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( Business / Mortgages )
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Also up at the Huffington Post
Since www.shamethebanks.org was launched on March 23 and announced on the Huff Post, the site has received thousands of visitors. Homeowners have been submitting stories, commenting on articles and stories, a
Fri, 02 Apr 2010 19:55:16 -0400
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( Business / Mortgages )
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You can also see this story on Huffington Post
Why ShametheBanks.org? Because it's been over a year since the Obama Administration and Treasury announced the Making Home Affordable plan, also known as HAMP. The plan was supposed to potential
Fri, 02 Apr 2010 19:52:16 -0400
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This post can also been see at The Huffington Post
Since last year nearly 1 million struggling homeowners facing foreclosure have been offered trial modifications on homes that have depreciated in value. The modifications reduce the monthly payments
Fri, 29 Jan 2010 02:49:17 -0500
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 | The commission is set to question Goldman Sachs CEO; Lloyd Blankfein; Bank Of America CEO Brian Moynihan; Morgan Stanley Chairman John Mack; and JPMorgan Chase CEO Jamie Dimon.
It's a good thing they got their scripts several days ago so that each C |
Wed, 13 Jan 2010 17:43:46 -0500
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This post is also published at Huffington Post
I've about had it with getting screwed by banks and watching while they continue to pick our pockets without even showing us the respect of being sneaky about it. In addition, this all happens while Con
Sat, 09 Jan 2010 06:09:11 -0500
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( Business / Mortgages )
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This post can also be found at the Huffington Post
After reading Chief Financial Correspondent Floyd Norris' blog entry in The New York Times last week it's easy to assume that he's suffering from some weird journalistic version of the Stockholm Syn
Sun, 13 Dec 2009 21:37:03 -0500
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Well, Treasury's at it again. They're going to shame the banks into modifying mortgages. Geithner may even put his hands on his hips and wave his finger at them. Maybe we'll get lucky and he'll rattle off another profanity-laced-tirade like he did to
Tue, 01 Dec 2009 20:42:35 -0500
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( Business / Mortgages )
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Until the 1930’s, buying a home required a down payment equal to a quarter or a third of its value. Mortgages had to be repaid in about a half dozen years. Banks then didn’t want to accept smaller down payments as it would attract more borrow
Wed, 18 Nov 2009 18:00:53 -0500
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In October 2008, Peter Schiff wrote an op-ed for the San Diego Union-Tribune titled, simply enough, “Stop Paying Your Mortgage.”After supposedly bailing out the fat cats on Wall Street, no politician wants to be accused of evicting struggling fam
Mon, 09 Nov 2009 02:03:34 -0500
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( Business / Mortgages )
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This article can also be seen at the Huffington Post
Huffington Post ran a story last week about Ocwen Financial patting themselves on the back for the amount of delinquent mortgages they've modified using the Making Home Affordable plan (MHA). Acco
Tue, 20 Oct 2009 17:02:24 -0400
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( Business / Mortgages )
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This post can also be seen at Huffington Post
Arianna Huffington wrote an article last week on how the deck is stacked against homeowners when it comes to legal representation in foreclosures and mortgage related cases. In the article she addresses
Wed, 14 Oct 2009 20:20:14 -0400
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This post can also be seen at Huffington Post
I saw Michael Moore's Capitalism: A Love Story earlier this week and it took me from pissed off to infuriated in the first 30 minutes.
After seeing the report on "Dead Peasant Policies" the word "peas |
Fri, 09 Oct 2009 17:48:42 -0400
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I read the article yesterday about Ann Minch, the woman who made a video to Bank of America telling them to go screw themselves after they raised her interest rate to 30%I wonder if she realizes, as some of the commenters pointed out, that she's a le
Tue, 15 Sep 2009 14:46:46 -0400
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This article can also be seen at the Huffington Post.
Norton, Massachusetts was host to Deutsche Bank's annual golf tournament this year. Ironically Norton is in Barney Frank's 4th District. In February Frank and close to a dozen other members of |
Wed, 09 Sep 2009 17:36:36 -0400
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 | Usually I'd link to an article, but I had a really hard time finding this one on Rolling Stone and truth be told it's an awesome one by Matt Taibbi of Rolling Stone. It was really hard to not resist putting it up here and hopefully giving the attribu |
Mon, 13 Jul 2009 00:52:54 -0400
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 | A little while ago we got a comment from another blog. A small blog of little importance, but still a comment. A comment by badbizfinder accusing the writer of an article on this site of plagiarism. The article, written by Zeds Head, was about a loan |
Wed, 08 Jul 2009 20:18:46 -0400
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Back in April I wrote a piece about 2nd Chance Negotiations, a loan modification company (now working under the name Superior Mortgages). I wrote about them because I was scammed. I turned to them because they were recommended by trusted people in th
Sat, 27 Jun 2009 05:00:00 -0400
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( Business / Mortgages )
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 | Since March we've been hearing how much the banks are doing (from the banks) to help homeowners. How much they love Obama's Making Homes Affordable plan and what a great day it is in Amerca's history when homeowners will be saved and banks and loan s |
Mon, 08 Jun 2009 01:30:31 -0400
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| To expand on the article submitted "Ocwen Sucks", we're in a similar situation with this particular loan servicer.
