<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Meth an Accepted Aid in Loan Processing at WaMu</title>
	<atom:link href="http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html/feed" rel="self" type="application/rss+xml" />
	<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html</link>
	<description></description>
	<lastBuildDate>Mon, 23 Nov 2009 02:08:55 -0500</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Jojo</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30657</link>
		<dc:creator>Jojo</dc:creator>
		<pubDate>Mon, 29 Dec 2008 05:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30657</guid>
		<description>Meth?  Too many side effects and dangerous to procure.&lt;br/&gt;&lt;br/&gt;The speed drug of choice these days seems to be Ritalin.  And you can get a script from a doctor or buy over the net.</description>
		<content:encoded><![CDATA[<p>Meth?  Too many side effects and dangerous to procure.</p>
<p>The speed drug of choice these days seems to be Ritalin.  And you can get a script from a doctor or buy over the net.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: doc holiday</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30645</link>
		<dc:creator>doc holiday</dc:creator>
		<pubDate>Sun, 28 Dec 2008 18:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30645</guid>
		<description>Don&#039;t forget to add in the army of realtors who had a grand time showing a massive supply of hot properties to drug dealers and driving them around to successive McMansions (in SUVs), as they blew smoke rings into the hazy eyes of the American Dreamers   --  and then took the money, as they ran to the next victim.&lt;br/&gt;&lt;br/&gt;The no-doc loans and free-for-all mutual benefit subprime orgy was a match made in heaven for all these pimps and whores that depend on the lack of control from lenders that help provide services for laundering drug money.  The home building mafia obviously loved being part of the network of collusion that connected them to a tsunami wave of cashflow, that flowed from drug dealer-to drug dealer into the Wall Street conduits that were the fuel pumps for Madoff-like ponzi schemes  --  which are still unwinding and pumping away.&lt;br/&gt;&lt;br/&gt;For the lucky meth-using masses that are not in jail, they all will be eventually bailed out by Obama&#039;s blank check altruism  --  just as TARP bails out the retarded and like-minded corrupted government organizations, entities and conduits which are linked, backed and connected to fraudulent derivative powered financial instruments, which will depend on updated false and misleading information.&lt;br/&gt;&lt;br/&gt;  They in general, or Obama specifically,  will call this the mutual benefit of exchange and suggest that these people and institutions be given a third or fourth shot at defaulting, so that our chaotic society can attempt to wake up from rehab and regain euphoric confidence in our re-engineered American Stupor.&lt;br/&gt;&lt;br/&gt;Bah Humbug!  Where is justice in the land of the free and the home of the brave???&lt;br/&gt;&lt;br/&gt;Also see, for some reason:  All dreaded it--all sought to avert it. While the inaugeral [sic] address was being delivered from this place, devoted altogether to saving the Union without war, insurgent agents were in the city seeking to destroy it without war--seeking to dissole [sic] the Union, and divide effects, by negotiation. Both parties deprecated war; but one of them would make war rather than let the nation survive; and the other would accept war rather than let it perish. And the war came.</description>
		<content:encoded><![CDATA[<p>Don&#8217;t forget to add in the army of realtors who had a grand time showing a massive supply of hot properties to drug dealers and driving them around to successive McMansions (in SUVs), as they blew smoke rings into the hazy eyes of the American Dreamers   &#8212;  and then took the money, as they ran to the next victim.</p>
<p>The no-doc loans and free-for-all mutual benefit subprime orgy was a match made in heaven for all these pimps and whores that depend on the lack of control from lenders that help provide services for laundering drug money.  The home building mafia obviously loved being part of the network of collusion that connected them to a tsunami wave of cashflow, that flowed from drug dealer-to drug dealer into the Wall Street conduits that were the fuel pumps for Madoff-like ponzi schemes  &#8212;  which are still unwinding and pumping away.</p>
