Tuesday, February 7th, 11 a.m. to noon Central (9-10 Pacific) on NoLiesRadio.org (archived here a few hours after broadcast).
Guest, Ellen Brown, author, Web of Debt, whose new article "Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg" calls on states' Attorneys General not to sign the proposed settlement agreement with banks that committed mortgage fraud. Why not? Because "the evidence to date suggests that 'robo-signing' was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008."
By the way, I hear that people who face financial difficulties due to adjustable-rate mortgages - or any mortgages they can't pay - have had increasing success fighting the banksters in court, thanks to the fact that so many mortgages are flawed or fraudulent. See http://www.foreclosureself-defense.com/
Labels: banksters, ellen brown, financial crisis, mortgage fraud, robo signed mortgages, robo-signing, web of debt