Attorney General Eric Holder spoke at the Distressed Homeowner Initiative Press Conference on October 9. Seems to have been mostly fluff and void of any real substance. In an effort to sound as though the administration is actually doing something and might care, Holder said:
Having worked in restaurants, tech support, and as a reporter, Zombeck has developed and cultivated a cynical view when it comes to human nature and behavior.
Zombeck founded Home Preservation Network (HPN) in an effort to educate and inform the public about issues relating to foreclosure and the financial crisis in America, and to expose the individuals and entities that are working against the public interest.
The HPN community provides resources in the form of information, news articles, homeowner stories, vetted service providers, foreclosure advocates and journalists. Several of the most knowledgeable and well respected experts collaborate on HPN in a single collective effort to assist and educate homeowners and consumers.
Additionally, HPN provides resources and potential solutions to homeowners faced with foreclosure and issues relating to foreclosure.
Some places you can find him:
HuffPost Live TV: http://live.huffingtonpost.com/r/segment/50537cee02a760539300007f
Al Jazeera TV:youtu.be/_GU2hANUgRo
Jeff Santos Radio:www.revolutionboston.com/podcast/2011-09/2844
Neil Barofsky somehow showed up with a post on LinkedIn. It’s not as if he doesn’t have enough blogs willing to publish his stuff. Martin Andelman even managed to rope him into a podcast over on his site. in any case, he’s got a shorty called “Banks Rule While The Rest Of Us Drool*”. It’s, for the most part, a tame rant about the TBTF still being TBTF and their lobbying efforts to get bigger and less apt to be held accountable.
In it he writes:
Wells Fargo, the countries largest originator of loans, is being sued by federal prosecutors today for lying about the quality of loans it sold to the government. According to the suit, Wells concealed problems with over six thousand loans it had deemed “seriously deficient” from the Federal Housing Administration – the insurer of these crappy loans.
According to Manhattan U.S. Attorney, Preet Bharata who brought the case:
Attorney General Eric Schneiderman filed a lawsuit against J.P. Morgan Chase & Co. in civil court last week. The suit comes in part as a result of the mortgage task force formed in January by the Justice Department and which so far has not been very inspiring or impressive.
The complaint, according to marketwatch.com, alleges that Bear Stearns and its mortgage unit “committed multiple fraudulent and deceptive acts” in promoting and selling residential mortgage-backed securities. It alleges that the bank “systematically failed to fully evaluate the loans” while leading investors to believe that the securities have been “carefully evaluated.”