We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Thursday, January 13, 2011

Gold raid temporarily rebuffed, silver falls slightly..then huge raid in the access market.

Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks

Four Financial Farces… All of Which Will End in Disaster

Bailouts Postponed, But Can't Prevent the "Greatest Depression," Gerald Celente Says.

"Our Savings Have Vanished - We've Lost Everything"

EMU Debt Crisis Edges Ever Closer To The Core

Inflation Flies Up, Up, And Away

Downsized! More and More Products Lose Weight

JPMorgan: Surging Food Prices Fueling Global Inflation

Jim’s Mailbox

Posted: Jan 13 2011 By: Jim Sinclair Post Edited: January 13, 2011 at 6:50 pm
Filed under: Jim's Mailbox

Jim,
It looks like you were right, "Make Fraud Legal."
CIGA Pabste

Fed Moves To Gut Predatory Lending Regulation First Posted: 01- 4-11 04:57 PM | Updated: 01- 4-11 05:16 PM
The Federal Reserve is pushing a new mortgage regulation that would effectively eliminate the most powerful federal remedy for predatory lending.
The regulation would severely limit a practice called "rescission," used to strike down demonstrably-illegal or fraudulent loan contracts and void a bank’s ill-gotten gains from such predatory lending practices. When a mortgage borrower wins a rescission case in court, the bank loses the right to foreclose, and has to give up all profits from interest and fees on the loan. The borrower still has to repay the principal — the original amount of money extended by the bank — but can’t be kicked out of the house.
Under the Fed’s new proposal, however, borrowers would be required to pay off the balance of the loan before the bank loses its right to foreclose — that means borrowers could still lose their homes, even in cases where banks have broken the law.
Unsurprisingly, banks support the move, but consumer advocates say this would essentially make rescission worthless to borrowers.
More…