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Profile Information

Gender: Female
Hometown: Washington state, for half my life
Home country: USA
Current location: SW Alabama. for the rest of my life
Member since: Wed Feb 27, 2008, 02:09 PM
Number of posts: 59,238

About Me

Retired Mental Health/Sub. Abuse therapist, happily moldering in "Maycomb", 2 notches from the buckle of the Bible Belt. One cat away from crazy.

Journal Archives

Wheeeee...Investors Scrutinizing JPMorgan’s Mortgages

Lawyers representing investors that settled billions of dollars of mortgage bond claims with Bank of America last summer announced on Friday that they had opened investigations into $95 billion worth of mortgages held in JPMorgan Chase securities.

The investors are concerned that there were mortgages put inside those securities before the housing bubble burst that were subpar from the beginning, and they are investigating whether JPMorgan should repurchase those loans.

JPMorgan is among the banks with the most mortgage-related litigation and claims, having inherited much of its exposure from its acquisitions of Bear Stearns and Washington Mutual, which both ran into trouble partly because of troubled mortgages. Of the 243 mortgage bonds at JPMorgan that the investors are targeting, at least half were created by Bear Stearns or Washington Mutual.

Monday's Bank stock prices...

I don't invest at all, I just love to watch the cracks spreading in the banking edifice.

Bank of America Corporation Com
(NYSE: BAC )....................................................52wk Range: 4.92 - 15.31

Citigroup, Inc. New Common Stoc
(NYSE: C )........................................................52wk Range: 21.40 - 51.50

Goldman Sachs Group, Inc. (The)
(NYSE: GS ).....................................................52wk Range: 84.27 - 175.34

JP Morgan Chase & Co. Common St
(NYSE: JPM )...................................................52wk Range: 27.85 - 48.36

Morgan Stanley Common Stock
(NYSE: MS )....................................................52wk Range: 11.58 - 31.04

Wells Fargo & Company Common St
(NYSE: WFC ).................................................52wk Range: 22.58 - 34.25

The Encyclopedia of Science Fiction goes online!


"After twenty years of hard work, the Encyclopedia of Science Fiction website has recently gone live.
It's an online database containing thousands of entries for all things Sci-fi, and a great place to read all about your favourite authors, characters, themes, and everything else."

MF Global trustee seizes investor's gold and silver boullion, too.

"The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold "warehouse receipts" to prove it—they'll have to forfeit 28% of the value."

Plus, owners could not sell their metals before the market for them went down
they still have to pay storage fees!

The best link I have to this latest outrage is here:

edited to add:

Denninger's comment is this:

"NO -- and I repeat NO -- property held allegedly for your benefit by any third party anywhere is safe under this "theory" of the bankruptcy trustee. Yes, this includes something so simple as the money on deposit in your bank account."


I can declare victory over one corp's attempt to rip me off ( for now, anyhow)

We have DSL and landline service from Frontier
( you might remember they gobbled up Verizon and now are having digestion problems).

As of August they were deregulated in this state.

Every month since August the fixed price portion of my bill has been different,
plus there is always a new charge hidden away somewhere.
And I am supposed to be on a contract.
Every month I have had to call and argue about the incorrect charges, jump thru the hoops.

Last month I asked the Rep to spell her name and mentioned that I was posting, as we talked,
my call to The Consumerist online, and to Broadband DSL Report, on line.
The minute I said that, she turned me over to a "Resolution Specialist", who dropped the overcharges.

Today the bill came, with a 6.99 "modem fee" .
This fee is causing a HUGE stink across the country.

