ivent,
Dead on.
9/11 and the economic crisis are tied together at the waist.
They were planed and executed by the same group of people.
This group of people control both major parties via the money they stole from us.
The ignorance and apathy of the American people allowed us to arrive at where we are.
We are living in governmental anarchy. Where the duties, and the checks and balances of government are sidestepped and ignored.
Police will not investigate improper actions of the banks, regarding innocent homeowners, whose possessions have been seized and removed from homes with no mortgage by subcontractors.
The courts and prosecutors are mainly turning a blind eye to the felony criminal acts of document mills, robo signers, false documents presented by foreclosure mill attorneys, notary fraud, and ignoring the civil rules of procedure in Lee County FL and other courts in Fl, and around the country. Our elected leaders have sold out the interest of the American people for decades. Open door to China by Nixon, formation of OPEC by Kissinger , NAFTA by Clinton, two wars based on lies by Bush, Obama starting another war, for banksters in Libya because they would only accept euros for oil, just like Saddam tried to pull. Well this country will go to war, and murder people to protect American currency. Don’t worry about Americas ability to borrow. T bills rate are dropping and will remain low, because we have the strongest, safest, most secure, backed up by nothing, fiat currency in the world.
It is also backed up with the US Navy who is larger than the next 17 largest navies of the world combined. So yes, everyone will accept US currency, for now.
There will come a time to act. Gather, and record evidence of these traitors, within our government, and when the American peoples interest is finally focused on the false flag attack of 9/11, “most people cannot accept that our government was involved” and the manufactured economic crisis “most people cannot accept the fact that the banks control our government” then the NeoCon/Zionist element within our government will be exposed, and eliminated.
I am in complete agreement John.. The truth is really coming to light about 9/11 and the intentional financial crisis and Foreclosuregate is the cover up for the biggest crime spree against the American people and freedom and our U.S. CONSTITUTION in history.. All of the devils are being exposed. Now We The People have to do something about this tyrannical, maniacal , diabolical dictatorship…..There is not much time. The New World Order power structure is in place and they are poised for battle.
lvent
August 7, 2011 at 2:18 PM
There are more of us and we have more guns.
John Anderson
August 7, 2011 at 4:37 PM
Violent revolution, is what they want. They goad the public, with acts of stupidity. They want acts of terror. Violence gives them more power, and may result in temporary suspension of constitutional rights.
Why would local government, be buying armored vehicles, when they claim their broke?
The elite just wants us ” American people” divided. But they do have a backup plan if we unite to get rid of DC rule, or the FED, or other sacred cows. They will have operatives posing as violent protesters killing police officers and innocent citizens.
Then after TSHTF, they will back a faction of their creation, backed by the mass media,, that will take power, claiming victory, and starting a new government free of the outdated constitution, and laws, and once again continue to control our government.
87% of people disapprove of congress’s actions. Hope for a bloodless revolution as in Russia.
Study Gandhi.
lvent
August 7, 2011 at 5:26 PM
John, The guns are just our protection against FORCED CONFORMITY BY A GOVERNMENT THAT IS TREASONIST AND ACTING AS TYRANNY AND OPPRESSING IT’S OWN PEOPLE……THE REAL BOMBSHELL IS UNCOVERING ALL OF THEIR BIG LIES, THAT IS WHAT THEY FEAR…… 97% of the debt in AMERICA IS UNSECURED…………..THAT IS WHAT THEY DON’T WANT THE PEOPLE TO KNOW…………..THEY ARE TURNING US INTO A NATION OF PROSTITUTES……………………….WE THE PEOPLE MUST STOP PAYING THESE UNSECURED DEBTS, EVEN THE COLLEGE LOANS ARE UNSECURED DEBTS…THAT IS THEIR DIRTY LITTLE SECRET OF ENSLAVEMENT……..WE THE PEOPLE MUST STOP PAYING THE TYRANNY AND USING THEIR BANKS AND CREDIT………………..THEY ARE USING NAZI TACTICS TO ENSLAVE US BY USING THE BIG LIE THEY WILL TAKE YOUR HOME……….F—K THEM…NO THEY CANNOT TAKE YOUR HOME FOR AN UNSECURED DEBT…THAT IS ILLEGAL………………….WE THE PEOPLE MUST STOP BELIEVING THEIR LIES AND CONFORMING TO THEIR FASCIST TYRANNY……….DO NOT RE-ESTABLISH ANY OLD DEBTS, DO NOT CREATE ANY NEW DEBTS……………………..SEE THE ARTICLE FROM THE HUFFINGTON POST ENTITLED; Seeking Arrangement”College Students Using “Sugar Daddies” to Pay off Loan Debt…………….This is an outrage and a disgrace!!!!!!!!!!!!!!!!!!!!!
