The Market Ticker – Fraudclosure — You Have Been Sold Out
And people wonder why there are more and more folks who are saying (or should say) “**** it”, throw their hands in the air, make no investment in capital formation and just walk off?
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter describing the deal.
The draft letter to stakeholders from state attorneys general outlines an agreement among large mortgage servicers, states and the Department of Justice, which are continuing talks to finalize the proposal.
Perjury is, in most states, a felony. Uttering (forgery) is also, in most cases, a felony.
But now it is being reported that both NY and California have caved — making a “deal” all but inevitable.
And you, dear reader, are going to (again) take it in the ass.
What do you think the banks held over these folks? Might it have been their state bond financings? Oh, probably. Property rights and a property registration system that literally pre-dates the Revolution? No problem, we’ll give it all to you, Sir Greedy Bastard, so long as you keep presenting your bare member for us to perform an obscene act upon.
Then we will tell our constituents that we “got the best deal possible” and that “we couldn’t have prosecuted.”
In point of fact what the states had to do was stop the ridiculous overspending and tell the banksters to pound sand. But they didn’t because you insisted they keep making promises to you they couldn’t keep, and so once again the so-called “elected” turn out to be a bad joke. Representation of the people, by the people and for the people falls again to those who do whatever the hell they want, law be damned.
There is no law any more folks. Not when it really matters — when systemic and rampant violations are committed by big business and your fundamental liberty interests are ignored.
We, the people of this nation, deserve this. We vote for Attorneys General in 43 states and in all but two of the others they’re appointed by the governor (and we vote for the governor.)
So get out of your chair this evening, my friends, and go stand in front of the mirror to identify the problem. Then decide for yourself whether you’re going to keep consenting, because up until now, you have and this crap will not stop until you decide you’ve had enough and insist that the law that applies to you is also applied equally to these institutions and their executives.
~
We need heads on pikes, of Lawmakers and Attorney Generals who have abandoned the rule of law, and their duty to the public for political contributions “bribes” from despotic criminals, the mummified severed hands of notaries who mass signed documents used to deny homeowners their rights, the tongues of lawyers who knowingly presented these false documents in court, the eyes of rocket docket judges who failed the follow the law and rules of civil procedure, in a new wing of the Smithsonian Museum, named the Hall of Retribution.
There needs to be a place where we can show children what happens to public officials who betray their oath of office
RIGHT ON JOHN ANDERSON..! AMERICA IS THE PEOPLES HO– USE!!! PEOPLE POWER!! OCCUPY!!! SUE EVERYONE OF THE TRAITORS! WE WILL BURN ALL OF THEIR FRAUDULENTLY INDUCED DEBT IN A NATIOWIDE BON FIRE!! BBQ ALL OF IT!! THROW OUT THE FED AND ISSUE OUR OWN CURRENCY BACKED BY OUR OWN HIJACKED NATURAL RESOURCE REVENUES!!!! STATE BANKS….! DONT VOTE FOR ANY OF THE REPUBLICONS….THEY ARE THE NAZIS…! I FOUND OUT TODAY MAX KEISER AND STACEY HERBERT ARE NAZIS…THEY ARE PUSHING FOR THE NWO GOLD STANDARD LIKE RON PAUL…AND AMERICA DOES NOT EVEN HAVE ANY EFFING GOLD…THE NAZIS HIJACKED IT AND STOLE IT A LONG TIME AGO ..WE MUST BEWARE OF THE DECEIVERS,…THEY GOT CAUGHT AND THEY DONT WANT TO LOSE…..THERE ARE NO LEGAL OR MONETARY FIXES FOR THEIR MASSIVE FRAUD, LIES AND DECEIT!! NATIONAL SOVEREIGNTY WILL PREVAIL!! AMERICA IS THE PEOPLES HO– USE!! GOD BLESS AMERICA!!! ALL TRAITORS WILL BE REVEALED….HEADS ARE GONNA ROLL…THIS WAS AN INSIDE JOB….! WAKE UP AMERICA!!! THE NAZIS ARE HERE!!! IN CONGRESS AND THE SENATE!!! THE FEDERAL RESERVE IS SATAN…THE MARK OF THE BEAST..LIVES IN ROME..THE VATIAN/JESUIT/ROTHSCHILDS!!!
