Sometimes the obvious isn't clear. We've covered the theft of homes via "hanging judges" in mortgage courts before. At the heart of this confusion (or scam, depending on whether you're a victim or a beneficiary), lies MERS, the virtual mortgage registry that's replaced the handling of mortgage ownership in this brave new slice-and-dice derivative world.
Matt Taibbi, who will have a new big piece about this in a coming issue of Rolling Stone, provides this handy metaphor for understanding what MERS actually is. Here's one slice:
Imagine, say, a family of twelve, two elderly parents in Iowa and ten adult children scattered in different states all over the country. Mom and Dad on the farm own one Ford F-150 that they owe $300 a month on. Every month, the truck gets passed to a different family member, who in turn becomes responsible for the monthly payment. But no matter who has the car and whose turn it is to come up with the $300, the truck stays in Dad's name and the money, in the end, comes to Ford Finance via Dad's checking account.I knew the Elks were involved. Tempted to click through? I am, and I've already read it.
Looking at this as an individual and unique case, you wouldn't think there was much that was inherently wrong with this setup. Obviously the family arrangement violates the spirit of many laws and procedures [interesting list of spiritual violations here]. But again, looking at this as an individual case, not many people would say any of these "violations" were major moral transgressions, if they were really moral transgressions at all. After all, this is family!
But once you take this setup and institutionalize it, and employ it everywhere on a vast scale, it becomes seriously problematic. This is particularly true if, say, Pop begins allowing his kids to "rent" the car out to non-family members, so long as they kick a small fee upstairs. Say it's March and Pop gives the truck to son Jimmy in Toledo; in April Jimmy gives the truck to his buddy Rick in Akron, charging the $300 payment plus a $20 convenience fee. May: Jimmy gives the car to his girlfriend Trudy in Phoenix, telling her to wire $300 plus another $20 back to Pops in Iowa; she in turn lends the car to her occasional lesbian love interest Madison, who begins renting the car on a day-to-day basis in Tuba City as part of her family's Painted Desert Resort and Tourism business, etc. etc. And she's now kicking the fees back to Iowa.
Within a year Pop is buying fifty vehicles an hour and shuttling cars to new customers all over the country, collecting millions in fees every day; he becomes a billion-dollar corporate fixture, hiring the entire local Elks club to come with him to work as support staff.
So now, to take this already absurdly overwrought metaphor one final painful step further ...
And for fans of straight talk, he provides this handy summary in easy-to-memorize form. The problem in a nutshell:
In short, the mortgage industry considers MERS owner enough to foreclose on you, but not owner enough to be sued, or reasoned with, or even to provide basic customer service.That's MERS. Thanks, Matt, for making the painfully obvious painfully clear.
Bankers.
GP
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small,
According to the Times, the marketplace as it functions now “adds up to higher costs to all Americans,” said Gary Gensler, the chairman of the Commodity Futures Trading Commission, which regulates most derivatives. More oversight of the banks in this market is needed, he said. Big banks influence the rules governing derivatives through a variety of industry groups. The banks’ latest point of influence are clearinghouses like ICE Trust, which holds the monthly meetings with the nine bankers in New York.
Really? Gosh, I had no idea. The ICE people told me that wasn’t true at all. I have many, many pages of correspondence to that effect… “When you limit participation in the governance of an entity to a few like-minded institutions or individuals who have an interest in keeping competitors out, you have the potential for bad things to happen. It’s antitrust 101,” said Robert E. Litan, who helped oversee the Justice Department’s Nasdaq investigation as deputy assistant attorney general. Better say goodbye to Grandma, Mr. Litan…
Critics have called these banks the “derivatives dealers club,” and they warn that the club is unlikely to give up ground easily. The Times points out "Perhaps no business in finance is as profitable today as derivatives. Not making loans. Not offering credit cards. Not advising on mergers and acquisitions. Not managing money for the wealthy."
The secrecy surrounding derivatives trading is a key factor enabling banks to make such large profits and the banks guard that secrecy very closely. In theory, the Dodd-Frank bill will eliminate much of the abuse that is going on in the derivatives market but already, the newly-elected House and Senate Republicans are looking to turn back to clock, which is apropos because, as Barry Ritholtz points out: it was the dreaded Commodity Futures Modernization Act that allowed the rampant shadow banking system to develop.