John, if they did not fear our right to keep and bear arms, our second amendment right, than why are they working so hard to take our guns away? They are turning our kids into prostitutes to pay and UNSECURED COLLEGE DEBT BECA– USE THESE GLOBALIST PIGS SENT ALL OF OUR JOBS OVERSEAS WITH NAFTA………WE THE PEOPLE MUST EXPOSE THE LIES, AND ROUT THESE BASTARDS OUT AND STOP PAYING AND SUPPORTING THIS TYRANNY…………………THESE NAZIS ARE USING UNSECURED DEBT AS A SCARE TACTIC TO ENSLAVE US………………..THIS IS NO LONGER ABOUT MORAL OBLIGATIONS, THIS IS ABOUT OUR SURVIVAL AS A FREE AND SOVEREIGN NATION. WE THE PEOPLE MUST STOP THE DEBT ENSLAVEMENT BY THE UN/NEW WORLD ORDER……………IT IS AN ILLEGAL AND IMMORAL FASCIST TYRANNY!!!!!!!!!!!!!!!!!!!!!! IT IS A DICTATORSIP, NOT A DEMOCRACY……..
lvent
August 7, 2011 at 5:46 PM
I fully intend to defend my rights John. That is why we have a Second Amendment right to keep and bear arms..That is why the forefathers gave us that right to protect us from a Government that has become treasonist and is ACTING LIKE A tyranny AND oppressing its own people….They broke the social contract VERY DECEPTIVELY..THEY ARE TREASONIST TRAITORS…
lvent
August 7, 2011 at 5:46 PM
GIVE ME LIBERTY OR GIVE ME DEATH….
John Anderson
August 7, 2011 at 7:14 PM
Of subject, and I know its a serious subject, but I gotta say when you posted,
“SEE THE ARTICLE FROM THE HUFFINGTON POST ENTITLED; Seeking Arrangement”College Students Using “Sugar Daddies” to Pay off Loan Debt…………….This is an outrage and a disgrace!!!!!!!!!!!!!!!!!!!!! ”
The first thing that ran across my mind, was the image of comedian Andrew Clay Silverstein , AKA, Andrew ” Dice ” Clay delivering his most famous line;
LITTLE BOY BLUE. HE NEEDED THE MONEY! WHOA!
A laugh is needed at times.
lvent
August 7, 2011 at 7:37 PM
“If you wanna be starting somethin’ you gotta be startin’ somethin'” Wise words from a Michael Jackson song…If you can’t feed your baby, than don’t have a baby…Come on people,. If there are no good paying jobs after college, than why even go to a big name college and create massive debt for yourself.. Go to community college for pre reqs and business…Michael Jackson knew what they were up to…Go watch you videos pertaining to Michael Jackson and the Illuminati…Michael was brilliant….Remember his song, “They don’t care about us” Spot on…Feed the World, make it a better place……the elite bastards hate that. That kind of good will towards man is all poison to their evil plans…..Share and spread the truth…97% of the debt in America is not only UNSECURE BUT, UNSUSTAINABLE……STOP PAYING THE BASTARDS. There is a way to stop their weapons of financial tyranny and mass destruction…Don’t aid and abet them. Stop believing their lies America…….These financial terrorists on WAll Street and at the Federal Reserve are holding the AMERICAN PEOPLE HOSTAGE WITH UNSUSTAINABLE DEBT and CONGRESS IS AIDING AND ABETTING THESE FINANCIAL TERRORISTS…………….
I’m working on a book that, in part, explains all this. Part of my theory is that the bankers make this stuff a lot more confusing than it is.
Here’s a short summary (note; lots of this didn’t happen, and may not even be legal, but here’s how they say it was supposed to happen):
* Mortgages are put into big pools and sold to investors
* Those pools were sliced into three big groups, and often into littler one’s
* The less risky and most risky groups were easy to sell, because the former were less risk (*cough*) and the latter had high returns
* The middle were re-pooled with lots of other middle-risk groups and turned into three new groups
* The problem is that, obviously, the formerly medium-risk mortgages couldn’t be transformed into low-risk one’s; it was like a shell game
* The reason they did this is that many pension funds, charity trusts, etc.. can only buy low-risk (AAA) investments, so they needed to make more of them.
OK .. maybe it’s not that simple, especially because I skipped the entire CDS part, but that’s the gist of what’s going on.
How’s it affect homeowners? They paid higher prices for homes and were caught in the middle of a giant fraud machine. It affects foreclosures because the re-shuffling makes it that much harder to find who actually funded your loan, who actually has the right to approve a modification, and who may have collected post-default and is trying for a windfall second recovery in foreclosure court.