Lookie who is the first one who is already breaking the agreement; infamous Scott Walker. He has decided that all the money needs to be added to the too depleted state fund. This guy is a real piece of crap. I’m sure most of them will all follow suit; that was the real intent anyway.
http://www.pdacommunity.org/wisconsin/1097-gov-scott-walker-to-use-foreclosure-settlement-money-to-balance-his-budget-not-help-homeowners
Of course Katheryn..just like the suits Ill.State AG Lisa Madigan “won” on behalf of homeowners..! Yeah right..I see no proof of that….They are fooling no one with these suits…These suits are for the benefit of the HOGS to get fatter..They are no more than a bunch of prostitutes, whores and pimps for their so called moneyed elite owners ….they are all the friends of Willard..they crooks want all of our stolen wealth to stay in the hands of the crooks….while they send their victims on a wild goose chase….trying to figure out where it all went and why they are broke, homeless and jobless…They figured they were to stealth to get caught…not so fast you dirty criminal lying IMPOSTERS bastards! We got em now…caught them red handed trying to walk away with our wealth, our country, our National Sovereignty and therefore our freedom..! OFF WITH THEIR HEADS… BUT FIRST, WE THE PEOPLE DEMAND ALL OF OUR STOLEN WEALTH BE RETURNED..RIGHT NOW..! Or face the fury of millions upon millions of really pissed off American citizens…..the REAL OWNERS OF AMERICA…ARMED TO THE TEETH…AND WE KNOW WHO YOU ALL ARE! JUST HAVE TO GOOGLE IT…THE TRUTH IS AT OUR FINGERTIPS….THE PROOF IS IN PLAIN SIGHT! THIS IS ANOTHER HITLER PLAN…AND THIS TIME WE KNOW WHO THE REAL OWNERS OF ALL OF THE FRAUD REALLY ARE!!!!
Here are the numbers. Roughly half of homeowners with mortgages are underwater, which means they owe more than they own, to the tune of $1 trillion or so. And housing values are still declining so far in this “recovery”, throwing more homes underwater. In terms of an investigation, the Savings and Loan crisis used roughly 1000 FBI investigators to uncover fraud — this task force taking on a crisis forty times more severe will employ 10 FBI agents !. America simply has too much mortgage debt to pay back, there is only one solution and is not happening– writing down the enormous creaking mound of debt This solution is currently off the table, because writing down these unsustainable debts could cost our to big to fail banks enormous sums of money, Dropping housing values lead to foreclosures, which damage housing values, and so on and so forth.
Acmod…our homes and businesses are paid for…remember?? It is the crooks who are drowning…..GRGHHHLE°°°°°°©®…LOL!!
We just need to hold their evil heads underwater for long enough to do them in…! I know …lets tie a heavy weight to their ankles…and have a NATIONWIDE FRAUDULENTLY INDUCED MOTGAGE/ NOTE CREDIT BURNING BONFIRE…!! THAT SHOULD GET THE JOB DONE AND ANCHOR THE CROOKS TO THE BOTTOM OF THE SEA!!!
The deal is unconstitutional, and will not be upheld in court. Article 1, Section 10 prevents the states from interfering with private contracts. “No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.”
Article 7 also preserves the right to jury trial in controversies over $20. The states cannot “settle” and forbear future private lawsuits.
Article 6 provides that all judges are bound by the constitution, “This Constitution, and the laws of the United States which shall be made in pursuance thereof; and all treaties made, or which shall be made, under the authority of the United States, shall be the supreme law of the land; and the judges in every state shall be bound thereby, anything in the Constitution or laws of any State to the contrary notwithstanding.”
@ Tim
Haven’t seen you around lately. The problem is getting the court rulings in favor of the law. Yea, there is a win here and there; but far more loses. It appears that this was so well planned down to every stinking last little detail in favor of this unbelievable ponzi scheme. The more I learn the more amazed I become as to how well planned this was. It is obvious that the government will be of no help to most of us. The 99% will be forced to continue to feed the never full 1% and we a screwed. I just don’t know how the 99% without total cooperation of most of the 99% can stop the grab machine. The country has been taken by the government sponsored mafia. When you see a judge have a copy of a cut, pasted and forged note in his hand and say it does not matter you borrowed the money; how does one comprehend that, much less fight it? There are really only two answers; the judge is dishonest or downright too stupid to be on the bench. I just don’t know the answer. I keep looking though.
