Category Archives: Everything Is Rigged
WELLS FARGO “CORRECTS” DOCUMENTS TO TAKE HOUSES
In the Wells Fargo manual mentioned in the post “Conspiracy Fact, Not Theory: Wells Fargo’s Manual”, we find the following statement on p. 32: “Files needing a corrected endorsement or assignment will not follow the Wells Fargo policy of returning … Continue reading
CONSPIRACY FACT, NOT THEORY: WELLS FARGO’S MANUAL
So, once again, the “conspiracy theory” that banks manufacture/massage/manipulate the documents they need–but don’t have–in the foreclosure context has proven to be conspiracy fact. Indeed, the whistleblower that went to Naked Capitalism regarding Wells Fargo a year ago was not … Continue reading
STOP PRETENDING WE’RE LIVING IN A 50s SITCOM
I always feel a little awkward, like I’m making people uncomfortable, when I question conventional wisdom out loud. Not that I’m some genius thinker or what have you. But if I suggest that perhaps everything is rigged, that money itself … Continue reading
BANKS DO NOT LEND MONEY: ROSENBERG EDITION
ABSTRACT: I get tired of reading about how banks lend money and take all these risks and are therefore entitled to “repayment.” National discourse on the fact that banks do not lend their or their depositors’ money needs to begin … Continue reading
YOUR MONEY IS WORTHLESS BY DESIGN
As usual, Max Keiser’s show is always worth watching. This time, it’s for something his guest–Simon Rose of Save Our Savers said almost offhandedly toward the end of the show (23:57 mark): “It’s like being in The Matrix. You know, … Continue reading
FANNIE DOESN’T OWN $#!+–COURTS DON’T CARE
In a great article headlined “Foreclosure Is Financial Terrorism, Is it also Treason? (Just Who Are We Giving Homes Of Americans to After All?)”, Matt Weidner weighs in on the fact that Fannie Mae admits it doesn’t own the notes … Continue reading
ANTI-MINIMUM WAGE ARGUMENT DESTROYED
The argument against raising the minimum wage that one encounters quite a bit on social media and forum/blog comments goes something like this: if and when minimum wage is raised, it only makes the cost of goods and services go … Continue reading