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Grayson Calling For Prosecution Of Banks Engaging In Criminal Foreclosure Activities
Taz is once again back on the scene, sending the following letter to the US Attorney in the middle district of Florida, and to FBI Director Mueller, "asking for prosection of banks engaging in illegal activities." The particular catalyst to this action was the much discussed last week mistaken breaking in of Nancy Jacobini's home by a JPM contractor. Grayson will release the attached letter at a press conference today in front of the home of Jacobini. In the letter Tax is up to his usual verbal fireworks: "If perpetrators of perjured affidavits and other systematic criminal activity can get off simply with civil liability -or even less, an insincere bureaucratic apology- the freedom that Americans enjoy will erode quickly in the face of lawless seizure of property... Without clear property rights, and a legal system that insists on clear proof of those rights before transferring ownership by force, the economy will fall apart."
Full letter (pdf):
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how about prosecution against ben, obama, grayson and his party for ruining the US
this guy supported and or voted for all the crap that caused the problems.
typical dem MO - create and or enable and problem and then brag about attempting to fix it.
+150 years!!!
wheres the call to prosecute barney frank and dodd who fought every effort of Pres Bush to scale back fannie and freddie and all the over the top push out lending to those who could not afford homes
how about franklin raines
Yeah, even Bush, not once but FIVE times told these sobs Fwank/Dodd Esp),this was getting out of control.
Answer; No pwobwems!!.
Ron Paul was on Clintons ass about it WELL before then!.
If there is no majot jail tiome for every crooked SOB in this chain, it's going to a GREEN light to most Americans..................F' em, if they can do it so will we.
If this is not followed thru by the LETTER of the LAW, and prison time is not done....look out.
Yeah, Franklin???.....that SB got his 50M+ Bonus, and got to KEEP IT!!.
Yea, claim the Democrats did it. There is NO difference between the Republicans and Democrats. It's the banker/corporate/MIC party. And BB was appointed by Bush II.
I for one, appreciate his diligence in this matter.
you continue with your blind worship of liberals and see where that leads.
the country is burning down and you want more of the same.
dont defend the defenseless.
if you can discern the difference - dont vote. just a dem talking point to hide failure - they didnt argue every pol was the same when obama was pitching hope and change lies.
using your caps changes nothing.
Where did your precious republican rule get us for 8 years? 2 useless foreign wars, 9/11, the hunt for WMD, un-paid for prescription drug benefit, un-paid tax cuts (yes, I do understand static scoring), Patriot Act, Guantanamo, and lots and lots of pork-barrel spending.
No, you're right, I can't see the difference. Vote your established republican candidate in and hope for some change...
p.s. haven't 'worshiped' a liberal in my life.
Hey, you kids knock off all of this worthless partisan bickering! It is no more realistic than arguing about who is the best pro wrestler.
Also, it is exactly this form of divide and conquer that empowers the elites. Other than monetary debasement, "lets you and him fight" is their only other trick.
+ QE2
+ QE3
Also, it is exactly this form of divide and conquer that empowers the elites. Other than monetary debasement, "lets you and him fight" is their only other trick.
Exaaaactly!
+$3T that the banks will eat themselves for their own crimes this time. No more TARP.
best pro-wrestler, very nice. I just wish we could see some of them thrown down
NOTW777, you're a complete fool. There is NO real difference between Demoncrats and Rethuglicans other than wedge issues which make it appear there is a difference to fools like you.
Ignoranus : A person who's both stupid and an asshole.
Bozone ( n.): The substance surrounding stupid people that stops bright ideas from penetrating. The bozone layer, unfortunately, shows little sign of breaking down in the near future.
NOTW
Dude,
what can I say but Wake up.
+1. the USSA is a one-party system. Both parties leading the sheeple to slaughter.
Totally untrue... there The Banker Party and The Other Banker Party. They're as different as tangerines and and clementines.
I lol'd.
I have news for you. All the ass clowns running this country have a hand in destryoing it. Party people are just sheep.
Hear Hear !! The guys who say Repubs are better than Dems or Dems are better than Repubs are aholes. These cretins are the cause of this downfall.
your name says it all
Don't care much for a cretin....