Thank you for adding this analysis (and informed intuitive feel) on the subject.
There may be a hopeful side perhaps, at least in concept … it might be harder for foreclosing plaintiffs to show that have the very rights asserted – as a paraphrase of some crucial data issues in your closing sentences above.
Do you think this is too optimistic a “guess” in homeowner favor? And on a comes-around-goes-around model.
I ask ‘cuz even if the sword cuts both ways, I’m not sure we’re there yet for unfortunate-defendant relief.
So bring forth more of your writings please in any and all media, formats, and venues. Do you think the above is too optimistic a “guess” on the homeowner side?
And if we are to arrive at this balance point, when and how? (Resources on homeowner side being dwarfed or even nullified and the other side being so, well, rich).
This is the ‘party line’. The issue of multiple pledged loans is where the fraud ‘lies’. Subprime loans were not the cause of this. Subprime loans accounted for 40 billion dollars according to a US Senate hearing. The fraud is in ID theft/mortgage fraud on an ‘institutionalized’ scale, robo-LOANS..
Michael, They are still being RE-POOLED….. Bloomberg reported a couple of weeks ago that the Federal Reserve collects trillions in mortgages and they use that money to buy Treasuries.
They are still doing a PONZI SCHEME with the same OLD MORTGAGE CRAP and that is why there is ECONOMIC STAGFLATION……………THEY ARE CREATING NO NEW WEALTH, THEY ARE JUST RECYCLING AND RE-SELLING OLD DEBT………..PEOPLE PAYING THEIR MORTGAGES DO NOT REALIZE THEY ARE HELPING THE FINANCIAL TERRORISTS TO FURTHER DESTROY THE ECONOMY….PEOPLE PAYING THEIR MORTGAGE ARE AIDING THEIR OWN DEMISE…..
lvent
August 7, 2011 at 2:16 PM
SEE THE MAX KEISER VIDEO FOR AN EXPLANATION:
Keiser Report:Bank of America Sucks & Blows (E 107)
Michael
August 8, 2011 at 5:00 AM
Yep .. they’re still being re-pooled. They even pool, securitize, and sell deficiency judgments — the judgement between the value of the note and the value the home “sold” for, sold being a questionable word when half the “sales” are for $100 with only the servicer bidding. They’ll pool, slice, dice, and resell anything. Then, when the people don’t pay they collect a few times over from insurance they sold to one another — that’s paid out by the US government — and then they do it all again.
The key is to remember that they try to make it all look more complex than it is. It isn’t really that complicated, but if people think that it is then they’re less likely to understand it and if they’re less likely to understand it they’re less likely to become angry. Because anybody that understands what happened is livid.
Possibly some of the the loans that are now being held as unenforceable, were designed by the thugs within the loan industry to allow them to have their fraudulent shadow loans nullified. Thus, unless they are found out to have been intentionally set up to not have to pay them back if the loans were ever discovered, they would have a well contrived loophole to avoid re payment and prosecution. Unless they were discovered to have planned the whole thing. Just thinking out loud.
Thus, possibly, individuals within the loan industry, and loan officers, loan guarantee officers, attorneys in high places connected to judicial process, etc, where mortgage industry insiders, possibly within govt agencies involved in mortgage lending, seeing what was going on, and being highly knowledgeable in the area of ID theft and financial fraud prevention,thus understanding the complex nature of what was going on, decided to ‘go into business for themselves’, creating a racket that conceivably permeate every crack within the judicial system, whereby they are ‘protected’ by virtue of those who are co-racketeers. If a person stumbles upon some aspect of this racket, he/she quickly is at best discredited. IMHO. Just thinking out loud.
eif
August 6, 2011 at 11:56 PM
Very interesting and would like to read more about this theory. Am wondering, who is it that gets discredited? And what happens when a foreclosure suit is filed against the borrower?
P.S. Who is the stumbler in your hypothetical – the borrower? Someone else? Or anyone else? Not sure how the insiders fare here or the homeowners. Appreciate more detail please,
THEY ARE ALL UNSECURED DEBTS, INCLUDING THE COLLEGE LOANS AND HAVE BEEN SINCE ORIGINATION……THEY CAN NEVER TRULY BE ENFORCED AS A SECURED DEBT..MAINLY BECA– USE OF THE FRAUD THEY COMMITTED AT ORIGINATION…THERE IS NO FIX FOR FRAUD…..AND NO SECURED COLLATERAL LIENS……..97% OF THE DEBT IN AMERICA IS UNSECURED AND THAT IS THEIR DIRTY LITTLE SECRET THEY ARE USING TO ENSLAVE US……………………………
I vote collusion..and collusion in the coverup, A/K/A is Foreclosuregate….Time the American people demand the DOJ and the U.S. STATES ATTORNEY’s OFFICE begin opening up some REAL criminal investigations into this massive crime spree..The State AG’s offices already have proof of foreclosurefraud fraud as well as the County Sheriffs. The county recorder’s offices are major crime scenes and have actual documents that show proof of the massive mortgage fraud………. 9/11 and this Ponzi Scheme are the biggest crimes and cover-ups of crimes committed against the American people in history……Cuff ’em….Standard and Poor’s who downgraded our credit yesterday were also in on the Ponzi Scheme…….They rated the shit AAA, CUFF THEM TOO.
