The Reno Class Action attorneys and others, including Elizabeth Warren, Chairwomen of the Congressional Oversight Committee, want to know where this money went, whether it satisfied obligations, and whether the obligations satisfied inure to the benefit of homeowners who purchased loan products from a Ponzi securitization scheme or otherwise. $13 trillion in mortgages were issued [...]
“Credit card giant Capital One Financial has traditionally made good money in fees from customers who pay late but ultimately pay up and others who rack up charges and surpass their credit limits. But during the recent downturn, some customers appear to be changing their habits.”
“For the Elkhart Project, which is entering its fifth month, MSNBC.com assigns one staff member to Elkhart, Ind., at almost all times to ensure a regular output of blog posts, slide shows, videos and Twitter messages. In Elkhart, readers and viewers see the effects of job losses, foreclosures and stimulus money projects — what MSNBC.com calls “stories of struggle and recovery in America.””
” The bank and the SEC reached a settlement that had the Charlotte bank pay $33 million fines. The judge nixed that, not simply for the lack of rationale for the size of the fine, but its public importance, given the bailout money the bank received”
” One of the things they teach in Successful Investing 101 is to cut your losses short and let your winnings run. But when it comes to the Troubled Assets Relief Program, the government is stuck doing the opposite. Its gains are being cut short, because its most profitable investments are being closed out, yet its losses will continue running.”
