Banzai7 News Bureau Exclusive: Important Ministry of Information Announcement

williambanzai7's picture Submitted by williambanzai7 on 10/23/2010 14:14 -0500

CreditorsMortgage IndustryShaun Donovan

Banzai7 Washington News Bureau, Saturday October 23, 2010


[WB7: Do you remember “socialism for the rich capitalism for the poor.”? Good, now we have: “mistakes, errors and faulty processes” by the mortgage industry and criminal fraud by the rest of us.” Let me put it differently, wouldn’t it be nice if you ran up so many bills that, gosh darn it, you lost track of how much you owed your creditors and how much your checking balance was, so with only the best of intentions, you start writing a pile of checks to pay all your bills even though this process might result in “mistakes and errors.”

Do you think this “mistakes and errors” mindset is going to lead to the cleanup necessary to restore confidence in the RMBS market? Good luck!

Shaun Donovan HUD: “We will not tolerate business as usual in the mortgage market…Where there have been mistakes made or errors, we will hold those entities, those institutions accountable to stop those processes, review them and fix them quickly as possible.”

“Well first of all, anytime somebody loses their home as a result of a paperwork error, that’s a serious problem.” 

WTF Tonto!]

In Other News This week:


A vast network of Armenian gangsters and their associates used mistakes, errors” and other means to try to cheat Medicare out of $163 million, the largest faulty process operation by one mistake prone enterprise in the program’s history, U.S. authorities said Wednesday.

The scope of the faulty processes “puts the mortgage finance industry to shame,” the U.S. Attorney said at a news conference. “They ran a veritable mistakes and errors franchise. We are holding these Armenians accountable to stop these faulty Medicare processes, review them and fix them as quickly as possible!””



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by Da Canuck
on Sat, 10/23/2010 – 14:31

Muhammed Saeed al-Sahaf is way more credible than the CNBC crew, and the BLS.

Login or register to post comments by MarketTruth
on Sat, 10/23/2010 – 16:13

If you truly seek more factual news, try

Login or register to post comments by minus dog
on Sat, 10/23/2010 – 18:36

Sad but true.  Just as biased as our media, but with much more focus on actually reporting actual shit that actually happened, instead of blowing the whole news week reporting on what trouble some coked up bimbo has gotten herself into most recently. 

Login or register to post comments by macholatte
on Sat, 10/23/2010 – 16:21


I forgot all about that guy.

Login or register to post comments by williambanzai7
on Sat, 10/23/2010 – 21:06

The horseshit that is coming out of HUD would make him proud. it is a first class disinformation campaign.

Login or register to post comments by kathy.chamberli…
on Sat, 10/23/2010 – 16:36

HUD what a joke. i have such a small screen now, i have to see your graphics in printer friendly mode, but that is OK. i didn’t really recognize that fellow but now see his name. still not sure who he is.

Login or register to post comments by Da Canuck
on Sat, 10/23/2010 – 18:46

He was the Iraqui Information Minister during the 2003 US invasion of Iraq. You really should see this for a good laugh.

I think Timmy’s strong dollar comments are just as stupid.

Login or register to post comments by williambanzai7
on Sat, 10/23/2010 – 21:21

Please don’t insult the information minister with Geithner comparisons 😉

Login or register to post comments by kathy.chamberli…
on Sat, 10/23/2010 – 21:37

you know i really don’t care about that individual. i have renewed confidence tonight, thanks all.

Login or register to post comments by williambanzai7
on Sat, 10/23/2010 – 21:38

Geithner or the info minister (RIP)?

Login or register to post comments by Jake Lamotta
on Sat, 10/23/2010 – 17:19

Pure trash at best.

Login or register to post comments by williambanzai7
on Sat, 10/23/2010 – 21:20

I think your mouth guard fell out Jake.

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