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Banks Put Linda Green Behind Them With $10 Billion Robosigning Settlement

Tyler Durden's picture


The chapter on robosigning, i.e., Fraudclosure, is now closed with a $10 billion wristslap on US banks, of which a whopping $3.3 billion in the form of direct cash and $5.2 billion in "other assistance." The banks who are now absolved from any and all Linda Green transgressions in the past include: Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo. And so, banks can resume to resell properties with mortgages on which the original lien may or may not have been lost in the sands of time.

From the Fed:

Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance

Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers.

The sum includes $3.3 billion in direct payments to eligible borrowers and $5.2 billion in other assistance, such as loan modifications and forgiveness of deficiency judgments.  The payments involve mortgage servicers operating under enforcement actions issued in April 2011 by the OCC, the Federal Reserve, and the Office of Thrift Supervision.  The agreement ensures that more than 3.8 million borrowers whose homes were in foreclosure in 2009 and 2010 with the participating servicers will receive cash compensation in a timely manner.

Eligible borrowers are expected to receive compensation ranging from hundreds of dollars up to $125,000, depending on the type of possible servicer error.

This agreement includes Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo.  For these participating servicers, fulfillment of the agreement would meet the requirements of the enforcement actions that mandated that the servicers retain independent consultants to conduct an Independent Foreclosure Review. 

As a result of this agreement, the participating servicers would cease the Independent Foreclosure Review, which involved case-by-case reviews, and replace it with a broader framework allowing eligible borrowers to receive compensation significantly more quickly.  The OCC and the Federal Reserve accepted this agreement because it provides the greatest benefit to consumers subject to unsafe and unsound mortgage servicing and foreclosure practices during the relevant period in a more timely manner than would have occurred under the review process.  Eligible borrowers will receive compensation whether or not they filed a request for review form, and borrowers do not need to take further action to be eligible for compensation.    

A payment agent will be appointed to administer payments to borrowers on behalf of the servicers.  Eligible borrowers are expected to be contacted by the payment agent by the end of March with payment details.  Borrowers will not be required to execute a waiver of any legal claims they may have against their servicer as a condition for receiving payment.  In addition, the servicers' internal complaint process will remain available to borrowers. 

The agencies continue to work to reach similar agreements in principle with other servicers that are not parties to the agreement announced today, but that are also subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing. 

OCC and Federal Reserve examiners are continuing to closely monitor the servicers' implementation of plans required by the enforcement actions issued in April 2011 to correct the unsafe and unsound mortgage servicing and foreclosure practices.

* * *

The signatures below have now been "indemnified":


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Mon, 01/07/2013 - 12:09 | 3129589 Cognitive Dissonance
Cognitive Dissonance's picture

Quite simply this is a Travshamockery. Nuff said.

Mon, 01/07/2013 - 12:18 | 3129618 Snakeeyes
Snakeeyes's picture

Be careful what you wish for. Increase in government power!

Mon, 01/07/2013 - 12:26 | 3129646 trav777
trav777's picture

this was inevitable...who could be surprised? The money BOA used came from FNM or the Fed in the FIRST PLACE.  It's a circle jerk.

They gave FNM some money that FNM will now give back to them for newly-sanitized mortgages.

Mon, 01/07/2013 - 12:50 | 3129731 Popo
Popo's picture

Why should anyone obey any laws?   We have banks which are clearly guilty of fraud by every possible legal definition of the word.  We have bankers who are guilty of theft.   (Corzine is still free after *STEALING* one billion dollars of client funds).  

This is outright lawlessness.   The moral of the story which is being CLEARLY communicated by our legal system is simple:  Crime pays and *will not* be prosecuted.

Mon, 01/07/2013 - 12:57 | 3129749 Pladizow
Pladizow's picture

ANY crime and ONLY a fine!

Mon, 01/07/2013 - 13:08 | 3129783 Raymond K Hessel
Raymond K Hessel's picture

You make me want to cover Samy Davis Jr's Baretta theme song and change the words to fit this act of fascism.

Mon, 01/07/2013 - 13:36 | 3129873 knukles
knukles's picture


The government collects the penalty from the miscreants and those harmed see no benefit.

Whatever happened to the good olde restitution and time resulting from fraud?

Mon, 01/07/2013 - 13:44 | 3129902 Hippocratic Oaf
Hippocratic Oaf's picture

See: Jon Corzine

Mon, 01/07/2013 - 14:04 | 3129970 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

10 billion?  that's a whole 5 minutes of QE

Mon, 01/07/2013 - 16:54 | 3130644 redpill
redpill's picture

One of my properties has a BONY loan on it, and wouldn't you know those sneaky effers aren't party to any of this crap though I don't doubt they are just as guilty.

Mon, 01/07/2013 - 18:27 | 3130915 Omen IV
Omen IV's picture

BoNY acted as trustees for pension funds and other parties where they committed fraud via markups on foreign exchange contracts undisclosed and other fraudulent practices along with Mellon Bank an affiliate

depending on the bank specialty - the line of business  - ALL include Fraud as a business tool

Mon, 01/07/2013 - 13:46 | 3129908 FEDbuster
FEDbuster's picture

What happened to all the county recorders whom were going to go after the banksters and MERS for not paying recording and transfer fees?  There were billions owed to local governments for non-payment of fees?  Anyone have an update, or did the banksters some how throw them a few bucks to settle that too?

Mon, 01/07/2013 - 15:00 | 3130193 smlbizman
smlbizman's picture

exactly...i will never buy a property again.....nobody and i mean nobody knows whether there is clear will be told...dont worry, you have title insurance, what could possibly go wrong?....

Mon, 01/07/2013 - 15:05 | 3130222 FEDbuster
FEDbuster's picture

Title insurance only covers up to the original purchase price and has all sorts of "outs" for the insurance company.  If your house goes up in value due to the market and improvements, and you have a defective title you could be SOL.  Here they are issuing "special warranty deeds" that won't cover prior transactions defects.   Yes, the chains of title will be FUBAR for many years to come.

Mon, 01/07/2013 - 12:19 | 3129621 quintago
quintago's picture

Great. And by waiting rates have come down to the basement and house prices are up which has made banks whole again. Just 2 weeks ago I bid 351K above ask on a foreclosure. It went for 450K above ask with 17 offers.

