Run for Office and get a Mortgage Release from Wells Fargo


by William Hudson

While reading the Housing Wire today, something caught my eye.  Black Knight Financial Services reported that in Mississippi 11% of all homeowners are behind on their mortgages.  And then I remembered reading about a newly elected mayor in Jacksonville, Mississippi who claimed that Wells Fargo zeroed out his mortgage on the day he was elected.  I’m not sure if there is any connection- but could it be that our elected officials are receiving financial “incentives” (like principal forgiveness) from the banks?


Wells Fargo allegedly paid off new Jackson, Mississippi mayor Tony Yarber’s outstanding mortgage balance that was in default.  In fact, Yarber states he had not made a payment since November.  On the same day he was elected to office he received a letter from Wells Fargo stating that Wells Fargo had authorized the release of the remaining lien on his home in the amount of $91,621.94, on April 22, 2014. “Essentially, they wrote it off,” Yarber said.  “Wells Fargo said don’t worry about sending no more money,” he said to local reporter Anna Wolfe.

Yarber, a pastor, previously delivered a sermon declaring the lien extinguished, mentioning being part of the “very unfortunate real estate swindle of the early 2000s.”  Apparently if you have a little political clout and pray, God (and Wells Fargo) will answer your prayers and erase your mortgage.  The “Election is over. We trusted God. Y’all talked all that noise,” Yarber said in his sermon. “And while they was running their mouth, a letter came in the mail from Wells Fargo. The letter said, ‘Dear Mr. Yarber, concerning loan number whatever it was, at 1605 whatever street you stay on, we have no more interest in that property. Consider the $92,000 that you owe us washed away.’”  It is likely that this is not an isolated event-whereas most politicians know to keep quiet,  Wells Fargo simply had the misfortune of writing off the mortgage of a man who felt compelled to publicly thank God for this wondrous act.

The letter from Wells Fargo stated that “due to inactivity of the above mortgage account, we are releasing the lien on your first mortgage with us.”

“This means we will forgive the unpaid principal balance on your first mortgage loan and release you from any obligation to make payments on the loan now or in the future,” the letter states.

In 2007, Yarber took out a 40-year, $92,872.48 mortgage on his south Jackson home. On May 16, 2014, 22 days after taking office, the lien release was recorded in Chancery Court.

If Wells Fargo is writing down mortgages for Political Gain- I encourage Living Lies readers to go down to your local county records offices and examine the mortgage documents of your elected leaders and officials.    Wells Fargo has failed to officially comment but said the release was not part of the national mortgage settlement (and likely consulted with their tall-tower attorneys once the story broke).

Foreclosure Fraud Is Supposed to Be a Thing of the Past, But It Happens Every Day


old-mortgage-deed-7611736.jpgBy David Dayen

Every day in America, people continue to be kicked out of their homes based on false documents. The settlements over allegations of robosigning, faulty paperwork, and illegal mortgage servicing didn’t end the misconduct. And law enforcement, along with most judges and politicians, have looked away in the mistaken belief that they wrapped up a scandal that just goes on and on.

My new book, Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud, is about three foreclosure victims who ended up doing more investigation of the corrupt U.S. mortgage industry than any state or federal law enforcement or regulatory official.

They exposed the mass production of false mortgage documents in courthouses and county records offices across the country.

It’s a work of history, depicting events that occurred from 2009 to 2012. But it’s a living history, and that’s one of the reasons I wrote the book.

Here at The Intercept, in the past 10 months, I’ve written about the New Jersey man who had precious family heirlooms robbed by Wells Fargo subcontractors when they illegally “trashed out” his foreclosed home. I’ve written about the use of false documents in Seattle and the unregistered business trusts operating in Montana. I’ve written about the Texas jury that awarded $5 million in one wrongful foreclosure case with fabricated and robosigned documents. I’ve written about the California Supreme Court enabling foreclosure victims to challenge phony documents in their cases.

That’s just a small sampling of what I hear nearly every day from homeowners who continue to challenge their cases and reveal massive fraud. And these are a few more:

  • Here’s a document dated August 4, 2010. It’s an assignment of a deed of trust from the originator, American Brokers Conduit, to Wells Fargo. It was not only digitally signed, but it was digitally notarized. So the computer appeared personally before the other computer, I guess, to verify that this was the authentic computer that signed the document.

