economy

Banks Controlled Independent Reviews

“TARP was supposed to cover losses from defaulting loans. But then it was switched to make direct capital infusions into the mega banks. Why the switch? Because everyone realized very early on that the banks had no losses from defaulting loans. It was the investors who made the loans and would take those losses. But …

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Media Still Taking Their Queues from Wall Street

CHECK OUT OUR DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). Editor’s …

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Ghost Equity — the House Next Door

The biggest problem I encounter when speaking with people who are up to date on their payments is why should the others get a break when they are still paying. My answer of course is that they probably shouldn’t be paying because their debt was probably paid long ago through multiple sales of the same …

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Advice to Politicans: Run Against the Banks, not Foreclosures

GOOD CAMPAIGN SLOGANS: “I will fight to bring the mega-banks under control” ” I will fight for reporting requirements that reveal insolvent banks before they threaten our financial system again.” ” I will fight for audits of reporting to identify exotic financial instruments that are cover-ups for PONZI schemes” ” I will fight to recover …

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Barofsky: We Are Headed for a Cliff Because of Housing

Editor’s Note: Hera research conducted an interview with Neil Barofsky that I think should be  read in its entirety but here the the parts that I thought were important. The After Words are from Hera. After Words According to Neil Barofsky, another financial crisis is all but inevitable and the cost will be even higher …

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Politics Diverting Us From the Real Issues

“The bottom line is that conservatives don’t conserve anything. They have their hand deeper into the public purse than anyone else. Liberals don’t liberate anyone either, providing the tools to prospects for progress and prosperity. The terms should not be used because nobody means what they say.” Neil F Garfield livinglies.me Editor’s Comment: Romney’s latest …

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Consumer Gloom: Could it be Housing?

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “That has led a growing number of economists to argue that the collapse of housing prices, a defining feature of this downturn, is also a critical and underappreciated impediment to recovery. Americans have lost a vast amount of wealth, and they have lost …

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NY TIMES: LOUSY JOBS, NO JOBS, NO GOOD PROSPECTS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: The Times Editorial hits the nail on the head, but uses the wrong hammer. Jobs and growth of the middle class is the only thing that will stand between us sustaining ourselves as a world power or becoming a banana republic. …

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GOVERNMENT OFFICIALS NEGOTIATING (SELL-OUT!) WITH BANKS AND TAKING POLITICAL CONTRIBUTIONS SIMULTANEOUSLY

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE SELL-OUT! EDITOR’S COMMENT: WHAT ARE THEY NEGOTIATING ABOUT AND WITH WHOM ARE THEY NEGOTIATING? This is theater in the most absurd. Our government is negotiating with the very people who have demonstrated that they must fabricate and forge documents in order to establish …

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NY Times Editorial: As Housing Goes, So Goes the Economy

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Where were they three years ago? Well it is still a good thing that the lead editorial connects the dots. The housing market is continuing to decline and it will continue as long as we regard the foreclosures as having any color of legitimacy. …

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HOME PRICE CRASH STARTS ALL OVER AGAIN

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FRAUDULENT FORECLOSURES WEIGH HEAVY ON ECONOMY EDITOR’S NOTE: The illusion of securitization has popped as analysts pore over balance sheets and income statements, coming up empty — no real assets worth the necessary amount to sustain the megabanks while at the same time the real assets are not perceived …

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Alabama Court: Busted Securitization Prevents Foreclosure

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FAILURE TO COMPLETE TRANSFERS BARS FORECLOSURE FOREVER NOTABLE QUOTE: “the judge found the securitization of the Horace loan wasn’t done properly, so the trustee — LaSalle National Bank Association, now part of Bank of America (BAC) — couldn’t foreclose. In …

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Housing starts see biggest drop since 1984

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: That we have ANY housing starts is nearly preposterous considering the number of homes that are unoccupied — mostly because the banks don’t want to report on the financial outcome of selling them. In truth, the banks are taking these homes with “credit bids” which is to …

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America Is Not Broke

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ “For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the …

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