Naming & Shaming powers ‘reserved’ : Consumers ‘still in the dark’ on crooked lawyers as identities of rogue solicitors & law firms yet to be published by Legal Ombudsman

Originally posted on A Diary of Justice & Injustice – Scotland:
Much promised Naming & shaming of rogue lawyers yet to happen in England & Wales MORE THAN TWO YEARS after much debate and numerous consultations which received widespread support from consumer groups and the Office of Fair Trading (OFT) for the Legal Ombudsman (LeO)…

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Great Story by David Dayen: Bank of America whistle-blowers

TUESDAY, JUN 18, 2013 07:45 AM EDT Bank of America whistle-blower’s bombshell: “We were told to lie” Bombshell: Bank of America whistle-blowers detail horrid schemes to fleece borrowers, reward foreclosures (UPDATED) BY DAVID DAYEN   TOPICS: BANK OF AMERICA, FORECLOSURE, MORTGAGE CRISIS, MORTGAGE FRAUD, MORTGAGE, HAMP,WHISTLEBLOWERS, EDITOR’S PICKS, LOANS, JP MORGAN CHASE, WALL STREET, BUSINESS NEWS, POLITICS NEWS   (Credit: Sashkin via Shutterstock/Salon) Bank of America’s mortgage servicing unit systematically liedContinue reading “Great Story by David Dayen: Bank of America whistle-blowers”

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REMIC Armageddon on the Horizon?

Originally posted on Deadly Clear:
It’s about time somebody recognized it.  David Reiss and Brad Bordon posted a dynamic review of the most recent ‘slap down the banks’ cases of Saldivar and Erobobo and the potential impact on the [failed] REMIC tax shelters in REFinBlog. David Reiss writes: “Brad Borden and I have warned that an unanticipated tax consequence of the…

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