Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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12/29/22

Comparing this housing market recession to 2008 Housing Wire

Comparing this housing market recession to 2008
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.

12/29/22

Wells Fargo Banking license should be revoked. Living Lies

Wells Fargo Banking license should be revoked.
For a Bank, simply being fined with an order to pay money is ridiculous as a substitute for the required discipline. With a long history of severe discipline from multiple genciesx, Wells Fargo bank is a repeate offender as the current CFPB director has said. It has lost its right to do business in the American Marketplace. If not, the government is literally inviting more violations of greater and greater significance — like the mortgage meltdown in 2008.

12/28/22

Bloomberg: Inside Wall Street’s $1 Trillion Decade Living Lies

Bloomberg: Inside Wall Street’s $1 Trillion Decade
It sounds like a lot of money, and it is. But it is dwarfed by the sums of money generated by their false claims of debt securitization. This is the start of reporting on how Wall Street converted investor money to their own money and how they converted everyone else’s money to theirs.

12/28/22

No Ledger, No Claim Living Lies

No Ledger, No Claim
Even if a consumer thinks they owe a debt, it is still up to the lawyer who initiates the collection or foreclosure action to prove that they have a client that owns the debt, has the right to file suit, and has enough documentation to prove a debt is owed. They may not be able to successfully produce all required documentation when challenged. When that happens, the judge has no chioce but to deny the claim — even if it was based on a real loss.

12/27/22

The money trail does not lie. But the documentary trail lies all the time. Living Lies

The money trail does not lie. But the documentary trail lies all the time.
It is not a business record unless it is a record of the business conducted by the company that is the source of the report. (No exceptions). If it is not a business record then it is hearsay. Hearsay is not admissible evidence.

12/24/22

Massachusetts law about mortgage foreclosure Mass.gov

Massachusetts law about mortgage foreclosure

MGL c.183, § 27 Disposition of proceeds of foreclosure

MGL c.244 Foreclosure and redemption of mortgages

MGL c.260, § 33 Limitation of actions: obsolete mortgages
See also:

Selected case law:

Bank of NY v. Bailey, 460 Mass. 327 (2011)
"[T]he Housing Court has jurisdiction to decide the validity of a challenge to a title, raised by a former homeowner as a defense to a summary process eviction action by a party acquiring the property pursuant to a foreclosure sale."

HSBC Bank USA, N.A. v. Morris, et al., 490 Mass. 322 (2022)
A borrower can assert a Predatory Home Loan Practices Act (PHLPA) counterclaim in a summary process action brought by a mortgage assignee to obtain possession following a nonjudicial foreclosure. Includes discussion of the claims that can be brought under PHLPA.

HSBC Bank USA, N.A., Trustee v. Matt, 464 Mass. 193 (2013)
An oft-cited case in the Land Court concerning the limited scope and nature of a Servicemembers case in the larger context of a foreclosure.

James B. Nutter & Co. v. Murphy, 478 Mass. 664 (2018)
A reverse mortgage did not contain the formal language of "statutory power of sale," but only said that the company could “invoke the power of sale and other remedies permitted by applicable law." The SJC held that, given that this was a reverse mortgage, and not a traditional mortgage, "where the lender cannot hold the borrower personally liable for the debt, and where the lender’s only recourse on default is to obtain repayment through a foreclosure sale," "the only reasonable and practical interpretation of the mortgage was that it incorporated the statutory power of sale."

Lenders Commercial Finance LLC v. Pestilli, et al, Southeast Housing Court (Feb. 3, 2017)
A bank that purchased a home at foreclosure could not evict the former owners with just a 30-day notice to quit. "The Court finds that there is no evidence in this action that there was ever any agreement between the parties for the defendant to pay any rent to the plaintiff, or for any definite rental period. Accordingly, the court finds that G.L. c. 186, s.12 requires that the plaintiff terminate the defendant's tenancy at will by service of a 90 Day Notice to Quit for possession."

Property Acquisition Group v. Ivester, 95 Mass. App. Ct. 170 (2019)
Before conducting a foreclosure sale, the mortgagee must use reasonable diligence to determine the fair market value of the property.

