litigation

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The Foreclosure Fraud Fantasy

A deal does not fix the housing market; it only makes things worse by permanently entrenching all this systemic fraud into the U.S. legal system. It throws away the states’ right to compensation at a time when they still don’t have the slightest idea of the total extent of Wall Street fraud.

9Feb2012 | | 3 comments | Continued
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The Ratings Agencies, Part II: Fiduciary Duty

Clearly, with S&P claiming that its rating is merely some worthless, ornamental decoration which is tacked-on to various financial products, there should be no possible reason for the rabid theatrics of the U.S. government which followed. It is only in a marketplace where the vast majority of participants are ignorant about these disclaimers that the reaction of the U.S. government is rationale…

24Aug2011 | | 0 comments | Continued
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The Ratings Agencies, Part I: Experts or Charlatans?

… supposedly our legal systems don’t allow a group of people to call themselves “experts” when they are pocketing fat fees for their analysis/assessment of the quality of complex financial products; and then to say “Just kidding. We’re not experts, and no one should base any financial decision on our opinions” once such “opinions” have been shown to be severely flawed.

22Aug2011 | | 0 comments | Continued
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The Real Nightmare of U.S. Mortgage-Fraud

U.S. banksters (with Bank of America being one of the worst offenders) have flooded U.S. land-title registries (and even U.S. courts) with millions of fraudulent and/or forged documents. With the banksters themselves willingly trafficking in such forged documents, and willingly taking part in millions of fraudulent transactions, they have now made it simple for “freelance scammers” like Karen Tappert to rip-off victims with impunity.

20Jun2011 | | 2 comments | Continued
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ML-Implode Exclusive: Foreclosure Expert Mildred Wilkins Blasts Industry in “Fraudclosure” Report

In a new report entitled “The Title Crisis: Clouded at the Core”, Foreclosure Intervention Specialist (and former Fannie Mae Broker-Specialist) Mildred Wilkins lays out what is really going on underlying the “fraudclosure” scandal. The report is a response to bank and government propaganda that the crisis has been “looked into and resolved,” after the furor [...]

19Dec2010 | | 7 comments | Continued
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In Bizarre Ruling, Maryland Court Denies ML-Implode.com Anti-SLAPP Motion Against Downpayment Launderer

In what is sure to go down in free speech history as a gross error, if not a blatant miscarriage of justice, ML-Implode.com has been denied its motion for anti-SLAPP dismissal in the Maryland lawsuit, Russell vs. Krowne (et al.) (a-k-a Global Direct Sales and The Penobscot Indian Tribe vs. Implode-Explode Heavy Industries, Inc./ML-Implode.com). The [...]

13Jul2010 | | 17 comments | Continued
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ML-Implode Wins Reversal In NH Supreme Court Case; Re-Posts Materials on Mortgage Specialists’ Fraud

In a resounding ruling for free speech, the New Hampshire Supreme Court has reversed a superior court’s ruling ordering the Implode-o-Meter web site to take down contributed materials and divulge the identity of a whistleblower.

6May2010 | | 14 comments | Continued
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Predatory Loan Modifications

I would wager to say that you have seen nothing like this presented before. That is because most so-called audit firms have not got a clue about what they are doing. They simply buy TILA/RESPA software so as to determine if the disclosure requirements were met. They have NO UNDERSTANDING of Predatory Lending and what can be offered by competent persons doing such exams.

4May2010 | | 70 comments | Continued
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Eastern Savings Bank In The Crosshairs

The Law Firm taking action against Eastern Savings Bank is considering a major Class Action Lawsuit. It is expected to involve hundreds of plaintiffs, and since it would be in Federal Court, may allow for Plaintiffs from all 50 states. Those who currently have Eastern loans, and those who had the loans and refinanced, and those who were foreclosed upon would all likely qualify for this action.

2May2010 | | 144 comments | Continued