<p>For the lucky meth-using masses that are not in jail, they all will be eventually bailed out by Obama&#8217;s blank check altruism  &#8212;  just as TARP bails out the retarded and like-minded corrupted government organizations, entities and conduits which are linked, backed and connected to fraudulent derivative powered financial instruments, which will depend on updated false and misleading information.</p>
<p>  They in general, or Obama specifically,  will call this the mutual benefit of exchange and suggest that these people and institutions be given a third or fourth shot at defaulting, so that our chaotic society can attempt to wake up from rehab and regain euphoric confidence in our re-engineered American Stupor.</p>
<p>Bah Humbug!  Where is justice in the land of the free and the home of the brave???</p>
<p>Also see, for some reason:  All dreaded it&#8211;all sought to avert it. While the inaugeral [sic] address was being delivered from this place, devoted altogether to saving the Union without war, insurgent agents were in the city seeking to destroy it without war&#8211;seeking to dissole [sic] the Union, and divide effects, by negotiation. Both parties deprecated war; but one of them would make war rather than let the nation survive; and the other would accept war rather than let it perish. And the war came.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: GloomBoom</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30644</link>
		<dc:creator>GloomBoom</dc:creator>
		<pubDate>Sun, 28 Dec 2008 17:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30644</guid>
		<description>Maybe the meth was a factor in the velocity(speed) of money at that time! It sure has slowed down a lot lately. &lt;br/&gt;I agree that appraisals were a huge part of the fraud but if you can&#039;t quality because of DTI you&#039;re toast.</description>
		<content:encoded><![CDATA[<p>Maybe the meth was a factor in the velocity(speed) of money at that time! It sure has slowed down a lot lately. <br />I agree that appraisals were a huge part of the fraud but if you can&#8217;t quality because of DTI you&#8217;re toast.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Blurtman</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30641</link>
		<dc:creator>Blurtman</dc:creator>
		<pubDate>Sun, 28 Dec 2008 15:47:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30641</guid>
		<description>Look at the percentage of Americans taking legal mind altering drugs.  One has to wonder if the increased use of serotonin uptake inhibitors contributed to the dot.com bubble. (By 2000, the proportion of adults using such drugs had nearly tripled, compared with the data set that ended in 1994.&quot;)  Or to the election of the Decider.  Too many Americans are walking around on mind altering drugs, with a chemically altered view of the world.  Instead of dealing with reality, people are medicating the very necessary red-flag warnings that result from the very real perceptions of what is going on in the world.</description>
		<content:encoded><![CDATA[<p>Look at the percentage of Americans taking legal mind altering drugs.  One has to wonder if the increased use of serotonin uptake inhibitors contributed to the dot.com bubble. (By 2000, the proportion of adults using such drugs had nearly tripled, compared with the data set that ended in 1994.&#8221;)  Or to the election of the Decider.  Too many Americans are walking around on mind altering drugs, with a chemically altered view of the world.  Instead of dealing with reality, people are medicating the very necessary red-flag warnings that result from the very real perceptions of what is going on in the world.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30638</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sun, 28 Dec 2008 14:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30638</guid>
		<description>Blissex,&lt;br/&gt;Not really, got into a nich buisness. 75% net return on 150 to 250 dollar jobs. 2 to 3 weeks per job, 5 to 8 jobs a year.  Two full time employees, then off to Costa Rica for a month.&lt;br/&gt;&lt;br/&gt;But get your drift.&lt;br/&gt;&lt;br/&gt;skippy</description>
		<content:encoded><![CDATA[<p>Blissex,<br />Not really, got into a nich buisness. 75% net return on 150 to 250 dollar jobs. 2 to 3 weeks per job, 5 to 8 jobs a year.  Two full time employees, then off to Costa Rica for a month.</p>
<p>But get your drift.</p>
<p>skippy</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kafka</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30637</link>
		<dc:creator>Kafka</dc:creator>
