The disastrous collapse of Lehman Brothers on 9-11-08 was the catalyst that changed the rules of the game for the big Wall Street financial players. The banks would henceforth be bailed out by the taxpayers, no matter what the cost. Was the Lehman bankruptcy the result of “market forces” or was it engineered? If the [...]
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LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action [...]
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