24 Responses

  1. Gerald,

    jeff barnes is in Hawaii and definitely gets it: check his blog at foreclosuredefensenationwide.com

  2. Smallz,

    I LOVE that song “Beef”–a classic. I was thinking about it the other day. Very timely, or rather, timeless…

  3. WHAT’S BEEF? – Beef is not what Jay said to Nas…Beef is when the working folks can’t find Jobs… They tryin’ to find N**** to rob, tryin’ to find bigger guns so they can finish the job…Beef is when the crack babies can’t find moms cause they in pine box or locked behind bars…Beef aint the summer jam on Hot 97…Beef is the Cocaine and AIDS epidemic…Beef don’t come with a Radio-Edit…BEEF IS WHEN THE JUDGE IS CALLING YOU DEFENDANT…Beef is oil prices and geopolitics…Beef Iraq, The West Bank and The Gaza Strip…Some Beef is Big and Some Beef is Small but what ya’ll call Beef is not beef at all…Beef is real-life happening everyday…and its real-er than them songs that you gave to kay slay…this has been a real N**** PSA from MOS DEF pretty-flacko-black-dante and the Black-Star-Embassy B to the K. –MOS DEF

    Foreign Investors want to walk away from US Bonds for same reasons American home owners want to walk away from their mortgages – THERE IS NO HIDING THE FACT THAT THE CONTRACTS / INVESTMENTS ARE SUBSTANTIALLY WORTHLESS.

    If a growing number of American borrowers are free of paying mortgages because lenders can’t evidence their right to collect the debt – why would China and Russia continue to invest in the Bonds that represent them?

    Foreign Investors and American borrowers have the same bone to pick with the banking, financial and mortgage establishments; the fraudulent activity in the financial industry created a cloud separating borrower from investor by eviscerating any form of a “chain of title”. This created a smokescreen “cloud on title” that is conveniently obscuring the real value of troubled assets and large amount of red ink on the balance sheets of these insolvent financial institutions. Fortunately for astute homeowners, this fraudulent business model is the ticket to raise the issue of an overall lack standing on the part of what Living Lies has accurately described as “pretender lenders”.

    “AS ABOVE SO BELOW” – The reckless policies illustrated by the cheap fabrication of money by the worlds Economic Leader – The Federal Reserve Bank – is being mirrored in the foreclosure/housing market by pretender lenders fabricating “chain of title” – “out of thin air” – to represent real money – thereby impugning the integrity of County Recorders, State & Federal Courts and the entire legal system.

    Ultimately all forms of “money” – whether it’s a Federal Reserve note or Trustee’s Deed upon Sale – must based upon something REAL.

    Profit motive created pressure that fueled an abandonment of ethics by real estate appraisers and the Wall Street Rating agencies on. That pressure came from the high velocity of cheap money provided by Greenspan and Bernanke 0% interest rates that blew up a housing bubble that burst. And as it stands as a result of those policies, there is no chance for Americans to fulfill mortgage obligations without the ability to find a job.

    THE 5-POINT ECONOMIC DESTRUCTION TECHNIQUE

    (1) This is the result of over-valued mortgage contracts empowered by a 0% interest rate Federal Reserve;

    (2) Implicitly guaranteed by GSE’s (Fannie, Freddie, Ginnie and MERS)

    (3) Peddled to borrowers and investors through a web of speculative housing, real estate appraisers, Mortgage servicers, Mortgage Brokers, and the Main Street Commercial Banks working in collusive silence with Wall Street Investment Banks and Rating Agencies who collectively sold toxic assets to foreign investors under the guise of Triple A-rated “Sovereign Debt”;

    (4) Yet took out Credit Default Swap insurance against them;

    (5) All at the same time.

    Now, the U.S. Government, who (a) interfered with the housing market in the first place, has (b) bailed out the same Banks who (c) knowingly and willfully financed and sold “Triple A-Rated” mortgage securities backed up by “stated incomes” that were (d) implicitly guaranteed by out-of-control Government Sponsored Enterprises. This has been loose-loose for the Borrower and Investor and Win-Win for the Banks and governments who supported & rewarded these criminal economic policies.