eif
August 7, 2011 at 12:00 AM
Greetings and let us know if you do hear of cuffings!
And homeowner justice tied in.
Regards from elders.in.foreclosure@tgmail.com
They commited massive mortgage fraud so they and their minions could sell and gamble off of all of our signatures up on Wall Street… and they made hundreds of trillions on that gamble in their WALL STREET CASINO. THE GAMBLE, THE BET, was our ability to pay the mortgage or not pay the mortgage which they sold and speculated on in various forms like COLLATERALIZED DEBT OBLIGATIONS and other exotic concoctions A/K/A MORTGAGE DERVIATIVE,. and they insured themselves on the risk they created, which wasour ultimate failure that they INTENTIONALLY CREATED , with CREDIT DEFAULT SWAP INSURANCE..AND THEY GOT BAILED OUT BY ALL OF US, THE PEOPLE. THE VERY PEOPLE THESE VERY CRIMINALS SET UP TO FAIL AND ROBBED WHEN THEY INTENTIONALLY CRASHED THE STOCK MARKET, SEE YOU TUBE VIDEO, CNBC ILLUMINATI CRASHES STOCK MARDET…… It was the biggest mortgage fraud Ponzi Scheme Swindle and Heist in history and Foreclosuregate and 9/11 was and is the ATTEMPT to COVER-UP for what the RULING GLOBAL ELITE were doing and what they did.
THE INTENTIONAL DESTRUCTION OF ALL OF THE ORIGINAL MORTGAGES AND NOTES WAS THE ORIGINATION FRAUD AND THE COVER-UP FOR THE FACT THAT THEY _NEVER_ OWNED OUR LOANS…….ALL THEY NEEDED WAS OUR SIGNATURE AS COLLATERAL TO GENERATE A PAID DEED CONVEYED TO US AND A BOND AND A TREASURY, BACKED BY THE DEBT THEY CREATED… OUR SIGNATURE WAS THE COLLATERAL (GAMBLING TOOL) FOR THEIR PONZI SCHEME…THEY BUILT A HO– USE OF CARDS, A HOUSING BUBBLE AND THEY KNEW IT WOULD FAIL…….THEY CREATED LIARS LOANS TO KEEP THE PONZI SCHEME ROLLING AND KEPT INFLATING THE BUBBLE..UNTIL THE DEFAULTS STARTED..THEN THE INSIDER TRADING COLLAPSED THE MARKET AND THEY ROBBED EVERYTHING NOT NAILED DOWN, 401 K, PENSION MONEY, ALL OF OUR INVESTMENTS WENT INTO THEIR OVERSEAS BANKSTER ACCOUNTS…..THEN THE THREAT, WE ARE TBTF AND WE BAILED OUT THE CROOKS AND THEY THREW US UNDER THE BUS….. BECA– USE OF THAT OUR HOMES ARE PAID FOR FREE AND CLEAR..
Tee
August 7, 2011 at 9:24 AM
Amen….Amen…Amen…… You know what really PMO besides all the Ugly Bank stuff they have done. What tiks me off is how they all hide….they don’t sign their names to anything because they know they are treding in dangerous water yet…they are still sucking every dollar up that they possibly can while hiding. They are like the bad guys who find the treasure in a cave that is in collapse and they elect to stay with the treasure rather than run to safety. GREED, Every correspondence I have had w my Big Bank yeilds no signature. People who make decisions hide behind the “front line” idiots who are trained to say ” Im sorry but I cant help you” or “Im sorry sir but there is nothing I can do” whose job is to get rid of the customer.
After this nightmare is over for me, I may expand on an idea that I had….. What if you could post online the exact towns and addresses of all those big foreclosure players and such????? I can see it now…a Website that welcomes disgruntal employees or employees who couldnt be a part of it anymore…get the real dirt…. I DONT KNOW ABOUT OTHERS BUT I AM SO ANGRY…..I WOULD JUST LOVE KNOWING THAT A FEW OF THOSE B’s WERE LOSING SLEEP TOO !!! But……a website like that would be shut down as fast as it went up because it would be violating the rights of the people who are bringing down America and Banks who robbed its own government and its people.
ivent,
Dead on.
