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Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

September 3rd, 2011 | Filed under Economy, Feature, Hot List, News . Follow comments through RSS 2.0 feed. Click here to comment, or trackback.

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By David DeGraw

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Turn On Each OtherFinally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup:

As I reported last week:

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

Time to put your Big Bank shorts on! Get ready for a run… The chickens are coming home to roost… The Global Banking Cartel’s crimes are being exposed left & right… Prepare for Shock & Awe…

Well, well… here’s your Shock & Awe:

First up, this shockingly huge $196 billion lawsuit just filed against 17 major banks on behalf of Fannie Mae and Freddie Mac. Bank of America is severely exposed in this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion. JP Morgan is next in the line of fire with $33 billion. And many death spiraling European banks are facing billions in losses as well.

FHA Files a $196 Billion Lawsuit Against 17 Banks

The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.

Complaints have been filed against the following lead defendants, in alphabetical order:

1. Ally Financial Inc. f/k/a GMAC, LLC – $6 billion
2. Bank of America Corporation – $6 billion
3. Barclays Bank PLC – $4.9 billion
4. Citigroup, Inc. – $3.5 billion
5. Countrywide Financial Corporation -$26.6 billion
6. Credit Suisse Holdings (USA), Inc. – $14.1 billion
7. Deutsche Bank AG – $14.2 billion
8. First Horizon National Corporation – $883 million
9. General Electric Company – $549 million
10. Goldman Sachs & Co. – $11.1 billion
11. HSBC North America Holdings, Inc. – $6.2 billion
12. JPMorgan Chase & Co. – $33 billion
13. Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion
14. Morgan Stanley – $10.6 billion
15. Nomura Holding America Inc. – $2 billion
16. The Royal Bank of Scotland Group PLC – $30.4 billion
17. Société Générale – $1.3 billion

These complaints were filed in federal or state court in New York or the federal court in Connecticut. The complaints seek damages and civil penalties under the Securities Act of 1933, similar in content to the complaint FHFA filed against UBS Americas, Inc. on July 27, 2011. In addition, each complaint seeks compensatory damages for negligent misrepresentation. Certain complaints also allege state securities law violations or common law fraud. [read full FHFA release]

You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

And the suits just keep coming…

BofA sued over $1.75 billion Countrywide mortgage pool

Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how they were made. The lawsuit by the banking unit of US Bancorp (USB.N) is the latest of a number of suits seeking to recover investor losses tied to risky mortgage loans issued by Countrywide Financial Corp, which Bank of America bought in 2008. In a complaint filed in a New York state court in Manhattan, U.S. Bank said Countrywide, which issued the 4,484 loans in the HarborView Mortgage Loan Trust 2005-10, materially breached its obligations by systemically misrepresenting the quality of its underwriting and loan documentation. [read more]

Bank of America kept AIG legal threat under wraps

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of America shares fell more than 20 percent on August 8, the day the lawsuit was filed, adding to worries about the stability of the largest U.S. bank…. The bank made no mention of the lawsuit threat in a quarterly regulatory filing with the U.S. Securities and Exchange Commission just four days earlier. Nor did management discuss it on conference calls about quarterly results and other pending legal claims. [read more]

Nevada Lawsuit Shows Bank of America’s Criminal Incompetence

As we’ve stated before, litigation by attorney general is significant not merely due to the damages and remedies sought, but because it paves the way for private lawsuits. And make no mistake about it, this filing is a doozy. It shows the Federal/state attorney general mortgage settlement effort to be a complete travesty. The claim describes, in considerable detail, how various Bank of America units engaged in misconduct in virtually every aspect of its residential mortgage business. [read more]

Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril

The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes a possible nationwide settlement with the five largest U.S. banks over their foreclosure practices, especially given concerns voiced by other attorneys general, New York’s foremost among them…. In a statement, Bank of America spokeswoman Jumana Bauwens said reaching a settlement would bring a better outcome for homeowners than litigation. "We believe that the best way to get the housing market going again in every state is a global settlement that addresses these issues fairly, comprehensively and with finality. [read more]

FDIC Objects to Bank of America’s $8.5 Billion Mortgage-Bond Accord

The Federal Deposit Insurance Corp. is objecting to Bank of America Corp. (BAC)’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement. The FDIC owns securities covered by the settlement and said it doesn’t have enough information to evaluate the accord, according to a filing today in federal court in Manhattan. Bank of America has agreed to pay $8.5 billion to resolve claims from investors in Countrywide Financial mortgage bonds. The settlement was negotiated with a group of institutional investors and would apply to investors outside that group. [read more]

Fed asks Bank of America to list contingency plan: report

The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation. BofA executives recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit, the people told the paper. Bank of America and the Fed declined to comment to the Journal. Both could not immediately be reached for comment by Reuters outside regular U.S. business hours. [
read more]

Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit

Wow, Jones Day just created a huge mess for its client and banks generally if anyone is alert enough to act on it. The lawsuit in question is American Home Mortgage Servicing Inc. v Lender Processing Services. It hasn’t gotten all that much attention (unless you are on the LPS deathwatch beat) because to most, it looks like yet another beauty contest between Cinderella’s two ugly sisters. AHMSI is a servicer (the successor to Option One, and it may also still have some Ameriquest servicing).

AHMSI is mad at LPS because LPS was supposed to prepare certain types of documentation AHMSI used in foreclosures. AHMSI authorized the use of certain designated staffers signing with the authority of AHSI (what we call robosinging, since the people signing these documents didn’t have personal knowledge, which is required if any of the documents were affidavits). But it did not authorize the use of surrogate signers, which were (I kid you not) people hired to forge the signatures of robosigners. The lawsuit rather matter of factly makes a stunning admission… [read more]

Fraudclosure: MERS Case Filed With Supreme Court

Before readers get worried by virtue of the headline that the Supreme Court will use its magic legal wand to make the dubious MERS mortgage registry system viable, consider the following:

1. The Supreme Court hears only a very small portion of the cases filed with it, and is less likely to take one with these demographics (filed by a private party, and an appeal out of a state court system, as opposed to Federal court). This case, Gomes v. Countywide, was decided against the plaintiff in lower and appellate court and the California state supreme court declined to hear it

2. If MERS or the various servicers who have had foreclosures overturned based on challenges to MERS thought they’d get a sympathetic hearing at the Supreme Court, they probably would have filed some time ago. MERS have apparently been settling cases rather than pursue ones where it though the judge would issue an unfavorable precedent

