The Subprime Debacle, Part 2
New Testimony Reveals Citigroup Knew Exactly What Crap It Was Selling
By John Mauldin
At the end of last week’s letter on the whole mortgage foreclosure mess, I wrote:
“All those subprime and Alt-…
New Testimony Reveals Citigroup Knew Exactly What Crap It Was Selling
By John Mauldin
At the end of last week’s letter on the whole mortgage foreclosure mess, I wrote:
“All those subprime and Alt-…
By Vincent Fernando
Continue reading the article . . .
Continue reading the article . . .
Former hedge fund manager Shah Gilani notes:
In creating MERS, these institutions actually changed the land-title system that this country – for much of its history – has relied upon to determine l…
Some foreigners with full bellies and nothing better to do engage in finger-pointing at us….First, China does not export revolution; second it does not export famine and poverty; and third, it doe…
By Gretchen Morgenson
Lawyers representing delinquent homeowners have been shouting for years about documentation problems in residential mortgages. Now that their complaints have gained traction wit…
By Michael B. Marois
California, which has the largest U.S. public-pension fund, faces liabilities that may exceed its annual state-tax revenue fivefold within two years unless lawmakers rein in bene…
By Andrew Walker
Finance ministers from the G20 leading economies have agreed reforms of the International Monetary Fund, giving major developing nations more of a say.
At a meeting in South Korea…
Trailer.
Movie Website . . .
Related reading:
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Wikipedia
Note From Catherine:
I saw Charles Ferguson’s Inside Job this weekend. It is quite good. There are some great interview…
I just finished watching Edward Griffin, Mike Murphy and Paul Wittenberger’s new documentary “What in the World Are They Spraying?” It is terrific.
Full Video
?Official Trailer?
Buy the DVD:
The C…
By Josh Gerstein & Abby Phillip
To many in the foreign policy community, Tom Donilon’s selection Friday [CAF Note: October 8] as national security adviser to President Barack Obama was a dese…
By Josh Gerstein & Abby Phillip
To many in the foreign policy community, Tom Donilon’s selection Friday [CAF Note: October 8] as national security adviser to President Barack Obama was a dese…
By Gautam Naik
There is a lot more water on the moon than previously believed, according to an analysis of NASA data being published Friday, a finding that may bolster the case for a manned base on…
Multnomah County Oregon
By Stephen C. Webster
It’s crunch-time for many municipalities across the United States, but for one county in Oregon, that means a little more than in most.
The district a…
Catherine Austin Fitts talks about it in 2004. …
Continue Financial Fraud in The Mortgage Market 1
Related Reading:
Financial Fraud in The Mortgage Market 2
Full Recording:
America’s Black Budg…
Shrinking Bank Revenue Signals Worst Decade of Growth
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General Mills Hikes Prices On Cereals, Baking Brands
OneQ (28 Oct 10)
Five US Dealers Account For 37% Of OTC…
Shrinking Bank Revenue Signals Worst Decade of Growth
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General Mills Hikes Prices On Cereals, Baking Brands
OneQ (28 Oct 10)
Five US Dealers Account For 37% Of OTC …
Sprott Physical Silver Trust Lists in New York and Toronto
GATA (29 Oct 10)
NY Fed Overstated Gold Depositors And Their Holdings, FT Discovers
GATA (28 Oct 10)
YouTube
GATA Chairman’s Address at S…
Investors Holding Voting Rights In More than 2,600 MBS Deals Prepare To Fight Back Against Servicers
Zero Hedge (27 Oct 10)
Fraudclosure Update: The Crowd Is Getting Restless
Zero Hedge (26 Oct 10)
…
Investors Holding Voting Rights In More than 2,600 MBS Deals Prepare To Fight Back Against Servicers
Zero Hedge (27 Oct 10)
Fraudclosure Update: The Crowd Is Getting Restless
Zero Hedge (26 Oct 10)
…
Key Tax Breaks at Risk as Panel Looks at Cuts
The Wall Street Journal (25 Oct 10)
Treasury Shields Citigroup as Deletions Undercut Disclosure
Bloomberg (25 Oct 10)
The Great Bailout Backlash
The New…
The Benefits of Left-Side Sleeping
The New York Times (25 Oct 10)
The Claim: Lying on Your Left Side Eases Heartburn
The New York Times (25 Oct 10
“Cereal Killer”: Be On the Lookout For Gluten…
The Benefits of Left-Side Sleeping
The New York Times (25 Oct 10)
The Claim: Lying on Your Left Side Eases Heartburn
The New York Times (25 Oct 10
“Cereal Killer”: Be On the Lookout For Gluten
…
Top 100 Items to Disappear First During a National Emergency
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ProSystem fx® Portal
CCH (Oct 2010)
YouTube
Air Cars – Here, There. Everywhere
BrassCheck TV (Oct 2010))
Alex Jones Exposes Google’s Plan to Dominate the Internet
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Lies, Dam…
ProSystem fx® Portal
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Air Cars – Here, There. Everywhere
BrassCheck TV (Oct 2010))
Alex Jones Exposes Google’s Plan to Dominate the Internet
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Lies, Damn…
One of the Massachusetts Congressional races is using a new, more unorthodox approach to video ads!
