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Banks Reach Settlements
on Mortgages
New York Times, by Jessica Silver-Greenberg
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Original Article
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Posted By:JoniTx, 1/7/2013 1:32:30 PM
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| Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages that soured during the housing crash, mostly loans issued by the bank’s Countrywide Financial subsidiary. Separately, federal regulators reached an $8.5 billion settlement on Monday to resolve claims of foreclosure abuses that included flawed paperwork used in foreclosures and bungled loan modifications by 10 major lenders, including JPMorgan Chase, Bank of America and Citibank. About $3.3 billion of that settlement amount will go toward Americans who went through foreclosure in 2009 and 2010, while $5.2 billion will
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Reply 1 - Posted by:
heartlandconservative, 1/7/2013 1:42:33 PM (No. 9103403)
Smoke, mirrors and smelly fertilizer.
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Reply 2 - Posted by:
Redneck In NY, 1/7/2013 1:50:46 PM (No. 9103416)
Something smells here....the Gov forced banks to make risky loans (CRA), then when the bubble bursts, the Gov blamed the banks. The media and low info peoples went along with it, making the banks out to be evil robber barons. NOW, the banks are settling to stave of Gov prosecution?
Something smells here...
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Reply 3 - Posted by:
bubby, 1/7/2013 2:07:11 PM (No. 9103447)
So these people who bought homes with no money down and then defaulted will get paid for what - the humiliation, the inconvenience, for being ignorant, for being unable to balance a checkbook or manage their own finances? Just another form of redistribution of wealth to idiots.
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Reply 4 - Posted by:
JimJr, 1/7/2013 2:19:09 PM (No. 9103471)
Extortion. The "regulators" haven´t found any "smoking guns" and really don´t want to finish going through the mountains of mortgage documents. The bank really doesn´t want them there either (think audit on steroids). So the government says, give us back $10B that we gave you and we´ll go away. And like every "settlement" the details are kept secret. So yes, #2, this stinks.
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Reply 5 - Posted by:
horacer, 1/7/2013 2:44:22 PM (No. 9103512)
Linda Green was unavailable for comment, all 22 of her.
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Reply 6 - Posted by:
lakerman1, 1/7/2013 3:00:50 PM (No. 9103535)
It is much easier to pay the tribute to the federal government than to fight them in court.So the deadbeats who didn´t pay their mortgages, many of whom extracted maximum equity by remortgaging, are rewarded? And those of us who paid our mortgages are laughed at?
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Reply 7 - Posted by:
whyyeseyec, 1/7/2013 3:47:00 PM (No. 9103609)
Meanwhile, Bernanke continues to print money, give it to the banks at 0% interest, then the banks in turn lend that money right back to the govn at 3%. Lending back to the govn is mush less risky than lending to the general public, so the working taxpayers are paying for the govn to rip them off.
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Reply 8 - Posted by:
volksford, 1/7/2013 7:00:32 PM (No. 9103870)
BOA..? no sweat, they will pay it off with our money
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Reply 9 - Posted by:
Heil Liberals, 1/7/2013 9:01:26 PM (No. 9103988)
Just a new tax on the 1%.
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Reply 10 - Posted by:
ColonialAmerican1623, 1/8/2013 12:17:21 AM (No. 9104228)
The comments after the article were very interesting, espcially one that said people are trained to think your neighbors are deadbeats. Truth is many that lost their homes had fixed mortgages and a good downpayment, they just lost their income, then their savings.
Funny that this revelation should come after December 31 and anyone who´s mortgage is writen off will get a 1099 and hefty tax bill.
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Below, you will find ...
