The "robo-signing" scandal at the heart of the current foreclosure crisis may be just the tip of a legal iceberg that threatens to destabilize the American financial system just as the government is least equipped to support it.
That's the judgment of the Congressional Oversight Panel, the watchdog agency created to keep an eye on the Troubled Asset Relief Program, or TARP. And it's the first official warning from anyone in the government that banks' problematic servicing of foreclosures could obscure and possibly evolve into troubles on a global scale.
"At this point the ultimate implications remain unclear. It is possible, however, that 'robo-signing' may have concealed much deeper problems in the mortgage market that could potentially threaten financial stability and undermine the government's efforts to mitigate the foreclosure crisis," the panel said in a 127-page report issued today. "In essence, banks may be unable to prove that they own the mortgage loans they claim to own."
Much more at the link - http://www.aolnews.com/nation/article/panel-warns-of-nightmare-scenarios-for-foreclosure-crisis/19720571 Total Barf Stew.
INTERVENTIONS VI: Nigeria The Nightmare Scenario
On a lighter note - Dating Site CanDoBetter Lets Strangers Rate Your Date ------ on this website you upload a picture of yourself and a picture of your `date' - from their the population votes as to whether `you' could do better - http://www.lemondrop.com/2010/11/15/dating-site-candobetter-com-asks-strangers-to-rate-your-date/ - Barf Stew.
50 Foolproof Online Dating Strategies: How to Get the Most from Online Dating Sites Without Fear of Rejection or Having to Deal With Crazy People!
Facebook Dating - A guy's only guide to the world's largest online dating site
Are you ready for your `Mystic/Paranormal' read? - Mantra and Miracles - http://www.squidoo.com/dharma17 Stewable.
Going Inward:Mommy Mantras: Affirmations and Insights to Keep You From Losing Your Mind
Healing Mantras: Using Sound Affirmations for Personal Power, Creativity, and Healing
Mantra Yoga and Primal Sound: Secret of Seed (Bija) Mantras
Barf Stew does Sexy - http://www.nn-blog.com/images/jana-rocks/image04.jpg and http://www.nn-blog.com/images/amy-amy-amy/1/14.jpg and one more for the beginning of this weekend today - http://i.imgur.com/NYsXw.jpg BS Entertains.
UFO Link? - Alabama UFO Videos - http://ufodisclosurecountdownclock.blogspot.com/2010/11/alabama-ufo-videos.html and Montana UFO videos - http://ufodisclosurecountdownclock.blogspot.com/2010/11/montana-ufo-videos.html - Some Great UFO videos here. stewable.
BTW, something happened earlier this month - the FIRST MSM person to `think' something might be up with the Building 7 collapse in NYC on 9-11 - happened. Geraldo, the TSA and the Coming False Flag - http://whentheshtf.blogspot.com/2010/11/geraldo-tsa-and-coming-false-flag.html - and at the link is a video of Geraldo Rivera that is a must see if you have been bought into the government side of the story. Barf Stew Does Politics.
So, you say you'd like to fly on a jet without revealing your privates? How's this for ingenious - http://www.flyingpasties.com/2ndgeneration.html - Flying Pasties. Stewable. GREAT PICTURES.
And, this was a breaking story yesterday - Hitler's Plan: Use Alien Technology Against The Allies - http://naturalplane.blogspot.com/2010/11/hitlers-plan-use-alien-technology.html - With Pictures of `UFO'. Stewable.
Finally, a laugh to end BS today:
No comments:
Post a Comment
Comments are welcome and ALWAYS moderated (to remove spam links).