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Archive for November, 2010

While CNN Reports on Putin’s Dog, Senate Hearings Go UnNoticed…

18 Nov

A quick scan of the headines over at CNN – (that’s a news channel right?) gives us pause: Here’s what you don’t see: Senate Heaerings Which, we notice, are NOT dowloadable, not embedable – they really don’t want us to watch them, you figure? In our view they should have let the homeowners give testimony, […]

 

The Buy Out is On: Banks Leading Political Wins

18 Nov

We don’t follow national news, voting news or other maintstream news. We follow the evidence and the facts where they appear on the media landscape. But we cannot help but notice: The banks are winning. Don’t get us wrong, we do not think they will, ultimately, win. But right now, as per the elections, they […]

 
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Janet Tavakoli: JP Morgan, Rubin Fraud on the Courts and Fraud as a Business Model

17 Nov

Jamie Dimon and Robert Rubin: Evasive on “Fraud as a Business Model” Janet Tavakoli President, Tavakoli Structured Finance Posted: November 12, 2010 03:51 PM Foreclosure fraud isn’t about losing paperwork or having incorrect paperwork. It is about committing fraud and trying to manipulate the U.S. legal system. No one — not even a bank — […]

 
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More From the Foreclosure Hearings at the Hill

17 Nov

Another quick video on the hearings… Hope everyone is paying close attention here – the statement is clear: the banks are bankrupt:

 

Max Keiser, Alan Grayson JP Morgan Chase Manipulating the Markets for the FED?

17 Nov

We love this little video because it is: 1. So clear. 2. So telling 3. So nothing left to say once you have seen it. If you don’t get that the banks are not your friends at the end of this then you need to go sign up for whatever government issued support system they’ll […]

 
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Rumors of ‘Quick Settlement’ by 50 AGs Disputed Source, Tom Miller Iowa AG’s Office Says Not So…

17 Nov

Looks like the spin doctors are working hard and heavy all over the map this week as the COP hearings, Senate Banking hearings and various lame reports from industry do little to improve the banks’ position… When all else fails, start a rumor that the AG’s are ready to go to a quick settlement and […]

 

Chase Says They “Strongly Prefer to Work with Borrowers… that keeps them in Their Homes” – Homeowners Erupt

17 Nov

As David Lowman  from Chase gives this pie eyed report claiming that Chase “strongly prefers to work with borrowers to reach a solution that keeps them in their hmoes”, homeowners in the hearing erupt. Well, we cannot blame them – it is galling to listen to this dough boy claim that Chase wants to help […]

 
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Breaking: Congressional OVersight Panel Hearings

17 Nov

Yves Smith writes on the C.O.P. hearings on the mortgage crisis: Congressional Oversight Panel Takes Tough Stand on Mortgage Documentation Problems from naked capitalism by Yves Smith 2 people liked this The spectacle of Senators in Tuesday’s banking committee hearings on the mortgage largely siding with articulate, fact-driven critics of the mortgage securitization is a […]

 

Chris Whalen: Banking Crisis Dead Ahead

15 Nov

Latest from Chris Whalen who was one of the major voices explaining the securitization crisis as it was still on the horizon… We’ve been having some very similar discussions around here as well – how do the banks continue to pay the rising costs of foreclosures, property maintenance, tazes, insurances, and all the while keep […]

 

Charles Hugh Smith: The Status Quo’s Fundamental Paradigms are Broken

15 Nov

This comprehensive guest post from Zero Hedge makes a good argument for getting serious about looking at a reworking of the monetary system – clearly more of the same is NOT a sustainable option. Guest Post: The Status Quo’s Fundamental Paradigms Are Broken from zero hedge | on a long enough timeline, the survival rate […]