New Orleans There are many small town papers that used to thrive by feeding their readers the daily police reports. These days reading the financial pages is more than an adequate substitute, since every day we seem to get another perp walk in the criminal conspiracy now called modern banking. I know it’s tedious …
Category: Foreclosure
How Much Puff versus Pay in Proposed JP Morgan Chase Settlement?
New Orleans My goodness, hysteria has broken out among the financial chattering class with the news of a $13 billion proposed settlement between JP Morgan Chase and the Justice Department and Federal Housing Finance Agency over the bank’s handling of the mortgage crisis. The lead editorial in the Wall Street Journal claimed variously that parts …
As Predicted, Banks Stiff Borrowers on Mortgage Settlement Once Again
Lafayette The monitor of the $25 billion bank mortgage scandal settlement around mass produced, illegal documentation finally made his report, and the results continue along the same depressing track that has now been deep rutted since the housing collapse in 2008. Once again banks got credit, largely for paying themselves back money out of the …