Monthly Archive: October 2010

Latest Posts

The Fed Bought Fraud

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

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

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?

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?

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?

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

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

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?

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?

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

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?

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

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