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BOA Continues to Defraud REMIC Investors, Homeowners and the Courts

Livinglies's Weblog

People forget to ask the question “why?” Why would a mega-bank lose or claim 20 times to have lost documents relating to modification — a workout that is or was standard practice for the industry? Common sense tells us the bank would be better off with a mortgage loan that is performing than one which is foreclosed — and later abandoned under the instructions of the “bank.”

And if the banks were supposedly acting on behalf of real trusts with real beneficiaries, then the same would be true for them. So the only logical conclusion is that the bank doesn’t care about the loan; it cares about something else involving far more money than the alleged loan.

And it doesn’t care about the performance of the loan except that the bank would rather see all the loans go into foreclosure regardless of whether or not the alleged loan is declared…

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Home Owners Loan Act does not preempt a state law breach of contract claim

The Home Owners Loan Act does not preempt a state law breach of contract claim that the bank miscalculated adjusted interest rates on loans, since common law breach of contract claims impose no requirements other than those the bank voluntarily assumed in its own agreements. The Home Owners Loan Act does not preempt a state […]

via Campidoglio v. Wells Fargo Bank, N.A. — California Appellate Tracker

How to Fund a Universal Basic Income Without Increasing Taxes or Inflation


The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen September 21-23rd, most participants said no. This is my rebuttal.

In May 2017, a team of researchers at the University of Oxford published the results of a survey of the world’s best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years. All human jobs were expected to be automated in 120 years, with Asian respondents expecting these dates much sooner than North Americans. In theory, that means we could all retire and enjoy the promised age of universal leisure. But the immediate concern for most people is that they…

View original post 1,598 more words

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