About Deadly Clear

This blog site is for you - to make your opinions known and enable you to express your thoughts, insights, fears and be DEADLY CLEAR. The author of the blog has become more compassionate and socially enlightened with age after entering this world from a very brainwashed right-winged culture. My goal is to achieve perfection and share in Ho'oponopono which means to make things right.

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Big Banks Don’t Want You To Find Out What People Really Think Of Them

Originally posted on Justice League:

The nation’s largest banks and debt collectors are worried that if you learn what people are saying about them, you might like them less. And that wouldn’t be fair, they say.

The financial sector is fighting a Consumer Financial Protection Bureau proposal that would have the agency publish complaints submitted by people who feel they have been mistreated by a lender, debt collector or other financial institution. As it now stands, the agency publishes some small amount of information about the more than 290,000 complaints it has received from aggrieved consumers, but has refused to release the full narratives — essentially, the details.

Under the new policy, consumer names would be redacted and banks and other financial institutions would have a chance to publicly respond to or refute any allegations. People who file a complaint would have to opt in to having their narrative published on the CFPB’s website.

“This…

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Utah Homeowner Wins Lawsuit Against Bank of America in Illegal Foreclosure Action

Originally posted on Justice League:

(St. George, UT) – Utah Fifth District Judge Jeffrey Wilcox listened to Sam Adamson tell his story on the witness stand about the illegal foreclosure conducted on his home by ReconTrust Company over four years ago. After taking the case under advisement Judge Wilcox issued a ruling stating that the foreclosure sale on Adamson’s home was void and never happened. “Judge Wilcox listened to all of the testimony and carefully reviewed case law and made the appropriate ruling,” Attorney John Christian Barlow, who represents the Adamsons, told KCSG news.

This ruling is significant because it renders ReconTrust foreclosure action invalid as if it never happened. For years Utah homeowners have battled Bank of America (NYSE: “BAC”) and its subsidiary ReconTrust Company over the validity of the bank’s foreclosure actions in Utah, Barlow said.

Read more: KCSG Television – Utah Homeowner Wins Lawsuit Against Bank of America in Illegal…

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How Goldman Sachs Controls The New York Fed: 47.5 Hours Of “The Secret Goldman Sachs Tapes”

Deadly Clear:

It’s a dirty job – but somebody has to do it…

Originally posted on Justice League:

As ProPublica reported last year, Segarra sued the New York Fed and her bosses, claiming she was retaliated against for refusing to back down from a negative finding about Goldman Sachs. A judge threw out the case this year without ruling on the merits, saying the facts didn’t fit the statute under which she sued.

At the bottom of a document filed in the case, however, her lawyer disclosed a stunning fact: Segarra had made a series of audio recordings while at the New York Fed. Worried about what she was witnessing, Segarra wanted a record in case events were disputed. So she had purchased a tiny recorder at the Spy Store and began capturing what took place at Goldman and with her bosses.

Segarra ultimately recorded about 46 hours of meetings and conversations with her colleagues. Many of these events document key moments leading to her firing. But against…

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Wall Street scared new attorney general could be NY U.S Attorney Preet

Deadly Clear:

A renewed “hope” – almost afraid to wish…

Originally posted on Justice League:

lol Now, that would be a hoot. I hope Obama puts this man on his short list…

Attorney General Eric Holder is heading to the exit door — and that’s making Wall Street nervous.

Executives in the financial services industry see Manhattan US Attorney Preet Bharara as a possible successor — and with his tough-on-corporate-crime history, believe a renewed focus on Wall Street could be coming to Washington.

Holder, after six years atop the Justice Department, is seen as not interested in highlighting white-collar crimes.

“[Holder] was pretty easy on Wall Street,” Marc LoPresti, a corporate and securities lawyer in New York, told The Post.

“It’s glaring that past financial debacles have led to prosecutions of high-level executives but we have seen almost no prosecution of individuals involved in wrongdoings of financial institutions related to the 2007-2009 financial crisis,” said Anat Admati, a professor of finance at Stanford’s graduate school…

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5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives

Deadly Clear:

“Exposure” = “unrecoverable debt”. KISS those pension funds good-bye and write some good protective law. I read a statement today that said cons know “honest men cannot be conned.” Meaning there must be a little larceny in the mind of the “mark.” What does that say about some judges?