NOTW777 is obviously new around here. Give him a little time to wise up.
Say what you want about the guy - I am certainly no fan of any of them, but this is all good. These things need to be said by people who are listened to. This stuff needs to come out and be recognized by the people. This is all part of the necessary process to end this BS. And yes, the end is certainly nigh!
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Completely agree, and I can't stand Grayson. I'm certainly glad someone is finally starting to say these things. In public.
Yeah, that he's down in the polls upwards of 10-points probably has something to do with this. And yeah, it would be nice for this sort of letter to be drafted regarding the Fan/Fred/Ben/Barney unholy empire. But really, to expect that much from any CONgressCritter is probably several bridges too far at this point in our history.
So Kudos to Comrade Grayson - let us hope he's replaced in November by someone as interested in looking at what Uncle Sugar did to bring this about as prosecuting the obviously guilty as sin bankster class.
How long has he known about all this? Why is he waiting until election season to get loud about it? Oh, that's right, he doesn't give a flying fuck at a rolling donut about what's right. He cares about power, like every other useless mound of flesh on Capital Hill. After November 2nd you'll be all like, "Who was that dude who was yammering about jailing the bankers? Grantham? Grayhill? Grant or something?"
pre-election gimmicks?
Typical, NOTW777;
Lose sight of the bigger picture by devolving into partisan attacks... Get this... There's not a dimes worth of difference between the Dems and Rethugs...
Where were you when Bush lied us into Iraq at a current cost of over $700B... Where were you as the Constitution was systematically shredded... Where were you when Bush's Treasury secretary pushed through the $700B TARP bill with fear mongering talk of martial law if it wasnt passed... Where were you when Cheney held secret energy talks with his cronies to divide up the oil... errrr... energy spoils... Where were you when the Patriot Act, spying on Americans, warrantless wire taps on US Citizens, extraordinary rendition and torture were standard playbook items by the Rethug administration... And McCain almost put Sarah (dumb as a bag of hammers) Palin a heart beat away from the nukes! All Repubs... The Dems are no better...BTW, it can be argued that Phil Grahm, a Rethug Senator at the time, is directly responsible for the current condition because of his efforts to deregulate the banking system and getting Glass-Stegall repealed (aided by Bill Clinton)...
The two party bickering will lead to our down fall unless we start thinking, critically, for ourselves...
I could go on... I could also compile a similar list for the Dems, O, and Clinton... Stop it with the Faux News/Rethug talking points... Get a grip and look at who the real enemy is - Wall Street, The Big Banks and the Fed... Put down the bright shiny objects for once and get out of the sand box and look around... Then get engaged...
Grayson is on the right track... So is Ron Paul...
The people that brought this on us NEED TO GO TO JAIL.
Amen.. And pass the pitchforks!
++++++++++++
So you are just going to ignore what happened between 2001 and 2007, when Repubs controlled all three branches of government, and when the housing bubble was inflated.
.
Never mind.
Nice beard.
Shave his head and you've got Ming the Merciless for sure.
I thought he was the dude on the "Just For Men" box.
Good luck with that.
Hair Club for Men has a new spokesman. :>)
On the plus side, Grayson is rousing the rabble. So he's a useful fool.
The real question is, for which side? I see this as a distraction, to once again sate the angry indentured servants until the fix is in. This will be resolved politically long before any banks fail from this little setback to the Ponzi.
You don't seriously believe this is going to stop them, do you? How many times have we seen something come along that we grasped as "The Event" (apologies to NBC) only to have that rug (apologies to Grayson) pulled out from under our feet.
Man the battle stations, the Ponzi has jumped the shark (apologies to the Fonzie).
http://en.wikipedia.org/wiki/Fonzie
http://en.wikipedia.org/wiki/Jump_the_shark
We'll see CD. it is easy to think this as it would be business as usual but never underestimate sentiment. I truly do believe this could be "the event" as the ramifications are truly staggering. More and more people are starting to make noise over it, including the MSM, and the chorus seems to be growing. And of course, an awful lot of money is at stake all around. Grab the popcorn - this will at the very least be interesting to watch unfold...
I secretly (desperately) hope you are correct.
