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Keyword: chase

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  • Foreclosure 'robo-signers' appear to be widespread

    10/12/2010 2:57:13 PM PDT · by Fred · 11 replies
    Palm Beach Post ^ | 111210 | Kimberly Miller
    Florida foreclosure law firms were using the same "robo-signer"-type practices to repossess homes that tripped up the nation's major lenders, a signal, defense attorneys argue, that should lead to a larger foreclosure moratorium. Banks that have not pulled back on foreclosure sales and evictions, such as lender CitiMortgage, gave firms power of attorney to sign documents on their behalf. In turn, some firms created assembly-line signing systems to keep up with bank deadlines on foreclosure cases.
  • To The Media: Stop LYING About Foreclosuregate

    10/12/2010 11:52:42 AM PDT · by Chunga85 · 38 replies
    The Market Ticker ^ | 10/12/2010 | Karl Denninger
    I'm getting tired of this, so I'm going to trot out the proof and stick it under everyone's nose. We keep hearing that these "lost document" affidavits and similar are just "sloppiness." They are not. They are hard evidence of fraud, with the only decision left to be made being one on exactly where the fraud happened. I'm going to show you a document - a Pooling and Servicing Agreement - from one MBS Trust. There are literally thousands just like this. I've read dozens. Those that were sold to the public are all filed on the SEC's web page,...
  • A Fabian Socialist Dream Come True

    10/06/2010 11:37:33 PM PDT · by restornu · 19 replies
    THE MILITANT JEFFERSONIAN ^ | Monday, August 4, 2008 | columnist: Republicae
    COLLECTIVISM The Fabian Society began in England in 1887 by a very small group of elitist socialist that sought to reform society gradually into one of socialism instead of through violent revolution. At first their purpose was to be an alternative in Britain for the more dominate Marxist Social-Democratic Federation, but their true goal was to accomplish socialism through a very gradual process using the voting booth and representative democracy as their instrument of change. In fact, one of their symbols is a Turtle with the motto: "When I Strike, I Strike Hard". Another symbol is the Wolf in Sheep's...
  • J.P. Morgan Chase to freeze foreclosures over flawed paperwork[At least 56K Mortgages]

    09/30/2010 5:36:50 AM PDT · by Palter · 24 replies
    The Washington Post ^ | 29 Sep 2010 | Ariana Eunjung Cha
    J.P. Morgan Chase, one of the nation's leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. The bank's decision will affect 56,000 borrowers in 23 states where allegations of forged documents and signatures and other similar problems are being used to try to overturn court-ordered evictions. Yet the impact may be much broader, given J.P. Morgan's stature in the industry. If other banks adopt the same approach, the foreclosure process in many parts of...
  • Chase Online Banking Down Since Monday

    09/14/2010 4:49:48 PM PDT · by John W · 59 replies · 1+ views
    NewsCore Via ^ | September14, 2010 | NewsCore
    <p>The outage was due to "technical problems," said Chase spokesman Tom Kelly, who added that the problem was "not related to hackers or fraud."</p> <p>Kelly said the company was "working to fix the problem as soon as possible."</p> <p>"Rather then give a prediction about when it will be fixed, we're just going to tell people when it goes back up," Kelly said about 6:00pm ET. "But we are talking hours not days."</p>
  • Speeding motorcyclist taunts state trooper trapped in crashed car

    08/12/2010 4:11:26 PM PDT · by KeyLargo · 169 replies
    KOMO News ^ | Aug 10, 2010
    Speeding motorcyclist taunts state trooper trapped in crashed car A state trooper rolled his car multiple times while chasing two reckless motorcyclists, one of whom returned to taunt the injured trooper trooper, officials said. The incident happened on the northbound ramp from Interstate 5 to State Route 599 at approximately 6:45 p.m. Tuesday. Washington State Patrol Trooper Cliff Pratt said the trooper was chasing a group of at least nine members of a south King County motorcycle group who were speeding dangerously and getting too close to cars. As the trooper tried to close in on the fastest biker, he...
  • Go-cart driver arrested after chase through downtown St. Paul

    08/11/2010 9:43:02 AM PDT · by WOBBLY BOB · 15 replies
    pioneer dePressed ^ | 8-11-10 | Tad Vezner
    Four police cars, lights on and sirens blaring, chased a man in a go-cart at top speeds of 20 mph through downtown St. Paul on Tuesday evening. Police finally boxed him into a parking lot, chased him around some more and then shocked him twice with a stun gun before his go-cart came to a stop. The man refused to speak to officers or give his identity. He was booked into the Ramsey County Jail under the name John Doe, his age unknown. The chase began about 5:50 p.m. near 12th and Jackson streets. A police officer in a squad...
  • Live Car Chase Phoenix Arizona