All the offers were cash. The bank foreclosed in July with an outstanding loan, interest, penalty balance of about 1.1M. This sale netted the bank about 350K.

Mon, 01/07/2013 - 12:36 | 3129691 adr
adr's picture

Is anyone going to actually live in the house? Wait are you that guy that works for Citadel that overbid by millions on the beachfront property?

You are just playing the greater fool game. Investments aren't tangible assets, they are tools to find the greater fool.

Speculators are only bidding above ask for real estate because they believe an even richer fool will bid above them at a later date.

Maybe PSY was spotted in the area, giving a quick 20% gain to every house in the neighborhood.

Mon, 01/07/2013 - 12:21 | 3129628 MachoMan
MachoMan's picture

It's always been the civil suits that will bring this thing down...  the big issue is informing courts as to what all has been going on.  Quite simply, courts don't believe that the banks (or anyone else) could have been that fraudulent, etc.  It takes some educating....  but, once aroused, there have been plenty of courts (and juries) that will break it off in them.  In other words, all is not lost, yet.

Mon, 01/07/2013 - 12:28 | 3129649 Cognitive Dissonance
Cognitive Dissonance's picture

I understand that the law is your area of expertise and that I'm completely out of my element here.

That said (foot now firmly planted in my mouth) I can't help but wonder......if what you say might happen and that the courts (and juries) become "informed", that "national security" might be invoked at some point and just wipe those nasty suits right away.

We seem to be seeing a whole lot of extralegal shenanigans lately.

Mon, 01/07/2013 - 12:32 | 3129665 Landotfree
Landotfree's picture

Robosigning is not the problem, only a symptom of the problem.   The banks that come to court with the note are the ones committing fraud as in 99% of the cases, it was deposited in the REMIC without recourse.

It is funny that after 3 years, the majority of people are still missing the whole problem.   How can a bank or other show up when it is part of a mortgage back security?   

There is no collectivism in the law, if you do not stand up for yourself, be prepared to get back in line.

Mon, 01/07/2013 - 12:38 | 3129698 adr
adr's picture

One of my fathers friends is virtually bankrupt but had a $700k home outside Boston. They foreclosed on his home but they couldn't provide any paper documentation that the bank owned the home, so he gets to keep it.

Mon, 01/07/2013 - 13:49 | 3129920 Raymond K Hessel
Raymond K Hessel's picture

That scenario is the only reason we have a robust refinancing drive in this country.  MERS fucked up the chain of ownership with respect to mortgages and notes.  Without it, people are paying down notes that are in some cases not attached to mortgages.  Remember that notes are the loans and mortgages describe the collateral (your home).  MERS and MBS unintentionally severed notes from mortgages making your father's friend situation possible and a very common story around the country.

Tue, 01/08/2013 - 15:25 | 3131623 kwality
kwality's picture


Mon, 01/07/2013 - 12:41 | 3129707 chunga
chunga's picture

Bingo! You got Bingo!

15 USC 1641(f) 2)

(f) Treatment of servicer
(1) In general
A servicer of a consumer obligation arising from a consumer credit transaction shall not be treated as an assignee of such obligation for purposes of this section unless the servicer is or was the owner of the obligation.
(2) Servicer not treated as owner on basis of assignment for administrative convenience
A servicer of a consumer obligation arising from a consumer credit transaction shall not be treated as the owner of the obligation for purposes of this section on the basis of an assignment of the obligation from the creditor or another assignee to the servicer solely for the administrative convenience of the servicer in servicing the obligation. Upon written request by the obligor, the servicer shall provide the obligor, to the best knowledge of the servicer, with the name, address, and telephone number of the owner of the obligation or the master servicer of the obligation.

Given the very first opportunity to break the law - they did. REMIC Failure cannot be cured...and all the mortgages within the trusts are no longer "qualified".


Mon, 01/07/2013 - 14:00 | 3129958 Landotfree
Landotfree's picture

Yup!  To me the robo-signers are the least dishonest... the ones that show up with all the paperwork that should be with the REMIC are even worse.

Mon, 01/07/2013 - 12:28 | 3129653 trav777
trav777's picture

yes it, haven't you been paying ATTENTION the past 10, 15, 30 years?

Fraud like this will be papered over.  Too many civil suits and they will just pass a law and sweep it under the rug.  It will be yet ANOTHER chance for the deadbeat leeches who "bought" the houses to get even MORE free crap.

Mon, 01/07/2013 - 13:24 | 3129831 MachoMan
MachoMan's picture

Yes on a macro level, no on a micro level discussing the specific topic at hand...

Mon, 01/07/2013 - 12:32 | 3129666 pods
pods's picture

Well it seems like they are getting off for past transgressions, but does this do anything to solve the problem of banks fubaring the collateral process, putting blank notes through the REMICs, fractional reserve MSBs, etc?

Robosigning was a very small part of the whole RE fiasco.

What are your thoughts?


Mon, 01/07/2013 - 13:08 | 3129784 MachoMan
MachoMan's picture

No.  The government cannot speak for or take private rights or property without first offering just compensation (the government can change the law, however, that typically does not invalidate pre-existing causes of action).  As a result, the extent of the government's settlements is for the government to agree not to prosecute either in criminal or civil matters associated with the settlement topic...  and, even then, only specifically for the topic agreed [I think fraud and some other exceptions might be present; not that it matters].  This also has nothing to do with States' causes of action (criminal or civil)...  so they had to pony up and pay the AGs too.

Private suits are still wide open...  however, the big issue is the cost of discovery...  if the governments' (all kinds/levels) investigations were...  diligent in the slightest, then every attorney in the country needs a copy of all the discovered documents/results...

There is also the issue of breaking international laws...  I suspect some foreign governments may get in on the hunt, but settle for pennies on the dollar (like states) given they are beholden to the mighty printing press the same.

Mon, 01/07/2013 - 13:25 | 3129833 pods
pods's picture

Thanks MM.  

I cannot see how they could wave a wand and (ex post facto) make this whole mess go away.  I think what they are going to try to do is wait for all the toxic sludge to purge from the system, as most mortages last like what, 7-10 years.  Add in the Maiden Lane backstop and the FED purchasing MBSs, the banks are just hoping to keep the status quo while the pool of toxic sludge slowly shrinks.


Mon, 01/07/2013 - 15:10 | 3130241 MachoMan
MachoMan's picture

Yep.  FED is bad bank...  how long it can weather the storm while full of toxic assets is anyone's guess, but I'd be long ink.  You are correct as best I can tell...

