BANK ON IT...

"There is no satisfaction in hanging a man who does not object to it."
GB Shaw
at the Old Bailey in old London, where they hung pickpockets among others, pickpockets were known to work the crowd of slack jawed onlookers,sigh.

aloha 2u,
no i have not totally given up in abject despair/repair?.Yet.
got 3 months of NETFLIX from G Man for X mas, that sweetie,
so i may blog less often..... good news?

A$$ET$
one upon a time i usedta respect CNN as a legit MSM news source,
not trust it so much as a grudging respect,despite Larry King et al.
what drove me to write today is the propaganda they are spewing
this ayem about "can we say we've seen the last of this Double Dip Recession talk?"

burried on the Biz pages of the local fishwrap today
is a story that will or might be the unraveling of this whole Toxic Assests ball of twine.
O WISE HOWARD sent me a heaDS UP
A FEW WEEKS BACK AND THIS REINFORCES HIS WISDOM.
a Mass Supreme Court ruled 6-0 against Wells Fargo and another bank
by declaring their foreclosures illegal.

a precis of the problem

something was created in the 90s
to facilitate the whole Toxic Assets Credit Default Swap Ponzi scheme
it was called MERS, basically it was a digital mixer mash-up wastebasket,
replacing the tedious traditional  local oriented land registry .
so good and bad and ninja mortgages
were mixt together then repackaged and sold to suckers/investors/other banks
with bogus Moody ratings of Grade A yada yada yada.

in a Crime Scene a CHAIN OF EVIDENCE must be maintained to go to trial
ditto foreclosure, Wells Fargo claimed its right to foreclose despite the fact MERS had scrambled any content of the original mortgage, WF dis not own the mortgage PER SE merely a claim to said mortgage,
basically a fancy IOU.this sets up a Legal Precedent to fight
EVERY Foreclosure that is MERS related, possibly ALL of them.:)
this will go up the ladder to the Supremes of course but still...
while this holds up it offers a ray of hope except that 2 BIG 2Fail will
probably crumble leaving our corrupt and over reaching banking system where exactly? SIGH.

BTW speaking of looming disasters, word of mouth has it that
incoming Guv Jerry LEAN & MEAN Brown wants to cut another 12%
from the budget of agencies relating to the elderly, blind and disabled
this on top of prior cuts by Guv Groper HUGE DEFLATING SIGH.

BTW2  Coral Reef, scalar tech? on the mysterious bird deaths and fish kills?
frankly when i read the math details of Scalar Tech it makes my head hurt,
but methinks i
t might be possible?