Continue at the Intercept…..

see also


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Disinformation against Democratic Principles

In a perverse way many if not most borrowers lost everything in 4 ways — their home, their retirement money that was used to fund the loans, their savings that was used to try to save the home and their jobs when upon the largest loss of household wealth in history the economy tanked. It didn’t help that corporations were able to strangle workers into giving up their economic freedom and hard won rights with the threat of shipping their jobs overseas, only to lose their jobs anyway.

The closer one gets to the target the more flack is fired at you. Lately there have been posts on my blog obviously written by lawyers or trolls for the banks.   Their intent is to undermine all the arguments against the current judicial and regulatory policy of allowing the banks to run wild and then to reward them for their obvious misbehavior. My answer is that in a nation of laws, such policies take us away from democratic principles and away from due process, accountability and punishment for those who break our laws and those who manipulate the economic marketplace to their own exclusive advantage.


The bank arguments are stale by now. The “free house” myth is just that — a fictional account of what never was true. Out of the thousands of homeowners who have won cases against the banks, none of them received or wanted a free house. Practically all of them wanted a modification — i.e., a correction to economic reality that would preserve value on both sides of the equation (source of funds at risk and homeowner).


We continue to see every effort to force all cases into foreclosure and to prevent modifications where a workout would be desirable for both creditor and debtor. The modification process is aimed at either getting a foreclosure or an “in-house” modification. Either way the Master Servicer (for a Trust that doesn’t exist and does not own the loan) gets to keep the proceeds and the investor gets nothing or next to nothing.


The problem remains that the so-called servicers are not serving the interests of the creditor side of the equation. They are clearly serving the interest of Wall Street in search of greater profits to be made on the heels of the windfall that Wall Street received in the run up to the mortgage meltdown. These “commentators” are ignoring the fact that there was a mortgage meltdown and they are insisting that the false appraisals, high prices and the recession caused by the banks should be and must be the exclusive burden of homeowners and that the interests of the banks are more important than our vanishing middle class. Fabrication, forgery, robo-signing, and robo-witnesses simply don’t count as long as the banks win. That bears little resemblance to law. It is the wild wild west.


These comments even reference “borrower crookedness.” In order to believe that one would have to to believe that tens of millions of Americans had a secret meeting in which they decided to fleece institutional investors, even if those investors were using the pension money for the same people who were at that mythological meeting. They seek to characterize borrowers as deadbeats as though they wanted to default — rather than homeowners who had paid substantial money for down payment and improvements and monthly payments and who were ensnared in multiple ways including most notably a spike in housing prices that was unprecedented and obviously not caused by increased demand for housing resulting from increasing population.


The banks made up stories about how people were selling their homes in California where prices were even more absurdly high and then buying equivalent homes elsewhere for the half the price at which they had sold their California home. All kinds of stories were circulated by the banks to justify the total disruption of 120 years worth of housing data as recorded by the Case-Schiller Index.

Let’s get it straight. The run up in prices was the direct result of the banks flooding the marketplace with ill-gotten money and selling short-term payments to borrowers making the price of the house and the principal of the loan seem irrelevant. While most closings had a Good Faith Estimate, the disclosures failed to show that many loans would shortly reset to payments that were simply and obviously out of reach, often going above the entire household income of the borrower.

Teaser payments and pick-a-payment loans were sold as if they were the best thing since sliced bread. But the disclosures failed to reveal the peril in those loans for both the investors who put up the cash and the borrowers who signed up for a loan.

Those deals were guaranteed to fail and inadequate disclosure obscured the fact that the loan, the deal, and the ownership and possession of the house would be over in a few short years or even months. A reset to a monthly payment that was known to be more than the entire household income was guaranteed to bring an end to a fraudulent deal.


In other words, the banks knew the loan would fail shortly and the borrower didn’t. The banks wanted the loan to fail and the borrower didn’t. The banks were protected in this epic fraudulent scheme and the borrower and the investors were left out in the cold. And now to add insult to injury they are lobbying on my website for a continuation of fraudulent schemes and behavior. The banks stole the money from investors and they stole the identity of the borrower using the borrower’s signature in ways they could not imagine — on documents that later turn out to be fabricated, when put to the test.


