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50 State Attorney General Mortgage Probe Rejects Idea of Global Settlement

Bloomberg provided a useful update on the 50 state attorney generals’ investigation into mortgage abuses.

One key development is that the AGs are treating investors as parties whose interests need to be considered. This appears to be at odds with the approach taken by Federal regulators, who are devising and implementing exams of various sorts which look to be purposely superficial (well, of course, if the real agenda is to change things as little as possible, you don’t need to do much outreach). Another is that the AGs have rejected the idea of a global settlement and are instead looking at a bank-by-bank approach (although presumably there will be some common elements across all deals).

But there are some inconsistencies in the piece, which suggests the spin is hot and heavy. For instance, the article does the reader the disservice of repeating the canard that principal mods hurt investors, although it finally offers this comment:

Banks have suggested the securities owners may block a settlement that includes loan modifications, said Chris Katopis, executive director of the Association of Mortgage Investors.

“The servicers are painting us as a convenient patsy,” he said. “We find it absolutely inaccurate that we’re holding up the modification process.”


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Help Wanted: (1) Justice System & (2) Money Monetary System

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  • A Justice System
  • A Money Monetary System

Your Public Justice System

America has already built fine Court Buildings. They are ready for immediate occupancy. You many provide your own justice system. To be proper & Constitutional, we will summons a "Jury of your peers, with original intent." That is, the Jury will have not only "a clue," but will be presented "all clues" to resolve whatever mystery drama is presented. It will be resolved, not by idiots nor rascals. It will be resolved by fools such as me, with enough respect from other fools that we may have a chance at resolving the mystery.

Jury members will be permitted to have witnessed any sort of mischief. No fool will be thrown off a jury just because he might have "a clue." We desire, as did our Founding Fathers, a system of justice by our peers using "all clues."

The summoned jury will render justice. Your "Justice System" must provide only an orderly presentation of cases & related evidence to a jury of your peer. Sentencing will be done by the jury, guided by the book (law); not your system.

Court buildings are free & for public use only. All proceeding must be public & recorded for "We the People" to see. All Court records may be viewed in our public records. We have nothing to hide.

Circuses & zoos will be housed separately.

Your Public Money Monetary System

Please help us bring back our monetary system. You know, the one with real money.... Gold & Silver.

We will summons all vaulted & fabled Gold & Silver for public viewing. We will present all ownership records. A "Jury of your peers will resolve which ownership records properly belong to which owner.

To ensure the "Right to a Speedy Trial," all Fabled Gold (PaperGold) will be summarily dismissed. You need only preside over orderly tying "Real Gold & Silver" to "Real Owners."

A real monetary system requires real money... lest it is Make-Beleive.

Other ideas will be entertained; but again,

Circuses & zoos will be housed separately.

Legal Fictions need not apply.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul


“He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would suffice.”
- Albert Einstein

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

The "corexit-ization" of financial coverups.

(Nano: seven thousand times smaller than a human hair)
Coverups seek patsy's of the "blame-game" sycophants mindset prey upon, and are usually "pre-determined" in the banksters fascism. More layers of corruption that must needs be sifted thru; however, this is the day and age we will uncover the sociopathic decievers of the secret meetings.
Free black boots and brown shirts come at a cost to sanity and respect of all living things and creatures.

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Favor the candidates that are intuitive the earth is a living breathing entity.

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”