$114 Billion Withdrawn from Major Banks and other stories

CHECK OUT OUR EXTENDED DECEMBER SPECIAL!

What’s the Next Step? Consult with Neil Garfield

For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think).

So, why that mysterious $114 billion bank deposits withdrawal in early January?

Editor’s Summary: While there are always cycles of withdrawals and deposits, the sudden withdrawal of $114 Billion from depository accounts at the major banks is causing something of a mystery. My guess is that it is combination of a loop created by the banks who siphoned out critically needed capital from the this Country, plus movement caused by lack of confidence in the U.S. dollar and lack of confidence in the banks — or to put it more bluntly, outright distrust of those banks. The loop is a time honored technique borrowing from the practice of kiting. Instead of creating money out of nothing it does the reverse: it takes real money and hides it in the loop so it is virtually always in transit and never in any account for long.

For litigators doing foreclosure defense and other mortgage disputes, as they deny and discover pushing hard for the money trail, it will bring the truth out that the banks skimmed a great deal of money out of our financial system as soon as the banks had their hands on the money advanced by investors in bogus mortgage bonds. This is a hot bottom and you can expect a lot of flack as you get over the target of where the money went.

http://www.nakedcapitalism.com/2013/01/so-why-that-mysterious-114-billion-bank-deposits-withdrawal-in-early-january.html

SIGTARP: ResCap executives highly paid right before bankruptcy

Editor’s summary: Millions of Dollars in excessive compensation was paid to executives of an Ally Financial subsidiary despite the impending bankruptcy. Why that wasn’t clawed back and why the law enforcement inquiries failed to inquire why the money was paid in a company going to crash mode is another mystery. And apparently it was done with the full knowledge and consent of the US Treasury department, courtesy of Hank Paulson, Bush’s treasury Secretary, and left to harden into a fair acommplit when Geithner came into the Obama administration.

Here is a theory about those sudden bonuses, options and salaries given to top executives of the nations worst actors in the mortgage meltdown: first it was hush money creating a “club” of those who knew that had been vastly overpaid and comfortable for life as long as they kept their mouths shut about what really happened in the sham securitization of mortgage loans. Second, is the component of greed that they managed in the chaos to take money out that belonged to investors and should have been credited to loan receivable accounts just because they could.

This is another hot button that brings litigators closer to suing individuals who diverted money that was available to pay down the amount due to investors and thus reduce the amount owed to investors from Borrowers and other co-obligors and guarantors.

http://www.housingwire.com/news/2013/01/28/sigtarp-rescap-executives-highly-paid-right-bankruptcy

Ex-Jefferies trader charged with defrauding TARP

Editor’s Summary: Throwing the sacrificial lamb under the bus: “Jesse Litvak, 38, is accused of inflating the cost of mortgage bonds when brokering sales by quoting a higher price to buyers than the sellers were actually seeking — or vice versa — and pocketing the difference for Jefferies (JEF). In other cases, Litvak allegedly told buyers that bonds held by Jefferies were being offered by fictitious third-party sellers, allowing him to charge extra for the transactions, federal officials said.”

Remember all that talk about the tier 2  yield spread premium and outright theft through fictitious transactions? Here is one the banks are giving up in the hope of crating the illusion that this was a isolated instance of a bad guy — who was merely following the model of the big banks. In a small operation like Jeffries there is little to claw back. In the large banks there are trillions that could be clawed back if the money can be found in the deposits and loops around the world (see above). Whatever happens to Jeffries should happen to all the big banks and “titans” of Wall Street who set up the structure, followed the plan and got away with the largest economic crime in history, affecting generations of people around the world.
http://money.cnn.com/2013/01/28/investing/jefferies-trader/

Eric Schneiderman: Mortgage Task Force Eyeing Broader Suits – The Untouchables

Editor’s Summary: Finally in New York, the first shoots of green are starting to appear from a task force that Obama set up to determine what REALLY happened to the U.S. economy and who should be held accountable.

Schneiderman, US Attorney in New York: “We found in several cases that we brought already — and we have other investigations under way — it was a sham. A lot of them used the same third-party due diligence firms to screen the loans. There’s evidence that they knew they were taking loans they shouldn’t take. There’s evidence that there were folks who tried to raise the alarm and were silenced. …”

Unlike previous investigations that got lost in the weeds this one, combining the resources of law enforcement, regulatory agencies and consultants is looking at the patterns of behavior and the system fraud at the core of the mortgage meltdown. Watch this case closely and get all you can from pleadings in court, because the agencies and law enforcement have the resources to retrieve the kind of information routinely denied to borrowers who are “making up excuses and wild defenses.”

