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Wednesday
Jan122011

Liable For Fraud: In Florida & New York, Bank Lawyers Now Responsible For Accuracy Of Foreclosure Documents

Judge Arthur Schack, left, of New York State Supreme Court, and Jonathan Lippman, the state's chief judge have both come down hard on bank lawyers in disputed foreclosures.

I wonder if they've seen this operation...

Full story inside.

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Tuesday
Jan112011

VIDEO: 120 Seconds Of Gerald Celente Kicking Wall Street's Ass - "$144B Bonus Is 49th Largest GDP In World!"

Video:  Celente is on fire...

I don't usually post GC, so you know this clip is really good.  By far the best part is the utter annihilation of private equity billionaire Stephen Schwarzman.

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Tuesday
Jan112011

U.K. Banks given go ahead to pay unlimited bonuses

Britain's banks have been given the go-ahead to pay unlimited bonuses, drawing to a close a two-year political battle to rein in the City.  After months in which a series of government ministers of all parties have threatened a toughening in the stance over City bonuses, Downing Street said the government did not intend to intervene in the pay of the UK's top bankers.

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Tuesday
Jan112011

FISCAL MAYHEM: Illinois Has Days to Plug $13 Billion Deficit That Took Years to Produce

Detailed story inside.

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Tuesday
Jan112011

MUST SEE: Ron Paul On The Washington Spending Machine: "I Will Vote Against Raising the Debt Ceiling"

Excellent clip.

Video - Jan. 8, 2011 - Ron Paul discusses how raising the national debt limit is inevitable due to the culture of spending in Washington...

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Tuesday
Jan112011

Dylan Ratigan: Capitalism is broken

What we have in this country is subsidized corporate communism...

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Tuesday
Jan112011

Schwarzenegger Video: Don't Be Economic Girlie Men!

Video - Arnold Schwarzenegger tries to get fired up about the economy at the Republican National Convention in 2004....

Gone from office but not forgotten...

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Tuesday
Jan112011

Willem Buiter Warns Sovereign Default Fears Will Spread To U.S. & Japan: "There Is No Place For Anyone To Hide"

Buiter is chief economist for Citigroup and a former UK Central Banker, who is keen on picking fights with Bernanke and the U.S. Federal Reserve, including a brilliant attack at Jackson Hole in 2008 which is detailed inside.

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Tuesday
Jan112011

Video: Saying Goodbye To The 'Governator'

Monday
Jan102011

UH OH!: Bank Of America Could Be Forced To Pay $20 Billion To Bond Insurers For Mortgage Loan Put-Backs

Monday
Jan102011

The Title Insurance Nightmare Scenario - NYT

Monday
Jan102011

FDIC Considers New Mortgage Disclosure Rule Aimed At Banks Owning Servicers And Home Equity Loans

Very cool video inside on unconventional housing.

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Monday
Jan102011

Geithner Urged by Senators to Tackle Foreclosure Process 'Forcefully' - Letter

Story from Bloomberg, plus 2 awesome clips, of Liz Warren kicking Geithner's ass all the way back to Dartmouth.

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Monday
Jan102011

VIDEO: "We Can Either Have a Rational Resolution to the Foreclosure Crisis or We Can Preserve the Capital Structure of the Banks; We Can't Do Both"

Runs just 30 seconds.  Don't skip this one.

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