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Leaked Federal Reserve Doc: Go from paper homeowner instruments to electronic. Foreclosure fraud? What fraud?

Updated with what you can do, resources to check out and court cases. “Obviously an effort to introduce Federal legislation in support of a national electronic mortgage and mortgage note transfer system is a very ambitious effort,” Thomas C. Baxter, Jr., General Counsel and Executive Vice President of the New York Federal Reserve Bank wrote. … … Continue readingLeaked Federal Reserve Doc: Go from paper homeowner instruments to electronic. Foreclosure fraud? What fraud?

Sen. Charles “Chuck” Schumer’s Economic Crisis Hypocrisy

“The Glass-Steagall Act of 1933 evolved from the bitter experience of the Depression, when American banking was in shambles. Left free to speculate in the 1920’s, banks naturally looked where profits seemed highest, and were inevitably drawn into risky propositions. When a few banks failed, depositors nationwide panicked. Runs on banks pushed this country over the brink of financial disaster.” … … Continue readingSen. Charles “Chuck” Schumer’s Economic Crisis Hypocrisy