3. The case in question, from what the experts I consulted with and I can tell, is not the sort the Supreme Court would intervene in based on the issue raised, which is due process (14th Amendment). But none of us have seen the underlying lower and appellate court cases, and the summaries we’ve seen are unusually unclear as to what the legal argument is. [read more]

Iowa Says State AG Accord Won’t Release Banks From Liability

The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said. [read more]

Fed Launches New Formal Enforcement Action Against Goldman Sachs To Review Foreclosure Practices

The Federal Reserve Board has just launched a formal enforcement action against Goldman Sachs related to Litton Loan Services. Litton Loan is the nightmare-ridden mortgage servicing unit, a subsidiary of Goldman, that Goldman has been trying to sell for months. They penned a deal to recently, but the Fed stepped in and required Goldman to end robo-signing taking place at the unit before the sale could be completed. Sounds like this enforcement action is an extension of that requirement. [read more]

Goldman Sachs, Firms Agree With Regulator To End ‘Robo-Signing’ Foreclosure Practices

Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said. In an agreement with New York’s financial-services superintendent, Goldman, its Litton Loan Servicing unit and Ocwen Financial Corp also agreed to scrutinize loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners, the Journal said. [read more]

Banks still robo-signing, filing doubtful foreclosure documents

Reuters has found that some of the biggest U.S. banks and other "loan servicers" continue to file questionable foreclosure documents with courts and county clerks. They are using tactics that late last year triggered an outcry, multiple investigations and temporary moratoriums on foreclosures. In recent months, servicers have filed thousands of documents that appear to have been fabricated or improperly altered, or have sworn to false facts. Reuters also identified at least six "robo-signers," individuals who in recent months have each signed thousands of mortgage assignments — legal documents which pinpoint ownership of a property. These same individuals have been identified — in depositions, court testimony or court rulings — as previously having signed vast numbers of foreclosure documents that they never read or checked. [read more]

JPMorgan fined for contravening Iran, Cuba sanctions

JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan, and the former Liberian government, the US Treasury Department announced Thursday. The Treasury said that the bank had engaged in a number of "egregious" financial transfers, loans and other facilities involving those countries but, in announcing a settlement with the bank, said they were "apparent" violations of various sanctions regulations. [read more]

This Is Considered Punishment? The Federal Reserve Wells Fargo Farce

What made the news surprising, of course, was that the Federal Reserve has rarely, if ever, taken action against a bank for making predatory loans. Alan Greenspan, the former Fed chairman, didn’t believe in regulation and turned a blind eye to subprime abuses. His successor, Ben Bernanke, is not the ideologue that Greenspan is, but, as an institution, the Fed prefers to coddle banks rather than punish them.

That the Fed would crack down on Wells Fargo would seem to suggest a long-overdue awakening. Yet, for anyone still hoping for justice in the wake of the financial crisis, the news was hardly encouraging. First, the Fed did not force Wells Fargo to admit guilt — and even let the company issue a press release blaming its wrongdoing on a “relatively small group.”

The $85 million fine was a joke; in just the last quarter, Wells Fargo’s revenues exceeded $20 billion. And compensating borrowers isn’t going to hurt much either. By my calculation, it won’t top $20 million. [read more]

Exclusive: Regulators seek high-frequency trading secrets

U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes. The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA’s market regulation unit. [read more]

And here’s part of the Collapse Roundup I wrote on August 25th, referenced in the beginning of this report – as you will see, I would probably make a lot more money as an investment adviser:

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceTime to put your Big Bank shorts on! Get ready for a run

The chickens are coming home to roost. Reality is catching up with the market riggers (Fed, ECB, PPT, CIA) and the “too big to fail” banks are getting whacked. Trillions of dollars in bailouts and legalized (FASB) accounting fraud cannot save these insolvent zombie banks any longer. The Grim Reaper is on the horizon and his sickle will do what paid off politicians won’t, cut ‘em down to size. So get your silver stake ready, time to plunge it into their vampire squid hearts….

What about Warren Buffet? He saved Goldman Sachs with a bailout in 2008. Can he save Bank of America?…

Warren’s bailout will help BofA over the short run, but $5 billion is just a drop in the bucket when it comes to their problems. The only thing his $5 billion will accomplish is a temporary run up in stock value so everyone who has been killed on the plummeting stock price can then jump out without complete loss….

Trouble a-comin’…

Goldman Sachs TANKS After CEO Lloyd Blankfein Hires Famous Defense Lawyer

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceIs the Goldman Sachs CEO facing a new lawsuit?

The market seems to think so. Goldman Sachs just tanked in minutes before the close after news that Lloyd Blankfein hired a lawyer famous for defending vilified execs. It’s back up a bit since dropping over 5%, but the news is still concerning.

It’s unclear whether the lawyer is for him, Goldman Sachs, or both, but Goldman Sachs’s CEO Lloyd Blankfein hired Reid Weingarten, a high profile defense attorney who says “I’m used to these monstrously difficult cases where everybody hates my clients,” according to Reuters.

Reuters says the hire might have something to do with accusations of Blankfein’s committing perjury. Or something else:

One former federal prosecutor, who was not authorized to speak publicly, said Blankfein may have hired outside counsel after receiving a request from investigators for documents or other information. [read full report]

Speaking of hiring lawyers…

The Global Banking Cartel’s Crimes Are Being Exposed Left & Right…

Blowing Up In Their Face… Prepare for Shock & Awe…

BOOM! Moody’s exposed:

MOODY’S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts

A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core.

The analyst, William J. Harrington, worked for Moody’s for 11 years, from 1999 until his resignation last year.

From 2006 to 2010, Harrington was a Senior Vice President in the derivative products group, which was responsible for producing many of the disastrous ratings Moody’s issued during the housing bubble.

Harrington has made his story public in the form of a 78-page “comment” to the SEC’s proposed rules about rating agency reform….

Here are some key points:

* Moody’s ratings often do not reflect its analysts’ private conclusions. Instead, rating committees privately conclude that certain securities deserve certain ratings–but then vote with management to give the securities the higher ratings that issuer clients want.

* Moody’s management and “compliance” officers do everything possible to make issuer clients happy–and they view analysts who do not do the same as “troublesome.” Management employs a variety of tactics to transform these troublesome analysts into “pliant corporate citizens” who have Moody’s best interests at heart.

* Moody’s product managers participate in–and vote on–ratings decisions. These product managers are the same people who are directly responsible for keeping clients happy and growing Moody’s business.