About the only thing, remedially speaking, that is possible are putbacks...  the GSEs need to putback everything and then the FED needs to do likewise...  with the loans eventually residing at their issuer or close thereto (letting all those along the line play hot potato).  Basically one big do-over...  all the money "sitting in banks" gets paid out in settlements to make whole those who were defrauded, etc.

Of course, all this might have some perverse effects on velocity.


Tue, 01/08/2013 - 19:42 | 3134492 Quantum Future
Quantum Future's picture

MachMan and or Chunga,


I received the following e-mail from Chase Mortgage, my original servicer for my note from Freddie Mac:

Hello Mark,


My name is Wendell Berry and I am a Mortgage Banker at Chase.  The reason for this email is that Chase is currently in the process of complying with a mandate to contact all current mortgage customers who have been deemed eligible for the Fannie Mae/Freddie Mac HARP program.  It has been determined that the loan you have with us is eligible for this program.  You can review details for this program on the attached flyer or at the program website,


The benefits of this program are as follows:

-          You will be able to refinance your primary mortgage to a new conventional FNMA/FHLMC loan even if your credit score is below the normal threshold of 660

-          An appraisal may not be required under certain circumstances

-          Debt-to-income (DTI) limitations are waived in most circumstances

-          This program requires no income or asset verification in most cases 

-          If you currently are not paying mortgage insurance then it will not be added even if your new loan-to-value (LTV) is over 80%

-          There is no loan-to-value (LTV) limitation


Based on my preliminary review of your loan there is currently an opportunity to lower your rate and payment and possibly shorten your term.  It is extremely important that I speak with you regarding it.  In today’s rapidly changing economy it is important that we investigate all available options to save our customers money on their mortgages.  I encourage you to call to discuss your options.  As always, thank you for doing business with Chase!



If you are not 100% satisfied with my service or your experience with Chase at any time, please let me or my manager know right away.  Our contact information is below.  Thank you for choosing Chase.


L. Wendell Berry II, Mortgage Banker

NMLS ID 497967

Mortgage Banking


4660 E. Main St, Whitehall OH,  43213


My original loan is 30 year fixed rate of 6% signed in May 2006. I do have PMI as I only put 10% down since i was not sure how long I would reside in Ohio. The house value is probably 5 to 10 % less than my mortgage. My credit score is high 700's and DTI is below 1.


I plan on asking Chase to provide documentation proving title is still with Freddie Mac and has not been assigned to a REMIC through MERS. I would like to refinance but want to make sure the title path has not been obscured.


Any advice would be appreciated.




Mon, 01/07/2013 - 12:33 | 3129674 NotApplicable
NotApplicable's picture

Whar? Whar civil suts?

Mon, 01/07/2013 - 12:39 | 3129699 spentCartridge
spentCartridge's picture


The bank and the 'courts' are all part of the same entity, the one that has hijacked everything else, so they ain't gonna do anything about it.

Legal land and the bank are the same thing.

They know, we (some of us) don't.


Legal is not Law.


Never was, never will be. The 'courts' are an invention of the elite/banks/.gov/etc. and they don't deal in fairness or justice. They're all in it for the money (that ain't real), they steal whilst pretending to be the guardians of justice and our ignorance enables them to do so.

Bending the meanings of words and spells is what they do. Trickery and deceit wearing a $mile.

Everything is not as it may seem, it is all bent.




Mon, 01/07/2013 - 13:00 | 3129758 MachoMan
MachoMan's picture

Kind of...  and I certainly agree with the bulk of your premise.  The problem?  Well, power didn't get all of the laws changed to benefit itself before it took a bite of the apple...  As a result, courts can simply follow the express law (and mountains of case law, e.g. separation of note/mortgage) and get to a J6P favorable result...  [although, everyone is fucked because this too benefits the imprudent, but I digress].  At the end of the day, courts have to follow the law.  In these cases, there really aren't any fact questions...  it's primarily a legal question [the facts can't really be disputed].  Even if the yokel court gets it wrong, the appellate court probably won't...  It's really a simple equation...  the big impediment at the present is the cost of discovery for individual suits.  Once critical mass has been obtained of discovery (probably nearing it, although chunga is better suited to speak on the issue), then everyone can piggypack on old affidavits, depositions, etc. and have all the necessary materials to win their cases...

Mon, 01/07/2013 - 13:14 | 3129798 spentCartridge
spentCartridge's picture

They can win anyway, regardless, in more than one way.

Mortgage is fraud. There is no equal consideration (amongst other things), so that means the contract is void, which means you don't owe anthying.

Also worth bearing in mind is, you can't sell something that isn't yours (fraud), so right from the go (more than likely) you buy your house off someone else who hasn't paid for it yet themselves, which means they can't sell it (fraud again) without owning it in the first place. Then we have the banks chopping up mortgages that are already fraud into derivatives and bundling them up to sell on again ... which is fraud, because you can't sell something that isn't yours, especially if you don't tell them about it first, only after you get busted.

But then, you own the monopoly board anyway so you can print 'get out of jail free' cards along with all of your dough.

Bank/legal land/.gov/fraud ~ same shit in different buckets.


Mon, 01/07/2013 - 13:22 | 3129824 MachoMan
MachoMan's picture

This topic has been discussed ad nauseum on this site, but the issue of consideration is a misnomer...  The only bank that does not give consideration is the initial mover, e.g. the FED.  The remainder of the system (albeit feeders at the trough) consists of entities separate and apart from the FED.  As a result, in order to procure the funds, these feeder banks must borrow from the FED.  This constitutes legal consideration.

Although, this arrangement gets blurry post bailout nation...  [also post sub-prime...  despite repeated attempts to reblow the bubble].

Mon, 01/07/2013 - 13:40 | 3129888 spentCartridge
spentCartridge's picture

It isn't just the consideration regarding the contract. That's just one, another one would be that the bank, knowing that there was no consideration, acted with aforethought of malice to deliberately defraud you, which is also a breach of contract, so that's two down out of four, but there are a couple or more still left. Contract void, you owe nothing.

