Bushvilles, Hoovervilles and Lost Causes
Love thy neighbor. That clip is from January 2009 History seems to be repeating itself. More below the fold . . . . .
View ArticleBerkshire - "100 %" Ban on Credit Default Swaps-Eliminate Them All
From Bloomberg -Berkshire Hathaway Inc. Vice Chairman Charles Munger said he supports an outright ban of credit- default swaps to prevent speculators from profiting on the failure of companies....I...
View ArticleBanksters Fail: 1 in 4 Mortgage Payments INCREASED; Cramdown Time
From the AP (emphasis added)Though lenders are boosting their attempts to curb home foreclosures, fewer than half of loan modifications actually reduced borrowers' payments by more than 10 percent,......
View ArticleBanksters Committed Credit Default Insurance Fraud
I believe every stage of our financial crisis was managed in a way so as to cash in on Credit Default Insurance. Basically, it came down to Credit Default Insurance fraud. Credit Default...
View ArticleMoody's and Goldman Sachs - Engineering Fraud and Failure
Moody's didn't just give toxic assets a passing grade, they helped to structure the CDO's so that they would have the appearance of viability, knowing full well they were garbage.That's right Moody's...
View ArticleWingnut, Call me a traitor again and I'll kick your ass!
(Half snark/Half serious) My father was a Vietnam vet and a Navy Helmsman. His father was a decorated WWII vet and a Navy man as well. I have family going back to the Civil War, where...
View ArticleMoody's & Co. Get Kickbacks to Sack Muni Bonds(Updated)
Bonds are sold by entities to raise money.Two major types of bonds are: corporate bonds and muni bonds.Corporate bonds are sold by businesses. Municipal(muni) bonds are sold by states, towns, school...
View ArticleKill Naked Credit Default Swaps - Stop The Corporate holocaust
Invalidate them all and refund them for the pennies on the dollar that they're worth and still makes them whole. Holders of naked default swaps should consider themselves lucky considering their...
View ArticleBubonic Banksters; James Dimon and Lloyd Blankfein; Ben Bernanke
I - WHERE'S OUR FUCKING MONEY, BEN?Mr. Bernanke - quit telling us you can't tell us where trillions in Fed Fubds have gone, because you're afraid of a run on the banks. If there was going to be a run,...
View ArticleDouble Standard for Blankfein/Dimon
DOUBLE STANDARD The federal bank "stress tests" rate the individual loans held by big regional banks as riskier than the complex troubled assets held by the industry titans, according to a Federal...
View ArticleHey Ben and Timmy - Where's Our F**kin' Money? ; The Dimon/Blankfein Heist
If it's not too much trouble to find out, how much and how you've paid off the Pandemic Banks.I know with the hundreds of billions, and trillions of dollars you two are passing along to the Banksters...
View ArticleHey Timmy - "Show Me The F##king Bond, Bankster"
Say it with me Timmy - "Show me the bond!" Now, when one of those gentle people from those fine banks comes to your window asking for money to pay off a credit default swap, you'll know what to...
View ArticleGolem Sachs - Insurance Fraud
Investors love a sure bet. Who doesn't? Insurance fraud is another story.This story.I've always found it a curious coincidence that credit default swaps expire in 3-5 years and liar loans were created...
View ArticleGoldman Pays $60M for Deceptive Practices
The settlement is worth $60 million, the Associated Press reported, without citing a source for the figure. Goldman Sachs will provide $50 million to homeowners and pay $10 million to the state, the AP...
View ArticleJP/Goldman's Boss U.S. Gov't AIG Trustees
From BloombergOf so here's the lowdown -The 3 trustees assigned to safeguard our $182.5 billion investment in AIG were picked out and are supervised,and can be removed by the New York Fed. The NY Fed...
View ArticleLloyd Blankfein - Goldman Sachs - Fraudsters
Investors love a sure bet. Who doesn't? Default Insurance fraud is another story.This story.I've always found it a curious coincidence that credit default swaps expire in 3-5 years and liar loans were...
View ArticleMBIA Splits - Banksters In Fits, Hedge's Bleed AIG's Teats
From Bloomberg -Here's the deal - MBIA is a bond insurer. MBIA has been a counterparty to billions of dollars in insurance for crap bonds(CDO's and MBS)that Banksters like BofA, Goldman's and JP Morgan...
View ArticleBorat Makes Sexy Time W/ Morgan Stanley
A Credit Default Swap is protection (similar to insurance) one buys to protect against a bond losing value. A Naked Default Swap is when parties buy the same policy against someone else's bond to cash...
View ArticleBorat Fights, Barack Slinks; MBIA Says "No", Geithner Winks
KazkhstanKazakhstan bailed out a couple of its banks and became a limited liability shareholder. Because the banks got crunched recently, the creditors are demanding accelerated payments. (Imagine your...
View ArticleAIG/US Treasury - Banksters' BFFs
What I'd like people to know about AIG - Let's start with best practices - What were other firms doing right that AIG and the Bush/Obama Administrations have done worng?AIG -AIG did such a booming...
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