Category Archives: Secondary debt market
Beat the Banks at Their Own Game: Self-Issued Currency In Action (Part One)
IMPORTANT NOTE/DISCLAIMER: The following article is not legal advice and was not written by an attorney. It is merely a collection of common-sense, rational observations written by a sane, rational layperson with common sense. It is recommended that you consult … Continue reading
Posted in Federal Reserve, fiat currency, Foreclosure, Foreclosure fraud, freedom, Secondary debt market, self-issued currency
Tagged bill, bill of exchange, cash, check, Federal Reserve, I Bet You Thought, Michael Tellinger, money out of thin air, note, promissory note, rand, self-issued currency, South Africa, Standard Bank
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“Standing” up for homeowners, against banks: Yvanova decision
This one–the Yvanova decision by the California Supreme Court–was a no-brainer, of course. Had the Court ruled that homeowners cannot challenge a bogus assignment, there would be no point in a bank or other purported holder of California mortgages following … Continue reading
WTF? BANK OF AMERICA AND FANNIE MAE SUPPOSEDLY HAVE THE SAME ADDRESS AND PHONE NUMBER
If we were to discover that a Mob boss shared the same address and phone number with a legitimate business–like a liquor store or some such—what would we say about that liquor store? We’d say that the liquor store was … Continue reading
Posted in Bank of America, California, Conspiracy, Crap-italism, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, Secondary debt market, Securitization Fail
Tagged 1099, 400 National Way, Bank of America, Eric Mains, Fannie Mae, FDIC, Kemp v. Countrywide, Linda DeMartini, Living Lies, Matt Weidner, Max Gardner, MBS, Michele Sjolander, negotiation, non-negotiable, Pasadena, securitization fail, Simi Valley
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FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
Posted in Crap-italism, Endorsement, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, MERS, Paper terrorism, Secondary debt market, Securitization Fail, Uncategorized
Tagged bailout, conservatorship, Fannie Mae, FHFA, Gretchen Morgenson, James Lockhart, MBS, New York Times
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FORECLOSURE FRAUD BUSINESS MODEL HAS GONE INTERNATIONAL
This Paul Singer (the rentier of rentiers) vs. Argentina story has all the elements familiar to homeowners facing foreclosure across the U.S.: 1) Giant corporation (i.e., Paul Singer’s hedge fund) trying to enforce questionable debt 2) Judges favoring giant corporation … Continue reading
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
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
Posted in Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Secondary debt market, US Bank
Tagged borrowing, Federal Reserve, fractional reserve, investors, lending, Maury Rosenberg, money out of thin air, mortgage-backed securities, New York Times, securitization
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$200 TO SETTLE $10K? OPEN THE “SECONDARY DEBT MARKET” TO THE PUBLIC AND FIX THE ECONOMY!
So the Rolling Jubilee continues! Right on! It’s a great idea, but one wonders, why can’t we all be given the option to do this ourselves? That is, why can’t we buy our own bad debts and thereby extinguish them? … Continue reading
LIBERTY ROAD MEDIA 