Comments on: Must Read Report | Calvin Townsend, A Speculator, Takes Blame for the Mortgage Mess

By: Bobbi Swann

Bobbi Swann — Sun, 14 Aug 2011 17:36:09 +0000

I feel bad for this person because he was “sucked” in by the power of greed and listened to the evil drummer who played his ‘get rich’ scheme. These seminars were all over the place at that time and gullible people who paid to attend ($$$) went out and about without checking the consequences. The nominee buyers were usually ‘straw’ buyers used as a 3rd party in a transaction to further inflate the value of a property thereby allowing this person to walk away with thousands of inflated equity. The bankster is at fault, yes, but submitting mortgage applications for people who don’t exist or never intended to own the property is fraud as well. Most of the time, at least here in Flori-duh, those ‘straw buyers’ were paid a commission ($15K in this instance) to act as official buyers as a means to inflate the property and that was the only ‘intent’ they had. Greed is a very powerful emotion effectively used by Satan. Several RE agents, and others are now serving terms here just for that reason. The sad part is that nothing happens to the Wall Street maniacs or the banks who pushed this shit. It was like a maniacal frenzy on who could accumulate the most wealth using the real estate bubble at the time. Again, I feel bad for this person but ignorance of the law is not a defense. How many properties did he own at the time? 21…realistically, this man was not a experienced investor; he was just a train conductor for God’s sake and only a real estate agent part time for 2 years. It was the last person on the totum pole at the end who got stuck with the higher inflated values when the bubble burst, so where’s the justice for these people who owned these homes? There’s where just a part of the inflated wealth went….right into these people’s pockets. Shame, that the banks are still getting off the hook with their part in this whole scheme.

By: qwester

qwester — Sun, 14 Aug 2011 17:35:41 +0000

Miracle of Miracles for the lenders, banks, and servicers. THERE ARE NO Google links to the federal court trial itself. It is obvious that the banks have coopted Google to blank out this trial and conviction because of the stench of it. This is typical Chicago – DEMOCRAT – Obama protection. Animal Farm Orwellian irony par excellance. Only statements by the defense attorney and a guilt ridden juror are pointed to in feeble efforts by Google to appear unbiased. I wonder how much Google charges the banks to block taboo searches like mine.

By: Boomie cotton

Boomie cotton — Sun, 14 Aug 2011 07:09:32 +0000

This is very sad

By: lvent

lvent — Sun, 14 Aug 2011 04:26:15 +0000

Time for We The People to break down the Foreclosure-gate……Start filing police reports on all of the mortgage fraud en masse..That will get the attention of the States Attorneys that we are mad as hell and we are not going to take it anymore……

By: lvent

lvent — Sun, 14 Aug 2011 00:43:47 +0000

As usual they blame it on the little guy…this is disgraceful…but par for the course unfortunately…there are many more at the top of this Ponzi Sheme who are way more deserving of heavy prison time…they are going bottom up and there is a Foreclosure-gate preventing the criminal prosecution of the top fraudsters…..this is wrong…the top dogs were the perps to and following the orders of their ruling elite NEW WORLD ORDER MASTERS but they deserve prison for what they did. They blew up the world’s economy and it was intentional and intended to cause permanent financial harm to to all of us..little guys..

By: John

John — Sun, 14 Aug 2011 00:34:55 +0000

Its a felony to file a false report with a federally insured bank. It is OK for that bank to do wrong by you.
This has got to stop.
Hopefully it will soon or in the next election when so many get ousted.

By: maggie May

maggie May — Sun, 14 Aug 2011 00:26:42 +0000

Sure blame him!

By: Ron Moss

Ron Moss — Sun, 14 Aug 2011 00:20:41 +0000

You could tell by looking he just looks guilty. While the bankers masquerading like honest business leaders not terrorists like they really are.

By: Litgant

Litgant — Sat, 13 Aug 2011 23:45:20 +0000

Case of the shyster judge in the hands of the banks again. Shyster judge. Shyster judge. And now because of a shyster judge some children will not have their mom or dad at home for many years. While the other criminals keep raking in the billions and with this pay the shysters under the bench. This is sick America, SICK!