* At least one senior executive lied under oath at the hearings into rating agency conduct. Another executive, who Harrington says exemplified management’s emphasis on giving issuers what they wanted, skipped the hearings altogether. [read full report]

BOOM! The SEC Caught Covering Up Wall Street Crimes:

Matt Taibbi Exposes How SEC Shredded Thousands of Investigations

An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. We speak with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in his latest article….

KA-BOOM! The Fed And All Their Crony-Capitalist Cartel Members Exposed, Yet Again:

Wall Street Pentagon Papers Part III – Are The Federal Reserve’s Crimes Still Too Big To Comprehend?

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceAnother day, another trillion plus in secret Federal Reserve “bailouts” revealed. Bloomberg News exposes this latest Fed “deal” after winning a long Freedom of Information Act (FOIA) legal battle to get the details on what was done with the American people’s money. Their report runs with an AmpedStatus style headline: “Wall Street Aristocracy Got $1.2 Trillion From Fed.”

The aristocracy is alive and well… thanks to the Fed, of course.

Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now.

Those of us paying attention over the past three years have had Fed crony-capitalism on steroids fatigue for awhile now. Nonetheless, this is deja vu all over again as another mindbogglingly huge story that must be covered comes to light.

Here are the details of this latest revelation:

[read full report]

Speaking of the $16 trillion GAO audit…

BOOM! GAO audit exposed, missing some vital details:

More on how the GAO’s Fed audit failed to disclose some dirty secrets about BlackRock and JP Morgan

In its review of the Fed’s outsourcing practices, it failed to mention the most damaging and suspicious sole-source (no bid) contract awarded to BlackRock, which was for handling the New York Fed’s toxic Bear Stearns portfolio, otherwise known as Maiden Lane. This contract would generate $108,000,000 in fees and was one of the largest awarded during the bailout period, but it might also have saved JP Morgan $1.1 billion in losses from its Bear Stearns acquisition….

Also, BlackRock was also one of the managers of the NY Fed’s separate $1.25 trillion MBS purchase program as part of QE1. Contrary to the lie on the NY Fed’s webpage (that the MBS auctions were conducted via competitive bidding), the NY Fed’s own purchasing manager, Brian Sack, admitted in a paper that, “the MBS purchases were arranged with primary dealer counterparties directly, [and] there was no auction mechanism to provide a measure of market supply.”

Putting it all together, it looks like Jamie Dimon signed off on hiring BlackRock for no justifiable reason to trade the very Maiden Lane portfolio that could have caused his bank, JP Morgan, to lose up to $1.1 billion. And, it was entirely possible that BlackRock saved the portfolio by trading the MBS portion of ML with the New York Fed directly as QE1 was underway. [read full report]

BOOM! Bear Stearns exposed:

Report Says Bear Stearns Executives Sold Illegal RMBS and Covered It Up

Former back office employees from Bear Stearns are coming out of the woodwork to explain how Tom Marano’s mortgage group cheated their own clients out of billions. This week I reported at The Distressed Debt Report, EMC insiders say they were told to make up the classification for whole loans, packaged into mortgage securities, to get them switched out of the trust. By classifying the loans as ‘prepaid’ or having ‘subsequent recoveries’ Bear employees were able to fool the trustee into giving them back loans they were not able to legally service. A move New York Attorney General Eric Schneiderman is actively investigating now.

In my latest DealFlow story we hear from EMC staffers who describe how subprime loans, that would have been sold by Bear Stearns trader Jeff Verschleiser’s team, never had a proper servicing license in West Virginia when they were packaged into the residential mortgage backed security. In 2003 Bear/EMC put $100 million of subprime loans from West Virginia into a few RMBS transactions. EMC, the banks wholly owned mortgage servicing shop, would service all of Bear’s RMBS after they were sold.

A year latter, when senior executies realized the mishap instead of Bear going out and informing their regulator and applying for a license, they orchestrated a cover up and even threaten EMC employees not to talk about it. [read full report]

The big banks are getting lit up!

You shall reap what you sow.

Karma is a … bit@h. [read full report]

Let’s end with this video. We need to keep in mind that the Federal Reserve has known about all of this criminal activity from the start. Yet, they have done everything they could, and are still trying, to keep this criminal operation up and running. As all these criminal banks begin to blow up, let’s not forget who their central bank is and what they have done to the American people.

Cenk, take it away and drive the point home:


- David DeGraw is the founder and editor of AmpedStatus.com. His long-awaited book, The Road Through 2012: Revolution or World War III, will finally be released on September 28th. He can be emailed at David[@]AmpedStatus.com. You can follow David’s reporting daily on his new personal website: DavidDeGraw.org


~ We are fighting to remain 100% independent, completely free from partisan influence. If you respect our work, please donate to support our efforts here.

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    Previous Comments:

  1. Un-fucking-believable…

  2. It’s about time someone did something to the financial institutions. They’ve been sitting back laughing at the idiots that gave them all that money- free-!!! no stipulations on paying back what they got!!! The government should be suing them too!!!

  3. Rudy A said:

    Think about this:

    The bonuses these bankers paid themselves for a job well done in decimating the middle class and bringing the economy to its knees, ……….. would cover the combined deficits of all 50 states in the union.

    All the pain of the cuts being inflicted on those with the least could be avoided. Is there no limit to the greed of these miscreants?

  4. Christophe said:

    It’s good news to see them cannibalizing each other, but I highly doubt any of the lawsuits will result in hard time – it’s just going to be more slaps on the wrist, and above all I bet it’s there to keep us busy and hopeful while they prepare their next false flag operation…

    For a list of things YOU can do (don’t ever count on the politicians or their political appointees):
    http://betterinfos.com/WhatToDo.html

    Together we stand, divided we fall. It’s time we took our country back from the criminal elite.

  5. Martha Rush Davis said:

    Have not had an account with a bank for 10 years! I deal only with credit unions. Would rather put what little money in a jar and bury it in the back yard than put it near another bank.

    And just think, Republicans wanted to convert our Social Security system to personal investment accounts on WALL STREET !!??!! Don’t trust politicians with America’s money any more than I would trust BofA! They’re all a bunch of greedy-gut goniffs.

  6. PAUL LEO FASO said:

    Here is the tip of the day..unless the following solution is employed you guys will be singing the same song till the end of time and posting more useless copy. Time to act is now..

    http://www.zerohedge.com/print/365866

  7. Marco Cruz said:

    The amounts all look very small-

    Steal trillions and pay back billions –

    admit no guilt and can not be charged again –

    I have seen this movie several times –

    The thieves are still in charge of the investigations.

