Month: May 2014

Thousands of Aggressive Homeowners Secretly Settle Fraudclosures With Gag Clauses

Livinglies's Weblog

It was only a matter of time before it became common knowledge. My guess is that tens of thousands of homeowners have successfully litigated their foreclosure cases only to come to a fork in the road where they must make a decision: (1) finish the case at trial or (2) accept an incredibly “generous” offer from the pretender lender. My choice is option #1. But Homeowners understandably most often choose option #2.

By way of example, and not to disclose any of the details in the hundreds of cases I know have been settled to the satisfaction of the homeowner, pick a number. Let’s say you have a mortgage and note that you are successfully litigating — i.e., showing that the origination was false, that the payee and mortgagee were falsified, and that the assignment was fabricated based upon a fictitious sale of the loan because no money ever exchanged…

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Stock market: rigged.  Money: out of thin air.  Wall Street bonuses: more than all federal minimum wage employees combined.  The pattern recognition skills of the public have GOT to be kicking in by now, yes?


From Zero Hedge (discussing high-frequency trading with “Flash Boys” author Michael Lewis):

Lewis explains the game, exposes the rigging, and slams the mainstream media’s “defense” of this…

LEWIS:  So of course the tourists get fleeced all the time in the poker games, because they don’t know the deck is rigged.  The poker players pay the casino a cut of what they make.  The casinos, operators, pay the tour group – the tour group company money to bring in the tourists.

So in this case, casino’s the exchange, the poker players are the high-frequency traders, and the tour group operators are the banks and the brokers that handle the stock…

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