Archive for October 6th, 2010
Geithner: Douche Extraordinaire
This tops his TurboTax excuse…..
Treasury Secretary Timothy “Fuck-You” Geithner said a damaging dynamic of large economies keeping their currencies undervalued can cause quicker inflation and asset bubbles, and restrict growth.
More and more countries face stronger pressure to lean against the market forces pushing up the value of their currencies, Geithner said in remarks prepared for a speech at the Brookings Institution in Washington today. The collective impact of this behavior risks either causing inflation and asset bubbles in emerging economies, or else depressing consumption growth and intensifying short-term distortions in favor of exports.
Oh, and you were holding a mirror in front of your face while pontificating on this?
What the hell do you call this Timmy?
That’s a 13% intentional devaluation of the dollar, with half of it in the last month.
So let me see if I get this.
We bitch about China intentionally maintaining a peg to our currency which we devalue on purpose, and by doing so, they devalue theirs as well.
But who’s doing the devaluing Timmy, and why aren’t you taking your potshots at Ben “I’m gonna make gas $5/gallon” Bernanke?
I mean, look – Japan is clearly tampering with their exchange rates, and so are other nations. But then again, so are we, and we’re doing it just as intentionally and with malice aforethought as everyone else. Indeed, we even have folks in The Fed who admit they’re tampering with the dollar’s value as an express tool to support asset valuations – that is, doing exactly what you claim other nations are doing (creating asset bubbles)!
What’s worse is that we started it – in 2007 and even before, going back to 2002.
So cut the shit you lying piece of crap. You seem to think that you can bitch and whine about other people following your lead, when you’re the one setting the standard.
If you want other nations to take you seriously then you have to do what you say is right.
Otherwise, you’re just a

and what’s worse, Bernanke and Paulson tried the same crap in 2007/08, and it didn’t work to “support asset prices” then either. Instead it added to an already unstable situation and was one of the proximate causes of the stock market collapse.
The difference is that when (not if) the same thing happens this time the policy measures available to try to arrest that have already been spent.
This Speaks For Itself: REMICs That Aren't
Link and summary only; follow it for the rest:
…. continue to produce Assignments in thousands of cases that certify that trusts acquired mortgages months AFTER foreclosure actions were filed by the trusts and years after the closing date of the trusts.
That’s the problem in a nutshell folks.
REMICS CANNOT TAKE IN ASSETS AFTER THEIR CLOSING DATES – THEY ARE, BY BLACK-LETTER IRS REGULATION, A STATIC POOL OF ASSETS.
If the REMICs are “acquiring” the mortgages in order to foreclose after their closing dates, this strongly implies that they never had anything in the box in the first instance, which means the investors bought an empty box.
If this is correct then the buyers were scammed.
Since April of 2007 I’ve been banging this drum and urging actions that would either prove up or falsify this theory, as it was the only theory that happened to fit with what we knew at the time were facts.
We cannot fix the problems in our economy until the bad debt that is out there and hidden through all of these BS games is flushed out into the open and someone eats it.
The “someone” who should and indeed must be forced to eat it are those who did not comply with the Pooling and Servicing Agreements along with IRS regulations.
Out of Control!!! LISTEN TO THIS TERRIFYING 911 CALL of Thugs Hired by JPMorgan Chase Breaking Down a Door

This comes in from Matthew Weidner…
God help us all…
LISTEN TO THIS TERRIFYING 911 CALL – BANK BREAKING DOWN A DOOR!
The banks and institutions that now run this country are running absolutely wild and out of control.
They do not fear judges or law enforcement.
They do not fear any law.
They do not need permission to kick down your front door, steal what they want and throw everything else into the streets.
As one of the owners of a company who specializes in “securing” or “winterizing” properties was recently quoted in the Palm Beach Post said, “Lawsuits don’t phase us anymore.”
I WANT ALL OF AMERICA TO WATCH THE ATTACHED NEWS STORY AND LISTEN TO ALL TEN MINUTES OF THE ATTACHED 911 PHONE CALL.
HEAR THE TERROR IN THIS WOMAN’S VOICE.
THIS WOMAN WAS NOT IN FORECLOSURE.
THIS WOMAN’S HOME WAS IN PERFECT, PRISTINE CONDITION.
SHE WAS RELAXING COMFORTABLY ON HER COUCH WHEN A BURGLAR CAME KICKING DOWN HER DOOR.
IT WAS A BURGLAR HIRED BY THE BANK BREAKING DOWN HER DOOR.
WATCH THE VIDEO BELOW

