Rick Ackerman on “Mortgage Sinners” | “The housing boom/bust was caused by a massive collusion between borrowers and lenders”

As of this moment, the picture above is directly intended for you, Rick Ackerman.

Rick, how far off from the truth you are.

Are you that influenced or that misinformed?

Feel free to call me (561-880-LIES) for an hour debate on this issue on our live radio show, Citizen Warriors, this next Saturday on WDJA 1420 and broadcast online around the globe…

Look forward to your call.

Michael Redman

~

Ricky’s article…

Lying to Ourselves?

And make no mistake, that is going to be the most delicate part of any political maneuvering that purports to deal with the mortgage crisis. The New York Times would have you believe otherwise. “Many of today’s troubled borrowers were not reckless,” the Grey Lady editorialized recently. “Rather, they are a collateral damage in a bust that has wiped out equity and hammered jobs, turning what were reasonable debts into unbearable burdens.” We are lying to ourselves if we accept the narrative that the housing boom/bust was caused by factors other than a reckless and massive collusion between borrowers and lenders. We are all to blame, really, although it would appear that, politically speaking, the time has come for the bankers to shoulder their fair share of the housing bust.

You can catch it in full here…

Collusion:

An agreement between two or more persons, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage.

Now, who were the “borrowers” in collusion with to defraud? The only other party they knew of were the “lenders.”

~

4closureFraud.org

Comments
12 Responses to “Rick Ackerman on “Mortgage Sinners” | “The housing boom/bust was caused by a massive collusion between borrowers and lenders””
  1. lizinsarasota says:

    Dear Rick,
    I never heard of you before this moment in time, I don’t know who you are, and I really don’t care.
    I would be happy, happy, happy to be interviewed by you (or anyone else) about my foreclosure situation and we’ll let your audience decide how culpable I was for getting enmeshed in foreclosure by WAMU.
    I’ll tell my story, and you can explain my documents – how does that sound?
    The administrator of this site knows how to get in touch with me and I double dog dare you to give me a call.
    C’mon. You, me, and my forged, fabricated, and robosigned documents.
    Let’s go, you jackass.

    • lizinsarasota says:

      Liz’s comment on Ricky-boy’s site. Let’s see how long this stays posted!

      Dear Rick,
      I’ve never heard of you until this moment in time. Perhaps you are a famous person. However, you’ve never heard of me, so I guess it’s only fair.

      Tell you what. You give me a little space for me to tell my story, which begins with me calling WAMU’s Kerry Killinger way, way, way back in 2001, to tell him one of his mortgage guys in Ft. Myers had falsified my income on my re-fi application. I was furious, and I thought he’d want to know. (Ha, little did I know this was part of the WAMU playbook!)

      Then I’ll tell you how my loan was sold and sold and sold and sold again, finally ending up… back with WAMU.

      Then I’ll tell the part about how WAMU lost one my payments in 2003, wouldn’t find it, and how they eventually did, but not before they filed a foreclosure complaint.

      Then I’ll tell the part about how WAMU made a big mistake on my payments in 2006, jacked up the amount from $2100 to $3000 with no explanation, wouldn’t fix it/explain it for five months while I paid the elevated amount every month, and then suggested I participate in their “forbearance program,” for six months while they figured out their mistake.

      Perhaps you can explain the backdated Assignments of Mortgage, fabricated by the very best foreclosure mill and their fraudulent affidavit mill companions.

      Once you’ve done that, we’ll move on to the Assignments of Mortgage that were supposedly sworn to by an “Assistant Secretary” and an “Assistant Vice President” at Washington Mutual, but these guys turned out to be the “Staff Photographer” at Lender Processing Services and some other guy who also works at LPS – let’s see what you have to say about that.

      I’m not sure if you’re an attorney, but I bet you’d have an opinion about how the Note was lost, but magically reappeared “in open court” during the summary judgment hearing, with endorsements that didn’t quite take the Note and Mortgage to WAMU’s door.

