Sense on Cents: Message for Tim Geithner On the Release of Stress Test

By Larry Doyle

Dear Tim,

Geithner bookCongratulations on the release of your book. I assure you that I will read it and review it here at my blog.

Given your positions formerly as head of the New York Federal Reserve and Secretary of Treasury, you will certainly receive enormous media attention and exposure in touting your book and your take on dealing with the crisis of 2008. To wit, I see just this morning that The Wall Street Journal is running your editorial entitled The Paradox of Financial Crises.

Tim, let’s cut the bull$hit.  Continue reading

Fannie and Freddie have not ‘repaid’ taxpayers one thin dime.

Bailed Out Fannie and Freddie Are Repaying Taxpayers? Answer:  FALSE

freddie_fannieIn a recent Committee on Financial Services report the truth comes out about government sponsored Fannie and Freddie that foreclosure defense experts and “MERS Blur” researchers realized long ago… There is no way Fannie and Freddie can ever repay the bailout debt; and, they were at the helm of the mortgage Ponzi-like scam to the detriment of the American public.

Washington, Nov 7 – Direct from the Committee’s website: Continue reading

CREDIT SLIPS – Crisis Books… a phenomenal resource

Credit Slips logo

Crisis books  posted by Alan White

I recently stumbled on this excellent compendium of more than 300 books on the financial crisis.  It also includes a list of 25 or so books that predicted the crisis, as well as a useful link to an annotated list of individuals who can be given credit for predicting various aspects of the crisis. [This is terrific reference material. Be sure to bookmark. DC Ed.] Continue reading

Have We Reached A Tipping Point In The Financial System?

The Daily Sheeple logo

The DAILY SHEEPLE says:

“March and April 2013 may go down in history as the tipping point for the western financial system.

We have already seen:

  • Lehman Brothers and many other financial firms collapse.
  • $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers. Continue reading

Capital flight has become a serious threat to the Cypriot economy


Cyprus bank queueYes. The entire Cyprus population as of today will be fully employed for the foreseeable future. Their jobs…

STANDING IN LINE AT THE BANK TO GET THEIR DAILY CASH ALLOTMENT!!

The calm reported in the media just turned to ANGER in Cyprus. Continue reading

HAMP – The Modification Scam …and NOW SETTLEMENT SHAM!

By Shelley Erickson, January 18, 2013

HOC_slide01_01The contents in the synopsis of the Wall Street and the Financial Crisis: Anatomy of a Financial Collapse will bring you up to speed on how, why and what happened causing the recent crimes against the homeowners by the banks, S&P and our politicians that led us into the HAMP & MOD SCAM AND NOW SETTLEMENT SHAM. Continue reading

EXPERT WITNESSES: Fraudulent Assignments of Mortgage are Void

Good information sometimes bears repeating.

BearThe 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

The Silent Killer – like a heart attack – these thieves will destroy America

“Someday, it will go down in history as the first trial of the modern American mafia,” wrote Matt Taibbi in June 2012 in Rolling Stone’s The Scam Wall Street Learned From the Mafia – How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape.  Add that to Neil Barofsky’s new book BAILOUT where he discusses how this behavior stems from the fact that the Wall Street banks control and manipulate the U.S. Treasury…

And we begin to understand why this seems to be a never-ending nightmare.

Continue reading

Define “Responsible” Homeowners – Please! An open letter to President Obama.

COMMENTS ARE WELCOMED.

We’re fortunate in Hawaii to have accessible U.S. Senators who have been on a first name basis with with their constituents forever. And at times like these U.S. Senator “Dan” Inouye has always been our “go to guy.” 

Aloha Senator Inouye –

This morning we received the email of President Obama’s Weekly Address:
It’s Time for Congress to Help Responsible Homeowners.

Continue reading

Chapter 8 “Foaming the Runway” – Hero Neil Barofsky’s BAILOUT

Neil Barofsky is the author of the new book “BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”  If you read anything in Neil Barofsky’s new book – BAILOUT, you MUST read
Chapter 8 “Foaming the Runway”.  

Continue reading