US Bank National Association v. Ibanez, 458 Mass. 637 (2011)
Upholds the ruling in in U.S. Bank National Association v. Ibanez, 17 LCR 679, Land Court MISC 08-384283 (October 14, 2009), regarding the requirement that mortgage holders must be accurately identified in a foreclosure proceeding. "We agree with the judge that the plaintiffs, who were not the original mortgagees, failed to make the required showing that they were the holders of the mortgages at the time of foreclosure. As a result, they did not demonstrate that the foreclosure sales were valid to convey title to the subject properties, and their requests for a declaration of clear title were properly denied."

12/24/22

Renting a Foreclosure Property? What To Do If The Lender Starts Sending Threatening Mail To The Property. MFI-Miami

Renting a Foreclosure Property? What To Do If The Lender Starts Sending Threatening Mail To The Property.
Are you renting a foreclosure property? You could be and not know it. There is currently a pandemic of landlords renting out their properties in foreclosure litigation. Landlords do this for two reasons. The first being to offset the legal costs of foreclosure litigation. The second is to milk as much cash as possible before the lender ultimately wins. States like this consider this equity skimming and it’s illegal. The landlord could face up to five years in prison for each count of equity skimming. Most landlords are not disclosing to the tenants that the property is in foreclosure. They do this in order not scare away a potential revenue stream. If your landlord is renting out a property already in foreclosure and didn’t tell you the property is in foreclosure, they could be in serious legal trouble. States like Florida consider this fraud and misrepresentation.

12/24/22

Family evicted “properly” from their home of 38 years, days before Christmas, Habitat for Humanity insists 14850.com

Family evicted “properly” from their home of 38 years, days before Christmas, Habitat for Humanity insists
Family evicted “properly” from their home of 38 years, days before Christmas, Habitat for Humanity insists December 24, 2022 by Mark H. Anbinder in 14850 Today Habitat for Humanity of Tompkins and Cortland Counties and the Tompkins County Sheriff’s Office evicted a family from their home of 38 years on Ithaca’s south hill on Monday, Sheriff Derek Osborne confirmed to 14850 Today. Habitat for Humanity executive director Shannon MacCarrick insists “foreclosure notices were properly sent by the City of Ithaca,” though the Ithaca Tenants Union says “the necessary notifications were not sent to the correct addresses.” “It is technically legal to send notifications to incorrect addresses so long as they ‘tried,'” says Angel DeVivo of the Ithaca Tenants Union. “I immediately found the correct addresses upon Googling.” MacCarrick declined to comment on where notifications were sent.

12/23/22

What about that escrow account? Living Lies

What about that escrow account?
Under Federal and State law, it is up to the Lender to tell the truth, i.e., that it is the lender and that it is creating a loan account that can be reviewed by the borrower. BUT the choice of the terms “lender” and “borrower” is a representation that has been almost universally untrue. Without the truth of the matters asserted or implied, there is no transaction and there are no claims based on the transaction.

12/22/22

Those lawyers in foreclosure do not directly represent any client Living Lies

Those lawyers in foreclosure do not directly represent any client
From what I have deduced from the information that has been reported, together with private conversations with attorneys from the Darkside, it appears that the structure or infrastructure that produces legal services for the origination and foreclosure of transactions with homeowners is as complex and ornate as anything else in the securitization infrastructure.

12/22/22

Where did the banks hide trillions in illicit profits? Living Lies

Where did the banks hide trillions in illicit profits?
Many people and even judges have dismissed my work summarily as the ravings of a merry band of conspiracy theorists. None more so than my “claim” that the banks are hiding somewhere around $10 trillion parked offshore in a variety of sophisticated investments — like the Goldman Sachs purchase of a facility that stores precious metals.

12/22/22

Mortgage Delinquencies Top 3%, Foreclosure Starts Up 19% Month-Over-Month DSNews

Mortgage Delinquencies Top 3%, Foreclosure Starts Up 19% Month-Over-Month
Black Knight’s “first look” at November 2022 mortgage performance statistics revealed that prepayment activity dropped 15.6% to a rate of 0.4%, the lowest rate recorded in the history of the report. Overall, the national delinquency rate rose 3.5% from October 2022 to a rate of 3.01%, mainly driven by a 31,000 file increase (or 3.9%) in 30-day delinquencies and a 25,000 file rise in 60-day delinquencies.