But I have spent, and continue to spend, a great deal of my time studying history. And this playbook is as old as the hills. The premise most of us use when declaring there will be a tipping point is the belief that we still live within a representative republic aka a "Democracy".
That is a tragic mistake. There was a bloodless coup some years ago, well before 2008. It was disguised as something else. Watch for my future article on this subject, coming to a theater near you.
Will we need to bring our own bottle to this theater?
I recommend moonshine and hydrocodone. It works for me. :>)
Please see ZH'ers "Hulk" for the moonshine.
Pfffft...percs ftw! Speaking of, ya got any??
Well,if there was a Coup, (and I am not saying there wasn't), when all this hits the sunlight, there are about 50-70 million Americans that did not sign on to any Coup.
Who's go the balls to tell them?.They are a tad put out over this entire charade, and that's being generous.What are the Coup dudes going to do with/to them?.
This will not be easy, nor fun.
The longer people live within "The Big Lie" the harder they will fight to stay within "The Big Lie". We must understand that the longer the lie lives, the more integrated it becomes into our own worldviews and belief systems. Once something is firmly embedded within the public myth, the more life it takes on as the "Truth".
This is well documented for those who live outside the Matrix. And completely unseen and/or unbelievable for those who live within the Matrix.
well said, kinda like the great percentage who now think Saddam had something to do with that fateful day
Thus the primary reason why the "Big Lie" is endlessly repeated while the "truth" is shouted down as blasphemy and unpatriotic.
Psyops/Propaganda 101
there was also a bloody coup not so long ago.
Keep hope alive CD--or you'll turn into Mako before you know it.
Just because you keep getting punched in the mouth is no reason not to pick yourself up, dust yourself off, and start swingly wildly all over again.
Just because the middle class has gotten anally raped every time the system approached collapse is no reason not to fight and hope for a different outcome.
I read a book once on a guy from New Jersey who ended up a park ranger for an African country. He got told to go to a village where crocs were eating up the natives. He discovered they were filling up water buckets at a shallow angle riverbank where the crocs were just driving by for a Happy Meal. The park ranger fixed up a winch and pulley system underneath a tree about 200 yards upriver where the bank was 5 feet above the river. He showed the natives how to use it, they smiled and he left. Two months later the govt called the park ranger back out to the village cuz natives were getting eaten again. He discovered they weren't using the pulley and asked why not. They told him it was a longer walk, and "if it is God's will that the crocodiles eat us, then we will be eaten." Fatalism is fatal, man.
Sir
I have complete confidence we can turn the corner.
I have no hope if we're expecting those who abuse us to stop on their own. We hold the power. Until we recognize this, not much will change because it is we who enable our tormentors. So it is we who can disable our tormentors as well.
I don't believe in practicing false hope. But I am a big advocate in honest cleared eyed hope followed by action.
Mako is doom and gloom. I am not. I have expended great energy writing about how we can work our way out of these problems. I have written very positive essays about hope and change. Maybe you would like to read them?
Step one. Look in the mirror and recognize that we have assumed a victim mentality. Is it any wonder then that we are always victims?
Hey CD, I'm a big fan of yours--kinda bummed you didn't know that. And yes, I know you've not been doom and gloom like Mako.
Just got scared you were turning a corner into fatalism territory--glad to hear I was wrong.
A couple of clerks will do 90 days and be stripped of their state notary registrations.
Everyone else WILL SKATE
90 days of public service, commuted to 1 week.
1 week end setting up tents and serving beer at a political fund raiser.
I'd love to have a peek at some corner offices on Manhattan high-rises right now. Are these guys literally "laughing all the way to the bank" or are they slouched on the office chaise lounges - 7mm's delicately resting near the temporoparietal region of their heads.
If this is all going according to plan, it's one hell of a crazy plan.
I'm sure you've done this elsewhere CD, but would you care directing me to a summary of your theses.
The "Plan" is controlled chaos as the driving force to engineer social policy. And a whole lot of looting for the storm troopers in three piece suits. Control is the ultimate currency (and aphrodisiac) at the highest levels. Everyone else a few levels below will need to be satisfied with wealth beyond imagination.