With any luck at all, this task force will reveal that most of the homeowners were tricked in the same way that the investors were tricked and the defenses and counterclaims of homeowners have merit and require restitution and damages for obviously fraudulent mortgage origination and obvious faking of the securitization of the loans.

http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/untouchables/eric-schneiderman-mortgage-task-force-eyeing-broader-suits/

Fannie, Freddie program to allow underwater homeowners to walk away from mortgage

Editor’s Summary: What is different is that Fannie and Freddie are taking the proactive move of avoiding waves of foreclosures caused by people who simply abandon their homes leaving the entire process of foreclosure, questionable credit bids, and simply recognizing that people are not going to volunteer to sacrifice their lives for the banks.

This time it is aimed a those who have been paying their mortgage payments. This focus is an extreme divergence from industry consensus that caused all the banks and servicers that said to borrowers you must default on the loan before we can help you, and then proceeded to foreclose after the borrower went through the gyrations of lost and “unreceived” and deleted documents for a modification that was never going to happen anyway.

It also tacitly pivots the general view that borrowers are all deadbeats. Here we are strictly talking about the people who HAVE been paying their mortgage but are likely to walk from their property, and/or spend far less in a consumer driven economy because of their perception that their net worth has been eliminated or largely diminished.

Fannie and Freddie are neither depository institutions nor lenders. The phrase used in the industry is that the loan was “bought” by the GSE’s who do not buy anything, loan anything or even handle the money from payments or hedge products from insurance and credit default swaps. The GSE’s add a stamp of “Approval” for a guarantee backed by the full faith and credit of the the United States. The loans are actually purchased when they are sold and supposedly securitized in the secondary market with Fannie and Freddie being the Master Trustee.

While tens of thousands of foreclosures are filed each month claiming tacitly or overtly that they represent one of the GSE’s, the fact remains that neither Fannie nor Freddie even know the action is pending. This is exactly the same method used withe the “trustees”of the investment pools who know nothing, do nothing and never handle a dime — which is just like the MERS model where claims are made under cover of apparently authentic documents that were fabricated and forged.

MERS doesn’t know how many foreclosures were conducted in its name because it doesn’t care. They never touch a dime, submit a bid, or act on the order lifting stay in bankruptcy court. Someone else does all that, submits the credit bid from a non-creditor all without seeking or getting an order lifting the stay.

Add to this Mix the fact that Fannie and Freddie are suing and settling cases in which the loans are “put back” to the investment bank, and you get a real stew that stinks.  This leaves the investment banks wide open for a direct suit from the borrowers and investors because they are now holding the the supposed asset but the investment bank doesn’t appear anywhere on the foreclosure forms.

http://agbeat.com/housing-news/fannie-freddie-allow-underwater-homeowners-to-walk-away/

We enter now the fifth inning of a nine inning game that might extend into overtime. Between the crunch from the government, the crunch from investors, the crunch from the GSE’s and the crunch from hundreds of thousands of borrowers who now realize that part or all of their secured loan was never properly originated and thereafter was paid down by third parties, the banks are headed for some rocky shores.

The Wall Street spin is about to become unraveled and the ratings of those written off as lunatics will become known as prescient. Unlike some, my articles here are based upon information provided by anonymous sources who know the actual facts, people, places, methods and goals of the banks. It is the same old story:  you can fool all of the people some of the time, and you can fool some of the people all the time, but you can’t fool all the people all the time.

I still have hope that the oligopoly created by the banks that controls our ability to function as a society, that influences to a great degree what laws are passed, will be broken, like they were one hundred years ago under Teddy Roosevelt. 

77 Responses

  1. ….at any price may I add…

  2. Terror tactics. I am not intimidated…..I am empowered by those. They make me want justice even more. I know they dumped their fraud in a GLOBAL BLACK POOL and the bank owners want to collect rent on the land and the building forever..They will get greedy again and overissue investments in that too. I have received numerous offers from “interested buyers”….I tell them my home is not for sale to VULTURES….

  3. The bank owners just want to see if they can take everything away from the people. They believed we were so severely brainwashed by them we would accept anything. They wanted to take us over by mind control without ever having to fire a shot. A hostile takeover would meet too much resistance, that is why they want our guns. The bleeding heart liberals are promoting this destruction of our legal rights. Gabby Gifford’s husband on CNN trying to get sympathy for the devil by telling everyone about his wifes shattered life and the lone gunman theory. While her story is sad, more people suffer worse injuries in car accidents. The truth is, in a free republic, only you can defend yourself. These are the perils of being free.

    If this Globalist totalitaian takeover should come down to guns and bullets, we better be prepared. YOUR RIGHT TO DEFEND YOURSELF IS YOUR LEGAL RIGHT NO MATTER WHAT THEY TRY TO TELL YOU.