12/21/22

Wells Fargo escapes $300M fair-housing suit, but win is lost amid CFPB payout Banking Dive

Wells Fargo escapes $300M fair-housing suit, but win is lost amid CFPB payout
It may be coincidence, or perhaps mortgage cases habitually get the short end of the news-coverage stick. Wells Fargo’s September agreement to pay $94 million to settle a class-action lawsuit — alleging the bank automatically placed mortgage borrowers into forbearance if they said they were experiencing financial distress — surfaced during the same news cycle as a slightly larger settlement to end a Labor Department probe into the bank’s alleged 401(k) misdeeds.

12/20/22

Mr. Gensler, the U.S. Stock Market Structure Is an Institutionalized Wealth Transfer System Wall Street On Parade

Mr. Gensler, the U.S. Stock Market Structure Is an Institutionalized Wealth Transfer System
The Chairman of the Securities and Exchange Commission, Gary Gensler, announced in June that he was going to tackle the structure of the U.S. stock market – ostensibly to make it fairer to the little guy. His plans were released last Wednesday in a mountain of paper that even Wall Street veterans are having difficulty digesting. (See here, here, here, here, and here.)

12/20/22

Prepared Remarks of CFPB Director Rohit Chopra on the Wells Fargo Law Enforcement Action CFPB

Prepared Remarks of CFPB Director Rohit Chopra on the Wells Fargo Law Enforcement Action
Prepared Remarks of CFPB Director Rohit Chopra on the Wells Fargo Law Enforcement Action DEC 20, 2022 SHARE & PRINT Good morning, and thank you all for being here today. Wells Fargo is one of the most powerful banks in the world. Unlike some other massive U.S. banks, Wells Fargo primarily concentrates on consumer banking. One in three American households are customers and are affected by its corporate culture and business practices. In the CFPB’s eleven years of existence, Wells Fargo has consistently been one of the most problematic repeat offenders of the banks and credit unions we supervise:

12/20/22

Pierce County, Washington Superior Court - JPMorgan Chase Bank N.A. v. David Arthur Morton - Morton's Proposed Findings and Conclusions re Triral held on December 20, 2022 (hopefully) Scott Stafne

Pierce County, Washington Superior Court - JPMorgan Chase Bank N.A. v. David Arthur Morton - Morton's Proposed Findings and Conclusions re Triral held on December 20, 2022 (hopefully)
Defendant David Arthur Morton submits his Proposed Findings of Fact andConclusions of Law for the bench trial on Plaintiffs’ judicial foreclosure of Morton’shome. Defendant reserves the right to request additional or amended findings.
I. FINDINGS OF FACT
1. This case is back before this Court pursuant to a remand by DivisionTwo of the Court of Appeals. See
JP Morgan Chase Bank, N.A. v. Morton , No. 49846-4-II, 2018 Wash. App. LEXIS 700 (Ct. App. Mar. 27, 2018)
Defendant Morton’s Findings of Fact andConclusions at LawPage 1
Stafne Law Advocacy & Consulting 239 N. Olympic Ave Arlington, WA 98233360.403.8700

12/19/22

The game continues and the courts are playing along. Living Lies

The game continues and the courts are playing along.
The NY legislature is reponding to the decision referenced below with a proposed “new law” that returns us to where we always were on the statute of limitations. If you can’t bring a foreclosure action within 6 years, forget it.

12/17/22

Sen. James Sanders’ foreclosure-relief bill could help his own home in foreclosure NY Post

Sen. James Sanders’ foreclosure-relief bill could help his own home in foreclosure
A Queens state senator whose home has been in foreclosure for more than a decade could see relief from his creditors if legislation he proposed is signed by Gov. Hochul. Sen. James Sanders’ Foreclosure Process Abuse Prevention Act has already been passed by both chambers of the state legislature in Albany. The bill aims to “thwart and eliminate abusive and unlawful litigation tactics” used by banks. The measure would institute a six-year statute of limitations for which lenders can initiate legal action in foreclosure suits, preventing banks from indefinitely bringing foreclosure lawsuits against borrowers. “If the banks cannot present a fair case within six years, and that seems to be quite the length of time, then they should be dismissed,” Sanders told AM New York, while urging Gov. Hochul to swiftly sign the legislation.

12/16/22

'Zombie debt' has Port St. Lucie woman fearing she'll lose home to foreclosure WPTV

'Zombie debt' has Port St. Lucie woman fearing she'll lose home to foreclosure
PORT ST. LUCIE, Fla. — Charmaine Dixon lost her mother this summer. Now, she fears she'll soon lose her Port St. Lucie home. "I'm in trouble, and I don't know what to do," she said. "And I don't want to be homeless for the holidays." Paperwork shows she defaulted on a $37,000 second mortgage in 2008 during the Great Recession. Dixon said she worked with a bank to lower monthly payments on her primary mortgage to keep her house. She believed that second mortgage was rolled into the deal. Then she got a phone call last year.

