The most obvious places to look for correction in the illegal conspiracies masquerading as securitization of residential debt were the IRS , the SEC, the FDIC and the FTC and probably later the CFPB. Qui tam (whistleblower) actions were regularly dismissed because the agency that lost money due to false claims rejected the notion that …
A person with whom I am well acquainted and who prefers to remain in the background just sent the following email to me, Bill Paatalo and Charles Marshall. Thanks to the Virus, I had some free time to catch-up on Neil’s blogs and radio shows; as such, I just listened to your piece with Charles on …
Brilliant Analysis of Securitization Sleight of Hand Read More »
Documents filed with the SEC are not evidence of the legitimacy of a PSA. The PSA was not filed with the SEC although the banks would like you to think so. The document, such as it is, was loaded onto the SEC website without any review or acceptance process. Anyone can load documents onto the …
The Fallacy of Legitimacy: SEC Documents are not Evidence Read More »
SEC “Cease & Desist” Reveals Deception – Wilmington Savings Fund Society, FSB as Trustee / “Transfer Agent” Was Acting On Behalf Of Unknown Investors Posted by Bill Paatalo on Apr 12, 2017 http://bpinvestigativeagency.com/sec-cease-desist-reveals-deception-wilmington-savings-fund-society-fsb-as-trustee-transfer-agent-was-acting-on-behalf-of-unknown-investors/ On September 22, 2016, the SEC issued the following “Cease & Desist” order against “Wilmington Savings Fund Society, FSB” who was the …
What is apparent here is that the Courts are coming to terms with the possibility that those relying upon a statute of limitation as a defense to various claims might NOT be protected by an otherwise applicable statute of limitations. The premise enunciated in a decision that seeks affirmation from the U.S. Supreme Court, is …
Lawsuit Seeking Disgorgement Might Not Be Barred by Statute of limitations Read More »
see also Statement of probable cause: http://documents.latimes.com/statement-probable-cause-wells-fargo-search-warrant/ Search Warrant: http://documents.latimes.com/read-wells-fargo-search-warrant/ Republished by permission. Dan Edstrom is the senior forensic analyst of Livinglies. By Daniel Edstrom DTC Systems, Inc. October 19, 2016 The purpose of Sarbanes-Oxley legislation is to put in place financial controls in order to not only reduce fraud, but to identify risks so …
White Collar Watch By PETER J. HENNING AUG. 29, 2016 Photo In 2011, Robert Khuzami of the Securities and Exchange Commission announced charges against top executives from Fannie Mae and Freddie Mac. Credit Win Mcnamee/Getty Images One source of great frustration from the financial crisis has been the dearth of cases against individuals over …
New York Times: Prosecution of Financial Crisis Fraud Ends With a Whimper Read More »
I’ve talked about this before. It is why we offer a Risk Analysis Report to Community Banks and Credit Unions. The report analyzes the potential risk of holding MBS instruments in lieu of Treasury Bonds. And it provides guidance to the bank on making new loans on property where there is a history of assignments, …
ALERT: COMMUNITY BANKS AND CREDIT UNIONS AT GRAVE RISK HOLDING $1.5 TRILLION IN MBS Read More »
Steal this Massachusetts Town’s Toughest New Foreclosure Prevention Ideas http://www.keystonepolitics.com/2013/06/steal-this-massachusetts-towns-toughest-new-foreclosure-prevention-ideas/ Florida leads nation in vacated foreclosures — and it’s not even close http://www.thefloridacurrent.com/article.cfm?id=33330748 Editor’s Note: it is only common sense. There are several things that are known with complete certainty in connection with the mortgage mess. We know that the banks found it necessary to …
Monday Livinglies Magazine: Crime and Punishment Read More »
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OCC Says Bank Losses Mounting on Defective Foreclosures and Loans Read More »
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Hiding Behind Advice of Counsel No Better Than Ratings Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Tax Preparer Slammed with $24 Million in Fines on Toxic Mortgages Editor’s Comment: You really have to think about some of these stories and what they mean. 1. Where is the synergy in a merger between Option One and H&R …
