AFR Letter to Congress RE H.R.1315 That Would Handcuff Consumer Financial Protection Bureau and Give Discredited Banking Regulators Vast Power to Block Needed Protections

RE: H.R.1315 WOULD HANDCUFF CONSUMER FINANCIAL PROTECTION BUREAU AND GIVE DISCREDITED BANKING REGULATORS VAST POWER TO BLOCK NEEDED PROTECTIONS

Dear Representative:

The diverse array of national and state-based consumer, business, civil rights, labor and community organizations listed below strongly urge you to oppose legislation that would dramatically undermine the Consumer Financial Protection Bureau (CFPB) just as it is opening its doors. This legislation sharply decreases accountability and muddles decision-making at the CFPB. It would prevent the CFPB from doing anything until the Senate confirms a director, a process that could take many months. It would also vastly expand the power of disgraced banking regulators to stop strong consumer protection measures. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid agency, without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.

Astonishingly, this legislation completely disregards and denies the causes of the regulatory failures that led to the current financial crisis. The bill also ignores the unprecedented limits on CFPB powers that already exist in the Dodd-Frank Act. Nowhere else in federal law can one set of regulators – in this case two-thirds of the members of the Financial Stability Oversight Council (FSOC) – veto the actions of another agency. The Dodd-Frank Act also caps the amount of funding provided to the CFPB, a statutory limit imposed on no other financial regulator. The CFPB is also the only financial regulator that must comply with rulemaking procedures under the Regulatory Flexibility Act, which will add at least six months to the already lengthy rulemaking process and make it more difficult for the agency to effectively address serious financial abuses that spread quickly.

H.R. 1315 would grant the same regulators who failed so spectacularly to protect consumers and stop the financial crisis broad leeway to block CFPB rules. Bank regulators did not bother stopping dangerous mortgage lending and credit card practices because they were not independent of the lenders they regulated and because they subordinated consumer protection to a dangerously shortsighted focus on the near-term profitability of these institutions. (They called it “safety and soundness.”)

The bill would allow a simple majority of bank regulators and others on the FSOC to veto CFPB rules under the exceedingly vague and easily-manipulated standard that the rules are “inconsistent” with “safe and sound operations.” If we have learned anything from the financial crisis, it is that strong consumer protections would have reduced, rather than increased, systemic financial risk. Consumers would have had less unsustainable debt. Banks would have had fewer losses and been more financially stable. The economy would not have been pushed to the brink of collapse. But that did not stop financial regulators like the Office of the Comptroller of the Currency (OCC) from claiming that protecting consumers from unfair and deceptive practices would harm bank “safety and soundness”.1 The bill would ensure that bank regulators who want to block the CFPB from curbing abusive but lucrative practices – like unjustified credit card interest rate increases or exploding ARM loans – have an easy excuse and a very good chance of succeeding.

H.R. 1315 would make the CFPB less accountable and more likely to slide into gridlock and inaction, by altering the leadership of the agency from that of a single director to a five-member commission. The fractured and unaccountable nature of the current regulatory system allowed consumer protection to fall through the cracks and regulators to blame each other for inaction. That is why Congress consolidated authority within a single agency fully accountable to the President, Congress, the judiciary and the American people. The agency must be able to act in a timely manner when problems arise and to then be fully accountable for its actions. Directors who do not do enough to protect consumers or who overstep their authority will not be able to deflect blame for their actions on other commissioners. Given all of the unprecedented limits on the CFPB’s ability to act to protect consumers described above, putting a commission in charge would be a debilitating blow to the agency’s ability to do anything in a timely manner. Moreover, the CFPB director structure is exactly the same as that of the OCC, which regulates national banks. Why should the CFPB be less able to act quickly and decisively on behalf of consumers than an agency that has a history of bias toward large banks and of indifference or outright hostility to consumer problems?

