McCain’s FollyThe solution to the liquidity crisis continues to be a political agreement between government, business, borrowers and investors in which the obvious factors are directly addressed --- overvaluation of home values, overvaluation of creditworthiness, and overvaluation of CMOs. Any plan which does not address those factors will merely be an attempt to sweep this one under a rug that…[...]

Continue Reading

Tags: bailout, credit, crisis, dollar, home values, McCain, Paulson
Posted in bubble, Corruption, Eviction, securities fraud |

Mortgage Meltdown: Socialized Losses and ExpensesThe root of any solution to the current credit crisis and meltdown is politics, which is simply a consensus of opinion. When people consent to an idea like “free market” it seems to work because we make it work. The fact is that we don’t have a free market, we never had a free market,…[...]

Continue Reading

Tags: BEAR STEARNS, Federal reserve, free market, military, regulation, socialism, socialized education, socialized medicine
Posted in bubble, Corruption, Eviction, securities fraud |

VISA Fraud Costing New Stockholders and Consumers Billions of DollarsThe media and lazy stock analysts have failed to read what was right in front of them. Visa faces some challenging times and in-fighting between the stockholders, the junior financial institutions members and stockholders on the one hand, and the handful of controlling mega-banks on the other hand. The prospects of…[...]

Continue Reading

Tags: antitrust, ATM, ATM Fees, ATM Scrip, fraud, IPO, Visa
Posted in Corruption, securities fraud |

Here is an email I sent to a victim of the mortgage crisis:So you are in Chapter 13. Do you have a lawyer?There are some options in bankruptcy court that might be available under current law. The two that I have in mind for you, without any details, are the availability of "cram down" and the use of an adversary…[...]

Continue Reading

Tags: bankruptcy, Chapter 11, Chapter 13, cram down
Posted in bubble, Corruption, Eviction, securities fraud |

There was an interesting study published in the Economist (March 15, 2008 pp 83-85), a conservative news magazine read around the world, that disclosed an incredibly close correlation between the "rule of law" and the health of the economy. It turns out that laws, rules and enforcement create a culture of integrity, civility and good faith. The epiphany is that those…[...]

Continue Reading

Tags: currency, Economist, economy, euro, morality, Rothbard, rule of law, Von Mises
Posted in bubble, Corruption, Eviction, securities fraud |

I am researching the possibility that there might be a securities violation that could inure to YOUR benefit (not just the buyers of CDOs). You see there are several breaches that occurred here all stemming from the fact that the market was artificially inflated. The scheme most closely resembles a Ponzi scheme and so it smacks of breach of fiduciary…[...]

Continue Reading

Tags: audit, class action, contingency, foreclosure defense, fraud, remedies, Securities act, securities violations, settlement, TILA
Posted in bubble, Corruption, securities fraud |

Thanks everyone for the comments. Just to clarify some nuances that are peculiar to this situation, here are some more thoughts.1. No lender is going to file anything against this plan unless it forces them to take more of a loss today than they already are looking at. EVERY lender will do anything that gives them a reasonable prospect at…[...]

Continue Reading

Tags: civil procedure, foreclosure defense, lawyers, Supreme Court
Posted in Corruption, Eviction |

Cut, paste, fill in the blanks and send it in along with your request that the filing fee be waived because of financial hardship. Just google the Supreme Court of your state and send it in.xxxxxxxxxxxx, Sui JurisCitizen of the State of ArizonaAddress.City, State ZIP                    SUPREME COURT OF ARIZONA      …[...]

Continue Reading

Tags: civil procedure, foreclosure defense, lawyers, Supreme Court
Posted in bubble, Corruption, Eviction, securities fraud |

Bear Stearns Deal and What it MeansIn the absence of someone filing the leadership vacuum now, we must use the rules of civil procedure to slow down the foreclosures, evictions and bankruptcies. We need breathing room if we are to avoid a depression, or if one is coming anyway, to at least keep it as shallow and short as possible.The…[...]

Continue Reading

Tags: BEAR STEARNS, Buffett, confidence, depression, Federal reserve, J Pierpont Morgan, JP Morgan, leadership, respect, trust
Posted in bubble, Corruption, Eviction, securities fraud |

Several people have emailed me regarding what to do with their investments. I am not Warren Buffett and I don't have a crystal ball so what I say here should be checked against other knowledgeable analyses. Keep in mind that most people are full of s--t. Everyone thinks they are a genius in an up market. In a down market,…[...]

Continue Reading

Tags: commodities, currency, euro, gold, hedge, inflation, investments, loans, stocks
Posted in bubble, Eviction, Uncategorized |