These commentators point to the failure of a recent case in which I was the attorney of record and dozens of other cases where the courts have uniformly rejected pre-emptive lawsuits demanding the identity of the creditor (the bedrock of lending laws). From the beginning I have taken a long view of this entire process and what will be a decades long process of unwinding the great recession that continues to afflict most ordinary citizens.


I was dead right about the construction of the TILA rescission statute as enunciated by the unanimous Supreme Court in Jesinoski. Up to that point in time (January, 2015) virtually every trial court, state and federal and every appellate court, state and federal expressly stated that my “interpretation” was wrong. You can’t have rescission without a lawsuit. You can’t rescind without tender or at least proof of tender. My reply was simply that wasn’t what the statute said and that a specific statutory remedy doesn’t remove common law rescission but that the two cannot be combined.


It took ten years for the Jesinoski decision to settle that issue and yet we continue to have courts rebelling against the procedure of TILA rescission which again I say is wrong. But the commentators continue to say that the incorrect judicial decisions are proof that those decisions were right — just like before the Jesinoski decision. It may take many years again for the issue to get slapped down again by the Supreme court who was already dripping with sarcasm in its Jesinoski decision, wondering how or why any Judge could think it could rewrite the statute that was perfectly clear on its face.


The biggest recent attack is meant to undermine confidence in the Yvanova decision. The banks are scared of rescission because they are on the losing side of the battle, as it will turn out in the long run, and they are on the losing side of using void, forged and fabricated paperwork as that will turn out in the short-run. Judges are becoming more wary of signing an order based upon an obviously false premise than they are about rebelling against the TILA rescission statute. It is plain as day to me that the judiciary is slowly turning over a new leaf.


And while preemptive lawsuits are being struck down, despite clear statutory rights to the information demanded, eventually that will also come into line. How do I know that? It’s simple: it has never been the law that a borrower could not learn the identity of the creditor. The fact that the banks cannot identify such a creditor without going to jail  should never have been a burden placed upon homeowners and consumers.


Lastly, there is the “argument” about the UCC. What these commentators deftly avoid is that the ONLY way a possessor can enforce those actual or fabricated documents is by virtue of legal presumptions without being required to prove facts that simply do not exist. Those legal presumptions are rebuttable. And they don’t even apply if there are indications that the document lacks trustworthiness or credibility. They argue that it doesn’t matter if the document is based upon a nonexistent transaction so long as the possessor has “rights to enforce.” And rounding out their circular argument they say that the mere assertion of rights to enforce is sufficient to presume that those rights exist — and that is the end of the matter. Thus they are arguing through legal presumptions that they should be treated as holders in due course even though they never asserted that status.
What has been incorrectly but nonetheless successfully argued before courts across the country is that the self-serving document presented is evidence enough of its trustworthiness. It doesn’t work that way in virtually all other areas of law. It is simple logic: contemporaneously with a real transaction in which consideration is exchanged reciprocally the transaction is memorialized in a written instrument — that is then used as evidence of the transaction. But if there was no transaction, then the instrument is worthless in most instances.

And that is why the banks never argue they are holders in due course which requires proof of purchase. And that is why discovery is so important to test whether the transaction exists or, as is usually the case, the document was prepared and filed as though the transaction existed. “PETE” is not the legal equivalent of holder in due course and it never was.

In a nation of laws, it is not the law and has never been the law that the banks could foreclose on any note and mortgage regardless of whether or not they had any actual right to do so. This is not radical thinking. It is common sense.

David Dayen: The Epidemic of Mortgage Fraud

“It is happening again”: David Dayen on the epidemic of mortgage fraud and the rigged economy that sets it in motion

David Dayen’s new book explores the criminal conspiracy that destroyed the lives of millions

"It is happening again": David Dayen on the epidemic of mortgage fraud and the rigged economy that sets it in motionDavid Dayen (Credit: The New Press/lumy010 via iStock/Salon)

Earlier this week the New York Times featured a depressing story about homeless people living in the foreclosed and abandoned houses that still dot the landscape in Nevada, reminding everyone of that awful time just a few years ago when families all over the country lost their homes in what has become euphemistically known as “the housing crisis.” It was actually much more specific than that, it was an epidemic of criminal mortgage fraud and it devastated millions of people, many of whom have still not recovered.