    YOU AS A NATURAL BORN U.S. CITIZEN have a CONSTITUTION…..A RULE OF LAW THAT IS POWERFUL BECAUSE IT GIVES SUPER POWER TO THE CITIZENRY……IT AFFORDS YOU A LEGAL RIGHT TO LIFE …..FOOD, WATER, SHELTER…..LIBERTY…RULE OF LAW ….TO PURSUE HAPPINESS……AND A LEGAL RIGHT TO DEFEND THOSE LEGAL RIGHTS WITH THE BILL OF RIGHTS….IF THE CONSTITUTION…YOUR LEGAL RIGHTS ARE NOT BEING UPHELD BY TRAITORS….

  4. The Cherry on Top … the Buttwipe who did it was not the creditor,lender,origionator,holder or mortgagee of title.

  5. Poppy, they list pre-forclosures also. Lets use a blogger here for instance… her house with pic and details is on the internet listed in pre-forclosure. Why do you think they list them before a fc is completed? What would you do if you were not in default and they filed LP on title and filed fc and plastered a pic of your property all over the internet as a preforclosure to find advance buyer? Liability Anyone?

  6. I was also thinking after checking Fannie/Freddie home sales…I think we have a buy here, pay here deal, similar to auto sales. If they do not lend anything and are selling OUR homes, where people are making payments to them…hence it is a buy here pay here scheme.

    Gets better every day!

  7. Sure, if they are only required to keep 10% and lend the “fictional” 90% from bonds/debt…problem is they are not solvent and everyone’s money is at risk that has it in the bank, while they steal your home and have not lent ONE PENNY on it to you! Greatest Ponzi Scam of mankind!

  8. Pleased to meet you…..hope you guess my name….but what’s confusing you is the nature of my game…..read all about the nature of that game here…… http://www.fourwinds10.net/

  9. You decimate your own character Deborah Wynn as do the rest of you trolls. You are the only hell dwellers. I am free because I know the truth about the evil plan. I pity all of you evil ones. My only hope is I can reach and expose the truth about this evil to as many as possible.

  10. i tried to be nice honestly i did because i feel sorry for someone so in hell themselves

  11. i still like to read what neil writes and others on the blog, ms/mr stripes who ever you are you defamate my character publicly that i take seriously, you never shut up attacking people such as myself who are already doing the work that needs to be done. just about everything you keep repeating has zero effect on the issues of society, did you ever hear the saying “the worlds a mirror” you see evil because you created that “reality” for yourself, i had nothing to do with it nor these good people on here so get outta your rocking chair and use your time productively get yourself a little sign on a stick and go stand outside your courthouse or something im sure it will make you feel better your exposure will be better you might get your name in the paper.your real name.

  12. The evil “doers” are finding out, the door swings both ways….

  13. I am happy to see I have you cowards begging for mercy….

  14. We’ve asked nicely…..

    ngarfield@juno.com

  15. Christine……EVIL is a perversion of the fundamental good of God’s creation and it must be exposed. There is good & bad in everything…take for example the number 666…..it is the microchip mark of the beast and a sign….a wake up call from the Lord to beware the microchip mark of the beast. It is a command from the Lord that we must revolt….

  16. I posted on a post here that the Bloomberg terminal was shut down today to all but the banks. All lawyers and Marie McDonnell analytics and Dubin and many large companies all but the banks. Suppose they are hiding the hot air filled trust, and crime within the trust? Perhaps?.

  17. Just about everyone that I meet now has some understanding the banks are crooks and are stealing houses.

  18. Iwantmynpv,

    Hey pal, when you meet Garfield in FL, please let him know how much damage has been caused to his website by the certified moron who’s been hijacking it for 8 months and how many people he can no longer help because they no longer want to have anything to do with it.

    It’s not only a disgrace but also a serious hindrance to his own fight and credibility.

  19. I had a believe it or not moment myself today. Flipping radio stations I found myself on the dreaded progressive radio station…I was in the enemy camp…the local Obamination station. Think MSNBC on the radio……They were actually bitching about the billions the crooked politicians (really $60.4 trillion) have handed the suck hole AKA…..THE TBTF…….They didn’t name any names of course but it almost sounded like they are maybe starting to slowly come out of the Obama ether…

  20. Sounds exactly like bank owner commie totalitarian trolls like Deborah wynn…What I can’t imagine is WHY ANYONE WOULD WANT TO LIVE UNDER A COMPLETE COMMUNIST DICTATORSHIP..A TYRANNY..? WHY WOULD ANYONE WANT TO WORK FOR SOMETHING THIS EVIL…? WHAT ARE THEY PROMISING YOU THAT’S WORTH THAT…? THERE IS NO LOYALTY AMONG THESE THEIVES…THEY WILL USE YOU UP, ABUSE YOU AND THROW YOU AWAY WHEN THEY ARE DONE WITH YOU…FOREIGNER OR NOT.