Source: A Secretive Banking Elite Rules Trading in Derivatives by LOUISE STORY, NY Times
See also: Michael Snyder's Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks and Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Federal Reserve Become A Completely Unaccountable Global Bailout Machine?.
robert shumake
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake detroit
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake
Sometimes the obvious isn't clear. We've covered the theft of homes via "hanging judges" in mortgage courts before. At the heart of this confusion (or scam, depending on whether you're a victim or a beneficiary), lies MERS, the virtual mortgage registry that's replaced the handling of mortgage ownership in this brave new slice-and-dice derivative world.
Matt Taibbi, who will have a new big piece about this in a coming issue of Rolling Stone, provides this handy metaphor for understanding what MERS actually is. Here's one slice:
Imagine, say, a family of twelve, two elderly parents in Iowa and ten adult children scattered in different states all over the country. Mom and Dad on the farm own one Ford F-150 that they owe $300 a month on. Every month, the truck gets passed to a different family member, who in turn becomes responsible for the monthly payment. But no matter who has the car and whose turn it is to come up with the $300, the truck stays in Dad's name and the money, in the end, comes to Ford Finance via Dad's checking account.I knew the Elks were involved. Tempted to click through? I am, and I've already read it.
Looking at this as an individual and unique case, you wouldn't think there was much that was inherently wrong with this setup. Obviously the family arrangement violates the spirit of many laws and procedures [interesting list of spiritual violations here]. But again, looking at this as an individual case, not many people would say any of these "violations" were major moral transgressions, if they were really moral transgressions at all. After all, this is family!
But once you take this setup and institutionalize it, and employ it everywhere on a vast scale, it becomes seriously problematic. This is particularly true if, say, Pop begins allowing his kids to "rent" the car out to non-family members, so long as they kick a small fee upstairs. Say it's March and Pop gives the truck to son Jimmy in Toledo; in April Jimmy gives the truck to his buddy Rick in Akron, charging the $300 payment plus a $20 convenience fee. May: Jimmy gives the car to his girlfriend Trudy in Phoenix, telling her to wire $300 plus another $20 back to Pops in Iowa; she in turn lends the car to her occasional lesbian love interest Madison, who begins renting the car on a day-to-day basis in Tuba City as part of her family's Painted Desert Resort and Tourism business, etc. etc. And she's now kicking the fees back to Iowa.
Within a year Pop is buying fifty vehicles an hour and shuttling cars to new customers all over the country, collecting millions in fees every day; he becomes a billion-dollar corporate fixture, hiring the entire local Elks club to come with him to work as support staff.
So now, to take this already absurdly overwrought metaphor one final painful step further ...
And for fans of straight talk, he provides this handy summary in easy-to-memorize form. The problem in a nutshell:
In short, the mortgage industry considers MERS owner enough to foreclose on you, but not owner enough to be sued, or reasoned with, or even to provide basic customer service.That's MERS. Thanks, Matt, for making the painfully obvious painfully clear.
Bankers.
GP
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small,
According to the Times, the marketplace as it functions now “adds up to higher costs to all Americans,” said Gary Gensler, the chairman of the Commodity Futures Trading Commission, which regulates most derivatives. More oversight of the banks in this market is needed, he said. Big banks influence the rules governing derivatives through a variety of industry groups. The banks’ latest point of influence are clearinghouses like ICE Trust, which holds the monthly meetings with the nine bankers in New York.
Really? Gosh, I had no idea. The ICE people told me that wasn’t true at all. I have many, many pages of correspondence to that effect… “When you limit participation in the governance of an entity to a few like-minded institutions or individuals who have an interest in keeping competitors out, you have the potential for bad things to happen. It’s antitrust 101,” said Robert E. Litan, who helped oversee the Justice Department’s Nasdaq investigation as deputy assistant attorney general. Better say goodbye to Grandma, Mr. Litan…
Critics have called these banks the “derivatives dealers club,” and they warn that the club is unlikely to give up ground easily. The Times points out "Perhaps no business in finance is as profitable today as derivatives. Not making loans. Not offering credit cards. Not advising on mergers and acquisitions. Not managing money for the wealthy."