To force judges to abide by the Constitution, I believe civil disobedience is called for. Any state foreclosure that occurs unconstitutionally, should be claimed as such, and the homeowners should stay in the house. An eviction hearing would then need to be scheduled, to which the homeowner should claim the initial foreclosure judge acted outside his constitutional authority, and should be vacated. This would put the judge in a precarious position, and the state would be looking at liability.
WOO HOO Tim Bryant…..! You just PROVED…there is no legal fix for fraud! We caught the dirty greedy bastards..red-handed trying to walk away with our country!!!! GOD BLESS AMERICA..OUR FOUNDING FATHERS WHO HAD THE VISION AND KNOWLEDGE TO SEE THIS FRAUD COMING…AND GAVE US THE U.S. CONSTITUTION AND STRICT PROPERT LAWS THAT GOVERN OUR PROPERTY RIGHTS..TO PREVENT SUCH AN ATROCITY FROM OCCURRING….AND HONEST AMERICANS WHO LET THE TRUTH BE KNOWN AND NOT HIDDEN FROM THE AMERICAN PEOPLE…WHO ARE THE REAL OWNERS OF THE UNITED STATES OF AMERICA..ONE NATION UNDER GOD …INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. NOW ITS TIME TO HOLD ALL CRIMINAL IMPOSTERS AND POLITICAL TRAITORS ACCOUNTABLE FOR MASSIVE FRAUD COMMITTED BY MASSIVE AND WIDELY DECEPTIVE PRACTICES…COMMITTED BY ALL OF THE AFOREMENTIONED..!!
Tim – they would argue that there has been no interference w/private contracts because the settlement does not (supposedly) prevent any person from initiating a private civil action.
But, as my wise husband said – you can see those bankster attorneys in court in private cases – pleading with judges that the bank has “already paid” for its offenses….so we’re probably screwed to some degree even if your private court action has real “teeth”.
As I said long ago, you were all delusional to think anyone was going to be prosecuted, or the banks weren’t going to be let off the hook. Too big to fail is now too bigger to fail and the government is going to have no hand in bankrupting these institutions because they can’t afford to bail them out and the FDIC can’t afford to cover the depositors.
It’s no wonder that the financial industry gets whatever they want in an election year where just the 2 presidential candidates want to raise a billion dollars each. That doesn’t even consider the rest of the guys and gals up for reelection at the federal, state and local levels.
This site used to try to give homeowner’s some guidance in defense of their homes. Now it has just become a bitch and complain site without practical answers.
On a bright note, Spencer Bacchus is now under investigation for insider trading during the financial crisis. He sits on the House financial services committee. this may shed a lot more light on the corruption between the government and the banks.
Ok so let me see… First the banks commit massive fraud, then they got $700 Billion dollars from the taxpayer, then they fraudclosed on million of homes that they don’t own, then then they got trillions of dollars on more bail outs from the back door Fed and then they write a check for 26 billion for all of these crimes? wow what a deal ! and now we’ve now set a price for forgeries and fabricating documents. It’s $2000 per loan The only lesson the banksters learn here is how to write a big check ! that’s it! outrageous !
you forgot to add that they wrote the check with your money not theirs
Whom wrote what check to whom?
In the Citizens United decision, SCOTUS stated that corporations are people. That also works in reverse…people can be corporations. Corporations have veils to protect the shareholders.
Go to your Secretary of State and incorporate yourself. Then transfer the mortgage to the corporation as “mortgagor”. Use the MERS model in your favor. The judges have legalized this kind of behavior, so if you can’t beat ’em, join ’em.
When they go to foreclose against you, you can get the case dismissed, as they would have named the wrong party. The banks do it all the time. We can learn to protect ourselves by playing their game.
