Showing posts with label Icelandic Modern Media Initiative. Show all posts
Showing posts with label Icelandic Modern Media Initiative. Show all posts

Tuesday, October 12, 2010

To The Media: Stop LYING About Foreclosuregate

http://market-ticker.org/akcs-www?post=168923



We keep hearing that these "lost document" affidavits and similar are just "sloppiness."

They are not. They are hard evidence of fraud, with the only decision left to be made being one on exactly where the fraud happened.

I'm going to show you a document - a Pooling and Servicing Agreement - from one MBS Trust. There are literally thousands just like this. I've read dozens. Those that were sold to the public are all filed on the SEC's web page, and can be found either on EDGAR or SECINFO. Every single one that I've read contains a certification that is, in form and substance, identical to that below.

This specific example is one that others have picked on and happens to be right from the top of the bubble around 2006 - and it also happens to be from our favorite Vampire Squid, Goldman Sachs.

It is GSAMP Trust 2006-FM1

Here is the CERTIFICATION form that the Trustee, post-closing, covenants and represents he will execute for the benefit of the buyers of these MBS (that is, your pension fund, your insurance company that is funding your annuity, your retirement account's bond fund, etc):

Thursday, June 17, 2010

Iceland rewrites law to create haven for investigative reporting

http://www.independent.co.uk/news/world/europe/iceland-rewrites-law-to-create-haven-for-investigative-reporting-2002591.html



Iceland has passed a sweeping reform of its media laws that supporters say will make the country an international haven for investigative journalism.


The new package of legislation was passed unanimously at 4am yesterday in one of the final sessions of the Icelandic parliament, the Althingi, before its summer break.

Created with the involvement of the whistleblowing website Wikileaks, it increases protection for anonymous sources, creates new protections from so-called "libel tourism" and makes it much harder to censor stories before they are published.

"It will be the strongest law of its kind anywhere," said Birgitta Jonsdottir, MP for The Movement party and member of the Icelandic Modern Media Initiative, which first made the proposals. "We're taking the best laws from around the world and putting them into one comprehensive package that will deal with the fact that information doesn't have borders any more."

Because the package includes provisions that will stop the enforcement of overseas judgements that violate Icelandic laws, foreign news organisations are said to have expressed an interest in moving the publication of their investigative journalism to Iceland. According to Ms Jonsdottir, Germany's Der Spiegel and America's ABC News have discussed the possibility.