Mon, 01/07/2013 - 14:26 | 3130055 MachoMan
MachoMan's picture

I just explained why there was consideration...  you act as though the concepts you're pontificating haven't been tried before (do you really think that lawyers wouldn't jump at the chance to argue their clients owe no money???  Give em a cut of the saved note costs and everybody wins, right?)...  you've been the victim of misinformation.

The bank does not make representations about what the price of your home is going to do...  and, frankly, even if it did tell you that your home would mercilessly appreciate in value so that you can HELOC yourself silly, then no reasonable person could rely upon such nonsense (thereby precluding fraud...  aside from the fact that it would be a representation about a future event, which also isn't fraud).  It fails the basic math/smell test.  In other words, there is a huge divide between people thinking that their assets are going to increase in value and some third party promising you that they will...  the former (as happened in this case) creates no legal cause of action.

The other issue is ratification/waiver...  which, over time, can cure an otherwise void contract (e.g. used car salesman sells a car to a 16 year old, he drives it til he's 21 and then tries to invalidate the contract for his prior incapacity...  no dice).  Needless to say, there were plenty of payments made on these loans before they went south...  or other actions which might constitute waiver/ratification.

We're also discussing moreso the ramifications of the liens on the property, rather than the notes themselves...  in short, it's one thing to invalidate a mortgage (or have it rendered unenforceable)...  it's a whole other ballgame to say that you owe nothing on the note.  Big difference.

You're approaching the problem incorrectly...

Mon, 01/07/2013 - 14:36 | 3130087 waterhorse
waterhorse's picture

Interrupting here - but quick quesiton.  What about the recent LIBOR fraud scandals in relation to an ARM?  Is that one being argued yet?  It should be.

Mon, 01/07/2013 - 15:00 | 3130200 MachoMan
MachoMan's picture

AFAIK, there are dozens if not hundreds of LIBOR suits...  states/municipalities are jumping on the bandwagon...

The biggest issue I see with that argument is damages...  considering rates have been monkeyhammered into the ground, I fail to see where J6P was hurt...  in fact, J6P should probably give them a big hug for the help.  Now, issuers of debt and purchasers of derivatives to hedge against interest rate changes might be a different story.

Further, even if one was damaged, I'm not sure that would invalidate the contract/note...  rather, damages would be the difference between the market rate (outside of manipulation; whatever the fuck that is) and the actual payments...  probably a small fraction of the monthly payment (and only for the interest portion).  For the average mortgage, maybe $100-$200 (max) per month for???  5 years?  I know many lawyers that would take that kind of case, but $10k is not enough in controversy to even litigate the vast majority of the time....  for people that don't care about simply proving a point/having their day in court.     

Mon, 01/07/2013 - 13:27 | 3129839 lesterbegood
lesterbegood's picture

Mortgage: A French legal term literally meaning 'dead pledge'. Mort=dead: gage=pledge.

The dead cannot lawfully own property.

Mon, 01/07/2013 - 13:13 | 3129796 lesterbegood
lesterbegood's picture

And the payoff to the judges and clerks of the 'court' comes from Court Registry Investment System managed by the Fed and JPM.

Mon, 01/07/2013 - 13:08 | 3129781 waterhorse
waterhorse's picture

You're right about that, MachoMan.  I fought for 2 years over a HAMP Fraud in the Inducement.  Only a few judges like Judge Schack "get it".  I had one who was somewhat fair-minded, but still didn't want to hold the banksters accountable for ANYTHING.  I don't get this attitude.  Is it because the judges are overwhelmed with cases?  Are they actually bought-off?  What on earth accounts for the attitudes of turning justice's alleged "blind eyes" to FRAUD?  How can they "not believe" the fraud after they see it 100s of times in the courses of their daily cases?  My case settled and I did squeeze some money out of the bankster - but they did end up with my property which they never did prove they owned - that's okay though - house falling apart.  I'm in a better place now and have moved on.

Mon, 01/07/2013 - 13:18 | 3129813 MachoMan
MachoMan's picture

It's a psychological impediment...  I do believe that there is some corruption (probably well documented in Florida), but I think most of it is simply knee-jerk reaction/stereotyping, among other issues.  The biggest issue though is that courts tend to make bad decisions when deciding between two deadbeats...  (courts make bad precedent when there is only one deadbeat, e.g. a "result oriented" judiciary, ex. they want to make the judgment for granny stick, despite it being against established law).  Here, we have a deadbeat creditor (totally fucking worthless pieces of shit) and a deadbeat homeowner (clearly in default).  It's simply not very convincing to the court (nor anyone else for that matter) that you argue "I didn't pay my mortgage, but they can't foreclose on me."  The entire purpose of the court is to administer justice...  and, in these cases, it tends to be foggy because there's no love lost for either side.  Another issue is that for the most part, these judges see deadbeat debtors all day every day and as soon as you walk in, you're lumped into the same category.  In the vast majority of cases, the creditor should win where the debtor admits default...  it's pretty simple...  One strategy that's good to employ always is to make the court's decision easy...  if you can offer a solution that lets the judge get to fishing a day earlier than scheduled, you make that argument!

The real argument, imo (from the academic side anyway) is to uphold the sanctity of the law...  both sides suck, but not siding for the homeowner throws precedent out the window and takes a giant shit on procedural safeguards as well as rudimentary policy (figuring out who the fuck actually has a lien on the land).  About the only time you can get a sympathetic court is to have a blue hair that got booted out on christmas or something...  the rest is largely academic and mind numbingly boring.

Mon, 01/07/2013 - 14:37 | 3130090 waterhorse
waterhorse's picture

Thanks for the reply.

Mon, 01/07/2013 - 16:16 | 3130513 Westcoastliberal
Westcoastliberal's picture

Two words: Cognitive Dissonance.  Or they're just paid off.

Mon, 01/07/2013 - 13:10 | 3129788 Palladin
Palladin's picture


Could you supply a high resolution image of that pic.

I'd like to make a T-shirt out of it, and when sombody asks about it, I'll let 'em know how they got screwed, and the Banks got off with a slap on the wrist.


Mon, 01/07/2013 - 13:27 | 3129841 williambanzai7
williambanzai7's picture

She junked you...


Mon, 01/07/2013 - 14:00 | 3129947 Cognitive Dissonance
Cognitive Dissonance's picture

I believe you'll find her in the local (JP) Morgue under the anon "Jane Doe".

Brutally mugged by the TBTF, then left to die on the bloody sidewalk as pedestrians hurried by, afraid to look or even to care.

