What We Did Was Criminal – Confessions Of A Former Loan Officer

Bring Criminal Charges Against Chief Executives of Leading Originators And Securitizers of Stated-Income Mortgages by Michael David White   You can steal and burn money many different ways. Leaders of financial firms use a conservative bias with money they lend to protect society’s most precious asset: Savings accumulated through blood, sweat, tears — sacrifice. Unless you live … Read more

Consumer Anger Rising Fast: Chargebacks

From The Market Ticker (Karl Denninger) Anecdotal report thus far…. On the forum there is a report of a number of merchants dropping credit card processing entirely due to rampant (and bogus) chargebacks. Does anyone remember my Tickers on “Is The Government a Felon or a Cop” posts? Go read ’em again. One of the more … Read more