Too BIG to Fail, Too BIG for Jail? Bid-Rigging Conspiracy
JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy (Update1) By William Selway and Martin Z. Braun March 26 (Bloomberg) — JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were...
View ArticleLawsuit Involving Goldman Sachs and Countrywide, New Century & Freemont...
Excerpts: I. Goldman Performed Increasingly Careful Due Diligence On Billions Of Dollars Of Subprime Mortgage Loans That It Purchased During 2005 And 2006, And Therefore Knew That Large Numbers Of...
View ArticleFULL COMPLAINTS | FHFA Sues 17 Firms to Recover Losses to Fannie Mae and...
UPDATE : FHFA suit stops short of going nuclear, ignores the biggest flaw in securitization/REMICs – failure to properly convey the notes….instead, FHFA sez loans were xferred properly to trust, to...
View ArticleFannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs...
Lets NOT forget both Fannie and Freddie, like most of the named banks they are suing, each are shareholders of MERS. Again, who gave the green light to eliminate the need for assignments and to realize...
View ArticleFHFA Complaints: Can Control Frauds Recover for Being Defrauded by other...
William K. Black- Reading the FHFA complaints against many of the world’s largest banks is a fascinating and troubling process for anyone that understands “accounting control fraud.” The FHFA, a...
View ArticleU.S. banks offered deal over lawsuits – FT
REUTERS- Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that is proposed to limit part of their legal liability, the Financial...
View ArticleFHFA puts out statement clarifying lawsuits
For Immediate Release Contact: Corinne Russell (202) 414-6921 Stefanie Johnson (202) 414-6376 September 6, 2011 Federal Housing Finance Agency Statement on Recent Lawsuits Filed Upon Scribd © 2010-15...
View ArticleJanet Tavakoli: “Fraud As a Business Model”
If William K. Black and Janet would only team up to write a book? HuffPO- There were many factors that contributed to our recent financial bubble: deregulation, cheap money from the Fed, failure to...
View ArticleProve Fannie and Freddie Innocent Before Suing the Banks–And Here Is How
Business Insider- Last Friday the U.S. regulator, the Federal Housing Finance Agency (FHFA), which has the oversight responsibility of Fannie Mae and Freddie Mac, sued 17 large banks and financial...
View ArticleIt’s hard to Believe the Gnomes at Freddie and Fannie didn’t know what they...
This is a great article written by Kevin Villani who was senior vice president and chief economist at Freddie Mac from 1982 to 1985. American Banker- In the 1980s Freddie Mac had a marketing campaign...
View ArticleIn Disputed Fannie and Freddie Mortgage Deals Evidence of ‘Robo-Signing’
TIME- Long before the banks started evicting delinquent homeowners, Wall Street, it appears, used robo-signers to ink mortgage deals that would eventually cost investors tens of billions of dollars and...
View ArticleVexed by Securitization Suit, Banks Pull Out of Mortgage Fraud Settlement...
Banks blow up mortgage settlement talks, despite Iowa AG Tom Miller’s begging and whimpering!! TIME- The five biggest mortgage servicers have cancelled a planned negotiating session with...
View Article