Mon, 01/07/2013 - 14:39 | 3130094 waterhorse
waterhorse's picture

are you sure?  I thought she had donned a 24K cloth of gold toga and was offering her wares to the banksters with the most coin.

Mon, 01/07/2013 - 15:55 | 3130422 monad
monad's picture

Last seen under judge Ito's bench. LA raw. 

Mon, 01/07/2013 - 12:10 | 3129592 dick cheneys ghost
dick cheneys ghost's picture

I am Linda Green

Mon, 01/07/2013 - 12:28 | 3129651 Seasmoke
Seasmoke's picture

no, I am LINDA green

Mon, 01/07/2013 - 12:35 | 3129687 bnbdnb
bnbdnb's picture

Your mom is Linda Green.

Mon, 01/07/2013 - 12:41 | 3129706 TerminalDebt
TerminalDebt's picture

Linda Green can barely write


Mon, 01/07/2013 - 12:47 | 3129722 The Juggernaut
The Juggernaut's picture

I banged Linda Green.

Mon, 01/07/2013 - 13:04 | 3129766 slackrabbit
slackrabbit's picture

(paraphasing Monty Pythion's Life of Brian)

I'm Linda Green and so's my wife!


Mon, 01/07/2013 - 13:51 | 3129928 waterhorse
waterhorse's picture

Uh-oh.  Hope you didn't get the "gift" that will keep on giving...

Mon, 01/07/2013 - 15:52 | 3130403 monad
monad's picture

What color was she before you banged her? Have you had your meat checked?

Mon, 01/07/2013 - 12:46 | 3129719 scatterbrains
scatterbrains's picture

Why not a Linda Green platinum coin? Done deal.. next ?

Mon, 01/07/2013 - 16:06 | 3130237 FEDbuster
FEDbuster's picture

"Who is Linda Green?"

Ayn Rand

Mon, 01/07/2013 - 12:35 | 3129688 NotApplicable
NotApplicable's picture

I served with Linda Green.

I knew Linda Green.

Linda Green was a friend of mine.

You, you're no Linda Green.

Mon, 01/07/2013 - 12:52 | 3129738 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

See Linda Green, she's so serene, she's got a tv in every rooooom...

Another Pleasant Valley Sunday...

Here in status symbol land!

Mon, 01/07/2013 - 12:54 | 3129741 dick cheneys ghost
dick cheneys ghost's picture

It's not easy being green

Mon, 01/07/2013 - 13:20 | 3129819 spentCartridge
spentCartridge's picture

Linda woz 'ere

Mon, 01/07/2013 - 12:10 | 3129593 stocktivity
stocktivity's picture

Benny will save the banks at all costs. Until he stops the printing, It's all Bullshit!!!!

Mon, 01/07/2013 - 12:11 | 3129595 buzzsaw99
buzzsaw99's picture

Hey Mulligan Man!

Mon, 01/07/2013 - 12:11 | 3129597 SmoothCoolSmoke
SmoothCoolSmoke's picture

Crooks walk ........again.

Mon, 01/07/2013 - 12:12 | 3129601 Pooper Popper
Pooper Popper's picture

Is it Banker season yet?

Mon, 01/07/2013 - 13:52 | 3129929 waterhorse
waterhorse's picture

yes, year-round open season.

Mon, 01/07/2013 - 13:57 | 3129944 Raymond K Hessel
Raymond K Hessel's picture

No, it's taxpayer season still.

Mon, 01/07/2013 - 12:13 | 3129602 j0nx
j0nx's picture

Tis good to be king. Will only stop when citizens advance on DC en masse. Not calling for that mind you, just simply stating the obvious as a fly on the wall observing the happenings. Of course.

Mon, 01/07/2013 - 12:17 | 3129612 chunga
chunga's picture

What a joke this country has become.

"Those who make peaceful revolution impossible will make violent revolution inevitable." JFK

Mon, 01/07/2013 - 12:33 | 3129676 CrimsonAvenger
CrimsonAvenger's picture

"Those who want to make violent revolution impossible better keep putting out quality programming like Dancing with the Stars." CA

Mon, 01/07/2013 - 12:19 | 3129619 monad
monad's picture

 "I am only a patsy." - Lee Harvey Oswald

Mon, 01/07/2013 - 12:18 | 3129620 apberusdisvet
apberusdisvet's picture

If you have a good attorney, you can still kill them in court with the lack of paperwork proving title.  But with all the corrupt judges, it's only a 50/50 proposition.

Mon, 01/07/2013 - 12:44 | 3129714 Winston Churchill
Winston Churchill's picture

You may lose at county level.

Provided all your case is in written motions, and the hearing is stenographed you will

win on appeal 90% of the time.

The appeal ONLY deals with matters raised in the original case.You cannot bring in

new issues or issues you didn't raise previously.So hit them with everything,pay

the $1500 for a forensic accountant  and title reportr.Get a lawyer that knows what is

really going on, and is not worried about rainmaking  future business from the banks.

Screw them before they screw you.

Mon, 01/07/2013 - 14:33 | 3130079 MachoMan
MachoMan's picture

This.  My experience with appellate courts is that they follow the law...  and these cases are pretty much paint by the numbers...  if the county court screws it up, then I suspect you'll have a really good chance on appeal.

[also, what kind of fucked up, BFE court is not going to have a court reporter/recorder for a hearing to take your land?  I live in BFE and this is a rudimentary safeguard for all courts with jurisdiction to actually take your land]

The other aspect, practically speaking, is all these experts and other professionals don't work for free...  if you're in default in the first place, then you probably don't have the scratch to pay them...  Further, the right attorney should be able to handle any accounting matters associated with these types of cases (some of us are accountants too), although, most attorneys' heads explode when attempting to do rudimentary math.

Mon, 01/07/2013 - 12:45 | 3129717 NotApplicable
NotApplicable's picture

I know I wouldn't walk into a court with the idea that the lack of legal standing for a land-grabber made any difference given the state AG is waiting for his cut of the settlement loot.

Mon, 01/07/2013 - 12:58 | 3129752 Winston Churchill
Winston Churchill's picture

Your wrong.Most cases are won on appeal for exactly that reason.

Most never get that far,because if lack of standing is proven, the

pretender banks are settling out,with a no publicity clause,before

it gets that far.