How Did H & R Block Get into the Subprime Mortgage Business? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Money makes its own morality. Here again the FED and the SEC are planning to slap the wrist of criminals with fines amounting to rounding errors on the scope of theft these people committed. Martha Stewart went to jail and paid …
Whitewashing at the Fed and the SEC: Pennies on the Dollar Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: In my opinion they should not be just sued by a regulatory agency with a civil result. And whatever Obama says he has been told, the acts committed were illegal and probably criminal, despite reports to him to the contrary. Yet …
Ex-Freddie Mac, Fannie Mae chiefs sued by SEC over loans Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE TOO BIG TO FAIL AND TOO BIG TO FIGHT OR REGULATE SEE 74051381-Judge-Rakoff-s-Ruling-in-S-E-C-v-Citigroup-Global-Markets SEE JUDGE BLOCKS CITI SETTLEMENT WITH SEC SEE LONE JUDGE EXPRESSES FURY AT BANKS AND REGULATORS SEE NEITHER REASONABLE, NOR FAIR, NOR ADEQUATE, NOR IN THE PUBLIC INTEREST EDITORIAL COMMENT: …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO SECURITIZATION AND TITLE REPORT AND ANALYSIS AT WWW.LUMINAQ.COM EDITOR’S NOTE: I’m not sure who the actual author of this piece is, but it is very good in many places. Probably John Korman. The point, as we have stated here before, is that there were no loans because …
Borrower is actually entering into an undisclosed investment contract, not a loan Read More »
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: Well we already knew that his son was working in SEC enforcement so it should come as no surprise that the SEC attorney that was involved in payouts to victims was also involved with Madoff. In fact, it should be no surprise that hundreds …
NO SURPRISE: MADOFF CONNECTION WITH SEC and "Mortgage Backed Bonds" Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary WALL STREET: THE UNTOUCHABLES Representative Stephen Lynch, Democrat of Massachusetts, warned: “You think regulation is costly? How about the $7 trillion we just lost from not regulating the derivatives markets.” EDITOR’S NOTE: Our institutions are compromised with moral hazard every way you turn. The FDA, …
SEC FUNDING CREATES CONFLICT OF INTEREST AND BAD NEWS FOR CONSUMERS Read More »
Editor’s Note: Hard to say which way this will go, but it SHOULD go negative for Moody’s, Fitch and Standard and Poor’s. This was appraisal fraud at the OTHER end of the lending chain. Investors were misled as to the value of the security not only because the home appraisals were inflated, and not only …
Moody's Gets Notice from SEC: May Lose Status as Rating Agency Read More »
“a ‘thing’ which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price.” Editor’s Note: Think about it. The foundation of the supply of money that was pressure pumped into our economic housing system resulted in inflation of home appraisals. It was so large that everyone thought the …
Tourre: The CDO's I Create Are "Pure Intellectual Masturbation" Read More »
REGISTER NOW FOR DISCOVERY AND MOTION PRACTICE WORKSHOP 5/23-24 Editor’s Notes: These lawsuits from the SEC, the Class Action lawyers etc., are already producing fall-out — dozens of articles and production of secret emails etc. that can only help your case. Follow them closely as they will inevitably lead to admissible evidence of what you …
Discovery Hints: Goldman Sachs may not be the only firm in SEC cross hairs Read More »
REGISTER NOW FOR DISCOVERY AND MOTION PRACTICE WORKSHOP MAY 23-24 PRINCIPAL REDUCTION IS A RIGHT NOT A GIFT. IF THE OBLIGATION HAS BEEN PAID BY THIRD PARTIES, THEN THE OBLIGATION HAS ALREADY BEEN REDUCED. THE ONLY FUNCTION REMAINING IS TO DO THE ACCOUNTING. ” There should be no doubt in your mind now that virtually …
see comp-pr2010-59 SEC Complaint V GS Fraud “The Commission seeks injunctive relief, disgorgement of profits, prejudgment interest and civil penalties from both defendants.” Editor’s Note: Here is where the rubber meets the road. This same pool of illegal fraudulent profit is also subject to being defined as an undisclosed yield spread premium due to the …
SEC Charges Goldman Sachs With Fraud: Complaint Reveals Discovery Tips Read More »
Editor’s Note: Looking further down the road, when the Ponzi aspect of the Mortgage Meltdown is fully revealed, it will become obvious that both yield spread premiums and the proceeds of credit default swaps, insurance and federal bailout are subject to claims by homeowners. The Trustee’s conclusion as affirmed by the Judge’s ruling in the …
Accounting for Damages: Madoff Ruling May Affect Homeowner Claims Read More »
