The Logic of Wall Street “Securitization:” The transaction that never existed

I believe it is time for an anti banking terrorist grant. What do you think?
Grants & FundingCurrent Funding Opportunities

This is a list of all discretionary grant opportunities currently available from OVC. To learn about available grants to support direct services to crime victims through OVC’s formula grant program, contact your state Victim Assistance Program.

For information about OVC’s FY 2012 discretionary grantees, view OVC’s searchable table.

FY 2014 Antiterrorism and Emergency Assistance Program for Crime Victim Compensation and Assistance (PDF 229 kb) 
Application Deadline: Open 
The Antiterrorism and Emergency Assistance Program (AEAP) is a mechanism by which the Director of OVC may award supplemental crime victim compensation and assistance to respond to an act of terrorism or mass criminal violence. (The criminal act has to be of sufficient magnitude that it overwhelms the affected jurisdiction’s or program’s ability to respond to the event. ) This is a restricted solicitation because the program is intended to respond to specific cases of terrorism and mass violence. Only after OVC has consulted with an eligible organization can an application be submitted. Please contact Eugenia Pedley at eugenia.pedley@ojp.usdoj.gov or Barbara Robertson at barbara.robertson2@usdoj.gov for more information.
**The criminal act has to be of sufficient magnitude that it overwhelms the affected jurisdiction’s or program’s ability to respond to the event. *****

Please make sure my name is on this one!!

Lynda

Livinglies's Weblog

The logic of Wall Street schemes is simple: Create the trusts but don’t use them. Lie to everyone and assure everyone that Trusts were used to “securitize” loans. The strategy is so successful and the lie is so big and has been going on for so long, that most people believe it.

You see it in the decisions of the appellate courts who render opinions like the recent 3rd district in California which expresses the premise that the borrower was loaned money by the originator. Once you start with THAT premise, the outcome is no surprise. But start with reverse premise — that the borrower was NOT loaned money BY THE ORIGINATOR and you end up with a very different result.

We could assume that Wall Street is reckless in lending money. They can afford to be reckless because they are using investor money. And, so the story goes, the…

View original post 2,405 more words

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