Entries by emptywheel

About that AG “Investigation” and “Settlement”

About four hours ago, Iowa’s Attorney General Tom Miller testified to the Senate Banking Committee  it would be months before the combined AG “investigation” came up with a settlement (he also suggested that there were new aspects that were just being added to the “investigation”). Dodd: How long AG investigation? Miller: Months, rather than year […]

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Liveblog: Senate Banking Committee on Foreclosure Fraud

See Part One of this liveblog here. Shelby was actually pretty good, but then Johanns and Bennett went to some length to try to pretend the banksters weren’t doing what they were doing. Johnson: Does the law need to be change? Levitin: It’s not the law, it’s compliance w/the law. What was governing securitization was […]

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TARP Oversight Panel: Securitization Mess May (Re)Crash the Economy

The TARP Congressional Oversight Panel just released a report dedicated to the foreclosure fraud problem and the securitization mess underlying it. They conclude that the problems may represent a significant problem for the housing market and the financial system more generally. Here’s a great summary of why: If documentation problems prove to be pervasive and, […]

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Binyam Mohamed Wins Settlement for Being Tortured

Binyam Mohamed and a number of other detainees will be paid millions by the British government to compensate for their role in torturing him. Around a dozen men who accused British security forces of colluding in their transfer overseas are to get millions in compensation from the UK government. Some of the men, who are […]

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We Will Always Be at War against Everyone

As Spencer reported yesterday, the incoming Chair of the House Armed Services Committee Buck McKeon wants to revisit and expand the 2001 AUMF authorizing our war against al Qaeda. The objective wouldn’t the “drop a new Authorization to Use Military Force, but to reaffirm and strengthen the existing one,” says an aide to McKeon who […]

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David Stern, Foreclosure King, a Deadbeat

If only David Stern were being treated as badly as he treats homeowners, this would bring real schadenfreude. In a regulatory filing published today, Stern’s publicly traded company revealed that one of its subsidiaries failed to pay rent in November on its towering office building in Plantation, Florida, and had received a notice of default. […]

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DOJ IG Doesn’t List Foreclosure Fraud among Significant Performance Challenges

A month ago, the Financial Fraud Task Force first started to get around to investigating the systemic fraud in our foreclosure system. Federal investigators are exploring whether banks and other financial firms broke U.S. law when using fraudulent court documents to foreclose on people’s homes, according to sources familiar with the effort. The criminal investigation, […]

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Will a Role in Afghan Peace Negotiations Trump Indefinite Detention?

The Telegraph reports that a High Peace Council convened by Hamid Karzai may request that some Gitmo detainees be freed so they can participate in peace talks. (h/t Carol Rosenberg) Taliban prisoners would be freed from Guantánamo Bay to potentially join peace negotiations under a proposal from the Afghan council appointed to find a settlement […]

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