REALITY CHECK – The Banks Are Going to Lose the FHFA Suits

Posted on September 10, 2011 by Deadly Clear

The Banks Are Going to Lose the FHFA Suits, So They Are Trying to Shoot The Messenger.

By Abigail Caplovitz Field | September 10, 2011

FHFA Ever since the Federal Housing Finance Authority (FHFA, Fannie Mae & Freddie Mac’s overseer) filed its blockbuster securities fraud suits against 17 banks and 131 individual bankers, a lot of commentators have said, essentially: How dare FHFA sue banks for securities fraud? Fannie and Freddie were crooks too! (Er, Fannie and Freddie were too sophisticated to be fooled! Fannie and Freddie couldn’t have been defrauded by the banks!) Continue reading →

Part III – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Posted on September 5, 2011 by Deadly Clear

Part II: Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Continuing from Part II on DEADLY CLEAR:

And here’s part of the Collapse Roundup I wrote on August 25th, referenced in the beginning of this report – as you will see, I would probably make a lot more money as an investment adviser:

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their Face Time to put your Big Bank shorts on! Get ready for a run…

The chickens are coming home to roost. Reality is catching up with the market riggers (Fed, ECB, PPT, CIA) and the “too big to fail” banks are getting whacked. Trillions of dollars in bailouts and legalized (FASB) accounting fraud cannot save these insolvent zombie banks any longer. The Grim Reaper is on the horizon and his sickle will do what paid off Continue reading →

Part II – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Posted on September 5, 2011 by Deadly Clear

Part II: Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Continuing from Part I on DEADLY CLEAR:

You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

And the suits just keep coming…

BofA sued over $1.75 billion Countrywide mortgage pool

Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying Continue reading →

Part I – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Posted on September 5, 2011 by Deadly Clear

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Turn On Each Other Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup: Continue reading →

Oh Pleeeeze – Where’s the Handcuffs?

Posted on September 2, 2011 by Deadly Clear

Federal Regulators Sue Big Banks Over Mortgages

By NELSON D. SCHWARTZ and KEVIN ROOSE

Published: September 2, 2011

A bruising legal fight pitting the country’s most powerful banks against the full force of the United States government began Friday, as federal regulators filed suits against 17 financial institutions that sold the mortgage giants Fannie Mae and Freddie Mac nearly $200 billion in mortgage-backed securities that later soured.

Continue reading →

U.S. Is Set to Sue a Dozen Big Banks Over Mortgages – Yeah, sure.

Posted on September 2, 2011 by Deadly Clear

So, what’s this? Another charade? Did Geithner or Bernanke suggest, “Hey Barack we’ll fix it, we’ll just file a big lawsuit against everybody and then we’ll cut a deal that let’s the banks off the hook for everything for the $20 billion the AG’s won’t settle on…”

New York Times

By NELSON D. SCHWARTZ

Published: September 1, 2011

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.

The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims. Continue reading →

Hats Off to Bernie and the Gang: First Federal Reserve Audit Reveals Trillions in Secret Bailouts

Posted on September 1, 2011 by Deadly Clear

By Matthew Cardinale, Inter Press Service
29 August 11

he first-ever audit of the US Federal Reserve has revealed $16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” US Senator Bernie Sanders, an Independent from Vermont, said in a statement.

Continue reading →

The Man Who May Bring the Banksters to Justice (If They Don’t Break His Knees First)

Posted on August 29, 2011 by Deadly Clear

Miles Mogulescu for HUFFINGTON POST
Entertainment attorney, writer, and political activist

New York State Attorney General Eric Schneiderman may go down in history as the most important public official in reforming the corrupt financial system that caused the great Financial Crisis of 2008 and holding the perps responsible — if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration to give Wall Street a “Get Out of Jail Free” card.

Eric Schneiderman has played a key role in the investigation of foreclosure fraud and robo-signing by 50 state attorneys general against JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Ally Bank. Reportedly, most of of the attorneys general — Continue reading →

Editorial: Obama Believes “Wall Street is our Main Street”

Posted on August 26, 2011 by Deadly Clear

Editorial Comment
Posted By Dale Parsons
August 26, 2011

Remember Barack Obama’s “Yes we can” victory speech from Chicago’s Grant Park on Election Night 2008? Nearly three years later, what’s happened to the hope and promise of that November evening? For millions of American families struggling with foreclosure, it’s become nothing more than empty words and disappointment from an Administration that believes “Wall Street is our Main Street” and “foreclosures are good for the economy.” Their half-assed attempt to alleviate the foreclosure crisis, HAMP, has proved to be nothing more than a cruel

Continue reading →

Super Hero Schneiderman Kicked Out of Club for Standing Up for America

Posted on August 24, 2011 by Deadly Clear

The time has come to rattle the cages of our Attorneys General, our Governors, our Congressional Representatives and State Legislators. SUPER SCHNEIDERMAN We need to tell them that we support New York’s Attorney General Schneiderman! The one true Super Hero, Eric T. Schneiderman, AG of the great state of New York understands the vast amount of fraud that is associated with securitization.

Schneiderman is not willing to fall in the Obama line dance and allow the banks to get off nearly scot-free for ALL of the wrongs, frauds, abuses and Ponzi scheming that they’ve done. The fearless leader has been outspoken because he knows, just like his predecessor, Elliot Spritzer, that these banks have committed crimes that surpass any “get out of jail” free pardons the failed Obama administration might be willing to give. Continue reading →

As our Founders recognized again and again, free speech and open debate are critical to a functioning democracy. See Benjamin Franklin, On Freedom of Speech and the Press, Penn. Gazette, Nov. 17, 1737 (“Freedom of speech is a principal pillar of a free government; when this support is taken away, the constitution of a free society is dissolved, and tyranny is erected on its ruins. Republics and limited monarchies derive their strength and vigor from a popular examination into the action of the magistrates.”); see also Letter from James Madison to W.T. Barry (Aug. 4, 1822), in 9 Writings of James Madison 103 (G. Hunt ed. 1910) (“A popular Government, without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both.”). Source: The Press Foundation, Amicus Curiae, Twitter v. Holder (2/17/15)