Statewide, Republican voter registration in California is in decline. Thirty percent of voters are now listed as Republican as opposed to 32% in 2008. It was awfully suspicious, then, when GOP registrations in Riverside County jumped by 35,000 this year, seemingly giving them an advantage of 51,000 voters over Democrats. It turns out that thousands of Democrats have been re-registered as Republicans without their permission.
A Republican voter outreach program named ‘The Golden [...]
August 9, 2012
Attorneys representing media outlets are in court to push for the publication of files concerning the Colorado cinema murders. The judge put a gag on the files at the behest of prosecutors, but the press argues the public has a right to see them.
The decision to seal the documents off from public access “undermines our nation’s firm commitment to the transparency and public accountability of the criminal justice [...]
An Arapahoe County Court judge has granted a request to seal the case against James Holmes, the 24-year-old shooter who killed 12 and wounded 50 during a screening last night of “The Dark Knight Rises.”
The motion, filed in Arapahoe County court, asks for the records in the case to be sealed, including search warrants, affidavits, orders and the “case file.”
With ABC News’ release of the George Zimmerman photo showing blood flowing freely from his head, the question becomes whether Angela Corey, the prosecutor in the case, had access to the photo before charging Zimmerman with second-degree murder.
The arrest affidavit did not mention the photograph, or the bleeding, gashes, and bruises on Zimmermans’ head. Professor Alan Dershowitz of Harvard Law School stated upon release of the arrest affidavit that it [...]
From The Reformed Broker:
Today, we have a monster of a guest post from my friend the Finance Addict who blogs over at FinanceAddict.com. FA asks why all of a sudden JPMorgan and its legal representatives have seemingly disappeared from credit card collection judgments (as per a small piece in American Banker magazine). I have no special insights or opinions on this just yet but it certainly bears watching in light [...]
Strongly recommend this piece at the Huffington Post by Jeff Connaughton, a former aide to Senator Ted Kaufman. Jeff is one of the smartest guys on the Hill and is particularly strong on issues surrounding Wall Street and the regulatory system. In this piece, he takes apart the oft-stated mantra that what Wall Street firms did during and after the crisis was maybe unethical, but not illegal.
He takes particular aim at Barack Obama, who [...]
Really Mr. President? None of the following is illegal?
Laundering drug money. Wachovia admitted to doing it in court.
The former chief risk officer for Citifinanc
ial testified under oath before the FCIC that the company knowingly sold loans on to investors that did not meet their quality guidelines and published claims. In fact, he testified that by 2007 80 percent of those loans were defective.
Ponzi Schemes [...]
FBI agents confiscate boxes from Solyndra headquarters to be used as evidence in their investigation. Paul Sakuma/AP
CEO and founder of politically connected company questioned on day of raid. Now some Democrats wonder if they’d been misled
Federal agents have expanded their examination of the now-bankrupt California solar power company Solyndra, visiting the homes of the company’s chief executive, a founder, and a former executive, examining computer files and [...]
By JOE NOCERA
During the ensuing conference call Tuesday morning, there was the requisite chest-thumping from Brian Moynihan, the chief executive, and Chuck Noski, the chief financial officer. But there was also something else: tough talk about two big legal problems the bank faces as a result of the subprime bubble. Not surprising, it was the latter that caught my attention.
Like everyone else, Iâ€™d been reading with [...]
Some accounting voodoo to start off the day. In a nutshell – the bank which missed total revenue expectations of $24.28 billion by almost half a billion at $23.824 (which you may find unadjusted on one place somewhere in the attached presentation but most likely not), and which is entering Q4 with the foreclosure fraud crisis chip on its shoulder, and halted mortgages, somehow is lowering its net charge-off [...]
The foreclosure mess likely will blow over, says one analyst who is baffled that banks – which have every incentive to keep people in their homes – are being accused of all sorts of chicanery. Or, up to 9M foreclosures in the pipeline may face legal challenges, lenders could eat up to $6B and housing Armageddon could ensue.
As many as 9 million U.S. mortgages in the [...]
Ohio’s Cordray Interview About Lawsuit Against Ally (video)
Oct. 6 (Bloomberg) — Ohio Attorney General Richard Cordray talks about the state’s lawsuit against Ally Financial Inc. Ohio’s suit alleges that Ally’s GMAC mortgage unit violated state consumer law and committed fraud by filing false affidavits in foreclosure proceedings. He talks with Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Bank foreclosure cover seen in bill at [...]
This can’t be too good for sales…Rumor has it that Florida has done the same recently.
Texas Attorney General halts foreclosures and sales of foreclosed properties
The Texas Attorney General’s office has halted all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties, until mortgage companies have completed a review of their processes, including whether employees or agents “robosignedâ€ affidavits [...]
4ClosureFraud Posts Lender Processing Services Mortgage Document Fabrication Price Sheet -Â Yves Smith – A bombshell has dropped in mortgage land. Weâ€™ve said for some time that document fabrication is widespread in foreclosures. The reason is that the note, which is the borrower IOU, is the critical instrument to establishing the right to foreclose in 45 states (in those states, the mortgage, which is the lien [...]