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RoboSigning For Idiots (More Cartoons)

Tyler Durden's picture




 

With even dummies being fully aware what the robosigning scandal means for the housing sector and for home prices in general, Reuters has released "Everything you need to know about...  The Foreclosure Freeze." The 10 simple cartoons should explain what robosigning means to even the most staunchly Adderall-addicted segments of US society.

Via Reuters:

h/t William Banzai 7

 

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Mon, 11/15/2010 - 15:51 | 728184 Cognitive Dissonance
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I didn't know a robo-signer was a mid-level bank employee? So Crystal "Mona Lisa" Moore was a mid level bank employee? Which branch of what bank? I'd like to personally visit to say "Thank you" for the entertainment she provided America.

And the last panel claiming all this unfortunate foreclosure business was delaying the housing recovery for another year is just priceless.

Mon, 11/15/2010 - 15:55 | 728191 williambanzai7
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Mon, 11/15/2010 - 16:06 | 728215 His Dudeness
His Dudeness's picture

Did William Shatner host the pageant?

$#*! The Fraudclosure Contestants Say!

 

Mon, 11/15/2010 - 16:14 | 728236 Cognitive Dissonance
Cognitive Dissonance's picture

I heard a cute one the other day.

Why do we elect our politicians on how they look and our beauty contestants on what they say?

Mon, 11/15/2010 - 16:23 | 728252 Agent P
Agent P's picture

Your newest 2012 Presidential candidate...

http://www.youtube.com/watch?v=lj3iNxZ8Dww 

Mon, 11/15/2010 - 16:35 | 728277 Aristarchan
Aristarchan's picture

Contrarian sociology.

Mon, 11/15/2010 - 16:36 | 728283 Aristarchan
Aristarchan's picture

Which, I guess...makes Sarah Palin main-stream?

Mon, 11/15/2010 - 16:51 | 728339 Cognitive Dissonance
Cognitive Dissonance's picture

She will most definitely bend over backwards to get elected. So I guess not only is she qualified, but flexible as well.

Mon, 11/15/2010 - 16:54 | 728355 His Dudeness
His Dudeness's picture

And our former athletes on how they dance?

Mon, 11/15/2010 - 16:32 | 728268 Aristarchan
Aristarchan's picture

And makes extra cash on the side as a Pen-Fluffer.

Mon, 11/15/2010 - 16:54 | 728350 Bartanist
Bartanist's picture

Did a "spit-check" on that one.

... and when i see these pictures, I always think "she's somebody's daughter"... and very talented, or at least flexible.

Mon, 11/15/2010 - 17:05 | 728405 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

william, i need to speak to you  as soon as possible about a matter occuring to me early this morning. did you have anything to do with it? and again, it is not 4PM where i am.

Mon, 11/15/2010 - 17:45 | 728560 williambanzai7
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I am 99.9% sure I didn't do it--Dick Fuld 

Mon, 11/15/2010 - 17:49 | 728573 Aristarchan
Aristarchan's picture

I don't know, Willie....you sound guilty as hell:)

Mon, 11/15/2010 - 18:24 | 728634 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

that is what they said about my IUD. 99% sure. lucky me, i am in the 1% tile.

you probably are 2, william.

Mon, 11/15/2010 - 19:45 | 728854 Aristarchan
Aristarchan's picture

Well...WB, that is pretty suggestive....what are you, Amigo, some kind of transcendental Incubus?:)

Mon, 11/15/2010 - 18:40 | 728672 Ripped Chunk
Ripped Chunk's picture

Oh, my back.

Mon, 11/15/2010 - 16:44 | 728305 Tortfeasor
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Not delaying the "recovery", delaying the "crash"...as in delaying new inventory coming onto the market, further depressing prices.

Neighborhood I'm looking at buying in has 3 REOs (including one Fannie owned).  None are on the market.

Sat, 11/20/2010 - 22:53 | 743706 Rhodin
Rhodin's picture

Crystal Moore is a robo-signer employee of Nationwide Title Clearing in Florida.  She usually signs as a vice president of the financial entity involved, so far i have not found her listed as an officer in any of them.  She is still at it, and it is not limited to fraudclosures.  Banks are also hiring them to do refi's and payoffs.  Even if you buy a home from an owner who payed off their mortgage you might not have valid title.  I know this because it happened to me this month.  A conservative New England credit union decided to cut their paperwork costs and the payoff clearance was robo-signed by Crystal Moore.  Currently i am wondering how our state attorney general will respond.

My take away thought is:  Why pay your mortgage at all??.. if you get a fraudulent clearance document at payoff??

edited for typos and clarity

Mon, 11/15/2010 - 15:50 | 728185 VK
VK's picture

Nothing to see here, The Banks and Obama will retroactively sign a new law into existence that all that the major Banks do is legal from now on in. Constitution be damned.

