by Zach Carter | Oct 18, 2010 | Blog
The bank lobby is spreading a host of silly myths about the foreclosure fraud outbreak in an effort to downplay the scandal and minimize concerns over potential bank losses that have emerged in the blogosphere. Housing Wire’s Paul Jackson spouts most of them in his...
by Zach Carter | Oct 15, 2010 | Blog
A lot of frequently credible publications have been pumping out drivel lately blaming borrowers for the ever-widening foreclosure fraud scandal. Fortune Magazine has the latest of these blame-the-borrower narratives. It would be nice to be able to dismiss this kind of...
by Zach Carter | Oct 15, 2010 | Blog
Chris Hayes from The Nation talked to me for his excellent weekly podcast, The Breakdown. We're talking about foreclosure fraud, mortgage-backed securities fraud, illegal mortgage fees, and all kinds of really nasty things happening on Wall Street. Give it a listen:...
by Zach Carter | Oct 12, 2010 | Blog, Financial Reform
If senior White House adviser David Axelrod’s comments this weekend are any indication, the Obama administration is woefully misreading the foreclosure fraud crisis currently gripping the U.S. economy. Axelrod refused to commit the administration to a national...
by Zach Carter | Oct 12, 2010 | Blog
There are plenty of reasons why the foreclosure fraud crisis sweeping the nation's housing market is an economic disaster. Banks are charging borrowers illegal fees, kicking the wrong people out of their homes and even hiring thugs to illegally break into houses. But...