		<pubDate>Sun, 28 Dec 2008 14:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30637</guid>
		<description>There is nothing new here.  This type of behavior has been going on for centuries and always obtains when Politicos have the ability to use fiat money to cure all societal ills.  Romer wrote a decent paper about it in 1994.  The Politicos and their corporate bag men always win as nothing changes.  Figure out the lies (which are most words out of their mouths) and profit.  Use their fiscal malfeasance to your financial benefit.  It is a simple and profitable game.  No one beats a liquidity trap regardless of all the Politico lies from that to you can profit.     &lt;br/&gt;……………………………………………………………………………………………………….&lt;br/&gt;Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society’s expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.&lt;br/&gt;http://papers.ssrn.com/sol3/papers.cfm?abstract_id=227162</description>
		<content:encoded><![CDATA[<p>There is nothing new here.  This type of behavior has been going on for centuries and always obtains when Politicos have the ability to use fiat money to cure all societal ills.  Romer wrote a decent paper about it in 1994.  The Politicos and their corporate bag men always win as nothing changes.  Figure out the lies (which are most words out of their mouths) and profit.  Use their fiscal malfeasance to your financial benefit.  It is a simple and profitable game.  No one beats a liquidity trap regardless of all the Politico lies from that to you can profit.     <br />……………………………………………………………………………………………………….<br />Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society’s expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.<br /><a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=227162" rel="nofollow">http://papers.ssrn.com/sol3/papers.cfm?abstract_id=227162</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Blissex</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30635</link>
		<dc:creator>Blissex</dc:creator>
		<pubDate>Sun, 28 Dec 2008 13:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30635</guid>
		<description>«&lt;i&gt;Thats why i left corporate, i had ethics.&lt;/i&gt;»&lt;br/&gt;&lt;br/&gt;In Real America, that translates to &quot;I am a LOSER&quot;. In Real America, winners do whatever it takes, and love it!</description>
		<content:encoded><![CDATA[<p>«<i>Thats why i left corporate, i had ethics.</i>»</p>
<p>In Real America, that translates to &#8220;I am a LOSER&#8221;. In Real America, winners do whatever it takes, and love it!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Blissex</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30634</link>
		<dc:creator>Blissex</dc:creator>
		<pubDate>Sun, 28 Dec 2008 13:04:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30634</guid>
		<description>«&lt;i&gt;Even in the seemingly innocent early 1980s, a member of Goldman&#039;s corporate finance department was known to use uppers and downers on what was presumed to be a daily basis. He made partner.&lt;/i&gt;»&lt;br/&gt;&lt;br/&gt;That&#039;s exactly the point! All those WaMu and inv. bank guys MADE A LOT OF MONEY and are going to GET AWAY WITH IT whatever they did.&lt;br/&gt;&lt;br/&gt;Jimmy Cayne, Angelo Mozillo, Chuck Prince, Dick Fuld, and their minions have RETIRED WITH LOTS OF WEALTH to their account.&lt;br/&gt;&lt;br/&gt;In Real America, this makes them WINNERS, and that&#039;s all that matters to Real American voters, who are just hoping one day to have to same opportunities to take advantage of everybody else and get away with it.&lt;br/&gt;&lt;br/&gt;«&lt;i&gt;I&#039;d expect investigators and judges to understand the difference between a home buyer who was encouraged to leave the form blank, and a speculator who wound up with several homes he couldn&#039;t afford obtained via fraudulent mortgage applications.&lt;/i&gt;»&lt;br/&gt;&lt;br/&gt;What about adults knowing what they are doing? Surely there is a matter of degree of guilt, but those in the former category surely knew what they were doing too, they were just trying to do it only on a smaller scale.</description>
		<content:encoded><![CDATA[<p>«<i>Even in the seemingly innocent early 1980s, a member of Goldman&#8217;s corporate finance department was known to use uppers and downers on what was presumed to be a daily basis. He made partner.</i>»</p>
<p>That&#8217;s exactly the point! All those WaMu and inv. bank guys MADE A LOT OF MONEY and are going to GET AWAY WITH IT whatever they did.</p>
<p>Jimmy Cayne, Angelo Mozillo, Chuck Prince, Dick Fuld, and their minions have RETIRED WITH LOTS OF WEALTH to their account.</p>