      And what do you think about the fact that the Note and Mortgage wasn’t assigned to WAMU until two months after they filed to foreclose? I mean, the foreclosure mill made such a big deal about WAMU being the owner of the Note and Mortgage, what with the lost note count and all, and then they responded to my answer that I couldn’t find WAMU on a scintilla of paperwork – oh, they responded very forcefully, like I was the village idiot, when all the while the note and mortgage hadn’t even been assigned to WAMU…

      And, seriously, I’d like your opinion of the fabricated Assignment, the one filed in bankruptcy court, that purported to be executed five years after one of the banks went belly up, the one filed SEVEN years after the bank went belly up, the one that’s endorsed with an obvious forgery, the one that’s impossible because it purports to assign the loan from bank A to bank Z, conveniently forgetting banks B-Y.

      And then we’ll look at the Affidavit in Support of Summary Judgment, signed and sworn to by a notorious robosigner, a gal who has been called a liar and fined in at least two different bankruptcy courts in the country. (Read In re Fagan and In re Wilson.) This is the gal who – most unwisely – co-authored the article in Lender Processing Service’s corporate newsletter, The Summit, way back in September 2006, in which she bragged that she executed ONE THOUSAND documents per day.

      After we look at the court documents – fraudulent, each and every one of them – we’ll look at the correspondence between me and WAMU. We’ll see the demands for additional paperwork, where the place to list the paperwork so drop dead necessary to complete my package was left blank.

      We’ll see the letters that required me to send them documents about my home that specified documents for commercial property. We’ll see the documents that were supposedly sent on one date but not postmarked until ten days later, leaving me with two days to respond. We’ll see the documents that demanded I fax documents to them and the fax number – gee, too bad – wasn’t working.

      Then we’ll take a look at my phone logs, We’ll look at my cell phone bill showing 81-minute phone calls. 64-minute phone calls. 18-minute phone calls. Call after call after call after call…

      Like I said, I’ve never heard of you. You’ve never heard of me. But this site has my “real” email address and I double dog dare you to get in touch with me and we’ll see just exactly how much this situation was my fault. Answer: it wasn’t. I trusted my bank. I’m not going to apologize for trusting my bank. I’d bought three homes with them over 17 years. I acted in good faith throughout. I made many attempts to bring my loan back to good standing. I did damn near everything short of suicide and, believe me, I even thought about that. Frankly, I think that was part of their plan.

      All you out there in foreclosure land. Don’t be dissuaded by people like this guy. He doesn’t get it. He doesn’t understand that if your bank isn’t acting in good faith there’s not a thing you can do about it. You’ve got to question EVERYTHING. You’ve got to look at all the documents. You’ve got to look at all the dates. You’ve got to google all the signors to find out who signed.

      You’ve got to fight.

      • lizinsarasota says:

        I must say, that photo of the little kid giving the finger to whoever is highly inappropriate for such a measured, mature, and wise group of bloggers such as ourselves.
        I vote we get a better, more dignified photograph to better represent us.

    • Bobbi Swann says:

      I am LMAO! You go girl, Liz in Sarasota!!!! Let us all know if he does call you!

  2. Beth A. says:

    You know…it just aggravates the crap out of me when an idiot comes along and has to PROVE he’s an idiot in written or verbal form vs. just keeping it to himself.

    Why on Earth would someone who is so ill-informed otherwise spout off on topics about which he knows absolutely nothing?

    Geez, Ackerman – Are you being used by some policitians/banksters to put this tripe out in print or are you really just this ignorant?! I’m seriously wanting to give you the benefit of the doubt here: You are either a hapless/hopeless idiot OR you are working with the evil ones.

    Think about this stuff BEFORE you put it in print. Make sure you understand the issues and if you can’t take the time or you just aren’t getting it – then for goodness sakes, just shut the Hell up. Please.

  3. Readdocs says:

    It is a good idea to make sure you know what you’re talking
    about to avoid making a fool of yourself in public.
    It would great if he would include some details in this
    accusation so the public would know what kind of leverage
    the borrowers have to leverage lenders.

  4. housemanrob says:

    RICKY IS ON THE BANKSTER PAYROLE……OR IS JUST SO TOTALLY IGNORANT……OR JUST PLAIN STUPID WITHOUT A CLUE. I THINK THE FORMER IS TRUE. THE BANKSTERS JUST KEEP ROLLING OUT THEIR PROCESSION OF LOSERS……TO BE — USED UP AND DISCARDED ISSUE TO ISSUE…….LIKE PAYING DRUG MULES…… TO TAKE THE REAL HEAT!