9/11 and the economic crisis are tied together at the waist.
They were planed and executed by the same group of people.
This group of people control both major parties via the money they stole from us.
The ignorance and apathy of the American people allowed us to arrive at where we are.
We are living in governmental anarchy. Where the duties, and the checks and balances of government are sidestepped and ignored.
Police will not investigate improper actions of the banks, regarding innocent homeowners, whose possessions have been seized and removed from homes with no mortgage by subcontractors.
The courts and prosecutors are mainly turning a blind eye to the felony criminal acts of document mills, robo signers, false documents presented by foreclosure mill attorneys, notary fraud, and ignoring the civil rules of procedure in Lee County FL and other courts in Fl, and around the country. Our elected leaders have sold out the interest of the American people for decades. Open door to China by Nixon, formation of OPEC by Kissinger , NAFTA by Clinton, two wars based on lies by Bush, Obama starting another war, for banksters in Libya because they would only accept euros for oil, just like Saddam tried to pull. Well this country will go to war, and murder people to protect American currency. Don’t worry about Americas ability to borrow. T bills rate are dropping and will remain low, because we have the strongest, safest, most secure, backed up by nothing, fiat currency in the world.
It is also backed up with the US Navy who is larger than the next 17 largest navies of the world combined. So yes, everyone will accept US currency, for now.
There will come a time to act. Gather, and record evidence of these traitors, within our government, and when the American peoples interest is finally focused on the false flag attack of 9/11, “most people cannot accept that our government was involved” and the manufactured economic crisis “most people cannot accept the fact that the banks control our government” then the NeoCon/Zionist element within our government will be exposed, and eliminated.
I am in complete agreement John.. The truth is really coming to light about 9/11 and the intentional financial crisis and Foreclosuregate is the cover up for the biggest crime spree against the American people and freedom and our U.S. CONSTITUTION in history.. All of the devils are being exposed. Now We The People have to do something about this tyrannical, maniacal , diabolical dictatorship…..There is not much time. The New World Order power structure is in place and they are poised for battle.
There are more of us and we have more guns.
Violent revolution, is what they want. They goad the public, with acts of stupidity. They want acts of terror. Violence gives them more power, and may result in temporary suspension of constitutional rights.
Why would local government, be buying armored vehicles, when they claim their broke?
The elite just wants us ” American people” divided. But they do have a backup plan if we unite to get rid of DC rule, or the FED, or other sacred cows. They will have operatives posing as violent protesters killing police officers and innocent citizens.
Then after TSHTF, they will back a faction of their creation, backed by the mass media,, that will take power, claiming victory, and starting a new government free of the outdated constitution, and laws, and once again continue to control our government.
87% of people disapprove of congress’s actions. Hope for a bloodless revolution as in Russia.
Study Gandhi.
John, The guns are just our protection against FORCED CONFORMITY BY A GOVERNMENT THAT IS TREASONIST AND ACTING AS TYRANNY AND OPPRESSING IT’S OWN PEOPLE……THE REAL BOMBSHELL IS UNCOVERING ALL OF THEIR BIG LIES, THAT IS WHAT THEY FEAR…… 97% of the debt in AMERICA IS UNSECURED…………..THAT IS WHAT THEY DON’T WANT THE PEOPLE TO KNOW…………..THEY ARE TURNING US INTO A NATION OF PROSTITUTES……………………….WE THE PEOPLE MUST STOP PAYING THESE UNSECURED DEBTS, EVEN THE COLLEGE LOANS ARE UNSECURED DEBTS…THAT IS THEIR DIRTY LITTLE SECRET OF ENSLAVEMENT……..WE THE PEOPLE MUST STOP PAYING THE TYRANNY AND USING THEIR BANKS AND CREDIT………………..THEY ARE USING NAZI TACTICS TO ENSLAVE US BY USING THE BIG LIE THEY WILL TAKE YOUR HOME……….F—K THEM…NO THEY CANNOT TAKE YOUR HOME FOR AN UNSECURED DEBT…THAT IS ILLEGAL………………….WE THE PEOPLE MUST STOP BELIEVING THEIR LIES AND CONFORMING TO THEIR FASCIST TYRANNY……….DO NOT RE-ESTABLISH ANY OLD DEBTS, DO NOT CREATE ANY NEW DEBTS……………………..SEE THE ARTICLE FROM THE HUFFINGTON POST ENTITLED; Seeking Arrangement”College Students Using “Sugar Daddies” to Pay off Loan Debt…………….This is an outrage and a disgrace!!!!!!!!!!!!!!!!!!!!!
