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[VIDEO] Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis, Shows Examples of Forgeries and Fraud

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WOW

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Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis

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4closureFraud.org

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“I haven’t seen any widespread problem” Sasser said

 

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Thu, 09/30/2010 - 21:56 | 617289 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Rep Grayson is insane. He is a crazy, evil, vindictive person. His only purpose in Washington is to lay the framework for National Socialism. In another time, on another continent, he would have proudly displayed his lighting bolt tattoos.

Grayson is dangerous and allied with those who seek the destruction of our constitutional republic.

Fri, 10/01/2010 - 02:58 | 617602 merehuman
merehuman's picture

all those junk, one of them is mine. Because you dont have a clue. Our republic was destroyed  before grayson came along.

2 We already have national socialism , for the rich and the poor.

3He is explaining to J6P in simple  terms what joe needs to know, would you have no one warn the public?
Insane, crazy, evil = george bush? greenspan?

Fri, 10/01/2010 - 00:06 | 617485 alien-IQ
alien-IQ's picture

what the fuck does your ridiculous rant have to do with the content of what he's saying?

he's providing a clear explanation of how a gigantic fraud is stealing the homes of honest people and you're only response is to go off on some lame brained tirade about "socialism" and how evil Grayson is?

WTF?.

Thu, 09/30/2010 - 23:39 | 617439 Bob
Bob's picture

Thanks for the warning, fxrxexexdxoxmx. 

Wow. 

Were you trying to go for irony? 

If so, I must say: That was absolute genius. 

Thu, 09/30/2010 - 23:46 | 617453 i.knoknot
i.knoknot's picture

grayson is a wildcard

at least with dr paul, kusinich and saunders, you know where you stand. grayson will say that the repubs "want old folks to die" in the same breath he'll move to audit the FED. his recent ad against his political opponent was obscenely disengenuous and slanderous (google it), so it seems that he's got his own set of rules.

i often find him entertaining, sometimes useful, but unreliable in any long-term direction.

so... the above critique, as odd as it might seem in the context of this particular article, isn't as 'out there' (or ironic) as it might seem.

Fri, 10/01/2010 - 11:51 | 618391 Ripped Chunk
Ripped Chunk's picture

You supply the perfect defenition of a politician.

Fri, 10/01/2010 - 00:08 | 617486 Bob
Bob's picture

The irony I perceived was that the form and content of the comment screamed the same of the poster . . . yes, I realize it wasn't a joke, but it was a wild-eyed, bible-thumpin rant. 

I don't care about Grayson's history of any kind.  I just want to see him continue to do what needs to be done. 

He's got 4 more years of his current term, so he's gonna be there regardless of what I think or feel about him otherwise. 

Just wanna see him get this job done.  Man, I don't see  why men are letting themselves fall off the path of judging other men by their actions, rather than talking shit about "who they are."  When they're actually doing something that can be critiqued on its own merits . . .  

Why the sideshow about the guy's character? 

 

Fri, 10/01/2010 - 05:27 | 617663 Edmon Plume
Edmon Plume's picture

Who you are is largely determined by what you have done in the past.  It's not silly in the least to suspect someone who prattles on and on about the typical lefty things that are going to cost a fortune and enslave citizens to an even more "benevolent" government.

He's NOT actually "doing something" about it, he's merely talking about it.  Oldest trick in the book.

If grayson has a plan, I guarantee his plan has nothing to do with justice, and everything to do with oversight, regulation, and government interference.  You know, the same things that were in place when these things happened.

Fri, 10/01/2010 - 07:06 | 617736 11b40
11b40's picture

Excuse me, but is obviously IS DOING something about it.  He is turning over rocks and letting some sunshine in.  I just looked at it and so did you.  we are talking about what he DID, so how can you say he has, or will not, do anything.

Maybe you want to tell us which of his opponents you support in this House race?  Then maybe you can tell us what your candidate has done, is doing, or will do.

Fri, 10/01/2010 - 13:26 | 618662 Edmon Plume
Edmon Plume's picture

Sure he's doing something about it, just like the recent wall street reform bill has completely cleaned up wall street, and will prevent any future economic catastrophes due to fraud and dishonesty.  I guarantee grayson's solution would culminate in some form of regulation, which will be far more costly and damaging than it's worth.

You assume that disliking grayson means liking the other guy, whoever he is.

My point - a valid point - is that citizens should beware of any pol who targets one enemy, but embraces the rest of them.  That's populism.  Compare that to someone like Ron Paul.  Grayson teamed up with him on auditing the fed, but on every other small-government issue, teamed up with the enemy.  When RP exposes something - anything - I tend to listen because of his track record pushing small government.  When grayson targets something, it's easily ignored no matter how noble it appears, because of his unyielding track record of big government.

