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Banksters and Gangsters with Eliot Spitzer – Dylan Ratigan

Banksters and Gangsters with Eliot Spitzer – Dylan Ratigan


via Dylan Ratigan

I sat down yesterday with former New York Attorney General Eliot Spitzer to go over some of the ideas in my new book, Greedy Bastards. Believe it or not, there is a good kind of greed, when money is invested to create real wealth, long-term. But that is not what we are doing today.

Spitzer, who went after both mobsters like Tommy Gambino and Wall Street firms, said both sectors “squeeze money” out of a sector, and that there are more parallels there than we would find comfortable. “The mob was at its most powerful when it was a monopolist,” he said. “Each has figured out how to use leverage” and “how to eliminate competition”. The three letters we have to understand to get Wall Street, Spitzer said, are “OPM” – Other People’s Money.

We discussed how naked credit default swaps can be classified and regulated as online gaming, according to controversial figure Dick Grasso, who used to run the NYSE. Spitzer called the swaps market a “cesspool” which doesn’t do anything but let people “bet in a casino without any social utility.” Finally, we talked about how banking regulations are like the water coolant in a nuclear reactor for the fuel rods. Without them… meltdown!

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Greedy Bastards Favorite Financial Innovation: The Swaps Market (Part 1)

Greedy Bastards Favorite Financial Innovation: The Swaps Market (Part 1)


This is a very informative podcast below. Credit Default Swaps 101.

Many thanks to Dylan Ratigan and Chris Whalen for this!

Dylan Ratigan-

Welcome to another episode of Greedy Bastards Antidote — a podcast series that zeroes in on “Greedy Bastardism” in our country, and highlights the people out there who are finding the “Antidotes.” Dylan will be talking to the heroes and the visionaries out there on the front lines of education, health care, the environment, trade, taxes, finance and government, all of whom are finding solutions to America’s biggest challenges — and doing it creatively and fearlessly.

This week, we’re focusing on the swaps market — not only to learn exactly what credit default swaps are, but why they’re one of the favorite financial products of Greedy Bastards. This is the one market that betrays every fundamental principal of American values — it is not transparent, it does not require collateral if you’re a AAA rated bank, and you can sell insurance globally on credit.  This incentivizes clients to buy them by offering  lower interest rates (and who doesn’t want that?)

[DYLAN RATIGAN]

Greedy Bastards Antidote Ep 3: Chris Whalen and Credit Default Swaps by Dylan Ratigan

image: goldonomic.com

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Bought Justice, Pt. II: An Interview with Landon Rowland

Bought Justice, Pt. II: An Interview with Landon Rowland


Dylan Ratigan-

It’s one thing is your politicians are bought—it’s another thing if the media doesn’t do their job holding them to account. But what’s a country to do when its very judgesare for sale?

In Dylan’s post earlier this week on Bought Justice, we revealed how corruption in our courts, as usual spearheaded by money in elections, is slowly wrecking our economy.

As he wrote in the piece, “what makes America a great place to do business is the certainty provided by a world class court system that makes sure the rules of the road apply to everyone equally.”

One of the people most concerned about “bought justice” is Landon Rowland, Janus Capital Chairman Emeritus and the 15th president of the Kansas City Southern Railway.

Dylan had a chance to have an extended conversation with Mr. Rowland about the importance of independent judiciaries in sustaining economic development and encouraging investment, the corrupting effect of money in judicial elections, and the danger of letting “the rule of cash prevail over the rule of law.”

[DYLAN RATIGAN]

RFD Ep #76 Landon Rowland by Dylan Ratigan

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Bought Justice – corruption in courts

Bought Justice – corruption in courts


Dylan Ratigan-

Janus Capital Chairman Emeritus Landon Rowland is worried about the corrupting influence of money in politics. This is not so unusual, except for two factors. Rowland is a mild midwestern businessman, the type of sober fair minded moderate who doesn’t express concern lightly. And Rowland’s concern isn’t bought politicians, but bought judges. Rowland believes that corruption in our courts, as usual spearheaded by money in elections, is slowly wrecking our economy. What makes America a great place to do business is the certainty provided by a world class court system that makes sure the rules of the road apply to everyone equally. This, he believes, is now in jeopardy.

I’ve written before about the unholy alliance of business and state that sells our elections and our legislative process to the highest bidder. That same unholy alliance is corrupting our courts through a deep and effective campaign to buy off judges the way that our politicians have been purchased. Rowland pointed this out in a 2009 op-ed opposing a significant change in the way that Missouri judges are chosen. Currently, the state has a nonpartisan commission of experts that screen judicial candidates, and then the governor picks among them. The electorate gets to vote judges out of office through “retention elections”. This protects the independence of the judiciary, and ensures that judges don’t have to go begging to corporate interests for campaign solicitations. This “Missouri Plan” was implemented to ward off machine corruption in the 1940s, and is so successful that it is in use by 24 states.

