[gollum]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('gollum', '')$this->bbcode_second_pass_quote('Plantagenet', '
')
America is rebelling against the democrats because they support big government and big government deficits and that is bad for the US economy.

[PrestonSturges]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('gollum', '
')Sadly Americans will be voting to cut their own throats this November.

[PrestonSturges]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('gollum', '
')Sadly Americans will be voting to cut their own throats this November.

[Plantagenet]

$this->bbcode_second_pass_quote('green_achers', '
')
"America" isn't rebelling at all. The lunatic fringe of the right wing in this country would like to rebel.....

[vtsnowedin]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('green_achers', '
')
"America" isn't rebelling at all. The lunatic fringe of the right wing in this country would like to rebel.....

[rangerone314]

The Republicans and the Democrats are really no more different that Oceania, Eurasia or Eastasia in 1984. In fact it was not entirely clear in 1984 if they were truly separate countries or a single country staging a fake war.

The Dems and Repubs are both screwing the Middle Class and are functioning like a tag team destroying this country from both sides.

If there is a revolution, it needs to target the top 1% and the bottom 9%. As in make it legal for them not to exist on this physical plane any more.

[Ludi]

$this->bbcode_second_pass_quote('rangerone314', 't')he bottom 9%. As in make it legal for them not to exist on this physical plane any more.

[Cloud9]

efarmer, thank you for your kind praise. Golum, thank you as well and Pop thank you for a civil conversation.

It looks to me as though we are going to see wealth redistribution by the courts. The big banks outsmarted themselves. MERS broke the chain of ownership in real estate property transfers. Number One Son has sent me a whole raft of Law Review Articles to read on the subject. I still have about a thousand pages left to read, but the bottom line is this. In a huge percentage of the defaults, the banks have no legal right to foreclose. The banks have sold huge empty boxes of securities to pension funds and other investors. It is one thing to go to your client and say the investment you bought from me has declined in value. It is a whole different thing when the investment was never sold and the investor was defrauded out of his investment. In the first case the investor is simply out. He lost. In the second case, the investor has legal recourse to reverse the purchase of the investment.

Can you imagine what is going to happen to the big boyz when they are forced to buy back a trillion dollars worth of devalued real estate? Trust me on this, the housing market has not reached bottom yet and the claw back of assets has not even begun.

Wonder if Jamie Diamond still thinks he is doing God’s work.

[gollum]

Hey quick question for anyone knowledgeable, what effect will this have on getting clear title to my house after it is paid off (we bought in 2002 before this mess really got going), what questions should I be asking my lender?

[Pops]

I read somewhere title companies are refusing to issue policies on some deeds, securitized mortgages and paper of some lenders. OTOH if you have a policy I'm thinking you are covered as long as the company stays solvent.

But...
I plan to pull out my policy and check the fine print, anyway.

[Newfie]

$this->bbcode_second_pass_quote('Cloud9', 'C')an you imagine what is going to happen to the big boyz when they are forced to buy back a trillion dollars worth of devalued real estate? Trust me on this, the housing market has not reached bottom yet and the claw back of assets has not even begun.

[PrestonSturges]

It's always a mind blowing moment when some scam is shown to be a ponzi scheme and there really is nothing in the till.

However, in this case there are still the assets (homes) with the origional owners, which does not do the banks much good at this point. Sure they "own" them in a legal sense, like if someone owns 51% of the shares in a company, they effectively own the company. But homeowners have more rights than minority share holders. People feel they have private property rights far greater than the banks, and if they didn't, they would never buy real estate.

[efarmer]

Without criminal charges going out we have a financial and government system that has lost it's ability to govern or operate, because the discipline to maintain the shared belief that makes the money system in the nation function has been violated without consequence.

I understand Bush and Obama having to preserve the system, I also understand the politicians taking midterm money from these same players to jockey for power. But I submit without any tangible criminal justice, they are rendered inert in their ability to govern the nation.

They broke our money belief universe and have shown that it is meaningless and it is a fatal blow that will kill slowly and surely if not restored soon.

They have to have some major perp walks or they are a toothless and dying tiger.

[Plantagenet]

$this->bbcode_second_pass_quote('efarmer', 'T')hey have to have some major perp walks or they are a toothless and dying tiger.

[efarmer]

Plantagenet, you have made your point well and often on Obama and I know for certain that you have a lot going on upstairs and insights and viewpoints well beyond and of great value. Do I always have to watch a political advertisement before I get some real Plantagenet?

My point is that whomever intends to rule is going to have to restore confidence in the very top of the financial institutions or I submit they will sit at a desk like a sack of potatoes and slowly rot away.

[gollum]

$this->bbcode_second_pass_quote('efarmer', 'P')lantagenet, you have made your point well and often on Obama and I know for certain that you have a lot going on upstairs and insights and viewpoints well beyond and of great value. Do I always have to watch a political advertisement before I get some real Plantagenet?

My point is that whomever intends to rule is going to have to restore confidence in the very top of the financial institutions or I submit they will sit at a desk like a sack of potatoes and slowly rot away.

[Ludi]

$this->bbcode_second_pass_quote('gollum', ' ')a new publicly owned banking system started with all the money that went to TARP.

[Plantagenet]

$this->bbcode_second_pass_quote('efarmer', 'D')o I always have to watch a political advertisement before I get some real Plantagenet?

My point is that whomever intends to rule is going to have to restore confidence in the very top of the financial institutions or I submit they will sit at a desk like a sack of potatoes and slowly rot away.

[Ludi]

$this->bbcode_second_pass_quote('efarmer', '
')My point is that whomever intends to rule is going to have to restore confidence in the very top of the financial institutions or I submit they will sit at a desk like a sack of potatoes and slowly rot away.