All along, we have been terrified of moving past a 90 day default period as Ocwen has told us repeatedly that if we did, our file woul |
Sun, 31 May 2009 14:57:39 -0400
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 | Ok - I can kind of sort of understand a credit card company calling to find out why your payment is late, but what I can't handle is abusive harassment. JP Morgan Chase calls the house at least 15-20 times per day. It's to the point of once an hour. |
Thu, 28 May 2009 05:00:00 -0400
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( Business / Mortgages )
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 | Editor's note: This is a serious issue and this is just the beginning of stories like this. The program is new and the banks are gaming it. There will be many foreclosures before there's help. And people who can pay for there homes will end up losing |
Sun, 24 May 2009 21:24:53 -0400
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I couldn't think of a better title.
It's one thing for a company to claim they're doing everything they can to help people. They can advertise how wonderful and helpful they are all they want. They can even lie to the media through press releases. |
Sat, 16 May 2009 12:23:03 -0400
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After having voted 'no' on the anti-foreclosure bill yesterday Florida Republican Senator, Mel Martinez said "We're working through this crisis. It's not quite as impending an issue as it may have been four months ago, because I think we're beginnin
Sat, 02 May 2009 03:27:51 -0400
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Well, the Senate has shown once again who is important in this country. Tax payers? Nope. Homeowners? Nope. Normal Citizens that vote for for these idiots? Sorry wrong again.
The banks and the mortgage brokers seem to be what drives the votes in the
Thu, 30 Apr 2009 20:23:20 -0400
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 | The Huffington Post published an article on Monday exposing 2nd Chance Negotiations, now Superior Properties, for the scam that they are.
We also published a story on April 6th and another one on April 11 based on information we had found, experienc |
Tue, 28 Apr 2009 13:30:33 -0400
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 | Lets get the legal and disclosure bullshit out of the way: I am short selling both stocks via Put Options on the underlying common shares of both Entities; Therefore, I have a vested interest in both of the following companies filing for Bankruptcy. |
Fri, 24 Apr 2009 05:00:00 -0400
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 | Want to know how not to lose $1 Billion? Take your lead from Goldman Sachs and just don't report it. That's right. Show a profit of $1.8 Billion on paper because you changed your fiscal year from November to January and left out a $1 Billion loss in |
Tue, 21 Apr 2009 17:31:44 -0400
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( Business / Products )
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A couple of weeks ago I started a support ticket with Norton Anti-virus to resolve an issue I was having with one of their products. I had originally gone to the web site to look through there support site and knowledge base, because I'm a do-it-your
Mon, 20 Apr 2009 05:00:00 -0400
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( Business / Mortgages )
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 | Even with new government actions dedicated to stopping mortgage refinance and loan modification scams, a lot of these scum bags are slick and apparently really don't care what officials have to say.
2nd Chance Negotiations of Fair Oaks California, d |
Sat, 11 Apr 2009 13:32:06 -0400
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 | So after being given check for $25 Billion and an ultimatum to fix the problem of gas guzzling, money sucking cars, GM comes back with a two wheel car. Trying to team up with FIAT and having the CEO fired wasn't enough? Is this a joke?
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Tue, 07 Apr 2009 20:42:15 -0400
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( Business / Mortgages )
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| Maybe I'm naive, but I still get shocked at the amount of scumbags allowed to roam free out there. Mortgage companies and banks have been screwing people non-stop for decades and now that there's actually a little help on the horizon for people in di |
Mon, 06 Apr 2009 18:47:44 -0400
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 | Below is a list of some foreign cars. Reliable foreign cars, for the most part. But however you look at it they are not American made cars. While it's debatable whether or not this is actual shitheadery, since buying a reliable, eco-friendly, and wel |
Sat, 04 Apr 2009 15:44:18 -0400
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 | Apparently Congress threatened to blow up the Financial Accounting Standards Board this week, because under the pressure they came up with one of the most idiotic rulings in history.
