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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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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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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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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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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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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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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Yes it is true that you didn't read the fine print. But how much would you have understood in the mountain of paperwork you signed. I am NOT an attorney licensed to practice in Arizona which gives me some leeway in what I can say and do for you. On the other hand I am an Attorney licensed to practice…[...]
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I read the Declaration of Independence and the U.S. Constitution with much the same interest and devotion as I do the Torah. It is true that much in history as recorded in our myths, stories and laws is based upon one or more perceptions of one or more mere mortals. Yet they are not irrelevant. Whether we are looking at…[...]
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Looking at the medical establishment, it is apparent that we are under the worst form of tyranny and we have been forced to surrender our rights, coerced by an economic strategy that says literally says “pay or die.” On the issue of chelation all of the chelating agents are nutrients. So called “alternative therapies” are actually mainstream starting with the…[...]
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