Archive for October 14th, 2010

When Pigs Can Fly, the Devil Shivers in Hell, and 30% Gains in Western Stock Markets Will Mean Practically Nothing

Thursday, October 14th, 2010

ZeroHedge.com 10/14/2010 With deception in the mainstream financial media reaching new heights regarding the recent rallies in Western stock markets, it’s time to shed some light on this matter. The first rule of building wealth is that your gains have to outpace the rate at which Central Bankers depreciate the currency in which your... »

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What Is MERS and What Role Does It Have in the Foreclosure Mess? (Hint: It Holds 60% of All Mortgages, But Has ZERO Employees)

Thursday, October 14th, 2010

Washington’s Blog You’ve heard the name Mortgage Electronic Registration Systems or “MERS” mentioned in relation to the foreclosure problems in the residential real estate market. But what is MERS? It is the company created and owned by all of the big banks to process title to property in the U.S. Approximately 60% of the... »

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Title Insurance Woes Illustrate Liabilities of Foreclosue Mess

Thursday, October 14th, 2010

Concentrated in TBTF Banks NakedCapitalism.com There are so many fronts to the foreclosure crisis that it’s now becoming difficult to stay on top of all of them. One development Monday that didn’t get the attention it deserved is the fact that Bank of America is now eating title insurance liability on foreclosed properties sold... »

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Here’s What You Can Do: Demand Your Mortgage Note

Thursday, October 14th, 2010

By Mac Slavo SHTFplan.com Several weeks ago, before the mortgage foreclosure mess went mainstream, we alerted our readers to serious problems in the electronic mortgage transfer systems. Because of these electronic systems it is difficult, if not impossible, for banks and mortgage service companies to determine the rightful owner of the note and which... »

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Foreclosure Fraud: It’s Worse Than You Think

Thursday, October 14th, 2010

By: Diana Olick CNBC.com There has been plenty of pontificating over the ramifications of foreclosure freezes on troubled borrowers, foreclosure buyers and the larger housing market, not to mention lawsuits, investor losses and bank write downs. There has been precious little talk of what the real legal issues are behind the robosigning scandal. Yes,... »

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The American Housing Market Is Headed for Total Destruction

Thursday, October 14th, 2010

By Dan Denning WhiskeyAndGunpowder.com The issue with the recent robo-signing scandal is that clear title could disappear in the American mortgage market. Part of the outrage is that U.S. banks have been foreclosing on mortgages which they don’t even own. Part of the reality is that the convoluted process of securitisation means banks may... »

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The Case for America’s Future

Thursday, October 14th, 2010

by Gary North LewRockwell.com It is easy to make a case for east Asia’s economic success, but only over the next two decades. East Asia’s economies are growing because their economies are being freed by decisions by politicians to reduce government regulations. But they all have two major problems: (1) the extreme boy/girl birth... »

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The Second Leg Down of America’s Death Spiral

Thursday, October 14th, 2010

by Gonzalo Lira Gonzalo Lira.com swear to God Almighty: Mortgage Backed Securities are America’s Herpes—the gift that keeps on oozing. Last Friday, Bank of America announced that it was suspending all foreclosure proceedings, presumably until further notice. Other banks have already suspended foreclosures in a whole truckload of states. A nationwide moratorium on foreclosures... »

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A $2,000,000.000,000.00 False-Flag Event

Thursday, October 14th, 2010

By: Barry M Ferguson Market Oracle $2,000,000,000,000.00 dollars has been stolen from the US Treasury!! What happened? Who did it? Did they get away with it? The answers: A ‘false flag’ event, the Federal Reserve, and yes. The theft was planned. It started with a ‘false flag’ event in 2008. Much like the ‘false... »

Posted in Conspiracy, Corruption, Economics, Government Evil | No Comments »

BANK CEO CHEATS AMERICANS OUT OF MILLION$ IN TARP MONEY

Thursday, October 14th, 2010

By NWV News writer Jim Kouri October 14, 2010 NewsWithViews.com Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), had warned lawmakers, “Inadequate oversight and insufficient information about what companies are doing with the money leaves the program open to fraud, including conflicts of interest facing fund managers, collusion between participants... »

Posted in Corruption, Economics | No Comments »