In a nut shell, allow banks to value their assets. That's right. T |
Fri, 03 Apr 2009 18:55:33 -0400
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Anthony Scaramucci said, "But there's the potential that regulators might make funds microscopically report positions -- something the industry should dig a trench and put on the mustard-gas mask to fight. That would drive managers out of the Unite
Sun, 29 Mar 2009 18:13:33 -0400
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"I can no longer justify spending 10, 12, 14 hours a day away from my family..." Wow! That's slave labor! Does that include the commute and the two hour lunches too? My heart goes out to him.
I can tell you, because I asked them, that my family woul
Thu, 26 Mar 2009 02:01:37 -0400
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I've been really trying to figure out why Madoff's victims are even called victims. Didn't these people know what they were in for? Don't you question something that seems to good to be true?
And when you're working for the Attorney General who pros
Wed, 25 Mar 2009 01:51:30 -0400
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 | When money gets dumped into the economy, no matter how good the intentions, douchebags trying to get a hold of it are going to pop up.
Treasury put up a web site a few days ago called makinghomeaffordable.gov to offer information to home owners on h |
Mon, 23 Mar 2009 01:57:56 -0400
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 | The other day I almost made a bank teller cry.
Every couple of months I benefit from my extreme wealth. I scoop up all the change in my car's ashtray, in my desk drawer, and in the coin bin at home, take it to the market, and pour it into a change m |
Sun, 22 Mar 2009 14:45:43 -0400
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 | Maybe we should have a cage match and make the prize the bonuses that the AIG execs got. Why not? We have reality TV, bare knuckle fights in cages, and Top Chef. We're quickly repeating the competitions the Roman's found entertaining and it won't be |
Thu, 19 Mar 2009 18:49:04 -0400
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 | I know there are bigger, more important life altering topics to discuss in the world - AIG buggery, unemployment rates nearing 10%, foreclosure notices by the thousands - the list goes on….but I’ve just about had it!
Why can’t I get a clear, c |
Wed, 18 Mar 2009 13:09:38 -0400
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 | So these million dollar "retention bonuses" that A.I.G. was paying out this week. You know the money that was going to keep the top execs at the company. Those same ass wipes that caused this mess. The financial genius that sold insurance policies to |
Tue, 17 Mar 2009 19:03:46 -0400
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| Here's the problem. Like Greenspan forgetting all about the douche-bag factor in his economic calculation, the stimulus package for mortgages does the same thing.
Banks have been given every incentive to help troubled mortgages. They're getting mone |
Tue, 17 Mar 2009 03:04:30 -0400
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 | Is it really a surprise to anyone that A.I.G, after getting another $55 Billion in December, would hand out $165 Million in bonuses?
The argument in favor of the bonuses is that the money is going to top performers and the money was promised last ye |
Sun, 15 Mar 2009 04:00:59 -0400
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 | I'm so tired of having my intelligence doubted. I'd like to know when we stop hearing from banks and credit card companies that we agreed to something we never remember agreeing to.I received a letter from Chase, who took over my WAMU credit card. In |
Sun, 15 Mar 2009 01:15:18 -0400
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 | Chase was bailed out by the government, so essentially it was bailed out by me. Not surprisingly they're not very grateful. Granted, my share of $25 Billion is fairly small, but a thank you instead of a hot poker up the ass would have been more welco |
Sat, 14 Mar 2009 19:56:06 -0400
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| Absolutely nothing!Credit card companies are reporting record delinquencies. Apparently people aren't paying up or are late. Gee, I wonder why?About three months ago I opened a statement from Washington Mutual, now Chase. I don't usually open stateme |
Wed, 11 Mar 2009 02:01:17 -0400
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 | The Chinese, having cornered the market on everything else, are now looking to buy Volvo. I would think that this is good news for all the yuppies buying safe foreign made cars. Volvo has had one of the best crash test results running and the last ti |
Mon, 02 Mar 2009 21:54:33 -0500
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 | It's the inhumanity of this man — that he can go around depriving people of their livelihoods.
ELIE WIESEL, Nobel Peace Prize winner, on mega-swindler and "psychopath" Bernie Madoff, whose Ponzi scheme wiped out $15.2 million from the Holocaust su |
Mon, 02 Mar 2009 01:15:53 -0500
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 | Here's a list for you. 162 pages of very small type containing the names of people involved in Madoff's swindle. I can't give myself enough credit for the title of this article. It's the kind of stuff that as a reporter I used to drool over.
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Sun, 01 Mar 2009 05:00:00 -0500
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 | So I bought some software a while back off a web site. Paid for it, downloaded it, and used it. I know what you're thinking. I got ripped off and I'm an idiot for having purchased something online.
Actually I didn't get ripped off. I'm still using t |
Wed, 18 Feb 2009 01:56:46 -0500
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