Test AltBib.Com Backup Copy Report Broken Link and Get Redirected To Backup Copy
In a number of big ways, the offline backup
is far inferior to this online version,
but it is there juuust in case we lose
free speech as we know it on the internet.
DATABASE TOTALS:6,082 Reference Links,
with 11,639 Tags/Keywords,
with 68,035 Taggings
AltBib.Com is a free, research database with articles,
documents and videos shining light on interesting topics.
Most links are to significant information 'validated' as 'true' by the Mainstream Media, sometimes buried in the final paragraphs,
which are directly referenced by the Alternative Media/New Media in creating controversial alternative analysis.
So check out some mainstream evidence and see if you naturally end up agreeing with an alternate analysis.
You can pick a tag/keyword/topic or source from the menus above to start wandering the database,
or make more complicated Custom Filters.
Or use the Search bar to type in tags or news headlines to refine your filter.
Please help this resource grow by suggesting new links, and adding tags to or rating links.
More tools launching soon...
Documents are largely from what is referenced by interesting films, Prison Planet/Infowars and the Corbett Report. This database is a quick reference and for your analysis, more independent from others' interpretations. The database includes almost all source documents and articles from these films: Loose Change (Final Cut & 2nd Edition), Fabled Enemies, The Obama Deception, End Game, Martial Law 9/11, American Dictators, Matrix of Evil, Zeitgeist: Addendum, Who Killed The Electric Car?, The World According To Monsanto, Mind The Gap, and 7/7 Ripple Effect.
Click Now for all the details
Showing All 39 Matching Links Found
Tag(s) Selected:Fannie Mae (Federal National Mortgage Association)
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far.
The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the banks for some of the very last (and dreckiest) deals they shoved out the door before the subprime market gave up the ghost.
The various news services are touting this pact at the biggest multi-state settlement since the tobacco deal in 1998. While narrowly accurate, this deal is bush league by comparison even though the underlying abuses in both cases have had devastating consequences.
The tobacco agreement was pegged as being worth nearly $250 billion over the first 25 years. Adjust that for inflation, and the disparity is even bigger. That shows you the difference in outcomes between a case where the prosecutors have solid evidence backing their charges, versus one where everyone know a lot of bad stuff happened, but no one has come close to marshaling the evidence. (Naked Capitalism)
How I woke up to the untruths of Barack Obama: The President's State of the Union address was as weaselly as any politician's could be.
When I happened to wake up in the middle of the night last Wednesday and caught the BBC World Service’s live relay of President Obama’s State of the Union address to Congress, two passages had me rubbing my eyes in disbelief.
The first came when, to applause, the President spoke about the banking crash which coincided with his barnstorming 2008 election campaign. “The house of cards collapsed,” he recalled. “We learned that mortgages had been sold to people who couldn’t afford or understand them.” He excoriated the banks which had “made huge bets and bonuses with other people’s money”, while “regulators looked the other way and didn’t have the authority to stop the bad behaviour”. This, said Obama, “was wrong. It was irresponsible. And it plunged our economy into a crisis that put millions out of work.”
I recalled a piece I wrote in this column on January 29, 2009, just after Obama took office. It was headlined: “This is the sub-prime house that Barack Obama built”. As a rising young Chicago politician in 1995, no one campaigned more actively than Mr Obama for an amendment to the US Community Reinvestment Act, legally requiring banks to lend huge sums to millions of poor, mainly black Americans, guaranteed by the two giant mortgage associations, Fannie Mae and Freddie Mac.
It was this Act, above all, which let the US housing bubble blow up, far beyond the point where it was obvious that hundreds of thousands of homeowners would be likely to default. Yet, in 2005, no one more actively opposed moves to halt these reckless guarantees than Senator Obama, who received more donations from Fannie Mae than any other US politician (although Senator Hillary Clinton ran him close). (London Telegraph)
Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy -- but the feds are doing more to protect them than to prosecute them By Matt Taibbi. Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."
I put down my notebook. "Just that?"
"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."
Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.
This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18.
The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What's more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even "one dollar" just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick "The Gorilla" Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.
