konane's Blog

"family of four with an income of $45,000 will pay $2,083 more in taxes

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"Walloping the Middle Class

The Democrats' tax punt may mean that a family of four with an income of $45,000 will pay $2,083 more in taxes.

".....Making the tax wallop even worse, Democrats haven't defused the Alternative Minimum Tax time-bomb either. According to Ken Kies, who once served as staff director of Congress's joint tax committee, as many as 30 million middle-class Americans could get hit with the AMT (alternative minimum tax) next year. "The Democrats are going to have fix this during the lame-duck session [in November], or this tax will hit a lot of Americans in January." ......"

http://online.wsj.com/article/SB10001424052748703882404575519961849221940.html?mod=WSJ_Opinion_LEFTSecond

Entry #2,282

Alleged Notary Abuse Referred to Federal Prosecutor ~ Foreclosures

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When the dust finally settles on this massive fraud, a huge debt of gratitude is owed to Karl Denninger, TheMarketTicker.org for keeping readers updated on events.

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Well well well...

REFERRAL OF CHASE HOME MORTGAGE AND MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. TO FEDERAL PROSECUTOR: Secretary Brunner, in two letters dated Aug. 11, 2010 and Sept. 1, 2010, referred matters of alleged notary abuse in thousands of home mortgage foreclosures by Chase Home Mortgage and the Mortgage Electronic Registration Systems, Inc. to U.S. District Attorney Steven Dettelbach in Cleveland

http://market-ticker.org/akcs-www?singlepost=2192100

Entry #2,281

The Curtains Are Now On Fire (Mortgage/MBS Fraud)

The Curtains Are Now On Fire (Mortgage/MBS Fraud) 

".......These officials argue that the companies filing foreclosure claims often did not have legal standing to kick people out of their homes and used forged paperwork to cover their tracks. ......" 

"...........Housing experts say in general, fabricated foreclosure documents often indicate that banks and document processors have lost track of the papers that prove who owns a loan......."

http://market-ticker.org/akcs-www?singlepost=2190404

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"......That's right - when the banks cannot manage to produce documents that show you were properly served (because you weren't) or when they can't produce a note they actually destroyed on purpose, they simply counterfeit something and present that to the court instead. ..."


http://market-ticker.org/akcs-www?singlepost=2190795

Entry #2,277

"Some Inconvenient Questions For Our President (Foreclosure Mills)

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Since Obama is a redistributionist ... arbitrarily seizing wealth from some and giving it to others he deems more deserving, he apparently doesn't believe in private property ownership.  Based on that he likely won't act in any capacity to mandate an investigation into foreclosure mills based on fraudulent mortgage documentation.  My take anyway, but he can always prove me wrong.
Good read if you have time.
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Entry #2,275

Hyperinflation Ramping Up

You may want to navigate to his site and check out commodity charts in this article.

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"Heh Look The Market Is Up 0.2% And You Are Starving

"......The market is up 1/4%, but your actual purchasing power has dropped twice as much as the market has risen, and since your entire net worth is not in the market, guess what - you have in fact lost.

This is the game that is being run folks.  It is not an accident.  It is in fact an intentional act being undertaken by our government and our Central Bank. ......."

http://market-ticker.org/akcs-www?singlepost=2188999

Entry #2,274

"'Slavery' uncovered on trawlers fishing for Europe

 

" 'Slavery' uncovered on trawlers fishing for Europe

"Exclusive: Violence and incarceration for months or even years found on ships off coast of west Africa

Source Gurardian.co.uk

"......Forced labour and human rights abuses involving African crews have been uncovered on trawlers fishing illegally for the European market by investigators for an environmental campaign group.

The Environmental Justice Foundation found conditions on board including incarceration, violence, withholding of pay, confiscation of documents, confinement on board for months or even years, and lack of clean water.

The EJF found hi-tech vessels operating without appropriate licences in fishing exclusion zones off the coast of Sierra Leone and Guinea over the last four years. The ships involved all carried EU numbers, indicating that they were licensed to import to Europe having theoretically passed strict hygiene standards."

http://www.guardian.co.uk/law/2010/sep/30/slavery-trawlers-europe

Entry #2,273