Archive for the ‘03. WHAT CAUSED MORTGAGE CRISIS’ Category

End of Credit Markets to Beginning of Bailouts with D.C. Insider, David Min (Interview)

. . . . . Interview With Professor David Min . Piggybankblog posted on 02/18/13 David Min is a nationally recognized expert on financial markets regulation, the law and policy of banking, real estate finance, and capital markets. From 2007 through 2009, David was a Washington D.C. “insider.” He was Banking Committee counsel for Sen. [...]

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FRONTLINE: WHY HAVE WALL STREET’S LEADERS ESCAPED PROSECUTION (SEE FULL VERSION HERE)

. . . .   WHY HAVE WALL STREET’S LEADERS ESCAPED PROSECUTION . Video Of Show Below Article Piggybankblog posted on 01/22/13 Cross linked with pbs.org More than four years since the financial crisis, not one senior Wall Street executive has faced criminal prosecution for fraud. Are Wall Street executives “too big to jail”? In The [...]

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Controversial MERS decision breaks Oregon foreclosure chain

. . . . . Pause intro music down below. Controversial MERS decision breaks Oregon foreclosure chain . Piggybankblog posted on 11/19/12 Cross linked with housingwire.com A controversial appellate court decision about the Mortgage Electronic Registration Systems in Oregon is stalling lending in the state with smaller banks worried about the decision’s impact on access [...]

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People Are Still Losing Homes Under the Robo-Signing Deal

. . . . . Pause intro music down below. People Are Still Losing Homes Under the Robo-Signing Deal . Piggybankblog posted on 11/19/12 Cross linked with businessweek.com The $25 billion National Mortgage Settlement signed in February was supposed to right the wrongs exposed in the robo-signing scandal and provide relief to homeowners, with a [...]

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Whistleblower Story! Bank Of America Mortgage Fraud: U.S. Attorney Sues For Over $1 Billion Alleging Fraud Against Fannie, Freddie

. . . . You can pause intro music down below United States Federal Government Sues BofA for $1 Billion Over Mortgage Losses . Piggybankblog posted on 10/24/12 Cross linked with yahoo.com The federal government filed a civil lawsuit against Bank of America Corp. (BAC), alleging the second-biggest U.S. bank by assets saddled taxpayers with losses [...]

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Neil Barofsky Might Be The Last Honest Man in Washington! He Will Tell You What’s Really Going On! (Interview)

. . . . . Neil Barofsky Might Be The Last Honest Man in Washington!  He We Tell You What’s Really Going On! . Piggybankblog Posted on 09/15/12 Cross linked with Mandelman Matters He could very well be the last honest man in Washington, but he’s certainly one of the last. Former Special Inspector General [...]

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Mortgage registry cleaned up act, chief says

. . .   .. You can pause intro music down below. Mortgage registry cleaned up act, chief says . Piggybankblog posted on 09/12/12 Piggybankblog posted picture Cross linked story with ocregister.com SANTA ANA — Until the foreclosure crisis, most people had never heard of the Mortgage Electronic Registry Systems, or MERS. Then MERS surfaced [...]

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Ex-RBS trader details bank’s Libor fixing

. . . . You can pause intro music below Ex-RBS trader details bank’s Libor fixing . Piggybankblog posted on 08/24/12 Cross linked on reuters.com . (Reuters) – A former dealer for the Royal Bank of Scotland Group PLC (RBS.L) has provided fresh details on how traders at the British bank tried to influence Libor [...]

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LIBOR’s risks emerged from clubby London’s banking culture. Looks like London Financial Bridge might be Falling Down.

. . . . You can pause intro music down below LIBOR’s risks emerged from clubby London banking culture . Piggybankblog posted on 08/19/12 Picture posted by Piggybankblog Cross linked with delawareonline.com With central bankers and market participants rushing to find an alternative to the London Interbank Offered Rate (or Libor), the interest-rate index that [...]

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JPMorgan, UBS Said Among Banks Queried in Libor Probe

. . . . You can pause intro music down below JPMorgan, UBS Said Among Banks Queried in Libor Probe . Piggybankblog posted on 08/16/12 Piggybankblog posted picture Cross linked with businessweek.com . JPMorgan Chase & Co. (JPM) and Barclays Plc (BARC) are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged [...]

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