Category Archives: Securitization Fail
ANALYST ON BANK OF AMERICA: “Cesspools like BAC need to be completely drained”
Wow! David Stockman pulls zero punches in this excellent rant (“Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming,” Contra Corner, Feb. 11, 2015) on how a company like Bank of America in any legitimate legal context … Continue reading
Posted in Bank of America, Crap-italism, Debt, Everything Is Rigged, Federal Reserve, fiat currency, Redistribution, Rent-seeking, Reverse socialism, Securitization Fail, Too big to fail, Wealth transfer
Tagged austerity, BAC, BANA, Bank of America, BOA, Brian Moynihan, cesspool, David Stockman, debt, Gail Tverberg, Mark Blyth, Paul Krugman, peak debt, Salon.com, TBTF, Zero Hedge
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“Substantial Evidence” of “Forged” Endorsements: Wells Fargo Loses One
The money quote (pun very much intended) from Judge Robert Drain’s Memorandum of Decision, filed yesterday in a New York bankruptcy case regarding a Texas property in which attorney Linda Tirelli is representing the homeowner: I conclude that the foregoing … Continue reading
Posted in Conspiracy, Crap-italism, Everything Is Rigged, Financial Terrorism, Foreclosure, Foreclosure fraud, Living Lies, MERS, Paper terrorism, Securitization Fail, Wells Fargo
Tagged assignment, bankruptcy, Carpenter v. Longan, deed of trust, deposition, foreclosure, foreclosure fraud, foreclosure manual, forged endorsements, indorsements, John Kennerty, Linda Tirelli, MERS, MERS-LPS Racketeering Enterprise, mortgage, mortgage follows the note, New York, note, person entitled to enforce, PETE, Robert Drain, Task Force on Judicial Foreclosure Rules, Texas, Wells Fargo
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THE “MERS-LPS RACKETEERING ENTERPRISE”: HARKEY V. US BANK ET AL.
A complaint filed on January 20, 2015 in U.S. District Court for Nevada—Michael Harkey v. U.S. Bank et al. (Case No. 2:14-cv-00177-RFB-GWF)–really breaks down exactly what the scam of MERS is, and it does so with a level of clarity … Continue reading
Posted in Crap-italism, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Foreclosure, Foreclosure fraud, MERS, Paper terrorism, Redistribution, Rentier, Securitization Fail, US Bank
Tagged bankruptcy remote, common agent, credit default swaps, Credit Suisse, Harkey v. US Bank et al., invisibility cloak, LIBOR, LPS, MERS, MERS III, MERSCORP, Michael Harkey, Nevada, QE, racketeering, TARP
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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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CALI ATTORNEY SPEAKS ON CURRENT STATE OF FORECLOSURE DEFENSE, GLASKI, AND JUDGES
Recently I had a discussion with a California attorney named David who defends homeowners against foreclosures. David also allowed that he had once worked for a law firm that defended banks, so the combination of those two sides of David’s … Continue reading
RED ALERT—EVICTION OF MICHIGAN FORECLOSURE FIGHTER SET FOR TOMORROW, PEACEFUL PROTEST PLANNED
You may remember reading the story of KathyJo Enders Torrenga and her family here on the site. They are scheduled to be evicted from their Muskegon, Michigan home tomorrow morning. This is happening despite the fact that the Torrengas have … Continue reading
COUNTRYWIDE FALLOUT: MOZILO AGAIN FACING FEDERAL CHARGES?
By now, we’ve all learned not to get our hopes up when the government sues the banks, but still, it’s nice to see it happen, especially when it happens twice, as is happening to Countrywide’s founder and California raisin poster … Continue reading
Posted in Bank of America, Crap-italism, Fannie Mae, Financial Terrorism, Securitization Fail
Tagged Angelo Mozilo, Countrywide, FIRREA, lawsuit
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TURNING “MISERY INTO MONEY”: THE INJUSTICE INDUSTRY OF THE BANKS
Joel Sucher covers the waterfront of foreclosure fraud today, even giving a shoutout to us here at LRM. Sucher performs the badly-needed service of humanizing and un-demonizing those damaged by the ongoing foreclosure maelstrom: “The largely nameless victims in this … Continue reading
LIBERTY ROAD MEDIA 