As 95%  of fraudclosure victims don't even bother to appear,the

banks are making out like the bandits they are.


Mon, 01/07/2013 - 14:44 | 3130114 MachoMan
MachoMan's picture

Yep.  This was the issue with Florida's rocket docket...  Why does the state need to pay a ton of money to oversee foreclosures for people who default and refuse to appear in court?  And, as a result of the obvious answer, the foreclosers run wild...  passing off all kinds of bullshit documents.  The court takes one look at it and says "this motherfucker has decided that he defaulted and doesn't even dispute the bank's/third party "assignee's" claims".  The courts do not give two shits about defaulting parties...  Hell, there is a subset of case law here where a judgment, otherwise void for failure to obtain service, is merely voidable if the defendant knew about the lawsuit...  thereby requiring the defendant to show a meritorious defense (which no debtor has because they haven't been making note payments).

The state actually uses the same tactic for eminent domain cases, e.g. highways.  If they take the land of 200 people, 175 of them won't even contest the state's lowball valuation...  crazy.

Mon, 01/07/2013 - 16:11 | 3130494 Westcoastliberal
Westcoastliberal's picture

Judges won't let the little guy win because it would "bring down the system". It's the judge's discretion to allow evidence in.

Mon, 01/07/2013 - 12:19 | 3129622 Walt D.
Walt D.'s picture

Government of the banksters, by the banksters, for the banksters, shall not perish from the Earth.

Mon, 01/07/2013 - 12:20 | 3129625 comrade rally monkey
comrade rally monkey's picture

If Ally bank gave me $100,000 in a briefcase...I would'nt take a dime either. Cause there are'nt any friggin dimes....Just benji's. I may take a few of those.

Mon, 01/07/2013 - 12:20 | 3129626 adr
adr's picture

Just like your average banker who steals $350 million, pays a $10 million fine and goes to jail for five years. After five years he retires to the Riviera.

Of course now the banker steals a few billion, doesn't pay a fine, no longer goes to jail, and gets a cushy government job afterwards for allowing congress to act on the inside trade information.

Mon, 01/07/2013 - 12:35 | 3129681 buzzsaw99
buzzsaw99's picture

Of course now the banker steals a few billion, doesn't pay a fine, no longer goes to jail, and gets a cushy government job afterwards so he doesn't have to pay taxes on his ill-gotten loot.

Mon, 01/07/2013 - 14:38 | 3130091 FeralSerf
FeralSerf's picture

What a terrible thing to say about Hank Paulson and Timmay, the financial leaders of our country.

/sarc off

Mon, 01/07/2013 - 12:21 | 3129627 Bogdog
Bogdog's picture

Move along, nothing to see here but MASSIVE COLLABORATIVE FRAUD and no one fired or gone to jail. Same shit, different day.

Mon, 01/07/2013 - 12:35 | 3129684 duo
duo's picture

Bill Black:  This is 70 times  bigger than the s&L debacle.  By this point in the '90s investigation, we had 1000 people in jail and 7000 indictments.

Ergo, we should have 70,000 people in jail and half a million facing charges

Mon, 01/07/2013 - 14:43 | 3130106 FeralSerf
FeralSerf's picture

Clearly the criminals learned from their experience in the 90s and this time made sure the necessary gov't. officials were in their pockets first.

Mon, 01/07/2013 - 12:23 | 3129633 Winston Churchill
Winston Churchill's picture

Only absolved by the Fed Govt. and States.

Specifically not from actions by groups other than that.And those words are written

into the agreement.

The state has no power to invalidate those rights(yet)..

If someone doesn't take up the mantle of private criminal prosecutions

against the lawbreakers,then at somepoint ropes and pitchforks will be used instead.

Mon, 01/07/2013 - 12:24 | 3129639 Kaiser Sousa
Kaiser Sousa's picture

that red headed bitch and and the other male propagandist were on Bloomberg just a minute ago with a fellow correspondent discussing the BIS allowing the banks another four years to up their liquidity to account for all the worthless shit on their balance sheets...

the fellow correspondent said that the bankers once again got over and that the Fed's r bending the public over backwards once again and that there is no accountability on Wall Street...

the asshole male propgandist said the following..."but sending bankers to jaill wont ensure that there wont be a future  financial cirsis...."

and by that logic i suppose we shouldnt bother sending murders to prison either since it doesnt guarantee they wont murder again in prison or on the street....RIGHT????RIGHT???

THE BANKERS R UR REAL GOVERNMENT......................... 

Mon, 01/07/2013 - 13:01 | 3129759 slackrabbit
slackrabbit's picture

Yea exatcly; With thinking like that, I guess he doesn't bother to or wipe his arse either...

Mon, 01/07/2013 - 12:25 | 3129642 adr
adr's picture

Wow that Linda Green is amazing, I bet she could make a few Babe Ruths easy.

She also possesses amazing ambidexterity. There aren't many people that can write that well with both their left and right hands.

Mon, 01/07/2013 - 12:27 | 3129648 ebworthen
ebworthen's picture

And no jail.

All you need to know.

If you are a bank you can steal, lie, cheat, commit fraud and WALK.

Mon, 01/07/2013 - 12:33 | 3129671 Winston Churchill
Winston Churchill's picture

They are still doing it right now.

Only with better Quality Control.

What agreement exactly or did they have their fingers crossed.

Mon, 01/07/2013 - 12:30 | 3129660 adr
adr's picture

I was told last night by a family member, "Why do you care?" When I spoke of the lawlessness of the elites and the total fraud perpetrated on every honest American.

I relied with: "Because, if I even did .1% of anything these people did, and actually admitted to doing. I would be in jail for the rest of my life."

The reply to that was, "Life isn't fair and why should you care, so what."

I replied with, "And that is exactly the problem and why they get to get away with it."

Mon, 01/07/2013 - 12:36 | 3129692 bnbdnb
bnbdnb's picture

Need more Gangum Style.

Mon, 01/07/2013 - 12:32 | 3129668 WarPony
WarPony's picture

De-Construct the Global Central Bankster Vatican Mafia Cartel with it’s NATO muscle and it’s UN box of rats.


Mongo (DC) but pawn in game of “risk.”


Pitchforks, nah, send in the 101st airborne – all the way to the trading palaces in Frankfort, the “City of London” and Paris~!  We’ve been robbed.

Mon, 01/07/2013 - 12:37 | 3129694 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Linda Green will find work at SLM.

