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

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

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 , , , , , , , , , , , , , , , | 5 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

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

Posted in Foreclosure fraud, Securitization Fail | Tagged , , , , , , , , | 5 Comments

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

Posted in Bank of America, civil rights, Everything Is Rigged, Financial Terrorism, Foreclosure fraud, Paper terrorism, Securitization Fail | Tagged , , , , , , | 1 Comment

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 , , , | Leave a comment

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

Posted in Conspiracy, Crap-italism, Everything Is Rigged, Foreclosure, Foreclosure fraud, Mary McCulley, Paper terrorism, Securitization Fail, Wealth transfer | Tagged , , , , , , | 2 Comments

UPDATE: VET’S FIGHT AGAINST EVICTION CONTINUES THIS WEEK

Update on the dramatic story of Byron Barton which LRM covered here:  “Family Fights Eviction, Moves Right Back In.”  A press release from SAFE—Standing Against Foreclosure and Eviction–details what’s coming for this week: “BARTON FAMILY EVICTION BLOCKADE, DAY 5 – … Continue reading

Posted in civil rights, class war, Crap-italism, Everything Is Rigged, Financial Terrorism, Foreclosure fraud, Securitization Fail, Washington | Tagged , , , , , , , | 2 Comments