http://www.huffingtonpost.com/2011/07/29/seeking-arrangement-college-students_n_913373.html
John, if they did not fear our right to keep and bear arms, our second amendment right, than why are they working so hard to take our guns away? They are turning our kids into prostitutes to pay and UNSECURED COLLEGE DEBT BECA– USE THESE GLOBALIST PIGS SENT ALL OF OUR JOBS OVERSEAS WITH NAFTA………WE THE PEOPLE MUST EXPOSE THE LIES, AND ROUT THESE BASTARDS OUT AND STOP PAYING AND SUPPORTING THIS TYRANNY…………………THESE NAZIS ARE USING UNSECURED DEBT AS A SCARE TACTIC TO ENSLAVE US………………..THIS IS NO LONGER ABOUT MORAL OBLIGATIONS, THIS IS ABOUT OUR SURVIVAL AS A FREE AND SOVEREIGN NATION. WE THE PEOPLE MUST STOP THE DEBT ENSLAVEMENT BY THE UN/NEW WORLD ORDER……………IT IS AN ILLEGAL AND IMMORAL FASCIST TYRANNY!!!!!!!!!!!!!!!!!!!!!! IT IS A DICTATORSIP, NOT A DEMOCRACY……..
I fully intend to defend my rights John. That is why we have a Second Amendment right to keep and bear arms..That is why the forefathers gave us that right to protect us from a Government that has become treasonist and is ACTING LIKE A tyranny AND oppressing its own people….They broke the social contract VERY DECEPTIVELY..THEY ARE TREASONIST TRAITORS…
GIVE ME LIBERTY OR GIVE ME DEATH….
Of subject, and I know its a serious subject, but I gotta say when you posted,
“SEE THE ARTICLE FROM THE HUFFINGTON POST ENTITLED; Seeking Arrangement”College Students Using “Sugar Daddies” to Pay off Loan Debt…………….This is an outrage and a disgrace!!!!!!!!!!!!!!!!!!!!! ”
The first thing that ran across my mind, was the image of comedian Andrew Clay Silverstein , AKA, Andrew ” Dice ” Clay delivering his most famous line;
LITTLE BOY BLUE. HE NEEDED THE MONEY! WHOA!
A laugh is needed at times.
“If you wanna be starting somethin’ you gotta be startin’ somethin'” Wise words from a Michael Jackson song…If you can’t feed your baby, than don’t have a baby…Come on people,. If there are no good paying jobs after college, than why even go to a big name college and create massive debt for yourself.. Go to community college for pre reqs and business…Michael Jackson knew what they were up to…Go watch you videos pertaining to Michael Jackson and the Illuminati…Michael was brilliant….Remember his song, “They don’t care about us” Spot on…Feed the World, make it a better place……the elite bastards hate that. That kind of good will towards man is all poison to their evil plans…..Share and spread the truth…97% of the debt in America is not only UNSECURE BUT, UNSUSTAINABLE……STOP PAYING THE BASTARDS. There is a way to stop their weapons of financial tyranny and mass destruction…Don’t aid and abet them. Stop believing their lies America…….These financial terrorists on WAll Street and at the Federal Reserve are holding the AMERICAN PEOPLE HOSTAGE WITH UNSUSTAINABLE DEBT and CONGRESS IS AIDING AND ABETTING THESE FINANCIAL TERRORISTS…………….
I’m working on a book that, in part, explains all this. Part of my theory is that the bankers make this stuff a lot more confusing than it is.
Here’s a short summary (note; lots of this didn’t happen, and may not even be legal, but here’s how they say it was supposed to happen):
* Mortgages are put into big pools and sold to investors
* Those pools were sliced into three big groups, and often into littler one’s
* The less risky and most risky groups were easy to sell, because the former were less risk (*cough*) and the latter had high returns
* The middle were re-pooled with lots of other middle-risk groups and turned into three new groups
* The problem is that, obviously, the formerly medium-risk mortgages couldn’t be transformed into low-risk one’s; it was like a shell game
* The reason they did this is that many pension funds, charity trusts, etc.. can only buy low-risk (AAA) investments, so they needed to make more of them.
OK .. maybe it’s not that simple, especially because I skipped the entire CDS part, but that’s the gist of what’s going on.
How’s it affect homeowners? They paid higher prices for homes and were caught in the middle of a giant fraud machine. It affects foreclosures because the re-shuffling makes it that much harder to find who actually funded your loan, who actually has the right to approve a modification, and who may have collected post-default and is trying for a windfall second recovery in foreclosure court.
Thank you for adding this analysis (and informed intuitive feel) on the subject.