"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street," says a former congressional aide. "That's all it would take. Just once." (Rolling Stone)
Grayson Sends Letter Demanding Halt Of Illegal Foreclosures, Calls Out "Largest Seizure Of Private Property Ever Attempted By Banks And Government" The key story from this morning was the Bloomberg report that GMAC Bank had halted foreclosures in 23 states, following disturbing news from last week that rekindled the latent debate over whether servicer banks do in fact own deeds to mortgages on which they foreclose on, and whether the entire foreclosure process is in fact fraudulent (one judge found it to be so, creating a massive headache precedent for the banker community). Yet the company which initially agreed with Bloomberg's version of events, is now retracing and claiming that foreclosures are in fact continuing... with a footnote. (Zero Hedge)
David Rosenberg: You Know You Are In A Depression When... Congress moved to extend jobless benefits seven times, as has been the case
over the past two years, at a time when almost half of the ranks of the
unemployed have been looking for at least a half year.
The unemployment rate for adult males (25-54 years) hit a post-WWII this cycle
and is still above the 1982 recession peak, and the youth unemployment rate is
stuck near 25%. These developments will have profound long-term
consequences – social, economic and political.
The fiscal costs of the depression continue to mount, with the White House on
Friday raising its deficit projection for 2011 to $1.4 trillion from $1.267 trillion.
That gap in the forecast – $133 billion – was close to the size of the entire
budget deficit back in 2002. Amazing.
You also know it is a depression when you find out on the weekend that the FDIC
seized and shuttered another seven banks, making it 103 closures for the year.
What a recovery!
You also know it's a depression when a year into a statistical recovery, the
central bank is still openly contemplating ways to stimulate growth. The Fed was
supposed to have already started the process of shrinking its pregnant balance
sheet four months ago and is now instead thinking of restarting Quantitative
Easing. Of course, we are in this bizarre environment where bank credit
continues to contract – last week alone, bank wide consumer credit outstanding
fell $2.2 billion; real estate lending contracted $9.2 billion; and commercial &
industrial loans slid $5.1 billion.
What did the banks do this past week? They replaced cash with government
securities – the $47.5 billion net buying was the second largest in the past three
years. As the banks find few opportunities to lend – households are either not
creditworthy enough to lend to or are busy paying off debts and companies that
do have any expansion plans have enough cash on their balance sheet to
finance their initiatives – they are likely to use their $1 trillion in excess reserves
buying government and related securities, especially with the yield curve so
steep and the Fed ensuring that it has no intention of taking the 'carry' away for
a long, long time. (Business Insider)
Goldman shares plunge as feds open criminal probe The SEC brought civil fraud charges against Goldman and a trader in connection with the transactions in 2006 and 2007. The agency alleged the firm misled investors by failing to tell them the subprime mortgage securities had been chosen with help from a Goldman hedge fund client, Paulson & Co., that was betting the investments would fail. Goldman and the trader, Fabrice Tourre, have denied wrongdoing and said they will contest the allegations in court. (Associated Press)
Goldman Sachs: Master of the Universe The status applies to all Wall Street giants, none, however, the equal of Goldman, the Grand Master. Like the fabled comic book Superman hero, it's: * faster than its competitors, thanks to its proprietary software ability to front run markets (illegal, but no matter); * more powerful than the government it controls; and * able to leap past competitors, given its special status. (Baltimore Chronicle)
Securitization, Mortgage-Backed Securities, Collateralized Debt Obligations, and Credit Default Swaps From Wikipedia, the free encyclopedia
Securitization is a structured finance process that distributes risk by aggregating debt instruments in a pool, then issues new securities backed by the pool. The term “Securitisation” is derived from the fact that the form of financial instruments used to obtain funds from the investors are securities. As a portfolio risk backed by amortizing cash flows – and unlike general corporate debt – the credit quality of securitized debt is non-stationary due to changes in volatility that are time- and structure-dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches will experience dramatic credit deterioration and loss.[1] All assets can be securitized so long as they are associated with cash flow. Hence, the securities which are the outcome of Securitisation processes are termed asset-backed securities (ABS). From this perspective, Securitisation could also be defined as a financial process leading to an issue of an ABS. (Foreclosure Fraud)
The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again
But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. (Rolling Stone)
Fannie, Freddie cleared to pump $200 billion into market The regulator of Fannie Mae and Freddie Mac on Wednesday eased capital requirements for the two biggest housing finance agencies, allowing them to pump up to $200 billion into the distressed U.S. mortgage market (Reuters)
Government bailout hits $8.5 trillion The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News (San Francisco Chronicle)
Fed Defies Transparency Aim in Refusal to Disclose Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return (Bloomberg)
President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.
