They will never admit their wrong doings. There are so many players in this. Even the title companies turned a blind eye to the fraud. They were all committing fraud or aiding and abetting it. They politicians are filthy too.. All fingers point to the head of the snake, it started with some treasonists in Congress who devised this scheme in the backrooms and then Fannie Mae instituted the plan from start to finish, their fingerprints are indullible all over this in this. .They bought everyone including the ratings agencies, federal regulators. title companies, the underwriters of the shit loans. Fannie Mae wore many disguises in this PONZI SCHEME. There could be no other possible explanation for how they pulled this off. Gretchen Morgensen was on Elliot Spitzer the other night, she wrote a new book about Fannie Mae’s financial crimes of the century and named names. One finger points and accuses and the accused points right back. That is why no big fish have gone to jail for these crimes. When everyone is guilty no one is guilty. That is what is so diabolical about this. They used Madoff as a distraction, he is small in the big scheme of things.

She quit right after that and her co anchor Mark suddenly died the other day. I read E.B. is a member of the trilateral commiss and used to work for CITI before she came to CNBC. I like Mark, He was honest. He pulled no punches with the CEO’s and the politicians. If they were lying he told them they were liars. He called them out and never hid his disgust for the fraudsters. I often wondered why they did not can him. He also spoke out about the bailouts and said the banksters cheated the taxpayers on the bailouts when they paid themselves big bonuses. That is probably why he is dead, too honest.. Remember Tim Russert died suddenly of a heart attack not long after he asked Bush and Kerry about their skull and bones days. They people hiding behind this are evil incarnate.

No remember, they should be bulldozed….LOL

I haven’t seen Erin Burnett since she made that comment.

The incompetence of the banks and their foreclosing agents are also blighting these titles after the foreclosure. Since the banks will only give a special warranty deed many of the same banks do not want to secure a mortgage against the diminished warranty in such title. Further, many of the properties owned by the banks after foreclosure are attracting various municipal liens and fines. At least under Florida law such a lien will attach to all the banks property (personal and real) and no property they have for sale should be sold without full disclosure and discharge of the lien. However the banks appear to be reluctant to manage the discharge of the liens and do not appear to be disclosing these liens. There may well be a serious fraud going on here on lien holders (municipalities), innocent buyers and title insurance companies. I cannot understand why the AGs, Insurance Commissioners, OCC, Feds and Financial services commissioners do not insist on total transparency from the national banks so that this multilevel debacle can be resolved without sending ripples through the market which will take years and put the cost back on the tax payers at state and federal level. The cost of doing business properly and legally should not be subsidized by the taxpayer.

Yes, people are catching on, everyone but Sarah Palin. She should have known better.