Frontier Gouges Customers With New, Mandatory Modem Fee (Even If You Own Your Own)
[DSL] Modem Support Fee

When the Rep flatly stated she did not have the power to change the fee,
I said, "no problem, I will email the Regional Manager who lives down the road from me"
( he does, I have his email and happen to know he won a PR award recently.)
She immediately volunteered that I could talk to a "Resolution Specialist"
and when I got HER, I told her I was posting the outcome of our "resolution" to a nationwide community website.
So here is is, my posting.
Outcome :

I will pay 7.00 less this month than I NORMALLY pay, and the controversial modem fee is supposed to be taken off the bill permanently.

but, I know they will come up with some other fee to take its place,
more likely there will have to be another phone call next month.

Sadly, out here in the sticks, there is Frontier and there is Media Com, for internet service.

"Anyone who stands in the way of American interests will be arrested"

From Beyond The Green Zone-
forward by Amy Goodman

In 2003, Dahr Jamail was an unembedded reporter in Iraq.
He saw and photographed things that the MSM reporters never reported on.

If you want the REAL story of what happened in Iraq before, during and after 2003, this book is a must read.
The above quote is by an American soldier who explained why the American military invaded a boys school.
Seems the young boys had thrown rocks at a Humvee and were planning a Pro-Saddam protest march the next day.
So the Army took tanks,helicopters, Humvees and a bunch of men, locked down the school and arrested the boys.

Extremely readable book, and one of the very few I will be keeping.
I highly recommend it, and since it is not a brand new book, it should be had for a good price.

I had said for years when reading of our mis adventures in Iraq that many of the tactics and tools used against Iraqi citizens there would be used against us: bio-metrics, sound cannons, etc.
And now OWS has shown how true the statement is:
"Anyone who stands in the way of American interests will be arrested"

Anyone interested in John Corzine/MF Global hearings, here are links:

3 hearings have been so far
and one is to be held today.

the 3 already held were at the Senate Committee on Agriculture, Nutrition and Forestry, on the 13th.
Videos are of all 3 of the panels:
Part 1
Part 2
Part 3

each video is approx 1.5 hours, give or take

The 4th hearing should be up on video this weekend, I hope, perhaps Monday.
Here is the Cspan Info.

New version of AD Block justifies allowing *some* ads onto your computer.

I just updated Ad Block and found this circular argument they use to justify letting some ads waltz right past any blocks:
It is to make the web a better place!!!

Get this:

Why is this feature enabled by default?

Because that's unfortunately the only way to reach the goals outlined above.
If we ask users to enable this feature then most of them won't do it —
simply because they never change any settings unless absolutely necessary.
However, advertisers will only be interested in switching to better ways of advertising if the majority of Adblock Plus users has this feature enabled.

But I hate all ads!
No problem, you can disable this feature at any time.
Click the Adblock Plus icon and choose "Filter Preferences" from the menu.
Uncheck "Allow non-intrusive advertising" and you are done.

Then follows promises of even MORE ads in the future!


Welcome to the Economy Group! Pls read if you are new here.

Our intention is that the group is welcoming to all, inclusive to differing points of view on
topics covering national/international issues related to and affecting our personal and collective economic well being.

To the right of the Blue "Post a Thread to this Group" button is a lighter blue button that says "About This Group"
Clicking on it will describe the host moderation functions and identify the current hosts of the group.

Come on in, pull up a chair, the more the merrier.

Alabama politician Bill Johnson caught in sperm donation scandal in New Zealand

X posted from GD:

Bill Johnson, a former top state official who made a failed bid for governor in 2010, has been living a secret life in New Zealand as a sperm donor for lesbian couples, a New Zealand newspaper reported today.

Johnson, a Republican from Prattville, has spent much of the past year in Christchurch, New Zealand, as a contractor working on the recovery effort from a deadly earthquake that struck the city in February.

The New Zealand Herald reported in its Sunday edition that Johnson, who is married, has been using an alias to meet women who want help getting pregnant. The newspaper said it confirmed at least nine women had received sperm donations from Johnson, and at least three were pregnant.

The newspaper cited fertility medicine specialists in New Zealand who said that donors should not make sperm available to more than four families, to prevent accidental incest and lessen the stress donors and children face if they meet.

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