The Department of the Treasury, the FDIC, the Office of Comptroller of the Currency, the Office of Thrift Supervision, the SEC, FHMA and all the other Federal and State agencies and administrations including, but not limited to the FBI, FDLE, the Attorney General of the United States and the Attorney Generals of all the states…are all employed by us. Don’t even mention the creature that was created. They’ve all deceived us and with many representatives try to demonstrate concern while papers are pushed from one basket to the other. You can never get back from government, more than you pay them and the harm they can do by representing other interests leaves us royally screwed. The laws don’t apply, unless they say they do and the penalties are pay offs unless you’re one of the 99%. We would do far better to have no government at all.
Florida is attempting to pass HB 213. Read the staff analysis – there’s NO BENEFITS. However, the implication and facts from LPS indicate the need for a consensus to give the appearance of doing something, while helping the damn Bankers Association. There has been no real comparison of how HB 213 would correct the BANK CREATED financial collapse of the housing bubble. It was clearly stated at the end of the last committee meeting that many amendments would be made, but none of those suggested by the community leaders that spoke out against it were addressed. The public WILL PAY AND PAY AND PAY…
THEY ARE ALL LIARS AND DECEIVERS!! AGENTS OF SATAN!! REJECT THEM!!
It is a sad day, to be sure.
This is how our government treats the too-big to fail fraudsters — they have more rights than citizens and have been given a license to financially and emotionally rape and pillage the citizens of this country. Greed and fraud is rewarded when kept concealed and is forgiven and “settled” when it is discovered by the people.
Lost $50,000 in principal in your house? Eh well, we have burned your file and the fraud it contained and no one will help you now — but here’s $2,000 – now get out.
I guess we need to face it. It’s just you and me now (and the people like us). It is down to that. There is no one to help us besides us.
I don’t know if we can fight them anymore unless we all decide to work together. It seems they will stop at nothing — we don’t have the money (for protracted litigation to fight them) or the kind of power they have. What money we do have, I guess we can keep and decide to try to bring down their system…but I don’t know what else we can do besides 1) seriously revolt or 2) wait and reform – remove those from office who seek to control us and continue the frauds upon us. I don’t know that it will ever happen unless a Ron Paul and similarly minded people jump in and take over — the fraud and corruption are everywhere.
OK, ok..I need to stop here. Deep breath…suck it up and amp up my caffeine level to allow the piss and vinegar to rise again in my blood. I felt beaten there for a second…we knew this was going to happen, I suppose. We can’t be beaten. The good, the right always have to prevail. Somehow…
Ron Paul for President – 2012 – he is our only hope.
The “Lame Stream Media” is so afraid of Ron Paul that it is using censorship to stop us from knowing anything about him .. they know that if they do any real true reporting on Ron Paul, their Corporate sponsors will punish them .. because corporations, banks, the democratic and republican parties, and the federal reserve are all afraid of Ron Paul because his goal is to take back control of our country from them and give it back to We the People .. check out these videos on how they are trying to hide Ron Paul from us .. and why they are conspiring against him ..
Mainstream Media censorship – not reporting on Ron Paul
http://www.youtube.com/watch?v=csFO5hR07K8
Bankster Conspiracy against Ron Paul
http://www.youtube.com/watch?v=sAztH_mkGwo&feature=related
See video – Ron Paul has been trying to save us for years .. he cannot do this by himself, he needs our help ..
Ron Paul needs Our help
http://www.youtube.com/watch?v=F7wK5qaNOtY&feature=related
See the video below on how to Vote for Ron Paul in the Republican Primaries, (if you need to change your registration to Independent or Republican, you can change it back to whatever you want after you vote for Ron Paul), after he is elected as the Republican candidate for President, we can support him in the General Election for President in 2012 .. that is the best chance for him to win because his voice can then be heard .. no more censorship by the media and hiding him from everybody .. if worse comes to worse and the Banksters keep his name off of the ballot in the general election, we may still have a chance to elect him if we write him in .. write his name .. Ron Paul .. it is our only hope. Vote for him as soon as you can .. see video below ..
How to Vote for Ron Paul
http://www.youtube.com/watch?v=HawiHvxloms
God Bless America.
$2000.00 for ppl that have been FC’d….??? What no vaseline?
there be dragons -there be sand in that vaseine
I’m sure there will be “IF YOU QUALIFY” you may receive compensation !
