Category Archives: Everything Is Rigged
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
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
THE SOLUTION: SINCE THE MONEY ISN’T REAL, THE DEBT ISN’T EITHER
Very interesting commentary from David Graeber (Occupy movement leader and author of “Debt: The First 5,000 Years“) on the Bank of England’s recent admission that money is created out of thin air. Graeber sounds as excited as me in describing … Continue reading
TAXES DO NOT FUND THE GOVERNMENT OR SERVICES…
Just a reminder on this lovely tax day that in 1984, the report of the Grace Commission made this statement: “With two thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed … Continue reading
THE WAY THINGS REALLY WORK: SWAPS AND SYRIA
A couple of interesting stories read over the weekend about how–not to beat a dead horse (because this horse is very much alive)–everything is rigged, from the “economy” to war. First a great one from Ellen Brown regarding interest-rate swaps, … Continue reading
PEOPLE CATCHING ON TO BANK FRAUD–OR JUST BROKE?
Black Knight (formerly LPS, the peddlers of fraudulent mortgage documents) reveals that according to its calculations, mortgage originations are at their lowest level ever. Here’s the Zero Hedge summary of the data: New mortgage originations fell over 23% month-over-month and … Continue reading
IS EVERYTHING REALLY RIGGED? LIKE, EVERYTHING? UNFORTUNATELY, YES…
But don’t take my word for it that everything is a hoax, an illusion. Read this litany from Paul Craig Roberts, former Assistant Treasury Secretary under Reagan, former Wall Street Journal editor, etc.: “As I write I cannot think of … Continue reading
HOW MORTGAGE SERVICERS ARE LIKE A STARBUCKS DRIVE-THRU
Neil Garfield writes again on the topic of “servicer advances” today, explaining in a nutshell what they are: “[Servicer advances] fall into the category of payments made to the creditor-investors, which means that the creditor on the original loan, or … Continue reading
WAKE UP: “ENTIRE STATUS QUO IS RIGGED”
Charles Hugh Smith gets it exactly right in this excerpt below. The emperor is naked, and you can see it with your own eyes, if only you will open them and wake up! Smith’s commentary: The stock market is only … Continue reading
PATTERN RECOGNITION: EVERYTHING IS RIGGED
Stock market: rigged. Money: out of thin air. Wall Street bonuses: more than all federal minimum wage employees combined. The pattern recognition skills of the public have GOT to be kicking in by now, yes? EVERYTHING. IS. RIGGED. From Zero … Continue reading