CHAIN OF NOTHING: Wells Fargo Fraud Is Causing the Curtain to Fall Revealing Fraud in Foreclosures and Ultimately Mortgage Bonds


Livinglies's Weblog

“Defendant Wells Fargo’s deceptive and intentional conduct displayed a complete and total disregard for the rights” of the couple, wrote Judge Elliott, a circuit judge in the 43rd Judicial District of Missouri. “Wells Fargo took its money and moved on, with complete disregard to the human damage left in its wake.”

see http://www.nytimes.com/2016/09/22/business/in-wells-fargos-bogus-accounts-echoes-of-foreclosure-abuses.html?_r=0

Gretchen Morgenson of the New York times has revived the issues of fraudulent foreclosures in mainstream media by publishing a sharply critical attack on Wells Fargo. Like Elizabeth Warren has done, Morgenson brings attention to two connected policies of the TBTF banks: (1) the the recent revelation that Wells Fargo forced 8 accounts upon each customer of the commercial banking side of the bank — regardless of whether the customer even knew those accounts existed and (2) the obvious similarity with the fraudulent sales of MBS and the fraudulent foreclosures initiated by Wells Fargo.

Senator Elizabeth Warren…

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21 banks borrow N4.06tr from CBN in three months.


OBLONG MEDIA

Banks have been frequenting the Central Bank of Nigeria (CBN) Window to borrow cash to boost their liquidity positions, according to the CBN Economic Report for the second quarter, released yesterday.

Twenty-one commercial banks borrowed N4.06 trillion from the CBN’s Window in the first quarter- between April and June.

The figure, the report said, was by far higher than N560.8 billion borrowed in the first quarter- from January to March this year, the report released yesterday showed.

The funds came through the Standing Lending Facility (SLF), which is an overnight CBN credit available on banking days between 2 pm and 3.30 pm, with settlement done on same day value.

Funds were sourced mainly from time, savings and foreign currency deposits, as well as accretion to unclassified assets. The funds were used, largely, to extend credit to the private sector and payment of claims on demand deposit.

The CBN attributed the…

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WHO OWNS THE CRUDE OIL IN NIGERIA? By Kalu Aja.


A trillion naira question

OBLONG MEDIA


Rather simple question, won’t you say?

To own a thing implies you derive utility from it. So let’s answer by examining who derives utility from crude oil in Nigeria. Utility of course means taxes. Who derives taxes from crude oil?

Well before the independence of Nigeria, as at 1958, this was how crude oil taxes were shared…


1958:

1. Oil Producing States retained 67.4% of Mining Rents and Royalties

2. Federal Government got 20% of Mining Rents and Royalties

3. Non-oil States got 12.6%

So the crude oil and gas was owned by the oil producing States. That how the British left it.


In 1970, General Yakubu Gowon passed Decree No. 13. Under the decree, this was how crude oil taxes were now to be shared.

1970

1. Oil Producing States retained 45% of Mining Rents and Royalties

2. Federal Government got 55% of Mining Rents and Royalties

3. Non-oil…

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Mass Demonstration at Presidential Debate on September 26 in New York


Diane Ravitch's blog

The Journey for Justice is working with other civil rights groups to bring thousands of people to demonstrate at Hofstra University on Long Island, New York, where the first Presidential debate will take place on September 26. Details are below.

NEWS RELEASE MEDIA CONTACT: Jitu Brown
For Immediate Release 773-317-6343
September 15, 2016 http://www.j4jalliance.com

​Thousands expected to demonstrate @ Sept. 26th presidential debate in protest of public education cuts in African American and Latino communities across the nation
“It matters to me who becomes the next U.S. Education Secretary…”

CHICAGO – A national coalition of parents, students, teachers and activists have vowed to travel to Hofstra University in Hempstead, New York, on Monday, September 26th, and join with thousands of other people who will protest the first presidential debate due to cuts in public education and the impact on students of color. Activists, led by the Journey for Justice Alliance…

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Isaiah 55


Arlin Sorensen's Thoughts on Scripture

Isaiah 55 begins with a bang.  “Come, everyone who thirsts, come to the waters; and he who has no money, come, buy and eat! Come, buy wine and milk without money and without price”.  The prophet calls out asking everyone that can hear to listen.  He has an important announcement.  His call is to all of us – if we thirst we need to come – and all of us are thirsty.  This isn’t about buying anything.  It is about coming.  It is realizing our need and simply bringing our trust and faith to receive what God has to give us.  It isn’t about money.  It’s about answering God’s call.

God asks an extremely important question.  “Why do you spend your money for that which is not bread, and your labor for that which does not satisfy”?  God wants us to do a little introspection.  This…

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