November 18th, 2008 |
November 11th, 2008 |
November 4th, 2008 |
November 1st , 2008 |
October 28th, 2008 |
October 21st, 2008 |
October 15th, 2008 |
October 12th, 2008 Check out my other published predictions on the Predatorix Was Right! section which have come true either years or months in advance. Also, I have begun working on posting my next prediction page titled, "MSAT Resecuritization is Trash". Back in 2006 when I was 17, with only a few months of MBS knowledge under my belt, I could easily tell MSAT was garbage. Scroll down to see my postings regarding MSAT dating as far back as my original "From Trash to Treasure" paper on April 7th, 2006! |
October 7th, 2008 |
September 30th, 2008 |
September 23rd, 2008 |
September 21st, 2008 First they foreclosed on millions of homes (at no loss to themselves, only investors), now they are getting paid hundreds of millions of dollars as a "thank you". |
September 16th, 2008 As many of you may have been aware of, Wells Fargo and ORIX were supposed to begin their trial against Predatorix in Dallas today. However, due to Hurricane Ike and the President's declaration of the "natural disaster of catastrophic proportions", and the fact that about half the people (including witnesses and experts, as well as myself) are located in Houston without electricity, A/C, water, gas, etc. Therefore, the Honorable Judge Boyle has decided to postpone the trial to January 2009. I would like to thank those who were planning on attending and I am sorry this happened but it was totally out of my hands (trust me, if I could have stop the hurricane I would have). |
September 9th, 2008 I guess people dont quite understand how bad of a situation we are in.. |
September 2nd, 2008 |
August 26th, 2008 Oh, and there was a thought I wanted to leave everyone with. Remember in the late 80's as the junk bond market was beginning to collapse? Remember how Michael Milken was hailed as a genius? Every was thought he was just so smart un till it turned out to be his fault! He was behind it all. Funny, here was are with the toxic bond market, already collapsing, and everyone thinks Wells Fargo is just so smart. Hello! |
August 19th, 2008 Besides, its my website and I can do whatever I want with it lol If you would like for your email to be used in court to help defend my website against Wells Fargo and ORIX, please email by the end of August. My trial begins September 16th.section. |
August 12th, 2008 BTW, I would like to throw out my next prediction: due to the plethora of illegal by the financial institutions, starting in 2009 or 2010, the USA will slide into a depression. These banks have stolen thousands of homes and caused over a trillion dollars of damage to the housing market (homes nationwide have lost as much as 50% of their value) as well as the financial world (pension funds, retirement funds, etc. have lost hundreds of billions of dollars). Not to mention numerous banks have already failed in the past several weeks... Also, I have updated the Recommendations section as well as added a new section called Related Sites. See also the Predatorix Was Right! section. |
August 5th, 2008 I have added several suicide and mental stress related articles under the News Clips section as well. |
August 2nd, 2008 If you feel that Predatorix (with thousands of hours of my personal time invested in it by researching, reading, writing, and such) has been a valuable resource to you and/or has helped educate the public, please send a brief message using the form below to help support it. Also, if you have been the victim of crooked banks such as Wells Fargo or predatory servicers such as ORIX, and would like for your story to be heard by a judge, this is where it can be told! These emails will be submitted to the court as part of my evidence. The name box is not required so you can send it anonymously, EMAIL PREDATORIX! |
July 29th, 2008 If you read it all (with or without exhibits) youll see its such a powerful paper which easily summarizes all of the problems which have plagued the market/economy for the past year, the same problems Predatorix forewarned and tried to help prevent by educating the public, as stated in her article. Given everything thats happened over the past year, I believe my website and I still helped save another $1-2 trillion worth of damages to the world capital and housing markets. How? As this is a ponzi pyramid scam, had this racket perpetuated just one more year, the damages would have been more than all the years before it. So thank Predatorix for saving the world $1-2 trillion of damage and from possible total meltdown. Your welcome. |
July 22nd, 2008 Oh, and I have already planned a great POTW for next Tuesday. |