YouTube
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Wikipedia
Sean Bielat
Wikipedia
Continue reading the article . . .
View this week’s chart comparisons of gold against fiat currencies, oil and the Dow. Stay tuned for our next Money & Markets segment of The Solari Report tonight, Thursday, October 21, 2010.
Cl…
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The Solari Report – 21 Oct 10
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On this week’s Solari Report I will be speaking with nutrition and neurofe…
Continue reading the article . . .
By Karl Denninger
I don’t know.
Multiple people have told me this before.
Catherine Austin Fitts has talked about this for a long time. I get “whispers” all the time from people who I know actu…
Yesterday, I showed that mortgages were fraudulently pledged to multiple buyers at the same time.
Today, foreclosure expert Neil Garfield (former investment banker, trial lawyer and board member of…
Yesterday, I showed that mortgages were fraudulently pledged to multiple buyers at the same time.
Today, foreclosure expert Neil Garfield (former investment banker, trial lawyer and board member of…
Follow a diverse group of makers and entrepreneurs as they document the achievements of current makers and the revolution they have inspired.
YouTube
(19 Oct 10)
Continue reading the article . . .
April Charney, a senior staff attorney for Legal Aid in Jacksonville, Florida…
Continue reading the article . . .
The poet and the professor… Rabindranath Tagore and Albert Einstein, August 1941.
“Evidently, the only way to find the path is to set fire to my own life.”
~ Rabindranath Tagore
Related reading:…
By Catherine Austin Fitts
Several people have asked me what methods I use for detoxification. Here are the actions that I use that work for me.
Testing (Since 2006):
I get a 24 hour heavy metals …
By Catherine Austin Fitts
Several people have asked me what methods I use for detoxification. Here are the actions that I use that work for me.
Testing (Since 2006):
I get a 24 hour heavy metals ur…
YouTube
MSNBC (18 Oct 10)
By Joe Weisenthal
CNBC confirms that the New York Fed is part of a consortium that have launched a lawsuit against BofA regarding Countrywide mortgages.
Shares are now off 3%.
Bank of America is ge…
Obama’s Sub-Prime Conflict
By Dennis Bernstein
I remember my first piggy bank: a little pink piggy, made of plastic, with a little slot at the top. The slot was big enough, perhaps, to fit a half …
Zerohedge – Tyler Durden (18 Oct 10)
The latest currency war escalation does not come from any of the usual suspects (the Fed-PBoC-BOJ-ECB-SNB hate pentagongram) but from non-axis player Brazil. An…
By Michael Roberts
My name is Michael Roberts, and I am a pilot for ExpressJet Airlines, Inc., based in Houston (that is, I still am for the time being). This morning as I attempted to pass through…
Continue reading the article . . .
By Liz Rappaport, Aaron Lucchetti and Stephen Grocer
Continue reading the article . . .
[Note from CAF: Keeping individual compensation at high levels is one of the benefits of Wall Street protect…
Benoit Mandelbrot
20 November 1924
14 October 2010
Born in Poland, he moved to France with his family when he was a child. Mandelbrot spent much of his life living and working in the United Sta…
“From now on, depressions will be scientifically created.”
