JtR Cracks on Greenspan

by | Dec 1, 2011 | About the author, Bubbleinfo TV, Market Conditions | 8 comments

Here’s the documentary done by the Finnish television crew – look for a certain part-time blogger during the 5:30-7:30 period, and at the 8:20 mark:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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8 Comments

  1. Jim the Realtor
    Jim the Realtor on December 1, 2011 at 10:08 am

    Remember the whistleblower who was found dead the other day? From Naked Capitalism (ht to jpinpb):

    Update: Holy moley, the initial press reports omitted the key fact: it was Lawrence who turned Nevada Attorney General Catherine Cortez Masto on to two mid level LPS employees who face up to 30 years in jail each if found guilty. From MSNBC:

    Lawrence came forward earlier this month and blew the whistle on the operation, in which title officers Gary Trafford, 49, of Irvine, Calif., and Geraldine Sheppard, 62, of Santa Ana, Calif. — who worked for a Florida processing company used by most major banks to process repossessions — allegedly forged signatures on tens of thousands of default notices from 2005 to 2008.

    Trafford and Sheppard were charged two weeks ago with 606 counts of offering false instruments for recording, false certification on certain instruments and notarization of the signature of a person not in the presence of a notary public. You can read a .pdf version of their indictment here.

    Our post on this case, which includes the indictment, is here:

    http://www.nakedcapitalism.com/2011/11/nevada-attorney-general-masto-files-606-count-criminal-indictment-against-two-title-officers.html

    Needless to say, this puts a very different complexion on things..

    http://www.nakedcapitalism.com/2011/11/woman-facing-sentencing-for-foreclosure-fraud-admitted-to-preparing-tens-of-thousands-of-fraudulent-documents-for-lps-found-dead.html

  2. afx114
    afx114 on December 1, 2011 at 10:14 am

    Any translators available?

    Also, +1 for the Aphex Twin.

  3. anon
    anon on December 1, 2011 at 10:26 am

    How about this view, instead of statements like:

    “XZY failed to do this…or They failed to do that…or Greenspan should have seen it coming” etc etc….

    Just for one moment, pretend that everything that has happened (and is happening) was intentional. Orchestrated. (Brings new meaning to the Greenspan’s nickname of the Maestro)

    If you just sit back and think for a moment…so much of what has happend makes TOTAL sense if you hold the postion that is was intentional and orchestrated.

  4. shadash
    shadash on December 1, 2011 at 1:33 pm

    Jim,

    Keep selling the truth. Eventually people will buy it.

    Anon,

    You’re likely more correct than you know. Think about it…

    If you owned a bank and wanted to completely control everyone around you. The first thing you do is offer low interest rate loans to get everyone hooked on your product. Then once everyone is hooked offer select borrowers WITH POWERS TO LEGISLATE a reprieve if they tilt the game in your favor. Lather, rinse, and repeat several thousand times and you have the modern banking industry. Notice also that this (more than anything) is why banks aren’t allowed to fail. (ie. bailed out)

  5. anon
    anon on December 1, 2011 at 3:17 pm

    Shadash

    I think the internet is the create equalizer in all of this. Thats why The Powers That Be need (and will) get control over the net so guys like JTR can’t call it like it is.

    Just the mainstream sites like Mish and CalcuRisk are blowing holes in whatever govt scheme is attempted…..this would not have happened in 1990.

    Bubbleinfo is feet on the ground reporting….real reporting. At first you may laugh but what JTR is doing is real journalism at its finest.

  7. Timo
    Timo on December 1, 2011 at 7:37 pm

    Hey Jim, now you are a true global ‘go-to’ man in real estate bubble! I checked the video as I am a Finn but it was so swedish I couldn’t understand much, only your interview and the pictures 🙂 It seemed to be a collaborative documentary by Scandinavians and Finns, basically presenting in laymans terms what happened during 2005-2008 bubble in banks, investing and housing markets and how it effected people all over the world.

  8. MF Global
    MF Global on December 1, 2011 at 10:01 pm

    Am I the only one to notice that the woman interviewed directly before JtR works (err, worked) at MF Global?

    Things are still blowing up left and right and we’re three+ years into this mess already. 🙁

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