Monthly Archives: April 2014
FREE MARY MCCULLEY–MORE DETAILS EMERGE
Edited press release received by LRM: For the millions who have lost their homes to foreclosure, or are still losing their homes to the “too big to fail” banks, Mary McCulley is a hero. In February she stood up to … Continue reading
BANKS ARE A THREAT TO SOCIETY, NOT MARY MCCULLEY
This is unbelievable. Absurd. Kafkaesque. Mary McCulley was sent to jail yesterday because supposedly she is a “public risk” and doesn’t “respect the law”: “BUTTE – A federal judge chose to give a Kentucky woman a longer prison sentence than … Continue reading
FORGET HEARINGS, JAIL BANKERS
Indeed, these will be hearings (if and when they happen) on financial faux pas, not financial terrorism–and the second kind is the kind we need… Having new hearings on the Independent Foreclosure Review–which was abruptly ended by a settlement in … Continue reading
Posted in Conspiracy, Everything Is Rigged, Federal Reserve, Financial Terrorism, Foreclosure, Foreclosure fraud, Too big to fail, Uncategorized, US Bank
Tagged Darrell Issa, Elijah Cummings, Elizabeth Warren, excessive fees, foreclosure fraud, hearings, Independent Foreclosure Review, Mary McCulley, OCC, Promontory Financial, salon, us bank
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WHO OWNS WHAT: BANKS AND THE NEW FEUDALISM
In a new Salon article, David Dayen eloquently sums up root cause of the new feudalism, which is being helped along by the federal government and federal courts: “Many focus on how the failure to prosecute financial crimes, by Attorney … Continue reading
“IT’S ALL A FUGAZI”: MOVIE TELLS IT STRAIGHT UP
“It” being the stock market, stocks, money, everything, as Matthew McConaughey’s coked-up stockbroker explains in the above scene from “Wolf of Wall Street.” The important point about it all? “It’s not fucking real,” as McConaughey’s character points out. In other … Continue reading
HAS THE WORM TURNED? WELLS FARGO MANUAL ADMITTED INTO EVIDENCE
Soon we will have a new deposition to pore and obsess over, getting ever closer to that sweet day when all of this foreclosure fraud is out in the open! Housing Wire explains: “A New York judge ruled that Wells … Continue reading
DEBT BY DESIGN: “IT’S IMPOSSIBLE TO WORK YOUR WAY THROUGH COLLEGE NOW…”
And that’s the point of all these bubbles, and QE, and ZIRP, and inflation– it forces you to finance what you could once buy outright through working. This is the true end game of the “Nixon Shock,” petrodollar, credit bubbles, etc. … Continue reading
Posted in "supply and demand", Debt, Debt Slavery, fiat currency, Financial Terrorism, petrodollar, Redistribution, Rent-seeking, Rentier, Wages, Wealth transfer
Tagged 1971, bubble, college, financialization, Michigan State, minimum wage, Nixon Shock, rent-seeking, student loans, work
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MERS: DYING A SLOW, PAINFUL DEATH?
In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading
Posted in Asset Bubble, Bank of America, Debt, Debt Slavery, Everything Is Rigged, Fannie Mae, Foreclosure fraud, Securitization Fail
Tagged Abigail Field, Bank of America, Bloomberg, Fannie Mae, Kemp v. Countrywide, Linda DeMartini, MERS, Naked Capitalism, securitization fail, William Hultman
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LIBERTY ROAD MEDIA 