~ Congressman Charles A. Lindbergh Sr., 1913, commenting on the creation of the Federal Reserve Bank
Related reading:
Charles August…
By Rob Stein
Federal health officials on Thursday announced a crackdown on a controversial therapy widely hawked on the Internet and elsewhere as an alternative treatment for conditions such as aut…
A report by Jeremy Scahill in The Nation (Blackwater’s Black Ops, 9/15/2010) revealed that the largest mercenary army in the world, Blackwater (now called Xe Services) clandestine intelligence servi…
Web space contributed by:
Solari, Inc., Catherine Austin Fitts, President, P.O. Box 157, Hickory Valley, TN 38042.
Paid for by Committee to Elect Carolyn Betts as Columbia Township Fiscal Officer,…
AIG Raises $17.9 Billion And Prices AIA IPO at Top
Reuters (22 Oct 10)
Unethical Investing By Charities
Alrroya (21 Oct 10)
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
Bloomberg (21…
AIG Raises $17.9 Billion And Prices AIA IPO at Top
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Unethical Investing By Charities
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Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
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By Marcus Wohlsen
Attorney General Eric Holder is warning that the federal government will not look the other way, as it has with medical marijuana, if voters next month make California the first s…
Gold May Hit $1,850 By Dec 2011
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Now -That – Was a Gold Bubble
timiacono.com (20 Oct 10)
Chinese Silver Exports Expected to Plunge, Diverted by Investment Demand
GAT…
The Rent Too Damn High in Dubai? Not So Much
Time (22 Oct 10)
New York Judge Orders Foreclosure Lawyers Held Accountable For Accuracy Of Paperwork
The Huffington Post (20 Oct 10)
YouTube
Foreclosu…
The Rent Too Damn High in Dubai? Not So Much
Time (22 Oct 10)
New York Judge Orders Foreclosure Lawyers Held Accountable For Accuracy Of Paperwork
The Huffington Post (20 Oct 10)
YouTube
Foreclosu…
Sarkozy Sets The Heavy Squad on The Riots as Demonstrations Over French Pension Reforms Continue For Ninth Day
Mail Online (22 Oct 10)
Foreclosure Freeze Could Put Security Clearances at Risk
The Was…
Experts Admit Swine Flu Jab ‘May Cause’ Deadly Nerve Disease
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Foodstamp Usage Climbs To New All Time Record Highs
Zero Hedge (6 Oct 10)
Experts Admit Swine Flu Jab ‘May Cause’ Deadly Nerve Disease
Mail Online (16 Oct 10)
Foodstamp Usage Climbs To New All Time Record Highs
Zero Hedge (6 Oct 10)
By David Liechty
Question from a Solari Report Subscriber:
Is there gold in Ft Knox? – Who does it belong to? – Are the bars real or phony?
According to the U.S. Mint website, the U.S. Bullion D…
How to Opt Out of The TSA’s Naked Body Scanners at The Airport
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Unemployed Entrepreneurs: In The Absence of Jobs, Some People Create Their Own
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What To Do If We Find Extraterrestrial Life
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Father and Son Launch iPhone Into Space
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Fac…
What To Do If We Find Extraterrestrial Life
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Google to Bring Dead Sea Scrolls Online
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Father and Son Launch iPhone Into Space
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Fac…
By Mark Gongloff
The mortgage-foreclosure crisis spilled into the financial markets on Thursday, driving down bank stocks and weighing on mortgage bonds as investors took a grim view of the potential…
“Humans adapt remarkably well to disaster as long as the disaster occurs over a long period of time.”
~Dan Olmsted and Mark Blaxill, “The Age of Autism”
YouTube
Battlestar Galactica
Wikipedia
By Catherine Austin Fitts
When I was assistant secretary of HUD during Bush I and the lead financial advisor to the Federal Housing Administration under President Clinton, I watched from the position…
Catherine’s letter to the NY Times about the perverse incentive systems and “tapeworm” economics of prison stocks before she knew that Dillon had banked and cashed out of Cornell:
Letters to the Edit…
Catherine’s letter to the NY Times about the perverse incentive systems and “tapeworm” economics of prison stocks before she knew that Dillon had banked and cashed out of Cornell:
Letters to the Edit…
By Yves Smith
I get on an airplane, and there are more dramatic developments by the time I land.
Even though the headline item is the fact that the attorneys general in all 50 states are joining t…
View this week’s chart comparisons of gold against fiat currencies, oil and the Dow. Stay tuned for our next Money & Markets segment of The Solari Report tonight, Thursday, October 14, 2010.