H.R. 1315 would also prevent the CFPB from assuming any powers until a Director is confirmed by the Senate. Such a measure would freeze the Bureau in its tracks during the period in which the Senate considers the President’s nominee to head it, Richard Cordray. This provision is a gift to opponents of the CFPB in the Senate who do not want to see the agency open its doors. If they block Cordray’s nomination for months or years, they can stop the Bureau from doing anything.
This bill ignores the lessons that have been learned about the regulatory failures that triggered a housing and economic crisis and caused extraordinary pain for millions of Americans. The message that this bill sends is that once again, big banks and financial firms are more important to Congress than families who need a “cop on the beat” to protect them and to keep these failures from ever happening again. Our organizations strongly urge you to vote against this very destructive piece of legislation.

Sincerely,

AFL-CIO
AFSCME
Alliance for a Just Society

Letter and bill text below…

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4closureFraud.org

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AFR Letter to Congress RE H.R.1315

[scribd id=60579938 key=key-194w3z5nt2kgpnajgroe mode=list]

H.R.1315 ‘‘Consumer Financial Protection Safety and Soundness Improvement Act of 2011’’

[scribd id=60579942 key=key-oh1cgu5sai8wwr5jale mode=list]

 

Comments
40 Responses to “AFR Letter to Congress RE H.R.1315 That Would Handcuff Consumer Financial Protection Bureau and Give Discredited Banking Regulators Vast Power to Block Needed Protections”
  1. Each state has a statute of limitation on promissory notes and written contract. See if you can tell the judge this alleged debt is timebarred. See below:

    Debt Collection Statute of Limitations – by State
    http://www.consumerfraudreporting.org/debtcollectionsol.php – CachedFind out what scams are being perpetrated in the name of debt collection; and your rights under the Fair Debt Collection Act on the useful free website.

    Debt problems: Statute of Limitations on Debt Collection
    http://www.bcsalliance.com/y_debt_sol.html – CachedFighting debt collectors: Statute of limitations on debt collection.
    California – Texas – Wage Garnishments — State Statutes

  2. Last evening I started a comment to I vent…half way thru typing it…I had to lay down cause the lack of no sleep took over….I woke up at 5AM this morning and finished my comment….I looked at my notes of what was to be done today…and saw where I had Michael Moore and other professionial protesters listed. so on to Moores web site to see if he had anything listed about the bankers. He had a video on Norway…I watched it and felt so much at peace..it was a video of beauty, life and peace..perfect place to live…my thoughts ran wild as to what we in this country have experienced here…though there were years we were happy..but were we really happy? The years of fake wars putting this country in debt, the 9/11 was terrorism done right within the borders of this country…proof of this crime caused no uprise of the citizens…yet it raised the National debt higher…and killed so many…the mystery of the building #7 going down on it’s own with no answers….all this time the banks were doing their crime on the mortgages and playing the fake real estate market…to cause millions to to lose everything as jobs left the country in groves…you know the rest of this sick massive fraud scheme….Now back to Norway…after feeling good inside my heart that a country could be ‘ like heaven’ and we were living in hell…I went to yahoo news to see what was going on..(.not that I believe all they say.)…and BAM…my world was crushed again…Norway had it’s problems…a hugh building shattered..a crime scene…and while the attention was on this crime scene..another was being done on the Camp grounds..a sicko blasting away at the campers…all camping on a peaceful island and enjoying life…in a moment it was shattered…so was my thinking.
    For 73 years I have lived an honest life..it made me feel good of myself…but where did it get me? What have I gained? My Father was a Detective Lt. on the Detroit Police Dept…doing mafia crimes…and we as children learned crime does not pay. Now I wonder…it doesn’t?? How can so many become overly wealthly without a crime being involved? How can money be printed from from nothing? Is that not counterfeiting ? An imitation made to deceive..a sham…a person or thing that is a fraud? Come on folks, I busted my rear end for many years to earn those fake dollars and wound up with very little…WHY?? Because I was honest, I believed…in a country that was my Country…..but 9/11 told me different….it was a strong warning for all to see…the terrorist were living right here in this country and the ‘ secret society ‘ leaders of the criminal crimes were hiding behind the curtains…gutless to come out into the open world. Now we must continue to go forward with whatever we need to do…otherwise we are doomed….and we are not yet at that stage of their plans.