  21. Ill have case law tomorrow. Sorry

  22. Iwantmynpv,

    Have you seen what went on in Davos? Coupled with IMF debt forgiveness everywhere? Have you seen how, all of a sudden, mainstream media is finally getting the drift of the fraud committed by the banks?

    Pretty cool, huh?

  23. The link is blocked….you can find the article entitled: WILL YOU OBEY AND SUBMIT? here…
    http://www.fourwinds10.net/

  24. A troll – i dont know if you know the story of three billy goats gruff, well, theres 3 of em and thru have to go over this lityle wooden bridge to get to where they need to be but under the bridge lives this dearf type ugly munckin guy hes mean and hes called a troll in this traditional kid story
    .anyhoo, end game big billy goat gruff chsrges into the troll and knicks him over the bridge when he stands there telling him he cant go over ” his”
    bridge wow… I think the moral of the story fits the definition of a stripes troll,

  25. @Louise

    Although, Fannie and Freddie shared a monopoly (political slush fund) here it the private label king.

    http://en.wikipedia.org/wiki/Lewis_Ranieri

  26. notmympv….a troll is a blogger who is working in the enemy camp against our Constitutional Republic. They are liars and deceivers about the truth or they try to cover up the truth about this Globalist totalitarian scheme to end our national sovereignty, our freedom and liberty under the UNITED STATES CONSTITUTON.

  27. @ Louise,
    Who invented GSE’s?
    There is a great video from PBS Frontline
    Money, Power, and Wall Street.
    pbs.org/wgbh/pages/frontline/money-power-wall-street/
    It exposed the fraud, and gave some scenarios of what was going on behind the scenes with the Fed saved some banks and let others FAIL miserably.
    It’s a good watch. The paper shuffling alone and how the banks when they finally had to look at each other’s books to see who would take over who, one bank would say something like “you carry that 6 times over? We only carry it by 4” I made that up, that’s not the phrase, but there was a way they priced their assets and some banks over stated the worth whereas other banks overstated but were more conservative in their GREED.

    Trespass Unwanted, Corporeal, Life, People, Free and Independent, State, In Jure Proprio, Jure Divino

  28. We were cut off last week for violating the terms of our agreement.

  29. stripes, what is a troll?

  30. The truth is helpful and the truth is out about alot of the lies notmynpv……you trolls really need to chill out.

  31. It’s called Globalization. The politicians rob our wealth, (like the illegal immigration scam) RE-DISTRIBUTE it to the foreigners so everyone ends up equal slaves to the bank owners on their global slave plantation. All the bank owners and their minions are investing heavily in the U.S. becoming a nation of RENTERS. That is why they are desecrating our property. Then they will tell us the BIG LIE that AMERICA IS BROKE…..and tell us we are all RENTERS now… Cue the RFID CHIP…. unless the people WAKE UP and stop complying with their fraud and revolt on everything these sneaky lying scumbag GLOBALIST politicians are doing.

  32. Marie McDonnell analytics and Dubin were cut off also Everyone but possibly the banks.Were cut off from the Bloomberg terminal.

  33. This morning Bloomberg Terminal shut down it’s loan find program that it had sold to hundreds of attorneys and forensic investigators across the country. Bloomberg was asked if the banks pressured them but the party line is that information was being sold to non-subscribers… Yeah, homeowners were getting information that proved their loans were still actively trading and that the trusts were not showing losses, at least not in the amount the foreclosure attorneys claimed.

    There is another route to access information ABSNet which may have the same info and more. But this is just another dose of suppression by the elite… And of course, they have nothing to hide, no fraud, no intent…

    From deadly clear!

  34. Neil, who let you into the “loop”. That is a new term for this site, and interesting to say the least. The money is not lost – it is intentionally distorted and it never leaves mother hen.

    Watch the strong yen, regardless of policy in Tokyo. Things are about to get exciting. Continue to short Zillow and Trulia – both up on Goole rumors of buyout. These websites are part of the problem – not the answer.

  35. CNBC’s Kudlow reports Obama & Congress agree on rights for illegal immigrants … Of course they do because that is what the bank owners want. Our robbery and no borders. Its a real FREE FOR ALL for our enemies both foreign and domestic and their commie agenda. Illegal aliens get all the free stuff like healthcare and education they want the minute they cross the borders…all 11 million of them according to Kudlow. It is a FREE FOR ALL welfare program for illegals and we are ALL paying for it…!

  36. Oops correct error….free speech is not about agreeing with what someone has to say……but defending their right to say it..I am always open for debate.

  37. Some people believe freedom of speech means speech is only free if you agree with what they believe or sag. I believe free speech is debating, not agreeing with everything someone says. Free Speech is certainly not trying to destroy someones right to say what they believe.

