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truth + creativity
Four Whistleblowers Who Sounded the Alarm on Banks’ Mortgage Shenanigans by Cora Currier for ProPublica Buried in the sweeping mortgage settlementwith banks, for which final documents were filed this week, are five whistleblower casesthat shed light on the litany of foreclosure abuses by [...]
Judge in Citigroup case has bucked trend of rubber stamping SEC settlements Jurist has history of slamming Wall Street’s top regulator by Ben Hallman for iWatch News There are 41 federal judges in the Southern District of New [...]
Whistleblowers ignored, punished by lenders, dozens of former employees say Mortgage fraud involved many lenders, former employees say by Michael Hudson for iwatch news Darcy Parmer ran into trouble soon after she started her job as a fraud [...]
“At some point, Treasury needs to ask itself what value there is in a program under which not only participation, but also compliance with the rules, is voluntary,” says the new report, from the special inspector general for the TARP. “Treasury needs to recognize the failings of [the program] and be willing to risk offending servicers.
Dalyrmple said he blames the big banks and their political enablers for credit freeze that killed his business. “It was extremely frustrating as an entrepreneur looking to be in charge of my success or failure to come to the realization that the fate of my business was determined by greed, corruption and illegal behavior on Wall Street and in Washington,” he said.