Why the Florida and Missouri Guilty Pleas from Docx Founder May Change the Mortgage Crisis

By: Wednesday November 21, 2012 6:00 am

Yesterday I dashed off a post about the guilty plea taken by Lorraine Brown, the founder of DocX/LPS in which she admits that it was the custom and practice of her company to employee people to forge the signatures of others and to falsely notarize those signatures creating assignments, allonges and affidavits that were both forgeries and perjuries. In short, fraud.

 

FDL Book Salon Welcomes Sheila Bair, Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself

By: Sunday November 18, 2012 1:59 pm

Bull by the Horns is the story of financial calamity seen from the perspective of this public servant, rendered from detailed notes. We learn with whom she met, what was said, what decisions taken, and how things turned out. She begins with the battles over deregulation of the banks (Basel II), with the gathering sub-prime storm, and proceeds through the disaster: WaMu, Wachovia, Citigroup, Bank of America, AIG, Citigroup again. And then the battles of the aftermath, over among other things Dodd-Frank, Basel III and the robosigning frauds. This is a book for aficionados of infuriating detail.

Bankers in Their Own Little Bubble

By: Friday November 16, 2012 6:22 am

Bankers big and small don’t understand why people hate them. And will continue to hate them. Hint: it’s the fraud and corruption.

Changing the Subject Doesn’t Make Payday Lending in PA a Better Idea

By: Sunday October 7, 2012 7:00 pm

As we’ve explained before — and as the U.S. military, U.S. Congress, and former President George W. Bush have all agreed — payday loans are a debt trap that further impoverishes low-income families, driving more of them into bankruptcy. Pennsylvania should leave in place the strong regulations that make use of payday loans much less common here than nationally.

FDL Book Salon Welcomes Neil Barofsky, Bailout: How I Watched Washington Rescue Wall Street While Abandoning Main Street

By: Saturday September 22, 2012 1:59 pm

I believe this is former Special Inspector General of TARP Neil Barofsky’s 206th media appearance in support of Bailout. He has tirelessly criss-crossed the media landscape to tell the story of his time in Washington and offer a warning about a government captured by Wall Street.

Lakeside Diner

By: Tuesday June 26, 2012 4:45 am

A variety of links to articles/interviews/speeches on current topics that may be of interest.

FDL Book Salon Welcomes Joseph Costello, Of, By, For: The New Politics of Money, Debt, and Democracy

By: Sunday June 24, 2012 1:59 pm

The system is designed to split us, and we are the ones who have to engage in education and conversation in order to come together to reform the political structure.

Beyond Corporate Capitalism: Not So Wild a Dream

By: Saturday May 26, 2012 1:00 pm

It’s time to put the taboo subject of public ownership back on the progressive agenda. It is the only way to solve some of the most serious problems facing the nation. We contend that it is possible not only to talk about this once forbidden subject but to begin to build a serious politics that can do what needs to be done in key sectors.

Predatory Payday Lending Bill Flies Out of Cramped PA House Committee

By: Wednesday May 9, 2012 5:25 pm

Room 148 of the State Capitol might as well double as a Capitol broom closet. That’s where the House Consumer Affairs Committee this morning rushed out amendments to House Bill 2191, which legalizes predatory payday lending in Pennsylvania.

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