  8. It’s about time all this greed was placed in front of a mirror and forced to face the fact that they are all very ugly and deserve the judgement that is coming to them…I hope they pay dearly for what they have allowed to happen to innocent people who were sucked into thier web of ugly deciet! Rot and wallow in your ugly reflections is all I have to say…they deserve to face it head on! xxx Banksy

  9. fmuhlbauer said:

    lets put turbo Tim and Helicopter Ben in with the sodomite friends of Madoff NOW

  10. Well, what goes around, does eventually come back around to bite you on the ass. They were way to cocky for their own good now they are here to pay the price.

  11. Owl said:

    Both Democrats and Republicans played a big role in deregulating Banking, but I would challenge anyone to produce ONE Republican sponsored bill to REGULATE banks. The few and far between advocates for sensible economic policy concerning banking and loans have INVARIABLY been Democrats. Republicans apparently have a “kow-tow to bankers” gene.

  12. [...] September 3rd, 2011 | Filed under Economy, Feature, Hot List, News . Follow comments through RSS 2.0 feed. Click here to comment, [...]

  13. [...] Consciousness jump…march 11th Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  14. Daniel said:

    I’m disappointed. Somehow I was hoping for brokers in mad max outfits blowing each other up.

  15. John said:

    The world financial system will collapse very soon – a new system will come in. The dark cabal elite rothchilds and corrupt bankers will be rounded up –you see–I give it 6 months max before this happens, if you think this is rubbish , start to view the true media that tells the truth not mainstream, who lie lie lie..

  16. Abaddon said:

    Greed is the ultimate malignancy that is destroying a world. The only way the consumer society can survive, is, it has to consume. The fat cats are the greatest consumers of all and they are moneterially obese, and they are now well established financial gluttons with an addiction that is consuming all before them. Their consumption is so great that many have to go without, a world is on their gluttonous menu. Not only are they about to die from their insatiable bloated avarice, they are about to take the world with them.
    Nothing divides people like money. Wall street has sold duff derivatives all around the world + phoney hedge funds. The Fed has sold treasury bonds that are worth as much as used toilet paper, then there is that fiat currency called the dollar that is becoming worthless by the day, and anyone who is holding on to that almighty useless currency is in deep trouble. China has 3 TRILLION. Now stand back and watch as they stab each other in the back as nations realise they have been duped by the USA.
    Hundreds of millions literally living in famine zones, around three BILLION struggle just to eat every day. Hundreds of millions more unemployed in the more “prosperous” countries, a global financial crisis, scores of wars, be they civil or otherwise. More than three quarters of those nations who are members of the UN are suffering great internal instability, with terrorism threatening a world, with global pollution threatening the planets eco systems. Radiation spreading across the globe like an invisible malignancy, with many other diseases now of a pandemic nature. Global mafias controlling a TRILLION dollar world wide empire of drug dependency and all the criminal activity and human misery that goes with it, plus prostitution, people trafficking, money laundering, etc. Then we have those bunch of incompetent crooks called politicians with their bankster buddies creating havoc across the world in their greed for more money and the power that goes with it.This is only fraction of the totality of the problems that is this world. The title of this article is belated in the extreme, WE ARE ALREADY IN THE APOCALYPSE, like cancer, the host does not realise what they have until it is to late, likewise this world is infected beyond recovery. It is riddled with APOCALYTIS. Need I say more.

  17. brian said:

    The Nazi’s fought the international bankers, those SAME bankers, but the stupidiest generation were SUCKERED into destroying Nazi Germany and hence, the West. Their children are only just beginnig to pay the price for the circular firing squad White Europeans carried out against one another on the fields of Europe. World Jewry was the only victor of WWII

  18. Doug said:

    If I can only live to see Lloyd Blankfein’s wife waitng in the foodstamp line, I can die a happy man.

  19. carol brown said:

    All I have to say is this to those heartless greedy banksters is this–HA HA HA HA!!

  20. Michael Oberndorf, RPA said:

    Time to dust off the pitchforks and light the torches. The Dummocrats got it wrong. We don’t want to lynch blacks. We want to lynch bankers!

  21. Jaime Yarbrough said:

    What I wouldn’t do to have GAS to throw on this inferno ! ! The ONLY part I feel bad about is the millions around the world, from the innocent bank teller’s to the parking garage attendants, to the people who lost their pensions, to all the people that played by the rules that have been and will continue to be screwed by the mindless greedy fucks who’s may or may not go directly to prison. The lives turned upside down by all of this must not go, I REPEAT, MUST NOT go forward without serious lessons being learned.

  22. Bramesh said:

    It’s worst than 2008 It will lead to DOOM Europe will fall apart US is Doomed.EM’s fighting inflation

    its a Global Meltdown coming guys just be cautious

  23. sutte99 said:

    FRACTIONAL RESERVE BANKING

    Bank gets 1 billion of free money from the fed.

    Bank buys 9 billion of government debt. How? FRACTIONAL RESERVE BANKING.

    Bank earns 18% return on original 1 billion of free money.

  24. sutte99 said:

    The rich should burn for what they did to the poor of America.

  25. QuietBear said:

    The last time something like this was announced, the next day the three buildings in nyc fell down…

    I think anyone living in one of the major cities in this country should take a month off somewhere that there are no big cities…

    A couple of nukes will push this wayyy back in the sheeple’s minds…

    I will believe this is for real when I see every single one of these rat bastards hanging from a light pole… And not a moment before that time…

  26. Wayne said:

    A very big part of all this was the AIG insurance fraud. Derivatives(at least many of them) were just insurance policies taken out on loans that anyone could obtain. It was not necessary to make the loan yourself in order to buy the derivative policy. So all of them, Bush, FED, Treasury, Goldman ,etc, etc let anyone get a loan, knowing the borrower would default and then they could collect the full amount of the loan balance on a loan that they did not make themselves.

    I was all an insurance loan fraud racket.

    I demand some money out of all this – why not I am a tax paying American and I want so god damned money ! And I want convictions and death sentences handed out.

