The Daily Bail

Solyndra. Like a neverending story.

"The Obama administration stood by Solyndra through the auditor’s warning, the abandonment of a planned initial public offering and a last-ditch refinancing where taxpayers took a back seat to new investors"

"the process for this particular loan guarantee began under President George W. Bush,”.

George W. Obama= Barack Bush

http://www.bloomberg.com/news/2011-09-12/obama-team-backed-535-million-solyndra-aid-as-auditor-warned-on-finances.html

Sep 12, 2011 at 3:58 PM |

TR, I saw the exact same thing play out when Kenetec US Windpower went down. Welcome to corporatism. Many of the so called idiot progressives and leftys still do not realize that Fascists were in fact anti-capitalist.

Sep 12, 2011 at 4:11 PM |

john

Obama calls on Congress to act on jobs bill

http://news.yahoo.com/obama-calls-congress-act-jobs-bill-152431593.html

Note: Renewable energy loans and guarantees expire on Sept, 30, 2011

http://news.yahoo.com/obama-calls-congress-act-jobs-bill-152431593.html

P.S. AL Gore is up to mischief again too

http://wattsupwiththat.com/2011/09/12/al-gores-opinion-available-for-145k-a-pop-meanwhile-skeptics-are-the-ones-with-money-that-needs-investigating/

http://www.reuters.com/article/2011/09/12/us-gore-climatechange-idUSTRE78B2GT20110912

Sep 12, 2011 at 5:04 PM |

john

RE: Let's Play "Find The Fraud"! What's Wrong With This Assignment?

From one of the comments at the OP on Hamlet:

"So Janice works for Franklin American Mort Corp. in Flint, MI and Assigns the Mortgage as an Asst. Sec'y for MERS to Wells Fargo in Des Moines, IA and she had the Assignment Notarized in Dakota County, Minnesota..."

"Then, on the same day, she also works for Wells Fargo in Des Moines, IA and Assigns the Mortgage to Fannie Mae in Philadelphia, PA and has it Notarized again in Dakota County, Minnesota?"

"First, Lets just assume that it's legal to have an Assignment of Mortgage from a company in Flint, MI to be Notarized in Minnesota for a Company located in Iowa. And then let's also assume that a company in Iowa can have an Assignment of Mortgage Notarized in Minnesota for a company in PA."

"Is this sort of behavior legal? Or could it be FRAUD? Hmmmmmm, Flint, MI to Dakota, MN, a mere 581.8 miles apart. That's nearly a 12 hour drive w/o any highway mishaps, oh, and you better have the ability to walk on water, otherwise, its a 688 mile drive under Lake Michigan and over 12 hours. Typically, Banking hours are between 8am & 5pm. That's a total of 9 hours. Maybe she should have saved gas and just drove to Iowa. It's only 10 hours away."

Pretty neat trick huh? Normal people can figure this out. Why can't most judges? I've got one coming (just waiting for the lawsuit to be filed) that clearly shows a pair of banking execs insist they signed a document used in a foreclosure action - now get this - a full 23 days before they had the document in their possession. Further, the magic documents were notarized in attestation to those very signatures - 40 days before that! WTF!?!

Their is something very sinister about this amazing time travel. It is my belief that these individual mortgage obligations live in more than one savvy MBS investor's "book". Each manifestation of the obligation is insured against default for the full outcome based appraisal "value".

Each investor is made whole via insurance and thanks to AIG, who of course was caught by surprise, has no choice but to dump the whole mess on the taxpayer. Meanwhile, the "servicer" purchases (for pennies on the fiat) the right to pursue the extinguished debt and seek as many deficiency judgments as possible.

Not to mention the fact that clear chain of title on millions of homes (in default or not) are destroyed. Further, if the obligations fail to make their way to the trusts within the REMIC window, throw massive tax evasion into the mix.

Rather than throw mountains of money at TBTF banks maybe we should have "bailed out" the millions of lousy middle class peons. Enough money has vanished in this effort that something equitable could have been done for people who have paid off their mortgages as well.

Now that would have been a good stimulus.

(Hat Tip once again to Daily Bail)

Anyone interested in a good video on this - spend the time on this 12 minute video. This was all a deliberate set-up. Pay close attention around the 9 minute mark.

http://www.youtube.com/watch?v=nZ6lPaiKmwg

Sep 12, 2011 at 5:21 PM |

chunga

Enjoyed that video clip, Chunga. Thanks.

$9 million payoff on a $300k mortgage...

http://www.youtube.com/watch?v=nZ6lPaiKmwg

Sep 12, 2011 at 8:30 PM |

DailyBail

@Sep 12, 2011 at 4:11 PM | john

I'm incapable of keeping up. The Kenetec US Windpower blew by me & I didn't feel a breeze. DUH!

Sep 12, 2011 at 9:10 PM |

Massive bank lawsuits
Maybe the ELITES will destroy each other.

http://www.bloomberg.com/news/2011-09-09/banks-may-fight-banks-as-mortgage-securities-investors-try-for-class-suits.html?source=patrick.net

Sep 12, 2011 at 9:45 PM |

@ Sep 12, 2011 at 9:10 PM | TR

"I'm incapable of keeping up. The Kenetec US Windpower blew by me & I didn't feel a breeze. DUH!"

Looks like I am wasting everyone's time here..... no need for further commentary as this is an economics blog dealing with bank fraud etc. and not an energy blog. My apologies.

Sep 13, 2011 at 9:12 AM |

john

John, wait......stay......."The Daily Bail" covers just about everything. When i have something like this, I just start "Off Topic", and post it. Sometimes it gets a lot of play, sometimes not.

Just give it a few days, and just becouse nobody coments dosent mean many people havent read it. DB is just about the "Kool'est" web site on the net. Dont worry about cus words when it gets the best of ya too........

DB covers a lot of shit, the rest of us cover the rest................ Tex !

Sep 13, 2011 at 9:39 PM |

Texas Dar

Hi Tex, I found ya! Just wanted to make sure you see this. I just came across it.

When ticks transmit dangerous pathogens - Local antibiotic therapy stops Lyme disease

http://www.en.uni-muenchen.de/news/newsarchiv/2011/2011_straubinger.html

Sep 15, 2011 at 12:17 PM |

chunga

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