“The Fed messed with the wrong senator…” posted David Dayen on Salon. Sen. Elizabeth Warren (D-MA) grilled federal officials about illegal bank foreclosures at a Senate Banking Committee hearing on Thursday. She wanted to know if they would give information to victims of illegal foreclosures–or if they just want to protect the banks. Warren asked, “You now know individual cases where the banks violated the law, and you’re not going to tell the homeowners, or at least it’s not clear yet whether you’re going to do that?” Continue reading
Tag Archives: economy
Weekend Reading: The Property Illusion
How many people have to lose their savings, their equity and their pensions before there is a revolution – or is the intellectual revolution already here – “refuge to reconstruction”? That is the $54 Billion dollar question.
Posted by Larry Doyle, Sense on Cents
One man’s wealth tax becomes another man’s wealth confiscation
I have no doubt that given the need for sources of revenue by Uncle Sam and other sovereign governments, the topic of “the protection of property rights” will be increasingly brought front and center in the public arena.
We saw this play out in Cyprus just a few weeks back, and we witness another example of this topic just the other day in a WSJ article, Now He’s After Your 401(K). Continue reading
THE PAST BECOMES THE PRESENT – A ‘WAG THE DOG’ WITH THE POTENTIAL FOR A NUCLEAR NIGHTMARE?
Wolfowitz:
THE IRAQ WAR WAS A LIE- LISTEN TO BUSH INSIDERS….DESCRIBE WAR CRIMES
Posted by: Matthew D. Weidner, Esq. | on April 5, 2013
“Hubris” (Full Film) Iraq War Documentary – Rachel Maddow (02-18-2013)
MSNBC host Rachel Maddow reports on how the Bush administration viewed the terrorist attacks of 9/11 as an opportunity to remove Saddam Hussein from power in part one of Hubris. Continue reading
The Life of the Land is Perpetuated in Righteousness – Except in the 21st Century of the American Foreclosure Court System
And unless Americans are willing to face the facts and hold people (including corporations) ethically and financially accountable, we will lose the land and freedom we have fought so hard to protect. Democracy is in distress.
The question every American is asking is “when will this depressed economy start to recover?” The typical political answer is, “there is no silver bullet.” Then why do these politicians keep using the shotgun approach against homeowners?! Continue reading
EMERGENCY NOTICE: New Century Mortgage Trustee Motions to Destroy Mortgage Files
February 28, 2013 – See Attorney Wendy Alison Nora’s Comment below –
ATTENTION ALL NEW CENTURY MORTGAGE HOMEOWNERS AND FORECLOSURE DEFENSE ATTORNEYS:
NOTICE OF MOTION TO DESTROY NEW CENTURY MORTGAGE LOAN FILES
On February 14, 2013, New Century Mortgage Liquidating Trust Trustee, Alan M. Jacobs motioned the court to allow him to destroy and abandon “certain” Mortgage Loan and Business files (Order Authorizing the Immediate Abandonment and Destruction of Certain Mortgage Loan Files and Non-Mortgage Loan Business Files). It is so immediate that respondents have only until February 28, 2013 to answer! Click here for the Destruction of Files Motion. Continue reading
Bloomberg Terminal Iceberg – Tortious Interference?
Who Forced BLOOMBERG TERMINAL To Shut Down ALL Audit Service Providers? Can You Say Tortious Interference?
A couple of weeks ago forensic auditors and attorneys ran into the Bloomberg Terminal iceberg when Bloomberg Terminal (a securities stock searching software program) locked them out of the loan finding program [LFND]). Without warning Bloomberg Terminal shutdown access to the loan searching program that had been used by numerous companies to research securitized trusts and the loans within in them. It appears too many loans had been found in trusts when the servicers were claiming ownership. What better way to stop the truth than to try to sink the ship?
When there’s no one left in the middle class to rape, guess you have to move up the ladder…
Obama’s mortgage freebies: No-money-down mortgages are back
By AnnaMaria Andriotis, WSJ Market Watch
Some affluent buyers are getting the keys to their new home without putting a penny down.
It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They’re almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral—the house and a portion of the client’s investment portfolio in lieu of a traditional cash down payment…. Continue reading
AG Jack Conway Calls MERS a Ghost and a Front – Files a Lawsuit Against MERSCORP Holdings, Inc.
Weep no more my lady
Oh! weep no more today!
Bravo – Kentucky Attorney General Jack Conway!
Attorney General Jack Conway announced that his office filed a lawsuit on January 23, 2013 in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. The lawsuit is a result of Attorney General Conway’s investigation of mortgage foreclosure issues in Kentucky.
The lawsuit alleges that MERS violated Kentucky law by not Continue reading
Dear Lanny – The “Intent” is at the Top …and in the Patents.
Watching the PBS FRONTLINE | Untouchables left a lot of questions about the approach our U.S. government has taken to correct the securities corruption.
More importantly, nothing much has changed much since 2003 when the chaos that took down our economy ramped up into a full blown man made financial force majeure… Continue reading
“Fraud Was … the F-Bomb”
PBS FRONTLINE – Watch closely – click here.
“To hear some on Wall Street tell it, no one saw the financial crisis coming. As Jamie Dimon, the chairman and CEO of JPMorgan Chase, explained to the Financial Crisis Inquiry Commission, “In mortgage underwriting, somehow we just missed … that home prices don’t go up forever.” The program in its entirety can be viewed here. It is definitely a must watch!
Continue reading