  27. Abaddon said:

    The feeding frenzy is coming to its conclusion as there is not much meat left on the global beast. They have decimated the western economic dynamo of wealth generation, and have turned to the more bone than meat of the muslim countries, whose only worth is hostile oil bought with blood and enormous expenditure of energy to feed this global financial monster. Their addiction is such they have sacrificed the best to feed on the worst as their addiction is typical of the addict in his decline into the lowest form of human existence as he destroys all about him. There are no winners here, we are all losers, even those who have the most are living off all others. those “others” who are the very foundation of this global system are being sacrificed for the addictive greed of those in control who are removing the very foundation upon that which made them what they are. Its all going to collapse, and no one, I repeat no one can stop it.

  28. elmer fudd said:

    sooo- what happens if the downtrodden masses simply refuse to pay? i mean, ya cannot get blood from a turnip- i suppose they have hired thugs in the wings just waiting for the signal– a fellow on the internet says, cannot recall his name — when even honest people lose everything, they are gonna lose it. This is the most heavly armed nation on earth- i am glad that i live in a small western town that every one has overlooked –

  29. John Hendricks said:

    As incredible as it may be, this is just the tip of the iceberg. Free Fed money is how the US corporate oligopoly controls the world.

  30. Lucy said:

    A man breaks into a convenience store and steals $25 worth of food. He gets arrested and goes to jail. These folks have stolen the entire system, worth trillions, yet there hasn’t been a single arrest. The whole lot of them need to go to jail and have the keys destroyed. But this won’t happen because they have so many friends in Congress. Just look at how many top administrators in the current administration are or were employees of Goldman Sachs. The former administration set the stage for this. There is practically no difference between the two parties anymore. It’s all a charade to make us think we have some say in how our country is run. Anyone who thinks voting for anyone currently in Congress will make a difference, think again. We need people from outside the system. The entire system as it is is just a huge conflict of interest. Fat cats in Congress would never vote to end the gravy train they’ve set up for themselves. Time to check out the third party candidates. Don’t like any of them? Run yourself. People gave their lives to give us democracy and now no one wants to sacrifice a single thing as long as the status quo is benefiting them personally. We’re close to doomed now. Anything we do now may be too little too late.

  31. John Hendricks said:

    Someone said you don’t get to see who is swimming naked until the tide goes out Well, folks, the tide is out! Enjoy the show!

  32. John Hendricks said:

    RON PAUL, RON PAUL, RON PAUL…

  33. Spartacus said:

    When these criminals actually get locked up then I’ll believe it.
    Until then, it’s just words to pacify the public.
    They’re just stringing you along people. Most of these reporters have sold you out
    Follow the money!

  34. Spartacus said:

    Lucy’s comment is absolutely correct.
    You need to read that post over and over until it sinks in.
    The criminlas who have stolen power have changed the laws to protect them.
    You’re whole system is being turned upside down. You CAN’T use it against the criminals anymore. In their world, you are the criminal. Now what part of this don’t you understand.
    YOU ARE IN DENIAL.

  35. Need Fed Crony Capitalism exposed and fought by someone like Sarah Palin to prevent O’bama from sweeping all of this under the carpet so he can give his friends more money.

  36. Spartacus said:

    Nobody’s going to save you.
    That’s the problem. You keep looking for some one else to save you.
    It’s not going to happen.
    YOU are the answer in this. The Constitution was written exacly for this. YOU are the only ones who can change this. The longer you look for some one outside yourselves the worse it will become. It’s YOU. It always has been.

  37. Francis said:

    Carroll Morris at 3:34 am Monday, September 5th – You said it all and thank you. To wit: “This corruption goes all the way up through the US government. Almost our entire Congress, Senate, Supreme Court, and Justice System has committed treason. We have a President using a stolen Social Security card/number, a Suprem Court that constantly dismisses legal lawsuits to determine eligibility, a justice system that used a false flag operation called “Fast and Furious” to justify nullifying the second Amendment, and a government that murdered almost 3,000 people in the World Trade Center false flag operation in cahoots with Israel so as to get Americans into an Arab killing frenzy. Wake up people.” PLUS now add the FRAUD SUPER-CONGRESS supposed to be assemble today. Totally illegal, and the American people are simple not going to stand for this. I doubt Obama will be President by the end of this year, 2011.

  38. one said:

    THE PEOPLE need a SUPER malitia in response to the SUPER congress

  39. Daniel Cima said:

    The US Governmob will always protect and bail out all of these criminal Banks, until you people finally go after them, stand up, go get them, lynch them one by one. The word democracy is a fallacy. Democracy does not exist, it is just a invented word. You are NOT governing your country by voting people into office who should be representing your needs and will, you are just giving them all your money by voting for them. Go overthrow !

  40. MountainHome said:

    Finally, free entertainment from Wall St. as they start fighting each other, of course, with our tax dollars. geat article. Thanks

  41. Mark Kinder said:

    Didn’t Obama just hand B of A on a silver platter to his number
    one fan, Warren Buffet?

  42. jim moran said:

    half of Wall Street should be in federal prison,they are crooked ashkenazi khazar parasites. Off with their heads.

  43. Claire said:

    Um, that is all very optimistic sounding… But BofA will still be evicting me next month without ever having produced a single document. After 18 months of attorney-submitted demands to see our promissory note, etc, they sent copies. This was AFTER they had foreclosed on us and claimed legal ownership. We have a court date mid-October where we have zero hope of winning anything, but at least we hope to have some court record somewhere show that we tried to stand up for what was right.
    All of these “lawsuits” are wolves in sheep’s clothing, “judgements” will be levied against the banks that will wind up having clauses that protect them from any actual harm. They are still “too big to fail” you know.

  44. jim moran said:

    RON PAUL IS THE ONLY POLITICIAN WHO SPEAKS THE TRUTH!!
    That is why the (jew) controlled media ignores him.
    They want another Obama/Bush/Clinton AIPAC sock puppet in office.
    They have plenty of money for their idiotic wars but nothing for Social
    Security or Medicare. END ALL FOREIGN AID,ESPECIALLY FOR THE
    “STATE” OF ISRAHELL.

  45. InsideSource said:

    Sorry, but you people don’t get it.

    1.The Nazi’s were financed by international banking themselves……..period. Hitler had jewish heritige to the Rothscihlds and they gave him loans, just like they did the Bolsheviks. It wasn’t to 1938 when Hitler secretly went to England to meet with his “handlers” did he know the game was up, thus he went for it, knowing he would probably fail.
    2.Ron Paul is a fraud. He has collected major funding from the Duponts and Bundy’s. A classic case of “soft” totalitarianism” of the rule of the merchent caste. The guy is a disgrace and is looking to destroy the middle class.
    3.The banks are irrevelent. They are controlled by global capital and the bankers serve them. The “royal” monied powers that have developed since the enlightment: Astor’s, Bundy’s, Renyolds, Duponts, Rockafellers, Rothschilds, Vanderbilts and yes the Kennedy’s ete ete ete. They rule the world. They “pick” which supposed “ideology” is the taste of the moment.