July 15th, 2008 Oh, and it looks like Wells Fargo's stock came up quite a bit after that three week decline after they announced that they are going to "increase dividends" and their losses "werent as bad as expected". I feel sorry for the chumps that took the bait. Now is an even BETTER time to short as over the next few years, for $18B worth of asset to convert to a $18B liability means (example) $6B of losses every year for the next 6 years (net change of $36 billion) -- now that bites.If you made the 15% shorting Wells Fargo or ORIX, good job, heres another chance to make even more. Mark my words. See also my papers, Mortgage Servicing Rights Exposed (1 and 2). |
July 15th, 2008 My prediction was again (as usual) correct. As of my July 15th POTW, WFC fell from over $26 to below $21 and IX fell from over $78 to below $67. Ouch? Not if you listened to Predatorix! |
July 8th, 2008 |
July 1st, 2008 If your a Wells Fargo or ORIX shareholder, the shit is about to hit the fan because when the IRS gets their hands on this (as they have already announced that they have just begun investigating REMICs just a few months ago, see the NYT's "IRS Investigates REMICs"), it is going to be the centerpiece of the downfall of the largest ABS trustee [Wells Fargo]. Even if you dont understand it, pass the news around! This is undoubtedly a 5 sheepwolf POTW. By the way, the two genius attorneys who wrote that brief are visitors of Predatorix, both of which I have actually met. Great job! *applaud* |
June 30th, 2008 Had you shorted WFC or IX even longer before (roughly a year ago when I mentioned it in one of my Magic Tricks papers, cant recall which one off the top of my head), you could have easily made 50% (WFC fell from over $36 to below $24 and IX fell from around $130 to nearly $60 within the past year) or considerably more had you purchased ATM puts. FWIW, my opinion is that they'll continue falling. The funny thing is, I havent even posted the document I mentioned last Tuesday.. It will be interesting to see the impact on the market once the right people read it and understand it. I think I will post it sometime this week. |
June 24th, 2008 I have another document which I am anxious to post up. Its a brief filed in my hometown (Houston) against Wells Fargo and ORIX which incredibly easily flat out proves huge tax fraud by the MLMI trust which Wells Fargo is the trustee of. Big news is about to happen if the right people understand whats going on. Now (or months ago when I originally said to) is a good time to get ready to sell short or pick up some at-the-market puts on WFC (Wells Fargo) and IX (ORIX).* * = Do your own due diligence before taking stock advice from a teenager with a website, regardless if his predictions have been 100% right so far, and regardless if hes been trading stocks since his early teens, and regardless if .. ok you get the point lol **UPDATE** My prediction was again (as usual) correct. As of my July 15th POTW, WFC fell from over $26 to below $21 and IX fell from over $78 to below $67. Ouch? Not if you listened to Predatorix! |
June 17th, 2008 |
June 12th, 2008 |
June 3rd, 2008 |
June 2nd, 2008 |
May 31st, 2008 |
May 27th, 2008 |
May 24th, 2008 |
May 20th, 2008 Be sure to check out my newly revamped Predatorix Was Right section! When I originally made that section, my first prediction had come true. Since then, I have made 9 more, 5 of which have already come true bringing my prediction success rate to 6/10 with the remaining 4 predictions yet to be seen between Q3 '08 and Q2 '09. |
May 18th, 2008 Sorry for the delay, I have been really busy during the past few days. Today was my college graduation, woo! I picked up my B.B.A. and they even announced that at 19 year of age I was the youngest graduate |
May 15th, 2008 I will also add a supplemental paper to this Week's POTW regarding the kickback scheme in the next day or so. |
May 13th, 2008 |
May 6th, 2008 Nonetheless, I present to you this week's Pick-of-the-Week. It is yet another AMAZING ruling by the Honorable Joel Rosenthal (federal bankruptcy judge) against Wells Fargo. Ruling-by-ruling, it is becoming more and more apparent that judges are no longer tolerating the "heavy handed tactics" and BS that wreckless REMIC trustees and ruthless servicers (like Wells Fargo and ORIX) have pulled in courts over the past years. Not only did this judge rule against Wells Fargo $250,000, but he also sanctioned its servicer $250,000, and the law firms and attorneys that represented them another $100,000! At this rate, with all the new judgments against Wells Fargo, I may just start up a new section called "Justice Hall of Fame" or something , as I believe they need to be recognized for their fair and just rulings. |