12/16/22

False claims of securitization revise custom and practice amongst banks Living Lies

False claims of securitization revise custom and practice amongst banks
If you go into any bank looking to initiate a transaction with them, there is not a single exception that you will find anywhere with respect to general customs and practices in the banking industry – including investment banking.

12/15/22

New York Appeals Court Sides With Fannie Mae National Mortgage Professional

New York Appeals Court Sides With Fannie Mae
The New York Court of Appeals has ruled in favor of the Federal National Mortgage Association (Fannie Mae) in a foreclosure case that could have an impact on legislation awaiting New York Gov. Kathy Hochul’s signature.

12/14/22

Excessive Ranges of Fairness Will Forestall a Foreclosures Wave NewsAnyway

Excessive Ranges of Fairness Will Forestall a Foreclosures Wave
Foreclosures are rising as a result of expiration of mortgage forbearance and moratorium applications from the CARES Act. One actual property skilled says that it is no trigger for alarm as present market fundamentals stay sturdy. At present’s market has tighter lending requirements, extra help applications, and historic ranges of house owner fairness in comparison with downturns of the previous.

12/14/22

How This Homeowner is Winning Living Lies

How This Homeowner is Winning
Hat tip for Scott Staffne, Esq. for uploading an “Outline of Oral Argument Re Motion for Sanctions.” First, I commend the preparation, which is notoriously absent from most homeowner arguments and motions. In addition, both Homeowners proceeding pro se and frequently their attorneys are completely unprepared to raise objections to hearsay, business records, judicial notice, leading questions, and the absence of any foundation of personal knowledge. This is how homeowners lose so consistently. Anyone can lose any case that way. Here is ane example of using the rules to win the case without getting to the issue of whether any debt is unpaid or due.

12/12/22

Foreclosures soaring 57% Living Lies

Foreclosures soaring 57%
As I have repeatedly reported, Wall Street’s control over certain media outlets has consistently downplayed the number of foreclosures initiated against homeowners. We see far more articles saying foreclosures are low than anything warning about the flood that is happening. At the same time, the real data shows spikes everywhere.

12/12/22

Florida Homeowner Warning: CENLAR Is Cranking Up Florida Foreclosures For The Holidays! Are You Prepared? MFI-Miami

Florida Homeowner Warning: CENLAR Is Cranking Up Florida Foreclosures For The Holidays! Are You Prepared?
Florida Homeowner Warning: CENLAR is cranking up Florida foreclosures. This is bad news for Florida homeowners because CENLAR is hellbent on seizing your home! Therefore, MFI-Miami has teamed up with several Florida law firms to create a Florida foreclosure defense team specializing in CENLAR foreclosures.

12/10/22

In unusual move, registrar of deeds seeks to intervene in foreclosure Gloucester Times

In unusual move, registrar of deeds seeks to intervene in foreclosure
SALEM — For more than a decade, South Essex Registrar of Deeds John O’Brien has waged a campaign against what he argues is widespread fraud in the transfer of mortgages.
O’Brien has called out practices like “robo-signing” of transfers and the creation of what amounts to a private land registry that allows banks and investment funds to buy and sell mortgages without any public record of the transfer.
Meanwhile, in Beverly, community activist and former mayoral candidate Esther Ngotho was fighting her own battle to hold onto the Bridge Street home she purchased in 2004.
The purchase was financed with a $470,000, adjustable rate mortgage from what was then known as Option One. (Ngotho also obtained a $58,000 second mortgage from the city of Beverly, which required her to rent out one of the two apartments at an affordable rent for 15 years).
By the fall of 2006, just two years after she purchased the property, the payments had shot up, and Ngotho, like many other homeowners with adjustable rate mortgages at the time, fell behind. Option One sent her a notice of default that November.
“There is no question she was set up for failure by the lenders and others involved in this scheme,” O’Brien told reporters during a press conference Wednesday.
O’Brien was joined by Grace Ross of the Massachusetts Alliance Against Predatory Lending.
Ross also believes that Ngotho was “bamboozled” into a mortgage that the original lender knew she could not afford — and that it was part of a pattern of lenders preying on people of color, immigrants and women — like Ngotho, who fled Kenya with her daughter in 2001. Ross said Ngotho’s case is one of systemic “wealth-stripping.”
O’Brien contends that the documents submitted by Wells Fargo Bank on behalf of a trust that now owns the mortgage are “clearly fraudulent” and that he is “not going to allow Ngotho to be played by the lenders, the banks or by anyone who comes into the registry to file fraudulent documents.”