Well said!! Here in MA, they still haven’t paid out the first settlement with Countrywide / BofA from 2009.
The AGs are a real joke, and are fighting for the banks, not consumers.
I knew from the get go that this was not for the people. They want the settlement to pump up their funds and make sure their retirement accounts are covered. That was the plan from the get go. That is why the big emphasis on allowing those to sue individually. First, there are few attorneys who will help individuals; and that pool narrows again when you take out the attorneys that are incompentent in his/her knowledge of the issues; second; the people that just are unable, for whatever reason, to stand up to the theives; and last, those of us that do get the crap kicked out of us from the justice system who are unwilling to rule by the law rather than their personal biases or conflict of interests. It is all for illusion and distraction and none of them are to be trusted. They are negoitating with criminals and terrorists against the 99% while the 1%, government cronies, banks and wall street sit in their ivory towers and their island compounds trying to stay on top of more ways to rob us. It is a pathetic joke and I’m sorry to say the joke is on us.
Remember the million man march? I’m thinking come spring we should coordinate the largest millions men/women march that will make their heads swim. This would need to be a well planned and tactically coordinated effort. Speakers would need to be lined up. Different areas of occupy DC for that day would be coordinated in advance. ie: These state occupiers would take K st. and so on and so forth. Plan it to begin on a Friday as to stop up traffic throughout DC with most of the speakers and events taking place over the weekend. We could really grab some media attention if we could actually get millions to turn out with speakers who send out the true message of what is happening in our country. We need to take some kind of action instead of just talking about it. I would be the first to volunteer as a coordinator.
THE DIRTY GREEDY BASTARD POLITICIANS IN CONGRESS ARE THE REASON FOR ALL OF IT!
FROM THE DAY CONGRESS CREATED THE FEDERAL RESERVE UP TO TODAY….! IT IS CONGRESS WHO THREW THIS COUNTRY OVERBOARD AND SOLD THE AMERICAN PEOPLE OUT!
NOW THE PEOPLE KNOW WHO THE TRAITORS ARE AND EVERYONE MUST REVOLT ON EVERYTHING!
STOP PAYING, CONFORMING AND COMPLYING…
THEY DONT OWN US…THEY DONT PAY FOR ANYTHING IN THIS COUNTRY….!
THE AMERICAN PEOPLE PAY FOR AND FUND EVERYTHING THAT THE FED STEALS AND CREATES TREMENDOUS WEALTH FOR THEMSELVES AND THEIR CRIMINAL FRIENDS FROM OUR WEALTH AND FRAUDULENTLY INDUCE THEIR FRAUD DEBT FOR ALL OF US….!!
WAKE UP AMERICA…!
IT IS WE THE PEOPLE WHO OWN THIS COUNTRY!!!! WE PAID FOR AND FUNDED EVERYTHING!!!
WE FUCKING OWN THIS FUCKING PLACE!!
OFF WITH THEIR HEADS!!!!
IF THE SOCIAL CONTRACT IS BROKEN AKA THE U.S. CONSTITUTION….THE PEOPLE MUST REVOLT! !!!!
EVERYONE WAKE THE HELL UP!!!
STOP PAYING THE CROOKS WHO ROBBED US….AND STILL ARE!!!
THE ROBBERY AND DESTRUCTION OF AMERICA AND OUR NATIONAL SOVEREIGNTY…AND THEREFORE OUR FREEDOM AND OUR COUNTRY…IS RAMPING UP BY THESE CROOKS WITH EVERY DOLLAR YOU SEND THE FED AND SPEND AT THEIR CORPS AND PUT IN THEIR BANKS!!
THESE CROOKS NEVER LENT US ANY MONEY……
THEY CREATED $700 TRILLION IN UNSUSTAINABLE MORTGAGE FRAUD DEBT FROM MORTGAGE NOTE FRAUD WITH THE — USE OF OUR SIGNATURES BUT ARE USING THE BIG LIE THAT PEOPLE BOUGHT HOMES THEY COULD NOT AFFORD TO STEAL OUR COUNTRY!!!!
CONGRESS AND THE FED DID THIS TO AMERICA….!
