Foreclosure Mill King David Stern Announces Big Management Changes
David Stern's company, the foreclosure mill that has removed thousands of Floridans from their homes, announced big management changes today. Otherwise known as abandoning ship:
DJSP Enterprises, Inc. (Nasdaq:DJSP) (Nasdaq:DJSPW) (Nasdaq:DJSPU)…
What Did David Stern Do with the Truck of Documents He Removed from His Office?
4ClosureFraud published another of the depositions from the FL investigation into foreclosure mill David Stern's office. In it, Kelly Scott, the assistant of Cheryl Salmons--the woman who oversaw the robosigner aspect of their business--included…
Will SCOTUS Give Ashcroft Immunity in Ashcroft v. al-Kidd?
SCOTUS decided today to take John Ashcroft's appeal of a 9th Circuit decision finding that he did not have immunity from suit in using the material witness statute to illegally hold someone without probable cause.
The Supreme Court, finishing…
Rule of Law Has Broken Down for Secrets, Just Like Everything Else
Michael Isikoff takes a story Jack Goldsmith already treated and raises the logical conclusions. As I noted, Jack Goldsmith asked John Rizzo why it was that Woodward could publish the proceedings of a briefing from which even top Obama officials--like…
HUD Secretary Donovan: Banks Should Fix Problems Caused by their Law Breaking
Check out the following passage in HUD Secretary Shaun Donovan's statement opposing a moratorium on foreclosures:
No one should lose their home as a result of a bank mistake. No one. That is why the Obama Administration has a comprehensive…
Trash: They Might Be Giants
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bmazWas discussing the state of the NFL last night with Marcy, and the prevailing opinion was an unusual lack of particularly exciting or compelling story lines. A strange parity and blaah seems to have set in to the league that hardly ever suffers…
Who Arrested and Interrogated Hussein Abebe?
Mary and I both noted the suggestion in Judge Lewis Kaplan's summary opinion refusing to let Hussein Abebe testify against Ahmed Khalfan Ghailani that Abebe himself was coerced to testify.
Kaplan's complete ruling provides more details. At…
Judge Kaplan: Government Couldn't Use Abebe as Witness in Military Commission, Either
I'm going to have a longer post about some curious details revealed in Judge Lewis Kaplan's order refusing the government request to have Hussein Abebe testify against Ahmed Khalfan Ghailani. But I wanted to point to a footnote in which Kaplan…
How Much More Foreclosure Fraud Is Under Seal?
The NYT has a fascinating story about the $75,000 house that led to the GMAC deposition on robosigning that finally alerted the world to the extent of the fraud behind foreclosures. It's worth reading for the description of Thomas Cox, a lawyer…
If Voluntary Moratoria Mean Banks Are Solving the Problem, What about Wells Fargo?
Elizabeth Warren, presumably laying the foundation for an Administration deal with banks to not unwind the entire securitization paperwork problem in exchange for loan modifications, points to banks' voluntary foreclosure moratoria as proof…
The UndieBomber Hearing
The UndieBomber, Umar Farouk Abdulmutallab, had his first day in court since he decided to represent himself today. The outcome of the day was to schedule another pre-trial hearing on January 12.
The only drama of the day pertained to whether…
Treasury Sez Banksters Are Lousy Neighbors Who Broke the Law
The Treasury Department gave Felix Salmon's response to Crusader against Injustice Timmeh Geithner's statement on foreclosures more attention than it gave mine--they emailed a response to Salmon's questions about why foreclosures would hurt…
JP Morgan Chase's Several Week Timeline
In addition to dropping MERS today, JP Morgan Chase had an earnings call at which Jamie Dimon was asked questions about JPMC's foreclosure fraud. Calculated Risk has a transcription (both the AP and WSJ attribute these comments to Dimon, though…
Why Does Alabama Love Foreclosure Fraud?
This is just an observation.
As of current reporting, Alabama's Attorney General Troy King is the only state AG not to join in the joint investigation of foreclosure fraud. Even Michigan AG Mike Cox, whose spokesperson said investigating…
Did Servicers Commit Fraud So Banksters Could Get Big Bonuses?
When I asked yesterday about the relationship between the stress tests and the servicers' foreclosure fraud, I had a hunch that the banksters might have been committing that fraud so as to be able to show financial viability so as to be able…
Timmeh Geithner, Campaigner against Injustice
What a load of crap:
Charlie Rose: You're encouraging banks to declare a moratorium on foreclosures?
Tim Geithner: No, I wouldn't say it that way. I think that you know what you're seeing in housing still now is a national tragedy, still…
Foreclosure Crisis May Well Be Catastrophic In Any Case
John Cole asks a bunch of questions about what a foreclosure moratorium would accomplish.
I just don’t understand what good would come from a national moratorium. Forty state AG’s are on the ball, what exactly could a national moratorium…
Judge Phillips' DADT Order Is Not The Victory Being Claimed
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bmazBy wildly overreaching her injunctive authority, Judge Virginia Phillips has given the Obama White House/Executive Branch legitimate and compelling grounds to appeal that are separate from the critical merits issue of the constitutionality and propriety of DADT, which is a discriminatory and loathsome policy and should be terminated immediately.
Remember the Stress Tests?
The other day, I noted that Administration claims that they were helpless to affect what they now depict as loan servicers' "sloppiness" but what really amounts to fraud ignores their decision to stop pushing for cramdown--and with it, leverage…
US Military Reneges on al-Qosi's Plea Agreement
When Ibrahim al-Qosi agreed to a plea deal with the government, the original deal was that he'd spend a secret two year sentence (rather than the 14 year sentence announced to the public) in communal quarters. At the last minute, the judge in…
