Wells Fargo is beyond despicable. Not only did I fail to be modified upon numbers that were incorrect and it is amazing to say that out loud since you are required to send, send again, send yet again, did I mention send your information over and over and over but they neglected to mention that failed eligibilityto me. I only called them once a week for a year, sent them a tree's worth of documentation,carefully signed in blood and you would think their only job in this process is to inform me of the modification results. I only called them once a week for over a year and a half. Guess they couldn't contact me. Huh.
Well I found out I failed Hamp due to a failed NPV which indicated
false income (I am bolding saying false since I refer back to an earlier passage about mine sending and sending and sending stuff)
Seriously with the amount of documented information how can they blow the numbers unless it is intentional. Then to add serious insult, serious because now I am more likely to lose my home than the pre mod period because I was current then with no thirty days late. I was a good citizen. No more. Then the final question is why didn't they tell me back on January 27 that I had failed. Why were the efforts of a rep that actually read the notes on my account the sole reason I knew I failed, oh that was on May 19.
I would call once and week and started that conversation the same way, any word on my modification, same ol answer, it is still under review. P.S. Today is June 16, wanna guess what they said
tonight when I called. Gotta love it. There are Class Action Suits starting up. I chose two and am recommending contacting EdelsonMcGuire, LLC at Edelson.com and search Lori Wigod v. Wells Fargo, NA
I caught some of the hearings and as expected, pure useless theater between a lawyer-ed up CEO and our Congress.
Meanwhile, back at the disaster, I'm not sure what is going on. Matt Simmons, frankly I really wonder what his motivation is because it sounds just insane....but he's on Dylan Ratigan claiming the only solution is to nuke the well and how the entire well casing is destroyed. How can anyone know the condition of the casing, 18,000 feet below the ocean surface is news to me.
But the bottom line in believing relief wells are just the cats meow is correct...
so we get political puppet theater instead of more focus on the technical details, deploying better technologies, what about dispersants, what about more vacuum oil cleaners and what about the contingency plans for the relief wells...
But it sure seems over and over and over again, the containment clean up is lacking and over and over and over again, we seem to get the focus on anything but that.
I'm just happy someone else besides myself is looking at these EI data releases enough to dig around and notice anything.
This one, well, either there is a revision later or something really seems out of alignment with other reports to me.
But, yes, I finally got a little Excel 2007 to make up some custom graphs, although getting to the data from the Fed was a hassle. (the only site who really has it together is the St. Louis Fed, most easy and awesome graphing system and online no less).
I did see some loss of capacity in early 2000, no surprise because that's where the offshore outsourcing really started, but I also saw a decrease in other periods.
I am never POed Bob - just unduly hysterical. I thought no one else was marking it, but you skooled me last month. This is massive sustained industrial capital flight.
We have an anonymous drive-by who always gets poed about the lack of attention paid to decreased overall capacity. Anonymous is right of course and since capacity utilization is a percentage, you're going to see an increase in percentage even though actual capacity has declined. Now we have a look see at just raw capacity numbers with the "green" graph.
that's what I'm getting. The stuff is seriously toxic, banned in the U.K. and it's just breaking it up into these dime sized globs and then it doesn't float up. That doesn't sound too swell to me, esp. considering the other technologies I'm seeing pop up as collection methods. That vacuuming method is now deployed in a much smaller scale and it sure seems they could get a few tankers, closer to the source to vacuum too. i.e. easier to just plain get the stuff out of the water.
I've yet to hear any reason to the contrary (technical) as to why they just don't switch, unless this is "if you don't see it, you will be less pissed" PR mantra.
What do you mean you cannot edit your comment? You should be able to.
Dispersant is a really bad idea. My impression is this is what is causing these underwater plumes and it sure seems like it would be easier to just try some of those oil vacuum cleaners on unbroken up blobs.
A local man is in the GoM working with his own ROVs and seeing some incredible things.
This sounds as if the surface oil slicks are very deep themselves - like icebergs where a large portion of the oil is underwater.
CNN wanted Mr. Snyder’s ROVs “to go underwater to see if there was oil at depth.”
There was. “We saw the oil, it’s definitely down to 200 feet,” he said, and “there are underwater slicks several thousand feet down.”
Sunday was more of the same. “We were running and gunning,” he said, “going from spot to spot to get ROV’s in the water to get footage.”
At one point “we were out in a really big slick, two miles long and six miles wide, and at least
With the ROVs down sending up images, “you see these brown globules one quarter to half an inch thick. The water looks clear except there’s like this snow of brown stuff.”
The difference between the surface oil and the stuff underwater, he said, is that “the oil comes to the surface in a sheen, but underwater you can’t collect it or clean it out.”
