Truthout – Personally Invested in Mortgage Banks, House Republican Opposes Fix for “Foreclosure-Gate”
Personally Invested in Mortgage Banks, House Republican Opposes Fix for “Foreclosure-Gate”
Saturday 16 October 2010
(Photo: republicanconference / Flickr)
Widespread reports about “robo-signers” — bank officials who would sign foreclosure forms without even reading them — have lead many business reporters to dub the crisis of potentially illegal bank foreclosures as “foreclosure-gate.” For example, a Bank of America official admitted in a bankruptcy case that she signed 7,000 to 8,000 foreclosure documents a month and “typically” did not read them “because of the volume.” Responding to this crisis, many lenders, like Bank of America, JP Morgan, and Ally Financial, have halted foreclosures, while Democratic lawmakers and a cadre of a bipartisan state attorney generals have called for a wider foreclosure moratorium and investigations into the banks’ practices.
Climate Progress – Yale profile of Wunderground.com’s Jeff Masters: “The ignorance and greed that human society is showing [on climate change] will be to our ultimate detriment and possible destruction.”
From Climate Progress:
October 16, 2010
Journalist Julie Halpert has a terrific Yale Forum profile of the prolific uber-meteorologist. Masters, a CP favorite, pulls no punches on global warming. The piece is excerpted below.
From Crooks and Liars:
By Nicole Belle