Fear is the all important controlling emotion. This isn't a new concept, but an old and cherished doctrine repeatedly used over thousands of years. State sponsored domestic terrorism (direct or indirect) at it's finest, only it's "them" and not US that engages in such things. At least that's the propaganda.
Trust me, the folks in Manhattan have nary a worry. They will still get their $144B in bonuses. WTF do they care if they have to skip town, which has a probability of 1/∞.
They have a proud tradition to honor:
http://www.youtube.com/watch?v=yge311sFhC8
I wonder if you got junked (not that I put much credence in that anymore with the rise in drive-by's) because someone likes Fonzi, or they go to Hair Club, or other?
I think the end of the Ponzi will be assisted partly by the in-fighting between lower-level operatives (the 1-3's on your scale). As the battle appears lost, people will turn to self-preservation and use their final acts to demonstrate their 'redemption'.
So, he's probably doing this as a cheap political ploy to get re-elected, but it is this sort of act that will accelerate as the ponzi crumbles and the lower level actors want to save themselves....
I'd go with the Hair Club junk thesis. Never underestimate the power of the public shame of baldness for those who believe their inner power comes from hair follicles.
The mass media "beauty" propaganda isn't just exploiting women. There's a reason "Hair Club for Men" TeeVee commercials air beautiful women running this fingers through the newly rejuvenated hair of the now sexually satisfied "Hair Club for Men" clients.
Massive egos run riot and comb overs just don't cut it any more in today's world. Interestingly, for those in denial about their secret trips to the local "Hair Club" ("It's me, let me in before someone sees me out here") to even see the words "Hair Club for Men" in pubic.....er sorry...public triggers a massive Cognitive Dissonance. :>)
to the fonz
It would be nice sir, but remember, if these are too big to fail, they are too big to prosecute too.
Eat the bankers!
Eat the banksters!!!
Yes, and later: an invesigation into the Tooth Fairy...
Alan Grayson may lurch uncontrollably into the truth (as John McLaughlin used to say) on occasion, but he is still a grandstanding, disgusting pig of a politician.
Chester the Molester is gone in January so he has nothing to lose here ...
Grayson ups the ante. He's a pitbull who won't let this go.
Get hold of that jugular, boy.
The real question is, for which side? I see this as a distraction, to once again sate the angry indentured servants until the fix is in. This will be resolved politically long before any banks fail from this little setback to the Ponzi.
Agreed. Too much invested in the banks for the gov. Wrist meet slap. That's about it.
Probably true, however, the real social ramifications come when people (like our AZ people from the other day) say FUCK IT!! I will NOT pay anymore, no more mortgage payments. Rightly or wrongly, this may happen.
Ben can print all he wants, the economy WILL collapse if this happens, this is a once-in-a-century type event.
I believe you are right.
I don't have a mortgage myself but I believe the only way to crash the system is to starve the beast. If people started using their mortgage payments to support local business and defund all the multinationals...then the system collapses and we get to re-build locally.
however...the trick is getting people to STOP PAYING THEIR MORTGAGES....out of fear...they will continue. Out of fear they will continue to go to work everyday (myself included) Out of fear....we will run and hide and continue to be good little sheep.
The only way is for the powerful (and by powerful i mean MENTALLY POWERFUL) send all their intent into crashing the system OR all their intent into destroying actual power players....then we might see some result.
But in reality...I think Mother Nature and the universe work on their own cycles and we just have to accept that when the crash happens....it happens.
Unless you define crash down to a reasonable level of detail, you won't know if it ever happens. For many, their world has already crashed. For others, their world is still lovely. What crash are you talking about?
By crash i mean....
1.the elite running for the hills.
2.no more work, no more commuting
3. no more gasoiline and no more food in the grocery store
4. the entire debt Ponzi halted for lack of participants
5. having the powers that be not HAVE POWER
6. spending time on the things that matter, rebuilding local economies with limited resources, spending time with your families, suffering along with your neighbors...basically resetting the clock to zero.
Here, here! No mortgage or any other debt here either.
You are right on the "things that matter". The PTB want us to believe that the only "things" that matter are just that, "things" like I-Pads and other SHIT we don't nor will we ever need.
