"Robo-signing, or the high-volume production of signed legal documents, has been a key element of the governmental and media foreclosure reviews. Chase's current pullback raises at least the possibility that at least some banks may have documentation problems in other business lines."
Full article at http://www.americanbanker.com/issues/177_7/jpmorgan-chase-consumer-debt-collection-1045606-1.html?zkPrintable=1&nopagination=1
19 January, 2012
15 January, 2012
13 January, 2012
The REAL Gordon Gekko?
It was 1987. The height of the "me generation". Hippies and Yippies had become "Yuppies". Young. Upwardly mobile. Professional. The epitome was featured in the very popular movie, Wall Street. His name was Gordon Gekko.
Portrayed by actor Michael Douglas, Gekko was a "corporate raider". He would buy struggling companies, strip off and sell the assets, and then dump what little was left. Including employees.
In a tasty bit of irony, Douglas (one of my favorite actors) later portrayed "President Andrew Shepherd" in "The American President".
And in a perfect example of life imitating art, a real-life Gordon Gekko is running for Andrew Shepherd's real-life job, under the name Mitt Romney.
Gekko and Shepherd are fictional characters. The son of the late George Romney, Mexico-born former adversary of Barry Goldwater (and himself a candidate in 1968), Mitt Romney is all too real. And so is his corporate raider company, Bain Capital.
His single largest source of contributions (like that of the current occupier of 1600 Pennsy' Avenue) is Goldman Sachs. You might remember them. A former CEO of Goldman Sachs was Secretary of Treasury in 1998 when mortgage qualifications were "eased". Another former Gold Sachs CEO held that Office 10 years later when the inevitable, predictable, and predicted result of that "easing" came to roost upon all of us, in the form of a $700,000,000.00 "bailout".
Any bets on what happens if Gordon Gekko gets Andrew Shepherd's job?
Portrayed by actor Michael Douglas, Gekko was a "corporate raider". He would buy struggling companies, strip off and sell the assets, and then dump what little was left. Including employees.
In a tasty bit of irony, Douglas (one of my favorite actors) later portrayed "President Andrew Shepherd" in "The American President".
And in a perfect example of life imitating art, a real-life Gordon Gekko is running for Andrew Shepherd's real-life job, under the name Mitt Romney.
Gekko and Shepherd are fictional characters. The son of the late George Romney, Mexico-born former adversary of Barry Goldwater (and himself a candidate in 1968), Mitt Romney is all too real. And so is his corporate raider company, Bain Capital.
His single largest source of contributions (like that of the current occupier of 1600 Pennsy' Avenue) is Goldman Sachs. You might remember them. A former CEO of Goldman Sachs was Secretary of Treasury in 1998 when mortgage qualifications were "eased". Another former Gold Sachs CEO held that Office 10 years later when the inevitable, predictable, and predicted result of that "easing" came to roost upon all of us, in the form of a $700,000,000.00 "bailout".
Any bets on what happens if Gordon Gekko gets Andrew Shepherd's job?
Lieberman's Bill to Kick Off Internment Camps -- Puppet Masters -- Sott.net
I was going to thank Joe Quinn for actually scribing "USA PATRIOT Act" correctly. It's particularly irritating to see those who anoint themselves "patriot", but either don't know, or deliberately misrepresent this attack - yes, ATTACK - on fundamental American principles. Lieberman's Bill to Kick Off Internment Camps -- Puppet Masters -- Sott.net: http://www.sott.net/articles/show/240118-Lieberman-s-Bill-to-Kick-Off-Internment-Camps#
I've often chided people when they say or write "Patriot Act", or even "USA Patriot Act". The level of ignorance that allows anyone to believe, even for a moment, that either of these mis-citations of the most Anti-American act of its time accurately describes this most-unpatriotic, ready-made act of treason boggles the mind. No patriotism exists, or was even contemplated, in "USA PATRIOT Act".
