Tag Archives: bailout
NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION
Incredible story making the rounds the last few days about a rather high percentage of unendorsed notes being offered by the Bank of New York in foreclosure/bankruptcy cases. As high as 79%. That’s more than three quarters of the notes … Continue reading
NO, IT’S NOT YOUR IMAGINATION: YOUR REAL WAGES ARE GOING DOWN
You know that cold dread that drops into the pit of your stomach when you check your balance and see that you’re down to your last few dollars and payday is still a week away? Too much month at the … Continue reading
PART 2: WHAT “RECOVERY”? WHO CAN AFFORD ANYTHING?
Who can afford anything? Not many people, it seems. As noted in yesterday’s post, half of America cannot afford the house they are “buying,” while at the same time rents are skyrocketing, with the number of people who pay half … Continue reading
IF WE’RE GONNA HAVE FREE MARKET WAGES, CAN WE AT LEAST HAVE A FREE MARKET?
Because currently, we do not have anything approaching a free market. A free market would not have bailouts, bail-ins, subsidies, licensure requirements, exemptions from regulations as size increases, QE, ZIRP, rigged prices, etc. Libertarians often say that a minimum wage … Continue reading
STRIKE THREE: BANKS SHOULD BE OUT (of the foreclosure business)
On Facebook, the excellent Shelley Erickson from Washington state just posted this bombshell article from MS Fraud: “State AGs settle with LPS for $113 million; only nobody knew”. It’s the latest proof that there are no original promissory notes in … Continue reading
IT ALL COMES DOWN TO ASSETS VS. WAGES
As usual, Max Keiser very succinctly (and almost nonchalantly) pierces through the mumbo jumbo and hopium to the very essence of the crisis facing not only the U.S., but also the world (quote below starts at approximately 12:04 in the … Continue reading
BANKSTER VS. DEADBEAT: “Deadbeat” clear winner!
Hat tip to Robert Tuna Townsend (a Facebook friend) for this. Great talking points for shutting down the inevitable “but you didn’t make your payments and just want a free house” argument. https://www.youtube.com/watch?feature=player_embedded&v=NWnxwm5HrOo