April 29th, 2008 |
April 22nd, 2008 I also took care of a messed up link. |
April 21st, 2008 |
April 15th, 2008 |
April 9th, 2008 One regarding the executive branch (Bush) and legislative branch (House) "Jockeying Over Foreclosure Fix". It includes a very good quote from Barney Frank where he gives a warning to servicers. Who would have thought that the best fix would be by the judicial branch; courts kicking out servicers for not having valid claims and or true standing against borrowers? "Why Foreclosure Numbers Matter" and "What Are Those Mortgage Servicers Doing?" are two articles written in Q2 '07, basically posing the question, "Why are Servicers so eager to engineer defaults and force borrowers into foreclosure?". The answer to that question was the SFE vs. Wells Fargo and ORIX lawsuit filed in Q1 '06 (see POTW 3-25-08 for more on the lawsuit). The fourth article, "First Line of Foreclosure Defense - Are You Really The Plaintiff?" is letting borrowers know one of the best defenses against a Servicer, YOU DONT HAVE STANDING (take note of the Southern District and Northern District of Ohio who both dismissed Servicers' bogus claims)! |
April 8th, 2008 Lets see, Baltimore hates Wells Fargo, Cleveland hates Wells Fargo, and Illinois hates Wells Fargo. The FBI is investigating Wells Fargo and the IRS is investigating REMICs (Wells Fargo is trustee of ~90% of CMBS trusts) for tax fraud -- and these are just the few entities that come to mind that are after Wells Fargo for predatory lending, tax fraud, and other illegal acts. |
April 2nd, 2008 See also Foreclosure Machine Thrives on Woes, it is a GREAT read. Itll only take about 5-10 minutes to read everything in the article and on that page and its well worth it! Definitely some of the best stuff on the Predatorix.. |
April 1st, 2008 |
March 29th, 2008 I am also added a News Clip regarding the possible reinstatement of criminal charges against KPMG for tax fraud and the like. |
March 25th, 2008 |
March 20th, 2008 You know, I was thinking, I would compare the government bailing out the banks through the huge 11-figure handouts (like the $30 billion dollar one right below) to the government giving Drexel Lambert (the company itself, not the investors) $XX,000,000,000 to make up for the losses from the junk bonds.. Not sure if anyone else remembered that or thought of it that way, but the similarities are so strong. |
March 18th, 2008 Funny, I get the USA Today and Wall Street Journal both in print. Everyday I wake up, check the papers, and immediately feel both pleased and disappointed at the same time -- pleased because I was right over a year ago when I called the multi-billion dollar losses, and disappointed because .. I was right about the multi-billion dollar losses, heh.. I just realized I forgot to mention that the website is also dedicated to American taxpayers because they are the ones "left holding the bill" as the government hands out billions to bailout the banks for their illegal acts. So let me revise what I said last time -- woe art investors, woe art borrowers, and woe art taxpayers! I would just like to reiterate a few pending predictions; 1) MBS losses will exceed $1 trillion, 2) widespread CMBS failures will follow the current RMBS failures (hello!), and 3) Wells Fargo will decrease MSRs this year 4) Wells Fargo will reject every stockholder proposal this year.. So far, every prediction I have made has been correct On a much lighter note, check out this hilarious video from the Comedy Central website on Bush's attempt to comfort investors and Jim Cramer's advice to hold Bear Sterns days before it went from $60/share to $2/share. |
March 11th, 2008 Funny, while borrowers and investors are losing everything, the loan servicers (SERVICERS!) are pretending to be the victims. Can you believe it?! Shoot, thats a good topic for my next paper. To get a head start, check out msfraud.org (mortgage servicing fraud). More people need to wake up and realize whats going on! |
March 4th, 2008 |
February 26th, 2008 |
February 19th, 2008 |
February 18th, 2008
As there is a plethora of content on Predatorix, I am sure the website will now be a much more effective tool in helping people educate themselves on certain topics (ie. REMIC, MSRs, Kovacevich, etc) but dont know where to begin. Also, for example, if you remember a phrase I used but cannot remember which page it was from (happens to me all the time), just type in the phrase with quotations, such as "prohibited income", "appraisal reduction", or "the secret partnership", and it will find it! Enjoy! |
February 13th, 2008 So many big things have happened since I first started:
