“What policy makers are starting to realize is that the absence of prosecutions and regulatory action against these banks has produced a profound loss of confidence not only in the financial markets but in the leader of the financial markets (the United States) to control itself and its own participants in finance. It’s not just …
Sign Up for Wednesday Anaheim Conference for Homeowners and Paralegals Reality in Iceland: prosecution and letting the chips fall to the table August 27, 2012. Neil F Garfield. Mainstream media and in particular Krugman and Ritholz have echoes what Simon Johnson and I have been saying for years. It’s not a question of theory or …
Fixing the Housing Market So It's Safe to Buy or Hold Read More »
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE BREAK UP BANK OLIGOPOLY EDITOR’S COMMENT: Amongst many other respected and experienced economists, Simon Johnson has been vocal in his basic premise: The bank oligopoly must be destroyed if we are to see any real possibility of recovery that will positively impact the …
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE CONSUMERS DON’T COUNT EDITOR’S COMMENT: Fascism is a system in which the government is essentially run by business. The premise of fascism is that successful commerce (as measured by the government that is controlled by business) leads to a successful society. Italy tried it and we …
SIMON JOHNSON: OCC SELLS OUT TO BANKS: CONSUMERS DON'T COUNT Read More »
EDITOR’S NOTE: Johnson is a leading economist who has been a consistent critic of anyone who fails to face reality. Applying his knowledge as an economist form the International Monetary Fund, his point is that we have a bank oligopoly in control of our society and that the TBTF banks are running the show. I …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: In keeping with the full court press by the mega banks, legislators are following their orders taking aim at anything that could unravel the credit mess, title mess, foreclosure mess and economic crisis in this country. Wall Street is running the show. Maybe somewhere along the line …
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ SEE modification-plan-sought-follow-the-money-not-the-paperwork EDITOR’S NOTE: Moynihan is pulling out the old argument, trying to stir up people who have been paying their mortgage so he and the other mega banks won’t be required to cough up trillions of dollars they stole through fraudulent appraisals of property inducing …
BOA SAYS NO TO CORRECTION OF PRINCIPAL: "UNFAIR AND UNEXPLAINABLE" Read More »
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ Is the New York Fed Making a Big Mistake? EDITORIAL COMMENT: You might think that getting rid of the FED is a good idea and if there are no changes in FED policy I might agree with you. I still maintain my optimistic and my hope. …
EDITOR’S COMMENT: Once again Simon JOhnson hits the nail on the head. Those of you who want a more sophisticated picture of this mortgage mess along with the macro-economic view would do well to visit www.baselinescenario.com. With the latest move in New York allowing legal aid to homeowners in foreclosure, the number of contested cases …