    Formal slavery never ended – it just renegotiated its contract into the form of debt-slavery to take in everyone. The question is – what are borrowers and investors going to do about it?

    smallz
    e_small@comcast.net

  4. Need an Attorney in Hawaii who gets it. Is there an Attorney in Honolulu Hawaii who gets it?

  5. Linda,
    I’m in Mississippi. No lawyers around here have even heard of fighting a foreclosure. OK, that’s a bit hyperbolic, but still…

    I’d like to go pro se, but feel hamstrung for two reasons:

    1) my wife is adamantly opposed to pro se
    2) my current lawyer said that going pro se in federal court would be very tough; i’m sure he’s right to some degree, but i keep thinking “how hard could it really be…”

    The suit was not ongoing when the fraudulent foreclosure was attempted; we sued them when they attempted it. What state are you in? Has your case been removed to federal court?

  6. Zurenarh, I am fighting a foreclosure in a non-judicial as well as in judicial. What state are you in? Maybe someone on this website can recommend an attorney in that state!

    If you had an ongoing lawsuit when the fake foreclosure took place, you should be able to go to court with “due process of law” and ask for Discovery i.e. the proper documents, ( who funded the account, etc.)–Neil says to ask who the lender is–
    Hope this helps!

  7. Explicit Terms Don’t Make Agreements Binding: Court

    The Canadian Imperial Bank of Commerce is off the hook in a $45 million breach of contract suit brought against it in New York state court by a group of plaintiffs that accused the bank of reneging on loan agreements and a pact to refinance existing debts.

    X_http://financialservices.law360.com/Secure/ViewArticle.aspx?id=147773

    My subscription expired so I cannot read this – but if explicit terms don’t make an agreement binding … What does? Unfair and Deceptive business practices?

    Dan Edstrom
    dmedstrom@hotmail.com

  8. FTC Seeks More Leeway To Fight Financial Fraud

    Federal Trade Commission Chairman Jon Leibowitz asked members of the U.S. Senate on Thursday to streamline the agency’s rulemaking and enforcement authorities in order to help officials move more quickly to address and act on a swath of financial fraud complaints from consumers.

    X_http://financialservices.law360.com/Secure/ViewArticle.aspx?id=146557

    Dan Edstrom
    dmedstrom@hotmail.com

  9. State Street To Pay $300M To Settle Subprime Claims

    State Street Bank and Trust Co. has agreed to pay more than $300 million to settle claims by the U.S. Securities and Exchange Commission and the Massachusetts Attorney General’s Office that the investment manager misled investors about their exposure to subprime loans.

    X_http://financialservices.law360.com/Secure/ViewArticle.aspx?id=147728

    Dan Edstrom
    dmedstrom@hotmail.com

  10. Hey barofsky there won’t be reform UNTIL WE GET YOU AND EVERYONE IN THE ADMINISTRATION, CONGRESS AND THE JUDICIARY REPLACED. GET OUT YOU DID NOT DO YOUR JOB YOU ARE RESPONSABLE KICK ROCKS YOUR FIRED

  11. zurenarrh that is because the mortgage industry is like a pack of hienas who get together with their wolf (lawyer) buddies and prey on the weak. they use access to your credit report to find medical records, divorces, if your a single parent etc.. and exploit those facts by maliciously attacking you that is why it is called predatory lending. but the government ignores this unlawful pattern of practice because they often do it too and they need to be forcefully removed from office and beaten to death if they resist

  12. “Too Big To Fail…Who’s Going To Jail?”

    [youtube=http://www.youtube.com/watch?v=Af3V-uylY_Y&hl=en_US&fs=1&]

  13. 2/4/2010 – Keiser Report №14: Markets! Finance! Scandal!

    [youtube=http://www.youtube.com/watch?v=MPjMUg9bt_I&hl=en_US&fs=1&]

  14. MSNBC’s Dylan Ratigan – The Case Against Geithner – Show us the emails, Mr. Secretary

    [youtube=http://www.youtube.com/watch?v=tUkDkZkAuqs&hl=en_US&fs=1&]

  15. D.Ratigan is possibly one of the few or the only one in all the media I see ..that defends the American Middle Class from the Criminal Banksters .

    He had a show in the morning at 9:00 am ,
    and recently changed to the 04:00 pm .

    He exposes the Banksters and that’s a A+ for us.
    What if Neils Garfield was a guest to his show ..that would give Mr. Garfield the opportunity to drop the Mega Ton A-Bomb on all the Wall Street Banksters..

    ” Your home Mortgages [ 2000-2009 ] are already Paid for ” We the American people don;t owe the Banks anything.
    The mortgage loans were paid with all the credit default swaps..AIG., AmBac , etc..etc..

    In fact they should have shared the Billions of profit with us..the homeowner’s who gave them that promissory note so they could make Millions .

    Most Foreclosures were illegal and it’s all A Maximus Grand theft never seen before …..since mankind invented money.

