This story has been updated with comments from San Bernardino County Groups that represent the interest of mortgage bond investors have been caught off guard by a move San Bernardino County, Ca might make to use eminent domain to buy underwater mortgages with the help of wealthy private investors and a San Francisco based venture […]
Continue3 Jul
Court orders SEC whistleblower evidence on JP Morgan Hedge Fund fraud released
I’m on RT’s top financial show, Keiser Report, today talking about JP Morgan and the cascade of fraud the bank keeps trying to cover up. We learned last week Jamie Dimon had model the bank’s whale trade loss at a possible $9 billion but didn’t mention this when congress asked him to come in for […]
Continue23 Jun
Hearst Journalist Paresh Jha Fired for Fabricating Sources at New Canaan News
Update 6-25-12 (2:15pm): A former elected political official from New Canaan told me they were misquoted by Paresh while running for local office and complained to his editor Ashley Varese last year but no changes were made. Varese has not responded for comment Hearst Newspaper’s lead reporter for New Canaan, Ct was fired yesterday after […]
Continue19 Jun
Federal Judge Makes it Easier for Monolines to win Big Damages in JP Morgan RMBS Putback Suits
The monolines suing JP Morgan for RMBS putbacks got a BIG win today in Federal court. Judge Crotty showed he wasn’t buying the banks fancy legal arguments about needing to show a loan already blew up before you get your money back because you issued reps and warranties that weren’t actually true. This means New […]
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