CONGRESS ARE THE TRAREAL TRAITORS HERE!
STOP PAYING THESE CROOKS PEOPLE!!!
THOSE FRAUDULENTLY INDUCED MORTGAGE CONTRACTS AND NOTES WERE A NULLITY THE DAY YOU SIGNED THEM….
THEY NEVER LENT US ANY MONEY….!
THAT IS HOW THE MONEYED ELITE STEAL NATIONS…AND OBTAIN MASSIVE WEALTH WITH BIG LIES AND THE CITIZENS WEALTH!!!
DECEPTION AND BIG LIES THEY MAKE YOU BELIEVE…. AKA …..FRAUD….BIG LIES….NO SKIN IN THE GAME….THEY LEND NO MONEY OF THEIR OWN…THE FEDERAL RESERVE IS THE BIGGEST SCAM IN HISTORY!!!!
FOR THE LOVE OF GOD AMERICA, WAKE UP!!!
THE FED STOLE IT ALL!
AND CONGRESS CREATED THE FED!
THE FED VIA CONGRESS, HIJACKED OUR CURRENCY, OUR GOLD, OUR NATURAL RESOURCES, OUR LAND, AND NOW OUR HOMES AND BUSINESSES…….NEXT IT WILL BE OUR NATIONAL SOVEREIGNT..!
WITH BIG LIES….AND DECEPTIONS!!!!
THEY LEND NO MONEY!
THE PEOPLE FUND AND PAY FOR EVERYTHING!
THE AMERICAN PEOPLE OWN THIS FUCKING PLACE!
STOP PAYING, CONFORMING AND COMPLYING TO THE LIES THEY MAKE YOU BELIEVE!
THE FED IS THE BIGGEST FRAUD AND THEY ARE RMTHE BIGGEST THIEVES IN HISTORY…..AND THE TRAITORS IN CONGRESS CREATED THEM!
STOP BELIEVING THE LIES!
OFF WITH THEIR HEADS AMERICA!!!
STOP PAYING, CONFORMING AND COMPLYING TO YOUR OWN DEMISE!!!!!
your forgot to include -LIAR LIAR PANTS ON FIRE!
To those who don’t understand and have their heads firmly up their behinds would react to your comments as anarchy and reactionary. HOWEVER, everything you have said has been in my heart and growing for the last FIVE YEARS or more. We as a group have to form a 3rd party which protects individual rights. Ron Paul is the only politician who comes anywhere close to what this country needs. The government should stay OUT of social issues and should protect the majority and not just the elite. First, we have to repeal and change SUPER PAC (unlimited campaign spending – buying your way into office) and restrict campaign donations and spending to a minimum amount under $100,000. Second, the internet should be used to level the playing field displaying equal opportunity for all candidates to air their views. 3. A runoff should be used to select candidates in each state. etc.
This way, a poor man can win based on the quality of his viewpoint and leadership rather than the largess of his wallet, ego and greed.
WE NEED TO TAKE THE POWER BACK………….
What a disgusting display, why don’t you State AG’s get off your kneepads and prosecute these thieving bastards instead ? A measly 5 billion out of pocket ? They paid themselves 175 billion just last year in bonuses !! Not to mention how much the fed printed up and handed to them, 16 Trillion wasn’t it ? A truly sad day for my country.
When you look at the mirror, you see nothing. There is no reflection because you are nothing to this government that had laws.When this government condones felonies, it is of no use to the public. Voting doesn’t change anything. Remember HOPE and CHANGE ? When the government is on a par with felones, it’s time to overthrow the government.
In my part of California, Federal Housing has bought all the loans, or investors and has already resold with nothing down and low interest to first time borrowers/ones that lost their homes to fraudclosure/ also the blight dollars has been so blatantly abused! and once again no one is paying attention, and what does it matter, it would take forever to disbantle corrupt behavior when so many in the so called protective agencies of city, county, and state are all participating in fraud!!!! good luck with that one! and now I know why my loans were so quickly sold from the major banks to the little guy loan company that I have never heard of?? once again they are off the hook! When it comes to prosecuting, I have only seen the decent lenders, agents approached the real swindlers just continue on; different laws for different class of peoples? IS THAT WHAT IT IS!