My Salon colleague (and one-time blogging cohort) David Dayen has written a wonderful new book called “Chain of Title” about some amazing Americans down in Florida who were caught in the maw of this epic criminal conspiracy and bravely took on the system when no one else would do it. Faced with a morass of impenetrable documents and intractable officials they took matters into their own hands and uncovered the crime of the new century by becoming internet muckrakers, using crowd-sourcing and social media. And in the process of following their fascinating story, we learn the full scope of this massive crime which goes all the way from the Florida suburbs to the boardrooms of Wall Street.

For David’s Interview please go to


Reminder: Only Banks are Allowed to Alter Evidence

By William Hudson

Banks have used fabricated documents and forged signatures over the past decade to foreclose on homes they don’t own while law enforcement and the courts have intentionally looked the other way. However, attorney Constantine “Chuck” Kalogianis is now in trouble because he has been accused of resorting to the same tactics by altering documents in at least five Pasco County mortgage foreclosure cases in which he represented delinquent borrowers.

Claims of evidence tampering have been filed in a 258-page motion filed in Pasco Circuit Court this week by Bayview Loan Servicing seeking to foreclose on one of Kalogianis’ clients.  The motion focuses on Kalogianis who the plaintiff believes was the only one with the means and motive to alter records and make it appear that the companies starting the foreclosure actions didn’t have legal standing to do so.

The goal, the motion says, was to make it impossible for Bayview to foreclose on Kalogianis’ clients.  In one case, a judge initially ruled in his favor and ordered a bank to pay him $170,000 in legal fees. It will be interesting if Kalogianis goes after Bayview Loan Servicing that handles loan servicing for Bank of America and other pretend lenders. Bayview has the audacity to state, “There is something terribly wrong with repeatedly tampering with and defacing evidence entrusted to the Clerk of Court in order to do so.” EXACTLY! So why should tampering with evidence be illegal ONLY if you aren’t a large banking institution like Ocwen, Nationwide, Wells Fargo, Citibank, or JPMorganChase?

Kalogianis is a well-known Pasco attorney and former Congressional candidate and according to the Tampa Bay Times, said that the bank lacked the original document it needed to foreclose and was trying to “turn the tables” on him rather than lose the case. “It is the plaintiff’s own improper conduct . . . that should be reviewed,” when asked about the accusations.

The case against Kalogianis is one of the first in which a lawyer representing borrowers has been accused of altering records. It is interesting that millions of foreclosures have been filed by using fabricated and forged documents with impunity, and that ONE attorney is now being accused of the same crime. Kalogianis can rest assured that an audit of Bayview’s foreclosure filings will likely find hundreds (if not more) fraudulent documents filed by the banks in which they service.

Ft. Lauderdale attorney Neil Garfield has often wondered when an attorney or homeowner would resort to the same tactics as the big banks to create further confusion in the court room. Since there isn’t any legitimate paperwork in regards to most foreclosures, homeowners and their counsel could easily fabricate notes and letters to also create prima facie evidence.


Garfield  stated that, “If creating the appearance of standing takes no more than a printer and computer program to create the illusion of standing…….why wouldn’t consumers be inclined to resort to the same illegal and unfair tactics that the banks have settled on if they know there will be no enforcement of the crime?”  Garfield reiterates again that the ONLY way to REVEAL the TRUTH of ownership is for the servicer’s business records to be revealed through Discovery demands.  It is much more difficult (but not impossible) to forge or recreate business records (wiring instructions, where funds are forwarded, etc…).


In cases defended by Kalogianis, the companies seeking to foreclose said they filed promissory notes with blank endorsements. However, at some point, the motion says, the notes in four of the cases were altered to show they had been endorsed by “Bank of New York, as trustee.”  But there is literally no way to prove who did this without a witness or surveillance.


In the fifth case, a blank endorsement was altered to show Wells Fargo had signed it, the motion says. This may be a new tactic by the banks to create such uncertainty in regards to who is doing the fabricating and forging,  that it will be almost impossible to ascertain who is telling the truth. This type of scenario is exactly what Neil Garfield worried would one day manifest- a recording system of transfers so convoluted and full of fraud that no court on earth would be able to clarify what happened “when and to who”.  It appears that the general public (and the criminal element) have began to recognize that a credibility loophole exists- and people may begin forging paperwork to “tell the story they want told” as Garfield predicted.

Now that you can’t rely on what the bank says, what the country records say, what the homeowner says, or what the attorneys say- it appears that there may be a problem that cannot be solved without executive or legislative intervention.