Mon, 01/07/2013 - 12:42 | 3129704 Ham-bone
Ham-bone's picture

Un-Holy Cow -

a guy I know who bought his house in July of '07 for $799k ($790 w/ $9k back in closing costs), put nothing down, went interest only, paid for 3yrs and then strategic defaulted from Oct '10 til year end '12 when he finally moved out.  He got all the tax write offs (he's making good money the whole time) and now will receive a check for his "troubles"...only in aMERICA!!!

Mon, 01/07/2013 - 13:09 | 3129786 tnquake
tnquake's picture

My wife was in real estate for 10 plus years and got out in 2008. She made good money at the time, but just hated all of the headaches with the banks once everything turned to crap.

The stuff people pulled wanted was unbelivable... One person came to closing with over $20K cash. She didn't ask where the money came from.

Another listed her disablitity check from New Hampshire, even though she lived in TN, as collateral and the bank took it! She later lost her disablitity from NH after the mortgage compay asked NH about it. :-)

One house listing was robbed of all the copper water pipes, AC copper, and some electric wiring and the owner threatened to sue her for it. She told him to bring it on.

120% mortgages were common with 0% down and little if any credit checks for poorly built homes. If you couldn't speak Spanish, you couldn't talk to the workers.

Everyone wanted a FREE something, like a washer and dryer or Home Warranty. We saw the trend of everyone wanting something for free then and decided to pay it all off and ride the coming sh@t storm out. None of it made sense then, does now. 20/20 hindisght I guess.

Rant off/

Mon, 01/07/2013 - 12:47 | 3129721 tnquake
tnquake's picture

"Eligible borrowers are expected to receive compensation ranging from hundreds of dollars up to $125,000, depending on the type of possible servicer error."

My guess is the average compensation is in the $500 range... bunch of F'ing banker thieves! It pays to steal if banker is in your title.

Mon, 01/07/2013 - 12:48 | 3129723 waterhorse
waterhorse's picture

"As a result of this agreement, the participating servicers would cease the Independent Foreclosure Review, which involved case-by-case reviews..."

"Independent" Foreclosure review?  Reviewers were handpicked and hired by the banksters.

Mon, 01/07/2013 - 12:48 | 3129724 fijisailor
fijisailor's picture

I personally know just how fraudulent these banks are.  Chase tried to claim ownership of a lien for my house.  Only one small problem.  I paid cash for it in 2009 via a short sale.  If this is going on nationwide which I have every reason to believe is true the banks are literally stealing property with no one to answer to.

Mon, 01/07/2013 - 12:48 | 3129727 toomanyfakecons...
toomanyfakeconservatives's picture

$10 billion? That's it? How about the jailtime? I have more respect for an armed burglar who enters your house at night than these mega criminals who make up the government--financial-regulatory-judicial system.

Mon, 01/07/2013 - 12:48 | 3129729 catacl1sm
catacl1sm's picture

Fucking bullshit.

Mon, 01/07/2013 - 12:50 | 3129732 GrinandBearit
GrinandBearit's picture

Banks = Evil, evil, FUCKING EVIL!

Mon, 01/07/2013 - 12:52 | 3129736 Inthemix96
Inthemix96's picture

Lets hope when this game comes to a close, enough people are aware of who caused this shit-show, and exactly what they are going to do about it.

The world is waking up ZHer's.  The banksters should be afraid, very fucking afraid.

Mon, 01/07/2013 - 13:04 | 3129767 Inthemix96
Inthemix96's picture

And here, you lucky bastards still have tools at your disposal like M16s and AR15s.

Us stupid fuckers have lengths of 2x4s with six inch nails in them.

Think on that bitchez.  And when they come for me, a 2x4 with six inch nails in it will be the first thing that greets her majestys finest.

Fuckers, wish I had a fucking 9mm never mind a fucking stick.

Mon, 01/07/2013 - 14:59 | 3130189 FeralSerf
FeralSerf's picture

They are afraid. That's the reason for Sandy Hook and Aurora -- to get the guns away from the proles.  When people have nothing more to lose some get desperate and desperate people do desperate things.  Some of those people may conclude that the banks are a large part of the reason for their despair.



Mon, 01/07/2013 - 18:16 | 3130865 MisterMousePotato
MisterMousePotato's picture

If They Come for Your Guns, Do You Have a Responsibility to Fight?

"Our framers were very clear on this. If my government comes to take my guns, they are violating one of my constitutional rights that is covered by the 2nd amendment.

It is not my right, at that point, but my responsibility to respond in the name of liberty. What I am telling you is something that many are trying to soft sell, and many others have tried to avoid putting into print, but I am going to say it. The time for speaking in code is over.

You have the right to kill any representative of this government who tries to tread on your liberty. I am thinking about self-defense and not talking about inciting a revolution. Re-read Jefferson’s quote. He talks about a last resort. I am not trying to start a Revolt, I am talking about self-defense. If the day for Revolution comes, when no peaceful options exist, we may have to talk about that as well. None of us wants to think about that, but please understand that a majority can not take away your rights as an American citizen.

Congress could pass gun ban legislation by a 90%+ margin and it just would not matter. I think some people are very unclear on this. This is the reason we have a Supreme Court, and though I do not doubt that the Supreme Court can also become corrupt, in 2008 they got it right. They supported the constitution. It does not matter what the majority supports because America is not a democracy. A constitutional republic protects the rights of every single citizen, no matter what their elected servants say. A majority in America only matters when the constitution is not in play.

I just wrote what every believer in the constitution wants to say, and what every constitutional blogger needs to write. The truth of the matter is that this type of speech is viewed as dangerous and radical or subversive, and it could gain me a world of trouble that I do not want. It is also the truth. To make myself clear I will tell you again. If they come for your guns it is your right to use those guns against them and to kill them. You are protected by our constitution."

This guy is tired of waiting as well...lets discuss this, post this up Tylers.  I would actually love to see the responces to this.

Mon, 01/07/2013 - 12:56 | 3129743 slackrabbit
slackrabbit's picture

The theft and corruption is fucking unbelievable.

I pray this thing crashes and the mob goes wild...

Mon, 01/07/2013 - 12:56 | 3129745 Vooter
Vooter's picture

No fucking jail? Then FUCK OFF. Means absolutely nothing, except that the rest of us should do whatever we can to wreck the system...and profit from it. "I got me a motherfuckin' rock'n' roll's a FREE-FOR-ALL!!!"