12/09/22

Lincoln County (NM) Sheriffs Commit Home Invasion Wall Street Stole My House

Lincoln County (NM) Sheriffs Commit Home Invasion
Deputy Sheriffs executing "civil" process, commit home invasion, kidnapping, and false imprisonment CALL TO ACTION: Contact the Lincoln County Sheriff’s Office and let him know how you feel about these appalling actions by his deputies.

12/09/22

Foreclosures on the rise in Virginia: Here’s how homeowners can prepare WAVY

Foreclosures on the rise in Virginia: Here’s how homeowners can prepare
VIRGINIA BEACH, Va. (WAVY)- Foreclosures in Virginia are up 175% from this time last year, according to Better Homes and Garden Real Estate Broker Susan Jenkins, as pandemic-era loan forgiveness programs come to an end and purse strings tighten.

12/09/22

Everyone thinks they are an expert. Then they start compounding errors. Living Lies

Everyone thinks they are an expert. Then they start compounding errors.
So for those who report to me that they have already sent a QWR, DVL or demand letter, let me say that unless you are an experienced litigator who has received the latest education in connection with the preparation of such letters, you should seek and obtain advice and assistance from a licensed professional.

12/08/22

Hochul urged to approve new safeguards in foreclosure process Spectrum Local News

Hochul urged to approve new safeguards in foreclosure process
A bill meant to reduce abuses in the foreclosure process in New York and add safeguards for homeowners is about to land on Gov. Kathy Hochul's desk by the end of the year. A coalition of New York City officials at the City Council, borough halls and citywide elected officials are urging her to sign it. Lawmakers who back the legislation have said the bill is meant to curb practices in foreclosure processes that are tipped against homeowners and in favor of banks during court proceedings.

12/08/22

U.S. Foreclosure Completions Increase Annually By 64 Percent In November 2022 Attom Data

U.S. Foreclosure Completions Increase Annually By 64 Percent In November 2022
Foreclosure Activity Remains Up 57 Percent from Last Year, and Foreclosure Starts Increase Annually by 98 Percent; But Both Measures Down from October 2022
IRVINE, Calif. — Dec. 8, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its November 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,677 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 57 percent from a year ago, but down 5 percent from the prior month.

12/08/22

AS LONG AS YOU FEEL GUILTY ABOUT WINNING, YOU WON’T Living Lies

AS LONG AS YOU FEEL GUILTY ABOUT WINNING, YOU WON’T
People make a spectacular fatal error when they assume that anyone with whom they are corresponding, paying or calling is the slightest bit interested in preserving the integrity of a loan account. For the investment banks, this is not about loans. It is all about selling securities and then stealing homes.

12/07/22

Converting from nonjudicial to judicial foreclosure Living Lies

Converting from nonjudicial to judicial foreclosure
nonjudicial is NOT supposed to be a workaround for due process. IT IS ILLEGAL TO USE NONJUDICIAL PROCESS THAT WAY. * The statistics are very clear. The foreclosure mills win far more often in nonjudicial foreclosures than in judicial foreclosures, where they are required to file a complaint containing allegations of fact that can then be tested in discovery.

12/07/22

Court: Homeowner can sue bank over improper foreclosure Journal Record

Court: Homeowner can sue bank over improper foreclosure
OKLAHOMA CITY – The Oklahoma Supreme Court ruled Tuesday to allow a former homeowner to seek punitive damages against the bank that improperly filed a foreclosure action against him.

12/06/22

Secretary Yellen, We’ve Got a “Staggering” Problem: New Report Shows Foreign Banks Have Secret Derivative Debt that Is “10 Times their Capital” Wall Street On Parade

Secretary Yellen, We’ve Got a “Staggering” Problem: New Report Shows Foreign Banks Have Secret Derivative Debt that Is “10 Times their Capital”
U.S. Treasury Secretary Janet Yellen has the dual role of Chairing the Financial Stability Oversight Council (F-SOC), whose role is to provide “comprehensive monitoring of the stability of our nation’s financial system.” Heads of each of the federal agencies that supervise Wall Street and the mega banks sit in on meetings of F-SOC.

