Archive for October 20th, 2010

By: Gonzalo Lira Market Oracle Oct 20, 2010 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 might soon happen—which would be a big deal: Global Financial Crisis, Part... »

by James Quinn BusinessInsider.com Wed, 20 Oct 2010 As I listen to pundits, politicians and populists expound on the jobs situation in our country day after day, as if they knew what they were talking about, I’m reminded of the Seinfeld episode where George quits his job as a real estate agent. He sits... »

by Tom Burghardt Global Research October 20, 2010 A “Memorandum of Agreement” struck last week between the Department of Homeland Security (DHS) and the National Security Agency (NSA) promises to increase Pentagon control over America’s telecommunications and electronic infrastructure. It’s all in the interest of “cybersecurity” of course, or so we’ve been told, since... »

by George Washington ZeroHedge.com 10/20/2010 Yesterday, I showed that mortgages were fraudulently pledged to multiple buyers at the same time. Today, foreclosure expert Neil Garfield (former investment banker, trial lawyer and board member of several financial institutions) confirms this, explains that the loans were not actually securitized, and the whole “sloppy paperwork” excuse is... »

by Stephen Gandel Time.com by Stephen Gandel What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope. Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was... »

Even establishment mouthpiece entertains notion of mass civil unrest as backlash to economic collapse Paul Joseph Watson Prison Planet.com Wednesday, October 20, 2010 With protesters in France entering a seventh day of strikes and demonstrations against draconian austerity measures, many political observers in the U.S. are now wondering how long it will be before... »

by Reggie Middleton ZeroHedge.com 10/20/2010 While chatting with Herb Greenberg before my interview at CNBC on the banks, he asked me why I was short the banks, JPM in particular (JP Morgan’s 3rd Q & Just How XYZ Bank Can Never Go Out of Business!!!). I told him that I believe they are overly... »

Joe Weisenthal BusinessInsider.com Oct. 20, 2010 Quick heads up. According to the AP, the FBI is now looking into the foreclosure-gate mess for signs of possible criminality in the mis-handling of documents. Of course that comes on top of 50 AGs investigating as well. The Rest…HERE Share on Facebook »

By Sam Kirtley GoldSeek.com Wednesday, 20 October 2010 Gold prices embarked on a massive rally recently, rising from around $1210 to $1380 in just two months. Simultaneously the US index, which has a traditional inverse relationship with gold, has fallen from 83.5 to 76.5 as America puts a nose ahead in the current currency... »

By Rocky Vega The DailyReckoning.com 10/19/10 A group of 18 investment experts and fund managers have joined together to publish a new book called, “The Gathering Storm,” in an attempt to sound an urgent alarm about how the global economy may be spiraling toward a “doomsday” that’s far worse than anything that’s been witnessed... »