    • Snowstorm says:

      Like I Vent stated “There is no other Country to go to:

      • lvent says:

        Marilyn, We need to rout out the treasonists hiding from within. There is a foreign multinational Government coup going on in America right under our noses. The sheeple have to wake up.The hlobbying in Washington needs to stop. I missed the radio show my daughter is in softball tourney this weekend. I am glad they talked about how many fraudclosures. The people need to know how massive this crime spree is. The TRUTH is being STRATEGICALLY HIDDEN from the people.

  3. Snowstorm says:

    Well, I am glad to see some support for the idea to ORGANIZE and FIGHT? Bobbi Swann has been working to find an attorney to set up OUR CREDIT UNION ACCOUNT. WE will all work to get the people to join in. We will all contribute $20 bucks each. OUR GOAL will be to get 1,2,3,4, or 5 million people to JOIN IN OUR CA– USE. WE will have money to pay for OUR VOICE or THE REVOLT. Personally, I don’t think we’ll find an attorney to stick their neck out? Even for a MILLION???or TWO. THINK BIG. But we will be able to HIRE a PROFESSIONAL PROTESTER, who will know how to organize the entire FORECLOSURE GROUP on the NATIONAL LEVEL. Keep brainstorming as this is the ONLY WAY LEFT. The courts have foreclosed , and will continue to foreclose. and THEY KNOW THE DOCUMENTS ARE BOGUS DOO DOO. They DO NOT CARE. Pay the $2000 for the forensic audit??? and WHO is going to READ IT??? The judges are NOT RULING for the people. A few cases across the country and their all in APPEALS. Like we all stated yesterday. If there isn’t FRAUD, then WHY the need for IMMUNITY???? JUST more amendments to close the people down. Their so FREAK’N clever, when they word all this SH – -. that they make it look like it’s being done to HELP, PROTECT, and SAVE the people. I need to go throw up now___________________________!

    • I already ‘ lost my lunch ‘….

    • lvent says:

      A forensic audit can help people find the truth and the fraud alot faster than they could ever do it on their own so they can fight for their rights. Lawyers lie and they don’t tell the people the truth. I know first hand.

      • lvent says:

        People need to be taught. There are too many sheeple who dont know what they are fighting for or against..

    • Jeanette Ambrose says:

      Crooks and Liars,murdering self-absorbed treasonous thieves.They DON’T CARE and they really don’t have any”authority” but we’ve been so dumbed down.U.C.C indeed.We ,our sacred Labor,are the”collateral” on their BOOKS….

      Robbed of all that matters….

    • Snowstorm….The good lawyers cannot ‘ stick their necks out now ‘…..reason..they will loose their license…the Bar will do it to any lawyer who goes against the British Guild oath…google it…it is NOT an American oath. This country is controlled by outsiders…The Federal Reserve ( foreigners) own our IRS…the British control our Social Security…that is not a government program..it is suppose to be owned by the people who pay into it…yet the British ( Royalty) have it as a debt..concerning the original 13 Colonies…a tax…. So the British planned it so no lawyers could help the homeowners…does that speak who is with the Pope who claims to own everything in the world? So drop the plans for any attorney to help in the open…not until we vote all the bastards out of office and take the country back. We may get info behind the scenes plus there are experts who may offer to ‘ guide’ us to what should be done. I say for some who have more time to e-mail, send letters or call to whoever we can come up with to help. Help is out there..we just have to get in contact with them..as they may not read this forum. But the word has to get out in any way possible…rally..walk the sidewalk in front of the Federal Reserves..the banks, the government office buildings..keep walking back and forth…on the sidewalk…that is public. This can be done while work is being done to set up the plans. If this isn’t started it never will be solved.

      • Snowstorm says:

        Jeanette, I agree, There are no attorneys for representation, no judicial recourse either. The Courts are not allowing the people to seek a just and fair result. AT the END OF THE DAY, there is NOTHING the people can do. The attorney’s on the radio show are great. I know what they are saying we need to do——-1. get the forensic audit, and 2. get an attorney. You can not win on your own, (pro-se) as there are too many loop holes in law going against you. TRUE, TRUE . But I have tried to hire an attorney and to date cannot find one. SO. JUST HOW ARE WE SUPPOSED TO DO THIS????? I am a fighter, but as time goes on, and what our country is electing to do…..with IMMUNITY, If we can’t even BEAT THEM in foreclosure COURTS, how in the world would be able to overthrow the government???? I feel defeated, and need to gather my marbles and move on. Someone needs to give me a pep talk??????