[DYLAN RATIGAN]

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MUST SEE | Dylan Ratigan, Author David DeGraw and Prof. William Black on Corruption & OWS Movement

MUST SEE | Dylan Ratigan, Author David DeGraw and Prof. William Black on Corruption & OWS Movement


Hijacking protests for political gain

October 17, 2011

Author David DeGraw and Prof. William Black talk about the politicians supporting the OWS movement for their own political gain as opposed to those who truly believe in the protests.

[DYLAN RATIGAN]

 

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© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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It’s Time to Get Money Out of Politics – #GetMoneyOut

It’s Time to Get Money Out of Politics – #GetMoneyOut


From Dylan Ratigan


Bailouts. War. Unemployment. Our government is bought, and we’re angry. Now, we’re turning our anger into positive action. By signing this petition, you are joining our campaign to get money out of politics. Our politicians won’t do this. But we will. We will become an unrelenting, organized wave advocating a Constitutional amendment to get money out of politics.

As the petition grows, we can use my show on MSNBC as a platform to force this issue to the center of the 2012 elections. Join us. Sign up. Tell your friends. Facebook it. Tweet it. #GetMoneyOut.

 

Click Image Below To Get Involved

or Text “Sign” to 917-720-6888

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Dylan Ratigan, Mad as Hell: His Epic “Network” Moment

Dylan Ratigan, Mad as Hell: His Epic “Network” Moment


[DYLAN RATIGAN]

We’ve got a real problem…this is a mathematical fact. Tens of trillions of dollars are being extracted from the United States of America. Democrats aren’t doing it, republicans aren’t doing it, an entire integrated system, banking, trade and taxation, created by both parties over a period of two decades is at work on our entire country right now.


© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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America for Sale: Is Goldman Sachs Buying Your City? – Dylan Ratigan

America for Sale: Is Goldman Sachs Buying Your City? – Dylan Ratigan


HuffPO-

In Chicago, it’s the sale of parking meters to the sovereign wealth fund of Abu Dhabi. In Indiana, it’s the sale of the northern toll road to a Spanish and Australian joint venture. In Wisconsin it’s public health and food programs, in California it’s libraries. It’s water treatment plants, schools, toll roads, airports, and power plants. It’s Amtrak. There are revolving doors of corrupt politicians, big banks, and rating agencies. There are conflicts of interest. It’s bipartisan.

And it’s coming to a city near you — it may already be there. We’re talking about the sale of public assets to private investors. You may have heard of one-off deals, but what we’ll be exploring with the Huffington Post is the scale and scope of what is a national and organized campaign to shift the way we govern ourselves. In an era of increasingly stretched local and state budgets, privatization of public assets may be so tempting to local politicians that the trend seems unstoppable. Yet, public outrage has stopped and slowed a number of initiatives.

continue reading [HUFFINGTONPOST]

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“FRAUDCLOSURE” Whistleblowers Speak Out Against Loan Modifications That Helped Banks Not Homeowners | Dylan Ratigan

“FRAUDCLOSURE” Whistleblowers Speak Out Against Loan Modifications That Helped Banks Not Homeowners | Dylan Ratigan


NBC’s Lisa Myers introduces us to two industry whistleblowers in the third of her exclusive reports.

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WHALEN: “FED LET THE REAL ECONOMY GO TO HELL” 12-1-2010

WHALEN: “FED LET THE REAL ECONOMY GO TO HELL” 12-1-2010


The Fed told us explicitly – many times – that it was taking “good collateral” to back up these loans and that it was quite confident it would not lose any money.

That, it turns out, was true.

What we were not told is that the “collateral” they took was so bad that it was in some cases valued at TEN CENTS on the dollar or less, and in each of these cases it leaves open the question as to where is that collateral now, having been returned to the bank, what is it actually worth, and how is it being carried on the books – because what we do know from the bank’s financial reporting is that it most-certainly was NOT written off.

There’s more than enough here in these tables to call for a massive forensic investigation into the accounting practices of each and every one of these institutions as the fact that FRBNY valued this “collateral” at such a tiny fraction of it’s claimed value by the submitting institution leads to an immediate question as to how one squares that valuation with the values reported by the banks in their quarterly and annual reports, and whether they were at the time, or are today, in point of fact, at anything approaching actual valuations, insolvent.

We the people deserve both answers AND HONEST ACCOUNTING.