Cl…
View this week’s chart comparisons of gold against fiat currencies, oil and the Dow. Stay tuned for our next Money & Markets segment of The Solari Report tonight, Thursday, October 14, 2010.
Cl…
The Sixth U.S. Circuit Court of Appeals struck down an Ohio state ban last week that prohibited dairy not treated with bovine growth hormone from being labeled “rbGH free,” “rbST free” or …
Listen to the MP3 audio file
The Solari Report – 14 Oct 10
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By Catherine Austin Fitts
I’m in Silicon Valley for the month of October. So I …
YouTube
The International
Interpol Agent Louis Salinger (Clive Owen) and Manhattan Assistant District Attorney Eleanor Whitman (Naomi Watts) pool their resources in an attempt to break up an intern…
YouTube
(22 Nov 09)
By Sam Smith
If you were to sign a false legal document, the courts and police would not call it “flawed paperwork.” But that’s the term the Associated Press is using about the foreclosure situatio…
This is a series giving a basic explanation of the current foreclosure fraud crisis: This is Part One.
The current wave of foreclosure fraud and the consequences for the economy are difficult to fo…
“It is no secret to most of you that our most significant results over many years have been the result of concentration in certain assets that, from time to time, go unloved.
As an example, oil at $…
2010 G-20 Summit – Seoul, South Korea
Agenda:
Ensuring global economic recovery
Framework for strong, sustainable, and balanced global growth
Strengthening the international financial regulator…
One of the many benefits of a career in New York was having season box tickets to the Metropolitan Opera. I used to see the opera and then walk home past Tower Records where I would load up on opera…
Lars Schall has just translated my article “The American Tapeworm” into German.
Here it is!
Freitag, 8. Oktober 2010 22:23
von Catherine Austin Fitts , Übersetzung von Lars Schall
Kehren wir ei…
–Yes, in those wanderings deeply did I feel
How we mislead each other; above all,
How books mislead us, seeking their reward
From judgments of the wealthy Few, who see
By artificial lights; how the…
The Cornucopia Institute’s report, Scrambled Eggs: Separating Factory Farm Egg Production from Authentic Organic Agriculture, will empower consumers and wholesale buyers who want to invest their f…
By Suzanne Presto
The International Monetary Fund concluded two days of talks in Washington Saturday without reaching a solution to address rising tensions about currency exchange rates. Meanwhil…
The Navy is set to be reduced to the smallest size in its history after admirals yesterday offered drastic reductions in the fleet in order to save two new aircraft carriers from defence cuts.
By T…
Agricultural Raw Materials 24%
Industrial Inputs Index 25%
Metals Price Index 26%
Barley 32%
Oranges 35%
Beef 23%
Pork 68%
Salmon 30%
Sugar 24%
Wool 20%
Cotton 40%
Palm Oil 26%
Hides 25%
Rubber 62%
Ir…
By Rob Kirby
First reported by Dawn Kopecki back in 2006 when she reported in BusinessWeek Online in a piece titled, Intelligence Czar Can Waive SEC Rules , “President George W. Bush has bestowed o…
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?Vanishing of The Bees?
vanishingbees.com
By Ezra Klein
Janet Tavakoli is the founder and president of Tavakoli Structured Finance Inc. She sounded some of the earliest warnings on the structured finance market, leading the University of C…
By Peggy Noonan
Washington is turning America into Paperwork Nation.
If you write a column, you get a lot of email. Sometimes, especially in a political season, it’s possible to discern from it ce…
By David Rosen and Bruce Kushnick
Since 1991, the telecom companies have pocketed an estimated $320 billion — that’s about $3,000 per household.
This is a conservative estimate of the wide-scale…
OPEC Members Seek $100 Oil to Counter Dollar Weakness
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Recession Will Never End If This Tunnel Isn’t Built: Joe Mysak
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Cotton Surges Exchange Limit to Reco…
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Cotton Surges Exchange Limit to Recor…
Somebody Jumps Through Hoops to Get Real Gold Out of an ETF
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Gold Surges To Fresh Record Spot Of $1,367.65 On Report Chi…
The Real Danger From the Foreclosure Crisis
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The Huffington Post (14 Oct 10)
Fore…