25% of Blacks Predicted to Lose their Homes to Foreclosure Foreclosure rates among African- American homeowners are pretty much the same across all income groups, unlike those for whites whose foreclosure ratesdecline as income rises, according to a study published in November by the Center for Re... Read more...
Mumia Abu Jamal - With Leaders Like These With 'Leaders'Like These ••• [col. writ. 8/20/11 Mumia Abu-Jamal It has taken a while to reach this conclusion, but upon reflection, it is inescapable. Why, after over a half century of the vote and the election of more Black... Read more...
AIG has filed a $10 billion lawsuit against Bank of America over allegations of mortgage-backed securities (MBS) fraud. AIG claims that Bank of America and several of its acquisitions, including Merrill Lynch and Countrywide, of misrepresenting the quality of the mortgages that went into bundle... Read more...
JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival. Both JPMorgan Chase and Bank of America are getting smaller as they shake off the excesses of the... Read more...
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Jus... Read more...
1 comment,
11/01/2011,
by IAmNotARapperiSpit.com in Freeing Slaves,
Illuminati,
Jail,
mac,
News,
Stranger than fiction,
World News
The issues in this case are not merely problems with paperwork or a matter of dotting i’s and crossing t’s. Instead, they lie at the heart of the protections given to homeowners and borrowers… From the ruling The Too Big To Fail banks have been waiting with trepidation for a ruling from... Read more...
0 comments,
16/06/2010,
by IAmNotARapperiSpit.com in News,
Politics As Usual,
program,
Stranger than fiction,
World News
A good Washington DC contacts told me that a public relations/media push to demonize those who decide to walk away from mortgages they can still afford to pay (aka “strategic defaulters”) is underway. Expect to see a good bit of moral fervor as those who choose to cut their losses are attacked... Read more...
For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weeken... Read more...
The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their fa... Read more...