-Karl Denninger

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DYLAN RATIGAN | A Mortgage Isn’t a Life Sentence

DYLAN RATIGAN | A Mortgage Isn’t a Life Sentence


That’s the segment I did with someone who walked away from his mortgage, his home, and his $120,000 down payment after wrestling with the bank for months.  It’s powerful, and it’s hopeful.

“It feels great,” Burton said without hesitation. “I’m starting again. I’ve still got my talent; I’ve got my intelligence. I’ve got my health. At least I’m free of the enormous amount of stress that I had and the frustration of doing the best I could and it wasn’t good enough. It wasn’t working. Ultimately, I made a decision that my physical and mental health was more valuable than this house and my investment in it.”

At this point in the housing crisis, if you’re having problems, it’s clear that no authority is coming to help you.  Not bank regulators.  Not Obama.  Not the Republicans or Democrats in Congress.  And especially not your bank.  But the good news is there is hope.  You have options.  Ryan Grim, Lucia Graves, and Arthur Delaney interviewed 50 people thinking of walking away from their mortgages, and then interviewed them a year later.  They wrote up what they found.  For those who were able to walk away, it was a profoundly liberating experience.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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DYLAN RATIGAN | No Way To Live: WHERE ARE THE HANDCUFFS?

DYLAN RATIGAN | No Way To Live: WHERE ARE THE HANDCUFFS?


Where are the Handcuffs?

Earlier today, I did a podcast with Shahien Nasiripour from the Huffington Post on the current state of the justice system in America.  The full transcript is on it’s way.


© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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[VIDEO] DYLAN RATIGAN | Wikileaks Vs The Banks & Tax Evasion

[VIDEO] DYLAN RATIGAN | Wikileaks Vs The Banks & Tax Evasion


via: tigerone1970


excerpt:

Millions of people go without basic services – running water and other utilities, healthcare, education, policing, because their governments do not have the money to pay for them.

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[VIDEO] Dylan Ratigan Speaks To OH AG Richard Cordray On Settlement, Fraudulent Affidavits

[VIDEO] Dylan Ratigan Speaks To OH AG Richard Cordray On Settlement, Fraudulent Affidavits


Sign the petition!

StopServicerScams.com

Visit msnbc.com for breaking news, world news, and news about the economy

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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[VIDEO] Dylan Ratigan Show: Rep. Marcy Kaptur, MERS, FRAUDCLOSURE FRAUD COVER UP

[VIDEO] Dylan Ratigan Show: Rep. Marcy Kaptur, MERS, FRAUDCLOSURE FRAUD COVER UP


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They Keep Stealing – Why Keep Paying?

They Keep Stealing – Why Keep Paying?


Host of MSNBC’s “The Dylan Ratigan Show”
Posted: June 24, 2010 12:04 PM Huffington Post

The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the “people.” Between the multiple overt and secretive bailouts, the massive bonuses and the circular use of our tax money to lobby for these continued handouts, you can no longer hide from the evidence.

When Senator Durbin said “The banks… frankly own this place,” you realize it was not in jest.

Couple this with recent protections handed by the Supreme Court to corporations to directly influence elections and it can make things seem hopeless for those not on Wall Street or their chosen politicians. Favored CEOs and now even foreign countries get all the printed money they need, leaving us paying both our bills and theirs.

And now nearly a quarter of all Americans are currently underwater in their mortgage because of that steadfast honor.

If you are one of them, chances are you didn’t do anything wrong. Almost all of you were not subprime borrowers or speculators, but merely people buying a house that they thought they could afford at the time. You were just unlucky in that you bought a house during a time when an outdated Wall Street and their complicit politicians decided to use housing to regain the income they lost due to the Schwabs and Etrades of the internet age.

You didn’t cause this mess. They did.

Now you are struggling to make the same payments on this mortgage on your now overpriced home even in light of a crashing economy and massive deflation, all while the government does everything in its power to help Wall St. keep the bonuses coming.

Well, it is becoming time to take matters into your own hands… I suggest that you call your lender and tell them if they don’t lower you mortgage by at least 20%, you are walking away. And if they don’t agree, you need to consider walking away.

It probably doesn’t feel right to you.

That is because you probably are a good person. But your mortgage is a business deal, and it is not immoral to walk away from a business deal unless you went in to the deal with the intention of defaulting.

But somehow, even though the corporations are pumped to exercise their new rights, former bankers like Henry Paulson, current ones like Jamie Dimon and — get this — now even Fannie Mae execs want to keep you from exercising your rights.

But before you let them (or anyone commenting below) force you into paying that $500k mortgage on a $300k house, ask them if they’ll push Jerry Speyer into “honoring his obligation” by breaking into his $2 billion personal piggy-bank to keep paying for Stuyvesant Town?