I get sick to my stomach when I see people (let's take married couples as an example) fighting, divorcing, upsetting kids etc. over "not getting what they want" or think they "deserve" out of life in relation to material shit, a lifestyle, or status. It makes me fuckin sick because these people have been CONTAMINATED by our society and those that pull the strings to the degree that they are no longer human, just fuckin "consumers".
Well, buck stops here matey. We MUST retake control of our own, sovereign space: our mind. We must take it back from those who have for decades manipulated it.
It starts inside each of us.
Hey Wanger, if you have a mortgage, go look at your docs. What does it say on it? Is it a loan or a security deed?
never waste a good witch hunt opportunity. you will be the witch next time.
Is that Josh Brolin?! He's up for re-election right?
how annoying that we have to squeeze all social action/emotion through the confines of the legal system to get anywhere . Such a human made up insitution has been a crap tool for the mafia-of-the-day for so long...sick of it
There are other countries that allow you to throw rocks at the perceived guilty parties, feel free to migrate -- as for me and mine, I'll take "rule of Law(s)" -- so long as the Law(s) are enforced equitably.
"set a thief to catch a thief..."
+1
love the beard, missing the horns...el diablo..
The real crime here is that goatee.
Cynical omniscience may flatter the ego mightily, but does anybody stop to think about the effect it has? When the public starts expecting nothing to be done right, it becomes a self-fulfilling prophecy--why would the gov do more than the people expect???
It is likewise interesting to see a group of people who claim to see through the red-blue single party system pissing on anybody's real actions on the basis of mind-reading about his motivation and party affiliation.
Guilty as charged.
Penalty: No posting on ZH for 2 hours.
Counter offer: Please, not that. I will suffer a slow agonizing death from keyboard withdrawal so this constitutes cruel and unusual punishment. I will switch to posting on Denninger for the day as penance if ZH sentence is suspended. :>)
Just sayin', CD!
The hardest thing is just policing one's "bad" impulses . . . guilt gets us nowhere unless it motivates us to improve.
OK, 2 days on Denninger.
I agree in principal with you Bob. I'm trying to have some fun with my own Cognitive Dissonance. :>)
Peanut gallery pardon granted. You may resume posting with your usual wit and aplomb.
Re your avatar: Six out of seven dwarves are not Happy.
Yeah, but only one of them is outright pissed off most of the time (and miserable to boot, no doubt).
When the public starts expecting nothing to be done right, it becomes a self-fulfilling prophecy--why would the gov do more than the people expect???
When is the last time the "public expected things to be done right"? Been that way for a long time. Obama is a classic example. He convinced millions of people that he would give them more, do more for them, protect them. How's that working out?
A politician is a politician is a politician. The system doesn't allow the gov to do more than people expect. Although, I sure hope they do more hearings on steroids in baseball. I expected more out of that.
If we don't expect more, why are we wasting time with all this posting? Just enjoy some collective bitching?
When the public starts expecting nothing to be done right, it becomes a self-fulfilling prophecy--why would the gov do more than the people expect???
When is the last time the "public expected things to be done right"? Been that way for a long time. Obama is a classic example. He convinced millions of people that he would give them more, do more for them, protect them. How's that working out?
A politician is a politician is a politician. The system doesn't allow the gov to do more than people expect. Although, I sure hope they do more hearings on steroids in baseball. I expected more out of that.
Likewise. I'm willing to give Grayson the benefit of the doubt for now and see how this all plays out. If nothing more, he did allow us all the fun of watching the Fed's brass squirm under his questioning.
http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=player_embedded
Hear, hear. Well said.
Greyson is, if nothing else, ALWAYS entertaining....He should have his own show
If they go after the bankers, the bankers will snitch on the Polyp-ticians.
Honk if I own your house
Honk if you know who owns your mortgage.
The bearded Grayson looks like a 70's porn star....
So where are the congressmen when it comes to reining in the criminals responsible for treason on September 11, 2001?
She would of been Justified if she shot the contractor. If somebody is trying to break into my house(and that's what it amounts to) it would be shoot first,ask questions later. I'm surprised it hasn't happened yet
I am just waiting for President Obama to talk about how we need to "Look forwards, not backwards" when asked about the mortgage mess...
