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Archive for September, 2010

Inside Job – A Movie Yves Smith and Tom Adams Recommend and Wall Street will be Wishing Was NOT.

25 Sep

Coming to a theater near you – at least we sure hope so – everyone should be asking for and demanding that this film be shown at their local theaters. Opens in New York October 8th. Here’s the trailer for your viewing pleasure. And here is the review of the film from naked Capitalism: Inside […]

 

Oh Bank of America, From Chain Chain Chain to Shame Shame Shame

25 Sep

Looks like NakedCapitalism is way out front this week on the real stories coming out of the foreclosure crisis. So GMAC is creating fraudulent documents to foreclose and to re-arrange ownership and title to notes; and Bank of America is paying collection agencies who use harassment and racial obscenities on the borrowers. Nice, guys, all […]

 

Chain Chain Chain… Redux Chain of [Title] Fools

25 Sep

Hmmm, yes, this is sort of what we were talking about… Going back to that song  in our heads again… Well, get to the latter part of this piece from Naked Capitalism- the allonge ‘being suddenly discovered’ is next to impossible… hmmm… hmmmm We’ve added the bold below to help you find it… Great Coverage […]

 

GMAC Foreclosure Fraud The Story Broadens and Deepens… Fannie Mae Knew and Still Uses Foreclosure Mills

25 Sep

Oh, GMAC – this is getting a little deeper now, isn’t it -going back to … 2006??? This is certainly something that we need to stop and look at – for all that GMAC says ‘nothing to see here’. GMAC Told Freddie of Improper Affidavits Weeks Ago; Frank, Grayson, Brown Write “WTF” Letter from naked […]

 

Naked Capitalism: GMAC Ordered to Stop All Foreclosures in California

25 Sep

Well, Jerry Brown finally takes action!?  Who knew… False Affidavits: In Court and Out of the Courts – Why GMAC chooses to stop foreclosures in Judicial States – seems we are not the only ones figuring tht they only make this distinction because in Judicial States they have to present their evidence in court – […]

 

Foreclosures “May Add As Many As 12 Million Homes to the Market”

25 Sep

U.S. Home Seizures Reach Record for Third Time in Five Months By Dan Levy – Sep 16, 2010 8:15 AM PT Foreclosures are contributing to a growing housing supply that may add as many as 12 million homes to the U.S. market. Photographer: Jacob Kepler/Bloomberg Play Video Sept. 16 (Bloomberg) — U.S. home seizures reached […]

 

Graham Summers Gives a Sobering View From Nathan’s Economic Edge

25 Sep

This piece from Nathan is sobering, and in some ways, very slightly, on the social fronts, extreme. The numbers are right on, however; and the financial outlook direct and on point. The question remains – hapless victims or intelligent actors; on the people’s front, that is. Otherwise asGraham  Summers points out too blatantly, we are […]

 
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Mike Maloney Educates Bankers on Deflation MISS THIS At Your Own Peril

24 Sep

This is must watch video for everyone who cares at all about their financial well being. We encourage everyone to watch this, to keep reading and to keep paying attention to the details of their personal financial lives. Pay attention folks, the ride of your life is on… and you just might want to know […]

 

Denninger Blows the Whistle on Bernanke, Keynes and the Raw Scam and Fraud Being Perpetrated on the Public

24 Sep

Karl Denninger lets Bernanke have it straight up and then moves on to cover the rest of the story… Thanks Karl; as usual your straight shooting and the straight up tell all coverage is full of facts people COULD use to learn something from; if they chose to… Bernanke: I Am An Ass And A […]

 

Chain Chain Chain Chain of [Title] Fools

24 Sep

Tonight nothing would please us more than to put the video segment from the movie MICHAEL with this song as its feature… but youtube doesn’t want to allow an embed of that link. So we’ve linked to it as a blank target so you can pull it up as you read – just to put […]

 
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