-Cyrus |
February 12th, 2008 |
February 5th, 2008 Also, there is a special (highlighted) part in there for the IRS (as they are investigating these REMICs) which I am sure they will find interesting! |
January 31st, 2008 Also, I have added three news clips from three different sources (CNN money, USA Today, and Reuters) regarding the same event, the FBI cracking down on 14 firms for subprime fraud. Looks like the government is starting to get involved. A few years late, eh (scroll to the first post dated 2-13-06)? Better late than never I guess :-) |
January 29th, 2008 Also, I have added a interesting (and humorous) news article titled, "Companies Need CEOs To Stop Spinning" with some quotes from Richard Kovacevich spinning Wells Fargo's involvement (or as he puts it, avoidance) in predatory/subprime lending, despite the fact that they are the #1 largest subprime lender (USA Today, BankNet, etc)! There is no better example of the fact that CEOs need to stop spinning, than Kovacevich's presence this article, hahaha.. |
January 24th, 2008 |
January 22nd, 2008 |
January 16th, 2008 I have also confirmed that the people behind the Lee Hall loan and the Arlington loan are working with the City of Baltimore. As they also know pretty much everything about Wells Fargo's MBS scam, I am sure they have a lot to contribute.. |
January 15th, 2008 |
January 13th, 2008 |
January 10th, 2008 From here on, itll only get worse and worse for Wells Fargo as more and more people wake up and begin to realize they are a bunch of crooks! |
January 9th, 2008 |
January 8th, 2008 |
January 1st, 2008 |
December 25th, 2007 |
December 18th, 2007 |
December 11th, 2007 |
December 10th, 2007 |
December 8th, 2007 BTW, I have a feeling its going to drop much more than that.. |
December 7th, 2007 |
December 6th, 2007 Sorry, had to let it out.. When I woke up this morning, the first thing that poped into my head was the New York Times article I read a while back that announced that the IRS is investigating REMIC trusts. I came straight to my computer (pajamas and all) and began putting it up. Im not sure why I held for so long, but anyways, its great news (unless your Richard Kovacevich, Yoshihiko Miyauchi, or any of the others who were behind the illegal acts). After nearly 2 YEARS of ranting and raving about Wells Fargo and ORIX's tax fraud and plethora of other illegal acts, composing hundreds of papers, powerpoints, videos, and POTWs, something is finally being done.. I guess my 7-3-07 and 8-7-07 "Notice to the IRS" POTWs really hit home I gotta go take a final exam, but im writing another paper which ill put up later tomorrow night or so. |
December 4th, 2007 |
November 28th, 2007 |
November 27th, 2007 As a consolation for the delay, I found this interesting article about more investors losses. The toll is now in the hundreds of billions and the execs are running for the door! Unlike Kovacevich who got out early, these peeps are just now getting out. Isnt it obvious whats going on? Oh, by the way, I just wanted to put out the prediction that the damages caused to investors will exceed $1 trillion. 90% of the CMBS damages will be in the trusts formed by Wells Fargo *cough Kovacevich, Schwartz, and Aini cough*. |
November 20th, 2007 |
November 17th, 2007 |
November 14th, 2007 Im guessing Wells Fargo is not familiar with the "Streisand Effect" |
November 13th, 2007 |
November 6th, 2007 |
October 30th, 2007 |
October 23rd, 2007 |
October 17th, 2007 |
October 16th, 2007 Also, the YouTube Predatorix website was just ranked #70 "Most Viewed" Guru on YouTube for the entire week! |
October 11th, 2007 This false affidavit ultimately led to a fraudulent judgment for DOUBLE the original loan amount against the borrower, AND Wells Fargo and ORIX stealing the apartment complex, AND Wells Fargo and ORIX suing the depositor for the original loan amount. The same thing happened to the borrower behind the Lee Hall Loan. Thanks to the information on Predatorix, the Virginia State Supreme Court slammed Wells Fargo and ORIX on the multiple recovery issue. The borrower is still fighting today, over 5 years later, to undo the damage caused by all of Wells Fargo and ORIX's lies and false affidavits, including this one. This video is dedicated to them. |
October 9th, 2007 *update* The Pick-of-the-Week is up. This video will serve as an introduction to Dot Peel's false affidavit. |
October 5th, 2007 |
October 2nd, 2007 This is definitely one of my favorite POTWs yet. |
September 30th, 2007 |
September 28th, 2007
If you would like for me to return your call, please uncheck the "Private" box. |
