Perhaps the republicans don’t think any Log Cabin Republicans would ever beat their spouses up on occasion.

Sounds like Obama comes trolling for votes in Massachusetts. Throws some cash around. Via a bank part owned by taxpayers in the first place.

The station pays ASCAP, SESAC or BMI – not the artist. It’s like if an artist has an issue with being played in a bar that serves alcohol, or has a criminally convicted owner.

It also seems to be why artists like Stevie Wonder, Kook&TheGang, EarthWind&Fire, and the estates of Rick James or Michael Jackson haven’t spoken up about Rush having recently used their music on his show. Despite Rush’s past racist comments.

What we need next is a law making the writing of bad checks okay.

If the banks can do it, why not consumers.

It’s amazing that doormen newsheads (I’m including Rachel Maddow in this one) don’t understand the variety or servicer abuses going on. There really are only a handful of aggressive journalists who get it. By that term, I don’t literally mean they live in doormen skyscrapers, but they might as well, by the distance between them and the heart of some stories they report on.

By the way, Phil Ting speaks.

And Bank Of America wants to reduce its business with Fannie Mae. Curious timing.

Politico is closer to The National Enquirer than it is to even The Washington Post. So it doesn’t surprise me that GT doesn’t see what others and even I saw in his story.

That Obama’s people feel the need to spin VaporWare still suggests the deal isn’t cohesive, or is actually falling apart. And the idea players are getting knifed behind their back (or other messier activities) might hasten the latter.

My timer is running on how long he allows himself to be Obama’s fool.

Housing Wire is claming Treasury will not allow the use of HAMP dollars by the banks in the settlement…

Treasury shields HAMP dollars away from AG settlement

“There is no way that we would allow federal dollars used for HAMP principal reduction or Hardest Hit Fund programs to be used for servicer credit under the settlement,” said Darius Kingsley, chief of homeownership preservation office at the Treasury, in an interview with HousingWire.

Since it will be these guys against Obama, do they miss the point that their position is easy to explain? Big money in politics? An entity to be defeated for true democracy to survive over plutocracy. People will vote against their very presence as the ersatz GOP on the ticket. SuperPacs could instead be the very reason for the collapse of the 2012 republican vote across the political landscape.

Daniel Fisher, the industry lobbyist at Forbes, is actively trying to discredit the company Ting used to conduct the audit…

Mortgage-Audit Firm — Surprise! — Finds Lots of Errors in Foreclosures
http://www.forbes.com/sites/danielfisher/2012/02/16/mortgage-audit-firm-surprise-finds-lots-of-errors-in-foreclosures/

San Francisco’s report will be ignored and downplayed to the best of all the AGs abilities. An underling, a freaking underling, came up with a report that shows the big brass have all been avoiding their duties. Making them all look bad. So now, Ting’s a bug that has to be crushed. And all those like him who suddenly think their prospects will improve if they do the same in their own states.

No, the work will go to shutting down actual investigations, rather than actually investigating foreclosure processes and fraud. Especially on the consumer side.

The lobbyists haven’t told Timmeh who to install yet, it would appear.

Voters… oops, I mean Borrowers… are screwed.

Lobbyists… dang, there I go again… I mean investors… are saved.

Bank Mortgage Securitization Probes Will Proceed, Say New York, Delaware
http://www.bloomberg.com/news/2012-02-16/bank-mortgage-securitization-probes-will-proceed-say-new-york-delaware.html

“We are all committed to pursuing real investigations for all the areas that we are still able to investigate, specifically and most importantly on the securitization side,” Biden said in an interview. “You’re going to see a real effort on our part and the New York attorney general to pursue the securitization pieces of this to wherever it takes us.”

Note that that San Francisco investigation did not come up…

Memory Lane on Secretary of State William Galvin and BofA.

In the early to mid ’90′s, Fleet Bank was found guilty of redlining, and giving unfavorable terms to minorities regarding all areas from checking/savings accounts to loan terms. The remedy? Fleet basically had to accept every minority applicant at approved terms.

Fleet was eventually bought by Bank of America. So it’s not like any bank that repeated that behaviour should expect to get away with it. Especially one that bought the one that got whacked for previous crimes.

The McClatchy article doesn’t seem to note that Bank Of America was made to do this earlier. It’s really just about making the others do the same thing.

And, one more head scratcher. (Proof of No Terms, perhaps?)

Nevada strikes separate $780 million settlement with BofA
http://www.housingwire.com/article/nevada-strikes-separate-780-million-settlement-bofa

Nevada Attorney General Catherine Cortez Masto struck a separate deal with Bank of America ($8.18 0%) in conjunction with the $25 billion foreclosure settlement this week.

FYI, BofA’s stock price hasn’t really moved since yesterday. Many of the other four were down a little earlier.

And oh, by the way…

Bank of America Subpoenaed by Massachusetts in Collateralized-Loan Probe
http://www.bloomberg.com/news/2012-02-10/bofa-subpoenaed-by-massachusetts-in-collateralized-loan-obligations-probe.html

“My securities division is investigating these CLOs to determine if the issuer was knowingly over-valuing the assets in the portfolio to get them off their books and onto investors,” Galvin said in the statement. “What did the issuers know at the time of the sales and were the assets being priced truthfully?”

Now that this problematic detail has escaped, I’m guessing the MSNBC AG “Just Bend Over” Tour is over too.

Mr. D…

This week you and Yves have been beyond available compliments.

I would buy you a beer, but we all need you at the top of your game.

I would buy you a coffee, but you are clearly keyed up without more caffeine.

Hopefully you actually get some rest over the weekend.

NYT Says the deal is done.

States Negotiate $25 Billion Deal for Homeowners
http://www.nytimes.com/2012/02/09/business/states-negotiate-25-billion-deal-for-homeowners.html?_r=1&hp

Despite the billions earmarked in the accord, the aid will help a relatively small portion of the millions of borrowers who are delinquent and facing foreclosure. The success could depend in part on how effectively the program is put into effect because earlier efforts by Washington to help troubled borrowers aided far fewer than had been expected.

Officials will also be able to pursue any allegations of criminal wrongdoing. In addition, a lawsuit Mr. Schneiderman filed Friday against MERS, an electronic mortgage registry responsible for much of the robo-signing that has marred the foreclosure process nationwide, and three banks, Bank of America, JP Morgan Chase and Wells Fargo, will also go forward.

Criminal Affirmance

use this link instead.

http://works.bepress.com/mary_ramirez/5/