Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Posts Tagged ‘mortgage abuse’

Mortgage Foreclosure Abuse: The Fight Continues

Posted by Larry Doyle on January 27th, 2014 8:28 AM |

I wish I had the silver bullet to address and fix the rampant abusive practices that have transpired within the mortgage servicing entities of many of our large banks and elsewhere.

I don’t.

That said, the ongoing problematic issues within mortgage servicing practices remain prevalent. How do I know? I hear from people entangled in this mess on an ongoing basis.

In my opinion, these issues go right to the core of what I believe is the problem with the structure of our banking industry in America today. That problem centers on the fact that we have a few banks (e.g., JP Morgan Chase, Bank of America, Wells Fargo) that dominate the market, especially within the mortgage realm.

As many longtime readers of my blog are aware, this economic structure known as an oligopoly allows, if not promotes, the following abusive type practices: (more…)

Mortgage Settlement Pisses Into the Wind

Posted by Larry Doyle on February 12th, 2012 5:34 PM |

In a nation now all too familiar with a “too big to fail” banking system, a heavily manipulated and high frequency dominated equity market, and an incestuous financial regulatory system, we should not be surprised with a mortgage settlement that does little more than ‘piss into the wind’.

Pardon my cynicism, but one does not need to look too deeply into the recently announced mortgage settlement to understand there is little in the way of meaningful justice embedded in this contrivance. (more…)

Obama’s Big Problem is ‘The Big Picture’

Posted by Larry Doyle on April 25th, 2011 8:55 AM |

Things could be so much worse.

Really?

Try telling that to an individual ravaged by an investment scam, sold out by financial regulators, abused by her bank, and left paying substantially more at the gas pump and checkout line.

If these travesties were not bad enough, how do you think this individual may feel about the lack of real justice meted out against those individuals and organizations which perpetrated obvious scams and abuses? How do you think this individual may vote in upcoming elections? (more…)






Recent Posts


ECONOMIC ALL-STARS


Archives