There may be a hopeful side perhaps, at least in concept … it might be harder for foreclosing plaintiffs to show that have the very rights asserted – as a paraphrase of some crucial data issues in your closing sentences above.
Do you think this is too optimistic a “guess” in homeowner favor? And on a comes-around-goes-around model.
I ask ‘cuz even if the sword cuts both ways, I’m not sure we’re there yet for unfortunate-defendant relief.
So bring forth more of your writings please in any and all media, formats, and venues. Do you think the above is too optimistic a “guess” on the homeowner side?
And if we are to arrive at this balance point, when and how? (Resources on homeowner side being dwarfed or even nullified and the other side being so, well, rich).
Best wishes from here, elders.in.foreclosure@gmail.com
This is the ‘party line’. The issue of multiple pledged loans is where the fraud ‘lies’. Subprime loans were not the cause of this. Subprime loans accounted for 40 billion dollars according to a US Senate hearing. The fraud is in ID theft/mortgage fraud on an ‘institutionalized’ scale, robo-LOANS..
Michael, They are still being RE-POOLED….. Bloomberg reported a couple of weeks ago that the Federal Reserve collects trillions in mortgages and they use that money to buy Treasuries.
They are still doing a PONZI SCHEME with the same OLD MORTGAGE CRAP and that is why there is ECONOMIC STAGFLATION……………THEY ARE CREATING NO NEW WEALTH, THEY ARE JUST RECYCLING AND RE-SELLING OLD DEBT………..PEOPLE PAYING THEIR MORTGAGES DO NOT REALIZE THEY ARE HELPING THE FINANCIAL TERRORISTS TO FURTHER DESTROY THE ECONOMY….PEOPLE PAYING THEIR MORTGAGE ARE AIDING THEIR OWN DEMISE…..
SEE THE MAX KEISER VIDEO FOR AN EXPLANATION:
Keiser Report:Bank of America Sucks & Blows (E 107)
Yep .. they’re still being re-pooled. They even pool, securitize, and sell deficiency judgments — the judgement between the value of the note and the value the home “sold” for, sold being a questionable word when half the “sales” are for $100 with only the servicer bidding. They’ll pool, slice, dice, and resell anything. Then, when the people don’t pay they collect a few times over from insurance they sold to one another — that’s paid out by the US government — and then they do it all again.
The key is to remember that they try to make it all look more complex than it is. It isn’t really that complicated, but if people think that it is then they’re less likely to understand it and if they’re less likely to understand it they’re less likely to become angry. Because anybody that understands what happened is livid.
eif .. thanks for the kind words.
Possibly some of the the loans that are now being held as unenforceable, were designed by the thugs within the loan industry to allow them to have their fraudulent shadow loans nullified. Thus, unless they are found out to have been intentionally set up to not have to pay them back if the loans were ever discovered, they would have a well contrived loophole to avoid re payment and prosecution. Unless they were discovered to have planned the whole thing. Just thinking out loud.
Thus, possibly, individuals within the loan industry, and loan officers, loan guarantee officers, attorneys in high places connected to judicial process, etc, where mortgage industry insiders, possibly within govt agencies involved in mortgage lending, seeing what was going on, and being highly knowledgeable in the area of ID theft and financial fraud prevention,thus understanding the complex nature of what was going on, decided to ‘go into business for themselves’, creating a racket that conceivably permeate every crack within the judicial system, whereby they are ‘protected’ by virtue of those who are co-racketeers. If a person stumbles upon some aspect of this racket, he/she quickly is at best discredited. IMHO. Just thinking out loud.
Very interesting and would like to read more about this theory. Am wondering, who is it that gets discredited? And what happens when a foreclosure suit is filed against the borrower?
ManyThanks,
elders.in.foreclosure@gmail.com .
P.S. Who is the stumbler in your hypothetical – the borrower? Someone else? Or anyone else? Not sure how the insiders fare here or the homeowners. Appreciate more detail please,
THEY ARE ALL UNSECURED DEBTS, INCLUDING THE COLLEGE LOANS AND HAVE BEEN SINCE ORIGINATION……THEY CAN NEVER TRULY BE ENFORCED AS A SECURED DEBT..MAINLY BECA– USE OF THE FRAUD THEY COMMITTED AT ORIGINATION…THERE IS NO FIX FOR FRAUD…..AND NO SECURED COLLATERAL LIENS……..97% OF THE DEBT IN AMERICA IS UNSECURED AND THAT IS THEIR DIRTY LITTLE SECRET THEY ARE USING TO ENSLAVE US……………………………
theory or COLLUSION?