    08/06/2010 5:05:51 PM PDT · by Dallas59 · 25 replies · 2+ views
    Fox News ^ | 8/6/2010 | Fox News
    Video Linky
  • Naked woman leads officers on chase

    06/22/2010 4:25:45 PM PDT · by Colofornian · 28 replies · 1+ views
    AP ( ^ | June 22, 2010
    WEST VALLEY CITY, Utah (AP) -- Police say a woman is undergoing a mental evaluation after leading officers on a bizarre chase while she wasn't wearing any clothes. Officers say she stole two cars, including a police cruiser, and crashed both before she was subdued with a stun gun Tuesday. West Valley City police Capt. Tom McLachlan says the woman is in her early 30s, but her name is not being released for now. He says doctors need to finish the medical assessment before police decide...charges she may face. McLachlan says doctors do not believe drugs or alcohol were involved......
  • WaMu Execs Blame Regulators for Its Demise

    04/13/2010 8:04:15 AM PDT · by hiho hiho · 9 replies · 389+ views
    CNBC ^ | 13 Apr 2010
    Former Washington Mutual Chief Executive Kerry Killinger on Tuesday said regulators unfairly seized the Seattle-based thrift in September 2008 and sold it to JPMorgan Chase for a bargain price of $1.9 billion. In prepared testimony before the Senate Permanent Subcommittee on Investigations, Killinger said that, while the company suffered from rising loan losses, it was working its way through the financial crisis. Killinger, who was paid more than $100 million between 2003 and 2008, was forced out in 2008. The subcommittee is holding the first of four hearings on the causes and consequences of the financial crisis. Killinger and other...
  • Chase Bank Customers Beware: Long touted fix to debit card overdrafts went into effect today.

    04/01/2010 8:34:20 AM PDT · by Til I am the last man standing · 7 replies · 702+ views
    NYT ^ | 9-22-09 | Ron Lieber
    Chase plans to eliminate by the first quarter of next year a common industry practice that enraged many consumers. Instead of lumping a day’s worth of debit card and A.T.M. transactions together and then processing the highest amounts first — a practice that has caused large numbers of consumers to overdraw more quickly and pay more fees — it will credit the transactions chronologically. Chase also plans to allow customers to opt out of overdraft coverage. Consumers who overdraw often do not realize that overdraft coverage is automatic and that the bank will not simply cut them off when their...
  • & Shareholders Denounce Surrender of the Company to JP Morgan & FDIC

    03/15/2010 7:52:53 AM PDT · by hiho hiho · 3 replies · 371+ views
    Fox Business News ^ | March 14, 2010
    HOUSTON, March 14, 2010 /PRNewswire via COMTEX/ ----Washington Mutual shareholders (Stock Symbols: WAMUQ, WAHUQ, WAMPQ, WAMKQ) and staff were shocked to discover on Friday that Brian Rosen, council for WMI, has agreed to a proposed "settlement" with JP Morgan and the FDIC of all outstanding litigation and claims without consultation or discussion with the Official Equity Committee of Washington Mutual. This unprecedented surrender involves giving away all of the company's rightful assets and claims for a pittance to the detriment of all equity stakeholders in the company. This proposed settlement was clearly done with no regard to the rights...
  • When Creditors Call Place of Employment, Friends, Relatives

    02/08/2010 10:00:02 AM PST · by hsmomx3 · 46 replies · 1,456+ views
    My best friend's mother is a 77 year old widow who does seamstress work on her own but in the past, did work for a variety of companies. This elderly woman, as a result of her business slowing down, became delinquent with her unsecured credit card debt. She was honest with the creditors and her daughter even spoke to them as well. What is happening is not only is the bank calling the woman everyday at home and asking her to pay or seek out friends and family for money, but they are calling her past places of employment as...
  • Minneapolis K9 Dies During Suspected Burglary Call

