Category Archives: Secondary debt market

Fannie and Freddie Open Records Act Passes House!

So I was watching the above video with Steve Mnuchin and Maria Bartiromo because of its title: “Mnuchin on Fannie And Freddie Funds Used to Pay for ObamaCare: It’s True”.  Bartiromo mentions in passing that a bill was being considered … Continue reading

Posted in Everything Is Rigged, Fannie Mae, Federal Reserve, Foreclosure, Foreclosure fraud, Secondary debt market, Securitization Fail | Tagged , , , , , , , , , | Leave a comment

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 , , , , , , , , , , , , , | 2 Comments

“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

Posted in Foreclosure, Foreclosure fraud, Paper terrorism, Secondary debt market, Securitization Fail | Tagged , , , , , , , , , | 3 Comments

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 , , , , , , , , , , , , , , , , , | 7 Comments

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 , , , , , , , | 1 Comment

WAKE UP AMERICA—YOU HAVE BEEN SCAMMED! (GUEST POST)

A first for LRM—a guest post, and it’s from the great Shelley Erickson!  For the most part, the formatting and highlighting herein is the same as it appeared when Shelley sent this to me at the end of last year.  … Continue reading

Posted in Bank of America, Conspiracy, Debt, Endorsement, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, Judicial Misconduct, Living Lies, MERS, Secondary debt market, Securities, Securitization Fail, Too big to fail, Washington, Wells Fargo | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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

Posted in Everything Is Rigged, fiat currency, Financial Terrorism, Foreclosure fraud, Rent-seeking, Secondary debt market, Uncategorized | Tagged , , , | 11 Comments

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

Posted in Conspiracy, Debt Slavery, Everything Is Rigged, Financial Terrorism, Foreclosure fraud, Secondary debt market, Uncategorized | Tagged , , , , , | Leave a comment

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 , , , , , , , , , | Leave a comment

$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

Posted in Debt, Debt Slavery, Federal Reserve, fiat currency, Financial Terrorism, Rent-seeking, Secondary debt market, self-issued currency | Tagged , , , , , | Leave a comment