    Right now, they are doing a “quiet liquidation”. We see it in union bashing, wage cuts and preventing deflation. With deflation the productive economy would collapse. Even say, the Waltons(another monied family) would lose 70% of “Wal-Mart”, pro-deflationist that worship satanic Ron Paul don’t understand that these monied powers hold all the real wealth. So Wal-Mart is serverly hacked. The Waltons themselves have millions in savings…….as do the others. When deflation severly takes hold, those savings skyrocket in value while the poor middle classes are confiscated through severely lower wages and loss of government social insurance programs. Their meager savings are lost. It doesn’t matter of “Wal-Mart” collapses at all.

    If the banking system had completely collapsed(transfer payment crisis) the confiscation that has been slowly marching along, would have increased up signifigently. You see, because of the financial tie in with “main street” alot of small and medium sized businesses would have collapsed. Probably about 80% of them. Coupled with severe layoffs from the big companies, you have a state of collapse of the middle class. This is the problem with the collataral. It just didn’t hurt the banks, it hurt joe blow as well. Ron Paul may have tried to destroyed the middle class in one punch, but the other members obviously thought it was to fast and have decided to go the continued slow way, thus the “bailouts”.

  46. Bliss Street said:

    There’s a soundtrack for this:

    Tilting @ Windmills You tube…

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

    Just wait, it gets even worse. Wait till everyone finds out all this was planned, a long time ago, a plan, as we’ll see, that worked to perfection. 53 Trillion USD$, stolen from us, our pension plans, our cities coffers, our 401K’s. And they’re blaming the teachers?

    There’s also this…

    http://www.theallstreetjournal.org. Naked short selling. Same usual suspects. Another road to rip-offs.

  47. Stephen Reid said:

    • “The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.”
    — Thomas Jefferson

  48. Stephen Reid said:

    • “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson

  49. Jim Delaney said:

    See the book ‘The Big Short’ by Michael Lewis and the Oscar-award-winning documentary movie ‘Inside Job’

  50. [...] Civil War Erupts On Wall Street Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … __________________ A man with an experience, is never at the mercy of a man with an [...]

  51. plowman said:

    This is nothing but a stunt to make it look like the Government is doing something..200 billion between 17 banks compared to what these banks have done to our economy? 200 billion isn’t squat to what these crooks have done…What about the fed and what they have done?god this pisses me off…

  52. jollyroger said:

    It’s the juze, stupid. It’s always been the juze.
    The entire banking system in Not only America but throughout the western world is owned and controlled by zionist juze. They are the liars, cheats and frauds of the world and as they have boasted they will destroy not only America but every other nation in their quest for world wide zionist domination, they use the nation’s banking system to achieve their final goal through criminal banking.
    We need another Andy Jackson…who will tear apart these criminal jue banks brick by brick and throw the owners, CEO’s and the rest into the FEMA camps.
    Otherwise we will have to use the old rope and gallows method to exterminate these parasites.

  53. When axed by a reporter in 1935 when he was named Man of the Year by Time Magazine what he thought of the future of American A Hitler responded “I don’t thing they have much of a future. Between their Negro race problem and their subservience to the International Bankers I feel their future is bleak if not doomed” (paraphrased)

  54. I see only one potential leader who has the guts and the knowledge to clean house. He is fearless, he is smart, he is imposing, he really knows whats going on – in fact made a TV series exposing the Elitists His name: James George Janos aka Jesse Ventura. He has made the statement “If I deem the nation worthy, I will launch a campaign the likes of which this nation has never witnessed”

    What he means by “worthy”, if the nation has enough sense to really back him and get off their collective asses and launch a grassroots campaign to rival the Revolution, he will run

    Otherwise, no
    FYI James is of German and Slovakian blood

  55. jim moran said:

    InsideSource-

    learn to spell English….
    adios

  56. [...]  Email This -  Print This [...]

  57. Gos Blank said:

    So let me get this straight: These criminal banks have made trillions in profits from these illegal and immoral schemes, and they’re getting hit with lawsuits that will cost them millions, or at most a few billion.

    Oh yeah, take THAT!

  58. andre said:

    I agree with Duane Plowman,
    $200 billion lawsuit against $20 trillion bailout is nothing more than government stunt. And what happens if J.P. Morgan has to pay $30 billion fine? They’ll get another bailout!!!!
    Can’t believe McGraw is falling for this.
    And what the f-heck are ads with the face of that freak-a-zoid lying shill-meister Glenn Beck doing all over this page? WTF?!?!

  59. Ghana Serapis said:

    When your grocery store sponsors your Oncology department in generally an University medical setting it’s a vicious slap in your face, while they shit on your chest and into your intestines, lungs, and every other cell or organ of your body. Where is your local grocer or medically acclaimed University Center for Individual Diet and Food Preparation? It doesn’t exist because if it did the store would be a third of the size and the center would become the focus of their energy, but where’s the profit and market growth in that? The medical field at every level would shrink drastically. Most medical professionals would return to injury repair versus disease medication, but where’s the profit and market growth in that?
    I have watched you, my Americon brothers and sisters take a population of 330,000,000 and triple it. The agents of your seduction involved that we witness are sloth (zombies), gluttony (cannibalism), and envy (suicide). Your bastard children I see grasping around your kankles, kneesles, small cox, man tits, plastic tits, no neck and flabber jowls. I witness the dirty fingernails of your learned hatred, leaving scars and tattoos of veins and discolored skin and there is plenty of cottage cheese to go with the poisoned peach-fish.
    The fathers of Anti-brotherhood from Zion taught you kosher ways of how to carry the weight of the masturbation of animals into your mouths, teeth honed like daggers, calcified by the shadows of 5 pointed stars; designed to crush dreams and flesh. You refuse to see the Cosmos beating the Calypso drums while you are dancing in Conga lines being pulled taut and shoved full like the Palestinian sausage you choked down with the Starbucks promise-of-no-political-donations; vente latte. In a chorus you chant, “If that’s 2% skim Libyan breast milk, pour extra!”.

