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October 30, 2014
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Tag: Mortgage Crisis


California Trial Places Mortgage Blame on Bankers

In an “unprecedented” trial that challenges the Obama administration’s official position on who was responsible for the 2008 financial meltdown, a Sacramento jury in late August thwarted a federal prosecutor’s effort to charge borrowers with mortgage fraud after the defense successfully argued that executives who signed off on the loans didn’t care whether answers given on mortgage applications were accurate.

Posted on Sep 8, 2014 READ MORE



JStone / Shutterstock.com

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance.

Posted on Jun 2, 2014 READ MORE



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Is JPMorgan Chase About to Buy Its Way Out of Another Prosecution?

On the heels of an anticipated $13 billion fine to make its responsibility go away in the mortgage meltdown, the storied bank reportedly is in talks for a “deferred prosecution agreement” over its handling of some of Bernie Madoff’s Ponzi money. Short version: Pay a fine, and the bank avoids criminal charges. So in addition to being “too big to fail,” now we have “too big to be guilty.”

Posted on Oct 24, 2013 READ MORE


American History the Tea Party Doesn’t Like to Talk About

This week on Truthdig Radio in association with KPFK: E.J. Dionne Jr. on our “Divided Political Heart.” Also on the show: California’s new mortgage law, the Declaration of Internet Freedom and the secret lives of Russian spies.

Posted on Jul 8, 2012 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

E.J. Dionne: American History the Tea Party Doesn’t Like to Talk About

This week on Truthdig Radio in association with KPFK: E.J. Dionne Jr. on our “Divided Political Heart.” Also on the show: California’s new mortgage law, the Declaration of Internet Freedom and the secret lives of Russian spies.

Posted on Jul 8, 2012 READ MORE



Flickr / ell brown

Feds Sue Deutsche Bank Over Bad Mortgages

The U.S. government is looking to recoup as much as $1 billion in anticipated losses it says were caused by Deutsche Bank’s reckless lending practices.

Posted on May 3, 2011 READ MORE


When Banks Are the Robbers

The big banks that caused the collapse of the global finance market, and received tens of billions of dollars in taxpayer-funded bailouts, have likely been engaging in wholesale fraud against homeowners and the courts.

Posted on Oct 19, 2010 READ MORE


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