Obama To Unveil Mortgage Refinance Plan Targeting Underwater Borrowers (UPDATED)
Updated on Oct 24, 2011 at 9:30 PM by
DailyBail
Long-awaited and anticipated help in refinancing for some underwater borrowers who are current on their mortgage payments.
UPDATE - NYPD Pepper Spray Thug Anthony Bologna To Lose Vacation Time As Punishment (Morning Links)
Dylan Ratigan With Delaware AG Beau Biden: Fighting Big Banks Over Foreclosure Fraud
Beau Biden is one of 7 state attorneys general to join New York’s Eric Schneiderman in breaking away from a broad mortgage fraud settlement led by Wall Street-owned Iowa attorney general Tom Miller. He also joined the FDIC and a large number of investors in objecting to a proposed $8.5 billion mortgage settlement by Bank of America.
Matt Taibbi With Don Imus - My Advice To Occupy Wall Street: Hit Bankers Where It Hurts
Fox Video - Matt Taibbi with Don Imus - Oct. 13, 2011
Op-ed from Taibbi inside.
David Cameron On Spending Cuts: "The Only Way Out Of A Debt Crisis Is To DEAL With Your Debts"
BBC Video - UK Prime Minister David Cameron - Oct. 15, 2011
Keynesians calling for more government borrowing and spending should pay attention to this short speech from Cameron.
Pick Up The Phone And Call Corrupt Iowa AG Tom Miller
Anyone else in the mood to tie up the phone lines for a corrupt public official owned by the banks. It's the least we can do.
Attorney General Tom Miller
1305 E. Walnut Street
Des Moines IA 50319
Phone: 515-281-5164
Fax: 515-281-4209
webteam@ag.state.ia.us
Much more inside.
Janet Tavakoli: Fraud As A Banking Business Model
Guest post submitted by Janet Tavakoli.
Money is being put in taxpayers' pockets in the form of "recoveries" while being extracted again in the form of subsidies and cheap funding to shaky banks that continue to award record pay and record bonuses as they gouge consumers. We can expect more of the same if we continue to let banks off with a slap on the wrist for malfeasance--along with a taxpayer subsidized fine--while banks neither admit nor deny wrongdoing.
Banks won't change until we follow the law and take "prompt corrective action." Banks that committed widespread fraud should be placed in receivership. Bank of America was cited by William Black and Randall Wray in their October 2010 post as the place to start, and I agree.
Statement From Occupy Wall Street - Revolution Is Now!
As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies. As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known. They have taken our houses through an illegal foreclosure process, despite not having the original mortgage. They have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.