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 |

I've been working on this problem for over a year.  No act of prescience or brilliance was required to know that if you pour water from a pitcher, eventually it will be empty even if you splash some more in from time to time. There isn't enough money in the world to save us from a crash.  The ONLY thing…[...]

Continue Reading

Tags: credit crisis, Federal reserve, fraud, housing, inflation, neighborhoods, stock market
Posted in bubble, Eviction, securities fraud, Uncategorized |

Fall of the Dollar + HYPER InflationThe fix is out. The Fed’s last ditch effort using depression era authority to hold off Bear Stearns failure is all we need to know. Officials at the Fed admit publicly that what they are doing is not fixing anything. Economists have taken off their rose colored glasses and see a bleak landscape. The…[...]

Continue Reading

Tags: ATM, BEAR STEARNS, credit, euro, POB, Point of Banking, Point of Sale, POS
Posted in bubble, Eviction, securities fraud, Uncategorized |

Get with the Program: Challenge for the Obama Presidency. Fundamentals vs. Brute ForceAmerican policy should be changed to reflect the paradigm shift --- to determine ways in which we would be an acceptable member of the European Union and gradually shift to the Euro as the currency of choice. In order to accomplish this, U.S. leaders must guide the country…[...]

Continue Reading

Tags: Barack, Brazil and Venezuela, Bretton Woods, dollar, euro, Ireland, Nixon, Obama, Obamanomics, Volcker
Posted in bubble, Eviction, securities fraud, Uncategorized |