The secrecy surrounding derivatives trading is a key factor enabling banks to make such large profits and the banks guard that secrecy very closely. In theory, the Dodd-Frank bill will eliminate much of the abuse that is going on in the derivatives market but already, the newly-elected House and Senate Republicans are looking to turn back to clock, which is apropos because, as Barry Ritholtz points out: it was the dreaded Commodity Futures Modernization Act that allowed the rampant shadow banking system to develop.
Source: A Secretive Banking Elite Rules Trading in Derivatives by LOUISE STORY, NY Times
See also: Michael Snyder's Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks and Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Federal Reserve Become A Completely Unaccountable Global Bailout Machine?.
robert shumake detroit
robert shumake
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake
Making money online is one of the most abused and searched terms on the internet. We have all seen the "work from home and earn $900 a week" ads and banners. I make a decent amount of money from the internet, but I never made a thousand dollars a week working online. One website I have found for making money online is Café Press. You can make money online at Café Press by creating sellable designs for shirts, jackets, children's clothes, dog clothes, mugs, hats, and more. I suppose the draw back is that in order to make money online with Café Press you have to be a tad on the creative side. There are thousands upon thousands of designs online at Café press. Some of them are good, but most of them are nothing more than a catchy phrase and some bad clip art. Personally I can't believe anyone buys half the stuff on there.
Making Money Online- Testing the Water
My first suggestion for making money online with café press is to test the water. Come up with some really good designs and then post them online in some related forums to see what your potential customers think. What I mean is let's say you want to make some shirts geared toward dog owners. Create a few designs and then go visit some dog lovers' forums and message boards.
Post a very friendly topic saying that you were thinking of starting a company that sold made humorous shirts for dog lovers and that you wanted to see what they thought of your ideas. Make sure to be friendly so that your post doesn't sound like SPAM. Must users will give you great feedback. Sometimes you can even use these posts to get ideas for other designs. Knowing your customers is the first step to making money online.
Once you get some good feedback on your designs and have decided which ones are likely to make you the most money online go ahead and sign p for a free Café Press account. The free account is a good way to test the money making ability of your designs, but it comes with some drawbacks. With the free account you can only create one design per style of shirt. This means you couldn't offer one design on a variety of products. This is CafePress's way of letting you test the waters.
Making Money Online- Opening a Café Press Store
My suggestion about knowing when to open a store is this; once you make your first $35 dollars I would start thinking about opening your store. Why $35? For starters that is the amount of money it takes to purchase a 6 month subscription plan. Thus you have just put your soon to be money making store online for free!
As soon as you have the ability to open a store I would do it. Take all your existing designs and put them on as many things as possible. The key to making money online with Café Press is having a larger selection. The big money makers are shirts and jackets so get those up as soon as possible. You will also want to keep coming up with more designs. Like I said the more you have for sale the more money you can make. Even if you only think your design is ok, just put it up there. I have designs I thought no one would ever buy, but I'm always surprised that someone buys them. Once I had a design I thought no one would ever buy and one customer ended up buying 15 shirts of that one designs. It just goes to show that you never know what designs are going to make you money.
Making Money Online- Tips
If you really want to give your designs an edge against the other and make some money there are a few things you should do. The biggest is to make sure you optimize your items. The way to do this is to make sure you name your item correctly and write a good item description, and section teaser.
When you are naming your product don't just name it say, smiling shirt, name it Dog Shirt- Smiling. Dog shirts would more than likely be your most searched term so now you have just put your self ahead of all the other dog shirt sellers and on the path to making more money online.
No one really reads the descriptions of the shirts on Café Press so just use this room to saturate your key words. Try to use them as much as possible without SPAMing them. Make sure to create the description and section tester. This is an extra step most store owners don't do.
Making Money Online- Conclusion
So those are some of my money making tip of selling online with Café Press. Feel free to visit my store at www.cafepress.com/pptt
robert shumake detroit
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake detroit
robert shumake
Sometimes the obvious isn't clear. We've covered the theft of homes via "hanging judges" in mortgage courts before. At the heart of this confusion (or scam, depending on whether you're a victim or a beneficiary), lies MERS, the virtual mortgage registry that's replaced the handling of mortgage ownership in this brave new slice-and-dice derivative world.
