Massachusetts Foreclosure Ruling: ‘Landmark’

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Jan. 10 (Bloomberg) — Joshua Rosner, an analyst at Graham Fisher & Co., talks about the implications of a court ruling against US Bancorp and Wells Fargo & Co. in a Massachusetts foreclosure case. The state Supreme Judicial Court upheld a judge’s decision saying two foreclosures were invalid because the banks didn’t prove they owned the mortgages, which he said were transferred into two mortgage-backed trusts without the recipients’ being named. Rosner speaks with Deirdre Bolton on Bloomberg Television’s “InsideTrack.”Copyright Bloomberg 2011 ยง 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include โ€” (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work. Massachusetts

25 comments to Massachusetts Foreclosure Ruling: ‘Landmark’

  • FatReleaseSystem  says:

    Really enjoyed you video informative. When you have time come visit my channel!

  • ThePrezidentialbey  says:


  • plalelal  says:

    @medini2 What happened to Jesse’s show?

  • tilon2000  says:

    Hmmm, one dislike from a disgruntled wanker…er, I mean banker.

  • 87solarsky  says:

    Download the full show here (first remove brackets () in web address!): 4shared(.)com/audio/QTo7NC6c/CoastToCoastAM1-06-2011Precari.html

  • passantes  says:

    Until banks are held accountable for perjury and fraud upon the court, nothing will change.

  • passantes  says:

    Unfortunately the bank will get a continually refile false forged documents until they get it right, as some point they will get a chance to foreclose, the note can still be transferred albeit late, it will create expensive problems, as investors sue the trustee, but the bank will still eventually foreclose.

  • hanksnow82  says:

    All this is going to do is drag out the forclosure process on these homes . People don’t seem to understand until we get all these forclosures done the housing market is not going to recover .

  • Donbadajoz  says:

    @fal2grace most likely that judge will end up dead somewhere, just because the banks want to make a point.

  • medini2  says:

    @Horse237 Sending the world’s jobs& mostly to china. jessie ventura did a vid on how we are sending huge amts of water to china for their hydroelectric plants .. I think it was said that a private company is draining or pulling off the Great Lakes & shipping it to China . It makes sense that other countries would have to send a cerain portion of their water to china as well, as china is using large amts of water for it’s manufacturing and essentially “exporting” w/ each product sold.

  • medini2  says:

    please take a look at this vid, called “banking partners in crime” & can you tell me how it pertains to this mortgage crisis, if at all.


  • fal2grace  says:

    @iknownothingnow they’ll sure try, but I’m glad to see the judges are standing up a bit

  • TheNewMusicNetwork  says:

    the banks are corrupt. ask to see the note!

  • TheNewMusicNetwork  says:

    @Horse237 thank you mr clinton!

  • Horse237  says:

    It seems NAFTA was co-ordinated with the massive Chinese yuan devaluation in 1994 that combined to send our jobs overseas.

  • crlwllns  says:

    We, have a saying here in Wash, D.C. “A mans best friend, is his dog”!

  • iknownothingnow  says:

    Finally, finally โ€“ FINALLY, a dribble of some good news. It takes a judge โ€“ not a politician to help the citizens.
    We just have to watch what the elected non-representative politicians will do next to strike down the judges ruling.

  • fal2grace  says:

    @Airave Thank you much G.

  • Airave  says:

    @fal2grace Very bad indeed.
    I cleaned my glasses twice
    hoping I’d misread when
    I first read that. =/

  • Airave  says:

    I’d rather see dishonest banks/bankers fall
    before good, hardworking families losing
    their houses and landing in the streets.
    What a tragic mess this all is!
    Thanks again, Deb!

  • fal2grace  says:

    @seriouslycurious1 we were supposed to get quite a bit… no snow yet…

  • fal2grace  says:

    @zeno57 wow zeno i didn’t realize he was involved in nafta … thanks

  • zeno57  says:

    The JP morgan excecutive Dayley to Obama`s chief of staff is not the only bad thing.He was instumintal in pushing NAFTA through when he was in Clinton`s admin. Maybe he can outsorce anouther 50 million American jobs,,,the bankster bustard

  • seriouslycurious1  says:

    @fal2grace it’s so f***ed up it’s funny, actually..i mean..gotta be like a duck and let the small shit roll off your back, right..hey some neighbors are allready fourwheeling through the snow here, ROFL i’m jealous!

  • fal2grace  says:

    @Will224000 yes the JP Morgan appt to chief of staff is a bad indicator…

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