Where are Bear Stearns mortgage executives now?

Bear Sterns 8-5-13Bear Stearns mortgage executives have plum jobs on Wall Street…

The executives in charge of mortgage securities at the failed investment house are now at JPMorgan, Goldman and Bank of America…

Posted on The Center for Public Integrity By Lauren Kyger and Alison Fitzgerald

Before Lehman crashed, there was “The Bear.”

Bear Stearns, once the nation’s fifth-largest investment bank, had been a fixture on Wall Street since 1923 and had survived the crash of 1929 without laying off any employees. Continue reading

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Have We Reached A Tipping Point In The Financial System?

The Daily Sheeple logo

The DAILY SHEEPLE says:

“March and April 2013 may go down in history as the tipping point for the western financial system.

We have already seen:

  • Lehman Brothers and many other financial firms collapse.
  • $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers. Continue reading

Bloomberg Terminal Iceberg – Tortious Interference?

Who Forced BLOOMBERG TERMINAL To Shut Down ALL Audit Service Providers? Can You Say Tortious Interference?

Bloomberg Titanic

A couple of weeks ago forensic auditors and attorneys ran into the Bloomberg Terminal iceberg when Bloomberg Terminal (a securities stock searching software program) locked them out of the loan finding program [LFND]). Without warning Bloomberg Terminal shutdown access to the loan searching program that had been used by numerous companies to research securitized trusts and the loans within in them. It appears too many loans had been found in trusts when the servicers were claiming ownership. What better way to stop the truth than to try to sink the ship?

Continue reading

HAMP – The Modification Scam …and NOW SETTLEMENT SHAM!

By Shelley Erickson, January 18, 2013

HOC_slide01_01The contents in the synopsis of the Wall Street and the Financial Crisis: Anatomy of a Financial Collapse will bring you up to speed on how, why and what happened causing the recent crimes against the homeowners by the banks, S&P and our politicians that led us into the HAMP & MOD SCAM AND NOW SETTLEMENT SHAM. Continue reading

EXPERT WITNESSES: Fraudulent Assignments of Mortgage are Void

Good information sometimes bears repeating.

BearThe over-burdened judiciary isn’t always up to speed as quickly as it ought to be and good case law doesn’t always make it to the top of the pile for the clerks to review and digest. Even good attorneys occasionally miss pertinent material.

So, let’s go back to about 2 years ago when Yves Smith, who is an absolutely brilliant author and blogger of “NakedCapitalism” and 4closureFraud, truly a leader in the foreclosure defense blogging pack, wrote about an Alabama securitization case named U.S. BANK v. ERICA CONGRESS.

Of course the case went to appeal and the outcome of the appellate decision was a unanimous decision, the Alabama Court of Civil Appeals reversed a lower court decision on a foreclosure case, U.S. Bank v. Congress and remanded the case to trial court.  The reasons hinged upon 2 superb expert witnesses.   Continue reading

The Silent Killer – like a heart attack – these thieves will destroy America

“Someday, it will go down in history as the first trial of the modern American mafia,” wrote Matt Taibbi in June 2012 in Rolling Stone’s The Scam Wall Street Learned From the Mafia – How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape.  Add that to Neil Barofsky’s new book BAILOUT where he discusses how this behavior stems from the fact that the Wall Street banks control and manipulate the U.S. Treasury…

And we begin to understand why this seems to be a never-ending nightmare.

Continue reading

Another Bandit Bernanke Multi-Billion $$$ Bank Bailout Blunder

The National Memo – Markets Surge As Federal Reserve Offers New Stimulus

Oh Pleeese, who does Ben Bernanke think he is kidding?!  Congress has the ability to say, “Don’t buy bad debt.”

The stock market surged today because the Federal Reserve announced it was going to take $40 Billion of our tax dollars per month “until further notice” and buy inflated, defective, fraudulent mortgage-backed securities (MBS) indefinitely from the banksters.

Does that really make any sense? Continue reading

Chapter 8 “Foaming the Runway” – Hero Neil Barofsky’s BAILOUT

Neil Barofsky is the author of the new book “BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”  If you read anything in Neil Barofsky’s new book – BAILOUT, you MUST read
Chapter 8 “Foaming the Runway”.  

Continue reading

Hon. Philip S. Straniere – The judge in the “Sixth Sense” part of the Civil Court, seeing cases with “dead corporations” represented by “dead law firms”

“This is another case which is slowly convincing me that I am the judge in the “Sixth Sense” part of the Civil Court where, like characters in that film who only see dead people, I am relegated to seeing cases with “dead corporations” represented by “dead law firms,” citing Hon. Philip S. Straniere from CENTURION CAPITAL CORP., v. ANNA GUARINO. 

Sounds a lot like mortgage foreclosure fraud, doesn’t it?  Bankrupt mortgage lending companies resurrecting themselves as the ghost of the bank or pretender lender that exited years earlier – all of a sudden, without legal authority they appear in court trying to fool the homeowners, investors, state recordation offices and courts with fabricated (too late) assignments of mortgage to trusts that closed years earlier and are now rapidly depleting their assets – paid off likely with TARP funds – thank you very much. Continue reading

RSN: The American People Are Angry

This is a post and video that the entire United States public needs to view.  Please forward the message to your friends and family.  Thank you in advance. DeadlyClear

By Bernie Sanders, Reader Supported News
28 June 12

The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes — with sky-high unemployment, with millions of people losing their homes and their life savings. They are angry that they will not have a decent retirement, that they can’t afford to send their children to college, that they can’t afford health insurance and that, in some cases, they can’t even buy the food they need to adequately feed their families.

They are angry because they know that this recession was not caused by the middle class and working families of this country. It was not caused by the teachers, firefighters and police officers and their unions who are under attack all over the country. It was not caused by construction workers, factory workers, nurses or childcare workers.

This recession was caused by the greed, recklessness, and illegal behavior on Wall Street. And, what makes people furious is that Wall Street still has not learned its lessons. Continue reading