Matt Taibbi, who will have a new big piece about this in a coming issue of Rolling Stone, provides this handy metaphor for understanding what MERS actually is. Here's one slice:
Imagine, say, a family of twelve, two elderly parents in Iowa and ten adult children scattered in different states all over the country. Mom and Dad on the farm own one Ford F-150 that they owe $300 a month on. Every month, the truck gets passed to a different family member, who in turn becomes responsible for the monthly payment. But no matter who has the car and whose turn it is to come up with the $300, the truck stays in Dad's name and the money, in the end, comes to Ford Finance via Dad's checking account.I knew the Elks were involved. Tempted to click through? I am, and I've already read it.
Looking at this as an individual and unique case, you wouldn't think there was much that was inherently wrong with this setup. Obviously the family arrangement violates the spirit of many laws and procedures [interesting list of spiritual violations here]. But again, looking at this as an individual case, not many people would say any of these "violations" were major moral transgressions, if they were really moral transgressions at all. After all, this is family!
But once you take this setup and institutionalize it, and employ it everywhere on a vast scale, it becomes seriously problematic. This is particularly true if, say, Pop begins allowing his kids to "rent" the car out to non-family members, so long as they kick a small fee upstairs. Say it's March and Pop gives the truck to son Jimmy in Toledo; in April Jimmy gives the truck to his buddy Rick in Akron, charging the $300 payment plus a $20 convenience fee. May: Jimmy gives the car to his girlfriend Trudy in Phoenix, telling her to wire $300 plus another $20 back to Pops in Iowa; she in turn lends the car to her occasional lesbian love interest Madison, who begins renting the car on a day-to-day basis in Tuba City as part of her family's Painted Desert Resort and Tourism business, etc. etc. And she's now kicking the fees back to Iowa.
Within a year Pop is buying fifty vehicles an hour and shuttling cars to new customers all over the country, collecting millions in fees every day; he becomes a billion-dollar corporate fixture, hiring the entire local Elks club to come with him to work as support staff.
So now, to take this already absurdly overwrought metaphor one final painful step further ...
And for fans of straight talk, he provides this handy summary in easy-to-memorize form. The problem in a nutshell:
In short, the mortgage industry considers MERS owner enough to foreclose on you, but not owner enough to be sued, or reasoned with, or even to provide basic customer service.That's MERS. Thanks, Matt, for making the painfully obvious painfully clear.
Bankers.
GP
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small,
According to the Times, the marketplace as it functions now “adds up to higher costs to all Americans,” said Gary Gensler, the chairman of the Commodity Futures Trading Commission, which regulates most derivatives. More oversight of the banks in this market is needed, he said. Big banks influence the rules governing derivatives through a variety of industry groups. The banks’ latest point of influence are clearinghouses like ICE Trust, which holds the monthly meetings with the nine bankers in New York.
Really? Gosh, I had no idea. The ICE people told me that wasn’t true at all. I have many, many pages of correspondence to that effect… “When you limit participation in the governance of an entity to a few like-minded institutions or individuals who have an interest in keeping competitors out, you have the potential for bad things to happen. It’s antitrust 101,” said Robert E. Litan, who helped oversee the Justice Department’s Nasdaq investigation as deputy assistant attorney general. Better say goodbye to Grandma, Mr. Litan…
Critics have called these banks the “derivatives dealers club,” and they warn that the club is unlikely to give up ground easily. The Times points out "Perhaps no business in finance is as profitable today as derivatives. Not making loans. Not offering credit cards. Not advising on mergers and acquisitions. Not managing money for the wealthy."
The secrecy surrounding derivatives trading is a key factor enabling banks to make such large profits and the banks guard that secrecy very closely. In theory, the Dodd-Frank bill will eliminate much of the abuse that is going on in the derivatives market but already, the newly-elected House and Senate Republicans are looking to turn back to clock, which is apropos because, as Barry Ritholtz points out: it was the dreaded Commodity Futures Modernization Act that allowed the rampant shadow banking system to develop.
Source: A Secretive Banking Elite Rules Trading in Derivatives by LOUISE STORY, NY Times
See also: Michael Snyder's Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks and Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Federal Reserve Become A Completely Unaccountable Global Bailout Machine?.
robert shumake
Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>
Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...
Baby Boomers and Sacrifice - AOL <b>News</b>
WASHINGTON -- Baby boomers have long been derided as a bunch of spoiled brats -- a.
500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>
Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.
robert shumake detroit
robert shumake detroit
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