Where is HSBC in this? Why aren’t they listed? Are they off Scott FREE????
In our situation, HSBC was named as trustee. So, Chase is taking it as “servicer” (and of course “originator”).
Once again,,,,,,, what right does my AG have to bypass the State Legislature to make a treaty with the Fereral Government and international corporations? Do we have the shoe on the wrong foot?
The banking industry, federal reserve and global financial community is the GOVERNMENT! We were sold out a long time ago. For a time, and still for most, except those now waking up, like OCCUY/OWS and the kids that can’t get jobs, that WE have no control over government, it is the PACS and Wall Street’s money calling the shots. We live under a Machiavellian construct (google it) that what we don’t know won’t hurt us. We are so dumbed down in this country that we are probably closer to a third world with our children’s education, civics, economics. We think if we give our sons Transformers and our daughters Princess Barbies or Tinker Bells and Dad has a big screen on Sunday afternoon, that everything is okay.
We are ignorant and this is the way Wall Street and the Financial industry needs us to stay! We have our guns, our hot button ideas about gays, abortion, racism where nothing changes so we think we have control.
Shshshshsh. . .
Can’t change overnight. We lost our way a long time ago in search of the American Dream and big screen TV!
Our government- – – – – They tout rights of Syrians, Egyptians, to riot in the streets for Democracy but they deny our OWN citizens from protesting, denying OWS/OCCUPY’s protests, challenging them with smoke bombs and force!
Is this the year for a REAL US OWS Spring?
Is it likely the DOJ would have pursued? Who was prosecuting criminally anyway? Too early to tell but it appears this settlement will not prevent private civil suits. It is important that NY Schneiderman retained his right to pursue MERS and this is a key issue of which he is well aware. If MERS loses legal standing it is likely to open up a lot of opportunity for individuals and classes to sue, which the AGs could not prevent anyway, not really. MERS must be exposed for what it is, a sham construct to circumvent transfer costs and documentation and hide ownership. They have no right to legal standing!
In this settlement, states will siphon off the money and homeowners will see little of it as they have seen little of what is sitting available now. The settlement won’t even bind FNMA and Freddie and that is a large majority of the loans that will get nothing to write down principal. This is the major fallacy of this settlement as FNMA and Freddie carry the majority of middleclass loans. Subprime is already history. I will believe the $2,000 trickles down when I see it!
The FNMA Freddie omission is a major flaw as most of the money will write down high end underwater loans in order to stabilize the high end of the market from its free fall. I am seeing, as an appraiser, value on high end appraisals lopped off by $50-$100K. No market sales to support the value. If principal write-downs for these loans frees up, then the people with money will begin buying again with short sales. It has already began with some of the major players. More approved short sales to qualified buyers with 20% down are quickly increasing. Homeowners have no say in this, they are forced to list shorted and forced out.
The money, well, it will go to a few states able to balance their budgets with a little spending money. Southern states particularly are hungry for this stipend. It releases the banks and they breathe a sigh of ‘release’ er uh relief that more major suits will not attack them or the investors pocket books, letting them move on.
All done with mirrors and smoke. You can say it is hush money in a way. There will be little benefit for the rank and file in this. They are skipping the ‘deadbeats.’ This is designed for the underwater monied to keep them from walking out on those high dollar loans!
Until we, the middle class and growing poverty level, revolt in this country and support civil disobedience in masses, we will see nothing change and in a way we deserve no better if we are nothing but sheeple!
Nothing to see here. Might as well move on.
You are 100% right TTT. Skipping the deadbeats and greasing the palms, or should I say loan balances, of those they wish to keep in their higher priced homes. They have betrayed those of whom have made them rich. And make no mistake, they are not done taking and even what they continue to take now will not be enough for them. Pure nauseating gluttony at its finest.
Can anyone answer me as to why we should have expected anything better? All of our politicians are bought and paid for. They have trashed the rule of law and have sold us out for a mere $26 billion. Will Americans get upset? Please! You must believe in the easter bunny if you think they’re going to awaken from their television induced stupor. It’s all about power, not right nor left, democrat or republican. those that have it will keep it and the rest of us can eat cake.