September 25th, 2007 After losing the initial case, ORIX tried to appeal. The appeals court again rejected their bogus claims. But who was the real loser? Wells Fargo and ORIX? or the Mortgage Backed Securities (MBS) Trusts that end up paying the bill? |
September 18th, 2007 This time Wells Fargo and ORIX got caught with their hands in the cookie jar! Greedy crooks, they never know when to stop.. |
September 15th, 2007 On a side note, I was looking through the "Just Pay" article from the Economist and saw ORIX's CEO, James Thompson (you know, Captain J), proudly declared "We have an obligation to certificateholders" (true). In the 9-11-07 POTW you will find Henry Bomar saying the same "fiduciary responsibility to noteholders" (also true), and a Wells Fargo and ORIX motion to a Dallas Court, flat out claiming "No Fiduciary Duty" (LIE!). By the way, plenty of other Wells Fargo and ORIX execs testified "no fiduciary duty" in recent cases. Funny, not too long ago they were saying the complete opposite. I dont think it gets any more clear that Wells Fargo and ORIX executives (and their lawyers) are compulsive liars. |
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September 13th, 2007 *note, the lie I am referring to was not him affirming their Fiduciary Duty (which is correct), but rather the fact that this is the second truthful affirmation that contradicts Wells Fargo and ORIX's desperate "no Fiduciary Duty" claims to courts in recent cases, as they will say whatever it takes to not get caught (they repeatedly tell one lie to cover another), even if it flat out contradicts what the same people have testified previously. I made the clip into another video titled "Wells Fargo and ORIX Flat Out Lie To A Judge #2". It can be found on the YouTube Predatorix website or Videos section. |
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September 11th, 2007 Out of respect, I was also holding out on upping the "Bankruptcy Trustee For Hire" video to the YouTube Predatorix website, but I changed my mind. |
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September 9th, 2007 |
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September 4th, 2007 *update* It is almost 9PM. I have been working on this since I got home from school (6PM) and I am only on page 4, haah! I wish Amy Natasha Slivocka (aka Amy N. Howell) lied less because I could have finished this quicker =P So much for studying/homework :-( *update* It is 11:45PM and I am sick of reading this BS. It was entertaining at first but now its just a kill, therefore, I am putting it up "as is". I will add more if/when my appetite returns. The 9-5-07 Pick-of-the-Week. |
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August 28th, 2007 I have also added two videos to the YouTube Predatorix website, "Wells Fargo Sues and Illegally Serves Minors" and "Wells Fargo Stalks Teenagers", both referring to the harassment tactics which were implemented on my 14 year old brother and I. These are the same extortion methods which were talked about in the Houston Press article. |
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August 21st, 2007 It can also be found on the YouTube Predatorix website. |
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August 19th, 2007 Everyone is getting closer and closer to realizing whats going on. Its funny how just as investors and the government started to smell where the Mortgage Backed Securities stink was coming from, Kovacevich resigned as President and CEO of Wells Fargo! Its like a murder suspect fleeing the crime scene. I forgot to mention that I also added several new videos on the YouTube Predatorix website, noteably a video of James Thompson (aka Captain J) of ORIX lying about his extortion threats to Brian Harris of UBS. |
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August 14th, 2007 Speaking of which, I have added a News Clip of a segment from NPR Radio titled, "US Mortgage Market Woes Spread To Europe". This segment is about the impact of subprime Mortgage Backed Securities or, "Toxic Bonds", on the European market. |
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August 10th, 2007 I have added a News Clip from the New York Times where they note that Kovacevich resigned from Wells Fargo a-year-and-half earlier than expected , just as the subprime mortgage market began to crash. Astonishingly, not one news source besides Predatorix (not Bloomberg, not CNN, not the Wall Street Journal -- no one) has ever answered the most important question; Who is to blame for the subprime failures? Richard Kovacevich! |
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August 8th, 2007
Now it will be much easier to watch the POTW videos, as they will be streaming directly on the page!