<p>In Real America, this makes them WINNERS, and that&#8217;s all that matters to Real American voters, who are just hoping one day to have to same opportunities to take advantage of everybody else and get away with it.</p>
<p>«<i>I&#8217;d expect investigators and judges to understand the difference between a home buyer who was encouraged to leave the form blank, and a speculator who wound up with several homes he couldn&#8217;t afford obtained via fraudulent mortgage applications.</i>»</p>
<p>What about adults knowing what they are doing? Surely there is a matter of degree of guilt, but those in the former category surely knew what they were doing too, they were just trying to do it only on a smaller scale.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30632</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sun, 28 Dec 2008 12:18:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30632</guid>
		<description>LESS THAN ZERO,&lt;br/&gt;&lt;br/&gt;Thats why i left corporate, i had ethics. But remember the studies just coming out about Cocaine, Meth and the kingdoms, drug dealers create. You would have numb gums and teeth after Susi, in Calif. People would use right on the counter. Congress men and Cocaine/Valium party&#039;s in Malibu Cove (gated community). Ooh and don&#039;t let O.J. near your pile, he used a garden hose. &lt;br/&gt;&lt;br/&gt;Sounds like not much has change since then. Except they have switched to the ghetto drug culture. Bill Roberts response to little girls Christmas card, Don&#039;t use crack its a ghetto drug lol.&lt;br/&gt;&lt;br/&gt;Some day they will come up with a little wire to stick into the back of your head and unleash dopamine full bore as long as you like. &lt;br/&gt;&lt;br/&gt;Wonder what kind of bubble that would create.&lt;br/&gt;&lt;br/&gt;Skippy</description>
		<content:encoded><![CDATA[<p>LESS THAN ZERO,</p>
<p>Thats why i left corporate, i had ethics. But remember the studies just coming out about Cocaine, Meth and the kingdoms, drug dealers create. You would have numb gums and teeth after Susi, in Calif. People would use right on the counter. Congress men and Cocaine/Valium party&#8217;s in Malibu Cove (gated community). Ooh and don&#8217;t let O.J. near your pile, he used a garden hose. </p>
<p>Sounds like not much has change since then. Except they have switched to the ghetto drug culture. Bill Roberts response to little girls Christmas card, Don&#8217;t use crack its a ghetto drug lol.</p>
<p>Some day they will come up with a little wire to stick into the back of your head and unleash dopamine full bore as long as you like. </p>
<p>Wonder what kind of bubble that would create.</p>
<p>Skippy</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/12/meth-accepted-aid-in-loan-processing-at.html#comment-30631</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sun, 28 Dec 2008 08:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/12/meth-an-accepted-aid-in-loan-processing-at-wamu/#comment-30631</guid>
		<description>I&#039;d expect investigators and judges to understand the difference between a home buyer who was encouraged to leave the form blank, and a speculator who wound up with several homes he couldn&#039;t afford obtained via fraudulent mortgage applications.&lt;br/&gt;&lt;br/&gt;There isn&#039;t enough room in the prisons for people with false info on their mortgage apps.  Dont forget, near the peak of the bubble houses were out of reach for just about everybody and if you were a first time buyer, you had to lie.&lt;br/&gt;&lt;br/&gt;Then again, building more prisons and hiring prison guards would fall under the category of &#039;infrastructure&#039; and &#039;job creation&#039;... maybe I&#039;d better not give Obama any ideas!</description>
		<content:encoded><![CDATA[<p>I&#8217;d expect investigators and judges to understand the difference between a home buyer who was encouraged to leave the form blank, and a speculator who wound up with several homes he couldn&#8217;t afford obtained via fraudulent mortgage applications.</p>
<p>There isn&#8217;t enough room in the prisons for people with false info on their mortgage apps.  Dont forget, near the peak of the bubble houses were out of reach for just about everybody and if you were a first time buyer, you had to lie.</p>
<p>Then again, building more prisons and hiring prison guards would fall under the category of &#8216;infrastructure&#8217; and &#8216;job creation&#8217;&#8230; maybe I&#8217;d better not give Obama any ideas!</p>
]]></content:encoded>
	</item>
</channel>
</rss>
