EDITOR'S COMMENT: The fundamental facts are that 40% of our GDP is pure vapor and the world knows it. That is the amount that the financial sector "contributes" to the measurement of our economic activity. What does that mean? It means that Where Wall Street once had climbed to the dizzying heights of 16% of GDP, it is now around…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE ALSO MERS 1997 ANNOUNCEMENT OF SERVICES ADMITS EVERYTHING "U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization," EDITOR'S ANALYSIS: THIS IS THE NUCLEAR OPTION AND IT IS UNAVOIDABLE: The pools…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: Starting in 2008 I began a series of interviews off the record with local and state officials in over a dozen states. They don't want the locations disclosed because it would be open invitation for things to get worse if that is possible. The net result is that…[...]

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22 Arrested in LA Foreclosure Protest at Chase Police arrest 22 people protesting foreclosures outside Chase bank offices in Los Angeles The Associated Press 2 comments By JACOB ADELMAN Associated Press LOS ANGELES December 16, 2010 (AP) PrintRSS Font Size: Share: EmailTwitterFacebook More FarkTechnoratiGoogleLiveMy SpaceNewsvineRedditDeliciousMixx Yahoo   Police arrested 22 demonstrators who blocked entry to a downtown Chase bank branch…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor's Note: It occurs to me, reading the comments, that there is a general lack of knowledge as to the identity of the Federal Reserve. I thought people knew, but it is obvious that most people don't know -- including the media and the politicians and pundits. In a nutshell…[...]

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Written by Cathy Moran, Esq More lawyering for faster confirmation of Chapter 13 cases was the advice. The newest judge on our bench called on a room full of bankruptcy attorneys to speed up the flow of cases through his (packed) courtroom by taking discovery.  When an informal request of the objecting creditor doesn’t yield the information you need, send…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: FOR THREE YEARS WE HAVE BEEN TRACKING THOUSANDS OF COMPLAINTS SENT TO THE FEDERAL RESERVE, OFFICE OF THE CONTROLLER OF THE CURRENCY, OFFICE OF THRIFT SUPERVISION, FDIC, AND STATE BANKING AND BUSINESS REGULATORS RELATING TO SPECIFIC MATTERS THAT ARE IN THEIR CHARTER FOR WHICH THEY ARE EMPOWERED AND…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary "it was the cash that was sliced and diced and not the note and mortgage, and therefore that the mortgage and note, besides being fatally defective, besides being unsecured, were intentionally split TWICE. First the obligation was split from the note and therefore the mortgage as well. And second the…[...]

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EDITOR'S COMMENT: Same old tactic. Denial, in your face intimidation and then when there is nowhere else to go, they fold. This time with investors, but I've received information on the same story dozens of times by attorneys for borrowers who settled under confidentiality. The moral of the story is don't get demoralized by their stone-walling. Persevere. By DAN FITZPATRICK,…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: You start with the fact that the obligations, notes and mortgages were fraudulent to begin with and that nobody wanted their name attached to the fraud. So every conceivable tactic was used to allow a person, lawyer, clerk or paralegal, notary or witness to be able to say…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |