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Because Someone Had To Say It

4closureFraud's picture




 

Too Little Too Late

By George Mantor

Hello? Hello?

Is anybody out there?

Where did you go?

The silence is deafening.

Well, except for the sirens.

Have you noticed that they are getting closer and closer?

And the screams in the night.

And, the gunshots during the day.

With the economic collapse has come the inevitable misery. And, rather than helping, we are buying drones and trying in vain to prop up a global financial elite who thought that printing unlimited amounts of money with nothing backing it would be a good idea.

But, I don’t hear anything back from you, our leaders. I write, I call, I send email.

I get bupkes. I get less than bupkes.

I ask about relief for victims of on-going bank fraud. No comment.

I ask about due process. No comment.

I ask when there will be a comment. No comment.

At a meeting with the Arizona Attorney General, Tom Horne, lawyer Neil Garfield asked why the AG is “not prosecuting the banks and servicers for corruption and racketeering by submitting false credit bids from non-creditors at foreclosure auctions?”

Horne responded that he would get back to Garfield on that question. That was 45 days ago.

While Horne tries to figure out what to say that won’t make him look like an accessory, more of the people he gets paid to protect get screwed.

This is very disturbing. For years, I have been a conduit of valuable information for those who face losing their homes without due process.

And, all along, I have watched the various agencies responsible for protecting the American consumer pass the buck and ignore evidence of a massive and pernicious fraud because, as it turns out, they were working out their own schemes to profit from middle class misery.

This is intended for every regulator or government official who has responsibility for over site of the financial services industry. You are beyond pathetic. Collectively, I could not possibly hold you in any greater contempt. You are worthless and weak. You are all show and no go. Talk the talk but won’t walk the walk. Too busy walking guns, I guess.

It has been fifteen months since 14 large banks and services signed consent decrees promising to stop fraudulent foreclosures.

It has been over three months since the Multi State Settlement which promised to stop fraudulent foreclosures and assist victims.

We have had an “independent” foreclosure review reviewing, except for Litton which said it would but still hasn’t. Why?

Litton was the servicer for all of the Goldman Sachs pools, and the single worst offender, and is stalling and no one is pushing.

So after all that, what has changed?

Nothing!

Nada!

Zippo! Zilch!

Minimum wage workers still robo-sign forged documents about which they have no knowledge because there isn’t any knowledge to be had.

Despite the obvious evidence on the face of the document that it is forged, most county recorder’s still accept and record them. Why? Because they are in on it.

The modification dual track scam is still operating as are the forced place insurance scam, the property tax scam, and the lost payment scam.

People are being shot and killed over houses that are then subsequently bulldozed.

Where is the help for the victims who are being abused at this very moment?

Who do they see about it?

The courts? The courts won’t let these cases advance beyond a perjured demurrer from lying attorneys being accepted as witnesses without swearing an oath or cross examination. Send in the Kangaroos. Due process is a distant memory.

Every lawyer who relies on obviously fabricated evidence to deprive another of due process will face a day of reckoning when the Bar can no longer look the other way.

What about all of the money from the settlements? Well, that’s a funny thing. There won’t be any.

After months of AG tough talk about putting people in jail and helping consumers, they all sold out for practically nothing. Judas Priest!

The banks won’t be paying very much real money because they get credits against the settlement amount for ceasing all kinds of illegal activities that they agreed to stop as part of the settlement.

Which, if history is any indication, I’d buy a credit default swap that they will simply ignore and march forward seizing homes to which they have no legal right and cannot prove that they do without forged documents.

Any real moneys intended for victims are being snatched by state governments to offset budget deficits. The argument is that everyone benefits if the state has more money, even the poor homeless bastards living in the street.

It isn’t even new-fangled fraud; it’s just old fashioned lying, cheating, stealing, forging, and faking. You don’t need any new laws; this stuff has been illegal for hundreds of years.

You don’t need to coordinate with any bankers, just jail a few for filing phony documents at the county recorder and modifications will soar while foreclosures will cease.

This is what happened in Nevada simply by requiring banks to show proof of their right to foreclose. Why is it working so well for consumers there? Because the foreclosing entities are not the creditors and cannot prove that they are.

It is grand theft on a scale so massive that history will record this as the biggest unprosecuted crime wave in the history of the planet.

The courts, law enforcement, the politicians, they are all in on it and don’t want to talk about it. So, we get silence.

Most of the current foreclosures are not in compliance with California law and they all know it. How could they not?

An audit of the San Francisco county recorder’s office states the following:

“Overall, we identified one or more irregularities in 99% of the subject loans. In 84% of the loans, we identified what appear to be one or more clear violations of law.”

If that is what they found in San Francisco, is there any reason to believe that any other county would find something different? Actually, this is absolutely consistent with other audits done all over the country.

Most states have a law similar to the one below.

California Penal Code 115.5. Filing false or forged documents relating to single-family residences; punishment; false statement to notary public

(a) Every person who files any false or forged document or instrument with the county recorder which affects title to, places an encumbrance on, or places an interest secured by a mortgage or deed of trust on, real property consisting of a single-family residence containing not more than four dwelling units, with knowledge that the document is false or forged, is punishable, in addition to any other punishment, by a fine not exceeding seventy-five thousand dollars ($75,000).

Per occurrence. Do the math. Thousands of false recordings in every county times $75,000. There is the solution to the governmental budget problem right there. No new taxes needed, no austerity, and we restore the rule of law.

That is a win for everyone except the criminals but, as it turns out, they are the ones with all of the money. Who agrees with me that we should pursue those easy revenues for our communities?

And, these very documents could bring a windfall to the IRS, as well, because when assignments are done to a REMIC trust after the cut-off date, it triggers a major tax event. All of our country’s money woes would be solved if law enforcement would just enforce the law.

But, the fraud doesn’t end with throwing out the homeowner. The foreclosing parties aren’t the creditors and can’t make credit bids.

Here’s a little joke on you bureaucrats that you hadn’t considered—you are aiding these criminals in the destruction of your pension.

Every time a judge or a county recorder accepts an ante-dated assignment back into a trust that closed years ago, two things occur:

  • A defaulted asset is being forced back onto investors, pension funds in many cases and especially public pensions,
  • It indicates that performing assets were never properly transferred in the first place.

So get this, this is too funny, the only assets ever actually winding up owned by these pools are the non-performing ones.

And, don’t you love the sound of the last laugh going down?

I’ve had to endure a lot of BS about why we shouldn’t help people stay in their homes because of the so called ‘moral hazard.”

What is the moral hazard of allowing fraud do go on unabated?

What is the moral hazard of people coming to realize that their legal system has been completely corrupted?

What is the moral hazard of having homeless children in a country where there are homes that no one lives in?

If you aren’t part of the solution, which is real relief for victims of fraud, fraud, fraud, fraud, then you are part of the problem.

There will be consequences. Maybe no bankstas will go to jail and no lap-dawg government abettor will ever be held accountable, but this is like a nuclear radiation cloud, everything is becoming tainted. There’s your real moral hazard. Taint!

Oh, yeah, and don’t forget, your pensions are toast.

Edmond Burke said, “Evil can only exist when good men do nothing.”

It’s on your watch, are you going to enforce the laws evenly as you have sworn to do or only against the small fish?

Hello? Hello?

 

www.4closureFraud.org

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Fri, 06/22/2012 - 07:38 | 2550229 Disenchanted
Disenchanted's picture

 

 

This was all bullshit...just a forgery...right? These State AGs are just 50 more cogs in The Machine.

 

 

"We shall soon begin to establish huge monopolies, colossal reservoirs of wealth, upon which even the big Gentile properties will be dependent to such an extent that they will all fall together with the government credit on the day following the political catastrophe. The economists here present must carefully weigh the significance of this combination. We must develop by every means the importance of our super-government, representing it as the protector and benefactor of all who voluntarily submit to us.

 

"The aristocracy of the Gentiles as a political force has passed away. We need not take them into consideration. But, as owners of the land, they are harmful to us in that they are independent in their sources of livelihood.Therefore, at all costs, we must deprive them of their land.


"The best means to attain this is to increase the taxes and mortgage indebtedness.These measures will keep land ownership in a state of unconditional subordination. Unable to satisfy their needs by small inheritances, the aristocrats among the Gentiles will burn themselves out rapidly.

 

"At the same time it is necessary to encourage trade and industry vigorously and especially speculation, the function of which is to act as a counterpoise to industry. Without speculation, industry will cause private capital to increase and tend to improve the condition of Agriculture BY FREEING THE LAND FROM INDEBTEDNESS FOR LOANS by the land banks. It is necessary for industry to deplete the land both of laborers and capital, and, through speculations, transfer all the money of the world into our hands, thereby throwing the Gentiles into the ranks of the proletariat. The Gentiles will then bow before us to obtain the right to existence.

 

"To destroy Gentile industry, we shall, as an incentive to this speculation, encourage among the Gentiles a strong demand for luxuries, all-enticing luxuries.


"We will force up wages, which however, will be of no benefit to workers, for we will at the same time cause a rise in the prices of prime necessities, pretending that this is due to the decline of agriculture and of cattle raising. We will also artfully and deeply undermine the sources of production by instilling in the workmen ideas of anarchy, and encourage them in the use of alcohol, at the same time taking measures to drive all the intellectual forces of the Gentiles from the land.

 

"That the true situation shall not be noticed by the Gentiles prematurely, we will mask it by a pretended effort to serve the working classes and promote great economic principles, for which an active propaganda will be carried on through our economic theories." - Protocol VI

 


Thu, 06/21/2012 - 19:46 | 2549212 FeralSerf
FeralSerf's picture

George Mantor for President or Attorney General!

Thu, 06/21/2012 - 18:53 | 2549031 anonnn
anonnn's picture

 

It is the 1215 document, Magna Carta that gave us Due Process.

Wikipedia:"In clause 39 of the Magna Carta, John of England promised as follows:

"No free man shall be seized or imprisoned, or stripped of his rights or possessions, or outlawed or exiled, or deprived of his standing in any other way, nor will we proceed with force against him, or send others to do so, except by the lawful judgment of his equals or by the law of the land."

Magna Carta, Due Process, Habeus Corpus have been nullified and laid waste. In my lifetime.

 

Thu, 06/21/2012 - 17:57 | 2548932 tony bonn
tony bonn's picture

thank you 4closurefraud!!!!!!!! you and matt taibbi are great heros in the exposure of wickedness in the den of thieves......the most corrupt and wicked generation in american history is the most educated and the most godless

Thu, 06/21/2012 - 17:25 | 2548836 Umh
Umh's picture

Until we realize that MERS is a fraud to begin with we can't straighten this mess out.

Thu, 06/21/2012 - 17:11 | 2548810 Disenchanted
Disenchanted's picture

 

 

 

Welcome to the machine...bitchez.

Thu, 06/21/2012 - 16:44 | 2548715 OneTinSoldier66
OneTinSoldier66's picture

Could it be because the whole damn thing is based upon state issued debt based fiat paper fraudulent money, which leads to fraudulent banking, economic activity, and eventually unethical, immoral fraudulent people? Could be...

Thu, 06/21/2012 - 16:39 | 2548697 rambo1028
rambo1028's picture

Interesting ...I heard what sounded like 3 shotgun blasts about an hour prior to reading this...

Thu, 06/21/2012 - 15:59 | 2548509 dizzyfingers
dizzyfingers's picture

Time to discard state AND federal governments and go with home-rule counties?

Thu, 06/21/2012 - 15:56 | 2548490 optimator
optimator's picture

And no PPT today for a change.

Thu, 06/21/2012 - 15:34 | 2548367 tlnzz
tlnzz's picture

It is time that this subject rises above all the background noise. At least someone is trying.

Thu, 06/21/2012 - 15:30 | 2548349 dizzyfingers
dizzyfingers's picture

http://saintregisblog.blogspot.com/2012/05/newsweekwhy-cant-obama-bring-wall.html

| May 6, 2012 1:38 PM EDT


  • Obama’s 2009 White House summit with finance titans, in which the president warned that only he was standing "between you and the pitchforks"

  • Why, despite widespread outrage, financial-fraud prosecutions by the Department of Justice are at 20-year lows
  • Attorney General Eric Holder’s lucrative ties to a top-tier law firm whose marquee clients include some of finance’s worst offenders
  • How Obama’s trumpeted “task force” for investigating risky mortgage lenders—announced in this year’s State of the Union speech—is badly understaffed and has yet to produce any discernible progress


With the Occupy protesters resuming battle stations, and Mitt Romney in place as the presumptive Republican nominee, President Obama has begun to fashion his campaign as a crusade for the 99 percent--a fight against, as one Obama ad puts it, "a guy who had a Swiss bank account." Casting Romney as a plutocrat will be easy enough. But the president's claim as avenging populist may prove trickier, given his own deeply complicated, even conflicted, relationship with Big Finance.


Obama came into office vowing to end business as usual, and, in the gray post-crash dawn of 2009, nowhere did a reckoning with justice seem more due than in the financial sector. The public was shaken, and angry, and Wall Street seemed oblivious to its own culpability, defending extravagant pay bonuses even while accepting a taxpayer bailout. Obama channeled this anger, and employed its rhetoric, blaming the worldwide economic collapse on "the reckless speculation of bankers." Two months into his presidency, Obama summoned the titans of finance to the White House, where he told them, "My administration is the only thing between you and the pitchforks."


The bankers may have found the president's tone unsettling. Candidate Obama had been their guy, accepting vast amounts of Wall Street campaign money for his victories over Hillary Clinton and John McCain (Goldman Sachs executives ponied up $1 million, more than any other private source of funding in 2008). Obama far outraised his Republican rival, John McCain, on Wall Street--around $16 million to $9 million. As it turned out, Obama apparently actually meant what he said at that White House meeting--his administration effectively would stand between Big Finance and anything like a severe accounting. To the dismay of many of Obama's supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.


"It's perplexing at best," says Phil Angelides, the Democratic former California treasurer who chaired the bipartisan Financial Crisis Inquiry Commission. "It's deeply troubling at worst."


More From the Beast


Strikingly, federal prosecutions overall have risen sharply under Obama, increasing dramatically in such areas as civil rights and health-care fraud. But according to the Transactional Records Access Clearinghouse, a data-gathering organization at Syracuse University, financial-fraud prosecutions by the Department of Justice are at 20-year lows. They're down 39 percent since 2003, when fraud at Enron and WorldCom led to a series of prosecutions, and are just one third of what they were during the Clinton administration. (The Justice Department says the numbers would be higher if new categories of crime were counted.)
"There hasn't been any serious investigation of any of the large financial entities by the Justice Department, which includes the FBI," says William Black, an associate professor of economics and law at the University of Missouri, Kansas City, who, as a government regulator in the 1980s, helped clean up the S&L mess. Black, who is a Democrat, notes that the feds dealt with the S&L crisis with harsh justice, bringing more than a thousand prosecutions, and securing a 90 percent conviction rate. The difference between the government's response to the two crises, Black says, is a matter of will, and priorities. "You need heads on the pike," he says. "The first President Bush's orders were to get the most prominent, nastiest frauds, and put their heads on pikes as a demonstration that there's a new sheriff in town."


Obama delivered heated rhetoric, but his actions signaled different priorities. Had Obama wanted to strike real fear in the hearts of bankers, he might have appointed former special prosecutor Patrick Fitzgerald or some other fire-breather as his attorney general. Instead, he chose Eric Holder, a former Clinton Justice official who, after a career in government, joined the Washington office of Covington & Burling, a top-tier law firm with an elite white-collar defense unit. The move to Covington, and back to   Justice, is an example of Washington's revolving-door ritual, which, for Holder, has been lucrative--he pulled in $2.1 million as a Covington partner in 2008, and $2.5 million (including deferred compensation) when he left the firm in 2009. Peter Schweizer: Congress's Corruption Racket 
Putting a Covington partner--he spent nearly a decade at the firm--in charge of Justice may have sent a signal to the financial community, whose marquee names are Covington clients. Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Deutsche Bank are among the institutions that pay for Covington's legal advice, some of it relating to matters before the Department of Justice. But Holder's was not the only face at Justice familiar to Covington clients. Lanny Breuer, who had co-chaired the white-collar defense unit at Covington with Holder, was chosen to head the criminal division at Obama's Justice. Two other Covington lawyers followed Holder into top positions, and Holder's principal deputy, James Cole, was recruited from Bryan Cave LLP, another white-shoe firm with A-list finance clients.


Justice's defenders point out that prosecuting financial crime is a complicated matter requiring the highly specialized expertise found in the white-collar defense bar. But some suggest there is also the potential for conflicting interest when the department's top officials come from lucrative law practices representing the very financial institutions that Justice is supposed to be investigating. "And that's where they're going back to," says Black. "Everybody knows there is a problem with that." (Two members of Holder's team have already returned to Covington.) A spokesperson for Covington was not available for comment. (Newsweek uses the firm as outside counsel.) Top bankers after meeting with Obama, who told them “my administration is the only thing standing between you and the pitchforks.” (Mark Wilson / Getty Images)

Justice's inaction regarding the big Wall Street firms is not for a lack of suspicious activity. Three different government entities exhaustively examined the practices that contributed to the financial collapse, and each has referred its findings to the department for possible criminal investigation. One such matter involved a 2007 transaction by Goldman Sachs, in which Goldman created an investment, based on mortgage-backed securities, that seemed designed to fail. Goldman allowed a client who was betting against the mortgage market to help shape the investment instrument, which was called Abacus 2007-AC1; then both Goldman and the client bet against the investment without informing other clients (whose investments were wagers on its success) how the securities included in the portfolio were selected. These uninformed clients lost more than $1 billion on the investment. In 2010, the Securities and Exchange Commission charged Goldman with securities fraud "for making materially misleading statements and omissions" in marketing the investment. The SEC, which conducts only civil litigation, referred the case to Justice for criminal investigation.


A year later, in April 2011, the Senate Permanent Subcommittee on Investigations, chaired by Democrat Carl Levin, after a two-year inquiry, issued a fat report detailing several transactions, including Goldman's Abacus deal, that Levin and his staff believed should be investigated by Justice as possible crimes. The subcommittee made a formal referral to the department (as did the federal Financial Crisis Inquiry Commission, chaired by Phil Angelides), and Levin publicly stated his view that criminal inquiry was warranted. Goldman executives, including the firm's chief executive officer, Lloyd Blankfein, started hiring defense lawyers.


Meanwhile, Obama's political operation continued to ask Wall Street for campaign money. A curious pattern developed. A Newsweek examination of campaign finance records shows that, in the weeks before and after last year's scathing Senate report, several Goldman executives and their families made large donations to Obama's Victory Fund and related entities, some of them maxing out at the highest individual donation allowed, $35,800, even though 2011 was an electoral off-year. Some of these executives were giving to Obama for the first time.


Justice insists that political operations such as fundraising are kept strictly distanced from the department, in order to avoid even the appearance of political influence. But the attorney general and his team are not unfamiliar with the process; Holder was himself an Obama bundler--a fundraiser who collected large sums from various donors--in 2008, as were several other lawyers who joined him at Justice.


It would be a leap to infer these Goldman contributions were made--or received--as quid pro quo for dropping a criminal investigation. Still, the situation constitutes what one Justice veteran acknowledged is a "bad set of facts."


Maintaining public faith in the justice system is one of the reasons why people such as Angelides continue to call for a rigorous criminal investigation into Wall Street. "I think it's fundamental that people in this country need to feel that the justice system is for everyone--that there's not one system for those people of enormous wealth and power, and one for everyone else," he says.


In July 2010, three months after the SEC charged Goldman in the Abacus case, the agency reached a settlement with the firm. Goldman agreed to pay $550 million, but admitted no wrongdoing. The agency touted the amount of the fine as the biggest ever--but to Goldman it was a relative pittance. The fine amounted to about 4 percent of the sum that Goldman paid its executives in bonuses ($12.1 billion) in 2007, the year of the Abacus transaction.


Earlier this year, it was reported that Goldman executives were feeling optimistic that the Justice inquiry would not result in criminal charges against the firm, or its executives. Goldman declined to comment on the case, as did the Justice Department. But spokeswoman Alisa Finelli said, "When we find credible evidence of intentional criminal conduct--by Wall Street executives or others--we will not hesitate to charge it. However, we can and will only bring charges when the facts and the law convince us that we can prove a crime beyond a reasonable doubt." Holder, speaking in February at Columbia University, said that while "we found that much of the conduct that led to the financial crisis was unethical and irresponsible ... we have also discovered that some of this behavior--while morally reprehensible--may not necessarily have been criminal."


Midway through his State of the Union speech this year, President Obama announced plans "to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis," and he vowed again to "hold accountable those who broke the law."


That portion of the speech had a familiar ring. In November 2009, Attorney General Holder, with Treasury Secretary Timothy Geithner at his side, announced the creation of another special unit--the Financial Fraud Enforcement Task Force--that was similarly charged with investigating securities and mortgage fraud that contributed to the financial meltdown. Since its creation, that task force, which critics say was drastically under-resourced, has produced not a single conviction (or even indictment) of a major Wall Street player related to the financial disaster.


Some who heard the president's State of the Union speech thought they discerned a hidden purpose behind his new "special unit"--the Residential Mortgage-Backed Securities Working Group, as it would be called. The day before the president's speech, state attorneys general from around the country met in Chicago with Justice officials to discuss a proposed national settlement with five major banks, including JPMorgan Chase and Bank of America, over questionable foreclosure practices. The administration was pushing the settlement, as were the banks. But a handful of attorneys general were resisting the settlement, believing it gave too much away to the banks--including protection from mortgage-related investigations that were still unfolding. These holdout state officials were supported by a coalition of activists, who argued that the banks would never make meaningful concessions--such as the reduction of principal on underwater mortgages--unless they faced the threat of investigation.


One of those activists, Mike Gecan, of the Industrial Areas Foundation, says he was disheartened when he heard Obama's speech, and the news that New York Attorney General Eric Schneiderman would be co-chairing the new "working group." Schneiderman, who is in the tough-guy mold of his predecessors, Eliot Spitzer and Andrew Cuomo, had been a leader of the state holdouts; now, Gecan feared, Schneiderman had been co-opted by the Chicago Way. "I'm from Chicago, I've seen this game played my whole life," he says.


Gecan's view seemed vindicated two weeks later, when Obama announced that the settlement had been reached.


Nearly three months later, it is not clear what, if any, progress the "working group" has made. The unit was only promised 55 investigators, attorneys, and support staff--a tiny fraction of the resources afforded to similar groups investigating the S&L and Enron/WorldCom scandals--and it is not clear that even that commitment has materialized. "I think what happened is what usually happens: the administration rope-a-doped," says Gecan. "There's no office, there's no director, there's no staff, there's no space, there's no phone."


Last month, Gecan wrote an op-ed article for the New York Daily News, calling upon Schneiderman to quit the group in protest (Schneiderman's office did not respond to requests for an interview). In the meantime, Gecan said, he will work to bring pressure on Obama. "There's a little presidential campaign that's going to start, and we're going to make this issue central to this campaign," he said.


It may be, as the attorney general points out, that Wall Street was greedy, stupid, and immoral, without actually breaking any laws. But the powers of the Justice Department are immense, and a more aggressive prosecutor surely could have found cases to make. Black, the UMKC professor, says the conduct could well have violated federal fraud statutes--"securities fraud for false disclosures, wire and mail fraud for making false representations about the quality of the loans and derivatives they were selling, bank fraud for false representations to the regulators."


The absence of prosecutions, and the fact that the cops on the beat hail from the place that represents the banks, does not sit right with many who hoped Obama would fulfill his promise to hold Big Finance accountable. The left's frustration fuels the Occupy movement, and chills the Democratic base. And it gives Romney, the career capitalist, an opening he is avidly exploiting.


Through last fall, Obama had collected more donations from Wall Street than any of the Republican candidates; employees of Bain Capital donated more than twice as much to Obama as they did to Romney, who founded the firm. By this spring, however, resolution had come to the GOP contest, and Wall Street could see a friendly alternative to Obama. While most of Romney's contributions so far come mainly from the financial sector, Obama's donations from Wall Street have dropped sharply.


But this turn may yet help Obama, playing into the Romney-as-plutocrat theme. Just the other week, the Republican candidate quietly slipped into a fundraiser at the home of hedge-fund king John Paulson, who made a killing shorting mortgage futures (including about $1 billion on the Abacus deal). The Obama campaign pounced. Obama may yet fully liberate his inner populist--that Obama who in 2010 in an off-Prompter moment uttered a sentence that made blood run cold on Wall Street: "I do think at a certain point you've made enough money."

Thu, 06/21/2012 - 16:06 | 2548547 GCT
GCT's picture

Good read but most here have figured out Obama is a liar and the banksters own him.  He sold the people down the river cutting the deal with the banks and 49 state AG's agreeing with him.  They all sold you and I down the fricking river and property rights be damned.  The fed trumps the state laws in one big swoop.

They do not care about laws nor the people they swore an oath to protect.  The only time they even talk about their people is election time or when they want to further divide the country.  They are all laughing at us and we dumb stupid sheeple will re-elect them.

Thu, 06/21/2012 - 22:19 | 2549648 AmericanBulldog77
AmericanBulldog77's picture

Obama/Bush, Rep/Dem...It's all the same BS.

 

Something seems so very similar here...Oh Ya, ROME.

Bread & Circus Anyone? Welcome to your new reality.

Thu, 06/21/2012 - 15:26 | 2548335 Northeaster
Northeaster's picture

Business is BOOMING here in Massachusetts. Firms that specialize in servicing bank foreclosures advertise all the time looking for lawyers and legal staff. This leads me to conclude one of two things:

1. Business is so good (foreclosing legal or otherwise), these firms are growing.

or

2. The work required (booting people out of their home legal or otherwise) is so dreadful, turnover is through the roof.

There is plenty of blame to go around, but none have accepted responsibility. Of course in the legal arena, 200 year old law just gets circumvented, but that's just where we're at today. Enjoy.

 

Thu, 06/21/2012 - 22:26 | 2549660 AmericanBulldog77
AmericanBulldog77's picture

Cloud on Title anyone? Real Entity @ Interest?..aka Party that has actually been HARMED no where to be found?

Just a bunch of Friggin Ghosts claiming ownership and never having the actual RIGHT to perform a FC against any citizen anywhere in America.

Welcome to Your new Future/Matrix.

 

Thu, 06/21/2012 - 16:06 | 2548551 iDealMeat
iDealMeat's picture

+1,   1. or 2. ?   More like 1 AND 2..  With a huge helping of fraud at every point of the transactions.

 

Thu, 06/21/2012 - 14:54 | 2548194 skipjack
skipjack's picture

Hear, hear !

 

At least someone has the guts to state it plainly.

 

Wake up America !  Turn off the idiot box, stop doping yourself with professional sports rah rah and anti-depression drugs, and fight back !

 

Stop particiating in the fraud...pull your money out of the banks, the markets, stop supporting every multi-national corporation, and let it all crash to the ground.  And for God's sake don't bother voting; it just encourages the evil politicos in their fraud whilst doing nothing for the citizenry.

Thu, 06/21/2012 - 14:51 | 2548186 chunga
chunga's picture

The sad part is no one is really willing to do anything about it.

Somebody has to say this too...Foreclosure Hamlet has over 5000 members. I don't know about 4closurefraud or other sites that focus on this like Mandelman Matters.

More people from Spain read the open letter below. No more than 20 people from the three sites above signed the petition. NONE of the people who run the sites signed it. Not one.

I've been watching closely what is going on in Rhode Island, and the Superior Court has basically ADMITTED (in a certified transcript) it won't follow state statutes when it comes to foreclosures. It drives me crazy.

I went ahead and wrote this Open Letter and sent it to the Presiding Justice and the Senate President and Majority Leader.

An Open Letter to the State of Rhode Island Superior Court June 9 2012 Regarding Foreclosure Fraud

Then I went and set up an online petition that takes all of 30 seconds to complete. Like 150 people bothered to sign.

The Honorable Presiding Justice Alice P. Gibney: Recuse Justice's Allen P. Rubine and Michael A. Silverstein.

Foreclosure Fraud is rampant in the State of Rhode Island and must not continue.

 

If Justice’s Rubine and Silverstein insist on welcoming bankers and lawyers with open arms into the Rhode Island Superior Court adopting a rubbery theory of “indebtedness” as opposed to long standing state statutes that indenture the process in which foreclosures shall be conducted, they simply must be removed from the bench.

 

It is impossible to know what guides their thinking, but if they are justifying their quixotic endeavor to protect the banks based on a cock-eyed and economically pragmatic concept of equity they are unwittingly defeating their own ill-conceived objective.

 

The practice of using Rhode Islanders as economic pinballs by the financial Leviathans that now stride this earth must come to an end. The excuses made for enterprises that are “Too Big To Fail” have become “Too Big To Believe”. It must come to an end.

