Why All the Robo-signing? Shedding Light on the Shadow Banking System

The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal.  The scandal involves employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed.  Investigation reveals that it did not just happen occasionally but was an industry-wide practice, dating back to the late 1990s; and that it may have clouded the titles of millions of homes.  If the settlement is agreed to, it will let Wall Street bankers off the hook for crimes that would land the rest of us in jail – fraud, forgery, securities violations and tax evasion.  Continue reading

Jeff Rense & Ellen Brown: County-Owned Banks Can Save Us

Rense & Ellen Brown – County-Owned Banks Can Save US. Pt 1 - Vid

Rense & Ellen Brown – County-Owned Banks Can Save US, Pt 2 - Vid

Occupy the Neighborhood: How Counties Can Use Land Banks and Eminent Domain

An electronic database called MERS has created defects in the chain of title to over half the homes in America.  Counties have been cheated out of millions of dollars in recording fees, and their title records are in hopeless disarray.  Meanwhile, foreclosed and abandoned homes are blighting neighborhoods.   Straightening out the records and restoring the homes to occupancy is clearly in the public interest, and the burden is on local government to do it.  But how?  New legal developments are presenting some innovative alternatives. Continue reading

Saving the Post Office: The Models of Kiwibank and Japan Post

Neither rain nor sleet nor snow may have stopped the Pony Express, but the nation’s oldest and second largest employer is now under attack.  Claiming the Postal Service is bankrupt, critics are pushing legislation that would defuse the postal crisis by breaking the backs  of the postal workers’ unions and mandating widespread layoffs.  But the “crisis” is an artificial one, created by Congress itself.   Continue reading

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