We Are Drowning in False Debt While Realtors Push “Recovery”

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: The figures keep coming in while the words keep coming out the mouths of bankers and realtors. The figures don’t match the [...]

BERNANKE: RECOVERY COULD TAKE 4-5 YEARS

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary AS USUAL OVERLY OPTIMISTIC PROJECTIONS TO PACIFY THE PUBLIC DOES OBAMA WANT TO BE A ONE-TERM PRESIDENT? EDITOR’S ANALYSIS: Bernanke is clearly back-peddling from the rosy predictions everyone was making earlier, thus corroborating what we have been saying on these pages for years. The recovery, [...]

The Obvious: Bankers Told Recovery May Be Slow

“I’m more worried than I have ever been about the future of the U.S. economy,” said Allen Sinai, co-founder of the consulting firm Decision Economics and a longtime participant in the symposium. “The challenge is unique: poor and diminishing growth, a sticky unemployment rate, sky-high deficits and a sovereign debt that makes us one of [...]

Magnetar Echoes Livinglies call for Alignment of Investors, Servicers and Borrowers

see Magnetar%20Mortage%20Recovery%20Backstop%20Whitepaper%20Jun09.pdf Magnetar Mortage Recovery Backstop Whitepaper Jun09 Two things jump out at me with this paper from June, 2009. First it is obvious that the “real money” investors are defined as those seeking low risk and willing to take lower yield. The fact that they are called “Real Money Investors” underscores my point about [...]

FDIC Weighs Loan Principal Cuts to Fight Foreclosure

Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as some kind of kook. In truth, she ought to be running the financial part of this recovery although the FDIC is supposed to insure deposits, not necessarily write offs of bad loans. Bottomline, [...]