I will be adding the rest of my videos tomorrow. |
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August 7th, 2007 If the IRS thinks this is fine, then everyone can consider their paychecks as a reserve (not income) for the "future losses" expected upon retirement, yippee! But, what if there is no retirement (future losses)? This one is a field day for the IRS. As I have just recently posted something for the USDOJ, ill have something for the SEC next |
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August 3rd, 2007 I predicted the exit long before and have reiterated his plans to leave numerous times (notably in the July 10th and March 18th posts)! I was curious whether or not the government would get him before he got away but I guess he made it out.. On the brightside, I think it will be pretty humorous when John Stumpf gets stuck holding the bag for Richard Kovacevich's actions after Kovacevich has already cashed out. |
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July 31st, 2007 Out of the utmost respect for Judge Stickney, the Magistrate Judge from of the Northern District of Texas, I have decided to remove the recently posted "Judgment Pipeline" and "Litigation Pipeline" which were both posted as last week's POTW. |
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July 28th, 2007 Cliffs: We now have a "7-24-07 B" POTW. |
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July 24th, 2007 This report shows a systematic extortion racket whereby Wells Fargo and its servicers, in this case one of ORIX's divisions (ORIX Financial Services), use loan documents to engineer and fabricate technical defaults to obtain fraudulent judgments far in excess of the original loan obligation, thus, bankrupting borrowers and stripping them (and their families) of equity. I also have their "Litigation Pipeline" which I may post later. I would analogize the two pipeline reports to the diary of a murderer. This could be a field day for the USDOJ! |
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July 20th, 2007 |
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July 17th, 2007 |
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July 10th, 2007
These future sites will be more 'stationary', in that each site will remain that way once completed (unless I change my mind). Predatorix will continue to be updated frequently and continuously until its purpose has been served. Oh yes, I almost forgot, today is Tuesday which means its time for the Pick-of-the-Week! This week I have chosen Richard Kovacevich's exit strategy. It appears he is tip-toeing his way out the back door, and giving up his titles one-by-one. **UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty. |
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July 5th, 2007 |
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July 3rd, 2007 I don't know about you, but if it was me, id go after that money like Wells Fargo chasing the guarantor of a judgment, on a liquidated REMIC trust loan, in a foreign country, using a false proof of claim |
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June 28th, 2007 If you have not seen this week's POTW yet, take a look. It is definitely one of the best ones to date. |
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June 26th, 2007 I have something really good coming up this week. I will probably put it up Thursday or so. |
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June 19th, 2007 |
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June 12th, 2007 |
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June 7th, 2007
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AIM: CyrusPredatorix
MSN: CyrusPredatorix@hotmail.com
Yahoo: CyrusPredatorix|
June 5th, 2007 |
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May 28th, 2007 |
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May 22nd, 2007 |
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May 17th, 2007 The first one is an article from the New York Times titled, "A Warning on Risk in Commercial Mortgages" which was distributed and discussed in an ALI-ABA conference I went to a few weeks ago in Chicago. The seminars were very informative and had highly knowledgeable panels. The second article is a transcript of Ben Bernanke's last speech titled, "Regulation and Financial Innovation" with a few notations on things to consider which I have included myself. The notated article can also be found through the Predatorix Studies section. Now everyone is starting to realize somethings up -- it is time for everyone to become aware of Wells Fargo's scam! |
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May 15th, 2007 The more I think about it, the more I realize that it is similar to the Wehba and Bentley Forbes case which was the 2-13-07 POTW. This case just gave me the idea for my next paper which should be complete in a week or two. |
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May 14th, 2007 Anyways, it is time for me to 'workout the finger' (as Craig Malisow of the Houston Press puts it) and 'stick it to the man' (as most of the digg.com members put it). I have updated the First Union Plaza (999 Peachtree) case in the Borrower's Cases section of the site. The appeal court rejected Wells Fargo and ORIX's extortion/harassment attempt and made several other breakthroughs. Good job! |
