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(Courtesy of Greg Hunter of www.USAWatchdog.com)
Dear CIGAs,
It has been called foreclosure gate, robo signing, foreclosure fraud or just sloppy paperwork; but no matter what you call it, it’s signaling a new financial meltdown for the U.S. economy. The securitized mortgage debt created in the real estate bubble is being called the “largest
Continue reading Fear, Desperation and Doom Describe the Housing Market
(Courtesy of Greg Hunter of www.USAWatchdog.com)
Dear CIGAs,
This weekend, Bank of America became the latest lender to delay all foreclosures in 23 states because of possible problems with the necessary documents needed to repossess a home. GMAC Mortgage and JP Morgan Chase have had similar problems recently with documents that prove the bank
Continue reading Could Foreclosure Fraud Cause Another Banking Meltdown?
(Courtesy of Greg Hunter of www.USAWatchdog.com)
Dear CIGAs,
I was pulling up to a store yesterday in my car, listening to CNBC on XM Radio, when an interview with banking analyst Meredith Whitney came on. I shut the car off and listened because, over the years, I have learned when Whitney talks, everybody should
Continue reading When Meredith Speaks, You Should Listen
September 15, 2010, at 10:12 pm by Greg Hunter in the category Greg Hunter | Print This Post | Email This Post
(Courtesy of Greg Hunter of www.USAWatchdog.com)
Dear CIGAs,
The economic “recovery” talk picked up some speed yesterday as retail sales for August were announced. The government said sales were up a whopping .4%. It seemed everybody on financial TV was talking like the worst is now behind us, and there was no chance
Continue reading Tap Dancing on A Land Mine
Dear CIGAs,
A little more than two years ago, economist John Williams of shadowstats.com predicted a “severe recession” was coming and soon. At the time, I was working as an investigative correspondent for CNN. I interviewed Williams for a story about the coming financial crisis. Most so-called experts, at the time, did not see
Continue reading When Will Financial Armageddon Begin?
July 28, 2010, at 2:27 pm by Greg Hunter in the category Greg Hunter | Print This Post | Email This Post
Jim Sinclair’s Commentary
Greg Hunter is so right about the result of MOPEd details of the present time major banking crisis.
If FASB did not capitulate there would be few solvent US banks. This includes major money center banks. This means that the earning statement and balance sheets of the financial community are as
Continue reading Banking Disaster Largely Ignored By Mainstream Media
Dear CIGAs,
The decade of the 1990’s is America’s modern day equivalent of the Roaring 20’s. Back then, we were making great strides in productivity. We had near full employment, the government had a surplus of cash and the stock market was making many people rich. The future looked so bright in
Continue reading Irrational Exuberance to Unusually Uncertain
Dear CIGAs,
Both the House of Representatives and the Senate have passed their versions of financial reform legislation. Now, the process of reconciliation takes place between both bodies of Congress to iron out a final bill the President can sign into law. There is plenty in the bill such as new consumer protection,
Continue reading Too Big to Fail Means Too Big to Exist
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