Mon, 11/15/2010 - 16:01 | 728205 Don Smith
Don Smith's picture

+1776

Mon, 11/15/2010 - 20:41 | 729034 Gone Full Retard
Gone Full Retard's picture

What is this [+1776]? I'm seeings it all over this website? Can someone please explains?

This fraudclosure seems pretty simples? Just make your mortgage payments and all will be wells?

Mon, 11/15/2010 - 23:19 | 729454 New_Meat
New_Meat's picture

Retard, of course you are right.  It might be 1789, or April 19, 1775 "hardly a man is now alive."

Explain?  Try John Locke "Second Treatise of Government." e.g.

http://www.scribd.com/doc/93360/John-Locke-on-Property-Rights.

Contrast with recent GM and Chrystler bond "dispolitions."

Good luck,

- Ned

 

Mon, 11/15/2010 - 17:11 | 728424 Milestones
Milestones's picture

Well it's going to have to be a bodacious law. Article 1 Section 10 prohibits states from Ex Post Facto law as does Article 1 Section 9 (3) for the Feds. Further Article 1 Section 10 prohibits states from "impairing the obligations of Contracts" so it appears that Contract law TRUMPS Statute law.

It's going to be interesting to see what these pukes try and run up the Flagpole.  Milestones

Mon, 11/15/2010 - 23:20 | 729458 New_Meat
New_Meat's picture

But it appears that Ruth Ginsberg TRUMPS all of the above :-(

- Ned

Mon, 11/15/2010 - 23:31 | 729537 StychoKiller
StychoKiller's picture

Good thing she was replaced by Kagan then! :(

Mon, 11/15/2010 - 16:24 | 728253 Miss Expectations
Miss Expectations's picture

And it all ends with RoboSigning Judges.

 

Mon, 11/15/2010 - 18:29 | 728644 slyhill
Mon, 11/15/2010 - 16:34 | 728256 Aristarchan
Aristarchan's picture

I am still confused:)

Mon, 11/15/2010 - 16:49 | 728327 Cognitive Dissonance
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Out of a US population of 350 million, that makes 346.5 million of us.

The top 1% are not confused in the least.

Mon, 11/15/2010 - 16:55 | 728363 His Dudeness
His Dudeness's picture

Nor the bottom 1%.

Mon, 11/15/2010 - 19:33 | 728825 The Alarmist
The Alarmist's picture

What, 40 million new illegals entered last year??? The number is closer to 310 million.

 

Mon, 11/15/2010 - 20:19 | 728965 Aristarchan
Aristarchan's picture

Ah hell...maybe it is just time to throw up our hands and just give them back the damn place. After all, we pretty much stole it from Spain and France, who stole it from the Indians, and yeah, we stole some from Mexico too, after that place was stolen by the Spanish. The Brits enter in there as "kinda" us...

Why don't we just admit with a sigh and a wry smile that this experiment with Democracy has pretty much failed...Oh it might have worked, but the Fraudistas, the Banksters and the numb-nut politicos drove the fucking thing off the rails like a bunch of drunk mountain gorillas trying to drive a Formula One Ferrari around dead man's curve in a blinding snowstorm.

Or, I guess we could just let thing keep going as they are...let the Federalistas print as much money as they want, let the Politicos protect them, and just tell all the other shitty countries in the world that we can run the presses hard enough and long enough to blow their interest rates out and purchase enough of our own weapons to blow them to hell if they don't fucking like it.

Of course, we don't want to give it back to Spain or France - they are broke, and fuck England. Maybe we could give it back to Mexico...they have ALWAYS been broke, so kinda know how to deal with it. No, hell, lets give it back to the Comanches, Apaches, Sioux, and all the other tribes. At least then, we can get rid of that great casino in New York, and let the original owners of this place build a casino in every neignborhood....the odds are better and the management would be more trustworthy.

Mon, 11/15/2010 - 20:42 | 729036 GoinFawr
GoinFawr's picture

No offense intended: but technically democracy didn't fail us, we failed etc. etc.

What was the reasoning behind that piece of writing that guaranteed all Americans the right to arm bears, or whatever it was again?

In Canada they entrenched Euro-immigrants won't  need to be forced to 'give it back' anyway, if democracy holds on for much longer up there; demographically the first nations are on track to simply outnumber all the pointy nosed whitemen left.

WTF, not like it could be any worse, likely be an improvement in some ways at least.

 

Mon, 11/15/2010 - 21:30 | 729155 Aristarchan
Aristarchan's picture

"Our" experiment with democracy has failed. If democracy and capitalism means that the populace is legally subject to the effects of totally unbridled greed, then it has failed...if you prefer, we have failed it. But, maybe these kinds of problems are inherant in a democracy. I don't know.

