Judge Denies Protective Order of Removal of Jeffrey Stephan’s Deposition from “Internet Blog”

4closureFraud ^ | 10/15/2010 | Michael Redman

[Chunga85]

Plaintiff's Motion for Entry of Protective Order at 7. As grounds for it's motion, Plaintiff points to the embarrassment GMAC and it's employees suffered, and will continue to suffer, from the posting of excerpts from Stephan's deposition transcript on an Internet blog. The Court is not persuaded that the Plaintiff has shown the requisite "good cause" to justify entry of a protective order in this case.

[Chunga85]

Poor GMAC. They just want to be left alone to carry on with their fraud.

If you click the link you can read the judge's response to the captioned motion.

Have a box of tissues handy..it's a real tear-jerker.

[apillar]

These people have no understanding of how the Internet works. Getting a judge to order something pulled from one website will GUARANTEE that it will immediately pop up on 100 more.

[Chunga85]

Lets not forget the "regular" media..they're catching on too.

The economic crisis was an 'inside job'

$nip>

If you haven't been humming tunes from "Les Misérables," you haven't seen "Inside Job," the new documentary about how our economic crisis evolved.

The most forgiving American will want to seize a pitchfork and march on Wall Street. Or Harvard Square. Or in front of the White House. There are so many despicable parties, it's hard to pick a favorite. Is it time to reconsider the Axis of Evil?

The film, written and directed by Charles Ferguson (and narrated by Matt Damon), will be opening in select cities this week. Although much of the story is familiar, Ferguson manages to weave together decades of bits and pieces into a dramatic narrative that plays like a whodunit. Names have faces, and storytelling combined with graphic illustrations helps explain the complex series of events that led to the global meltdown. Here are a few takeaways:

One, trying to assign blame to either Democrats or Republicans is pointless. Everyone is culpable. From the early 1980s, when Ronald Reagan deregulated banks, through the two Bushes, Bill Clinton and now Barack Obama, each administration has endorsed -- and each Congress has helped tweak -- laws and rules that made systemic abuses and the meltdown not only possible but, looking back, inevitable.

$nip>

One more...got some good ballgames to watch today.

Are the Bank Foreclosure “Moratoriums” More PR than Real?

$nip

Bank of America announced a foreclosure halt in all 50 states; JP Morgan and GMAC have stopped in 23 judicial foreclosure states.

Or have they? Florida is a judicial foreclosure state, and local reports suggest the banks are still moving forward with foreclosures. Note the inconsistencies between the statements of the bank employees versus the action on the ground. From the Fort Myers News Press:

JPMorgan Chase & Co. and Bank of America Corp., along with some smaller lenders, have announced that they were holding off on court-based foreclosures…

But in Lee County, court records show both of those banks have continued to get court judgments allowing the sale of mortgages on foreclosed houses at public auction.

That’s despite statements from both banks that they stopped doing that about two weeks ago.

April Charney, a Jacksonville-area legal aid attorney who’s an expert on foreclosure issues, said she’s hearing similar reports from around the country. She scoffed at the banks’ protests that they didn’t intend for the judgments to be issued.

“It’s a farce,” she said. “We’re all being played.”

$nip>

[Kartographer]

Chunga85 it's 10:00AM here and no ones posted anything about burning ‘dead beats’ at the stake. Must going to be a quite day here on FR.

[TruthConquers]

I have been thinking about this all week.

I have come to the conclusion that this was more about TAX EVASION than anything else.

They avoided millions? billions? trillions? of fees at county’s all across this nation.

AND their MBS, REMIC’s and such were all about income streams from mortgages that were sold as TAX FREE but AREN’T ANYMORE!!!!

Now, don’t get me wrong, but this issue of the title is “destroy this country at it’s roots” bad, pales to the THEFT of all this money TAX FREE!!!!

That should help the “deadbeats getting a free ride” meme to reframe this robbery of USA.

Yep, this whole ball of wax is plain “ROBBERY OF USA.”

[Chunga85]

FSU just pulled ahead of Boston College. 7-6.

Ha! Global meltdown can wait until after sports.

Gotta fling this on during during a commercial break.

More blather from another blogger

I've thought this all along myself. Coming soon - "The United States Department of Absurdities"

ping on/off let me know

[Fred]

This seeking of a protective order is merely an attempt to terrorize those employees that are awaiting depositions...This is what happens when a corporation becomes a pet of the gov’t...they become untouchables...

[Fred]

We will see more of these unfold

http://www.nakedcapitalism.com/2010/10/msm-distancing-itself-from-bank-party-line-on-foreclosure-crisis.html

The Times has a completely different sort of account, with a headline that is remarkably blunt: “Avoid Foreclosure Market Until the Dust Settles.” This is the sort of article that gives industry lobbyists nightmares. And with good reason. It contains a horror story that is enough to scare lots of people who are thinking of buying properties out of foreclosure.

Just as the account of a man who had his house foreclosed upon when he has no mortgage persuade a lot of people that there could be real problems with foreclosures, this one illustrates how title has become a mess.

Todd Phelps and Paul Whitehead bought at a foreclosure auction. It turns out the lender who had seized the house was the second mortgage-holder; unbeknownst to them, the property had a large first mortgage outstanding, which meant it was now their obligation.

The buyers had asked their broker to check the records to make sure the title was clear; he appears not to have done so. The auction company would not refund their payment.

But the really nasty bit here is…both loans on the house were from the same bank, Wachovia, now part of Wells Fargo. The Times story does not draw out the implication: first, that the bank foreclosed on a second, rather than a first (is that a weird way to provide a data point to justify not writing all seconds down to zero? And the fact that the buyers were saddled with the first says, in effect, that Wells defrauded the first mortgage holders, presuming, as is likely, that the first mortgage was part of a securitization, as opposed to on Wells’ books. The proceeds of the foreclosure sale should have gone to the first lien holder, not the second.

The hapless buyers did get out whole; the inquiries of the reporter led Wells to reverse the deal. But anyone in that situation who didn’t get a big media outlet shining a bright light on the transaction would have been stuck. Caveat emptor indeed.

[Kartographer]

Clearly these people are ‘dead beats’ because foreclosures only happed to ‘dead beats’.

[stephenjohnbanker]

Boston College= alma mater= Grrrrrrr!!

[Chunga85]

The judge denied the plaintiff's motion.

[NVDave]

Just a bunch of deadbeats. Why, throw those clowns in debtors’ prison! I’m not going to stand for these clowns getting a free ride!

[Lucius Cornelius Sulla]

‘Don’t bother him now, he’s on a roll.’