Monthly Archive: October 2010
Latest Posts
The Fed Bought Fraud
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com In the wake of the financial meltdown of 2008, the Federal Reserve announced it would buy mortgage-backed securities, or MBS. The January announcement by the Fed said it would buy MBS from failed mortgage giants Fannie Mae
The Six Trillion Dollar Problem
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com When I was an investigative reporter at the networks, the first question we would ask when trying to decide if we wanted to do a story was: How many? How many people have been hurt by a
The Perfect No-Prosecution Crime
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com (revised) Did you know that in the aftermath of the Savings and Loan (Thrifts) scandal there were more than a thousand felony convictions of financial elites? The cost of the wrongdoing associated with the rip-off and closure
Time to Break Up the Too-Big-To-Fail Banks?
on: by Greg Hunter
In January of 2009, I wrote a post called “Default Option.” My outrageous plan was to simply let the banks fail. Some people told me that was an unthinkable way to handle the financial meltdown, but I still think otherwise. Yes,
Who Really Owns Your Home?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com There are some big questions facing the real estate market after the foreclosure fraud story exploded in the last few weeks. The number one question for anyone who has a mortgage is “Who really owns your home?”
Could a Dollar Crash Be Coming Soon?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com It’s official. The economy is in trouble. The Fed seems to be hitting the panic button and is sending numerous clear signals that it will print more money to push up the economy. The Fed has already
Bank Shot
on: by Greg Hunter
What a week for real estate! The mortgage document fraud investigation kicked into high gear with all 50 state attorneys general opening investigations. There are calls for criminal investigations, and trial attorneys smell blood over allegations of fraud many say will
Fear, Desperation and Doom Describe the Housing Market
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com It has been called foreclosure gate, robo signing, foreclosure fraud or just sloppy paperwork; but no matter what you call it, it’s signaling a new financial meltdown for the U.S. economy. The securitized mortgage debt created in
What is Happening Now and Where are We Going?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com Gerald Celente is the founder of The Trends Research Institute. He’s been forecasting future trends since 1980. Today’s financial economic and political climate is volatile and unpredictable for most of us, but not Celente. He has made
Did Congress try to Legalize Foreclosure Fraud?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com A bill that will make it more difficult to challenge improper foreclosure is going to be Vetoed by President Obama according to a Wall Street Journal story. The bill quietly slipped through the Senate last week with
Record High Gold all about Fear
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com There has been one record high after another for gold. They say the markets are ruled by fear and greed. In this case, it is simply fear that is driving the yellow metal higher day after day.
Could Foreclosure Fraud Cause Another Banking Meltdown?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com This weekend, Bank of America became the latest lender to delay all foreclosures in 23 states because of possible problems with the necessary documents needed to repossess a home. GMAC Mortgage and JP Morgan Chase have had similar
The Fallacy of ‘Bailing Out’ U.S. Cities and States
on: by Greg Hunter
I want to revisit something banking analyst Meredith Whitney said this week on CNBC about the huge financial insolvency problems facing many U.S. states. She said, “You have to look at the states and the risk that the states pose, because