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Share Yes, this is hilarious … as is our world’s current financial situation, if you have a irrepressible sense of humor or a sense of the absurd. Truly, that we are putting up with it is comical. “What does that mean?” “It means that they are going to print a ton of money.” “Why don’t they just call it [...] November 16th, 2010 | Tags: fed, federal-reserve, goldman-sachs, quantitative-easing | Category: Brief updates |
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Permalink Charles Ferguson’s film Inside Job is brilliant filmmaking that explains clearly and emphatically how the easiest way to rob a bank is to own one. Beautifully shot and scored, revealingly edited ,the film is a compelling, well written heist film — only this time, the pit in your stomach reminds you you’re one of those whose bank account has been cleverly siphoned [...] November 12th, 2010 | Tags: banking-system, Charles Ferguson, financial-industry, fraud, inside job | Category: Original articles |
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Permalink While the Fed congratulates itself on what it’s pulled off over these 100 years, “Scandal is spreading across Wall St like a very bad case of poison ivy. It seems as good a time as any to reconsider the paradigm we are holding of money and [...] November 6th, 2010 | Tags: banking-crisis, banking-industry, banking-system, BofA, debt, ellen-brown, fed, federal-reserve | Category: News posts |
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Permalink Share Photo Alan Cleaver via Creative Commons License Since I’m writing a book about money, friends often take me aside and ask what I recommend to deal with debt. Before this out-of-balance system made itself obvious, many of us created debts — now old debts — that we’re struggling to clear. Others of us — [...] October 27th, 2010 | Tags: bankruptcy, banks, debt, debt-relief, debt-settlement, financial-crisis, financial-industry, fraud | Category: Original articles |
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Permalink Share It is next to impossible to track down good reputable sources about debt settlement or bankruptcy these days, with all the articles out there trying to lure your business. I’ve done my best to compile a healthy list here. Do your research before deciding which route to take. If you want some rallying reasons to clear [...] October 27th, 2010 | Tags: bankruptcy, debt, debt-relief, debt-settlement | Category: Original articles |
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Permalink Share The snowball keeps rolling. On Friday (again waiting until the end of the week for the big news), Bank of America halted foreclosures across all 50 states — more lenders no doubt soon to follow their action. The New York Times reports: The plan swept states with some of the highest foreclosure levels, including California, [...] October 9th, 2010 | Tags: DOCX, foreclosure, foreclosure-proof, fraud, LPS | Category: News posts |
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Permalink Share The tide is turning. The shakeup ongoing from recent court cases that have uncovered the extended fraud in the foreclosure industry has given long-battered homeowners newfound power and resolve. On Wednesday, the Home Defenders League launched in California to help homeowners keep their homes and to call on Gov. Schwarzenegger to halt foreclosures in California. Today, [...] October 8th, 2010 | Tags: foreclosure, foreclosure-proof, fraud, home-defenders-league | Category: News posts |
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Permalink Share I’m not the only one seeing that the major disturbances coming to light in the foreclosure world are not mere surface tremors, but indicate a deep faultline that, as it keeps opening, just may cause the entire industry to fall into the sea. Wall Street wants us to move along, nothing to see here. Firms [...] October 5th, 2010 | Tags: ellen-brown, fed, foreclosure, foreclosure-proof, fraud, JPMorgan-Chase, MERS, neil-garfield | Category: News posts |
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Permalink Share Over the weekend, the AP reported that a Wells Fargo executive admitted back in May that he robo-signed up to 150 documents a day, yet that bank is still resisting halting foreclosures. A foreclosure case in Florida involving IndyMac/OneWest Bank was thrown out due to a robo-signer and lack of standing to foreclose. Saturday, [...] October 4th, 2010 | Tags: foreclosure, fraud, OneWest-Bank, robo-signers, Wells-Fargo | Category: News posts |
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Permalink Share Update: BofA waited until the end of the day today to announce it was also halting foreclosures in 23 states. From San Francisco Chronicle: The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them. Due to the [...] October 1st, 2010 | Tags: bank-of-america, BofA, foreclosure, foreclosure-proof, fraud, GMAC, JPMorgan-Chase | Category: News posts |
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