  5. talktotennessee says:

    “the time has come for the bankers to shoulder their fair share of the housing bust”
    The only relevant statement made is the one he made above. It is beyond time. Often more time, money and energy is expended by the banks in trying to evade responsibility. The banks now need to step up, reduce principal and begin to help those that were taken advantage of by inflated bad loans that people failed to understand.
    I once talked to a man who wanted an appraisal because his mortgage broker told him he had to do something because his ARM was resetting. He was afraid his notes were going up. It was at a time when rates were dropping and he had nothing to fear except a mortgage broker who needed another ‘fix’ to generate more income. There was no way the man was going to avoid paying more because he was refinancing more and rolling expenses back into the loan and yes he was buying into another ARM. Ignorance? Yes, but you can’t expect the public to know much about Credit Derivatives or ARMS or Indexes, interest only, etc. What people know is whether the are going to “trust” of their buddy who is ‘helping’ them get a loan.

  6. lvent says:

    WOW REALLY?????????? MAINSTREET KNEW ABOUT THIS HITLER PLAN BY THE RULING ELITE????? THE TBTF AND ALL OF THEIR MINIONS AND COHORTS WERE THE ONLY SINNERS IN THIS MASSIVE PONZI SCHEME SWINDLE AND HEIST…. BORROWERS NEVER HAD A CLUE THEY WERE INTENTIONALLY BEING SET UP TO FAIL AND RANG UP FOR 40 TRILLION IN FRAUDULENTLY INDUCED DEBT BACKED BY ZERO……..MULTIPLE PLEDGES OF NOTES UP TO TEN MORTGAGES ON ONE HOME..TRILLIONS IN FRAUD, TRILLIONS IN USUSTAINABLE DEBT…IF THE BORROWERS KNEW ALL OF THIS NONE OF US WOULD HAVE AGREED TO IT UNLESS WE HAD INSURANCE TO PROTECT OURSELVES……THE BORROWERS SHOULD HAVE BEEN ABLE TO BUY INSURANCE TO PROTECT THEMSELVES FROM THIS MASSIVE MORTGAGE FRAUD PONZI SCHEME…..AND THEN THESE CROOKS NEVER WOULD HAVE DONE IT……..THE BORROWERS WERE THE ONLY PART OF THIS SCAM WHO WERE NOT PROTECTED AND DID NOT KNOW WHAT THESE CROOKS WERE UP TO WITH THIS HITLER PLAN…..EVEN HAVING A LAWYER AT THE CLOSING WOULD NOT HAVE HELPED BECA– USE THE LAWYERS WERE IN ON THE MORTGAGE FRAUD TOO AND I HAVE PROOF……………………….STOP THE LIES!!!!!!!!!!!!!!!!!!!!!!!!! THE HOMEOWNERS WERE SWINDLED HORRIBLY AND WE HAD NO IDEA THE RISKS WE WERE TAKING…….AND THAT WAS INTENTIONAL……..RESCIND!!!!!!!!!!!!!!!!!!!!!!!!!!.

    • Bobbi Swann says:

      Who is this guy other than a blogger on a website???

      • lvent says:

        The crooks are trying to cause confusion and blame the victim again to turn us against each other….Foreclosuregate is failing and the people are waking up to the fact the ruling elite are trying to steal our country……..They are placing many plants everywhere to try and cover up these massive crimes….this is Hitler Plan…….by the ruling elite..Everywhere I go more and more people are talking about the MASSIVE MORTGAGE FRAUD BY WALL STREET and MAINSTREET is as mad as HELL.!!!.

      • Nora says:

        You got that right, buddy. Mainstreet is about to kick some CORPORATE ASS! I’m filing the points on my pitchfork, and I just bought two nice pieces of manilla rope, enough to easily hang a 6 ft tall lying, bankster. I warned my Senator and Representative that they need to start looking for a new job, and Sam Olens, you are next. You better do your job. I want to see some investigations result in criminal charges, like you said while you were campaigning. Otherwise, you are just another politician who sold us out after he got elected.

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