Originally posted on Justice League:

Submitted by Michael Snyder of The Economic Collapse blog,

The “too big to fail” banks run up enormous profits from their derivatives trading.  According to the New York Times, U.S. banks “have nearly $280 trillion of derivatives on their books” even though the financial crisis of 2008 demonstrated how dangerous they could be…

American banks have nearly $280 trillion of derivatives on their books, and they earn some of their biggest profits from trading in them. But the 2008 crisis revealed how flaws in the market had allowed for dangerous buildups of risk at large Wall Street firms and worsened the run on the banking system.

The big banks have sophisticated computer models which are supposed to keep the system stable and help them manage these risks.

But all computer models are based on assumptions.

And all of those assumptions were originally made by flesh and blood people.

When…

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Barclays Fined Twice in One Day for Compliance Failures

Deadly Clear:

Look for Barleys’ participation in New Century/Home123 loans and faulty assignments.

Originally posted on Justice League:

Barclays Plc (BARC) was fined twice in one day for client account failures in the U.K. and the U.S., hurting the bank’s effort to rehabilitate a tarnished image. It agreed to pay a total of $77 million in penalties.

The bank will pay $15 million to the Securities and Exchange Commission to settle claims that its U.S. wealth-management business failed to maintain an adequate internal compliance system and made trades and charged commissions without client approval.

In the U.K., Barclays agreed to pay 38 million pounds ($62 million) to Britain’s market regulator for failing to properly protect 16.5 billion pounds of client assets between 2007 and 2012. Flaws in account naming or data suggested assets belonged to Barclays instead of its clients, which could have caused customers to lose money if the bank became insolvent, the Financial Conduct Authority said.

Read on.

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When an assignment of a mortgage is invalid, does it require a foreclosure case to be dismissed?

Deadly Clear:

Excellent post. A “traditional” mortgage loan never took place. These were NTMs (non-traditional mortgages) wherein there are no statutes that governs quasi-securities transactions – are there?

Originally posted on Livinglies's Weblog:

For more information on foreclosure offense, expert witness consultations and foreclosure defense please call 954-495-9867 or 520-405-1688. We offer litigation support in all 50 states to attorneys. We refer new clients without a referral fee or co-counsel fee unless we are retained for litigation support. Bankruptcy lawyers take note: Don’t be too quick admit the loan exists nor that a default occurred and especially don’t admit the loan is secured. FREE INFORMATION, ARTICLES AND FORMS CAN BE FOUND ON LEFT SIDE OF THE BLOG. Consultations available by appointment in person, by Skype and by phone.

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There seems to be confusion about what is necessary to file a foreclosure. To start with the basics, the debt is created when the borrower receives the funds or when the funds are disbursed for the benefit of the borrower. This requires no documentation. The receipt of funds presumptively implies a loan that is…

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Senator Brown discusses plans for Bank of America foreclosure settlement

Deadly Clear:

How much more naive can Congress be? The Taxpayers funds are doled out by the Fed and these bankster use it to pay fines. Unless they confiscate the patents used in the business of fraud and corruption or reinstate Glass-Steagall it is doubtful it will EVER reverse their course.

Originally posted on Justice League:

LOGAN – Senior United States Senator for Ohio, Sherrod Brown (D) hosted a conference call on Wednesday to discuss a record setting $16 billion settlement from Bank of America.

“It’s been some six years since the financial crises wreaked terrible damage on homeowners and investors in our state and across the country,” said Brown. “We made progress, we know though that the economy can’t fully recover until the housing industry does.”

The Thriving Communities Institute, an organization dedicated to eliminating vacant housing, estimates that 50,000 abandoned properties across the state have fallen into disrepair. According to their website:

“Vacant properties act like infectious and deadly agents in our communities. One vacant house on a block destroys the value of nearby homes. Soon, due to loss of value, foreclosures and bank walk-aways, the nearby homes become vacant as the disease spreads. Soon the entire neighborhood is dead and diseased, having been…

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