It is time for truth and unfortunately consequences. The numbers are staggering. More than $46 trillion in commerce has been impacted by the astonishing scope of this fraud. The rippling effects are washing over unsuspecting people, towns, states and countries like a tsunami and it just keeps getting bigger. The lies are now compounded by manipulations of economic indicators, the stock…[...]

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Tags: credit crisis, Federal reserve, fraud, inflation, stock market
Posted in Corruption, securities fraud |

A Jail called Mandatory Health Insurance   This is arithmetic not ideology. We make it ideology when we defy the numbers. We are already paying for full and complete coverage for all American citizens. In fact, we are paying 40% more than is required to give everyone complete health services. That we are paying for it and not getting what…[...]

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Tags: Clinton, fraud, health, insurance, Krugman, mandatory health insurance, Obama
Posted in Corruption |

Mortgage Meltdown: Get Out of Jail Free Card from PaulsonIn the usual way of floating trial balloons before committing to anything, and without the whole hearted support from any of the many entities and people who have a dog in this fight, Paulson is “outlining” the proposal for “subprime relief.”All information points to another intentional diversion from dealing with and…[...]

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Tags: consumer, debt, Krugman, meltdown, Mortgage, Paulson, subprime
Posted in Corruption, securities fraud |

Mortgage Meltdown: Smoke and Mirrors BailoutIt is obvious that the “snooty” U.S. bankers, as the Europeans are openly referring to them, still think the world is stupid. The message is out. A massive fraud has ben perpetrated by creation of complex derivative securities that looked better than they were, were rated better than they were (bought and paid for ratings),…[...]

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Tags: bailout, borrowers, lenders, meltdown, Mortgage, securities, tenants
Posted in Corruption, securities fraud |

And this is still the tip of the iceberg. It is happening all over the world. Public officials are hiding it in the hope that a bailout might save the investments. They can't stop the disclosure. The party is over. This time the intended and known consequences are being dwarfed by unintended and unknown consequences. Too many people know or are…[...]

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Tags: dollar, foreign relations, fraud, mortgage meltdown, prosecution
Posted in Corruption, Eviction, securities fraud |

The fraud perpetrated on the world by mortgage creativity emanating from Wall Street amounts to the unregulated creation of proprietary currency leveraging off of the U.S. dollar. By creating this free money, the giddy co-conspirators went nuts and now have all sorts of rationalizations about how their behavior was not illegal, unfair, or immoral. The fact remains that we are headed…[...]

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Tags: funny money, inflation, mortgage meltdown, recession
Posted in Corruption, Eviction |

Most stories about the mortgage crisis begin with the idea that people were induced to buy homes they could not afford. This is mostly incorrect. The reason for the meltdown is that people were induced to "buy" mortgages they could not afford --- when in fact they qualified for mortgages they could afford and would still be paying but for…[...]

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Tags: CDO, fraud, meltdown, Mortgage, securities fraud, yield spread premium
Posted in Corruption, Eviction, securities fraud |

We keep seeing bits and pieces in the media instead of the entire picture. Let's trace the average mortgage meltdown event: It is 2003. Builder Stan Plans Construction project, goes to 1st National Lender and is surprised to learn that the lender is very flexible. It turns out that the bigger the loan, the more the Lender makes and the…[...]

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Tags: foreclosure, fraud, investment banking, lender, Mortgage, pension
Posted in Uncategorized |

Another friend from long ago has admitted his guilt. He used his office of trust, his service to the public, as a launching platform for satisfaction of yearnings that live as demons feeding on his soul. He’ll spend some time in prison, contemplating the nature of his actions and evaluating whether it was worth it.I know his demons --- or…[...]

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Tags: CORRUPTION, EVASIVE, Honesty, POLITICAL TRACTION, TRUTH
Posted in Corruption |

In a Poll of 208 responding registered Democrats and Independents, Kucinich, Richardson, Biden, Edwards and then Obama came out ahead in the debate for honesty. Clinton came in dead last. But when asked about their likely vote, the differences were remarkable. Clinton leads by a slight edge, followed closely by Obama. The rest of the candidates, including the ones with…[...]

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Tags: Biden, Clinton, Democrat, Dodd, Edwards, Honesty, Kucinich, Obama, Poll, Richardson, Straight answer
Posted in Uncategorized |