  38. Poppy- you said every day we move further and further away from what matters and “for what”
    you know i truely think the “for what” is the win/ego of the attorneys working for these schiasters- they KNOW they are sciastering they know that their beloved America has been brought down- FOR WHAT THE COLOR GREEN. WAKE UP sciasters for the sciasters

  39. You are obviously a troll sheister1…How do I know that…..? Neils private practice has NOTHING TO DO WITH THIS BLOG…..FURTHERMORE….. WE THE PEOPLE DO NOT GIVE A DAMN WHAT THE BANKSTERS/POLITICIANS OR THEIR TROLLS OPINIONS ARE BECAUSE THEY ROBBED US….AND THEY STILL ARE….HERE IS A MESSAGE YOU CAN BRING BACK TO YOUR SLAVEMASTERS….YOU ARE ALL NO GOOD CROOKS, SWINDLERS AND SHEISTERS….AND NO ONE IS FOOLED….

  40. There is such a thing as freedom of speech – but this is a privately run website – so Neil you can block anyone you want – it’s your diner you can serve or not serve anyone you desire. You are trying to do some serious professional stuff in FL – great – but you are going to most likely lose audience or even remote attention by any parties who are serious because they will take a quick survey of your site’s commentary and decide you’re not keeping your site in check; how will you keep a legal profession remotely in check as well? Please permanently block rogue commentary . . .

  41. I think there is something really pathologically wrong with that boy…

    “JPMorgan Chase Trying To Block Shareholder Vote On Breaking Up Bank

    Jan 24 (Reuters) – A federation of U.S. labor unions is looking to force JPMorgan Chase’s board to consider breaking up the company after the disastrous “London Whale” affair, but the bank is trying to ensure that its shareholders do not get to vote on the union’s proposal.

    The largest U.S. bank is seeking permission from the U.S. Securities and Exchange Commission to omit the proposal from the measures that shareholders vote on this spring, according to a letter sent to the agency on January 14.

    The AFL-CIO’s Reserve Fund, a union fund that owns JPMorgan shares, wants the bank’s board to form a committee that would explore “extraordinary transactions that could enhance stockholder value,” including breaking off one or more of the company’s businesses. The panel should hire third-party advisers and make a report to shareholders 120 days after this spring’s annual shareholder meeting, according to the proposal.

    The bank has become too big manage, the proposal said, citing more than $6 billion in losses last year by a trader nicknamed the “London Whale” in the bank’s Chief Investment Office in London.

    “In our view, the evidence is mounting that JPMorgan has reached the point where stockholders would benefit from restructuring,” the AFL-CIO said in its proposal.

    More here…

    ~

    http://www.huffingtonpost.com/2013/01/24/jpmorgan-chase-break-up-shareholder_n_2544149.html

  42. Looks like the big banks are starting to teeter. How many new suits by investors is the big question. The more, the better. I see even the Salvation Army is suing because of lousy investments in mortgage backed securities. Who, exactly, invented mortgage backed securities and when?

  43. I agree poppy…..the people are FED UP…..and refuse to accept the bank owners criminal totalitarian fixes for fraud. Time to print our own Constitutional currency….We need to restore our Constitutional Republic and take back what these crooks have stolen and hijacked by whatever means necessary.

  44. Nothing is free. The Capitalistic model makes us all indentured slaves to this economy. Most of us barely have time to see the sun rise, walk on the beach or spend quality time with our families.

    Every day we move further and further away from the things that really matter…For What, I ask?

  45. Some Americans believe the dictator is looking to seek an indefinite dictatorship and that’s why he is letting in all the illegals and wants our weapons. Don’t give up your guns people because this is war, they just aren’t telling us.

  46. GUEST asks coyly…..WHAT DOES FREE MEAN……? And I don’t want to be a part of it…….LIAR…..! WHY DON’T YOU CALL UP THE POLITICAL PIMPS & WHORES IN D.C. AND ASK THEM WHAT FREE MEANS…..? START AT THE WHITE HOUSE …..AND WORK YOUR WAY DOWN THE PYRAMID SCAM….HOWEVER……THEY PROBABLY WON’T TELL YOU THE TRUTH SO ALLOW ME………IT’S THE BANK OWNERS BUSINESS MODEL…..& WE THE PEOPLE ALL PAID FOR IT…

  47. Local media reporting…..THE FED IS GOING TO KEEP PRINTING MONEY FOR THEMSELVES TO REPURCHASE & REINVEST IN A QUADRILLION DOLLARS OF THEIR OWN CRIMINAL BANK FRAUD THEY COMMITTED IN OUR NAMES WITHOUT OUR KNOWLEDGE UNTIL WE ARE ALL BANKRUPT…….! YES….IT’S OFFICIAL… IT’S A FREE FOR ALL..! THANKS TO THAT LONG LEGGED PIMP DADDY AND HIS CRIMINAL FRIENDS IN WASHINGTON WHO WORK FOR THE BANK OWNERS ……..