    • Snowstorm says:

      H.R. 1315 starts as: This act “MAY” be cited as the “Consumer Financial Protection Soundness Improvement Act of 2011. Well, ain’t this a kick in the A-s. Well, folks, in any document “MAY” really means “THEY MAY” , “MAYBE”, “MAYBE NOT”. In real LAW ,, the words usually read as “SHALL” or “WILL”. Could this be a LOOP hole for us if passed?? Lawyers out here?????.

  4. Jeanette Ambrose says:

    Always called”ACTS”,ya’ know what I’m saying?!!

    Un freakin’ real.

    Am I in the Matrix or what?????????????

  5. pamelag says:

    also see HR4646 1 % tax on each bank transaction. these committees are run by the same exact peoples, every head of of every agency..where have i heard this before?

  6. Republicans = Plutocracy

  7. thisblows says:

    REPUBLICANS! REPUBLICANS! REPUBLICANS! WILL THEY EVER GO AWAY????

    • lvent says:

      BOTH PARTIES SUCK. THEY ALL NEED TO GO AWAY.

      • rictic says:

        Amen Vent,, someone who realizes it’s not Rethuglican v Dumbocrat, left v right because all the grovelling little CONgress S*its are bought and paid for by the Elites. They laugh at us every time we argue the Republican / Democrat thing…

      • lvent says:

        rictic, Anyone see Obamas town hall meeting this morning? He quoted J.F.K. and said this is a man made crisis. Obama blamed both parties for the mess we are in and said this crisis was made in Washington. At least he isn’t blaming the American people. We The People did not cause this financial crisis. The treasonists in both parties let the foreign multinational New World Order ring America up with fake debt and send our jobs away and caused MAINSTREET to lose everything when they intentionally crashed the stock market. and privatized our wealth OVERSEAS then socialized the debt they created onto the American people. (See you tube video; (CNBC ILLUMINATI CRASHES STOCK MARKET).. They are intentionally trying to bankrupt AMERICA via THE NEW WORLD ORDER OWNED AND CONTROLLED FEDERAL RESERVE BANK AND THEIR CLASS WARFARE POLICIES SO THE NEW WORLD ORDER CAN TAKE AMERICA OVER WITHOUT EVER FIRING A SHOT. They have done a pretty good job of trying. There is still no moratorium on fraudclosures and OBAMA and his ADMINISTRATION have shown NO POLITICAL WILL TO FIX THIS. SO, the attempts at the ILLEGAL THEFT OF THE HOMES OF THE AMERICA PEOPLE BY THE FOREIGN OWNED BANKS, THE NEW WORLD ORDER, CONTINUES, UNABATED.THERE IS A 20 TRILLION DOLLAR LAND GRAB GOING ON IN AMERICA AND OBAMA HAS DONE_ NOTHING_ TO _STOP_ THE NEW WORLD ORDER FROM STEALING OUR COUNTRY RIGHT OUT FROM UNDER OUR NOSES. MOST DON’T EVEN KNOW THIS IS GOING ON. THEY HAVE NO IDEA THE STACKS OF GOD ONLY KNOWS, HOW MANY FRAUDCLOSURES THE JUDGES ARE DEALING WITH EVERYDAY.THEY ARE KEEPING IT A SECRET FROM THE AMERICAN PEOPLE IN THE WALL STREET OWNED MEDIA. ONE DAY IF THE NEW WORLD ORDER HAS THERE WAY SOME OF OUR NEIGHBORS WILL WAKE UP AND ALL OF THEIR NEIGHBORS WILL BE GONE, HOMELESS, SOCIALISM IS NOT THE ANSWER. MAKING EVERYONE A RENTER. AMERICA NEEDS TO GO BACK TO ITS FOUNDING PRINCIPLES, THE U.S. CONSTITUTION AND THE U.S. BILL OF RIGHTS AND THE STRICT PROPERTY LAWS THAT WERE PUT IN PLACE TO PROTECT WE THE PEOPLE FROM SUCH A TYRANNY. IF THE FOREIGN ‘LENDER” DID NOT SECURE THE COLLATERAL LIEN AT ORIGINATION AND LAWS WERE BROKEN THAT PROTECT WE THE PEOPLE. THEY MAY NOT FRAUDLCOSE AND CLEAR TITLE GOES TO THE HOMEOWNER WHO DID NOTHING WRONG. THE AMERICAN PEOPLE WERE INTENTIONALLY SET UP TO FAIL BY THE NEW WORLD ORDER. RESCIND THE FRAUD. GIVE THE PEOPLE BACK THEIR STOLEN MONEY SO WE CAN START BUSINESSES OF OUR OWN AND PROSPER. THE GOVERNMENT(S) NEED TO STAY OUT OF THE LIVES OF THE AMERICAN PEOPLE. THE U.S. GOVERNMENT BECA– USE OF TREASON, IS NOW A NEW WORLD ORDER/ WALL STREET/FEDERAL RESERVE GLOBAL OWNED MULTINATIONAL CORPORATION AND THE AMERICAN PEOPLE WILL NOT STAND FOR IT. WE THE PEOPLE WILL NOT VOTE FOR ANY REPUBLICONS OR DEMORATS IN 2012 OR 2014. GET READY WASHINGTON BECA– USE WE THE PEOPLE ARE COMING TO RECLAIM OUR HIJACKED NATION. GOD BLESS AMERICA!!!!!!

