How the Goldman Vampire Squid Just Captured Europe

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Guest Writer:  Ellen Brown Ellen is an attorney and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites are webofdebt.com and ellenbrown.com.  She [...]

GLOVES OFF? Massive Wave Of Lawsuits To Be Filed By The US Against America’s Biggest Banks

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE ANOTHER BANK BAILOUT??? Massive Wave Of Lawsuits To Be Filed By The US Against America’s Biggest Banks As Soon As Tomorrow Submitted by Tyler Durden on 09/01/2011 22:30 -0400 FROM www.zerohedge.com American International Group BAC Bank of America Bank of America Citigroup Countrywide [...]

WALL STREET EXECS: NOTHING TO LOSE, EVERYTHING TO GAIN, WIN OR LOSE

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ LAWYERS CONSIDER NAMING INDIVIDUAL EXECUTIVES AS DEFENDANTS IN DAMAGE SUITS FOR HOMEOWNERS “the Federal Reserve purchased almost all the mortgage securities issued by Fannie and Freddie in 2009.” EDITORIAL COMMENT: Has anybody asked exactly what Fannie, Freddie and Ginny [...]

Barofsky: HOW TARP FAILED HOMEOWNERS

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The act’s emphasis on preserving homeownership was particularly vital to passage. Congress was told that TARP would be used to purchase up to $700 billion of mortgages, and, to obtain the necessary votes, Treasury promised that it would modify those mortgages to assist struggling homeowners. Indeed, the act expressly [...]

WELLS WHISTLEBLOWER REVEALS BLACK HOLE FOR DOCUMENTS AND PROCEDURES

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: LIVINGLIES HAS INDEPENDENTLY VERIFIED EVERY STATEMENT OF THIS WHISTLE-BLOWER. IT OPENS THE DOOR TO A WHISTLE-BLOWER LAWSUIT, A QUI TAM ACTION IN WHICH THE RELATER OR WHISTLE-BLOWER CAN RECEIVE HUNDREDS OF MILLIONS OF DOLLARS AS WILL THE LAWYERS. I’m sure that some smart [...]

Warren in – Summers Out: Change is in the Wind

SERVICES YOU NEED The surprising departure of Lawrence Summers, once touted as the next FED chairman, along with the installation of Elizabeth Warren, Chair of the Congressional Oversight Committee on TARP is a clear signal that the administration has turned its attention to the fundamentals of the economy and away from the ideology that directly [...]

CLASS ACTION FORM: HAMP and UNJUST ENRICHMENT

class_action_against_boa1_kahlo HAMP Editor’s Note: Excellent Pleading on HAMP, TARP and related matters. They also bring up unjust enrichment which might also be applicable to the receipt and non-disclosure of third party payments. Good facts on illicit “modification” practices and the reasons why the modifications usually don’t become permanent. KAMIE KAHLO and DANIEL KAHLO, on behalf [...]

Discovery Issues Revealed: PRINCIPAL REDUCTION IS A RIGHT NOT A GIFT – CA Class Action V BOA on TARP funds

REGISTER NOW FOR DISCOVERY AND MOTION PRACTICE WORKSHOP MAY 23-24 PRINCIPAL REDUCTION IS A RIGHT NOT A GIFT. IF THE OBLIGATION HAS BEEN PAID BY THIRD PARTIES, THEN THE OBLIGATION HAS ALREADY BEEN REDUCED. THE ONLY FUNCTION REMAINING IS TO DO THE ACCOUNTING. “ There should be no doubt in your mind now that virtually [...]

Allocating Bailout to YOUR LOAN

Editor’s Note: Here is the problem. As I explained to a Judge last week, if Aunt Alice pays off my obligation then the fact that someone still has the note is irrelevant. The note is unenforceable and should be returned as paid. That is because the note is EVIDENCE of the obligation, it isn’t THE [...]

Principal Reduction: A Step Forward by BofA, Wells Fargo

Editor’s Note: Better late than never. It is a step in the right direction, but 30% reduction is not likely to do the job, and waiting for mortgages to become delinquent is simply kicking the can down the road. The political argument of a “gift” to these homeowners is bogus. They are legally entitled to [...]

U.S. Plans Big Expansion in Effort to Aid Homeowners

March 25, 2010 U.S. Plans Big Expansion in Effort to Aid Homeowners By DAVID STREITFELD The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. Another element of the new program is meant to temporarily reduce the payments [...]

NPR Interview with Author Lewis Reveals Profits in Bad Loans.

Bear in mind now, that underneath this all are subprime mortgage loans and pool of subprime mortgage loans in which only eight percent have to go bad for the whole CDO to be worth zero. NPR Interveiw with Lewis Author Submitted by Ron Ryan, Esq. (Tucson) with the following comment: The story broke on 60 [...]

BOA Suits Claims Credit Reports Used Instead of Title Searches

BofA Title claims BofA Wants $535M From Title Insurers By DAN MCCUE CHARLOTTE, N.C. (CN) – Bank of America claims mortgage insurers owe it more than $535 million for losses it suffered when the housing bubble burst. BofA, which bought the poster boy of the subprime lending fiasco, Countrywide Financial, 2 years ago, says title [...]

Wave of Voluntary Strategic Defaults Coming: 20% Under water

Editorial Comment: Actually the number is far higher. We compute it as around 45% when all is said and done. First of all there is consensus that property values are actually around 15% less than seller’s are asking. Second costs of selling the home makes up the rest, taking another 6-10% off the selling proceeds. [...]

Taking Aim at Bonuses based on $23.7 Trillion in Taxpayer Gifts

see bully-bonus-11-7-billion-jpm If they earned it, what business is it of ours or the government? On the other hand, if they stole it, why are they not in jail? If there is money for bonuses it is because of illusory (fake) profits from an illegal scheme that I would call fraudulent. If that is profit [...]

Bostonian of the Year: Elizabeth Warren, Watchdog

Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the [...]

Head in the Sand: 4 Big Mortgage Backers Swim in Ocean of Debt

 Editor’s Note: Nobody wants to hear it. The housing market is dragging the government and the economic future of this country down the drain. For decades the FDIC has followed a model of dismantling failed banks by letting healthy banks take over the assets. Despite the calls from Sheila Bair at FDIC, we are clearly [...]

GRETCHEN MORGENSON Takes the Lead in Media Coverage of Mortgage Meltdown in NY Times

NOW AVAILABLE ON KINDLE/AMAZON Gretchen Gets It. The entire article is worth reading and even studying. If you get what she is saying, you can understand just how false this Waltz has been. “The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably [...]