Emanuel was not named in the SEC complaint (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having "failed in its duty to follow up on matters brought to its attention." (ABC)
The Guys From ‘Government Sachs’ This summer, when the Treasury secretary, Henry M. Paulson Jr., sought help navigating the Wall Street meltdown, he turned to his old firm, Goldman Sachs, snagging a handful of former bankers and other experts in corporate restructurings (New York Times)
Democrats Mull $300 Billion Stimulus House Speaker Nancy Pelosi is mulling recommendations from several economists that Congress act on an economic-recovery package that would cost taxpayers $300 billion, according to congressional aides, equivalent to about 2% of the country's gross domestic product (Wall Street Journal)
Taking unprecedented steps, the Fed and other major central banks on Monday poured hundreds of billions of dollars of added liquidity into money markets left paralyzed by fears of further bank failures in the United States and Europe. (Wall Street Journal)
The sell off is the largest percentage drop for the S&P 500 since Oct. 26, 1987. It also translates into a $700 billion loss for the day for the S&P, according to Howard Silverblatt, senior index analyst at Standard & Poor's. (CBS, Market Watch)
WaMu is largest U.S. bank failure Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion (Reuters)
cite fear of meltdown. But senators from both sides voice more questions than support.
Sen. Sherrod Brown, a liberal Democrat from Ohio, said calls from his constituents about the plan have been universally negative. He told the story of one constituent who drove to Washington.
"He quite rightly asked why we were rushing to bailout companies whose leaders got rich gambling with other people's money," Brown said.
Brown asked if Wall Street owed the rest of America an apology. Paulson, who served as CEO of Wall Street firm Goldman Sachs for seven years before becoming Treasury Secretary in 2006, pointed at both Wall Street and others for the nation's current crisis.
"There is a lot of blame to go around," Paulson said. "A lot of blame [belongs] with big financial institutions that engaged in this irresponsible lending."
But Paulson also said some blame rests with regulators, rating agencies and others
"people who made loans they shouldn't have made, people who took out loans they shouldn't have taken out." (CNN)
A vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a board member at Goldman Sachs, Gannett Company, Inc., a media holding group, KB Home, a home construction firm, Target Corporation, Temple-Inland, and UnitedHealth Group. (Trans World News)
This database has been loaded 1,793,045 times since May 2009.
FAIR USE NOTICE:
This site contains copyrighted material the use of which has not always been specifically
authorized by the copyright owner. We are making such material available in our efforts to advance
understanding of criminal justice, political, human rights, economic, democracy, scientific, and
social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material
as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107,
the material on this site is distributed without profit to those who have expressed a prior interest in
receiving the included information for research and educational purposes. For more information go to:
http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own
that go beyond 'fair use', you must obtain permission from the copyright owner.
Watch Interesting Films:
Corbett Report Podcasts:
Interesting 
Not Interesting 
Add Another Tag/Keyword To Link
Test AltBib.Com Backup Copy
Report Broken Link and 
AltBib.Com is a free, research database with articles,
documents and videos shining light on interesting topics.
Most links are to significant information 'validated' as 'true' by the Mainstream Media, sometimes buried in the final paragraphs,
which are directly referenced by the Alternative Media/New Media in creating controversial alternative analysis.
So check out some mainstream evidence and see if you naturally end up agreeing with an alternate analysis.
Fannie Mae (Federal National Mortgage Association)
Top Tags: 100 Keywords
Top Tags: 100 Groups
Top Tags: 100 People
Top Tags: 100 Locations
Most Recently Posted Links
Facebook Recommendations & Activity
Customize From Full List
United States 
Terrorists 
9/11 
George W Bush 
Barack Obama 
US Congress 
United Kingdom 
Central Intelligence Agency 
Federal Bureau Of Investigation 
Privacy 
Al-qaeda 
Military 
Police 
Financial Crisis 
White House 
Osama Bin Laden 
Iraq 
Internet 
Canada 
Climate Change 
Afghanistan 
Pentagon 
United Nations 
China 
European Union 
Wikipedia 
New York Times 
BBC 
CNN 
Associated Press 
Washington Post 
London Guardian 
London Telegraph 
Reuters 
The Raw Story 
FOX 
UK Daily Mail 
Bloomberg 
London Times 
CBS 
Prison Planet 
ABC 
Wall Street Journal 
Huffington Post 
Agence France-Presse 
MSNBC 
World Net Daily 
CSPAN 
The Register 
CBC 
Suggest Document Link
Web Site Feedback
Search: 
:
