13 November 2010

i mean, you probably think this is a circuit board diagram

[click image]


Nope. It's the New York Fed's diagram of the shadow banking system. We can see it because it confuses the fuck out of us. That's its purpose.


How can you nail them if you are convinced you haven't the first part of a clue what they've actually done? You KNOW it's illegal, but you'll be damned if you can say how. EVEN with Max Keiser and David DeGraw bellowing it at the top of their lungs, something in you can't keep a bead on fraud being FRAUD. Not when it's the venerable financial whizzes doing it, nossirreebob. You can revile them and respect the hell out of them simultaneously because every movie you ever saw and every tv show you ever saw and every newspaper with a finance or business section it you ever saw has imprinted on your cells that these guys are the top rung, the winners who make you look like liverwurst if somehow yer ever even stuck in an elevator together.

You've been trained like a dancing bear since you could hear the tube from inside your mother's womb. And so was your mother and your grandmother and everyone you ever even heard of in this entire society, from even back before the Civil War. It's part of yer damn American accent. It's yer tooth enamel.


love, 99


  1. Here's a little something for this

  2. Hold onto your hats, the shit ain't hit the fan yet!

    The suits allege that by privatizing public records, MERS enabled banks to circumvent American property law and bypass the counties' fee and paperwork requirements, costing billions of dollars in lost revenue over more than a decade. MERS says its process is legal, and that the fees are not required under its system.


    Assuming each mortgage it tracks had been resold, and re-recorded, just once, MERS would have saved the industry $2.4 billion in recording costs, R.K. Arnold, the firm's chief executive officer, testified in 2009. It's not unusual for a mortgage to be resold a dozen times or more.

    The California suit alone could cost MERS $60 billion to $120 billion in damages and penalties from unpaid recording fees.

    The liabilities are astronomical because, according to laws in California and many other states, penalties between $5,000 and $10,000 can be imposed each time a recording fee went unpaid. Because the suits are filed as false claims, the law stipulates that the penalties can then be tripled.

  3. That video is in there, jo6. All underlined text is a link.

  4. BB2, the banks will IGNORE the Counties just like they ignore us. Fascism is outright no goddam fun at all.


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