Whenever inflation is raging they report minus the core, now they want to show deflation so they report with the core.
These stats are as skewed and useless as the unemployment stats. If we were actually in a state of deflation no one would be asking for rate increases would they?
Today's hearing on BP CEO is just another headline buzz for Congressional reps. It's AIG or BoA or whatever where absolutely nothing meaningful happened. No one lost their bonuses, no laws changed anything, nobody was really fired....
Instead of Goldman Sachs or the Credit Ratings Agencies, now it's BP.
it's just the same thing to make some headlines vs. actually do manage and reform the oil safety and regulatory infrastructure.
"Cameron is under intense domestic pressure to stand up for BP, which many Britons perceive is being treated too harshly by the U.S. administration to the detriment of British pension fun funds and other investors with big stakes in BP."
BP is a thoroughly domestic entity with 40 percent U.S. Shareholders and a pedigree of a Standard Oil (Amoco) background plus Atlantic Richfield.
There was little umbrage given to Texaco in the U.S. media when Texaco pillaged the Amazon rain forest and dodged liability in local courts. Same point with Exxon Valdez. But all three plundering companies got away with their crimes, Brit or U.S., the gold standard passport is petroleum.
So what is the real economic backdrop? Domestic oil production has been
increasing for some months and the Petroleum Republic likes to keep it that way. They will burn and pollute out of here just like the 80's, but only if we let them. I see little effective opposition.
At 80 thousand bpd, Deepwater Horizon is 1 percent of 7.5 million bpd domestic production. That speaks very loud. Trillions of dollars of oil reserves drown out any talk 'alternative energy.'
While we can rip the oil industry to shreds for just ignoring safety, technology, cutting corners, ruining the environment (globally, not just this incident) and rest..
this is a non story! The reason is the BP chair is Swedish and clearly his English is rudimentary.
That's a simple translation problem, straight from Swedish to English. It doesn't mean small as Americans mean small, so of course instead of the focus on the global environmental issues, the economic issues, the pure hype BS on alternative fuels, all the while really not putting together plans to dominate globally in alt. energy, create jobs and the rest of all of this black tar nightmare..
once again the press will focus on a "non-event" event.
The reason I know this is I lived abroad and the literal small has a host of different translations in Swedish, one of which is small business, localities, regional economies.
In terms of foot in mouth though, BP just keeps stepping in it, but frankly I do not care about any of this crap or ridiculous hearings in Congress...
Those wells and that well just scare the shit out of me as do the relief wells.
how far reaching, who knows and who is issuing CDSes who would have to pay out is also unknown.
I'm watching a press conference to watch the BP claims process be transferred to the gov. claims process....so they discuss "process" and I'll bet money they take longer to actually cut checks.
Not that I do not believe BP was trying to stall on claims, come on, setting up a claims process for the entire gulf area economy and all those affected...
I mean can you put up an insurance company in so many words in a couple of weeks?
I cannot believe Obama claimed to contain the well. this is just idiotic, they simply are ignoring the never ending changing conditions, the unknowns and the possibility relief wells won't work, hit the target.
I feel I'm watching the Obama administration's lack of skill in real management, real governance, in the already swimming pool of government bureaucracy really shine through here. See what happens when people vote for good speech instead of good experience.
I don't know how many posts were on this site about getting the most "bang for the buck" on "Stimulus" and how the "Stimulus" was not "stimulative". They just wouldn't do what was necessary, so we got spending, which can be stimulative, instead of a Stimulus program.
Now all of that money is gone and of course it did not create jobs because those bastards shipped money offshore, even used the Iraq war no-bid contractor structure, didn't invest, which a host of organizations (I liked the AAM plan the best, it was so well thought out, all GDP multipliers calculated), presented great plans to true Stimulus...
and on top of it, tar and feathered Keynesian when the damn thing was not Keynesian economics in the first place.
So, now I get where you're coming from. Right, those are tax dollar jobs, they are not growing the economy, they are not investing per say, they are not saving, including the middle class, i.e. the tax base....
Could BP's failure start a world wide domino effect?
Right now a derivative bet against BP is a sure winner. The casino betting will bury them and then who will payoff when the government steps in to seize assets?
Between this and Fannie and Freddie I am starting to see some similarities to the summer of 2008. If they find that the well casing is shattered and that relief wells are not a fix BP implodes in a matter of days and market chaos begins.
The Ted dipped a bit recently but there has been a sharp upward trend and these events will ensure that generally continues.
Single family housing starts down 17%, etc etc yet the market dips only slightly on bad statistical news and makes tremendous rallies on things such as consumer confidence reports which are worthless.
Is someone setting up the market for a huge short?
