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Why Haven't Bailout Funds Trickeled Down from Wall Street to Average Americans?

Foreclosure Help Runaround

January 26, 2009

Despite all the rallying cries of foreclosure help by the banks, people actually losing their homes say they're being met with a different reality. Instead of help, they get the run-around.

Source: Consumer Warning Network

Mortgage Squatting - CNN (Toledo Ohio)

January 30, 2009

With foreclosure looming and powerless to do little else, troubled homeowners trying to hang onto their home are being advised to just stay in their homes despite foreclosure proceedings.

Mortgage Help: Talk is Cheap

April 18, 2008

With foreclosures and bankruptcies soaring nationwide, both government and private industry have been promising help to homeowners. But is that help materializing?

House Finance Panel to Bankers: Where's the Money?

February 11, 2009

In this clip, Rep Gary Ackerman D-NewYork, confronts bankers and demands to know where the tax bailout money went?

C-span coverage of House financial services committee confrontation with America's biggest bankers. Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on Wednesday February 11, 2009 in Washington.

The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

Mortgage Mess 2002

Channel 8 TV - WFAA.com

Watch Bear Stearns' EMC Mortgage lie in this video. EMC later testified during a 2004 trial that Wright was never in default and also testified they did not own Mr. Wright's note.

While still on the witness stand, EMC was asked: So you saw Bank of America's errors, but rather than correct the mistakes, you just decided to steal Mr. Wright's home and equity didn't you?" EMC answered: "Yes."

Within moments, the judge shut down the trial and recused herself. The trial was never finished.