Wall Street operating like the Wild West: Miami homeowners facing foreclosure should fight back

March 7, 2011

Leave it to Rolling Stone to tell it like it is. In an article that spells out what so few government officials want to talk about, the magazine sets out what foreclosure attorneys in Miami already know: Wall Street and the greed of large banks brought the economy to its knees and yet government intervention has concentrated primarily on protecting those very same institutions.

Those looking to stop foreclosure in Miami need to seek out experienced and aggressive legal help. Banks and mortgage companies have treated no one fairly throughout the process and are not about to start now.
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Rolling Stone reported in no uncertain terms what anyone dealing with foreclosure in South Florida knows all too well: "Everything is Fuc$ed up and nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collective destroyed billions, in fact trillions of dollars of the world's wealth."

AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America, Countrywide Financial and Morgan Stanley. To name a few. Billions in bonuses were paid for handing out bad mortgages and now those same institutions -- the ones that survived, anyway -- are now trying to take your home.

Some of the companies have been forced to settle with the government over alleged wrongdoings. As one judge put it, "If the allegations in these settlements are true, it's management buying its way off cheap from the pockets of their victims."

And not one of the alphabet soup of government agencies in place to protect the public- the FBI, FDIC, SEC to name a few -- have done anything but protect the Wall Street banks. In fact a former chief accountant with the SEC went so far as to say "I think you've got a wrong assumption -- that we even have a law enforcement agency when it comes to Wall Street."

Perhaps never has there been a time in American history when the nation's largest corporations were permitted as much leeway when it comes to raping and pillaging that hardworking middle class. If you are dealing with a foreclosure, you had best find an experienced lawyer to fight for your rights and the financial well-being of you and your family.

If you want to know just how bad the nightmare can get, read out HAMP story on our Miami Foreclosure Lawyer Blog, which tells the story of a homeowner who had twice worked out a modification with his bank, only to have the bank file a default notice and/or sell his note to a different bank where the process started all over again.

Seek representation and negotiate from strength.

If you need help with foreclosure issues in Miami or the surrounding areas, including short sales, deficiency judgments, strategic defaults or other help for Miami homeowners, contact Bruce Jacobs & Associates for a confidential appointment to discuss your rights. Call (305) 358-7991.

Why Isn't Wall Street in Jail_ _ Rolling Stone Politics.pdf