    In the food distribution arena I learned sausage is twisted closed from both ends and fuck yes, that gristle could have been some goyim’s finger. If you truly knew what they are feeding you; your fat asses would roll down the street, gaining speed from being round while engulfing entire garage sales. As you roll into their gated communities, mansions and ranches you should drop a load and shit all over their front yards with all that nickle and dime fecal matter that some sweatshop beat out of a woman or child. Who paid these criminals $50.00 a few years ago to smash these indigenous people into production equipment, so then you could turn around and lose $49.75 in your front yard garage sales and never see their blood turn into your gravy?

  60. Francis Flandro said:

    Civil suits are fine and dandy but these Parasites owe “We The People” serious penitentiary time. Soap on a rope anyone?

  61. Francis Flandro said:

    CY VANCE: DIRTY NYC D.A. – An Old Boy Toy Story http://vimeo.com/25966892

  62. gragor said:

    @ Ghana Serapis #60 Congratulations. That has to be the weirdest comment I have ever read. And in a tread with some seriously sick posts in it to boot. I have to know, was that stream of concious or have you been working on that for a while now?

  63. [...]  Email This –  Print This [...]

  64. Susan Wine said:

    What is the reason why Wells Fargo is not being sued by the FHA?

  65. Dale McGill said:

    Someday they will realize that Satan controls Wall Street, just like he controls Hollywood. No decent human being can survive there; the Secret Government (Satan’s minions) control it. They have all the money and we are farmed like pigs.

  66. Ella said:

    We need to get rid of all the government paid police and firefighters because they work for the Devil. They abuse and harass anyone who the Devil pays for them to harass. We need militias and volunteer firefighters, and we all need to pray and put Satan and his Fallen Angels in place. They are about to stage a big even here in a couple of days. Don’t fall for it. God created us and them and we control them. They trick us, but we are in control. They will take your money but don’t let them take your soul.

  67. [...]  Email This –  Print This [...]

  68. [...] Civil war erupts on Wall Street – ampedstatus.org [...]

  69. [...] Read more > [...]

  70. [...] Cross-posted from AmpedStatus.com [...]

  71. [...] > Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  72. Randy Fricke said:

    I like bankers on a rope better.

  73. [...] DeGrawAmpedStatus September 6, [...]

  74. Randy Fricke said:

    The ‘Father forgive them for they know not what they do” from the Bible is a mistranslation. The true translation is: “Father, forgive them NOT, for the KNOW what they do.” Big difference! There can be no forgiveness for this. No amnesty. Forgiveness is a very solemn and sacred act reserved ONLY for those who harm us unintentionally and inadvertently and atone for their misdeed. For those who harm us repeatedly, knowingly, with malice aforethought, glee and a paycheck… The rope! Bring back public hangings for ALL recalcitrant public servants all the way from the banksters to the tazer happy cops.That’ll send a message that will make them remember who THEY work for.

  75. Dan said:

    Should we be stocking up on food ? because I am fearful that I might not able to access my bank account soon if this snow balls. Please respond as I fear for my families well being.

  76. [...] Ampedstatus headline reports, “Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The [...]

  77. Lmlh said:

    I find this all very interesting but find alot of distracting spelling mistakes paying attention to these things would make your opinions and posts alot more credible. I see this alot and know the difference between words spelled similarly that mean different things. I think to myself… is it some are too lazy to pay attention or lack of education? I didn’t finish Canadian grade 10 but I guess I value literacy, take no offense just note many opinions would be more valuable comin from a literate individual. Cheers.

  78. Lmlh said:

    Typos happen but literacy is another. I had a few ;-)

  79. Paul Hershfield said:

    “What is robbing a bank when compared with owning one?” – Bertold Brecht

  80. Chill on the literacy bit!  You are missing the point..Sometimes when someone is passionate about something it comes out too quickly to be spell checked…there is room for everyone in this revolution, let’s be gentle with each other..not so critical…is spelling really that important when one is trying to take down an empire?  

  81. [...] Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  82. Dave Beall said:

    you are an idiot,, spelling,,,, why don’t you volunteer to do all corrections to please yourself.

  83. Dave Beall said:

    A huge thanks for assembling all this info.. No offense to the people harmed, but it is a great read. It’s a lot to take in, it really just overloads the brain in a whole new way. Like a bad dream that came true… nothin but greed.

  84. Carburetor said:

    When you wait for justice, you soon learn it’s just us.

  85. Carburetor said:

    It’s always a good idea to have a stockpile of food.  Whether a natural occurrence or something by human design, a 30 day supply of food wiill allow you time to figure out an action plan and act on it.  A firearm and 1,000 rounds of ammunition will keep the unprepared away from you.  If you can’t defend what you have, someone will take it away from you.

  86. Carburetor said:

    The bankers have boxcars of lawyers ready to defend, delay, postpone, continue, make motions for dismissal and every other tactic to keep the courts off their backs until they can move the hearing to a friendly venue.  Lawyers are cheap when you’re banking in billions.  You can buy a friendly court by paying for the judges re-election campaign.  Corruption is everywhere.  The judge gets a new home in the Hamptons, a luxury car and the key to a Swiss safety deposit box.  Loyalty isn’t that expensive when you’re taking in billions.

  87. Carburetor said:

    “Liked” for the Beck question!

  88. Robertlevy610 said:

  89. Robertlevy610 said:

    Time for American Revolution #2.

  90. [...] Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  91. jdl said:

    this means very little to me just a big loop of money and a massive case of the pot calling the kettle black, it is my opinion that the borders between corporation and U.S government are non existent, we are a corporate america are we not? Corporate america is an informal phrase describing the world of corporations within the united states not owned by the government. That is because the corporations own the government. The atrocities committed by these people can never be undone  the system is broke beyond repair and needs to be gutted entirely if we are to truly be a democracy. If our fore fathers could see the america of today they would look the other way in disgust. we live in a mockery of their ideas, 80% of americans today are in debt and who is it they pay? to me thats like 80% of our population being indentured slaves. anyways iam just ranting besides what are we going to do about it even if it was all true? ill tell you what jack shit because people today are cowards myself included. 

  92. [...] David DeGraw, over at AmpedStatus.com has placed a major article on the web that’s called: “Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They… Read it below or the link above is live. We’ve posted on several of these issues, but, his [...]