Mon, 01/07/2013 - 13:06 | 3129775 yogibear
yogibear's picture

In the meatime the FBI, IRS and NSA make sure the little guy doesn't get out of line.

It's the imoral and criminals in charge and they keep taking the money. Just larger and larger amounts.

Mon, 01/07/2013 - 13:57 | 3129750 waterhorse
waterhorse's picture

It's really sad that times have been tough for Linda Green and Jeffrey Stephan.  They were such hard workers, traveled all over the country - they could be in Texas at the same time they were in Minnesota, New York or California - and they worked multiple jobs too - Vice Presidents of MERS, GMAC and Bank of America and even Vice Presidents of defunct corporations.  They worked very cheaply too.  If such industrious hard workers like them can't manage to stay employed, there really is little hope for the rest of us.  I've heard their jobs had been offshored to India after the tough measures and fraud investigation undertaken by our consumer watchdog govnerment.  With this high dollar settlement which punishes the banks so badly, I suppose they can now bring the jobs back here to the US and the banks will be sure to follow the law now.  Isn't that great news?

Mon, 01/07/2013 - 13:00 | 3129754 unununium
unununium's picture

So, do I no longer have the right to see a properly assigned Note from the bank that wants my payments?

Where are the details?

New Matt Taibbi today

Mon, 01/07/2013 - 13:22 | 3129823 Winston Churchill
Winston Churchill's picture

None of your rights are affected,if you choose to assert them.

Under the OCC consent order they are supposed to withdraw any iffy paperwork

from public records, and never do it again.Thats the good news.

The bad news is they are ignoring the order.

The true lenders will now never come forward to claim their money,

and the banks are filling the vacuum with their bogus fraudcloseures.

The house is just a bonus anyway,the real moneymaker for them is not

having to pay the income streams to multiple REMIC trusts once a foreclosure

happens.Thats the real reason why mods aren't happening.Plus of course they have no

standing to make them.

Mon, 01/07/2013 - 13:03 | 3129762 yogibear
yogibear's picture

Greese the right palms in the Senante and congress and there willing to forgive anything, including murder.

The government give the banksters a bailout with the prompting of Bernanke and the Federal Reserve and congressional as well as senate members get nice fat contributions. The taxpayer is stuck holding the debt.

The crinminals are in charge and they love it.



Mon, 01/07/2013 - 13:12 | 3129794 ghostfaceinvestah
ghostfaceinvestah's picture

So much for the "long MBI / short BAC" trade.

Mon, 01/07/2013 - 14:02 | 3129959 AynRandFan
AynRandFan's picture

So, the people who didn't pay their mortgage payments and who haven't suffered any actual damages will receive up to $125k for falsification of foreclosures they would have incurred anyway?

It pays to be a victim, even when you aren't one.

Who pays for this extortion?  Shareholders.

Mon, 01/07/2013 - 14:13 | 3130004 Papasmurf
Papasmurf's picture

Who pays for this extortion?  Shareholders.

Savers and investors.

Mon, 01/07/2013 - 14:27 | 3130060 waterhorse
waterhorse's picture

Yeah, so let's give those poor bwankers a free pass - who cares about the fraud?  Some Joe 6-P with a Countrywide Pick-A-Pay LIBOR ARM, MERS DOT and empty REMIC who bought more house than he can afford might "profit" at the expense of the banksters.

Mon, 01/07/2013 - 14:34 | 3130082 Winston Churchill
Winston Churchill's picture

If you are still paying that mortgage(after finding its illegality), who is the

greater fool again ?

Why are you trying to play it honestly with a bank that probably absolutey isn't ?

Piss or get off the pot.

Mon, 01/07/2013 - 16:45 | 3129973 Benjamin Glutton
Benjamin Glutton's picture

Beautiful Money Bitchez!!!


alternate translations of Linda from Spanish to English include-------> beautiful,pretty,nice etc.


green is slang for money.


Linda Green is banker snark for beautiful money. their way of saying suck it,imo.

Mon, 01/07/2013 - 14:11 | 3129997 Papasmurf
Papasmurf's picture

$10B won't even pay the legal costs to clear all the clouded titles.

Mon, 01/07/2013 - 14:12 | 3129998 Shizzmoney
Shizzmoney's picture

The fine pays about 1/4th of the amoutn of money the Fed prints per month to buy up MBS.

Yup, sounds about right.

Mon, 01/07/2013 - 14:45 | 3130115 waterhorse
waterhorse's picture

Maybe that's why Timmy quit, in a sulk that he couldn't foam the runways a little bit better for his buddies.

Mon, 01/07/2013 - 14:27 | 3130061 Fix It Again Timmy
Fix It Again Timmy's picture

With TPTB behind you, you can get away with murder...


Mon, 01/07/2013 - 14:42 | 3130105 Joebloinvestor
Joebloinvestor's picture

What a fucking SCAM.

More damage then Maddoff and no one went to jail.


Mon, 01/07/2013 - 14:45 | 3130120 waterhorse
waterhorse's picture

Banksters are Teflon-coated.

Mon, 01/07/2013 - 14:58 | 3130185 noname
noname's picture

is that nookie Green know thats Linda Green

Mon, 01/07/2013 - 15:35 | 3130347 SmittyinLA
SmittyinLA's picture

So let me get this straight, people that lied about their incomes and bought homes they couldn't afford (immigrants & aliens) and are/were foreclosed upon are gonna get a $125000 check from bankrupt banks to offset the borrowers' loan fraud losses? 

And this will "fix" the housing market? 

We have a 30 year boomer sell off already begun, on top of that the replacement population is mostly poor uneducated latinos that don't have the bloated Soviet Union and Mao's china to compete against, America's housing prices will be dropping steadily for the next 10-20 years.

The replacement population is also carrying 16T debt and 110T unfunded liabilities too, its all coming out of housing one way or another, the more the state takes the less Americans can spend on housing, basic math.

Property taxes are gonna skyrocket too, just another of the endless waves of Socialist mayhem that will innundate America and housing prices. 


The invade and loot America platform won, deal with it. 

Wed, 01/09/2013 - 05:06 | 3135629 lmile61
lmile61's picture

Well thats a good news for linda!!!!!!! ecommerce web development

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