Posted by: quiscus | October 13, 2010

October 13, 2010

1.  Good:

“CIA drones could be grounded by software suit

A judge’s December ruling in an intellectual property law suit between two software firms in Massachusetts could strip the CIA’s Predator drones of their targeting software, the CEO of one of the companies says.

2.  “Helen Thomas: You cannot criticize Israel in the U.S. and survive

Former White House correspondent Helen Thomas stands by her controversial remarks on Israel that led to her retirement. ”

3.  “What Is MERS and What Role Does It Have in the Foreclosure Mess? (Hint: It Holds 60% of All Mortgages, But Has ZERO Employees)

Levitin says the documentation problems involved in the mortgage mess have the potential “to cloud title on not just foreclosed mortgages but on performing mortgages.”

With the chain of documentation now in question, and trustee ownership in question, here is one legal scenario, according to Prof. Levitin:

The mortgage is still owed, but there’s going to be a problem figuring out who actually holds the mortgage, and they would be the ones bringing the foreclosure. You have a trust that has been getting payments from borrowers for years that it has no right to receive. So you might see borrowers suing the trusts saying give me my money back, you’re stealing my money. You’re going to then have trusts that don’t have any assets that have been issuing securities that say they’re backed by a whole bunch of assets, and you’re going to have investors suing the trustees for failing to inspect the collateral files, which the trustees say they’re going to do, and you’re going to have trustees suing the securitization sponsors for violating their representations and warrantees about what they were transferring.”

4.  “Tantrums and Sheeshas
Who will care when Israel self-destructs?

After the collapse of the faux Middle East peace talks Israel’s growing isolation in the world is not entirely unexpected. A side-effect is that America has discovered that it cannot force the rest of the international community to embrace the Frankenstein monster it has nurtured. With the exception of Egypt, and in the absence of financial or military inducements given to the Pharaoh Hosni Mubarak, few self-respecting states are willing to embrace the Zionist brat. In any case, no one takes much notice of Egypt these days, where Mubarak is preparing to crown his son as his successor. His slavish support for Israel prompted by copious amounts of US aid has lost him trust, credibility, respect and international standing. Even the Americans are beginning to realise that their Cairo rent boy is of little value these days.


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