  48. I know Common Sense is not grown in every garden, but where does FREE come from? Does it grow in a garden? What does it look like? Can you show me a picture of it? What does it feel Like? If you are an example of FREE … No Thank You! I Do Not Want Any of It! ..

  49. We will use that song FREE FOR ALL…..as our motto…… I think it’s by Rick Derringer……it goes like this…..”help me I do declare it’s a free for all…”

  50. There are in reality…. 2 kinds of truth……the evil truth and the good truth….

  51. Christine is getting morals now….? There’s the proof… your truth is evil…..It keeps changing form…but it is the same old evil…..Gods truth…..the good truth.. revealed that.

  52. If the FED can print money endlessly for themselves and their friends….where’s the value in money….? There is NONE…WELL THEN…..why not us….?! After all, WE THE PEOPLE ARE THE GOVERNMENT…IF MONEY IS FREE FOR ONE, IT SHOULD BE FREE FOR ALL…! LET’S PRINT OUR OWN CONSTITUTIONAL REPUBLIC CURRENCY & WE WILL MATCH IT WITH THE FACE VALUE OF THE FEDS CURRENCY…..THEN EVERYTHING IS FREE FOR ALL…..? WE WILL CALL IT THE NEW CONSTITUTIONAL ECONOMIC POLICY…. THERE IS NONE….!

  53. “…the truth is evil…” ?????????????????????????

    Whatever happened to “Gawd is truth”?

    Surreal.

  54. Food producers and distributors have investors/speculators. Hospitals have investors/speculators. Schools have investors/speculators. Waterways, towns, cities have investors/speculators. One can “buy” a piece of highway. In MA, it’s advertised on every one of them. In OH, cities and towns are all incorporated. It’s insane!

    Even churches have investors/speculators.

    The world is waking up to it. Slow process but it is happening. We are taking back what’s ours. As my husband is found of saying: “Stealing from a thief is taking back what’s yours.”

  55. Yes I know exquisitor…the truth is evil….but it is also much needed. You just have to learn to fight fire with fire.

  56. elexquisitor…..why are you & Ian being such poor sports ….. ? Didn’t you hear the news….? THIS CAME RIGHT FROM THE MOUTH OF A BANK ATTORNEY…… THERE IS NO LAW…..! FUGGETABOUT CASE LAW….THERE IS NO LAW…..WHY NOT FOLLOW THEIR OWN RULES FOR RADICALS AND FOLLOW THE FRCP….& SERVE THEM A BIG FAT SUMMARY JUDGEMENT BECAUSE THEY OWE US GAZILLIONS…

  57. Collusion is everywhere….people NEED to wake up. Prices are being set by ALL of the major corporations. What makes me want to hurl is the very idea energy companies have stockholders…really? Drive through Cincinnati and find CINERGY FIELD…this is what are outrageous energy bills are paying for? And dividends for stock holders of a monopoly? UGH…

  58. Financial perverts say WE THE PEOPLE WILL HAVE TO RE-PAY A QUADRILLION Vatican/Obama dollars….NO PROBLEM…..WE WILL JUST GO PRINT SOME..! THE NEW AMERICAN BUSINESS MODEL WILL BE WHY GO TO WORK WHEN YOU CAN PRINT YOUR OWN MONEY AND REPAY AND REPURCHASE IT FOR ABSOLUTELY FREE……!

  59. 2nd plea

    I agree with Ian about stripes

    Hello Neil, sorry to say, but I am not enjoying your blog due to stripes/ivent never-ending posts. She has to go, most of us don’t read her posts, skipping by anything with her name in front. We want to read about case law, recent changes in the law, pro se wins and strategies, etc.
    Please remove her from your site. I have been here almost 5 years and consider her rants an insult to common manners and decency.
    Thank you.

    I was about to introduce topic of “vesting assignments” found in my discovery but I refuse to sign up to have stripes fill my email with distracting nonsense.

  60. Law enforcement and the judiciary has even joined this ghetto economic team of slumlords from hell ….time to break out the ghetto blasters America…!

  61. Why have a problem with them….? When in fraudulently induced bankster hell….do as the banksters do……Lie…rob…cheat….steal..& counterfeit….! Yahoo…!

  62. WE WILL CALL OUR MOVEMENT….THE SUMMARY JUDGEMENT FROM HEAVEN…IT WILL BE THE FINAL JUDGEMENT……WE THE PEOPLE WILL FORECLOSE ON HELL….! BRILLIANT…..!