http://www.wftv.com/video/25278100/index.html?taf=orlc

LINK – LISTEN TO THE FULL 911 PHONE CALL HERE
This is what this country has become people and no one seems to care about it anymore. I truly fear that all hope is lost. These lenders have absolutely no right to do what they are doing yet neither law enforcement nor judges care to do anything about this terrifying phenomena.
Please find and share with me stories such as this. The only hope we have of turning this around is getting the word out there and hoping that our press picks up on these stories.
Please forward this to Realtors, attorneys and activists. No bank has any right to come onto any person’s property and they certainly do not have any right to kick down a person’s door unless and until they have an Order from a judge.
For more about Matt you can check out his blog here…
For more on this phenomenon we call “Trashed Out” see the links below…
What stops them from YOU being their next “mistake“
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I’m in agreement with Tickerguy’s recommendation here: buy guns.
When seconds count 911 will get you help in minutes, but Mr. Smith & Wesson, if you have previously arranged to engage his services, is available to provide immediate assistance.
When we have people entering homes without the legal right to do so through the use of force and violence we have entered Zombieland, whether we wish to admit it or not, and as such we as citizens have no realistic choice but to act accordingly.
Ps: State law varies widely. Some states do not recognize your right to be secure in your home. If yours in one of them, you’re living in a place where Bank Thugs can unlawfully steal your house. Welcome to Amerika Comrade.
Action Alert – Please tell President Obama NOT to sign the Interstate Recognition of Notarizations Act
Now they are trying to change the rules!
LINK – Action Alert – Please tell President Obama NOT to sign the Interstate Recognition of Notarizations Act

On Monday, September 27, 2010, U.S. Senator Bob Casey (D-PA), on the Senate floor, asked that the Judiciary Committee be discharged from further consideration of a bill that would hurt consumers. H.R. 3808 requires federal and state courts to recognize notarized documents from other states, including ones that contain electronic notarizations that are not subject to the same consumer safeguards of documents notarized in person. Some financial institutions are using electronic notarizations to process home foreclosure documents.
Sen. Casey asked that the Senate move forward with immediate consideration of the bill with unanimous consent that the bill pass with no other action or debate. The Senate passed the bill without amendment by unanimous consent. It now sits on the President’s desk. I’m asking you to email or call the President at 202-456-1111 to ask him not to sign the bill.
H.R. 3808 is known as the “Interstate Recognition of Notarizations Act.” It passed the House under a suspension of the rules in April 2010. It requires federal and state courts to recognize any notarization that is lawful in the state where the notary is licensed. Now, in one day, it passed in the Senate.
When I learned of it last Thursday, it sounded innocuous to me, but then I started looking at the timing of the bill. GMAC, owned by Ally, had just suspended its foreclosure actions in 23 states, including Ohio. I had already referred Chase Home Finance, LLC, on August 23, 2010, to the U.S. Department of Justice, asking it to review and investigate Chase’s document notarization practices in home foreclosures (18,000 documents per month were being notarized by 8 people, along with other irregularities). I license notaries in the State of Ohio. Even though I don’t have the power under state law to investigate or prosecute, I couldn’t stand idly by without acting. That’s why I’m asking you to email or call the President at 202-456-1111 to ask him not to sign the bill.
Last Wednesday, the day before I announced the DOJ referral, JPMorgan Chase announced it was having third party counsel review its document procedures for foreclosures. Just two days before, the U.S. Senate had rushed through H.R. 3808. Something didn’t seem right. Since then others agree with me.
Notarizing a document requires the signer to make a fundamental statement, an acknowledgment, before a notary public. It is used for documents of great sensitivity or value, like when the title of a car is transferred on its sale or when a bank tells a court how much is owed on a note for a mortgage when it wants to foreclose.
Some states have adopted “electronic notarization” laws that ignore the requirement of a signer’s personal appearance before a notary. A notary’s signature is that of a trusted, impartial third party, whose notarization bolsters the integrity of the document. Many of these policies for electronic notarization are driven by technology rather than by principle, and they are dangerous to consumers.
President Obama was presented with HR. 3808 on Thursday, September 30, 2010. As of today, he has not signed the bill. Please join me in urging him not to sign the bill by sending an email or calling the White House at 202-456-1111.
Mortgages are now being used as backing for securities traded all over the world by financial institutions. When a mortgage goes into default, a “chain of title” (list of its owners) must be created. It’s being discovered that many financial institutions have taken shortcuts in creating lawful chains of title that allow them to foreclose and take homes when they would not otherwise have the right under the law.
Banks demand we follow every letter of their contracts We must demand they follow the law. It’s that simple. Please join me in urging President Obama not to sign the bill by sending an email or calling 202-456-1111.
Thanks for working together,
Jennifer Brunner
Ohio Secretary of State
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