Fri, 10/01/2010 - 01:25 | 617545 goldsaver
goldsaver's picture

nope. He is a member of the hose of representing not a senator. He is actually behind in the pols against his republican opponent.

Fri, 10/01/2010 - 07:38 | 617772 Bob
Bob's picture

Mornin' . 

Yes, I was misspeaking about his election status (see earlier in thread.) 

I hate to slide into what I regard as irrelevant speculation about his character and motives, but it strikes me that if this is only pure political expediency, would it not be reasonable to say that this then is a wonderful illustration of the truth that these congressional idiots need to be kept honest by real election competition? 

If that is what's motivating him, fine.  As long as he's doing what he should be doing, isn't that what really matters? 

Fri, 10/01/2010 - 00:21 | 617500 RockyRacoon
RockyRacoon's picture

He's making the news!  That's what counts.  People who could not care less are at least giving a nod to the situation.  Ever watch the CSPAN coverage of the usual Congressional speech?  ...yawn...  At least Grayson is putting it out there.

Fri, 10/01/2010 - 00:28 | 617506 Bob
Bob's picture

Hey, how many times have you seen Geoffrey Fieger reveal himself as a complete asshole--I hate the guy.  But there are some things that only people like him will do.  Who wouldn't be glad to have him represent them?

Peace Out. 

Fri, 10/01/2010 - 00:02 | 617474 RockyRacoon
RockyRacoon's picture

No other congress clod will touch it with a pole.  He can't be all bad is he's willing to do something to bring the situation to the consciousness of the proletariat.  (I use "consciousness" loosely.)  If not Grayson, who?  If not his way, how?   What is the alternative?

Fri, 10/01/2010 - 05:03 | 617653 i.knoknot
i.knoknot's picture

maybe dr. paul, but i think he's relegated to having picked his battles these days, and this isn't one of 'em.

there sure are plenty of battles to be had.

but you're right - between his 'audit the fed' and this, let him at it!

even al franken is in on this one, and that guy seriously gives me the creeps - but good may come of it, so ... let him at it, too!

if you re-read, i'm not knocking the issue-at-hand, or grayson's position, just defending the bloke who was questioned for calling grayson 'evil' in light of this apparently positive action.

multi-faceted character, mr grayson be. almost any opinion of him makes sense...

i actually laughed at bob's response, but couldn't let AG go without pushing for some additional scrutiny.

cheers, guys

Fri, 10/01/2010 - 07:39 | 617781 moneymutt
moneymutt's picture

Ron Paul is good in his critic of govt corruption and FED but he is a financial anarchists. which I personally feel leaves the regular people in a very weak position to be preyed on by rich and powerful...Paul basically says because the cops are corrupt, so thus we should get rid of a police force, disband it and let everyone take up their own arms and go vigilante. Who takes over then? Who ever has most guys or most money to buy guns. Whoever organizes best.

There is a reason the Wild West towns wanted a strong Sheriff to represent them, not because they wanted tyranny of govt, because they, the majority of regular folks in town, they wanted their concerns, their will, to be more powerful then a minority of thugs. So they band together and give power to someone to police in their name.

If govt does not have democratically controlled police force, then some else will take power. If the govt does not police, regulate (a word that ia anthema to PAul) then the worst elements in society will lie cheat and steal. Anarchy leads to tyranny of mafia type.

While exposing corruption (Grayson criticizes Fan/Fred, judges, other govt officials) Grayson still believes in the law and the govt to address they concerns of regular folks. If govt is corrupt that does not mean we should do away with govt, it means we have to use our power to clean it up. But we must have power, we must have democratic control of police, laws of land. If we have weak govt, no policing, no regulations, the thugs win and takeover.

Paul sees the only possiblye source of tyranny as a corrupt powerful govt...but people having no power to enforce laws equally in the land also leads to a different fomr of tyranny. essentially turning our coutnry into a plantation where what ever the rich guy in charge wants, he gets and the rest of use are slaves. There is not govt on a plantation, but it is still tyrannical. 