Or how about asking Hank and Jamie to lecture fellow bailed-out CEO John Mack about how “you’re supposed to meet your obligations, not run from them”? Maybe make him use some of his $50+ million for those buildings he bought in San Francisco?

And before shaming and punishing American homeowners, did they nag Steve Feinberg about helping “teach the American people…not to run away” by writing a check out of his billion-dollar pocket to cover all the stiffed landlords and vendors at Mervyn’s? After all, at least you aren’t single-handedly putting 1,100 employees out of work when you walk on your mortgage.

As part of the deal for your house, your mortgage holder gets interest payments from you and they also use the note to your house for their capital reserves. In return, they take the risk of a foreclosure. In many states, you paid extra to have a non-recourse loan where the lender just gets the house back if you stop paying — your interest rate would’ve been much lower if you were held personally liable like a student loan. But if you still feel bad, then donate the money saved to charity instead of to their bonuses. And when someone tries telling you why it is so wrong, here are some answers:

– Yes, it might seem selfish, but you are actually going to help fix our country the right way, through the use of pure capitalism. There are 3 parties involved in your mortgage — the mortgage holders, the servicing bank and you. You probably want to stay in your house. Most of the people who actually own your mortgage also want you to stay in your house, preferring a mortgage reduction that you keep paying instead of the total loss of a foreclosure. But the major banks (BofA, Wells Fargo, JP Morgan, Citi, etc.) that underwrite and service the loans don’t care about either of you. They (with the aid of their government) just care about hiding their true financial condition for long as possible so they can continue to bonus themselves outrageously. The credible threat of you walking away from your mortgage en masse is the only market-based solution that will force these banks to work with the mortgage holders on your behalf.

– No, you will not “hurt” your neighbors — certainly not near the scale of the banksters. Chances are someone just as nice will you will move in and (unlike you) pay a fair, non-inflated price for the house. Encourage your neighbors to fight back against the banks and ask for their own mortgage reductions as well.

– Yes, it might make getting a loan harder for everyone. Considering the spate 0% down NINJA loans over the past decade, that probably isn’t a bad thing.

– Yes, it might hurt your credit. But with time, people bounce back from having foreclosures on their record. Search online and then talk to a lawyer about the repercussions, which vary by state.

– No, the banks won’t necessarily pass the losses on to customers. They already make a lot of money. If costs are passed on to every consumer without banks competing on price, that’s a sign of illegal collusion or a monopoly. Let’s fix that instead of just letting banks ruin our lives. They might, however, not all make $145 billion in bonuses next year doing something fundamentally so easy that it is an unpaid job in Monopoly.

Meanwhile, our captured government has made it clear that they want to further reward these banksters because there are clearly better ways to “save” the economy without rewarding those most responsible for the damage.

Instead of claw backs for the past theft and strong financial reform for the future, they choose to cover-up the gross misuse of our tax money, making our country worse by helping the criminals on the backs of the most honest.

But thankfully, in this country we still have the tools to fight back and regain our country. Our vote, our voice, our laws and what we choose to do with every penny we have that doesn’t go to taxes are the benefits of our hard-fought freedom, and in this battle we must use them all to fight back. It’s time for the citizens to once again own this place.

Follow Dylan Ratigan on Twitter: www.twitter.com/DylanRatigan


© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in bogus, foreclosure, foreclosures, walk away, Wall StreetComments (0)

Who will bailout AMERICA when RIOTS BREAK OUT?

Who will bailout AMERICA when RIOTS BREAK OUT?


Hold on tight when it DOES!

Must watch Videos!

[youtube=http://www.youtube.com/watch?v=cgZwcP340Ew]

[youtube=http://www.youtube.com/watch?v=VubN3FCq90w]

[youtube=http://www.youtube.com/watch?v=CBAkPZguP7I]

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The FED CON HEIST: Dylan RATIGAN…Once again Excellent Job!

The FED CON HEIST: Dylan RATIGAN…Once again Excellent Job!


What I want to know is where is Andrea Mitchell? I would LOVE, LOVE to see Mr. Ratigan interview his colleague Andrea Mitchell in a segmant called…”Sleeping with the ENEMY”. She just happens to be married to Greenspan!

Everyone recalls the viral video exposing Lehman Bros. REPo 105 from The Dylan Ratigan show…he is on to something huge…To Be Continued…

 

[youtube=http://www.youtube.com/watch?v=ACm1ntw_4dM]

[youtube=http://www.youtube.com/watch?v=oSpCSzgB4MA]

I made this post below and it is very clear that this is The Greatest Scam/Cartel ever created.

Federal Reserve System…The Creature from Jekyll Island by G. Edward Griffin

LETS AUDIT THE FEDS….Sign Up!!

Posted in concealment, conspiracy, corruption, FED FRAUD, federal reserve boardComments (0)


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