Add Wells Fargo to the list of banks admitting problems with foreclosure paperwork.

Read about it here

HAMP program funds go to lenders who kick people our of houses they have no right to take. If only someone was filing lawsuits saying this two years ago....

Read about it here

More news on the backdoor bailout.

Here Roubini gives a sober account of the economy and the Fed's efforts to ease the problems

Backdoor bailout, anyone?

NYT: Bernanke's Failure to Speak Ou

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The key question asked inside: who stands to gain from Back door bailouts?

All the goodness in here ...

Robo-Signers starting to come forward on their own.

Click here to read all about it

The HAMP program continues to disappoint.

HAMP actually causes people to lose their homes, says Watchdog

HAMP is a scam, the banks gert everything

BoA boasts of poor HAMP performance

Foreclosuregate Status - Karl Denninger provides a candid look at the foreclosure problem

Nicely done .. check it out here

Please take the time to listen to the audio from the KOH radio show - interviewee, a foreclosure defense attorney in Nevada, does an excellent job of exposing the credit default swaps and their use to incentivize the banks as they proft from defaults of loans.

Direct link here

Be sure to check out the first few minutes, a couple of minutes starting at 12:30 in.  Then listen to 16:30, and 42:30, right around 50:00 and then again at 70:00 and finally, at 78:00 in.

Investors Create Cleringhouse to Share Info on Bank Lawsuits

Read all about here at Neil Garfield's LivingLies blog.

A sober look at the state of our economy. States think they have problems now? As the damage done by the banks continues to trickle out (by design, mind you), State governments will begin to face significant budget problems.

Check it out here

Fore a cheery writeup on income inequality check out this article.

Top Fed Official On Government's Foreclosure Prevention Efforts: 'Three Years Of Failed Policies'

Read all about it here.
 
Want more?  "The Obama administration's signature anti-foreclosure effort, unveiled in 2009 with the promise of helping three to four million homeowners modify their mortgages, is such a failure that it now risks "generating public anger and mistrust," according to a federal audit released Monday."

Read about it here.

Robert Sheer, puts two and two together and asks: "How do you foreclose on a home when you can't figure out who owns it because the original mortgage is part of a derivatives package that has been sliced and diced so many ways that its legal ownership is often unrecognizable? "

Sound familiar?

Read the whole post here.