Dylan Ratigan has been a powerful journalist in the investigative media exposing the frauds and government mismanagement of the Wall Street Ponzi scheme that lead to the worldwide financial collapse. Delaware AG Beau Biden is the most recent of attorneys general to file a lawsuit on behalf of the homeowners in Massachusetts against MERSCORP, Inc. Ratigan’s interview with AG Biden identifies the significant issues that ALL attorneys general (including Hawaii) should be considering.
As most of us are aware – it’s about time that MERSCORP, Inc. became the thrust of the AG’s investigations. It’s also about time that JUDGES started reading up on the lawsuits against MERSCORP, Inc. and it’s “straw man” empty shell entity Mortgage Electronic Registration Systems, Inc. and quit giving them a free ride. STOP making BAD law thinking you are protecting your pension and retirement funds – THEY ARE GONE!
The average person is wondering why America can’t get out of this Depression and while we are not in bread lines like the 1930s – we’re getting awfully close. Families are being displaced by foreclosures. More tents are popping up around the cities and jobs are still hard to find.
To help understand what happened and what we can do about it let’s start with DERIVATIVES. These are unregulated investment vehicles that gambled away pension and retirement funds from around the world – so Wall Street could get rich… quick! This small clip, from the excellent documentary INSIDE JOB, explains in easy-to-understand terms how Collateralized Debt Obligations, or CDO derivatives, were instrumental to the global financial meltdown.
I highly recommend this documentary. INSIDE JOB sheds light on what really happened in 2008. Here’s a clip with the whole movie to follow. Continue reading →