World-News

Nomi Prins, AlterNet: "At first, there was a deafening silence from Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke on the foreclosure front. It was as if they: 1) didn't read the news; or 2) were afraid someone would notice afresh their incompetence in dealing with the ongoing housing crisis and deteriorating economy, while convincing everyone that the bank bailouts and subsidizations were good for us."

http://www.truth-out.org/nomi-prins-why-is-white-house-against-freezing-foreclosures-face-rampant-fraud64193



How Two Civilian Sleuths Brought Foreclosure Problems to Light

Tony Pugh, McClatchy Newspapers: "More than a year before lenders, law firms and document companies began owning up to widespread paperwork problems with their foreclosure filings, Lisa Epstein and Michael Redman already knew that something was wrong, very wrong."

http://www.truth-out.org/how-two-civilian-sleuths-brought-foreclosure-problems-light64207

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Bernanke Ponders The "Nuclear Option"

By Mike Whitney

Ben Bernanke's speech on Friday in Boston could turn out to be a real barnburner. In fact, there's a good chance the Fed chairman will announce changes in policy that will stun Wall Street and send tremors through Capital Hill.

http://www.informationclearinghouse.info/article26595.htm



U.S. Home Seizures Reach Record Amid Foreclosure Review

Lenders took over 102,134 properties last month, RealtyTrac Inc. said in a report today. That was the highest monthly tally since the company began tracking the data in 2005, surpassing the August record of 95,364.

http://bit.ly/9yiRIu


From Information Clearing House

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Seeking fair contracts

In These Times
by Ralph Nader

10/14/10

This time the big banks and mortgage servicing companies, with their long, one-sided fine print contracts, may have outsmarted themselves. The newspaper headlines and the network television news are blazing news of the erupting fraudulent foreclosure process. This long-overdue coverage is generating public visibility and suddenly hundreds of thousands of foreclosures may be questioned due to what one commentator delicately called ?flawed paperwork.? That is a euphemism for fraudulently executed contracts violative of state laws regarding home title changes...

http://www.inthesetimes.com/article/6552/seeking_fair_contracts/


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Geithner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bernanke
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Lisa+Epstein
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://freepage.twoday.net/search?q=Nomi+Prins
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tony+Pugh
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Mike+Whitney
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ralph+Nader
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