Loan servicer BAC, lost its case against a client of Kalogianis in 2014 when Kalogianis argued at trial that only the Bank of New York could foreclose because it was the one that had endorsed the promissory note. (The case has since been reopened.)  Since there are no lie detector tests that can be administered, no videos, no confessions, DNA or fingerprint evidence to prove who did what to the mortgage notes, the motion says that “the potential perpetrators . . . become more and more limited as opportunity and motive are examined.” Really? That sounds like a reference to the servicers!  Although possible- most attorneys would be unwilling to risk their law licenses to win a client’s case. The risk/benefit ratios don’t appear to be there in this case.  And lets not look at the real issue here- the largest perpetrator to resort to forgery and fraud? The servicers and foreclosure mills.

There is no way that any judge or court clerk can make a ruling on documents that are based on illusion. Although it could be said that lawyers for the foreclosing companies can be ruled out because to endorse notes would sabotage their own cases- this may not be true. What better way to pervert justice (or remove a successful homeowner’s attorney by accusing them of fraud) than to “muddy up” the evidence? Banks have demonstrated that they are capable of all types of fraud including larceny, forgery, burglary, illegal trespass and perjury- why not frame an attorney? Could it be that this tactic may be used against other attorneys who dare to take on the big loan servicers?  Attorneys must be vigilant to document that the documents provided by their client’s appear legitimate.


The motion singles out Kalogianis as the perpetrator. “This process of elimination could leaves only defendants’ counsel,” the motion says. It seeks a final judgment of foreclosure and attorneys fees in its case against one of Kalogianis’ clients, Nicholas Verrengia. Verrengia has other clients of Kalogianis have praised their attorney and accuse Bayview of the fraud.


This is the end result of law enforcement’s refusal to become involved in the early stages of the foreclosure crisis. It is now public knowledge that the country records are perverted and have no remaining credibility. There will be homeowners and attorneys who are as capable of photo-shopping signatures and creating documents out of thin air as the big banks to create enough confusion that a judge simply cannot rule.


It is also only a matter of time before the true criminal element in this country resorts to the same tactics of forging documents to convince vulnerable homeowners that they are their “new loan servicers” and begin collecting payments and stealing homes from unsuspecting homeowners. If stealing a home is no more difficult than learning to cut and paste signatures or use a computer system to create the illusion of ownership- the bank’s own tactics are going to cause them issues they never imagined.   If I was Kalogianis, I would employ a forensic document examiner to look at the last 100 foreclosures filed by Bayview and their clients. This could get ugly.

David Dayen’s Chain of Title Interview Confirms What You Always Suspected: The Game is Rigged

Chain of Title should be required reading in every college-level business ethics class in America. At a time when “business ethics” is an oxymoron, perhaps the current generation that adores Bernie Sanders might better understand the dangers big banking monopolies hold. David Dayen’s book, Chain of Title, unearths a system with the power and collateral to stonewall millions of homeowners from obtaining one very simple answer: Who owns my mortgage?

If you haven’t been able to wrap your head around why the federal government has failed to prosecute one banker for the foreclosure crisis there is a very simple answer that Chain of Title alludes to. The federal government has a dark secret: the trusts are empty and the falsified notes cannot be traced back to their true owners so they must be “recreated” if a default occurs. This means that the investors, the pensions and the trusts own nothing. It also means that the banks now own everything- including the U.S. federal government. It hardly matters that we have separation of powers if the bankers and elite control all three branches.

Salon contributing writer David Dayen and winner of the coveted Ida and Studs Terkel Prize, illuminates how home buyers have ended up illegally evicted from their homes as the result of dishonesty, greed, and deception at the hands of mortgage lenders, servicers, investment bankers, and unscrupulous lawyers. Dayen states that Alan Greenspan “viewed regulations the way an exterminator viewed termites.” If this is true, then the President viewed homeowners the way a sunbather views 300 million gnats at the beach.

What is truly amazing about this book is how Dayen who has never gone through foreclosure himself is able to recreate the desperation, optimism, and naiveté of homeowners fighting foreclosure while concurrently examining the systematic collapse of the economy. The insight into his three protagonists borders on the voyeuristic and compels the reader to proceed voraciously. The reader keeps rooting for the underdogs to prevail-but it never happens. Through Dayen’s expose you can literally smell the black mold on vacant houses, and feel the desperation of those who lack the tools and resources to fight back- but try with all their might to do so.