Wells Fargo is beyond despicable. Not only did I fail to be modified upon numbers that were incorrect and it is amazing to say that out loud since you are required to send, send again, send yet again, did I mention send your information over and over and over but they neglected to mention that failed eligibilityto me. I only called them once a week for a year, sent them a tree's worth of documentation,carefully signed in blood and you would think their only job in this process is to inform me of the modification results. I only called them once a week for over a year and a half. Guess they couldn't contact me. Huh.
Well I found out I failed Hamp due to a failed NPV which indicated
false income (I am bolding saying false since I refer back to an earlier passage about mine sending and sending and sending stuff)
Seriously with the amount of documented information how can they blow the numbers unless it is intentional. Then to add serious insult, serious because now I am more likely to lose my home than the pre mod period because I was current then with no thirty days late. I was a good citizen. No more. Then the final question is why didn't they tell me back on January 27 that I had failed. Why were the efforts of a rep that actually read the notes on my account the sole reason I knew I failed, oh that was on May 19.
I would call once and week and started that conversation the same way, any word on my modification, same ol answer, it is still under review. P.S. Today is June 16, wanna guess what they said
tonight when I called. Gotta love it. There are Class Action Suits starting up. I chose two and am recommending contacting EdelsonMcGuire, LLC at Edelson.com and search Lori Wigod v. Wells Fargo, NA
I caught some of the hearings and as expected, pure useless theater between a lawyer-ed up CEO and our Congress.
Meanwhile, back at the disaster, I'm not sure what is going on. Matt Simmons, frankly I really wonder what his motivation is because it sounds just insane....but he's on Dylan Ratigan claiming the only solution is to nuke the well and how the entire well casing is destroyed. How can anyone know the condition of the casing, 18,000 feet below the ocean surface is news to me.
But the bottom line in believing relief wells are just the cats meow is correct...
so we get political puppet theater instead of more focus on the technical details, deploying better technologies, what about dispersants, what about more vacuum oil cleaners and what about the contingency plans for the relief wells...
But it sure seems over and over and over again, the containment clean up is lacking and over and over and over again, we seem to get the focus on anything but that.
gee, that goes against the much touted "it's all paid back, it's all good" things are fine mantra.
I'm just happy someone else besides myself is looking at these EI data releases enough to dig around and notice anything.
This one, well, either there is a revision later or something really seems out of alignment with other reports to me.
But, yes, I finally got a little Excel 2007 to make up some custom graphs, although getting to the data from the Fed was a hassle. (the only site who really has it together is the St. Louis Fed, most easy and awesome graphing system and online no less).
I did see some loss of capacity in early 2000, no surprise because that's where the offshore outsourcing really started, but I also saw a decrease in other periods.
Not as significant as this by a long shot.
I am never POed Bob - just unduly hysterical. I thought no one else was marking it, but you skooled me last month. This is massive sustained industrial capital flight.
We have an anonymous drive-by who always gets poed about the lack of attention paid to decreased overall capacity. Anonymous is right of course and since capacity utilization is a percentage, you're going to see an increase in percentage even though actual capacity has declined. Now we have a look see at just raw capacity numbers with the "green" graph.
that's what I'm getting. The stuff is seriously toxic, banned in the U.K. and it's just breaking it up into these dime sized globs and then it doesn't float up. That doesn't sound too swell to me, esp. considering the other technologies I'm seeing pop up as collection methods. That vacuuming method is now deployed in a much smaller scale and it sure seems they could get a few tankers, closer to the source to vacuum too. i.e. easier to just plain get the stuff out of the water.
I've yet to hear any reason to the contrary (technical) as to why they just don't switch, unless this is "if you don't see it, you will be less pissed" PR mantra.
What do you mean you cannot edit your comment? You should be able to.
I can't edit that post but I missed part of the quote so I'm adding it here.
Dispersant is a really bad idea. My impression is this is what is causing these underwater plumes and it sure seems like it would be easier to just try some of those oil vacuum cleaners on unbroken up blobs.
A local man is in the GoM working with his own ROVs and seeing some incredible things.
This sounds as if the surface oil slicks are very deep themselves - like icebergs where a large portion of the oil is underwater.
“It’s not like Katrina,” he said. “You can rebuild houses, rebuild roads, but how do you rebuild a coral reef, the wetlands, the shrimping and fishing gounds?”
I'm writing up CPI as fast as I can so you can put the comments in the right thread. I'm behind on EIs if you didn't notice, sorry! Up soon!
Whenever inflation is raging they report minus the core, now they want to show deflation so they report with the core.
These stats are as skewed and useless as the unemployment stats. If we were actually in a state of deflation no one would be asking for rate increases would they?
BLS is reporting two consecutive months of deflation. Enough said.
http://www.bls.gov/cpi/
Today's hearing on BP CEO is just another headline buzz for Congressional reps. It's AIG or BoA or whatever where absolutely nothing meaningful happened. No one lost their bonuses, no laws changed anything, nobody was really fired....
Instead of Goldman Sachs or the Credit Ratings Agencies, now it's BP.
it's just the same thing to make some headlines vs. actually do manage and reform the oil safety and regulatory infrastructure.
"Cameron is under intense domestic pressure to stand up for BP, which many Britons perceive is being treated too harshly by the U.S. administration to the detriment of British pension fun funds and other investors with big stakes in BP."
BP is a thoroughly domestic entity with 40 percent U.S. Shareholders and a pedigree of a Standard Oil (Amoco) background plus Atlantic Richfield.
There was little umbrage given to Texaco in the U.S. media when Texaco pillaged the Amazon rain forest and dodged liability in local courts. Same point with Exxon Valdez. But all three plundering companies got away with their crimes, Brit or U.S., the gold standard passport is petroleum.
So what is the real economic backdrop? Domestic oil production has been
increasing for some months and the Petroleum Republic likes to keep it that way. They will burn and pollute out of here just like the 80's, but only if we let them. I see little effective opposition.
At 80 thousand bpd, Deepwater Horizon is 1 percent of 7.5 million bpd domestic production. That speaks very loud. Trillions of dollars of oil reserves drown out any talk 'alternative energy.'
of course instead of really creating jobs Congress is looking to reinstate the housing tax credit after these numbers.
While we can rip the oil industry to shreds for just ignoring safety, technology, cutting corners, ruining the environment (globally, not just this incident) and rest..
this is a non story! The reason is the BP chair is Swedish and clearly his English is rudimentary.
That's a simple translation problem, straight from Swedish to English. It doesn't mean small as Americans mean small, so of course instead of the focus on the global environmental issues, the economic issues, the pure hype BS on alternative fuels, all the while really not putting together plans to dominate globally in alt. energy, create jobs and the rest of all of this black tar nightmare..
once again the press will focus on a "non-event" event.
The reason I know this is I lived abroad and the literal small has a host of different translations in Swedish, one of which is small business, localities, regional economies.
In terms of foot in mouth though, BP just keeps stepping in it, but frankly I do not care about any of this crap or ridiculous hearings in Congress...
Those wells and that well just scare the shit out of me as do the relief wells.
how far reaching, who knows and who is issuing CDSes who would have to pay out is also unknown.
I'm watching a press conference to watch the BP claims process be transferred to the gov. claims process....so they discuss "process" and I'll bet money they take longer to actually cut checks.
Not that I do not believe BP was trying to stall on claims, come on, setting up a claims process for the entire gulf area economy and all those affected...
I mean can you put up an insurance company in so many words in a couple of weeks?
I cannot believe Obama claimed to contain the well. this is just idiotic, they simply are ignoring the never ending changing conditions, the unknowns and the possibility relief wells won't work, hit the target.
I feel I'm watching the Obama administration's lack of skill in real management, real governance, in the already swimming pool of government bureaucracy really shine through here. See what happens when people vote for good speech instead of good experience.
I don't know how many posts were on this site about getting the most "bang for the buck" on "Stimulus" and how the "Stimulus" was not "stimulative". They just wouldn't do what was necessary, so we got spending, which can be stimulative, instead of a Stimulus program.
Now all of that money is gone and of course it did not create jobs because those bastards shipped money offshore, even used the Iraq war no-bid contractor structure, didn't invest, which a host of organizations (I liked the AAM plan the best, it was so well thought out, all GDP multipliers calculated), presented great plans to true Stimulus...
and on top of it, tar and feathered Keynesian when the damn thing was not Keynesian economics in the first place.
So, now I get where you're coming from. Right, those are tax dollar jobs, they are not growing the economy, they are not investing per say, they are not saving, including the middle class, i.e. the tax base....
Could BP's failure start a world wide domino effect?
Right now a derivative bet against BP is a sure winner. The casino betting will bury them and then who will payoff when the government steps in to seize assets?
Between this and Fannie and Freddie I am starting to see some similarities to the summer of 2008. If they find that the well casing is shattered and that relief wells are not a fix BP implodes in a matter of days and market chaos begins.
The Ted dipped a bit recently but there has been a sharp upward trend and these events will ensure that generally continues.
Single family housing starts down 17%, etc etc yet the market dips only slightly on bad statistical news and makes tremendous rallies on things such as consumer confidence reports which are worthless.
Is someone setting up the market for a huge short?
Hint hint Goldman?
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