Articles Posted in Debt Defense

Tom Grady, a wealthy Naples resident and former Florida state representative (R-Naples), served in the Florida House from 2008 until 2010.  He did not run for re-election in 2010.  Instead, Kathleen Passidomo was ran unopposed in Naples.  In 2011, Grady was appointed by Gov. Rick Scott to be the Commissioner of the Office of Financial Regulation.  He’s…

Yesterday, EvanMRosen.com blog published on the Education Debt Crisis here.  Now, this blog has not yet garnered the status of the New York Times, but on the same day, the NYT, published both a video and an article on the exact same topic. One of the only ways to shed student loan debt, even in bankruptcy,…

“When the banks went under and the stock market went way down … I lost [most] of it,” said Charlotte Wahlstrom, 74,  who lives in a trailer in a small town in Michigan and gets by on $140/month in food stamps. This wasn’t part of her retirement plan. After her divorce in 1976, Wahlstrom continued…

A new report from the National Employment Law Project highlights America’s Low Wage Recovery.  This is not news to anyone living in the real world outside of politics, high level government, or finance. What this report shows is that the poor and teens struggle to find any jobs at all because of the downward displacement of the formerly middle…

When financed through complex credit schemes that lack basic consumer protections, homeownership and higher education can quickly become debt shackles instead of the promised brass ring of financial security and middle class status.  In today’s harsh economic and jobs climate, education debt that burdens millions of young Americans is often far in excess of their…

The National Mortgage Settlement which gave Ally/GMAC, Bank of America, Wells Fargo, Chase, and Citi a very easy out for massive financial and real estate crimes is getting a lot of mainstream media coverage in the wake of the release of the first report card. The full report card is here.  Florida’s stats are on page…

When the federal protections put in place to prevent another financial crash after the Great Depression (Glass-Steagall Act of 1933) were repealed in 1999 (Gramm-Leach-Bliley Act) it wasn’t long before the 2008 financial crash followed.  Then came a massive bank bailout in which programs were implemented to help prop up failing financial institutions with hundreds…

Many Americans today are all too aware of the nation’s new demographic, the disappearing middle class.  Those  who fit into this group lived the American dream and lost everything in the aftermath of the man-made financial crisis.  The top financial institutions got bailed out from their dire predicament while the country’s small businesses and individual…

The Department of Justice, which has not exactly been chomping at the bit to investigate or prosecute the financial industry fraud that lead to the global economic crash, the depletion of savings, and the loss of millions of American families’ homes, has settled with three banks over “discriminatory lending practices”.   Our firm, which specializes in…

The foreclosure fraud crisis and the student loan debt crisis spring from the same roots, sharp reduction in borrower protections, heavy lender lobbying influence (via campaign contributions) over elected officials, and a system where loan defaults are more lucrative than performing loans. Unfortunately, in the thick of a presidential campaign, we hear no policy or…