[QYD8eQ8F]

http://www.teribuhl.com/2012/05/12/s...es-violations/

Things are starting to come undone. Folks who had much of their wealth stolen , but who still have enough wealth left to lawyer up have not gone away.

[Crazykz]

http://www.teribuhl.com/2012/05/12/s...es-violations/

Things are starting to come undone. Folks who had much of their wealth stolen , but who still have enough wealth left to lawyer up have not gone away.

Wow a real investigative journalist exist. So JPM may have to pony up some $120B for mortgage securities fraud...

[buIf6yoW]

Here's to entering the age of the whistleblower.

[QYD8eQ8F]

Wow a real investigative journalist exist. So JPM may have to pony up some $120B for mortgage securities fraud...

Yes, it is nice to see this kind of reporting outside the realm of Max Kaiser and Alex Jones. This journalist gives rise to some interesting points.

I smell a black swan coming.

[bQXHsKzS]

Just read this on HalfpastHuman.com:

Banksters are taught a new phrase (starting on May 14th)....planet wide, by the way....

Anticipatory repudiation.

[Poll Pitt]

Just read this on HalfpastHuman.com:

Banksters are taught a new phrase (starting on May 14th)....planet wide, by the way....

Anticipatory repudiation.

Anticipatory repudiation, also called an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.

When such an event occurs, the performing party to the contract is excused from having to fulfill his or her obligations. However, the repudiation can be retracted by the promising party so long as there has been no material change in the position of the performing party in the interim. A retraction of the repudiation restores the performer's obligation to perform on the contract.

What waqcked out pot head wrote that?

[Hedkffiz]

How is that going to apply in any of the financial contracts where one of the parties has already performed?
If I pay JP Morgan for bond insurance I have already performed my part of the contract.
If I promise to pay for bond insurance at some point in the future but JP Morgan declares an anticapatory repudiation,
before i can perform ,then according to the Wikepedia article the contract is essentially void.
That i can understand.
If I buy a MBS financial asset that was knowingly mis-representd by the seller, and i suffer loss, how does Anticapatory
Repudiation apply?