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Liars Loans

Obama's FBI Channels the Tea Party: Partners With the Banks and Blames the Poor for the Crisis

William K. Black | Posted 10.19.2013 | Business
William K. Black

The Mortgage Bankers Association has conned the FBI in 2007, and the FBI has remained conned. The result is that the FBI operates under a faux definition of "mortgage fraud" in which it is conceptually impossible for the banks and their controlling officers to be criminals.

The OCC's Tragic Response to the Frontline Expose: The Untouchables

William K. Black | Posted 03.28.2013 | Business
William K. Black

The Frontline documentary begins the process of explaining what we have been saying for years -- neither the Bush nor the Obama administration has been willing to conduct a real investigation of the elite banksters whose frauds made them wealthy and drove the financial crisis and the Great Recession.

Liar's Loans

Jonathan Greenspan | Posted 09.19.2012 | Business
Jonathan Greenspan

A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.

Man Jailed For Taking Out A 'Liar's Loan'

nytimes.com | JOE NOCERA | Posted 05.27.2011 | Business

On Valentine's Day, the elder Mr. Engle said, his son had entered a minimum-security prison in Beaver, W.Va., to begin serving a 21-month sentence for...

Arthur Delaney

Foreclosure Paperwork Scandal 'Same Process' That Fed The Housing Bubble

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

The paperwork scandal that has prompted several banks to halt evictions and review their foreclosure procedures is reminiscent of the predatory lendin...

Liar's Loans

Christopher Carduff | Posted 09.18.2012 | Business
Christopher Carduff

A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.

Arthur Delaney

Senate Approves Amendment To Ban Liar's Loans, 'Steering Payments' For Loan Originators

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Five Republicans joined Senate Democrats voting in favor of an amendment to Wall Street reform legislation that will ban "liar's loans" and kickbacks ...