      • lvent says:

        INTERESTING LINK PROOF OF THE EVIL PLAN BY THE FOREIGNERS TO INFILTRATE AND TAKE AMERICA OVER VIA THE FEDERAL RESERVE BANK AND THE UNITED NATIONS:: http://www.laleva.cc/economy/whocontrolsthefrs.html

      • rictic says:

        Vent, didn’t see the O town hall meeting today, if that is what he said (no reason to doubt it) then it is the only truth that the current administration has told since they have been in office. Like the link, so much of what is said in the article is true.
        I have a hell of a challenge with the Illuminatti and getting my head round if it exists or no. The New World Order, I truly believe exists. The NWO wants to take the US back to the days of Medieval England, to the days of Landowners and Serfs. They do not care if the US dollar crashes, if the US economy crashes. It’s a means to an end. The end of the Constitution, the end of We The People. Will America wake up in time ? I doubt it not while their is another episode of American Idol to watch.

      • lvent says:

        rictic, yes, he said it. He is the only one who ever said the American people are in this mess through no fault of their own. Not even Mr Ron Paul ever said that. I have to give President Obama credit for saying that in defense of the American people. That is why I have been trying to give him a chance. He has woke up the sheeple. He is trying to give us the chance at least to gain the knowledge to fight this NWO. tyranny. As far as the sheeple go, some will never get it. All we can do is try. The people who get it will win. Many people would probably think we sound nuts. That is what they intended. It is the crazy train for sure. You have to get screwed pretty bad by these eliteist to seek the truth and then you get really pissed. As far as the Illluminati goes they do exist and have for centuries. They are a tranch of the NWO/SMOMVATICAN/JESUITS. The History channel sometimes talks about them. My daugter told me that when you are Senior at her High School there is a class you can take to learn about the ILLUMINATI.. SEE THE YOU TUBE VIDEO CNBC ILLUMINATI CRASHES STOCK MARKET. They are only one tranch of many. There are tentacles the NWO uses to infiltrate.

      • rictic says:

        Vent, most folks I know think I’m nuts for thinking the US economy was deliberately crashed without even getting into the NWO thing. I just tell them to Google Henry Kissinger and New World Order and watch the video on You Tube, then we can have a conversation.

      • lvent says:

        Right on rictic, we have PROOF to back up our claims.

      • lvent says:

        George H.W. Bush talked about the NEW WORLD ORDER emerging in a speech that is on you tube.

      • Jeanette Ambrose says:

        poly ticks…blood sucking vermin…barf.They need us to be their eternal debt slaves.

        Games over,reptiles.
        Why DO most people beLIEve that they need someone to”lead”….what has happened to Live and let Live?

        U.C.C.