Fri, 10/01/2010 - 15:29 | 619020 i.knoknot
i.knoknot's picture

hey there mm,

in a nutshell: safeguards are not the same as anarchy.

i agree with your point that without an established central policing force, a tribal model will evolve (and ironically eventually become a ... central policing force...), but i don't believe that dr. paul is so naive as to not understand that reality. his words indicate that any such police force should be derived from the people, rather than become their overlord, and when that is not the case (as many feel today) the ability to correct is needed. people must always have the resources to enforce such a change, or at least resist that so-called authority. we currently deny this at our peril.

the debate arises when a large number of the sheeple blindly trust an in-place authority, and a growing number of skeptics want some change but don't carry the political momentum to actuate that change. of course, the established police force resists any such change... local rule was intended to foster this disparity ("we'll go over here and do it our way" - ala Utah).

i'm with dr paul when i feel that so long as we can actually defend our rights and ourselves from 'them', it will serve as a tempering influence on the growth of any in-place entity. just having the grass-roots threat is enough to manage a threat. the personal gun law debate covers the situation completely on a smaller scale.

we agree that anarchy never lasts. a central authority will always rise from the ashes. like you, i prefer that this system be designed by us, rather than a result of the meanest mofo-s. but there must be a force that polices the police, and dr paul understands this.

most agree that large organizations trend from serving their intended purpose (at their inception) to serving their own survival. dr. paul (and a few of the founders) recognized this, and advocated policies that would safeguard against unbridled growth of powerful bureaucracies. safeguards, even if scorched-earth in nature, are not the same as anarchy.

re: financial anarchy, it's much simpler than many would believe: if we like something. we move towards it. if we don't like it, we move away. without real transparency, we are at the mercy of marketers, *not* the markets themselves.

if the real (raw) market data is not *equally* available to *all* market participants, those that control that data can (and do) clearly control that market. caveat emptor.

considering the damage currently being inflicted on the markets by the likes of CNBC, the TBTFs, the FED, MERS, enron-like auditors, the SEC, etc., the markets are truly owned by those that are allowed to manage the truth of the day. i'm sure that ZH is only seeing 1% of what really going on in the back doors, and that is enough for me to comfortably denounce and disengage completely from those markets.

any effort to rip these layers away from honest price discovery are *not* anarchistic, but completely necessary if the markets are to survive/evolve over the long-term. no status quo should ever be considered too sacred to question - and it's current form does *not* imply efficient evolution. (e.g. current population levels are *not* the result of intentional planning, but rather that it feels friggin good and a higher percentage of us are surviving.) current market institutions are not exempt from this sort of distortion.

while it sounds simplistic to say, if we enable auditable transparency, market systems can work (they don't work now). some trivial changes would make a huge difference - e.g. track and reveal all trades by all players (even if through pseudo-identifiers) within +/-2 weeks of execution, such that any hanky-panky will be exposed to the entire market closely enough to the action to respond/undo it. this sort of delay would not deny any participants the ability to develop and protect strategies that might benefit them for their efforts. with what we have today, the probability that any market participant is allowed to truly see the entire market (as it really is) approaches 0.0001 (roughly).

i'm not a dogmatic supporter of dr paul, or anyone for that matter. but i do believe that his ideas are much better aligned with managing human nature as it *is* rather than as folks would like it to be. both communism and capitalism look great on paper, but both ignore what opportunistic people really do, and therefore neither will ever really work the way the academics would have you believe. today's capitalism is as broken as stalin's communism was broken.

too bad most folks believe it has to be one *or* the other. simple answers for simple minds, even if most of us are doing the best we can with what we have to work with. peeling back the layers to truth may be destabilizing, but it is seldom driven by the intent to completely remove government or markets. anarchy isn't the right word for this. we need another.

Thu, 09/30/2010 - 22:17 | 617320 Spalding_Smailes
Spalding_Smailes's picture

Apparently alarmed about such a possibility, one of the major title insurance companies, Old Republic National Title, has sent a bulletin to agents saying that “until further notice” it would not insure title to properties foreclosed upon by GMAC Mortgage, the country’s fourth-largest home lender and one of the two big lenders at the center of the current controversy.

Thu, 09/30/2010 - 21:59 | 617285 Spalding_Smailes
Spalding_Smailes's picture

Fitch Ratings said that weaknesses in the foreclosure processes, controls and procedures of certain RMBS servicers could lead to servicer rating downgrades by the rating agency.

 

The mbs not getting funded might cause the ratings agency to act .... Ya think ...

Tick,tick,tick,tick,tick, Now we know why the bank stocks have been tanking, they know credit crisis 2.0 is dead ahead. Did the european stress test have this priced in? Maybe this is the reason they want to ban cds on sovereign debt in europe?

Thu, 09/30/2010 - 21:39 | 617266 Cammy Le Flage
Cammy Le Flage's picture

The big news is Old Republic jacking the title insurance.....Wow.

