COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary In nearly all cases there is a reference to a trust that "owns" the loans. The first transaction is with this fictitious trust on whose behalf money is collected from investors who think they are purchasing bonds, the payor being the trust, but they are in effect non-recourse bonds because…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

"The Chamber of Commerce and other lobbyists help spend bank profits framing the consumer protection debate as being about “regulation,” but that is not the issue.  We have had plenty of regulation in recent decades and still have lots of regulators.  The issue is capture.  Big banks in particular disproportionately captured the hearts and minds (and maybe more) of federal…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor's note: It is a simple proposition: without demand AND supply of capital within the economy there can be no movement. Refinancing and new financing cannot take place as long as the loan is too large relative to the property or business value. Thus we either must again artificially inflate…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

by Neil F Garfield With the midterm elections over and the mixed results virtually a guarantee of more Washington gridlock, the celebrations of victory can only be regarded as personal victories for winning politicians whose only objective is to get elected again. Reviewing the slate of candidates across the board --- those who won and those who lost --- I…[...]

Continue Reading

Posted in Uncategorized |

submitted by Ann Fed Will Probably Start $500 Billion of Bond Buys, Survey Shows By Caroline Salas and Alex Tanzi – Nov 1, 2010 9:00 PM PT Nov. 1 (Bloomberg) — Julia Coronado, chief economist for North America at BNP Paribas, talks about the outlook for the financial markets following this week’s meeting of Federal Reserve policy makers and the…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

Hey Dave, that thing in your throat is called an order of disgorgement. Posted on02 November 2010. Tags: affidavits, assignment of mortgage, baron, djsp enterprises, fannie mae, files, foreclosure fraud, fraudulent documents, Freddie Mac, law offices of david J. stern plantation florida 33324, Tammie Lou Kapusta Fannie, Freddie Take Loan Files From Florida Law Firm By NICK TIMIRAOS Fannie Mae…[...]

Continue Reading

Tags: Fannie, Freddie, Stern
Posted in bubble, Corruption, Eviction, securities fraud |

MO Attorney General gives homeowners “tool kit” to fight foreclosure Today, November 01, 2010, 59 minutes ago | ceramic cat FROM: http://kmox.cbslocal.com/2010/11/01/…t-foreclosure/ Kevin Killeen 11/1/2010 ST. LOUIS–(KMOX)–Missouri Attorney General Chris Koster is offering consumers facing foreclosure a way to fight back. Koster has compiled a “tool kit” of information on his website — including a form letter consumers can send…[...]

Continue Reading

Tags: attorney general, Missouri, toolkit
Posted in bubble, Corruption, Eviction, securities fraud |

jones v hsbc 09-2904rwt Maryland Reginald Jones is the lead Class Action Plaintiff in a Maryland case alleging robo-signed documents. The well-written complaint was filed by Jon D. Pels, Esq. Bar No. 11883 Lawrence J. Anderson, Esq. Bar No. 11390 Justin Reiner, Esquire Bar NO. 16403 Jennifer O. Schiffer, Esquire 4833 Rugby Avenue, 4th Floor Bethesda, MD 20814 (301) 986-5570…[...]

Continue Reading

Tags: class action, Jennifer O. Schiffer, Jon D. Pels, Justin Reiner, Lawrence ANderson, Maryland
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Of course they are fuzzy. If you had just paid trillions of dollars on the say so of Hank Paulson, former Sec'y of treasury only to find out you paid for nothing, what would you do? If your answer is that you'd be honest about it you wouldn't be, couldn't be in government. Fuzzy Numbers Behind Treasury’s AIG…[...]

Continue Reading

Tags: AIG
Posted in bubble, Corruption, Eviction, securities fraud |

"The securitization of debt was in reality a distribution of cash unsupported by any rightful claim to it." EDITOR'S NOTE: Another unthinkable "counter-intuitive" part of the process of disintegration on Wall Street. AMBAC, whose business was insuring those alleged mortgage bonds that turned out to have nothing in them, is going broke. Like its competitor, AIG, it paid out billions…[...]

Continue Reading

Tags: AMbac, Assured Guaranty, BOND INSURER, Wilbur Ross
Posted in bubble, Corruption, Eviction, securities fraud |