AWARENESS is seeing what is in front of your nose

Posted on August 10, 2013 by RonMamita — 12 Comments

“WHAT IS GOING ON?”

AWARENESS begins with being conscious of what is noticeable, then even more becomes visible…

In very plain terms: Series of Financial Breakdowns Leading To Crisis

The USA had a systemic breakdown in 2007
2008 the breakdown became VISIBLE as a crisis
2010 Europe started to fracture…
2011 more breakdown and QE was instituted
2013 the gold price suppression on steroids
Each year more financial criminality & breakdown was revealed:
Lehman Bros, Bankers’ Mortgage liar loans, “Robo-Signing” fraud, LIBOR scams, Credit Default Swaps, Cyprus 1st of G-SIFI Bail-in policy implementation, FOREX, Energy price manipulation, aluminum price manipulation, mass surveillance, and more…

Law360, New York (August 05, 2013) – An investment entity with ties to the Belgian government sued Deutsche Bank AG in New York state court Monday alleging the bank fraudulently induced it to buy more than $535 million worth of residential mortgage-backed securities that are now “essentially worthless investments.”
Royal Park Investments SA/NV said Deutsche Bank failed to disclose in offering documents that, among other things, by the time it sold RPI the last certificate in early 2007, it had taken a $4 billion to $5 billion short position in the MBS market, “essentially… – http://www.law360.com/securities/articles/462718/deutsche-bank-hit-with-fraud-suit-over-535m-rmbs-sale
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A recent study confirmed that control fraud was endemic among our most elite financial institutions: Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market. Tomasz Piskorski, Amit Seru & James Witkin (February 2013) (“PSW 2013”).

The key conclusion of the study is that control fraud was “pervasive.”

[A]lthough there is substantial heterogeneity across underwriters, a significant degree of misrepresentation exists across all underwriters, which includes the most reputable financial institutions. – William Black

About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz