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GMAC Mortgage: "Proudly Executing Up To 10,000 Fake Documents Per Month"
Since we live in a day and age when nobody in their right mind has the attention span to read an actual deposition transcript, here is a powerpoint presentation prepared by Max Gardner's Bankruptcy Boot Camp excerpting the deposition of GMAC Mortgage employee Jeffrey Stephen in which he essentially confirms that the firm executes up to 10,000 fake documents per month. The punchline:
Q. So other than the due date and the balances due, is it correct that you do not know whether any other part of the affidavit that you sign is true?
A. That could be correct.
We could be wrong, but this is about to become a national level scandal.
Full must read summary (ppt link, feel free to send to all your friends and neighbors who may have had a GMAC mortgage):
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While it is obvious this is fraud at the highest level, nothing will come from it. We will be talking about a koran being burned or a mosque built in short order.
You ever see the movie "The International." Everyones hands are in this. Who are you going to go after
Oh, I dunno. This could offer more consumers the opportunity to NOT pay their mortgage, or even get a free house in that rare occasion. And lawyers will smell the blood in the water - deep pocketed defendants, and someone even less popular than them to sue (and a decent paper trail and precedent).
I agree that this won't likely blow up. But it is one more chink in the armor. And eventually we reach the tipping point where perhaps people realize that maybe the system really isn't in their benefit...
Seeing as the GSE's are now owned by the taxpayers, and the taxpayers are the ones with the mortgages, aren't the tax payers owners of their mortgages?
The way I see it, everyone is entitled to a free home. I'm not saying I agree with it, but I'm calling a horse a horse.
Seeing as the GSE's are now owned by the taxpayers, and the taxpayers are the ones with the mortgages, aren't the tax payers owners of their mortgages?
I agree, except only the elites own it, not the people.
The way I see it, everyone is entitled to a free home. I'm not saying I agree with it, but I'm calling a horse a horse.
You're in the Barney Frank camp, except in his vision, someone else pays for that "free home".
Cmon, JLee. You should know Barney doesn't like a sour puss.
"Cmon, Snake Eyes! ....Snake eyes for the free house."
Don't let the Honorary Congressman huff and puff and blow your house down, JLee.
Exactly, no scandals allowed going into elections. S/P 1550 and more CNBC cheerleading! All is well...
Tyler, you're harshing my mellow ;)
Agreed. ZH points out and picks up some great shit nobody else does but as usual, nothing ever comes of it. People really don't care - just the ones reading this forum.
Sad isn't it? I'm so happy I could just shit.
There are a group of attorneys (almost all local people, small biz owners and solo practitioners) that see this every day, and we CARE and we do everything we can do to make sure that judges CARE.
Quote
People really don't care
EndQuote
I think the people do care. The problem is that elected officials and government adminstrative types do not seek to uphold the law. If they did there would be people going to jail and an economic system in the toilet.
How are you going to get elected if you put your corporate benefactor behind bars? Screw the people!! We gotta save the system of democratic corporatism.
A Black Swan is likely to have that transient aspect...at first.
"The International." - Great movie, justice cant be had in the official system because ever1 is a part of the scam
Mozilo reached out to borrowers as part of a "little experiment" to understand the reasoning behind making only minimum payments on so-called pay-option loans, a practice that boosts the total amount due, the 67-year-old CEO told investors Wednesday in New York.
"What we're finding out is that they're pretty smart," Mozilo said. "It's like voters: Individually they're sort of idiots, but collectively they seem to make the right decisions."
"CEO Makes Call on Pay-Option Loans: It's Risky", from Bloomberg News.
....a " little experiment " . Hilarious. Reminds me of Don Ameche and Ralph Bellamy in Trading Places. They bet a buck on converting a homeless bum into a Philly aristocrat. Mozillo wasn't betting a buck. He must've watched the movie one time too many.
That quote's from way back in September 14, 2006 when banks actually thought that they were going to get their money back. |B^)
@spalding
Is that a recent quote by Mozilo?
Edit: never mind.
http://www.youtube.com/watch?v=J6_1Pw1xm9U
http://www.youtube.com/watch?v=9efgLHgsBmM
http://www.youtube.com/watch?v=Ivp4YqGCI-s
Obama can't provide a birth certificate, you think anything will come of this?
He can so provide a BC, he just doesn't care.
That's one monster Q&A. However, that one word--"could"--turns this to shit. Sorry. See ZH in a few hours...
If that guy's a lawyer, he should be DISbarred, tout suite.
ya know TD, your little zerØhedge website is an insanity i have never know before. well, at least, i acknowledge this. that is a good step, right B O B.
Right. Maybe you can work out the next eleven steps for us, kc. But I gotta say, praying to a Higher Power doesn't seem to be cutting it for America.
Then again, the good Lord is said to help those who help themselves.
Pitchforks, anyone?
"Then again, the good Lord is said to help those who help themselves."
...well that helps explain Goldman...help themselves to evrything tht is not nailed down and then claim to be doing God's work.
Stealing is not rewarded.
Great transcript of the deposition!
Back in the January 15, 2007 issue of Bloomberg's Business Week an article on the bankruptcy bootcamp said:
"...Bankruptcy Boot Camp, the brainchild of O. Max Gardner III, the go-to guy for consumer bankruptcy attorneys across the country."
Bankruptcy always reminds me of when in Oct. 2005, the TBTF credit card banks convinced congress and Bush to make personal bankruptcies much more difficult to perform, so the card holders that they had trapped into 30% rates couldn't escape the loan sharking rates that way?
Strange isn't it--it would seem they were prescient about blowing up the global economy!
Now where's the law holding them responsible in any way, form or manner whatsoever?
Max has hundreds of graduates from his bootcamp. He maintains a listserve so that they can all network & assist. These folks know what they are doing. Around my parts they have been engaging in securitization issues and haven't had too much headway so far because, well, judges just don't want to upset the applecart too much. Let me tell you however if there is anything that makes a judge pissed it's being lied to under oath. Madder still is having false affidavits filed in hundreds of cases that they didn't give a second look at because everyone knows that a bank doesn't foreclose unless it has good reason. When Max's bootcamp attorneys start bringing these cases across the country there will be a real shitstorm that starts brewing.
SOSDD
"That could be correct"
http://www.youtube.com/watch?v=AsE34vGN_08&feature=related
The prices of houses, and all the mortgage paper that backs them, are all going to zero anyways. Along with rents.
This is but a mere speedbump on the road to hyperinflation.
Weimar Germany, bitches, housing cost less than 1% of income.
Very few, if any of the people who avoid foreclosure through this loophole, will have the foresight to invest in productive enterprises or precious metals. So its not like they're going to gain economically.
Is that right though? Do homeowners (non-paper asset holders) lose in a hyperinflationary scenario? Or do they find the house they paid $200k for is suddenly worth $2m due to the devaluation of the governments nonsense-notes?
I only ask because in the UK - housing ain't really down (since 07), oil ain't really down (since 07), metals aren't really down (since 07). All that's down is Sterling vs the other made-up-rubbish. Not arguing with you - I'm a bit of a hard-ass on this - debtors should pay - or default and lose their assets. But I can't see the mechanism for what you describe when the US/UK just prints and prints and prints and prints until all the debtors owe peanuts.
Put me right someone - I'm earning well at the moment (luckily and probably temporarily), and would like to know what to do with my fiat stipend.
Houseowners lose everything in a hyperinflation because the entirety of their income is consumed in consumables.
The deflation over the past 3 decades has been the key driver of housing prices. Inflation, especially hyperinflation, unwinds those gains.
*delete plz*
No need to delete.... It's what I'm trying to get to. Hyperinflation isn't people pushing money around in wheelbarrows (necessarily). It's earnings vs assets. Here in the UK we are on a merry old game where nobody gets a pay-rise for the last few years - but everything gets more expensive. People (I meet) are just now slapping themsleves awake that this is the case.
It will pan out the same in the US because people who depend on certain prices for work, trade, feeding children etc will not be able to afford it.
As I tried to explain to my Dad the other night - when he looked at me sorrily with a "why aren't you just like us" face - we've had> the hyperinflation. That was the 90-10s. Anybody who has saved money has lost massively. If you are, like me, in your late 30s - your parents will not get it.
The wheelbarrow is a post hyperinflation event - called currency collapse. It may or may not happen. I have a horrible fear it will in some regard. But get it straight - hyperinflation has happene. This is the aftermath.
Sorry for the inappropriate bolding - the editor is pants.
Hey, Mac,
No, disrespect, but everyone' parents are like yours, necessarily. My son is 36 and I'm 67, but I'm educating him not the reverse. |B^)
bullionvault.com is what you do with your stipend; they offer Silver too now, you'll notice. This, of course, will result in much larger profits than gold. Cheers.
No. It is not correct. House prices inflate with other fixed assets during hyperinflation. It is true that during hyperinflation there can be a lot of volatility in the relative rate of price change in various assets, depending on rapidly shifting demand and supply blockages within the economy. So at some point they may be a bit behind or a bit ahead of the appreciation in other assets and in tradable goods, but that is not a big deal.
Householders may do badly for other reasons, eg if they are on a fixed income or are employed in job categories where they have little power (eg many of the professions, taxi drivers, etc), or they lose their job, but that is not related to home ownership.
Anyone who has a mortgage potentially benefits enormously. Ultimately the mortgage effectively goes to zero while the value of the property appreciates. However, since hyperinflation does not happen instantaneously but is the culmination of a gradually increasing rate of inflation and economic dislocation, the risk for a mortgage holder is of losing employment and income at a stage before the value of the mortgage has been dramatically sliced, being unable to pay the mortgage at that stage and losing the property.
Those who hold investment property may get caught out, since rent control is one of the things governments automatically try to impose in a futile attempt to slow the pace of inflation and to stop having people thrown into the street. That's probably less a risk with commercial real estate.
During the hyperinflation of the Weimar republic (and also that of Austria and Hungary which was occuring at about the same time, for essentially the same reasons), people were able to retain value in gold, silver, jewelry, and particularly foreign currency (at that time the dollar, the pound, swiss francs, but effectively any currency that was not subject to hyperinflation itself) and shop keepers began to greatly prefer foreign currency.
Any securities whose value is fixed in currency terms, such as government or commercial bonds became worthless, so don't put your money there (unless it is very short term).
Farmers tended to hold back their produce until they really needed to sell it, since it retained its value while the currency depreciated. But there is a limit on the lifespan of a lot of produce. There was a tendency to buy up and hoard stocks of commodities, such as coal, but you then need somewhere to store it. Also any hoarding of consumables runs the risk that at some point it will be taken from you by force, by the government or rampaging mobs. It is obviously easier to hide precious metals, jewelry and foreign currency than to hide great stacks of coal, wheat and cattle.
This may help. When most people think of hyperinflation, they think of exacerbated inflation, but true hyperinflation is an entirely different beast altogether. Hyperinflation isn't runaway inflation (although it can start that way), it's a mass panic out of a currency. When this happens, the sellers of goods and assets will only trade their real goods for an extrodinary amount of currency, and quickly adjust for any revaluations that the government makes to the zero on the banknotes. Ironically, this means that there's always a shortage of currency even as a government floods it into their economy in an attempt to stabalize the situation. Wages don't keep up with inflation under these circumstances, so the lady in the picture had probably traded some real asset (likefine if her dresses) for that wheelborrow of cash. Under these circumstances, housing loses real value due to all of the people who'se electric and water costs are skyrocketing. They have to sell, and housing loses value compared to other goods. Here gold and silver are king. They actually appreciate greatly in buying power as the panic sets in. You might want to consider picking some up as "insurance". The time to buy would be before any general panic sets in. (now)
I know as a RE agent that this is a fuck'n big deal. I have contracts in the works with servicers that I am informing buyers about the potential problem. Attorneys also are unaware. Also, i have a friend who in being foreclosed by GMAC. This issue will blow up very fast as it has already this much. - and Fuck Barry. Don't Tread On Me
Blah blah blah blah fraud. Blah blah blah blah "...it's an outrage!..." blah blah blah blah blah blah blah....nothing changes. Human beings are fraud machines. We are wired for greed and duplicity. Blah.
Yep. And I thought I was cynical! Pretty right on though. If it doesn't interfere with American Idol, they just don't give a shit.
Getting kicked out of your home tends to interfere with AI nights. Lots of people care. This is not just a GMAC problem.
I'm serious. Human neuropathology predisposes us to primitive thinking, and herding behavior. Every "bubble" is precipitated by the herd piling on in an orgy of abject greed and depravity. Blah.
The global financial crisis-caused by greed, moral meltdown and public policy disasters.
Looks to me like a LOT of notaries public are going to be doing hard time for their part of this crime. The notaries need to go down hard to send a clear message that their complicity in this kind of fraud will not be tolerated in America.
Notaries can't be trusted! But they sure can come in handy.
One can hope Tyler is right about this becoming a national level scandal.
With a minor adjustment to a fine Beatles tune:
Black Swan singing in the dead of night
Take these broken wings and learn to fly
All your life
You were only waiting for this moment to arise
Black Swan singing in the dead of night
Take these sunken eyes and learn to see
all your life
you were only waiting for this moment to be free
Black Swan fly, Black Swan fly
Into the light of the dark black night.
Black Swan fly, Black Sawn fly
Into the light of the dark black night.
Black Swan singing in the dead of night
Take these broken wings and learn to fly
All your life
You were only waiting for this moment to arise,
You were only waiting for this moment to arise,
You were only waiting for this moment to arise
Beautiful - I love that song.
sweet!
What makes you more optimistic than other housing experts?
I look at two economic indicators that I think drive the housing market: the growth in employment and the growth in personal income. Getting a job or a salary increase is what motivates people to buy their own home. This is different from the data the National Association of Realtors and other organizations rely on. They are more concerned with technical indicators such as the inventory-to-sales ratio and the number of months a house is on the market. These aren't leading indicators. Instead, they move with current changes in the market, rather than predict those changes.
Do you think the housing bubble argument is overblown?
Absolutely. It's overblown because there is no national housing market, so there can't be a national house-price bubble. However, there are bubbles in 75 of the 379 markets I studied. A bubble exists when the ratio of the median existing house price to per capita personal income exceeds 6.8 times. This definition is based on historical data of when other markets, like Houston and Boston, had bubbles.
What markets are likely to show the biggest price gains and declines this year?
We expect the greatest gains in Bakersfield, Calif. (43%), Fort Myers, Fla. (42%), Stockton, Calif. (39%), and Punta Gorda, Fla. (35%); the biggest declines in Harrisburg, Pa. (8%), Odessa, Tex., Roanoke, Va., and Utica, N.Y. (all 6%).
But most people think that Florida and California are overpriced. Why would markets there show the greatest gains?
There is clearly speculation taking place in these areas. But bubbles can persist for very long periods of time, and it typically requires a downturn in the local economies to burst them. Then they can deflate for a long time, too. Given the expected gains in employment and income in both states, I don't expect the housing prices to fall in 2006.
May 15, 2006 - Michael Youngblood, Managing Director of asset-backed securities research, Friedman Billings Ramsey & Co
when looking back this could be seen as the straw that broke the camels back.
Straw? There has been a factory load of straws dumped on the population and nothing....
What can they do? Vote for the next fully paid for congressmen, senator or president? Take over the government that has the largest military in the world? Trapped. Checkmate. You can move...that is what you can do. That is the only option left. I love these folks who "buy productive land" in this country. You think if it's free and clear they won't...uhh...tax you a monthly payment that will put you under? Seriously people. At what point do you ask the question, "why do I keep doing and saying the same thing every day in and out expecting a different outcome?"
+1
The people are largely incapable of rising up military aside. The illusion of two parties keeps the anger manageable, and the rest of the anger is soaked up with TV and drugs. At some point they will rise up but it will be far to late at that point to preserve any wealth. The best case for America is a rapid collapse of the currency and the union braking up, probably on state lines. Have to pray that the corrupt state governments will stand up to the corrupt Federal government. Barring that will be USSA. And in either case the standard of living in this country will collapse.
People want to believe differently, but the America of today is not the America in the history books. America is sick and dieing, but so high on drugs and entertainment it hardly notices it.
Legalize it, tax it, cut all police funding to fight it.
Gotta love how the sneakin' Ally goes wrong... At least there is always time to Phish
http://www.youtube.com/watch?v=_ANVprE56aw
Quantitative Easing will make this disappear and..
03/11/2010-- The Unique Treatment of GMAC Under TARP
Source:
http://cop.senate.gov/reports/
Row, row, row your boat, create a new revenue stream. Merrily, merrily, merrily, merrily, Life is but a Ponzi scheme.
Government: Give us more money to put reform in place. We promise to make it right this time. If you don't, a crisis will occur.
I think you're wrong.
Someone owns the properties and they will eventually foreclose.
Lots of legal nonsense in the meantime, same old same old.
If you think anyone other than money grubbing lawyers cares about these legal technicalities, you're wrong.
I think you are missing the clear title issue. It will be difficult for buyers of a property to demonstrate clear title when the line of assignment has been clouded. Property law is well established for a reason. Ownership of property follows a documentation process for a reason. It's not just lawyer v. lawyer thingie. As a licensed real estate broker I can guarantee you that this is not a minor deal. Besides, counties of all States have been denied filing fees in the untold millions of dollars. They will be pissed when this comes to light. The Prosecuting Attorney's offices for most states/counties are right down the hall from the County Clerk's Office. As far as any County is concerned, the last deed filed at their office is the last owner of record. Many of the newer deeds never saw a county clerk. I've seen deals go belly up for less. Having an attorney at closing or having title "insurance" does not mean anything if there are exclusions in opinions or escape clauses in policies.
This brings to mind a great business opportunity. We can create "Virtual County."
This is the place where all of the properties, from every state, that have been orphaned by the various banks/mortgage companies/lawyers/thugs, can be given a new title. The freshly laundered property is free and clear, with the blessing of the Virtual County Clerk and the Virtual County Attorney, who have received a small fee for their services.
All we need is a website and a PayPal account to make it "official."
It's a billion dollar idea.
Shhhh! The folks from MERS don't need any encouragement.
A long time ago I read a comment or article from someone on Minyanville that this problem would blow sky high. But if memory serves me he claimed the assignment would be more than clouded because tranches had been broken into transches etc... More and more the cash flows would lack distinction and though the documentation followed the cash flow pathways they were many steps behind. Eventually the documentation could not be traced correctly.
The CONgress will pass some bullshit bill to protect their bankster handlers and give the banks an exemption to the process.
Otherwise it's major clusterfuck time!
And over-ride state law? Never.
Just keep one thing in mind, folks.
In our system, what you think of as your "money" is someone else's debt. Just imagine if the debt from--how many houses is this, millions??--is wiped out! This will wipe out your bank account, or perhaps your employer's account, yeah, the one they keep the money for payroll in...
While I'm at it, it looks like the taxpayers will be on the hook to pay for all the losses...
So let's not cheer too much for the deadbeats who are gaming the system by living rent-free in a house they can't afford. The banks may not be snow white, but the deadbeats sure aren't either.
---News Flash---
Your bank has already been wiped out. There are probably no more than a handful of banks in the U.S. whose actual market value of assets exceeds their actual market value of liabilities. In other words, your old sofa has more real money in it that almost any bank.
So the only effect will be to issue more fake money, pump it into the fake banks to prop them up long enough for the perps to quietly get out of town.
I, for one, really want to know where these bastards are headed with all that loot, 'cause it sure as hell isn't in the banks.
Notice Elizabeth Warren has been removed from her TARP Congressional Oversight Panel post?
But Ally Bank is supposed to be our friendly neighborhood bank now. Right?
Just to remind you morons out there, the mortgagee is not absolved of the debt.
Maybe laws will mean something again, someday.
Nah, too inconvenient.
Speaking for the vast, unwashed cadre of morons out there:
Technically, that's true. But what we're seeing is more and more mortgagees being absolved of the PAYMENTS.
This will become major entertainment when the mortgagee tries to sell the home to the next poor sucker and the title is tied up like the victim in a bondage porn video.
But meanwhile, WO-HOO - Free Rent!
"This will become major entertainment when the mortgagee tries to sell the home to the next poor sucker and the title is tied up like the victim in a bondage porn video."
Now THAT'S funny!
Seriously though, I wonder if the banks sold their physical tranches while providing a partial or complete guarantee to those they sold the investment tranches to. Can you say "BOOM"?
But who holds the debt? No one knows...
A year or two ago, 60 minutes did a story about someone living in Florida who had not paid his mortgage for 5-6 years. Every time they would try to evict him, he went into court and demanded that they prove who owned the mortgage. The mortgage had been securitized and they never could determine who owned it. I guess this means that a lot of people can stop paying. This should help the retail businesses while destroying the banks and investors.
Securitized MBS is the financial iron that will destroy the FIRE sectors fusion engine, just like a sun death, it cannot extract positive energy outflow and will collapse inwards. REO is the first order of decline.
Skippy...housing, mortage, securitized love affair....http://www.youtube.com/watch?v=zYwrJxK6lz4&feature=fvw
Let me get this straight - GMAC (owned by us) is committing fraud on US. Oh my! Being an attorney in Florida, I can tell you this will have huge repurcussions - Charlie Crist is trying to win a Senate seat and he is currently the gov. And after Rep. Grayson's letter to the Florida Supreme Court Chief Justice today (never heard of that before) requesting that all foreclosures filed by firms representing GMAC (the big three that are currently under investigation by the Florida Attorney General) - Oh my! Oh My! We are in Third World AmeriKa. Oh My! Do not let this one DIE - all roads lead back to GS, etc. - I bet my bottom dollar...........
As for the mortgagee being absolved of the debt - yes they can be if the debt cannot be proven legally. Facts and law are very different in the law world.
Actually, GMAC was sold off on 2006 to help GM stay solvent for a little longer.
GM Sells GMAC's Real Estate Finance UnitThursday, March 23, 2006
DETROIT — General Motors Corp. (GM), struggling with big losses, slow sales and high labor costs, said Thursday it sold a majority interest in its commercial mortgage division in a deal worth $9 billion that gives its finance arm a boost as it prepares for its own sale.
Let me get this straight - GMAC (owned by us) is committing fraud on US. Oh my! Being an attorney in Florida, I can tell you this will have huge repurcussions - Charlie Crist is trying to win a Senate seat and he is currently the gov. And after Rep. Grayson's letter to the Florida Supreme Court Chief Justice today (never heard of that before) requesting that all foreclosures filed by firms representing GMAC (the big three that are currently under investigation by the Florida Attorney General) - Oh my! Oh My! We are in Third World AmeriKa. Oh My! Do not let this one DIE - all roads lead back to GS, etc. - I bet my bottom dollar...........
As for the mortgagee being absolved of the debt - yes they can be if the debt cannot be proven legally. Facts and law are very different in the law world.
Hyperinflation isn't people pushing money around in wheelbarrows (necessarily). It's earnings vs assets. Here in the UK we are on a merry old game where nobody gets a pay-rise for the last few years - but everything gets more expensive. People (I meet) are just now slapping themsleves awake that this is the case.
It will pan out the same in the US because people who depend on certain prices for work, trade, feeding children etc will not be able to afford it.
As I tried to explain to my Dad the other night - when he looked at me sorrily with a "why aren't you just like us" face - we've had the hyperinflation. That was the 90-10s. Anybody who has saved money has lost massively. If you are, like me, in your late 30s - your parents will not get it.
Ther wheelbarrow is a post hyperinflation event - called currency collapse. It may or may not happen. I have a horrible fear it will in some regard. But get it straight - hyperinflation has happene. This is the aftermath.
Bullish. New way for banks to acquire property without paying for it.
The principal is 'created' as part of the exorbitant privilege.
That's the 'out-of -thin' air. It is never intended to be repaid (in the aggregate). The real prize is/was in the interest rate stream. The economy at large never did 'retire' debt.
It is a fallacy to believe that the 'honest' retiring of debt in a compound interest Ponzi has any relevance. The control paradigm is at stake.
And it is falling flat on mathematics. ZIRP, or NIRP for some, and they still can't get traction.
Zero Hedge posts cannot be found using Google unless one gets super specific. Very interesting.
Nothing will come of this, because it's to much of a scandal and the banks and govt. can't have this on CNBC or nightly news. Also if you think this is bad, just look at this article from Britain, "UK Proposes All Paychecks go to the state first". This way the state will take out the necessary taxes on the individuals and then pay you your pay. This is essentially the first pillar of the UK financial house coming undone and crumbling. They want your money before you get it and if something comes up that they increase taxes or fees whatever they will do it and you will have no say. Essentially the UK has their populaces weekly stream of pay going to the govt. and the ability to use it as they see fit.
http://www.cnbc.com/id/39265847
From Loan Modification Purgatory to Foreclosure Hell
http://www.calculatedriskblog.com/2010/09/from-loan-modification-purgatory-to.html
WONDERS OF SECURITIZATION
http://williambanzai7.blogspot.com/2010/09/wonders-of-securitization.html
PATRIOTIC BUMPER STICKERS
http://williambanzai7.blogspot.com/2010/09/patriotic-sticker.html
Two phrases spring to mind: "Your papers seem to be in order (stamp!) NEXT!"
and "I vas chust following orders!"
Ally bank commercials..."it's just the right thing to do..." hahahahahahahahahahahaha
http://www.youtube.com/watch?v=suBGbef5p3g
http://www.youtube.com/watch?v=7qb0vquRcys
http://www.youtube.com/watch?v=nKdIKP1arF0
Offical corporate-speak response here, if you care:
http://media.gmacfs.com/index.php?s=43&item=416
Only interesting point: "GMAC Mortgage has been addressing the procedural challenge for more than three months. In all other respects, the mortgage business is operating as usual."
Translation: "We have been doing this behind your backs for 3 months now. SOP. Nothing to see sheeples, move along please."
Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming!...
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