SEE taking-justice-off-the-table-2-cent-settlement SUBMITTED BY E. TOLLE The great whitewash is here. We’ve been setup once again. Sold down the river. (Reuters) – 3/15/2011- A comprehensive settlement between U.S. authorities and banks over alleged mortgage servicing abuses needs to be reached quickly to help the housing market heal, Treasury Secretary Timothy Geithner said on Tuesday. Geithner […]

Tags: bailout, disclosure, foreclosure defense, foreclosure offense, fraud, Geithner, housing market, Lender Liability, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Finally! The president has now played out the Geithner-Summers scenario and seen the results — a large middle finger raised in the air from an arrogant bunch of people who are tone deaf to the needs of the nation and the world. This decision brings us into line with the rest of the […]

Tags: bailout, Bank of England, consumer protection, financial regulation, foreclosure defense, foreclosure offense, Geithner, Glass-Steagall, Jackie clames, Louis Uchitelle, mortgage meltdown, Obama, principal reduction, proprietary cuurency, securitization, Summers, Volcker
Posted in bubble, Corruption, Eviction, securities fraud |

“Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the […]

Tags: bailout, Citi, Ferdinand Pecora, financial system, Frank Rich, Geithner, Gretchen Morgenstern, housing bubble, Katrina Brooker, Llyod Blankfein, Mortgage, Mother JOnes, New York Times, paul Volcker, Phil Angelides, profits, Rubin, securitization, Summers, Warren Buffett
Posted in bubble, Corruption, Eviction, securities fraud |

NY Times: “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.” Mr. Lippmann made his pitch to select hedge fund clients, arguing they should short the mortgage market. He sometimes distributed a T-shirt that read “I’m Short […]

Tags: Abacus, ABX, ABX Index, credit default swaps, Dealogic, Deutsch Bank, Egol, Fabrice Tourre, Geithner, Goldman, Greg Lippman, Hudson Mezzanine, I'm short your house, International Swaps and Derivatives Association, James E. McKee, Lewis Sachs, Magnetar, Mariner Investment Group, Michael Barnes, Michael DuVally, Morgan Stanley, Paulson and Company, Pay as You Go, R & R consulting, Securities and Exchange Commission, Soros Fund Management, Standard & Poor's, Sylvain R. Raynes, TABS deals, Tetsuya Ishikawa, Tricadia, UBS
Posted in bubble, Corruption, Eviction, securities fraud |

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 |