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May 8th, 2007 |
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May 4th, 2007 3/14/2006 See also SFE vs. Wells Fargo, ORIX, et al. |
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May 1st, 2007 |
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April 27th, 2007 |
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April 24th, 2007 |
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April 19th, 2007 I will be working on adding more cases. I am currently planning my next paper which will be up in a week or so. |
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April 17th, 2007 |
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April 12th, 2007 Yes, this is the same partnership (ORIX Capital Markets Operating L.P) whose existence was denied by ORIX. Furthermore, John Dinan is the same guy who testified on the stand in the Dallas Federal Court on September 26th, 2006 during the Predatorix injunction hearing that "There are no partnerships within ORIX at all, period"! |
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April 10th, 2007 |
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April 3rd, 2007 This validates what a concerned stockholder forecasted a year ago in a letter which was POTW 5-9-06, see point 2! |
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March 29th, 2007 |
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March 27th, 2007 |
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March 20th, 2007 |
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March 18th, 2007 **UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty. I have also fixed the link to the 3-13-07 POTW on the Multimedia section. |
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March 17th, 2007 Now that I have the 2006 Annual Report, I will be working on the second "Mortgage Servicing Rights Exposed" paper, which will be accordingly titled, "Mortgage Servicing Rights Exposed 2". |
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March 13th, 2007 This POTW is the judges Opinion and Order in Wells Fargo and ORIX vs Love Funding. It was a humiliating defeat for Wells Fargo and ORIX, both of whom were both found to have committed Champerty (a disastrous branding for any financial institution), or Barratry, on behalf of the MLMI 1999-C1 Trust whose name was also besmirched. |
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March 6th, 2007 |
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March 4th, 2007 It can also be found in the Miscellaneous documents section. |
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March 2nd , 2007 The first article is titled, "18-yr old kid is scaring the pants off Wells Fargo", which is digg.com's article on Predatorix. The second article is titled, "Homeowners face crisis from predatory lending: Dodd", which is MarketWatch's article about Senator Christopher Dodd's speech. The speech regarding the danger of predatory lending and subprime lending was addressed to the Senate Banking Committee, which he is the chairman of. |
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February 27th, 2007 |
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February 25th, 2007 Sorry everyone, my site hit the front page of digg.com and for the first time the site exceeded 600,000 hits in a day which caused the site to go down for about an hour. Thankfully the host upgraded my site to the top hosting package so we are back up! Digg away! And yes, I am 18. Cliffs: I discovered gross securities violations by Wells Fargo, mostly relating to fraudulent accounting, predatory lending, and flat out illegal mortgage backed securities practices. To see the original complaint filed in the Federal Court of Dallas, read this. Wells Fargo booked over $17,000,000,000 in Mortgage Servicing Rights (basically, they book the right to screw people with fees as an asset) and issued shares to management. Little by little, they are diluting the power of shareholders (as they have rejected every shareholder proposal since 2002) and taking over more and more of the company by booking increased MSRs yearly. Presently, MSRs are equal to 39% of shareholders equity! I would like to note that Wells Fargo was not always a bad company. It was taken over in 1998 by Richard Kovacevich who was the President, Chairman, and CEO of Norwest, who then integrated his crooked schematics into Wells Fargo (which is why the logo for Predatorix is a Wolf in Sheep's clothing). **UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty. |
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February 23rd, 2007 3/14/2006 |
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February 20th, 2007 I'm sorry Wells Fargo, but MLMI 1999-C1 is a Commercial Mortgage Backed Securities REMIC Trust, not a Litigation Claims Backed Securities Trust... |
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February 18th, 2007 I'm putting the finishing touches on a pretty good POTW for this Tuesday. |