  63. Poppy,

    I’m there with you except that, more than simply not producing, creating, inventing, manufacturing or otherwise contributing to the evolution of this country, banks have systematically stifled man’s evolution by deciding what would see the light of days and what wouldn’t (think Tesla and Faraday), while playing on man’s worse character trait: greed, by encouraging and promoting rampant and uncontrolled speculation on everything necessary for human’s survival (food, medicine, oil, energy, etc.)

    I, personally, have a problem for example, when on Monday, at 10:00 am, gas costs 3.24/gal. Come back 3 hours later, it has jumped to 3:41/gal., to fall back to 3.09 on the following day. Why? Reserves did not change within 3 hours. No major event took place justifying it. Unbridled speculation with government blessings.

    People are now ready to get back control over their life. Took a while. We’re waking up.

  64. Time we said…..Why the hell not …..? Lets fire this baby up…..! I thing the Creator would rejoice that instead of fearing them….we became like them….PRINTED OUR OWN MONEY AND FREED OURSELVES….! YAHOO….!

  65. I think you are living it poppy…. All we need to do now is fire up our own printing presses like they do then we all will ALL have it made…..The end to poverty……! It will be a beautiful thing….! We can all work at nothing all day like they do…..! Oh hell yeah…!

  66. Ex Illinois Senator convicted crook GEORGE RYAN IS GETTING FREED….! HOW FECKLESS….& EVIL…..BEAUTIFUL…!…TIME TO FREE MANSON & FAMILY TOO…..WHAT THE HELL …WHY THE HELL NOY…….FREE ALL OF THE ROBBERS, MURDERERS ..& CHILD MOLESTORS..!!! …..THEY HAVE NOTHING ON THESE POLITICIANS & BANKSTERS……! WHY NOT JOIN THE PARTY…? IT’S A JUNGLE OUT HERE ANYWAYS…..!

  67. Had they let them fail and broke them up…we would have a chance of being on the upside of this corruption and moving forward.

    They offer nothing, manufacture nothing, squander other’s money and play the one-armed bandit with the cash…personally, I hope I live long enough to see this burn to the ground!

  68. We will just pretend to be lawless and immoral…..wink…wink..while we all fight fire with fire….MASTERFUL…Send us all your illegal immigrants….and your slaves…we will buy them too….! All bets are off in the land of the immoral & lawless….COME ON IN …! YOU ARE GONNA LOVE THE NEW AMERICA..IT IS COMPLETELY IMMORAL….LAWLESS… & FECKLESS …… BECAUSE WE ALL PRINT OUR OWN MONEY……..AND YOU CAN’T OR WE WILL DEPORT YOU….!

  69. Correction….what a glorious lawless and immoral world this will be….! I always believed in an eye for an eye…..Gods plan is always better…..Fight fire with fire….! BRILLIANT…!

  70. Just imagine …..WE THE PEOPLE could end all bankster fraud & strife and poverty just in time to celebrate the end to social strife ……REAL HARDCORE ISSUES LIKE … the gay ban on boy scouts …Gay marriage …… open gayness in the military & women having their limbs blown off in military combat….

    What a glorious lawless world this is going to be….!

  71. The ghetto prince and princess and his court of slumlords want all of us to slave and RE PAY for everything while they keep printing monopoly money for themselves and their criminal friends. Must be fun for these crooks to print as much money for themselves as they want. If they want us to REPAY FOR ALL THEIR CRIMINAL FRAUD THEY COMMITTED IN OUR NAMES THEN I GUESS ALL OF US WILL JUST HAVE TO FIRE UP PRINTING PRESSES OF OUR OWN…..BECAUSE

    A BANK ATTORNEY TOLD ME THERE IS NO LAW WHEN YOU HAVE YOUR OWN MONEY PRINTING MACHINE AND YOU CAN PRINT FUNNY MONEY ANY TIME YOU WANT……THEN YOU JUST “GO GET” YOUR MONEY BY PRINTING IT OUT OF THIN AIR INSTEAD OF GOING TO WORK AND SLAVING FOR PITTANCES ALL WEEK LONG. THAT IS HOW YOU DON’T PAY FOR ANYTHING…….! SOUNDS LIKE IT WOULD BE FUN TO OWN YOUR OWN PRIVATE MONEY PRINTING PRESS LIKE THE FEDSTERS…!

    Shit, that along with drugs and arms dealing and WE THE PEOPLE COULD RE-PURCHASE EVERYTHING THEY STOLE FOR FREE….and we could have complete control of these crooks in no time……! Why that is diabolical and maniacal thinking just like they think…..! MAHAHA…!

  72. And now, for the scandal of the day. Those imbecile bankers really don’t seem to know that “when you ain’t got nothing, you ain’t got nothing to lose…” We already know that JP Morgan Chase makes billions from food stamps on which Romney’s favorite 47 million people rely to survive. Who else could they squeeze out of their last penny? Any idea? Anybody?

