Posts tagged as:

banks

Cramdown Safe Harbor Protection for Servicers Under Attack

by Moe Bedard

By Moe Bedard
It seems that Main Street isn’t the only important party angered by safe harbor clauses in the pending cramdown bill, mortgage investors are agitated as well. While Main Street looks at safe harbor clauses as an appeasement to banks to allow cramdowns under extreme circumstances, mortgage investors are also asking themselves…”Hey, wait a [...]

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An Unbalanced Equation

by Moe Bedard

By Moe Bedard
Major banks except Citi have formally cut off all negotiations with the Senate in an effort to limit even further the scope of the cramdown bill. Senators from both sides of the isle have given up hope on further developments as well. Bloomberg’s report on the cramdown bill today seems like the last [...]

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A Political Slight of Hand

by Moe Bedard

By Moe Bedard
While the cramdown bill dies, providing evidence of our representative’s willingness to sell us out, some may say that our representatives have already passed legislation to help Main Street like the foreclosure bill and the Hope for Homeowners plan. Whereas it may seem like these two programs are designed to help us, upon [...]

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Banks Starting to Walk Away on Foreclosures

by Moe Bedard

SOUTH BEND, Ind. — Mercy James thought she had lost her rental property here to foreclosure. A date for a sheriff’s sale had been set, and notices about the foreclosure process were piling up in her mailbox.
Ms. James had the tenants move out, and soon her white house at the corner of Thomas and Maple [...]

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Verifying legitimate bank websites

by Moe Bedard

This can be important because there are many ways to be tricked into thinking you are at, for example, a bank website, when you are really viewing a well-crafted, scam copy designed to steal personal information. Flagfox can go a long way toward verifying that you are really looking at the website you expect. Anyone [...]

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Is Obama for the People or the Banks?

by Moe Bedard

Let’s get something straight here America.
The President of the United States is to work for the common good of the people for which they represent and serve. Yes, represent and serve. They do not take the oval office to work for the “special interests” of corporate America and the money that fills their campaign buckets.
Or do they?

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Cramer Says the Banks are All Fiction – Lies

by Moe Bedard

It’s real. I’m real. Jim Cramer tells the truth. I tell the truth.  He says it’s all fiction. Just like I knew it was fiction.
I hope you watch this video if you want to see what our country’s economy is heading for. It’s not looking good.
Why isn’t the Securities and Exchange Commission getting more involved in [...]

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“I believe that banking institutions are more dangerous to our liberties than standing armies” – Thomas Jefferson

by Moe Bedard

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their [...]

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