by Mike on April 1, 2013
NEW YORK, April 1—The leaders of the nation’s largest banks held a press conference today to apologize to the nation for the disastrous impact their greed and short-sightedness has had on the U.S. economy since the turn of the century. Bank of America, Wells Fargo, Citibank, and JP Morgan Chase all vowed that they would […]
by Mike on April 14, 2011
In the wake of the robo-signing scandal that broke last fall, one of the drumbeat-steady excuses you heard from the banks and their PR machines was that, despite what they called “procedural irregularities”, all the foreclosures were justified. No one, they claimed was thrown out on the street by mistake. Well, now we know that […]
by Mike on October 4, 2010
Bank of America official admits perjury Bank of America is the latest major bank to halt foreclosures after it was exposed as having submitted false affidavits just like GMAC and JP Morgan Chase banks. Ariana Cha of the Washington Post reports: A Bank of America official said in a February deposition in Massachusetts that she […]
by Mike on September 30, 2010
Chase Follows GMAC, Freezes Foreclosures JP Morgan Chase announced a freeze on mortgage foreclosures in 23 states—including Florida—just a few days after GMAC did the same. Chase took this unusual action because it could not tell whether it had submitted false affidavits or had committed perjury before the foreclosure courts of those states. While announcing […]
by Mike on December 29, 2008
Two major lenders, Chase and Wells Fargo, have angered federal judges sitting in two different cases: Chase, because of an apparent fraud on the court, and Wells Fargo, through incompetence and sloppy bookkeeping. Chase lies to the court My good friend Jay Fleischman describes the Chase case: In the case of In re Pawson, Case […]