Archive for October 22nd, 2010

by Phoenix Capital Research ZeroHedge.com 10/22/2010 You have to read between the lines on this one. Few commentators realize what the BIG story is for the financial markets today. The BIG story is not the mortgage fraud, the corruption, or the computerized trading (although the last one dominates US stock markets’ daily action). No,... »

Mark Niesse ActivistPost Friday,22,2010 HONOLULU — Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on Kauai, runs her own small business and like a record 42 million other Americans, she relies on food stamps. Gonzales and her husband... »

by MiaX 69.84.25.250.com October 22, 2010 Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Problem Is Really a System of “Push Button Fraud” 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... »

By Josh Wilburn Fool.com October 21, 2010 Jamie Dimon, CEO of JPMorgan Chase, suggested last week that if the foreclosure verification problem was not fixed within a few weeks, it would probably be mean bad news for everyone. Now, with stories of evictees breaking into foreclosed homes, and fearful articles in The New York... »

By MELANIE MASON The Dallas Morning News Friday, October 22, 2010 WASHINGTON – Republican congressional candidate Stephen Broden stunned his party Thursday, saying he would not rule out violent overthrow of the government if elections did not produce a change in leadership. In a rambling exchange during a TV interview, Broden, a South Dallas... »

TheEconomicCollapseBlog.com The American people are experiencing financial death by a thousand cuts and most of them don’t even realize it. The U.S. government, state governments, local governments and the financial elite are draining us financially in dozens upon dozens of different ways, and yet we have become so programmed to accept it that it... »

Joe Weisenthal BusinessInsider.com Oct. 22, 2010 There’s growing chatter about the Fed engaging in truly abnormal asset purchases: rather than just buy Treasuries or more mortgage debt, it could buy muni debt, pumping money directly towards states and cities. Arguably this would be way more affective than traditional QE, as traditional QE will just... »

by Hazel Henderson Global Research October 22, 2010 The world has reached a new stage. If governments don’t get together and face down the bankers who operate the global casino, the dominoes will start falling, one by one. Sovereign governments must heed the lessons of past financial crises described by Liaquat Ahamed in Lords... »

The Daily Bail Video: Ratigan with Charles Ferguson – The first 2 minutes are scorching Below is an editorial from Ferguson submitted to us this morning. — Charles Ferguson is the director of Inside Job, a documentary about the financial crisis. The opinions expressed are his own. Why economists are part of the problem... »

By Mike Meyer The DailyReckoning.com 10/21/10 St. Louis, Missouri – When I left you Tuesday morning, the currencies were hanging on, but as Chuck explained yesterday, we saw a considerable sell-off in response to the rate increase from China as the day wore on. The euro (EUR) had briefly dipped into the 1.36 handle... »