    Surreal…

    http://www.dailyfinance.com/2013/01/29/jobless-unemployment-benefits-bank-fees/

    Jobless Paying Millions in Bank Fees to Get Unemployment Benefits
    By The Associated Press
    Posted 10:06AM 01/29/13

    By DANIEL WAGNER

    Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money through bank-issued payment cards, according to a new report from a consumer group.

  73. Well, well, well… it really is unraveling! And i absolutely love today’s LL page. Had we done that 4 years ago, we’d be out of our funk. Then again, as long as it happens, it is all good.

    Banks are in trouble. Music to my ears…

    U.S. Regulators Warn Banks: Don’t Expect International Cooperation if You Fail
    By John Grgurich, The Motley Fool
    Posted 10:30AM 01/29/13 |

    In another example of how far we haven’t come since the financial crash, U.S. regulators are now warning banks they shouldn’t presume regulators will work across borders if a too-big-to-fail institution finds itself about to fail.

    According to Financial Times, banks were made aware of this fact in recent guidance from the Federal Reserve and Federal Deposit Insurance Corporation on how to prepare their so-called “living wills” — detailed plans on how to calmly and with minimal collateral damage wind up their operations in the event of unavoidable bankruptcy.

    Banks were reportedly told by the Fed and FDIC “not to assume that countries will work together to avoid the catastrophic failure of a financial group.”

    You Could Have at Least Phoned

    This is a problem for the banks as well as for the rest of us. When Lehman Brothers declared bankruptcy nearly four-and-a-half years ago, it came as a shock to regulators around the globe.

    Yes, regulators from the U.S. and other countries were talking about the situation, and it was no secret that Lehman was in serious trouble. But it was widely assumed that — when push came to shove — America wouldn’t allow Lehman to fail.

    The federal government had brokered a deal with JPMorgan Chase (JPM) to save the faltering Bear Stearns just six months earlier, so surely it would do something similar for Lehman, right?

    Wrong.

    When the same kind of private deal couldn’t be arranged, the federal government did not step in. Lehman was allowed to declare bankruptcy, and foreign regulators only found out from the morning news, along with the rest of the world, as global markets began to descend into chaos.

    We Thought You Guys Were Working on This

    Lehman operated domestically as well as internationally — like JPMorgan, Citigroup (C), Bank of America (BAC), and other too-big-to-fail banks still operate. As such, markets and economies everywhere were affected by Lehman’s surprise bankruptcy: all made worse by the fact that U.S regulators didn’t consult their international peers before they let it happen.

    In the time since the crash, regulators worldwide were supposed to have been working on this problem of cross-border communication, so that if there ever was another Lehman-like collapse, no country would be caught off guard again. Part of the U.S. effort was the Dodd-Frank mandated requirement that all too-big-to-fail banks draw up the aforementioned living wills.

    News that banks should now be writing them up with the assumption there would be no cross-border cooperation was, in the words of at least one bank executive who spoke to Financial Times, “shocking.”

    How do you go about writing a cross-border wind-up plan when you can’t assume that the regulators from your country will be speaking with the regulators from the countries your wind-up is most likely to affect?

    Divided We Fail

    It’s not just bankers who should be concerned about this development. Big banks still operate internationally as well as domestically. What happens in the U.S. financial system potentially affects the world, and what happens in the world financial system potentially affects us.

    If U.S. regulators now feel they can’t talk to and work with their peers worldwide in the event of another too-big-to-fail collapse, we can hardly expect any better when some European or Asian giant goes south.

    If at some point Deutsche Bank (DB) — the world’s biggest bank by assets — starts having bankruptcy talks with the German government, at what point will U.S. regulators find out? The morning of the collapse, like they did for Lehman? And what if HSBC (HBC) — the world’s second-biggest bank by assets — needs to take a dive? When will British regulators decide to let us in on it?

    We could argue that — what with us being the United States of America and all, with the mightiest economy on the planet — it’s highly unlikely that the home country of another crashing too-big-to-fail bank would keep us out of the loop.

    Of course, that’s an assumption, and as we’ve just seen, assumptions aren’t something any of us should count on.

  74. They call the “tactic” pumping and dumping…Neil. Look at New Century, just one example. Billions in bonuses, salaries and stock sales just before the filing of Chapter 11…and the judge allowed it.

    In the Chapter 11 they pay pennies on the dollar for debts and reorganize to start all over again!

    Coming soon to a state near you, sub-prime financing @ 100%…for your stolen homes!

  75. When there is no law, as a bank attorney recently told me than all bets are off. If we are fair game because they are gaming us than so are they fair game. Never give up your guns.

  76. looks like the editorial staff is editing and staffing once again.

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