 

This Judicial pandemonium must stop. This Court should not be used as a laundromat to wash away lies then starch and press our citizens.

 

If the Court is incapable of marshaling itself, it then becomes the duty of the State General Assembly to step in and fix this problem. We do not require new laws here, but it must be affirmed our present laws are not recommendations or suggestions that can be ignored based on flimsy moral hazard assumptions.

We're going to get what we deserve. I'm not pasting this again because it amounts to fucking SPAM. All talk.

Thu, 06/21/2012 - 22:39 | 2549685 AmericanBulldog77
AmericanBulldog77's picture

BTW, Love your work Chunga.

Thu, 06/21/2012 - 22:31 | 2549668 AmericanBulldog77
AmericanBulldog77's picture

I'm gonna go long on more ppl from outside the US signed this petition than inside.

Just Sayin'.

 

Thu, 06/21/2012 - 15:43 | 2548424 waterhorse
waterhorse's picture

I signed a few days ago.

Thu, 06/21/2012 - 14:56 | 2548205 antisepticWipe
antisepticWipe's picture

That is lame.

I signed and read it.

Thu, 06/21/2012 - 18:27 | 2549000 Oleander
Oleander's picture

I signed it for you.

Thu, 06/21/2012 - 16:25 | 2548627 chunga
chunga's picture

Thanks.

The two signers right there equal 10% of members of these 24/7 foreclosures are bad sites.

They essentially amount to online Orah Winfrey Shows...droning over and over...we are victims...we hate banks.

Try to actually do something. Nothing.

Fri, 06/22/2012 - 04:11 | 2550075 StychoKiller
StychoKiller's picture

I signed yer petition the last time you posted it.

 

Thu, 06/21/2012 - 22:36 | 2549676 AmericanBulldog77
AmericanBulldog77's picture

Welcome to the New TV Reality Series called...

Your House is PAID For or Not?

 

Thu, 06/21/2012 - 14:46 | 2548175 Hohum
Hohum's picture

All underwater borrowers abandon your homes!

Thu, 06/21/2012 - 22:36 | 2549677 AmericanBulldog77
AmericanBulldog77's picture

And Quickly...

Thu, 06/21/2012 - 14:54 | 2548193 Jena
Jena's picture

On the left side of the home page at youwalkaway.com there is an interactive calculator that can help you decide whether to get out or not -- if you don't already know.

Thu, 06/21/2012 - 14:45 | 2548170 Benjamin Glutton
Benjamin Glutton's picture

the legacy of Milton Friedman.

Thu, 06/21/2012 - 16:16 | 2548596 NotApplicable
NotApplicable's picture

Or as I call like to call him, "Uncle Two Percent."

Thu, 06/21/2012 - 14:39 | 2548151 Mad Max
Mad Max's picture

It's hard to view the US as a nation of laws any more.  The top politicians are obvious criminals and some of the largest criminal scams in world history, like this one, are not addressed.

 

It rather resembles Russia in the early 1990's when the more capable criminals amassed all the previously state enterprises and wealth for themselves.

Thu, 06/21/2012 - 22:38 | 2549683 AmericanBulldog77
AmericanBulldog77's picture

I think THEY called it progress...LOL

Thu, 06/21/2012 - 14:36 | 2548146 catacl1sm
catacl1sm's picture

First! Fuck Bank of America!

Thu, 06/21/2012 - 14:48 | 2548182 Negro Primero
Negro Primero's picture

Second! Find a banker who needs to find out 'what a credit default swap is'.

http://bankofcattaraugus.com/

http://www.huffingtonpost.com/2012/05/22/patrick-cullen-nice-banker_n_15...

Thu, 06/21/2012 - 14:31 | 2548129 NotApplicable
NotApplicable's picture

I hope this means you've awakened and are ready to take the Red Pill. Otherwise, it's just another rant of someone who demands a different flavor of Kool-Aid.

 

Thu, 06/21/2012 - 14:43 | 2548162 LawsofPhysics
LawsofPhysics's picture

Correct, moreover, the money to pay all those fines, does not exist, anywhere.  This is the result of massive capital and resource mal-investment and mis-allocation, period.  Just like when you cut down a tree and burn it, instead of build something with it, you have to choice but to wait for another tree to grow.

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