J.P. Morgan, FDIC tangle over responsibility for WaMu liabilities

Read about it at washingtonpost.com, linked HERE

2010 worst year for bank failures since 1992

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The idea of [the banks] betting against deals lies at the center of a number of ... investigations

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From Pro Publica: A justice on New York's supreme court testified before House lawmakers that he's seen problems in foreclosure cases "on a recurrent basis [20]" and that questions of legal standing have become "a pervasive issue."

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Moody's Warns It Could Downgrade Spain Banks

All the goodness HERE

Foreclosures in Most U.S. States Bypass Judges, Easing Way for Evictions

Read about it HERE

State Budget Crisis 'Largest Threat To The U.S. Economy' (VIDEO)

Read about it HERE, and watch the video too!

Investors awarded more than $5 million in punitives in suit against the servicer of the loan pool

Check it out HERE

Paul Krugman: "what did we learn about what happens when an ideology backed by vast wealth and immense power confronts inconvenient facts. And the answer is, the facts lose."

Krugman with another nice piece HERE

Foreclosure Defense Attorneys trying to stay afloat amid improper evictions of clients with contingency fee agreements

Check it out HERE

Judges might have "inadvertently contributed to the creation of the foreclosure crisis by accepting, without question, the submissions of lending institutions seeking foreclosure" says NY Supreme Court Justice

Check it out HERE

False Attorney Signatures Cast New Doubts on Foreclosures

All the goodness HERE

Bank of America lifts foreclosure freeze

Bank of America lifts foreclosure freeze | Money & Company | Los Angeles Times

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Robo signers' company sues foreclosure defense attorneys

Nationwide Title goes on attack against vocal critics - St. Petersburg Times

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NYT article: "A Secretive Banking Elite Rules Trading in Derivatives" -- in other words, nothing new here.

Read all the goodness HERE

Major Foreclosure Contractor Underplayed the Extent of Document Flaws

Read all the goodness HERE

From Nov 17, 2010 - FDIC delays commission report on Wall Street, citing "very powerful interests seeking to undermine the commission"

This is better than fiction!

Read all about it HERE

Speaking of state bond problems...

The Next Crisis

Simon Johnson, one of the Authors of 13 Bankers, reflects on Euro woes as China's opportunity ..

Open Me

This gem from inside:

"In fact, the Irish leadership has every incentive to delay until other countries can be dragged into turmoil. The crisis will become euro-zone wide, at which point all eyes will turn to some combination of the European Central Bank, the German taxpayer, and the IMF." (emphasis added).

Scared yet?  Once this occurs, keep your eye on the impending bond problems in California, Illinois, and New York, among other states.

Banks reportedly in talks to settle SEC bond probe

SEC, Banks Discuss CDO Settlements - WSJ.com

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Federal Reserve Opens its Books on the $9 TRILLION in loans given to Wall Street during the crisis - yes, $9 TRILLION

All the scary goodness is being reported HERE
$9 TRILLION -- that is $9,000,000,000,000 in loans (at .5% interest) given to the banks and others (McDonalds?? Harley Davidson??).

One has to wonder, with $9 trillion in loans to the banks, backed by $9.5 trillion on junk securities (i.e. its worth closer to $0, NOT $9.5 trillion), how is the Federal Reserve going to get out of this mess ..... this is not good.

Mass. County Recorder Challenging MERS - did it illegally avoid paying millions in recording fees?

Click me to read all about it