Western Strike: California, Nevada Team Up To Prosecute Mortgage Fraud

Tuesday, December 6, 2011 Western Strike: California, Nevada Team Up To Prosecute Mortgage Fraud California and Nevada's attorneys general are expected to announce Tuesday that they are teaming up to prosecute mortgage fraud in their respective states, according to sources familiar with the discussions. The planned cooperation between the attorneys general in two of the states hardest hit by the collapse of the housing market could shift the landscape of the national foreclosure crisis. For one, the new partnership could weaken attempts by other states and the Obama administration to negotiate a single, national foreclosure settlement with the nation's five largest home-loan companies over alleged misdeeds, such as the mass-signing of foreclosure documents and the foreclosure of borrowers who were in the process of seeking mortgage modifications. OFF THE HOOK: Official Says Financial Execs. Likely Won't Face Criminal Prosecution Balance Transfer Day Is Not What It Seems Corzine Warned About Europe Bets Before MF Global Collapse Bernanke: Reports On Fed Contained 'Egregious Errors And Mistakes' BLOG POSTS Christine Lagarde: The Arab Spring, One Year On Almost one year ago, countries in the Middle East region embarked upon a historical transformation. Today, the state of play remains uncertain, with the setbacks and intensity of disruptions larger than expected. Dylan Ratigan: Leverage: The Dynamite Strapped to Our Markets The world's financial system is so tightly linked, so tightly coupled, that semi-random events halfway around the world with zero real economy impact on anything American can still crash our economy. Janet Tavakoli: Chanos Crash: Timing China's Financial Meltdown China is becoming a version of the U.S., but it's the version that builds lots of Penn Centrals in record time to connect slapped together empty cities before going bankrupt. José Fernando López: Where in the World is... Europe? What is curious is that Bieber had forgotten about Europe. Though it appears that he is not the only one to have forgotten about the old continent. Michael Lingenfelter: Mobile Commerce Brings the Online Offline Mobile apps are creating new ways for people to shop smarter, bringing the online offline to transform the retail experience and entice people back to stores.

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