Dayen’s writing explores the possibilities for the housing crash while remaining detached from the outcome.  For example, he writes, “There is a rot at the heart of our democracy, rooted in a nagging mystery that has yet to be unraveled. It gnaws at people, occupies their thoughts, leaves them searching for answers in the chill of the night. Americans want to know why no high-ranking Wall Street executive has gone to jail for the conduct that precipitated the financial crisis. The oddest thing about the predominance of the question is that everyone already assumes they know the answer. They believe that too many politicians, regulators, and law enforcement officials, bought off with campaign contributions or the promise of a future job, simply allowed banker miscreants to annihilate the law in pursuit of profit.”

Dayen’s story begins when two of the protagonists start corresponding via discussion posts on Neil Garfield’s Living Lies blog, and come to the conclusion that they are being deceived by unscrupulous loan servicers. The homeowners will eventually meet other activists along their journey including Lynn Szymoniak and decide to take on the Foreclosure Machine. The personal sacrifices they make to become activists will leave all but Szymoniak permanently altered, and uncompensated for their efforts.

The homeowners include Lisa Epstein, a cancer nurse; Michael Redman, an auto dealership employee; and Lynn Szymoniak, a lawyer who investigates insurance fraud. Dayen chronicles their almost futile and life altering battles to save their homes from illegal foreclosure while acting on behalf of millions of homeowners without voices to complain. The author begins with Epstein’s case, followed by Redman’s; one-third of the way into the narrative, the two of them meet Szymoniak, who then pool their meager resources to raise public consciousness about banks who forge, fabricate and robosign to create the appearance of standing.

Dayen profiles hundreds of other individuals, many of them crooks, cowards, or corrupt men and women, many of whom had the authority to halt the fraudulent activities but were unwilling to do anything that would undermine their position or social standing.  Although the efforts of the whistle-blowers educated millions of homeowners wrongfully facing foreclosure—ultimately hundreds of thousands of houses remain empty and only now are people starting to put their lives back together with a paradigm shift- that their government doesn’t care. Dayen relates how prosecutors, judges, and the Department of Justice have caved to powerful mortgage industry donors while illegal foreclosures continue.

Whereas politicians and the banks have been indifferent that a mortgage is properly endorsed and assigned, Dayen believes that the technicalities matter and are there to protect the homeowner and investors. Without a clear chain of assignment from one entity to the next, there is no way to determine how the loan is transferred except to rely on banks who are not noted for their honesty or accurate business records.

Exposing the lies of the banks becomes a moral crusade for the three main characters and their decision to pursue justice will create an emotional smorgasbord, which Dayen meticulously reports. Chain of Title settles on the fact that the banks’ behavior not just indefensible, but criminal and duly executed with precision. This book won’t tell readers of Living Lies anything they don’t already know- but it will help the victims of foreclosure to recognize that the United States is now full of hard working Americans who were sucked into the vortex of banking greed- and who will never again believe in the rule of law or their leaders. This is a yet undiagnosed disease in the general public and the long-term repercussions are not yet known.

Dayen describes a bank pursuing foreclosure without legal signatures as “flailing away like a boxer in the dark”- and this is a feeling that also captures the feelings of many homeowners who continue to fight illegal foreclosure. Not sure where their well-funded opponent will come from next or what tactic will be used, the homeowner will flail away like a boxer in the dark hoping that some tactic will create sympathy or even due process from the court or cause the bank to retreat back to their hellish cave.
After reading this epic novel, it can’t be avoided that a free-market economy will function best when people have the ability to prove they own what they own and owe who they owe.



If we don’t return to the rule of law soon, the average American’s confidence will be undermined and alternatives will be sought.  Remember, those who tired of the Federal Reserve created Bitcoin and lending isn’t so complicated to enact that a similar solution among revolutionaries will not be created. It is amazing that the greed of banks, to save a recording fee, or pass around notes like bubblegum cards could undermine an entire industry- but that is exactly what has happened. Ominously, the first housing crash has yet to be resolved and it appears that the second wave, or what we call 2008 Part II is on the horizon. David Dayen’s book will be read well into the next century- and hopefully Americans will one day say, “How could people standby and let that happen?”  We won’t, but sometimes the wheels of justice take time.
How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud
By David Dayen
385 pp. The New Press.


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