I vote collusion..and collusion in the coverup, A/K/A is Foreclosuregate….Time the American people demand the DOJ and the U.S. STATES ATTORNEY’s OFFICE begin opening up some REAL criminal investigations into this massive crime spree..The State AG’s offices already have proof of foreclosurefraud fraud as well as the County Sheriffs. The county recorder’s offices are major crime scenes and have actual documents that show proof of the massive mortgage fraud………. 9/11 and this Ponzi Scheme are the biggest crimes and cover-ups of crimes committed against the American people in history……Cuff ’em….Standard and Poor’s who downgraded our credit yesterday were also in on the Ponzi Scheme…….They rated the shit AAA, CUFF THEM TOO.
Greetings and let us know if you do hear of cuffings!
And homeowner justice tied in.
Regards from elders.in.foreclosure@tgmail.com
They commited massive mortgage fraud so they and their minions could sell and gamble off of all of our signatures up on Wall Street… and they made hundreds of trillions on that gamble in their WALL STREET CASINO. THE GAMBLE, THE BET, was our ability to pay the mortgage or not pay the mortgage which they sold and speculated on in various forms like COLLATERALIZED DEBT OBLIGATIONS and other exotic concoctions A/K/A MORTGAGE DERVIATIVE,. and they insured themselves on the risk they created, which wasour ultimate failure that they INTENTIONALLY CREATED , with CREDIT DEFAULT SWAP INSURANCE..AND THEY GOT BAILED OUT BY ALL OF US, THE PEOPLE. THE VERY PEOPLE THESE VERY CRIMINALS SET UP TO FAIL AND ROBBED WHEN THEY INTENTIONALLY CRASHED THE STOCK MARKET, SEE YOU TUBE VIDEO, CNBC ILLUMINATI CRASHES STOCK MARDET…… It was the biggest mortgage fraud Ponzi Scheme Swindle and Heist in history and Foreclosuregate and 9/11 was and is the ATTEMPT to COVER-UP for what the RULING GLOBAL ELITE were doing and what they did.
THE INTENTIONAL DESTRUCTION OF ALL OF THE ORIGINAL MORTGAGES AND NOTES WAS THE ORIGINATION FRAUD AND THE COVER-UP FOR THE FACT THAT THEY _NEVER_ OWNED OUR LOANS…….ALL THEY NEEDED WAS OUR SIGNATURE AS COLLATERAL TO GENERATE A PAID DEED CONVEYED TO US AND A BOND AND A TREASURY, BACKED BY THE DEBT THEY CREATED… OUR SIGNATURE WAS THE COLLATERAL (GAMBLING TOOL) FOR THEIR PONZI SCHEME…THEY BUILT A HO– USE OF CARDS, A HOUSING BUBBLE AND THEY KNEW IT WOULD FAIL…….THEY CREATED LIARS LOANS TO KEEP THE PONZI SCHEME ROLLING AND KEPT INFLATING THE BUBBLE..UNTIL THE DEFAULTS STARTED..THEN THE INSIDER TRADING COLLAPSED THE MARKET AND THEY ROBBED EVERYTHING NOT NAILED DOWN, 401 K, PENSION MONEY, ALL OF OUR INVESTMENTS WENT INTO THEIR OVERSEAS BANKSTER ACCOUNTS…..THEN THE THREAT, WE ARE TBTF AND WE BAILED OUT THE CROOKS AND THEY THREW US UNDER THE BUS….. BECA– USE OF THAT OUR HOMES ARE PAID FOR FREE AND CLEAR..
Amen….Amen…Amen…… You know what really PMO besides all the Ugly Bank stuff they have done. What tiks me off is how they all hide….they don’t sign their names to anything because they know they are treding in dangerous water yet…they are still sucking every dollar up that they possibly can while hiding. They are like the bad guys who find the treasure in a cave that is in collapse and they elect to stay with the treasure rather than run to safety. GREED, Every correspondence I have had w my Big Bank yeilds no signature. People who make decisions hide behind the “front line” idiots who are trained to say ” Im sorry but I cant help you” or “Im sorry sir but there is nothing I can do” whose job is to get rid of the customer.
After this nightmare is over for me, I may expand on an idea that I had….. What if you could post online the exact towns and addresses of all those big foreclosure players and such????? I can see it now…a Website that welcomes disgruntal employees or employees who couldnt be a part of it anymore…get the real dirt…. I DONT KNOW ABOUT OTHERS BUT I AM SO ANGRY…..I WOULD JUST LOVE KNOWING THAT A FEW OF THOSE B’s WERE LOSING SLEEP TOO !!! But……a website like that would be shut down as fast as it went up because it would be violating the rights of the people who are bringing down America and Banks who robbed its own government and its people.