    11/30/2009 6:05:57 PM PST · by ButThreeLeftsDo · 14 replies · 603+ views ^ | 11/30/09 |
    A Minneapolis K9 died after falling off the roof of a three-story building, during a possible burglary call. Police say officers were called to the 200-block of Hennepin Avenue South for a suspected burglary in progress, just after 7 a.m. Monday. The K9, named Chase, was called in to assist after police found evidence that the suspect was possibly still in the building. Chase and his handler, Officer Eric Lukes, were searching the roof when the dog fell and sustained grave injuries. "While Chase was running over to the edge, he leapt over the side of the wall and fell...
  • JPMorgan Crushes Profit Expectations

    10/14/2009 4:53:18 AM PDT · by combat_boots · 13 replies · 536+ views
    CNBC ^ | 14 October 2009 | Antonia Oprita
    JPMorgan’s profit beat expectations in the third quarter, with investment banking operations posting strong gains, the company said Wednesday. But the company warned that credit costs remained high. The bank earned 82 cents a share in the third quarter, up from 9 cents a share in the same quarter a year ago. That was much higher than the 52 cents a share analysts surveyed by Thomson predicted. JP Morgan shares rose more than 3 percent in pre-market trading. Tier 1 common capital at JPMorgan [JPM 45.66 -0.42 (-0.91%) ] was also strengthened through capital generation during the quarter, up 8.2...
  • .J.P. Morgan Profit Surges, but Loan Losses Stay High

    10/14/2009 4:37:43 AM PDT · by combat_boots · 4 replies · 330+ views
    WSJ ^ | 14 October 2009 | JOAN E. SOLSMAN
    J.P. Morgan Chase & Co. said third-quarter earnings soared, beating analysts' expectations, as the banking giant was carried again by strong investment-banking results. They more than offset by continued increases in credit costs, which Chairman and Chief Executive Jamie Dimon said will remain elevated "for the foreseeable future" in its consumer and credit-card operations. Jamie Dimon .Shares rose 3.3% premarket to $47.15. J.P. Morgan, the first of the major banks to report results, said it saw broad earnings growth across commercial and retail banking as well during the quarter. Overall, banks are expected to post falling earnings in the most...
  • Canadian Police Chase

    10/13/2009 4:55:24 PM PDT · by buccaneer81 · 3 replies · 780+ views
    YouTube ^ | October 13, 2009 | Some Ad Agency
    Canadian Police Chase
  • ACORN's corporate donors backing off

    09/25/2009 3:50:40 AM PDT · by gusopol3 · 29 replies · 1,567+ views
    Washington Examiner ^ | September 25, 2009 | Kevin Mooney
    Corporations that have given ACORN millions of dollars over the years are now cancelling their donations in the wake of videotape revelations of employees of the infamous community organizing giving advice on mortgage fraud, tax evasion, prostitution, and child sex slavery. Bank of America is reviewing its grant program, while Citigroup is waiting for the results of on-going investigations. JP Morgan Chase had previously ended its relationship with ACORN. Bank of America donated 28 grants totaling almost $3 million to ACORN Housing Corporation (AHC), since 2005, financial records show. A company spokesman said the activity exposed on videotape prompted the...
  • NLPC calls on JP Morgan Chase to drop ACORN ["Obama's 'favorite banker'"] [BofA linked too]

    09/20/2009 12:57:48 PM PDT · by rabscuttle385 · 36 replies · 1,964+ views
    The Washington Examiner ^ | 2009-09-19 | Kevin Mooney
    JP Morgan Chase has been challenged to sever its financial support for ACORN. As more video tapes are released of ACORN workers discussing illicit financial schemes, the bank has been called out for funding activities in violation of its own polices. Peter Flaherty, president of the National Legal and Policy Center (NLPC), in a letter addressed to JP Morgan Chase CEO Jamie Dimon, warns that continued support could jeopardize the institution’s credibility. “Continued identification with ACORN harms the company’s brand name and reputation, and carries special risks for this company, a recipient of taxpayer TARP funds,” he wrote. “The New...
  • Too Big To Fail?...Even Bigger

    08/29/2009 10:04:30 AM PDT · by fiscon1 · 3 replies · 280+ views
    The Provocateur ^ | 08/29/2009 | Mike Volpe
    This bill passed in 1999. Essentially the bill broke down the proverbial wall between a commercial bank and an investment bank. As such, there was no longer a separation. The example I use is that Merrill Lynch and Paine Webber were now able to provide checking accounts. Even today, Etrade has checking accounts. This is the mundane and reasonable part of the bill. The more sophisticated part was that bank could get into investing. Banks could get into loan securitization. All sorts of financial business could be done by the exact same institution. This lead to the second dynamic.