05 Oct 2012

Will The Ryan Budget usher in an era of one party control in DC?

Greg Mitchell thinks that’s a possibility. But now Gallup has just found an astonishing surge in those who say right now they want one-party control. Since Obama is doing well at Gallup right now–maintaining a 6% lead today–this would suggest that many folks may also vote for Dems for Congress

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03 Oct 2012

Boos for The Ryan Budget at the AARP

For those irresponsible elected officials who thought they would make a “Grand Bargain” to pay for the tax cut deficit on the backs of those who receive Social Security and Medicare, don’t do it. Don’t do it because it is morally wrong. Don’t do it because it is illogical to

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01 Oct 2012

The Paul Ryan Budget Is Sinking the Romney Campaign

From the first day that Ryan joined the Romney ticket, the campaign has been running away from The Ryan Budget.

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01 Oct 2012

The Paul Ryan Budget Is Sinking the Romney Campaign

I noticed that from the first day that Ryan joined the Romney ticket, the campaign has been running away from The Ryan Budget.

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28 Jul 2012

Fracktinis!

Republic Report has story up about Washington lobbyist and movers and shakers being treated to red carpet cocktail party, film discussion and pro energy film trailers of movies made, by filmmakers I’ve never heard of, that are meant to serve as a counter weight to Gasland. There were apparently, let

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09 Jun 2012

The First Bank Has Been Criminally Indicted for Mortgage Fraud

Manhattan DA Cy Vance has indicted a bank, a very small bank, for mortgage fraud. The first bank to be indicted in the foreclosure crisis is Abacus Bank, along with some of its executives.

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09 Jun 2012

The First Bank Has Been Criminally Indicted for Mortgage Fraud

Manhattan DA Cy Vance has indicted a bank, a very small bank, for mortgage fraud. The first bank to be indicted in the foreclosure crisis is Abacus Bank, along with some of its executives. From the press release: Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of

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26 May 2012

FDL Book Salon Welcomes Paul Kiel, The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home

For those of you who have not kept up with the voluminous reading on the topic here at FDL, or for those who would like a concise, easy to read summary, with real life examples to illustrate the goings on, let me introduce you to a new e-book written by Paul Kiel from ProPublica called The Great American Foreclosure Story – The Struggle for Justice and a Place to Call Home.

At an easy to consume at one sitting 74 pages (can you say “beach reading”?), The Great American Foreclosure Story is a 360 degree look at the foreclosure crisis from predatory lending and the perverse incentives for mortgage brokers and loan originators, to the fee structure that encourages servicers to force paying homeowners into foreclosure, to the violation of fiduciary obligations to investors in the mortgage backed securities which prevent the meaningful mortgage modifications that would result in a “win/win” for both homeowners and RMBS investors.

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16 Apr 2012

Protests and Street Theatre Planned for April 17th in NYC

So want to have some fun on April 17th when you drop off your tax return at the Post Office? It seems there are going to be some tax protests at different locations around New York City to call out some people and corporations who manipulate the tax code to pay a lower effective tax rate than the rate imposed on the 99%.

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04 Apr 2012

Big Empty Bag of Nothing

It has finally happened. Investors in a Residential Mortgage Backed Security {RMBS) have finally sued that the mortgages were never properly transferred into the trust. The lawsuit was filed in the New York Supreme Court, New York County (that’s Manhattan to you off-islanders) on Monday. The Plaintiff is German Bank

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