Showing posts with label bank of america. Show all posts
Showing posts with label bank of america. Show all posts

Thursday, October 14, 2010

Harlem NY and Foreclosures

The foreclosures are hitting , and Obama won't even let Cuomo defend us from this crap.
New York State AG Andrew Cuomo sent letters to the top four mortgage servers (Bank of America, JP Morgan Chase, Wells Fargo, and GMAC), seeking documents and information, and demanding they suspend all foreclosures until their practices adhere to state law. Florida AG Bill McCollum sent letters to Bank of America, J.P. Morgan, Goldman Sachs' Litton Loan Servicing unit, and two other mortgage services, demanding they meet with him as soon as possible.

By midday, every state in the union had signed onto the statement issued by the National Association of Attorneys General, announcing they would "attempt to speak with one voice" in addressing what the statement politely calls "procedural defects" in the affidavits issued by mortgage loan servicers. "The facts uncovered in our review will dictate the scope of our inquiry," they stated.

In a related development, JPMorgan Chase extended its own de facto foreclosure moratorium to 41 states.

  

Wednesday, April 21, 2010

The Economic Crash and T-Shirts








Even the crash of the financial system can have a humorous side, if you don't starve to death. I think Harlem NY dudes can did that, as well as Bronx NY dudes. You had the t-shirts about Merrill Lynch and Bulls on America, or was that Bullshit on America?

Now, the Goldman Sachs, or is it Goldman Sucks t-shirt is next to be in vogue. How about "Goldman Sachs runs the world, and I got this lousy t-shirt," but what would the graphic be? Then, there is Merrill Lynch (now part of Bank of America) that ran a similar rip-off as Goldman Sachs did on the housing mortgage backed security, the bet against it CDO thing. That was done between Magnetar and Merrill Lynch, just like Goldman Sachs paired up with the Paulson hedge fund (of John Paulson). T-shirts anyone?