Most Recent Articles posted by "JoniTx"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "JoniTx"
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Violent crime spiking in
wealthy Manhattan neighborhoods
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New York Post, by Jessica Simeone, Kevin Fasick*
Original Article
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Posted By: JoniTx- 4/13/2013 9:06:40 PM
Post Reply
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Some of Manhattan’s wealthiest neighborhoods are exploding in a wave of violent crime that hearkens back to the bad old days when people feared going out at night, according to NYPD data obtained by The Post. Chelsea, Gramercy Park, TriBeCa, SoHo and Midtown South all posted a frightening rise in rapes in the first three months of 2013 compared with the same period in 2012. Felony assaults in the usually peaceful West Village nearly tripled, the new crime statistics show. Greenwich Village’s 6th Precinct tied the Rockaways’ grimy 100th Precinct for the city’s biggest year-to-date overall
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Margaret Thatcher´s Methodist
roots at heart of funeral
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Telegraph [UK], by Patrick Hennessy
Original Article
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Posted By: JoniTx- 4/13/2013 8:52:32 PM
Post Reply
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The service, due to take place on Wednesday, is to be attended by 2,300 dignitaries and is expected to be the biggest since the death of the Queen Mother in 2002. The choice of the Charles Wesley composition, reflects the wishes of the former prime minister that the faith passed down to her by her father, Alderman Alf Roberts, should be marked at the service on Wednesday. Other pieces of music include John Bunyan’s 1684 hymn To Be a Pilgrim (He Who Would Valiant Be), the patriotic choice I Vow To Thee My Country and Psalm 84,
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Man Gets 7 Years for Stealing
Obama´s Teleprompter
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NBC 5 (Chicago IL), by Larry O´Dell
Original Article
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Posted By: JoniTx- 4/13/2013 4:49:42 PM
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A career criminal who stole a truck containing President Obama´s audio equipment was sentenced Thursday to seven years in federal prison. Sentencing guidelines called for a term of about three years, but Eric Brown of Richmond, Va., agreed to the longer sentence to avoid prosecution for 14 similar truck thefts in three localities. However, he could still face charges in Stafford County, which did not join Chesterfield, Hanover and Henrico counties in the agreement. Brown pleaded guilty in January to theft of government property. "The theft of government property is a serious offense,"
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1,500 Page Immigration Bill to Drop
One Day Before Only Hearing?
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Breitbart Big Government, by Matthew Boyle
Original Article
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Posted By: JoniTx- 4/13/2013 4:29:08 PM
Post Reply
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According to an ABC News report, senators from the bipartisan “Gang of Eight” pushing immigration reform are expected to drop their bill, estimated at around 1,500 pages, on Tuesday, mere hours before the only scheduled Senate hearing on the topic. “A bipartisan group of senators plans to introduce its long-awaited immigration bill on Tuesday, Senate sources confirmed to ABC News,” Jim Avila and Jordan Fabian wrote on Friday. “Four Democrats and four Republicans, known as the ´Gang of Eight,´ wrapped up months of hard-fought negotiations this week and will put forth a bill that includes a pathway
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Billionaires, Rappers, and Former
Lobbyists Give to OFA
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Washington Free Beacon, by Alana Goodman
Original Article
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Posted By: JoniTx- 4/13/2013 4:15:14 PM
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President Barack Obama’s advocacy organization Organizing for Action (OFA) raised over $4.8 million from first-quarter donors, including the chairman of a major lobbying firm, wealthy progressives affiliated with the secretive Democracy Alliance, and a member of popular 1990s hip-hop group the Fugees, according to a list of first quarter contributors released by the group today. OFA has agreed to disclose limited information about its $250-and-up donors on a quarterly basis. The group, which evolved out of President Barack Obama’s campaign arm, had previously been criticized for evading mandatory donor disclosure by registering as a 501(c)(4) nonprofit group.
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Russia Bans Former Top Bush Admin
Officials and Gitmo Commanders
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ABC News, by Kirit Radia
Original Article
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Posted By: JoniTx- 4/13/2013 2:34:43 PM
Post Reply
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MOSCOW – Russia slapped sanctions on a pair of former top Bush administration officials, two former commanders of the Guantanamo detention center, and 14 other Americans in retaliation for a set of human rights sanctions the Obama administration imposed on a number of Russian citizens on Friday. In a statement, Russia’s Foreign Ministry said it was forced to respond to the American “blackmail,” which it warned would harm US-Russia relations. The Kremlin had prepared a list of over 100 American officials in advance of Friday’s announcement, warning its response would be proportionate to the Obama administration’s actions.