Quinn goes one better in laying out exactly how the Repugnants and Demonics came up with "USA PATRIOT Act":
I've often chided people when they say or write "Patriot Act", or even "USA Patriot Act". The level of ignorance that allows anyone to believe, even for a moment, that either of these mis-citations of the most Anti-American act of its time accurately describes this most-unpatriotic, ready-made act of treason boggles the mind. No patriotism exists, or was even contemplated, in "USA PATRIOT Act".
Quinn goes one better in laying out exactly how the Repugnants and Demonics came up with "USA PATRIOT Act":
"...the act's authors went to ridiculous lengths to make sure that the name of the act spelled out 'USA Patriot'. The name is a ten-letter acronym that stands for 'Uniting (and) Strengthening America (by) Providing Appropriate Tools Required (to) Intercept (and) Obstruct Terrorism'. 'Appropriate tools required'? Surely tools that are required are by definition appropriate? And how do you 'intercept terrorism'? And is merely 'obstructing terrorism' really enough? Aren't we meant to be defeating it, or at least smoking it out of its cave and rat and spider holes, disheveled beard and all."Read Quinn's article. It's long, and might require some backtracking (your mind will rebel over what it's reading), but the FREEDOM of current and future generations depends, in part, on the knowlwdge Quinn imparts.
12 January, 2012
About that "Man Behind the Curtain" Thing...
As sickening as it is, sometimes I just have to laugh. This..."news item"... touting the "inevitable" GSP candidate (hint: "Goldman Sachs Party), once again almost completely ignores Ron Paul! There's Goldman Sachs' puppet, and "the three musketeers". "Ron Paul, who finished second", is no more than an afterthought in this "fair and balanced" report.
Right.
"Faux News. As fair and balanced as Enron's books"
Right.
"Faux News. As fair and balanced as Enron's books"
11 January, 2012
New Chief of Staff: Former Hedge Fund Exec. at Citigroup, Made Money Off Mortgage Defaults | The Weekly Standard
What a suprise!
Obama's first chief of staff Rahm Emanuel once sat on the board of troubled federal mortgage giant Freddie Mac. Bill Daley, the president's chief of staff whose departure was announced today, was previously a top executive at financial firm J.P. Morgan Chase & Co. So of course there should be little surprise that Obama's latest chief of staff, announced today by the president himself, also has deep ties to the financial industry himself.
New Chief of Staff: Former Hedge Fund Exec. at Citigroup, Made Money Off Mortgage Defaults | The Weekly Standard
Obama's first chief of staff Rahm Emanuel once sat on the board of troubled federal mortgage giant Freddie Mac. Bill Daley, the president's chief of staff whose departure was announced today, was previously a top executive at financial firm J.P. Morgan Chase & Co. So of course there should be little surprise that Obama's latest chief of staff, announced today by the president himself, also has deep ties to the financial industry himself.
New Chief of Staff: Former Hedge Fund Exec. at Citigroup, Made Money Off Mortgage Defaults | The Weekly Standard
10 January, 2012
BREAKING NEWS!!! Google Masters Time Travel
It appears that Google bought Diebold.
I don't mean stock in Diebold. I mean bought Diebold!
How else could Google know, the morning before the New Hampshire Primary, who won?
http://www.nationaljournal.com/2012-presidential-campaign/apparent-google-glitch-shows-new-hampshire-primary-results-20120110?mrefid=related2.
WAIT! I've got this one!
Maybe Diebold bought Google. . .
Kudos to National Journal.
I don't mean stock in Diebold. I mean bought Diebold!
How else could Google know, the morning before the New Hampshire Primary, who won?
http://www.nationaljournal.com/2012-presidential-campaign/apparent-google-glitch-shows-new-hampshire-primary-results-20120110?mrefid=related2.
WAIT! I've got this one!
Maybe Diebold bought Google. . .
Kudos to National Journal.
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