EXPERT WITNESSES: Fraudulent Assignments of Mortgage are Void

Posted on November 30, 2012 by Deadly Clear

Good information sometimes bears repeating.

The over-burdened judiciary isn’t always up to speed as quickly as it ought to be and good case law doesn’t always make it to the top of the pile for the clerks to review and digest. Even good attorneys occasionally miss pertinent material.

So, let’s go back to about 2 years ago when Yves Smith, who is an absolutely brilliant author and blogger of “NakedCapitalism” and 4closureFraud, truly a leader in the foreclosure defense blogging pack, wrote about an Alabama securitization case named U.S. BANK v. ERICA CONGRESS.

Of course the case went to appeal and the outcome of the appellate decision was a unanimous decision, the Alabama Court of Civil Appeals reversed a lower court decision on a foreclosure case, U.S. Bank v. Congress and remanded the case to trial court. The reasons hinged upon 2 superb expert witnesses. Continue reading →

Inside the Hostess Bankery – A Hostess Employee Tell-All

Posted on November 25, 2012 by Deadly Clear

Via Crooks & Liars, the Daily Kos, a story that reads like a horror movie script. A Hostess Employee Tells All About CEO Gutting Pensions, Pay Scales.

Amazingly, Washington did not offer Hostess a bailout. This discriminatory policy may be a constitutional violation — denial of equal protection of the laws. Since the onset of the financial crisis, the government has decided that some systemically important financial institutions are too big to fail. Why, any fair-minded person will ask, was Hostess not TBTF? How can the American government let an 82-year-old brand can die?

Well first, there is the apparently failed oversight “accounting error”:

Continue reading →

Wall Street Killed Twinkies – Not the Unions

Posted on November 18, 2012 by Deadly Clear

Over-Leveraged Acquisitions, Mergers, and Bad Wall Street Investments Killed Twinkies – Not the Unions. Another Death by a Hedge fund.

If it wasn’t obvious after the Wisconsin tirade of union abuse that big business wants to bust all unions – it certainly should be now. Looking at any company’s or municipality’s financial debacle you will usually find a link to bad Wall Street advice or investments. This is certainly true for Hostess Brands.

Founded in 1930 by Ralph L. Nafziger, the sad story of the demise of Hostess Brands, formerly known as Interstate Bakeries Corporation, and its bankruptcies stem from more recent bad management and investment decisions which created the loss of its employee pension funds – a problem that our government fails miserably to protect and properly regulate. Continue reading →

Bix Weir: The Problem Is….IT WON’T FIX THE PROBLEM!

Posted on November 12, 2012 by Deadly Clear

Bix Weir is a freelance author and analyst dedicated to exposing the long term manipulation of the gold and silver markets. More times than not, Bix Weir hits the nail on its head because he is not bought and paid for or constrained by conventional thinking.

Today’s email – after the week long aftermath of a less than messy, heartfelt election – put the thoughts of the masses into perspective and is definitely worth re-blogging to share. Continue reading →