Foreclosuregate: Bank and lawyers lie to a court in Pennsylvania and get caught

In a case in Pennsylvania the judge in a foreclosure found the the bank and the lawyers ‘had not been honest with the court.” Bank of America/Countrywide used lawyers who did not supervise non-lawyers or read the documents it submitted to the court. It also did not send letters unilaterally changing the home owners mortgage to her or to the bankruptcy court handling her affairs. And when they later tried to foreclose manufactured letters purporting to be notifications of the modifications after the fact. . . . → Read More: Foreclosuregate: Bank and lawyers lie to a court in Pennsylvania and get caught

Afghanistan: Connecting the government to the people

the US Army is now deploying the Abrams M1 tank for the first time in the Afghan war. “The tanks bring awe, shock and firepower,” an officer says. And recalling Vietnam’s ironic dismissal of the misuse of too much firepower “We had to destroy the village in order to save it,” another officer argues that blowing up Afghan homes and fields “connects the government to the people.” . . . → Read More: Afghanistan: Connecting the government to the people

Foreclosure-gate: Servicers dupe investors, defraud homeowners

I have read it through and found lots more interesting stuff from House testimony by Adam J. Levitin Associate Professor of Law Georgetown University Law Center. I have excerpted some of what I think are the best bits here: . . . → Read More: Foreclosure-gate: Servicers dupe investors, defraud homeowners

The ethics of the snitch

The New York Times Dealbook section reports today that the S.E.C. has published it’s rule on Dodd-Frank Whistle blowing.

The Dodd-Frank financial regulatory act makes that clear by requiring the Securities and Exchange Commission and Commodity Futures Trading Commission to pay at least 10 percent, and as much as 30 percent, of any monetary penalties more than $1 million to those who provide . . . → Read More: The ethics of the snitch