Monthly Archives: October, 2010

Fraud Caused the 1930s Depression and the Current Financial Crisis

Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the...

The Founding Fathers’ Vision of Prosperity Has Been Destroyed

The Founding Fathers not only fought for liberty and justice, they also fought for a sound economy and freedom from the tyranny of big...

Why Did Banks Give Home Loans to People Who They KNEW Couldn’t Pay?

William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – explained last month before to the...

How Did the Banks Get Away With Pledging Mortgages to Multiple Buyers?

I’ve repeatedly documented that mortgages were pledged multiple times to different buyers. See this, this and this.In response, some people (including one of the country’s top bankruptcy lawyers)...

Why We’re Losing the War on Terror

Everyone knows that only Muslim-lovers and left-wing peaceniks want to stop the wars in Afghanistan and other Muslim countries, that terrorism is caused by...

Mortgages Were Fraudulently Pledged to Multiple Buyers at the Same Time

Bank of America alleged in a court filing this June:It appears as though many loans and other mortgage-related assets have been double and even triple-pledged...

“At the Root of the Crisis We Find the Largest Financial Swindle in World History”, Where “Counterfeit” Mortgages Were “Laundered” by the Banks

A “false front” building from the Old West. Towns built false fronts to make the town look more substantial and prosperous than it really was.The...

Was Abacus the Business Model for the Entire Mortgage Industry?

As I’ve repeatedly pointed out, the big banks intentionally signed up as many borrowers as possible, even if there was no way they could...

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