Subprime Mortgage Processing (visual aids part II)

Posted by: williambanzai7 Post date: 10/09/2010 – 02:07 Here is another diagram which depicts subprime mortgage processing after the mortgages have been originated in the pipeline.A basic recycling plant is used for visualization. Ben’s Cohiba Posted by: Bruce Krasting Post date: 10/08/2010 – 16:25 Some thoughts on a funny week. ‘Bernanke Put’ Risk for Shareholders? Posted by: Leo Kolivakis Post date: 10/08/2010 – 21:24 As more come on board with QE2, risk appetite is rising, but betting on a Fed-inspired recovery rally can be a dangerous game… Navigation PollsDonate To Zero HedgeRecent posts Shopping cart View your shopping cart. User login Username: * Password: * Create new accountRequest new password Zero Hedge Reads Angry BearBearish NewsBoom Bust BlogChina Financial MarketsChris Martenson’s BlogContrary InvestorCoyote BlogCredit WritedownsDaily CapitalistDaneric’s Elliott WavesDealBookDealbreakerFINalternativesFalkenblogFibozachiFor What It’s WorthFund My Mutal FundGains Pains & CapitalGlobal Economic AnalysisHamzei AnalyticsImplode-ExplodeInfectious GreedInvesting ContrarianJesse’s Café Américain Market FollyMax KeiserMinyanvilleMises InstituteNaked CapitalismOf Two MindsPension PulseShanky’s TechBlogThe Big PictureThe Mad Hedge Fund TraderThe Market TickerThe Technical TakeThe Underground InvestorWall St. Cheat SheetWashington’s BlogWealth.netWhen Genius Prevailed Home williambanzai7's picture Submitted by williambanzai7 on 10/09/2010 02:07 -0500

Once again, the attached diagram is self explanatory and is intended to help you explain the Subprime FUBAR to your family and friends. The next chart in this series will look at a non- performing asset landfill.

JD

JD

FDIC

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by Conrad Murray
on Sat, 10/09/2010 – 02:22
#637430

“Each Team Icludes a Document handler and a Burglar”.  Priceless.

Login or register to post comments by hooligan2009
on Sat, 10/09/2010 – 05:11
#637468

great schematic..only missing a few players..that’s the taxpayer, the Fed and the Treasury. Tax payer could be depicted as some sort of a hannah montana ignoramus type, the Fed as the Devil whispering sweet nothings in the Treasury’s ear (Fed maybe as a Nero type who thinks he has the right to blame the Christians, oops taxpayers and the Treasury as a bloated pig fed by his own swill, tempered with a few droppings from the bankers direct feeder).

Could have other similar schematics with proportionate bites out of hannah montana for loan loss provisions. siphoning off of value by each player and bribes with relative size for each!

You could also make suggestions for how to allocate FBI resources and proportionate jail terms for the misery of the next few decades inflicted on hannah with prison terms of relevant sizes for each.

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 05:18
#637471

This one covers the mortgage servicers, I will get to Washington on this, don’t worry 😉

Login or register to post comments by Cognitive Dissonance
on Sat, 10/09/2010 – 08:53
#637607

I will get to Washington on this, don’t worry 😉

Not worried in the least because I know the great WB7 is on the job.

The world is beginning to comprehend that all toxic waste leads back to Washington because all toxic waste originates in Washington. The great cycle never stops.

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 09:08
#637658

GM to you. Be sure to read Cohansveditorial in the NYT today.

Login or register to post comments by Precious
on Sat, 10/09/2010 – 08:51
#637599

Add NAR.  Realtors are the dumb pipes that shuttle the shit around the factory.

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 09:03
#637637

Ok, I just put them in on the fork lift

Login or register to post comments by f16hoser
on Sat, 10/09/2010 – 08:57
#637616

Dimon would look good in a Columbian Necktie!

 

 

 

Login or register to post comments by kaiserhoff
on Sat, 10/09/2010 – 09:00
#637625

Wonderful as usual, William.

How about one on deficiency judgements, the up and coming clusterfuck?

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 09:02
#637633

You know, every time I think this subject has dried up, those Wall Street jackasses just come up with more material for me! 

Login or register to post comments by tom a taxpayer
on Sat, 10/09/2010 – 09:21
#637700

Wonderful William!  Awesome!

Login or register to post comments by f16hoser
on Sat, 10/09/2010 – 09:45
#637731

Tarp-1 obviously went to the Banksters XMAS bonus. Now that more of their pick-a-boo debt is coming to light, will Tarp-2 be used for this years XMAS bonus? I said this to my friends 2 years ago and I’ll say it again, “banks/debt in this country (around the globe for that matter) is far worse than these fraudsters led us to believe. You don’t just print-away several hundred trillion in debt. Banks need to fail. I can’t believe Governments would bail out these failing giants. Obama will join the ranks of Carter as a one-term wonder. When you surround yourself with idiots/criminals than you will look like an idiot/criminal. Take your pick……

Login or register to post comments by Lionhead
on Sat, 10/09/2010 – 09:55
#637747

WB7, another hit!  You will never run out of material from the condition we’re in.  CNBC interviews will keep you working for years. One could do a daily comic strip on that motley crew of retards.  ROFLMAO

I’m sending these out to all my friends as it makes one realize how bizarre & sick the “big people” are. Keep ’em comin’…

 

Login or register to post comments by JW n FL
on Sat, 10/09/2010 – 10:32
#637808

Fantastic, Beautiful and Wonderful… You are Amazing! Keep up the Great Art! PLEASE!!!

Login or register to post comments by Milestones
on Sat, 10/09/2010 – 11:21
#637880

Lionhead had an excellent thought–Maybe a comic book format designed in such a manner that the SEC could understand.

On a serious note, why not a comic book for Wall Street. I think it would be a hugh, smashing hit.  Milestones

Login or register to post comments by davidsmith
on Sat, 10/09/2010 – 11:40
#637907

Yes, and make sure you draw a big FAT line from the Treasury Department to servicers, telling them to fake the documents.

 

What you STILL don’t have in this chart, is any indication that the whole point of the scheme is to

 

HIDE BAD DEBT ON BANK BOOKS.

 

That is the goal of the UNITED STATES.

 

Don’t wait for depositions to reveal contacts between the United States and these banks and servicers, telling them to forge documents.

 

It’s time for the Howard Baker question:

 

what did the Government know, and when did it know it.

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 12:21
#637977

This is a loan processing chart. Balance sheet shiatzu is another subject to be covered in depth

Login or register to post comments by davidsmith
on Sat, 10/09/2010 – 12:37
#638015

Hurry.  We basically already know the stuff in your chart.  It’s nothing new.  However, a chart showing the order to forge from the U.S. on down is important:

 

1.  for juries hearing the RICO cases; and

2.  for lawyers having to justify issuing a subpoena for U.S. officials, or asking a question in a deposition about contacts with government officials.

 

In short, showing that the purpose of all these acts is to HIDE BAD DEBT ON BANK BOOKS, is the only issue on the table right now.  We already know about the rest of the stuff you show.  Show Timmy giving the order to forge.

Login or register to post comments by williambanzai7
on Sat, 10/09/2010 – 12:56
#638058

I am thinking of the best way to do this. It involves looking at charts used in organized crime cases.

Be patient 

Login or register to post comments by AssFire
on Sat, 10/09/2010 – 13:43
#638134

Less is always more

Oversupply and it falls

Haiku to comic

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