South Florida Law Blog

Follow the smart money. Armchair pundits, present company included, will continue to analyze the long term impact of the initial poor performance of the long anticipated Facebook IPO. You will hear how it has further eroded confidence in Wall Street and American style capitalism, which it has. The Facebook IPO only reaffirms what many smart, wealthy and Main Street investors […]

Survey: Mortgage Foreclosure Scams Surge Not only is America’s foreclosure crisis still going strong, it now comes with even more fraud and deception. With heightened media coverage surrounding the recent national mortgage settlement and refinements to government assistance programs, experts say selling “the schtick” has only become easier for criminals. But there are red flags consumers can watch out for […]

“Let me be frank. Our banks earn profit too easily. Why? Because a small number of large banks have a monopoly.” Sounds like something I would have said. Or something our president SHOULD be saying. Except here’s the thing. The elected official quoted isn’t talking about our own corrupt banking system. The quote above came from the prime minister of […]

Excuse me Jamie. Mr. Dimon, hello? Do you really still think we’re fools? How else can you explain your half-hearted apology over JP Morgan’s part in the robosigning scandal? The CEO of JP Morgan Chase made some efforts towards reconciliation in his annual letter to shareholders, which is now out for all to see. But it’s clear that Jamie Dimon […]

Man I just love it when the banks eat their own! It’s even better when they start using MY arguments to do it. The very same arguments I’ve used to defend my clients. The essential problem is this, securitized trusts, the ones your homes were bought and sold into, weren’t always mortgage-backed! I’ve long had questions about the validity of […]

Banking officials, as a general rule, are old school. They are very resistant to change, and usually refuse to think outside of the box. Over the years I’ve seen the banks hold little to no regard for the customers they serve. Their philosophy has essentially been ‘You can’t pay your mortgage, then out on your butt you go!’ Forget that […]

Well what do you know. Earlier this week I blogged about the mortgage settlement documents and their stunning lack of detail on the frauds committed by the banks during the days of robosigning. I was frustrated because it seems like the complete recklessness of the banks was being whitewashed in order for the settlement to go through. Turns out I […]

In the weeks after the mortgage settlement was announced by the Federal Government, I waited under baited breath to the see it in its entirety. Almost every week I read a different report stating the documents to finalize the settlement were about to be filed in court. And as each reported deadline came and went, I grew more and more […]