He could shorten it up by just saying, "Bend Over".
Yes, we know the playbook. That's why we need to get out ahead of it.
Thoughts on my mortgage please:
July 2005: purchased property
August 2005: security closing date <private label not Fannie Mae loan; held in trust>
Dec. 2007: mortgage assigned from original lender to MERS
Both the county records and MERS show assignment from original lender to MERS (presumably to the trust) more than two years after the security closed. (The lender went bankrupt in 2007 and perhaps they finally attended to the docs.)
What I am thinking....
Since the docs (presumably both mortgage and note) were delivered two years after the closing of the trust/security, the Trustee would have no standing to sue in event of non-payment. (We are current on the loan/high credit scores.)
Just wondering if somehow holding the mortgage in the name of the original lender for two years is somehow deemed delivered to the trust for purposes of the closing of the trust. If not, we are in the situation where no one -- not the servicer, not trust, nor original lender (they were paid by investors at trust closing) have standing to collect the mortgage payments.
Right or wrong? What would you do?
First thing I would do for your PROTECTION, is find out WHERE and WHO has the Tiltle Deed.The one you SIGNED, and I would not give up until I got it.
Right / Wrong,?, Priority ONE for me, would be say you have every intent on keeping it......you may pay on it this month,just as you have for 5 years, and someone can come and FORECLOSE on you!.
If they can do it to people who DO not even HAVE a Mortgage(paid/free and clear), how can you think your protected?.
I wonder how many folks running for Congress this year would take a "No More Bailouts" pledge.
Has anyone seen any numbers per bank if these empty shell securities are kicked back to them? What is the liability.
Did someone send him my article on Foreclosure Fascism?
Assume Grayson is just theatre.. What else can a nearly lone voice for upholding rule of law be?
It's the kind of star acting (from any quarter) I will stand up on the chair and fully applaud any day. Go Grayson! And thanks for trying to take on the Fed too!
Ugly as his mug might be, i have to laugh out loud at those adolescents who focus on cheap vanity shots as their only means of disrespect. Grow the fuck up... and take a look in the collective mirror.. this fat GMO corn syrup fed country is butt effing ugly across the board.
"Without clear property rights, and a legal system that insists on clear proof of those rights before transferring ownership by force, the economy will fall apart"
An appropriate summary of the current situation in the US. I'm glad Grayson's sending this letter and officially standing up for property rights. To be fair, I was also once glad that he wanted to audit the Fed (speaking of property rights and our ever-so-fractionally gold-backed dollars), but that didn't turn out so well. Also, I've always been annoyed that "Life, Liberty, and Property" was changed to "Life, liberty, and the Pursuit of Happiness" in the Declaration of Independence. What the hell, Jefferson?
how guilty are the robo-signers themselves? you kinda know you're doing wrong, but you do it anyway because you're surrounded by a bunch of other who are doing it too?, and you need the job?, and you haven't gotten in trouble yet, so it must not be *that* wrong...
or is it just the bosses? just doing what they were told...
i recommend checking your local sheriffs' office to see if your local boyz have signed onto:
http://oathkeepers.org/oath/2009/03/03/declaration-of-orders-we-will-not...
conceptually far more similar than most probably realize.
Look up http://en.wikipedia.org/wiki/Milgram_experiment
This is not something unknown.
tnx, stycho - i'd read about that experiment, but had no specific reference. now i do.
there was another experiment done at a northern US school, where they basically 'star-belly sneeched' a portion of the high school population, and 'made them' elites. the results were fascinating and very unsettling.
personally, i'm not counting on generalize cultural awareness as a useful preventative measure.
Grayson is a bombastic tool, and he looks to be out of a job in a couple weeks. He's just feeding his bloated ego.
Why is seemingly everyone on this site cheering the foreclosure snafu? It's just going to make it take than much longer to clear the housing market. The banks love that they don't have to foreclose... they can just keep holding those MBS's at par via mark-to-fantasy.
Really this is a great post from an expert and thank you very much for sharing this valuable information with us.
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