Thu, 09/30/2010 - 21:21 | 617236 Heroic Couplet
Heroic Couplet's picture

It's hilarious to see Alan Grayson doing the straight talk and Richard Burr's ads on the left hand side. Should'nt the band and mortgage fraud neighborhood be fighting with all the CEOs who have shipped jobs offshore?

 

ALL CEOs should have to testify in front of Congress. The first round is simply to state how many jobs total they've sent offshore. The second round is for someone to stratify the offshored jobs from the US to China and India by high school and college degree.

Thu, 09/30/2010 - 20:51 | 617183 Careless Whisper
Careless Whisper's picture

House of Morgan = House of Fraud

fraud, forgery, perjury, grand theft. aren't these crimes in the state of florida?

 

Thu, 09/30/2010 - 20:46 | 617170 surfsup
surfsup's picture

Maybe the geezers know this:  http://www.perfecteconomy.com/pg-math-walking.html

And are in one last pilfer fest of last resort because the know the unwind of usury systems is nasty -- not taught in school -- hasn't been around for nearly 70 years -- and is as firm and reliable in its mathematical equivalents as Gravity.   

RICO bitchez

Thu, 09/30/2010 - 20:40 | 617161 surfsup
surfsup's picture

As if simple usury on its own were not bad enough with its slow drain of production to feed the non producing  -- now this.   The lack of main stream media coverage on this should show everyone just how deep the tentacles of this rapacious spider are -- and yes the same spider which decided to pilfer US Veterans at a "4.5 for me .5 for you" theft of their own money is what we have here.  

Jackal's -- your mission if you choose to accept it -- is to discredit this congressman and all those who believe in the rule of law.   Please, come forth and show all the good people of this Planet your true colors...  

Thu, 09/30/2010 - 20:36 | 617153 silvertrain
silvertrain's picture

Paging Dr. William Black, paging Dr. William Black...

Thu, 09/30/2010 - 20:41 | 617165 tip e. canoe
tip e. canoe's picture

Bill Black is sitting on a gold mine if he would just get off his kiss me state funded soapbox and actually bring some serious litigation into the courts.

Thu, 09/30/2010 - 23:52 | 617467 RockyRacoon
RockyRacoon's picture

He may fear for his life and the lives of his family -- back 3 generations.

Fri, 10/01/2010 - 11:50 | 618383 Ripped Chunk
Ripped Chunk's picture

Terminator! Retroactive abortion of present day enemies!  Pretty well documented that some of the S&L fat cats wanted Bill dead.

Thu, 09/30/2010 - 20:56 | 617166 tip e. canoe
tip e. canoe's picture

sorry 'show me' not 'kiss me'

Spitzer too btw

Thu, 09/30/2010 - 20:33 | 617145 dcb
dcb's picture

I love this guy!!!

Thu, 09/30/2010 - 21:35 | 617248 Spalding_Smailes
Spalding_Smailes's picture
Document Flaws Have Put Brakes on Foreclosures

NYTimes

 

By DAVID STREITFELD Published: September 30, 2010

The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in their pursuit of rapid home repossessions.


Evictions are expected to slow sharply, housing analysts said, as state and national law enforcement officials shine a light on questionable foreclosure methods revealed by two of the country’s biggest home lenders in the past two weeks.

 

Even lenders with no known problems are expected to approach defaulting homeowners more cautiously and look more aggressively for resolutions short of outright eviction.

Despite the turmoil, some economists said the breakdown could ultimately lay the groundwork for a real estate recovery.

Stricken neighborhoods across the country, for example, could benefit. One big factor undermining home sales is fear of a large number of foreclosed homes coming to the market. If the foreclosures are delayed or never happen, housing prices might find a floor.

“Maybe this is like shock therapy,” said the economist Karl E. Case. “Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”


While such a happy ending is possible, the near term is more likely to produce paralysis and confusion.

If foreclosures were not properly done, families who bought the troubled homes could be vulnerable to claims by the former owners. And as more defaulting homeowners become aware of the lenders’ problems, they are expected to hire lawyers and challenge the proceedings against them.

 

Apparently alarmed about such a possibility, one of the major title insurance companies, Old Republic National Title, has sent a bulletin to agents saying that “until further notice” it would not insure title to properties foreclosed upon by GMAC Mortgage, the country’s fourth-largest home lender and one of the two big lenders at the center of the current controversy.

http://www.nytimes.com/2010/10/01/business/01mortgage.html?src=busln

Fri, 10/01/2010 - 07:32 | 617771 Sean7k
Sean7k's picture

Funny, the solution sounds eerily like the solution for third world debt that cannot be repaid...extend the loan, new rates and FEES. 

