While you were Trick or Treating – so were the Banks on Capitol Hill

Posted on November 7, 2013 by Deadly Clear

While you were tacking on the last sequins of the Halloween costume and watching the World Series – the banks were handing out cash for votes to scale back the Dodd-Frank Wall Street reform law. You probably didn’t hear about it because after that the TSA shooter dominated the news. Another special from “Whaddah I miss?”

The U.S. House of Representatives voted last Wednesday to scale back a much-debated provision of the Dodd-Frank Wall Street reform law, handing bank lobbyists a token victory in their fight against the tougher rules. The much-debated provision centered around derivatives. Those fighting the foreclosure wars need not be told the “devil is in the derivatives.” Continue reading →

Weekend Reading: Calm Before the Storm

Posted on November 1, 2013 by Deadly Clear

The New York Times with an insightful review.

WEEK IN REVIEW NOVEMBER 1, 2013 BY ERIC OWLES

[Editors’ note: Please do not read this if you are a junior banker at Goldman Sachs.]

Sit back and enjoy eating your children’s Halloween candy. Looking ahead to next week, we face possible settlements for JPMorgan Chase and Steven Cohen’s hedge fund as well as Twitter’s initial public offering. Continue reading →

Russell Brand, World’s Greatest Thinker, Summons a Global Revolution

Posted on October 25, 2013 by Deadly Clear

Why can’t America get some articulate celebrities?
By Alexander Aciman @acimania TIME NewsFeed

Comic-turned-social critic Russell Brand’s latest shocking public performance may have just attempted to incite a global revolution. Continue reading →

$High$ Priced Attorneys Don’t Necessarily Buy Truth

Posted on October 10, 2013 by Deadly Clear

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The GLASKI opinion has made the Wall Street banking industry crazy. There was an outcry for publication of this case as it allowed homeowners to challenge fabricated assignments. The Court agreed to publish the opinion.

The securitization case was briefed and argued as a New York law trust case when in fact it was actually a Delaware trust. While the outcome may have likely been the same, the Court’s opinion was based upon New York Trust Law. Thereafter, the banks (that it appears failed to raise these issues during or after the hearings) wanted the opinion to be de-certified for publication. Continue reading →

Wall Street Bank Attorneys Are Sour Grapes Over Glaski

Posted on October 8, 2013 by Deadly Clear

Oh Boo Hoo Morgan Lewis!

Yesterday, Bernard J. Garbutt III (really), a partner with NY firm Morgan Lewis, sent a letter to Chief Justice Tani G. Cantil.Sakauye and the Associate Justices of the Supreme Court of California representing Deutsche Bank National Trust Co., following an October 4, 2013 letter from AlvaradoSmith (representing JPMorgan Chase) requesting depublication of Glaski v. Bank of America, N.A.

Apparently, Glaski makes the banksters uncomfortable enough that they want the decision to be removed from publication based on the fact that the “PSA states explicitly that the Trust is a Delaware Statutory Trust, organized under the Delaware Statutory Trusts Statute, 12 Del. Code Ann. §§ 3801 et seq., and governed by Delaware law. See, e.g., PSA § 10.05 (governing law).” So, the Wall Street banks hired high priced firms to pen letters to the appellate court begging to hide the Glaski decision.

Continue reading →

AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs

Posted on September 26, 2013 by Deadly Clear

You will love this Matt Taibbi article posted on RSN and Rolling Stone. He’s G-r-r-reat!

AIG has a lengthy history of producing some of the biggest tools on Wall Street. Former CEO Maurice “Hank” Greenberg was considered one of the world’s preeminent unapologetic narcissists even before he sued the government for providing an insufficiently generous bailout.

Joe Cassano, former chief of AIG’s financial products division, was another. First, he arrogantly blew off the accountants who warned him his portfolio of hundreds of billions in uncollateralized bets might destroy the world. Then, after it all went Continue reading →

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Posted on September 19, 2013 by Deadly Clear

TruthDig posted the latest Ellen Brown, Web of Debt examination of the financial market.

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows: Continue reading →

CREDIT SLIPS – Crisis Books… a phenomenal resource

Posted on September 11, 2013 by Deadly Clear

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 →

Money Is Not Safe In The Big Banks

Posted on August 28, 2013 by Deadly Clear

Under the Dodd-Frank Act “losses will be assigned to shareholders and unsecured creditors. …as a depositor in a bank, under the law –
YOU ARE an unsecured creditor.”

“The Leveraged Buyout of America” by Ellen Brown, Author, Web of Debt, Public Bank Solution; President, Public Banking Institute

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts.

They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money? Continue reading →

Wall Street’s Mortgage Fraud Scandal. “You can have a house that is fully paid for and still end up in foreclosure”

Posted on August 20, 2013 by Deadly Clear

Wall Street’s Mortgage Fraud Scandal with David Kreiger

In a brilliant interview on Alex Jones’ Infowars, David Kreiger dissects a portion of the foreclosure fraud committed by the banks and their pretender lenders which David’s book, “Clouded Titles” (new updated edition with case cites) exposes.

The mortgage scandal created by banker endorsed deregulation and MERS (Mortgage Electronic Registration Systems) is a fraud that is wide spread and millions of Americans have been affected. What is most frightening is that many of them don’t even know it yet.

“You can have a house that is fully paid for and still end up in foreclosure,” Alex Jones explains and discusses with David Kreiger in detail. A must watch the video below. 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)

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Tag Archives: “Wall Street”

While you were Trick or Treating – so were the Banks on Capitol Hill

Weekend Reading: Calm Before the Storm

$High$ Priced Attorneys Don’t Necessarily Buy Truth

Wall Street Bank Attorneys Are Sour Grapes Over Glaski

AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

CREDIT SLIPS – Crisis Books… a phenomenal resource

Crisis books posted by Alan White

Money Is Not Safe In The Big Banks

Under the Dodd-Frank Act “losses will be assigned to shareholders and unsecured creditors. …as a depositor in a bank, under the law –
YOU ARE an unsecured creditor.”

“The Leveraged Buyout of America” by Ellen Brown, Author, Web of Debt, Public Bank Solution; President, Public Banking Institute

Wall Street’s Mortgage Fraud Scandal. “You can have a house that is fully paid for and still end up in foreclosure”

Crisis books posted by Alan White

Under the Dodd-Frank Act “losses will be assigned to shareholders and unsecured creditors. …as a depositor in a bank, under the law – YOU ARE an unsecured creditor.”

“The Leveraged Buyout of America” by Ellen Brown, Author, Web of Debt, Public Bank Solution; President, Public Banking Institute

Under the Dodd-Frank Act “losses will be assigned to shareholders and unsecured creditors. …as a depositor in a bank, under the law –
YOU ARE an unsecured creditor.”