Standing up to the banks: how to challenge your foreclosure

In response to an article I posted recently called “Standing Up to the Banks,” www.webofdebt.com/articles, a number of people have written to ask for help in defending their foreclosure actions.  I started to put together materials, when I discovered that it had already been done.  The Consumer Warning Network is an excellent website providing specific directions on how [...]

PUTTING THE “FEDERAL” BACK IN THE FEDERAL RESERVE

In a July 19 Wall Street Journal article titled “Why No Outrage?”, James Grant notes that financial behavior that would have been met with outrage in the 19th century is now met with near-silence from a too-tolerant populace. Why? He suggests that the lack of outrage may be because the old 19th century Populists actually won [...]

Time for New Rules

Paul Mason, “Fannie Mae: The Credit Crunch Meets the F-word,” BBC News, July 12 2008 – 
“The panic on Friday about the two US mortgage giants, Fannie Mae and Freddie Mac, is followed by the collapse of California’s IndyMac, a regional mortgage lender. . . .
“All over the world, slowly but surely, the state is becoming [...]

Let the Lawsuits Begin: Banks Brace for a Storm of Litigation

Lawsuits threaten the banks from all sides – from state attorneys general, consumer class actions, and investor backlash. Shifting liability for the subprime debacle back to the banks could bankrupt even the biggest banks. But that might not be the end of the world . . .
http://www.webofdebt.com/articles/bracing-storm.php