  93. steven said:

    Occupy Any Street suggested platform from a Foreclosure Freedom Fighter
    Age 55, retired, two degrees in Finance and Business Law,.. successful in building, mortgage lending, experienced in fighting foreclosure and credit card fraud by banks. Got time on my hands to get even!All National Banks shall comply with their National Charters and cease participation in credit card business. The national bank charter specifically excludes ANY bank whose name includes the designation, N.A. from “lending credit” or “acting as a surety” which is what credit card business actually IS. Every time you use a credit card the bank is “lending you it’s credit” or “acting as a surety”. This is illegal and is reserved specifically for State Banks.All lenders must disclose the credit default swaps they own on each mortgage to each borrower. Investors sometimes buy multiple “bets” known as Credit Default Swaps where they hedge against borrower default,. it’s a bet that you WILL go into default !! They buy multiple such “bets” and when you don’t pay they get paid what they lent you several times over! Try that yourself on your car or home insurance and you go to jail !! The purchase of these “bets” from AIG is what drove them into default themselves and YOU PAID FOR IT!!!!Lenders must disclose to borrower the entire Bloomberg report (aka Note chain of custody) for their loan.Banks are presently making deals with Attorney’s General across the country to gain immunity from criminal prosecution for robosigning to foreclose. This is wrong!! All citizens should endorse a petition halting the states AG from a collective “deal” releasing the banks of criminal prosecution for acts during the mortgage boom starting 1999 to present. Banks and employees must not be let off scott free. Contact your Attorney General in your state and tell them you do not want a “deal” for the banks!!! Want to know more? Contact me asap to form a group discussion. Steven

  94. [...] here Category : Uncategorized Tags : bankers, bonuses, crisis, crooks, federal reserve, theft [...]

  95. Newboyace said:

    this is ridiculous bullshit i cant read it sorry.
    tone down your shit, and convey your argument in a sensible way.

  96. Thanks for all the info..   Join us at http://TheNakedEmperor.com where we focus on corruption, corporate kleptocrats and their enablers. We are a #TruthArt movement. 

  97. [...] By David DeGraw - ampedstatus.org [...]

  98. [...] By David DeGraw - ampedstatus.org [...]

  99. [...] By David DeGraw - ampedstatus.org [...]

  100. [...] By David DeGraw - ampedstatus.org [...]

  101. Arthur Rex said:

    Execution is too kind…. don’t be kind with these leeches, be NASTY.

  102. [...] By David DeGraw - ampedstatus.org [...]

  103. [...] By David DeGraw - ampedstatus.org [...]

  104. [...] By David DeGraw - ampedstatus.org [...]

  105. Guest said:

    <> Read some theories with empirical research on the power of language, rhetoric, perception, memory, and semantics and ask yourself this question. Or maybe you wont.

    If we are constructing our own reality, and the only way to do this in a “modern day society” is trough communication and language, then the way we present it and our ability to do so, is in fact very important. In a more everyday example you could wonder why the most powerful men in history has employed speech writers.

    English is not my first language, and I am not used to express myself with its vocabulary. Still I try, because I know it is the best chance to be heard. That is literacy. That is grammer. Not rushing out with whatever but taking time to choose your words, because the case of wich you speech is worth the while it takes to present it beautifully gift wrapped.

  106. Susone said:

    Why should we trust Obama to prosecute the banks?  He is guilty of fraud himself and should go to jail because he is gangster.

  107. Susan Mason said:

    Lmlh.  Spelling is not due to education or smarts or anything like that.  it is an allele.  An allele that is attached to your DNA and expresses or does not.  For instance, those that don’t like spicy food don’t have the allele.  it is not because they are wimpy, they don’t have the allele that would tolerate it.  As for spelling this is the same thing.  While some (a small amount) of spelling and grammar ARE due to a poor education (and why knock someone for THAT?) it is invariably due to genetics…and why knock someone for THAT?  Are we so rigid that we would throw away someone’s attempt to express themselves over spelling and grammar?  Imagine that you DO have poor spelling and/or grammar and you NEVER comment.  On this topic you let your guard down and say something, which is hard for you, only to get SHOT down by someone who ASSUMES something that he knows nothing about…it is GENETIC.  Quit hatin’.  If you cannot tolerate a few misspelled words and poor sentence structure then how are we ever going to be able to get through as stressful a time as a revolution without you imploding?  Or me for that matter because you “couldn’t stand the way I was” (fill in the blank). Pretty sure MLK and Ghandi did not give 2 shits whether people supporting them could spell….Be nice Lmlh.  Else others prove YOU the fool.

  108. Nescafe Dolce Gusto…

    [...]bankruptcy « Timothymccandless's Weblog[...]…

  109. [...] Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  110. [...] September 2011 [...]

  111. Hagarrish said:

    It makes me want to throw up and put all there butts in jail for a long time. If this is not a sign that the fed needs to go I am sure what is. I still wonder why Americans are still asleep at the wheel and they realize we are in the same worse shape as Greece?  I know people are angry and mad but what it will take I do not know.

  112. Makita Akkuschrauber…

    [...]bankruptcy « Timothymccandless's Weblog[...]…

  113. [...] of the under-reported news stories behind this takedown on September 3, 2011, in an article entitledFull-Blown Civil War Erupts on Wall Street. These stories are still extremely current. A WORLD EVENT MUCH BIGGER THAN 9/11 IN SCOPE AND [...]

  114. Sire H said:

    No more private banks! Banks should operate for the good of their users, not for usurpers.

  115. clarence swinney said:

    OBAMA BIG SPENDER
    Obama last budget (fiscal 2013) is projected (CBO) to spend $3580 Billion from Bush last budget at $3520 Billion. The budget for 2013 is $3800B. Regardless, each number shows low spending.
    If it is $3580B that is a four year increase of only $60B. Lowest percent increase since Republican Great Depression. Obama put in place a program Efficient Government Spending for each department to decrease waste and duplication. These numbers are so good they look faked . They are unreal after Bush 90% increase in Spending and Doubling of the debt (112%) or Reagan 80% increase in Spending and 189% increase in Debt. These justify a vote for Obama to keep at it. It puzzles me that no one boasted on it in the campaign! The full story is on Market Watch.

  116. [...] Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start … [...]

  117. [...] Reality Finally Hits The Financial Elite As They Start Turning On Each Other 6th September 2011 By David DeGraw - ampedstatus.org [...]

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    RUSH LIMBAUGH + SEAN HANNITY
    Will Sean ever break the record of Rush?
    Rush record=over 10,000 lies in 4000 hours.
    Rush said, few years ago, “that Media Watch Group FAIR, edited 4,000 hours of my transcripts
    and found 45 little errors”.
    I got the study from FAIR. 45? He averaged over 2 lies per hour.
    Will Sean break that record?

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