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February 15th, 2007 I have also added the Distribution Reports for the MLMI 1998-CT1 Trust (in addition to the MLMI 1999-C1 Trust). I will be adding more distribution reports for other trusts soon. Watch out not to get the names mixed up, as they are similar. |
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February 13th, 2007 Today also happens to be Tuesday, which means it is time for the Pick-of-the-Week! This POTW includes a case where Wells Fargo and ORIX fabricated a default against Bentley Forbes (a highly reputable and experienced real estate investment group). Also included is Bentley Forbes complaint against ORIX. ...and may there be many more POTWs to come |
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February 12th, 2007 This is going to be a great week for Predatorix as we approach our one year anniversary! |
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February 6th, 2007 |
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February 2nd, 2007 |
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January 30th, 2007 |
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January 28th, 2007 |
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January 25th, 2007 Once I post it, the transcript should help educate everyone on how to defeat a key part of the Pre-empting Workouts racket. |
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January 23rd, 2007 |
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January 19th, 2007 |
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January 16th, 2007 |
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January 11th, 2007 |
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January 9th, 2007 |
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January 4th, 2007 Because MSAT is composed of securitized securities there is no servicing, thus it has only pooling agreement rather than a pooling and servicing agreement. |
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January 2nd, 2007 I have updated the Pick-of-the-Week. This POTW is a letter from Wells Fargo to the Federal Reserve proposing numerous new tactics to cheat and steal from borrowers and bank clients. The letter can also be found in the Letters section. |
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December 26th, 2006 |
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December 25th, 2006 Today I decided to compile a certain string of POTW's into what I have collectively dubbed "Chronicles of the Nonexistent Secret Partnership". Sounds good, eh? It can be found both under the Predatorix Studies as well as the Lies section. It is my mission to, step-by-step, expose every Wells Fargo and ORIX lie. There are more of these Chronicles to come |
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December 19th, 2006 |
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December 16th, 2006 |
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December 12th, 2006 |
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December 8th, 2006 It has also been added under the Wells Fargo and the ORIX cases pages. |
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December 6th, 2006 |
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December 5th, 2006 I have also added their letter to the lies page as a Lie by Fish & Richardson. |
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December 4th, 2006 |
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December 2nd, 2006 I have also added an article regarding the Trigild Lender Conference which took place a few weeks ago. With ORIX frozen out of the servicing business (see Depositors Meeting article), it looks like other Special Servicers are trying out for ORIX's vacated position as Wells Fargo's top predatory CMBS servicer. |
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November 28th, 2006 The Pick-of-the-Week has been updated. This shows how Wells Fargo and ORIX have the ability to foreclose on any borrower, at any time. |
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November 27th, 2006 |
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November 22nd, 2006 I have updated the Ask Cyrus! Archive and Top 5. I am working on making a new section regarding 'Wells Fargo's Pyramid CMBS Scheme' which should be up soon. |
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November 21st, 2006 |
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November 20th, 2006 |
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November 14th, 2006 |
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November 13th, 2006 POTW 5-9-06 |
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November 9th, 2006 I predict that Wells Fargo's Board of Directors will reject every stockholder proposal in 2007. After the proxies I plan on zeroing in on Wells Fargo's investments in MSAT. |
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November 8th, 2006 I am looking forward to adding a few other things which I am currently working on. |
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November 7th, 2006 |
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November 6th, 2006 |
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October 31th, 2006 |
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October 27th, 2006 |
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October 25th, |