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Gretchen Morgenson and Joshua Rosner, authors of Reckless Endangerment, explain the corrupt culture behind the housing crisis.
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Opinion Journal: Making a Mortgage Disaster with Gretchen Morgenson and Joshua Rosner VIDEO
Gretchen Morgenson and Joshua Rosner, authors of Reckless Endangerment, explain the corrupt culture behind the housing crisis.
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It was all Fannie and Freddie. They assumed many identities to commit the biggest Ponzi Scheme Swindle and Heist in history. Their crimes started even before the loan was approved through the Origination Fraud and the Fraudclosures. Fannie and Freddie’s fingerprints are everywhere. Jim Johnson the CFO of Fannie Mae is still on the board of Goldman and that is the most telling reason why there have been no prosecutions of these financial terrorists. Who was the biggest contributer to the Obama election campaign? SMOM/VATICAN/JESUIT OWNED GOLDMAN SACHS. Time to kick the FOREIGN MULTINATIONAL HOUSING INDUSTRIAL COMPLEX OUT OF AMERICA. OUR HOMES ARE PAID FOR FREE AND CLEAR BECA– USE OF THIER FOREIGN PONZI SCHEME. THEY MADE HUNDREDS OF TRILLIONS OFF OF THE BACKS OF THE HARD WORKING AMERICAN PEOPLE. THIS IS ALL ABOUT GREED AND WORLD DOMINATION BY THE RULING ELITE. THEY MAY HAVE HIJACKED AMERICA, BY MASSIVE AND PERNICIOUS DECEPTION, BUT THEY DO NOT OWN AMERICA. NONE OF THEM ARE OR EVER WERE AMERICAN INSTITUTIONS, THOUGH THEY FALSELY REPRESENTED WHO THEY WERE TO THE AMERICAN PEOPLE AT THE CLOSING TABLE AND IN THE MASSIVE TAX-PAYER FUNDED BAILOUTS AS WELL AS THE FEDERAL RESERVE AND THEY WORK FOR THE U.S. TREASURY AS WELL.. CONGRESS SUCKS AS WELL AS BOTH POLITICAL PARTIES, THEY ARE ALL COMPLETELY CORRUPTED AND — USELESS TOOLS. BEWARE OF THE WORD’S GSE’s AND TOO BIG TO FAIL, FROM HERE ON IN, THEY REALLY MEAN FOREIGN OWNED AND OPERATED FOREIGN MULTINATIONAL INSTITUTIONS POSING AS AMERICAN INSTITUTIONS WHO HATE OUR FREEDOM, OUR U.S. CONSTITUTION AND OUR U.S BILL OF RIGHTS AS WELL AS OUR NATIONAL SOVERIEGNTY. THEY WEAR AND AMERICAN FACADE, THE ARE NOT AMERICAN. THEY ARE A FOREIGN MULTINATIONAL FASCIST TYRANNY. Please watch the latese Keiser report where Max and Stacey talk about the so called Too Big to Fail and how they are no more than FOREIGN FINANCIAL TERRORISTS who are being allowed to hold America hostage with their debt creating weapons of mass financial destruction: http://maxkeiser.com/
Mortgenson’s two articles on banks encroaching on the preogatives of the courts by violating bankruptcy Agreements( voiding the protection intended to aid people getting back on their feet financially) are worth reading. See the NYT Sunday business sections, the Sunday before Easter and May 16. If you’re in, or considering bankrutcy, they’re well worth reading. Homeowners are being put into Loss Mitigation as soon as their bankruptcy is discharged. Statistics are being collected on how often this happens, and also the banks’ accounting errors due to misrepresenting Making Homes Affordable date to the court. (People have paid more than the banks state.) It could turn out to be the new trend, replacing robo-sgning!