Dylan Ratigan, Lisa Epstein & William Black Discuss Malicious Bankers w/ Syphillis (VIDEO)

The fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Chairman Bernanke, and the bankers’ trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce. The FASB’s new rules allowed the banks (and the Fed, which has taken over a trillion dollars in toxic mortgages as wholly inadequate collateral) to refuse to recognize hundreds of billions of dollars of losses. This accounting scam produces enormous fictional “income” and “capital” at the banks. The fictional income produces real bonuses to the CEOs that make them even wealthier. The fictional bank capital allows the regulators to evade their statutory duties under the Prompt Corrective Action (PCA) law to close the insolvent and failing banks.

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4closureFraud.org

Comments
19 Responses to “Dylan Ratigan, Lisa Epstein & William Black Discuss Malicious Bankers w/ Syphillis (VIDEO)”
  1. Javagold says:

    why is this being posted now ??? (just wondering am i missing something)

  2. readdocs says:

    To know the origins of the theft happening now and in the past 20 years you need to locate and
    expose the people who planted the original bad seeds that first led to the S&L scandal of the 1980s.
    ALL of them, and then after exposure, educate everyone on the current situation.
    Stop using the financial groups who are perpetuating the crimes till ongoing. Vote with your
    voices and your wallets.

  3. Stupendous Man - Defender of Liberty, Foe of Tyranny says:

    Since this first aired in the fall of 2010 our government has been even more effective in selling out the citizens.

  4. chunga says:

    Will anyone please explain why these investors are entitled to remain anonymous in foreclosure complaints?

    Isn’t it very odd that servicers routinely cite confidentiality agreements between said investors in discovery?

    When pressed in court with a Motion to Compel they typically respond with a Motion for Protective Order.

    Why hide if there is no need? Since they do it practically all the time; there must be a need.

    So, what is it?

    I’ll take a stab at answering my own question.

    Because, you know what? Many of these trusts have triggered CDS pursuant to the PSAs that govern them and they no longer exist.

    The investors got paid by an insurance company that got bailed out and can’t, coincidentally, account for vast chunks of their bailout money.

    The remainder of the loans in the trusts that no longer exist and have been extinguished in SEC filings (that’s what they are hiding) continue to be collected by Mr. Servicer Man.

    Mr. Servicer Man is not owed that money but continues to collect payments none the less.

    If the savvy anonymous investors beat too hard on the servicers, the servicers will remind them that the collateral obligations were not placed in the trusts within the REMIC tax window making them guilty of tax fraud on a wide scale.

    That, in addition to the fact they have been already been made whole (and sometimes way more that whole) by their incestuous bailed out insurance cronies makes for a very deep rabbit hole.

    • Attorney Wendy Alison Nora says:

      The investors have not come forward en masse, as one would have expected.
      Attorney Talcott Franklin describes the position of the investors with great insight here:
      http://mandelman.ml-implode.com/2011/11/the-world-of-the-investor-with-attorney-talcott-franklin-a-mandelman-matters-podcast/
      Many of us believe that the trusts are empty of validly transferred assets. In my next set of discovery, I will ask for an accounting of payments to the investors. I suspect that, to the extent that payments are being made, the payments are in the form of credit to the investors accounts are most likely being automatically generated by funds borrowed at the Federal Reserve Discount window OR by circulating the “missing” original mortgage notes as currency in international banking, by endless sales. I also believe that the servicers are taking the proceeds from foreclosure sales and not paying the funds over to the investors. This is a “smoke and mirrors” process and the endgame is foreclosure. The only “real” asset is the hard asset of the home and the land. Protective orders? When a party appears as representing “Certificate Holders” (properly, holders of certificates of beneficial interest in the trust) those interests must be disclosed.
      This debacle is full-time employment for every unemployed recent law school graduate and accountant willing to work on contingency and for payment upon recovery, respectively.

      • chunga says:

        Thanks for the link. I just made a reply there that is too big (long-winded) to fit here. Martin is great and so is Talcott.

        This IS the perfect crime.

  5. Igor says:

    Mr. Black is OMITTING the MULCH-PLEDGING COUNTERFEIT LOANS. He says LIARS LOANS and discusses misrepresentations of income, etc. These liars loans were said to be about 40 BILLION at the hearings on the bailout. It was recently stated that the TOTAL amount of mortgage loans sold off to the trusts was 87 BILLION. SO, it follows that the COUNTERFEIT MULTI-PLEDGED LOANS ACCOUNT for the difference in the 87 BILLION and the 7 TRILLION in reported BAD MORTGAGES. I SMELL A COVER UP! Its not about ‘LIARS LOANS’ in the way Mr. Black keeps repeating and repeating and repeating!!

    • Igor says:

      Mr. Black is CONSPICUOUSLY OMITTING the MULTI-PLEDGING COUNTERFEIT LOANS! Which accounted for 7 TRILLION sold off to trusts, minus the 87 BILLION of ALL MORTGAGES SOLD OFF TO TRUSTS! SO that about 6+ TRILLION DOLLARS IN COUNTERFEIT MULTI-PLEDGED MORTGAGES!! Talk about LOAN BROKER/ORIGINATION FRAUD!

      • Attorney Wendy Alison Nora says:

        I also have been troubled by the repetitious references to liars loans as the cause of the collapse of the fraudulent mortgage market. I note the date of this original interview. Still, he has been saying the same thing through the Occupy Wall Street movement last fall (2011.) Prof. Black needs to start focusing on the empty REMIC trusts, which is the actual the cause of the ongoing crash of sovereign nation’s economies.

      • Igor says:

        I notice no one is talking or responding to these postings on multi-pledged/counterfeit loans? Ali?

  6. Rob Harrington says:

    Bankers with Syphilis! OUTSTANDING! This is something the typical American can finally understand about fraudclosure. WELL DONE LISA E!!

  7. Lisa,
    Whay can I do to help??

  8. tee says:

    awesome video……..Boy William Black sure has the facts and the communication skills to display the facts in a point blank and powerful way. Lisa, your fight is so much appreciated and it gives us as people that are in or scheduled to be in foreclosure great information and hope enough to allow us to sleep some at night . Thank you !!

  9. j Alonzo says:

    Lisa you are a true patriot. Keep giving those banks hell. We the people are with you. The Sheeple that want to keep their eyes shut and have their civil rights raped & pillage will hopefully realize this one day.

  10. lvent says:

    Thank you Lisa..! You are a true American Hero and Patriot..! This was no less than a well planned attempt to steal our wealth and National Sovereignty by the greedy elite…There is no other logical explanation for how all entities were engaged in this fraud..The true culprits here are the traitor politicians who allowed this and are continuing to allow this..I agree with Lisa, stop the fraudclosures…!

    • Attorney Wendy Alison Nora says:

      Ivent,
      My research suggest no other explanation, but we must include the collapse of the European Union as part of the plan being executed.

      • lvent says:

        @Attorney Wendy Alison Nora, The robbery of all nations by the elite is certainly ongoing and deliberate. If their evil plans do come to pass and they bankrupt the world economy all of the World Bank currencies will collapse. Their fraudulent fix for that will be an attempt to usher in their b.s. one world currency and Govt. The American people really need to wake up and begin to unify against all of this fraud or our U.S. CONSTITUTION, our BILL OF RIGHTS and our freedom and National Sovereignty will be lost to the biggest fraud in history..

  11. woodknotgo says:

    WoW Lisa ! ((((((((((applause)))))))

  12. Peter Everts says:

    Capital punishment???

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