      • I vent…I read ‘ Who Controls the Federal Reserve ;….I have read so much yet I don’t believe I ever read where …..Why would this country.. back when the government started dealing with the Fed. Res…why would they even consider a private owned ‘company ‘ printing money with no gold back-up? Not even char-coal??? LOL Were they just plain stupid or what? I have a hard time even comprehending any reasoning to even take money that was worthless…If the ‘ Great depression” (and I don’t get where it was so great) was caused by the dollar only worth 40 cents in gold and the people tried to turn the dollars in for dollar worth gold…causing the depression because of the shortage of gold that never backed the dollar….and the government outlawing owning any gold…to turn in all gold owned to the government….sure seems the racket was in full force back in 1930’s…including the government.. all this going on thru the years till now…with so many people with ‘ smarts ‘ not in the government I can’t understand why this ‘ mafia ‘ style was even allowed? Today as we see it happening…printing money with a few cents invested…charging high interest and causing countries to be in high debt…I see this all as a crime syndicate…a group of criminals organized for some undertaking..Frig their by-0laws….our laws of the land say they are criminals…the foreclosures are a complete fraud….If a simple wire-taping is a crime….what the hell is fraud done to a whole country? Hmmm This past history does not say much good for the government we THOUGHT was working in our favor…up to 1913 this country had no debt….look at it now. WAKE UP AMERICA……..this goes deeper than the foreclosures….they don’t own the homes…they don’t own shit…it’s all AIR. We are not the slaves or the enemy, that is brain-washing….they are the enemy. Millions need to unite NOW……Stop the 2 party system in government….smaller government in control by the people and for the people……

      • I see two ways Obama may be talking…One may be he is talking as he understands what has happened and the people are not to blame..I take it he is saying we are the victims…not the ones to blame…( this really tells me nothing…we already know that on our own thinking) Is this just some sort of soft soaping the people? What he is saying means nothing..it is just a bunch of words for people to fall for. to think he is hurting too? Hurting for us? Come on..let’s stop falling for cock and BS…..he is with the NWO….when he speaks like that I feel it is an insult to America to think we are all suckers in belief of any words. ..those days are done…gone… On the other hand he has done nothing to help the people..NOTHING…why is he even sitting in the White House? Why is CONgress still sitting there? Just for the bribes? Certainly they have not done one thing for any of the citizens…just what are they doing? Planning another fake war??? Balancing their own check books and watching their investments? Or maybe sending out their resumes for future job? Nothing but a complete waste of time and money….NOW on the other issue Obama may be hiding is the fear that faces him…he knows the whole country knows what has gone on long before him, what has happened in the recent past involving the corrupt government…millions are filled with anger… so he chooses to remain silent and in the background..knowing we know he is also with the NWO…an enemy to America. he is trapped..cause he now cannot go against the NWO…that would mean a final departure…as JFK found out…that is in their rules. Once in you are trapped. That is why Americans must fight to gain freedom from the criminals stealing the countries of their own lives and property. Otherwise that death rule will be upon us. So I understand when talk comes from one side of the mouth and switches to the other side with different words. that is someone who is living 2 seperate lives. WAKE UP AMERICA

      • Snowstorm says:

        I VENT, Sorry, I did not respond to your question to me yesterday, but I was burned out. The only info I have on Bankruptcy was what I had printed. Indiana laws are clear that if the documents do not provide for the third party notice , they are VOID or can be avoided. It is not for us as we are second party to the cause. I suppose the foreclosing party is the first? But in Bankruptcy, the TRUSTEE that handles your case is considered the third party, so if the documents do not muster up. he can have the entire mortgage VOIDED. Now, the trustee does this with all of the unsecued debts you list ( ONES ELIGIBLE) and they are dismissed. Anything other property you own will be sold (LIGUIDATED) and a fund is set up to pay out to the listed debtors. Pennies to the dollar. Now, I have an unsecured Mortgage in Indiana, that can not be recorded, so the assignment from MERS (JOKE) and the lis pendens (JOKE) has nothing it can attach to. ,,,, which is part of my arguments., so it does not provide for the third party notice. Now , a Bankruptcy attorney states that you can have only a set amount of equity in a home and your car, and personal items, according to your state. All states are different. Now the BIG QUESTION, which is what you and I need, and want to know is. CAN A BANKRUPTCY TRUSTEE VOID THE MORTGAGE, if it is found not to meet the requirements for the third party NOTICE. and….. Would this be then considered an unsecured debt that is free and clear, YES,,,, but then we could keep it. ???? Let’s all look to the BANKRUPTCY ATTORNEYS for this ANSWER. We all have documents that do not MUSTER UP.

