Warren: “My Money Is On the AG Investigation” In Foreclosure Fraud Mess

By: David Dayen Wednesday October 27, 2010 3:32 pm

Elizabeth Warren was asked about the foreclosure fraud scandal, and she agrees with me – the 50 state AGs have the best path to getting a legitimate solution to the problem for their constituents.

The Logical Outcome of Juan Williams’ Legitimization of Irrational Fears

By: emptywheel Wednesday October 27, 2010 2:45 pm

Thanks to Juan Williams’ legitimization of this kind of irrational response, I guess people dressed in religious garb no longer can pee in crappy airplane bathrooms without expecting to be detained by the FBI.

FDL’s Hot House: (10/27 Update) 102 Congressional Races to Watch

By: Jon Walker Wednesday October 27, 2010 1:50 pm

There are several updates today thanks mainly to a new round of polling from The Hill newspaper. At the beginning of the week, I wrote of how remarkably competitive so many of these races remained so close to election day, and how many would break one way or another depending on the atmosphere this last week. With that in mind, the news is not good for Democrats.

Khadr Prosecutors Trying Desperately to Hide Bigoted Article

By: emptywheel Wednesday October 27, 2010 12:55 pm

Sennels claims to be making an observation about a distinctly Muslim approach to anger. But it seems laughable, reading it even as the right comes out in support of Rand Paul’s supporter’s attack. Not to mention so shortly after eight years during which George Bush sustained respect from his supporters by carefully performing anger.

Who Will You Believe on HAMP, Treasury or Your Lying Eyes?

By: David Dayen Wednesday October 27, 2010 12:00 pm

What has happened, over and over, and this is well-documented not just by me but by numerous people who have looked at this, is that people make all their payments in trial modification, get stretched out for six months or more when the trial period is supposed to only last three months, and then get denied for a permanent mod for whatever reason (usually the servicer doesn’t give one). At that point, the borrower gets hit with a demand payment for the difference between the trial payment and the original payment, and tacked-on fees. The servicer wants that immediately or they will foreclose. And they carry through on that threat frequently, because the borrower doesn’t have the money accumulated over those many months to make in a lump sum – that’s why they sought a modification in the first place. Therefore, you have someone current on their payments getting foreclosed upon. It happens all the time.

John Boehner’s Clear and Bold Vision for Solving America’s Problems

By: Blue Texan Wednesday October 27, 2010 10:35 am

“Never a details man, Boehner has not specified budget cuts or how much they would save, or what his alternative to the health-care law would look like.” Just awesome.

Foreclosure Fraud Investigations Determined by Outcome of Attorneys General Campaigns

By: David Dayen Wednesday October 27, 2010 9:52 am

This is something to watch: state attorney general may not be at the top of the ticket, but it’s at the top of the list when it comes to the foreclosure fraud scandal. And the offices across the country may end up having a radically different focus by this time next week.

Breaking Bad: California’s Prop 19 Down in Latest Poll

By: Jon Walker Wednesday October 27, 2010 8:51 am

This is not a good sign for Proposition 19. The California initiative to legalize and tax marijuana has lost a small amount of support in the latest SurveyUSA poll. For the first time in their polling, the “lean no” side outnumbers the “lean yes” side by two points.

Do You Get the Feeling We’re the Adversaries Deputy Defense Secretary Lynn Is Talking About?

By: emptywheel Wednesday October 27, 2010 8:06 am

I can’t help but wonder whether William Lynn is using the term “adversary” rather loosely.

Petraeus’ Absolutely Relentless Killing Machine Fails Despite Claims of Success

By: Jim White Wednesday October 27, 2010 7:00 am

Despite a propaganda buildup that began last weekend, with both General David Petraeus and NATO Secretary-General Anders Fogh Rasmussen making claims of regaining momentum against the Taliban in the Kandahar offensive, Wednesday’s Washington Post destroys those claims with the headline that “U.S. military campaign to topple resilient Taliban hasn’t succeeded“. As if the destruction of Petraeus’ propaganda offensive by the Post is not enough on its own, BBC chimes in Wednesday, as well, with a fresh quote from Mikhail Gorbachev that victory in Afghanistan is impossible.

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