Full Event: Transcript of Trump Canton Speech: “I Will Campaign Relentlessly For Every Single Vote” (with photographs)…
Tonight candidate Donald Trump held a massive campaign rally in Canton Ohio. Mr. Trump delivered a passionate ‘America-First’ speech directly to the voters in the mid-West and across A…
WOOT! Indy Indy Indy Indy TRUMP TRUMP TRUMP TRUMP TRUMP!!!
Largest used book sale in AZ is back: 55th VNSA Used Book Sale ~ Saturday Feb. 12 & Sunday Feb. 13, 2011
WOOHOO! Make room for new lovelies on the shelves!
Arizona State Fairgrounds
1825 W McDowell Road
Phoenix, Arizona 85007
Saturday, February 12, 2011 8 am – 6 pm
Sunday, February 13, 2011 8 am – 4 pm
Half Price SALE on Sunday!
Visit the VNSA.org site here
Kewlin’. We (Earth life) are either WAY COOLER than we thought, and able to ‘evolve’ in REALLY radical ways to create LIFE ~ OR~ Alien bacteria, off Earth in source, has been found living happily on Earth, adapting to our environment. Like I said, Kewlin’!!
HotAir has it:
…One: The bacteria is a true alien life form that’s capable of swapping out “essential” elements for whatever’s abundant in its environment. In that case, where’d it come from and how’d it get there? Two: The bacteria’s an Earth-based life form that somehow figured out one of the niftiest tricks in evolutionary history, altering the core structure of its own DNA to compensate for the loss of a key component. As an astrobiologist told the Times, “It’s like if you or I morphed into fully functioning cyborgs after being thrown into a room of electronic scrap with nothing to eat.” If it’s evolution at work, is it a new branch on the tree or … a whole new tree? And how many more branches are there on that tree? Read WaPo’s very user-friendly article on all this, suggesting the possibility of an entire “shadow biosphere” on Earth that doesn’t follow the usual biological rules….
Too Big to Fail Bankstas and the Financial Collapse: Bethany McLean, author of ‘All the Devil’s are Here” CSPAN Interview
cannot wait to read this book
Courtesy of CSPAN
Reminder: IT IS HAPPENING AGAIN RIGHT NOW, REGULATORS ARE IGNORING THE FORECLOSURE FRAUD AND FAILURE OF TBTF TO DELIVER THE NOTES TO THE TRUSTEE, THE MBS ARE PUTBACKS WAITING TO HAPPEN.…
For more on the imminent collapse and why, see Naked Capitalism, Yves Smith today- ‘Why MERS needs to be taken out and shot’
the idea of passing a Federal statue to solve MERS’ growing state-level problems is a huge stretch. As the latest report of the Congressional Oversight Panel noted,
In the absence of more guidance from state courts, it is difficult to ascertain the impact of the use of MERS on the foreclosure process. The uncertainty is compounded by the fact that the issue is rooted in state law and lies in the hands of 50 states judges and legislatures.
We’ve been told that Constitutional scholars have said that repeated Supreme Court decisions have found real estate transactions to be beyond the reach of Commerce clause, and hence not subject to Federal intervention. So the idea that MERS can be legitimated by Congress appears far-fetched.
But what are the problems with MERS? The focus so far has been on its questionable legal standing, but its operational failings are every bit as serious.
Although critics have provided a number of arguments against MERS, the most fundamental relate to MERS’ claim that it acts as mortgagee of record….
And see NC again for Tom Adams on why failure to transfer notes is a serious problem for the TBTF:
(…) Based on my review, Countrywide failed to comply with the terms of the agreement for the delivery of the mortgage notes. In addition, importantly, the trustee also failed to comply with the terms – it was required to certify it had the mortgage notes at closing and then certified annually that it had safeguarded the mortgage loan documents as required by the PSA.As a result, if Countrywide actually failed to deliver all of the mortgage notes to the trustee, as the judge describes in the Kemp case, then
(1) This is a problem for the trustee proving it has standing for foreclosures or bankruptcies, as in the Kemp case,
(2) It seems like investors in the certificates issued by CWABS 2006-8 would have a good case to pursue claims against both Countrywide and the Bank of New York, as trustee, for failing to perform as required under the agreement,
(3) By stating that the notes had been delivered and certifying all of the notes had been received, Countrywide and the trustee seem to have misrepresented the transaction to investors, by creating the impression that the trust had secured the collateral, and
(4) The trustee’s annual certification under Reg AB that the mortgage loan documents were safeguarded and secured may open the parties up to additional liability for misrepresentation to investors, despite the fact that three-year statute of limitations may have expired for misrepresentations made in the offering statement for the transaction.
I tracked down the pooling and servicing agreement in the Kemp case from CWABS 2006-8 to make sure it did not have any unique exceptions to delivery. It did not. Section 2.01 of the PSA requires the Depositor (CWABS) delivery of the note to the trustee with all intervening endorsements as follows:…read it all!
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