12/06/22

Recovering Your Equity After Foreclosure Living Lies

Recovering Your Equity After Foreclosure
As a result of court bias and the plethora of legal preumptions arising from fabricated documents, it might well be the better strategy to do nothing and then sue for excess proceeds followed by an amendment to the pleadings alleging faud, compensatory and punitive daamges. Check with local counsel.

12/05/22

How homeowners win against foreclosure claims Living Lies

How homeowners win against foreclosure claims
People always write to me telling me that the documents used by the opposition are facially invalid. They say this because they do not know what they are talking about. They think the document is facially invalid because the lawyers and “Servicers” are lying. Lying, fraud, etc., is evidence of substantive invalidity but not facial invalidity. Do not use terms if you do not know what they mean in court.

12/02/22

Analyzing Q3’s Most At-Risk Housing Markets DSNews

Analyzing Q3’s Most At-Risk Housing Markets
ATTOM has issued a Special Housing Risk Report spotlighting county-level housing markets around the nation that are more or less vulnerable to declines, based on home affordability, foreclosures, and other measures in Q3 of 2022.
ATTOM’s report shows that New Jersey, Illinois, Delaware, and inland California continued to have the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City, Chicago, and Philadelphia areas. Southern and Midwestern states remaining less exposed.

12/02/22

How a Mass. man’s eviction from his home led to a bee attack on police MassLive

Alton King Jr., sits at the basketball court inside of his home at 49 Memery Lane in Longmeadow. (Hoang 'Leon' Nguyen / The Republican)
Before Alton King Jr.’s $1.5 million home gained infamy as the scene of a bizarre honeybee assault on sheriff’s deputies amid an eviction proceeding, it was the site of a posh fundraiser for then-gubernatorial hopeful Deval L. Patrick in 2006 and for countless pick-up basketball games since.
The full-sized basketball court that is the crown jewel of the grand home he built on Memery Lane was the lifeblood of the property in more ways than one. It also proved the root of King’s financial ruin at 80 years old.

12/02/22

JPMorgan Chase Is Sparking Up New York Foreclosures! Are You Prepared? Call 888.737.6344 Before It’s Too Late! MFI-Miami

JPMorgan Chase Is Sparking Up New York Foreclosures! Are You Prepared? Call 888.737.6344 Before It’s Too Late!
JPMorgan Chase is sparking up New York foreclosures. This is bad news for New York homeowners because JPMorgan Chase is hellbent on taking your home! Therefore, MFI-Miami has teamed up with several New York law firm to create a New York foreclosure defense team specializing in JPMorgan Chase foreclosures.

12/02/22

Dear Robo-callers, robo-texters, robo-emailers and robo-signers Living Lies

Dear Robo-callers, robo-texters, robo-emailers and robo-signers
If I leave my front door open, that is not an invitation for you to enter on my property, enter my house and find someone to sell something. That is called “entering,” and it is a felony. It isn’t breaking and entering, but it is entering. I don’t want you or whatever you are selling to enter upon my property or go into my house or distract someone from whatever they were doing, forcing them to escort you out or call the police.

12/02/22

FAUX TRANSACTIONS: The Mathematics (Bookkeeping) behind the securitization myth Living Lies

FAUX TRANSACTIONS: The Mathematics (Bookkeeping) behind the securitization myth
“You got the loan, didn’t you?” The correct answer is “NO.” While most Americans understand that Wall Street “securitization” is operating behind the scenes, as consumers they have no knowledge of how this is impacting them. And worse, they like to pretend that they do know.

12/01/22

HOLOGRAPHIC IMAGE OF AN EMPTY PAPER BAG: FTX Meltdown is the natural outgrowth of allowing trading in unregulated securities sold as “derivatives” Living Lies

HOLOGRAPHIC IMAGE OF AN EMPTY PAPER BAG: FTX Meltdown is the natural outgrowth of allowing trading in unregulated securities sold as “derivatives”
Alan Greenspan admitted (after the 2008 crash) that he and the rest of the Federal Reserve had made a huge mistake in failing to regulate the creation, sales, and trading of derivatives that were only tenuously linked to the lending marketplace. The securities had no value or known attributes, but Greenspan was operating under the Milton Friedman doctrine that free market actions would make any necessary corrections.

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