My solution, stop paying and require the paperwork. When they finally get you out, use your new savings account for a new residence you can actually afford. Kill two birds (vulture and your choice) with one stone...

Fri, 10/01/2010 - 11:45 | 618363 Ripped Chunk
Ripped Chunk's picture

That is how banks work on every level: extend and pretend with a fee slapped on top. If you were privy to the fees being charged on some corporate loan "restructures" it would make you vomit until the end of time. And that is before the legal bills.

Thu, 09/30/2010 - 20:32 | 617140 Augustus
Augustus's picture

Alan Grayson is the Real Fraudster.  He is just getting in his last bit of nonsense before the election makes him unemployed.  I hope he does not hold back personally from contributing to his campaign.

Fri, 10/01/2010 - 18:19 | 619566 Frankie Carbone
Frankie Carbone's picture

Augustus you're a royal douchebag.

Fri, 10/01/2010 - 11:13 | 618276 Ripped Chunk
Ripped Chunk's picture

Augie is back!  Oil is creeping up Augie, are you getting busier? Perhaps why we have not seen you trolling about?

Chunk

 

Fri, 10/01/2010 - 04:53 | 617652 Edmon Plume
Edmon Plume's picture

One unjunk for you, though I don't want to break your streak.

Thu, 09/30/2010 - 21:38 | 617265 Rick64
Rick64's picture

 Maybe he is grandstanding, I don't know but at least he is helping to bring this issue out in the open, and I don't view that as nonsense.

Thu, 09/30/2010 - 23:25 | 617424 RockyRacoon
RockyRacoon's picture

Well, if somebody has to explain it to the average couch potato who else could do a better job.  Funny thing is, his detractors are just jealous that he is doing this and they aren't.  The folks on ZH who disparage his actions would be yelling all the louder that nobody was exposing the fraud.  Who would you like to do this and how would you like it done?  What are you doing to help besides flappin' yer gums?

Fri, 10/01/2010 - 05:15 | 617656 Edmon Plume
Edmon Plume's picture

Here's a guy who plugs the biggest public fraud since the war on poverty, willing to spend trillions of taxpayer dollars on obamacare foolishness, and then tries to expose other fraud.  They each have their pet frauds they stand behind, and they each have their pet frauds they disparage.  And it's not uncommon for them to disparage the very thing they want, and encourage the very thing they don't.

It's all a game, my little furry friend.

Grayson is a smarmy, fraudulent puppet, and a nasty one at that.  If you don't see any strings, you aren't looking hard enough.

Fri, 10/01/2010 - 19:01 | 619580 Frankie Carbone
Frankie Carbone's picture

Why do guys like you come crawling out of the woodwork to attempt to fuck up and sabotage any potential POSITIVE action by turning it into an "us vs. them" clusterfuck?

Jesus, what's the bigger issue? What do you perceive as the wrongs of Grayson or the mortgage fraud that he trying to bring awareness too?

Jesus. The ole' liberal-conservative shit. This is about as goddamn petty as it gets.

Moron.

Fri, 10/01/2010 - 02:15 | 617570 StychoKiller
StychoKiller's picture

Donating to Ryan Paul's (a RINO, but in a good way!) KY Senate race.  Don't live in KY, but the Senate needs a wakeup call!

Fri, 10/01/2010 - 00:10 | 617488 Rick64
Rick64's picture

Exactly.

Thu, 09/30/2010 - 20:54 | 617193 Imminent Crucible
Imminent Crucible's picture

You, sir, are a moron.

Fri, 10/01/2010 - 18:27 | 619594 Frankie Carbone
Frankie Carbone's picture

+1

Thu, 09/30/2010 - 21:29 | 617247 earnyermoney
earnyermoney's picture

He's down in the polls after his scorched earth ad blew up in his face. Thus the need to get his mug in front of the cameras.  

Thu, 09/30/2010 - 22:01 | 617293 Conrad Murray
Conrad Murray's picture

Yea, this guy is a slimeball of the highest order.  He's decent on the economic stuff, but other than that, he won't be missed come November.

Thu, 09/30/2010 - 23:30 | 617430 Bob
Bob's picture

Senators are elected to 6 year terms of office--he won't be up for reelection until 2014 . . . so, I guess you're sure to not miss him in November.

Fri, 10/01/2010 - 00:10 | 617489 CitizenPete
CitizenPete's picture

He's a Rep not a Senator

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