This is just the beginning of what I have been predicting for 10 years. When the public finds out that the government itself is addicted to the false scheme of securitization — and that this has led to abandonment of policies and rules of law that have continued to depress the U.S. economy — the […]

Tags: assignments, Bush, endorsements, Fannie, Freddie, Matt Taibbi, MLS, mortgage loan schedules, Obama, Rolling Stone
Posted in Uncategorized |

The problem for everyone involved is that in reality the investors made nothing and merely received a portion of their own money as though it had come from the trust. But it didn’t come from the trust because the trust didn’t even have a bank account. If the banks had disclosed the truth of the […]

Tags: 1098, 1099, Bush, income tax, Obama, Ponzi, REMIC trusts, safe harbor, Servicer advances
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Someone needs to go back to the Declaration of Independence. Government exists only by consent of the governed. People are withdrawing their consent on a daily basis now. Where do you think that will lead? see http://www.housingwire.com/articles/37308-countrywides-mozilo-reportedly-off-the-hook-for-all-those-subprime-mortgages?eid=311685972&bid=1437193#.V2RJhpGUqsU.email Revenge is not the point. But justice is important. Mozilo was, in my opinion, just a bag man […]

Tags: Angelo Mozilo, Bush, countrywide, disclosure, fraud, Obama, securitization
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What we know is that nothing constructive is happening now, the usual ideological gridlock is preventing progress, and that the curiosity about a brilliant new face might just get the right people to the right table at the right time.   Bernanke is completely right that the ONLY way out of this mess is not throwing […]

Tags: Bernanke, Bush, Clinton, executive leadership, McCain, mortgage balance, Paulson
Posted in bubble, Eviction |