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Poland unveils giant
statue of John Paul II
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Associated Press, by Staff
Original Article
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Posted By: JoniTx- 4/13/2013 12:58:22 PM
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CZESTOCHOWA, Poland — A giant statue of the late Pope John Paul II billed as the world´s tallest has been unveiled in southern Poland. Archbishop Waclaw Depo unveiled the statue of the Polish pontiff Saturday in the southern city of Czestochowa, the home of this predominantly Catholic nation´s most famous pilgrimage site, the Jasna Gora monastery. The white fiberglass figure rises about five stories, or nearly 14 meters (more than 45 feet), on a hill overlooking the city. It was funded by a businessman, Leszek Lyson, in gratitude for what he believes was
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Television Viewer Prompts Rules
Committee To Issue Penalty To Tiger
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Associated Press, by Staff
Original Article
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Posted By: JoniTx- 4/13/2013 12:18:42 PM
Post Reply
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AUGUSTA, Ga. — Tiger Woods was assessed a two-stroke penalty Saturday for his drop in the second round of the Masters, but was not disqualified. Below is the Masters’ statement on the decision: “Yesterday afternoon, the Rules Committee was made aware of a possible Rules violation that involved a drop by Tiger Woods on the 15th hole. “In preparation for his fifth shot, the player dropped his ball in close proximity to where he had played his third shot in apparent conformance with Rule 26. After being prompted by a television viewer, the Rules Committee reviewed a video of the shot
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NASA’s Wallops Island facility
in Va. prepares for the spotlight
with Antares rocket launch
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Associated Press, by Staff
Original Article
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Posted By: JoniTx- 4/13/2013 12:14:07 PM
Post Reply
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WALLOPS ISLAND, Va — On one of Virginia’s small barrier islands, a NASA facility that operates in relative obscurity outside scientific circles is preparing to be thrust into the spotlight. On Wednesday, Orbital Sciences Corp. plans to conduct the first test launch of its Antares rocket under a NASA program in which private companies deliver supplies to the International Space Station. If all goes as planned, the unmanned rocket’s practice payload will be vaulted into orbit from Wallops Island before burning up in the atmosphere on its return to Earth several months later. The goal of the launch isn’t
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Angry crowd asks for retribution
after South Side killing
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Chicago Tribune, by Rachael Levy & Peter Nickeas
Original Article
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Posted By: JoniTx- 4/13/2013 12:00:21 PM
Post Reply
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The shooting of a 34-year-old man Friday night pulled a crowd of angry people onto a chilly South Side street where they loudly called for retribution against the man suspected of the killing. About 100 residents of the apartment complex where Kevin Sanders was killed circled the front door of a building where the alleged shooter had holed up. The suspect, who police said had been shot in apparent retaliation, had gone there after the shooting. It´s not clear what set off the violence. Sanders, 34, had been shot about 11:10 p.m. in a courtyard between buildings in
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2 dead, 9 wounded
since Friday evening
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Chicago Tribune, by Rachael Levy & Peter Nickeas
Original Article
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Posted By: JoniTx- 4/13/2013 11:52:58 AM
Post Reply
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Two men were killed and nine other people wounded in shootings across the city between Friday afternoon and early Saturday morning, from the Old Irving Park neighborhood on the Northwest Side south to the South Chicago neighborhood near Lake Michigan. The 34-year-old man killed in the South Chicago neighborhood late Friday night was pronounced dead at Advocate Trinity Medical Center about midnight after someone shot him just after 11 p.m. in the 8700 block of South Burley Avenue. (Snip) Police said the man they arrested in connection with the shooting, who had also
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Most Active Articles (last 48 hours)
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The Golf World Is Outraged That
Tiger Woods Didn´t Get Disqualified
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Business Insider, by Tony Manfred
Original Article
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Posted By: SoCalGal- 4/13/2013 1:56:27 PM
Post Reply
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Pro golfers, golf writers, and TV commentators are up in arms that Tiger Woods was only given a 2-stroke penalty for his illegal drop on the 15th hole yesterday. Tiger said last night that he dropped his ball two yards behind his previous spot, clearly violating the rule that you must drop "as nearly as possible" to your original spot. Golf people are not happy about it. They say that the new rule is B.S. (or it´s at least being misinterpreted), and Tiger should DQ himself to save the integrity of the game.
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From Dehumanizing Word
Games to Gosnell
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
Post Reply
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Obamacare Architect: Affordable
Care Act ´Beyond Comprehension´
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: KarenJ1- 4/12/2013 9:51:16 PM
Post Reply
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Sen. Jay Rockefeller (D-WV), one of the architects of the Affordable Care Act, said on Tuesday that the healthcare law, set to go into full effect in less than eight months, is “probably the most complex piece of legislation ever passed by the United States Congress” and “is just beyond comprehension.” Rockefeller said he is concerned that early missteps with implementing the healthcare overhaul may cascade into confusion and chaos. The law, said Rockefeller, is “so complicated and if it isn’t done right the first time, it will just simply get worse.” Rockefeller’s consternation echoes comments made earlier this
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Philly Abortion Clinic
Workers Saw Few Options
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Associated Press, by Maryclaire Dale
Original Article
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Posted By: JoniTx- 4/12/2013 7:28:32 PM
Post Reply
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They say they were just doing what the boss trained them to do. But eight former employees of a run-down West Philadelphia abortion clinic now face prison time for the work they did for Dr. Kermit Gosnell. Three have pleaded guilty to third-degree murder. And Gosnell, 72, is on trial in the deaths of a patient and seven babies allegedly born alive. In testimony at the capital murder trial this past month, an unlicensed doctor and untrained aides described long, chaotic days at the clinic. They said they performed grueling, often gruesome work for little more than minimum wage,
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The Decline of Obama
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Weekly Standard, by Fred Barnes
Original Article
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Posted By: StormCnter- 4/13/2013 5:13:17 AM
Post Reply
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With President Obama, there’s always a catch. In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security. It’s a technical change in pursuit of honesty and good government. And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. Republican leaders in Congress ought to be delighted since they had “championed”—Obama’s word—the idea in the first place. Then came the catch. The president’s price for adopting this gentle reform was hundreds of billions in new tax increases.
