The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.
According to reports from a new Bank of America whistle-blower, BoA is seeking to avoid providing required payments to homeowners to compensate for an initial round of illegal practices by selling off the servicing rights to fly-by-night organizations that specialize in abusing customers.
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