EDITOR’s comment: Everyone seems to agree that nobody really knows the identity of the creditor in the millions of mortgage transactions that were created from 2001 to 2008. Yet the general consensus from the administration and the media is that these transactions should be enforced anyway. The idea of enforcing a transaction in which only […]

Tags: borrower, bull market, congress, creditor, David Streitfeld, fraud, fraudulent appraisals, fraudulent loan transactions, housing market, identity of the creditor, Investor, Ny Times, Obama, speculators, Wall Street
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers […]

Tags: AAA rating, BEAR STEARNS, BlueChip Films, Confidence Game, congress, criminal violations, Cuomo, EMC analysts, fabricated documents, Falsified Information, HERS, ratings, S&P, Standards and Poor's, Susan Barnes, Van Leeuwen
Posted in Uncategorized |

NOW AVAILABLE ON KINDLE/AMAZON Gretchen Gets It. The entire article is worth reading and even studying. If you get what she is saying, you can understand just how false this Waltz has been. “The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably […]

Tags: A.I.G., AIG, American International Group, Barofsky, congress, counterparties, Federal reserve Bank of New York, Federal reserve Baord, Geithner, Goldman Sachs, Merrill Lynch, Societe Generale, TARP, Tavakoli, Troubled Asset Relief Program, Viniar
Posted in bubble, Eviction |

  Credit Crisis Over? — Not by a Long Shot   As you can imagine I get emails and comments from hundreds of people seeking help and whose houses are going into sale or foreclosure, most of whom are completely unaware that they have rights superior to the lender, if they can find someone to […]

Tags: Bernanke, congress, credit, credit crisis, good faith estimate, mortgage backed securities, National Association of realtors, TILA, treasury securities
Posted in bubble, Corruption, Eviction, securities fraud |

Today we have a bill pending that stops the meltdown. It is a courageous and creative step that protects all parties. It requires YOUR input, so pass this along to as many other people as you can. This is much more than a step in the right direction. It would be nice to see support […]

Tags: borrowers, congress, finance, House financial Services Committee, lenders
Posted in bubble, Corruption, Eviction, securities fraud |

You can argue all you want on paper with equations and philosophical arguments, but a simple human fact remains true — if people do not feel any moral sense of accountability they will not act in accordance with a reasonable standard of good character. Without character the entire society, and of course the economy, goes […]

Tags: attorney general, bailout, Character, congress, money, Paulson, regulation, States, Treasury
Posted in bubble, Corruption, Eviction |

Paulson’s comments yesterday were inappropriate. He just doesn’t get it. He is arguing for hitting the iceberg and then let the deadly water take care of the problem. The ship is the American economy. And the waters are a legal system that assumes, all things being equal, that the process of foreclosure, eviction and losses […]

Tags: attorney general, bailout, congress, judicial system, mediation, Paulson, States
Posted in Corruption, Eviction, securities fraud |

Our division of opinion on the Wars in Iraq, Afganistan and secret wars being conducted by our government has become so confused, with the assistance of an extremely lazy and under-resourced media, that real discourse leading to compromise and resolution of the issues has become our greatest challenge. In other words, we are not talking […]

Tags: abortion, congress, constitution, guns, patriatism, president, war
Posted in Corruption |