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Leaving Blue New York, Boo-Hoo
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Irish Examiner USA, by Alicia Colon
Original Article
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Posted By: Drive- 4/12/2013 6:44:47 AM
Post Reply
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Only one of my six children has left New York for economic reasons but the strain of living in this expensive nanny state is weighing heavy on my other five and their families. As a native New Yorker, I´ve seen its middle class population decline over the years due to its neglect of blue collar families which is ironic since this is a Democrat city. With the recent arrests of several local politicians for corruption perhaps New Yorkers will pay more attention to those they put in office. Given their past indifference in local elections this is highly unlikely.
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1,500 Page Immigration Bill to Drop
One Day Before Only Hearing?
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Breitbart Big Government, by Matthew Boyle
Original Article
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Posted By: JoniTx- 4/13/2013 4:29:08 PM
Post Reply
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According to an ABC News report, senators from the bipartisan “Gang of Eight” pushing immigration reform are expected to drop their bill, estimated at around 1,500 pages, on Tuesday, mere hours before the only scheduled Senate hearing on the topic. “A bipartisan group of senators plans to introduce its long-awaited immigration bill on Tuesday, Senate sources confirmed to ABC News,” Jim Avila and Jordan Fabian wrote on Friday. “Four Democrats and four Republicans, known as the ´Gang of Eight,´ wrapped up months of hard-fought negotiations this week and will put forth a bill that includes a pathway
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Little Anthony Freemont´s
Twilight Zone is Our Reality
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American Thinker, by Doug Mainwaring
Original Article
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Posted By: Desert Fox- 4/12/2013 6:34:43 AM
Post Reply
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Remember little Anthony Freemont, played by cute little Billy Mumy, in one of the "Twilight Zone´s" most famous episodes? In the opening sequence Rod Serling informs us: "A monster had arrived in the village. Just by using his mind, he took away the automobiles, the electricity, the machines -- because they displeased him -- and he moved an entire community back into the dark ages -- just by using his mind. . . . and the people there have to smile. They have to think happy thoughts and say happy things because once displeased, the monster can wish them into a cornfield
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Boehner: I Don´t Need
GOP to Pass Gun Law...
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Breitbart´s Big Government, by Ben Shapiro
Original Article
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Posted By: KarenJ1- 4/12/2013 11:51:37 AM
Post Reply
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On Thursday, in the midst of ongoing national debate over prospective gun control and comprehensive immigration legislation, House Speaker John Boehner (R-OH) said that he didn’t need the approval of a majority of his own party to move forward with legislation. Referring to the so-called Hastert Rule, named after former House Speaker Denny Hastert (R-IL), which dictated that House leadership not bring up any bill for a vote without the support of a majority of the majority party, Boehner said, “Listen: It was never a rule to begin with.” Then, realizing the gravity of admitting
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Senate plan would make clogging
left lane a ticketable offense
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Tampa Tribune, by Bill Cotterell
Original Article
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Posted By: Hazymac- 4/13/2013 11:04:13 AM
Post Reply
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TALLAHASSEE - Picture this: You´re in the left lane of the interstate, driving a little below the speed limit, when some guy zips up behind you and swerves past you on the right. Then you notice the blue lights flashing. You´re savoring the satisfaction of seeing a trooper actually nab an aggressive driver — until you realize it´s you he´s pulling over. This could happen, if not very often, under a major transportation package expected to be taken up in the Senate Appropriations Committee next week. Introduced by Sen. Jeff Brandes, a St. Petersburg Republican, the bill is a 173-page
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Thatcher thought Britain
was worth fighting for
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Orange County Register (Ca), by Mark Steyn
Original Article
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Posted By: Desert Fox- 4/12/2013 5:58:55 PM
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A few hours after Margaret Thatcher´s death on Monday, the snarling deadbeats of the British underclass were gleefully rampaging through the streets of Brixton in South London, scaling the marquee of the local fleapit and hanging a banner announcing, "THE B@&$! IS DEAD." Amazingly, they managed to spell all four words correctly. By Friday, "Ding Dong! The Witch Is Dead," from "The Wizard of Oz," was the No. 1 download at Amazon UK. Mrs. Thatcher would have enjoyed all this. Her former speechwriter John O´Sullivan recalls how, some years after leaving office, she
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