This is NOT About Free Houses – Market Ticker Foreclosure Fraud Update: Weekend Condensed Edition

“This is not, at this point, about whether the homeowner is paying or not.  I am not going to sit here and try to justify the impossible-to-justify – giving people free houses.  That is something we clearly cannot do. No, I’m going to make the case here instead that this is not about “free houses” … Read more

The Market Ticker – More Thoughts On The MBS / Foreclosure Mess

More Thoughts On The MBS / Foreclosure Mess After some more thought on the Tickers I’ve written of late related to the MBS mess (including here, here, here and more), I’ve got a few thoughts on how to resolve all of this. Let’s not forget that The Housing Mess and fraudulently-issued loans were why I … Read more

Foreclosure Fraud – The Market Ticker – See, I Told You So (Deliberate Destruction Of Documents)

Gee, who woulda thunk… See, I Told You So (Deliberate Destruction Of Documents) Yves over at Naked Capitalism has dug up confirmation of what I’ve been saying now for more than two years and have had on “background” and could not “out” the sources of – the practice of not complying with both MBS securitization … Read more

Being Foreclosed With An Option ARM? Read This NOW – The Market Ticker

Well, well, well… This is interesting… From Karl at The Ticker… Being Foreclosed With An Option ARM? Read This Incidentally, I know this attorney and this was one of the points I laid out for him.  He turned it into a legal argument and, well, read this: ORDER GRANTING DEFENDANT THEODORE FOREMAN’S MOTION TO DISMISS … Read more

The Market Ticker – Consumers Learning From Banksters

The Market Ticker Posted by Karl Denninger No surprise here…. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. Yes, the tone of the article is rather negative toward these individuals. Guess what – I … Read more

Gee, It Took The Senate THREE YEARS? (WaMu)

Posted by Karl Denninger in Corruption In a pair of articles that outline exactly how outrageously corrupt our government’s so-called “regulators” really are, The WSJ points to the Senate investigation on Washington Mutual: WASHINGTON–Officials at the failed banking operations of Washington Mutual Inc. securitized substantial volumes of risky, fraudulent loans in the run-up to the … Read more

HAMP: A Colossal Failure Of Leadership

Not only is Hamp a total failure,  entering into any type of modification agreement not only puts you in a far worse place than before you entered the agreement, you also wave all of your rights and defenses that you had against the pretender lender that will foreclosure on you when you are declined… Read … Read more

Well Mr. Big Brother IRS man… take my pound of flesh and sleep well

This Is How It Begins (Wanton Violence) from The Market Ticker by Karl Denninger This is not the sort of thing you want to report on. But I need to, because what looked like an accident originally – a horrible accident, with a plane on approach that had some sort of mechanical problem – now … Read more