      • Snowstorm says:

        YES, I VENT, They stated their was 20 million foreclosures today on the Radio Broadcast. Spread the WORD. WE WILL NOT BE VOTING FOR EITHER PARTY….. PERIOD…….

      • lvent says:

        I have a friend who filed BK. The pretender lender did not have the note. They could not take his home. They cannot force the sale of your home on an unsecured lien. Is there anything at all your state is doing for you? I know the note does not go away in a bankruptcy and the note can come back but their is no fixing the origination fraud. The fact that they never secured the collateral lien at origination. It is too late in many cases to ever perfect that. In my state they have 12 years which is even ridiculous. The fact that they sold unsecure notes as security instruments is more criminal fraud. Even IF they delivered the notes to the trusts, they were NOT ever secure because of the origination fraud. The FOREIGN INVESTORS were really investing in an unsecured money flow, not the house.It was all AN UNSECURED GAMBLE. There is so much crime here it is unbeilievable. That attorney talked about CIVIL RICO. We should look into what that is. These are criminal cases being brought into a civil courtroom. They are using Foreclosure court to attempt to collect unsecure debts on cloudy titles. This is sick. The lobbying in Washington must be stopped. These crooks are buying up our politicians and our judiciary. We have to find these corrupt politicians, name them and rout them out in the next election. Our votes do not count because of all of the lobbying. It has to stop. The people need to know that the foreign multinationals who hate our freedom are hiding from within posing as Americans or are American treasonists. These foreign multinational own the FEDERAL RESERVE,WALL STREET/THE BANKS and the MEDIA. These foreign elite have bought our Government and our Judiciary. They have infiltated America and have committed a Government coup right under our noses. A SNEAK ATTACK. There is no other explanation for why there has not been a moratorium on foreclosures or one criminal prosecution to date.

      • lvent says:

        WOW Susan!!! 20 million foreclosures? I wonder how many of those foreclosres got granted. CNBC is not even giving numbers anymore. Too many people do not know this. Many of those still think it is because people bought homes they could not afford. Someone needs to get the truth out to the sheeple. I think Dylan Ratigan would be the one who would do it.

    • lvent says:

      Susan, this is definitely a foreign sneak attack. These foreign elite and their American treasonist minions have infiltrated and are having a Government coup right under our noses and overthrowing us and trying to take us over from within.

  8. Kathleen Burt says:

    Thanks,

    Just emailed my representative requesting a vote against 1315.

  9. H.R. 1315

    LISTEN UP RESPECTIVE CONSTITUENCIES..HERE ARE YOUR REPRESENTATIVES THAT ARE ACTIVELY WORKING AGAINST YOU BY BRINGING THIS BILL

    THESE PEOPLE NEED TO BE VOTED OUT OF OFFICE IMMEDIATELY!

    SPONSORS OF THE BILL

    DUFFY CAMPAIGN CONTRIBUTORS

    http://www.opensecrets.org/politicians/contrib.php?cycle=2010&cid=N00030967&type=I&newmem=N

    CAPITO CAMPAIGN CONTRIBUTORS

    http://www.opensecrets.org/politicians/contrib.php?cycle=2010&cid=N00009771&type=I&newmem=N

    BACHUS CAMPAIGN CONTRIBUTORS (THIS GUY DESPERATELY NEEDS TO GET THROWN OUT OF OFFICE BASED ON THE CONTRIBUTORS)

    http://www.opensecrets.org/politicians/contrib.php?cid=N00008091&cycle=2010

  10. leapfrog says:

    Who sponsored this piece of $hit legislation? Booby Aderholt? Shelby? Big Bankster Bachus? Issa-deutschebag?

    BINGO! Did my homework and horses ass big bankster Bachus is a co-sponsor. Surprise, surprise.

  11. Snowstorm says:

    IT JUST NEVER STOPS.

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