Mon, 11/15/2010 - 16:55 | 728361 Bartanist
Bartanist's picture

Seems to be a "slight" bias, eh?

And this is where the $300+ million of us get our news?

Mon, 11/15/2010 - 17:09 | 728419 Aristarchan
Aristarchan's picture

"Foreclosure experts" with no legal training in foreclosure law? Do you need that kind of specialized schooling to sign your name? It reminds of a job I had many years ago digging ditches in West Texas....I received absolutely no training as a "subterranean Trench Technician." Some big guy with cowboy boots and a moldy cigar handed me a shovel, told me to start "here," dig a ditch 3-feet deep and shovel wide in "that" direction untill I wore the shovel out...then check back with him.

Mon, 11/15/2010 - 17:18 | 728459 Dburn
Dburn's picture

Kind of like the " Petroleum Transfer Engineering" job I had at Mob owned Gas station in 73-74. Funny, everyone is rationing gas at $3.00 a car, Standard, Shell, Marathon, but we have unlimited fill ups with two tankers on standby. "How do we  do it", I asked. The 23 year old manager making 100G a year in 1973 dollars looked at me and just pushed his nose over.

 

See at one time you could make some serious money not working on wall street.

Mon, 11/15/2010 - 17:23 | 728482 Aristarchan
Aristarchan's picture

Yeah...my ditch digging career spanned the early '70's.....but when I hired on, the boss took one look at my skinny ass and made an intelligent economic decision to pay me by the foot instead of by the hour.  I didn't make any money, but I learned a lot about economics on that job.

Mon, 11/15/2010 - 17:53 | 728580 trav7777
trav7777's picture

The entire system is full of nothing but fraud at every level.

We are a nation with fraudulent beliefs

Mon, 11/15/2010 - 19:36 | 728831 The Alarmist
The Alarmist's picture

Yeah, I got that on my last business trip to the States, when standing at the rental car desk I decided to read the contract while the manager kept repeating "Just sign here." The more he said it, the more I felt the need to read the fine print. The rot pervades from top to bottom.

 

Mon, 11/15/2010 - 20:00 | 728912 Aristarchan
Aristarchan's picture

Well now...in this country, my friend, you are not suppossed to "read" contracts, just abide by them. If people start actually reading contracts, and understand how binding contract law is, then Jesus Christ....how will anybody be able to commit legal fraud? And, where the hell will that put our economy?

Mon, 11/15/2010 - 23:23 | 729485 New_Meat
New_Meat's picture

Experiment time!

Get a magnifying glass and one of your checks.  Look at the "line" where one signs the check. wtf?

Extra credit: what does it say repeatedly in 0.00001 pt font?

- Ned

Mon, 11/15/2010 - 23:37 | 729557 StychoKiller
StychoKiller's picture

My magnifying glass doesn't magnify it enough, just what does it say?

Sat, 11/20/2010 - 23:04 | 743756 Rhodin
Rhodin's picture

Well apparently living persons are bound by contracts and "corporate persons" get to renege at will. 

Mon, 11/15/2010 - 23:38 | 729567 own (not verified)
own's picture

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Tue, 11/16/2010 - 00:14 | 729771 HungrySeagull
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Authorized signature over and over again. That is about the smallest letters I have ever seen under magnification to the 4th power at the workshop and it is on all my different checks too.

Tue, 11/16/2010 - 00:25 | 729799 Aristarchan
Aristarchan's picture

Ah...its just a watermark so the check suppliers can drive up the price in the interests of "security." If you think that is something, you ought to check out what the floaters in your eyes say. I finally got smart and had mine filmed in digital slo-mo then reconfigured at Caltech on a Thinking Machines Supercomputer. I was hoping for some deep insight into philosophy or religion or maybe even Quantitative finance, but no, the message was no surpise, it just kept repeating "your fucking doomed" over and over again. No fucking insight there.

Tue, 11/16/2010 - 02:45 | 730012 HungrySeagull
HungrySeagull's picture

One of the most back breaking jobs I have ever learned about is the one at the US Mint. Etching Money before sending the dies to go make money. But wait! You gotta draw it first!

Seeing that people can only do this task so long before they are replaced, is it not possible that the workers can be themselves replaced by simple binary code in your bank account with it's perfect clarity in numbers in dollars and cents.

Maybe even our very bones we may yet carry a stamp "Authorized Live Birth" that might be issued to all US Citizens. LOL.

Tue, 11/16/2010 - 06:16 | 730134 reinhardt
reinhardt's picture

the biggest threat to the top.. is the middle

Sat, 11/20/2010 - 15:36 | 743332 Horatio Beanblower
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Test

Sat, 11/20/2010 - 15:40 | 743342 Horatio Beanblower
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test

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