Tag Archives: Naked Capitalism
IT’S ALL ABOUT THE ENDORSEMENTS, Y’ALL
As we have written about many times here at LRM, endorsements on promissory notes are a big deal, to put it lightly (see list of articles at the end of this post). The judges know this. The banks know this. … Continue reading
FAKE ENDORSEMENTS: JUDGE IN WELLS FARGO CASE ON RIGHT TRACK
The Wells Fargo “Mortgage Foreclosure Attorney Procedure Manual” continues to make news. Now the judge in the case that brought all this to light is saying the following: At the hearing, attorney David Dunn said the bank’s note endorsement process … Continue reading
Posted in Conspiracy, Everything Is Rigged, Foreclosure, Foreclosure fraud, Paper terrorism, Securities, Securitization Fail, Wells Fargo
Tagged endorsement, Judge Drain, Linda Tirelli, mortgage-backed securities, Naked Capitalism, Robert Drain, robo-endorsed, robo-stamped, securitization, Well Fargo manual, Wells Fargo, whistleblower
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“GOTCHA” IS FOR LITTLE PEOPLE, NOT FOR BILLIONAIRES
“Gotcha”: If YOU break a securities law, you’ll be thrown under the jail. If a private equity firm breaks securities laws, the SEC will just look the other way and offer lame excuses as to why they looked the other … Continue reading
Posted in Everything Is Rigged, Mary McCulley, Private equity, SEC, Securities
Tagged Andrew Bowden, gotcha, Mary McCulley, Naked Capitalism, private equity, scam, SEC, securities
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MERS: DYING A SLOW, PAINFUL DEATH?
In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading
Posted in Asset Bubble, Bank of America, Debt, Debt Slavery, Everything Is Rigged, Fannie Mae, Foreclosure fraud, Securitization Fail
Tagged Abigail Field, Bank of America, Bloomberg, Fannie Mae, Kemp v. Countrywide, Linda DeMartini, MERS, Naked Capitalism, securitization fail, William Hultman
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TAX TIME: PAY UP SO WE CAN CONTINUE TO TRAMPLE YOUR RIGHTS
It’s tax season! “Working for no one but me,” indeed… In the spirit of the season, Naked Capitalism has an interesting post today, titled “Whistleblower Reveals Favoritism Toward the Rich, Robo-Signing at the IRS.” Here’s an interesting excerpt regarding the … Continue reading
WELLS FARGO “CORRECTS” DOCUMENTS TO TAKE HOUSES
In the Wells Fargo manual mentioned in the post “Conspiracy Fact, Not Theory: Wells Fargo’s Manual”, we find the following statement on p. 32: “Files needing a corrected endorsement or assignment will not follow the Wells Fargo policy of returning … Continue reading
CONSPIRACY FACT, NOT THEORY: WELLS FARGO’S MANUAL
So, once again, the “conspiracy theory” that banks manufacture/massage/manipulate the documents they need–but don’t have–in the foreclosure context has proven to be conspiracy fact. Indeed, the whistleblower that went to Naked Capitalism regarding Wells Fargo a year ago was not … Continue reading
LIBERTY ROAD MEDIA 