    What a show ,that would make !!!.

    LF

  16. speaking of the banks. I am in litigation in California and filed against them all before the non judicial went to pass.
    I now have documents where they tried to get evidence into the record as a judicial notice. That is right Judicial notice. I have objected as suggest by Neil and others. For that I am grateful.

    http://www.scribd.com/doc/26388162/Davies-vs-Ndex-objection-to-Appendix-of-ONEWEST-AND-NDEX-WEST-LLC-FOR-JUDICIAL-NOTICE-OF-RECORDER-DOCUMENTS
    is another got you pro se tricks they use. The response is on scribe.

  17. EVEN HITLER GETS IT.

    WATCH YOUTUBE

  18. BANK OF AMERICA NEW SLOGAN = ARBEIT MACHT FREI

    GOVERNOR SHWARTZENEGER HAS THE CORRECT ACCENT FOR THE COMMERCIAL.

  19. Right on! Not only does he “get it,” he feels it. I’m feeling it, too.

    Here’s my little story…

    The bank forces me into default via an escrow deficiency implanted into the loan at closing which I did not catch. They wouldn’t let me make up the deficiency.

    They scheduled my foreclosure sale for ELEVEN MONTHS after they sent me a notice of “default.” I hadn’t sued them yet; what the hell were they waiting eleven months for? I believe it was to let my “delinquent amount” accrue. It was TEN MONTHS after my notice of “default” that they filed a fraudulent assignment of both the note and the deed of trust from MERS to my pretender lender.

    Being in a non-judicial state, I had to sue THEM to stop this madness. Having read this great site, I knew that if nothing else, that assignment was bogus. I contacted numerous lawyers who wouldn’t take on the case. The only one who did was a friend from college, but he had zero experience trying a case like this.

    He filed the case and got us a TRO; not really on the strength of our arguments but more because he had a good relationship with the judge. And the TRO was only for 10 days. But at least the foreclosure auction was stopped so my son could start kindergarten at the school a block away–the best public elementary school in town.

    The pretender lender removed the case to federal court; we challenged that with a motion for remand. The judge sat on the remand for THREE MONTHS. In hindsight, perhaps we should have been looking for a more experienced attorney or getting a bankruptcy case together during that time. At the time, though, we thought we had a good chance of winning the remand, especially since the pretender lender had made some procedural errors in its filings.

    But no, the judge granted the removal while acknowledging the procedural defects (pretender lender allowed to make corrections), so our case went from a projected cost of $10K over a year or more to a projected cost of $25K THIS YEAR just in our attorney’s fees. I have a bachelor’s degree in history and have never been paid $25K per year in any of the full-time jobs I have had (i.e., teacher, public radio program supervisor). I have a 6 year old son and my wife is currently 7 months pregnant–obviously, even though my wife makes a good salary, we don’t have any extra money to fight off this boa constrictor of a bank.

    But the bank? They got bailed out to the tune of tens of billions of dollars. They bought up other banks and investment firms just before they got bailed out. They can get zero percent interest loans from the Federal Reserve (which is neither federal nor in possession of any reserves),not to mention the $24 trillion TARP credit card. They pay their officers millions in bonuses. They’re “too big to fail,” don’tcha know…

    I guess I’m too little to succeed, then, because our attorney wants out of the case (couldn’t pay him what he’s asking anyway) and we can’t find one licensed in our state that will take on the case. Literally no attorneys here do this kind of thing. There’s only one attorney I know of that “gets it” and he does bankruptcy. And he’s not sure he can get our bankruptcy filed by the time we have to report to the federal court for our first conference.

    So then what happens? We lose the house and they get a deficiency judgment. They force me out of the house just as my son is being born.

    I’m sorry to go on for so long–it’s just that I had a little bit of hope while the remand was being examined and now it looks like our case will end in a dismissal with prejudice and foreclosure, all because the judge didn’t think it prejudiced me to allow the pretender lender to amend its pleadings. And now I’m just angry. Not that I wasn’t angry before–I was, but I had some hope. I was angrily hopeful…or hopefully angry. Now I’m just angry.

    And while it’s great that Ratigan “gets it” and is on national TV putting out that kind of info, even rightfully pointing out Obama’s lies, it doesn’t really help me. It doesn’t really change anything in the here and now. Maybe somewhere down the road–next year, five years, a decade.

    But then again, maybe I’m just exhausted…

  20. Quote from Thomas Jefferson …

    I am not requesting that this be counted toward my posts for the week but I feel it is on point to the issue of mortgages, banks and contracts …

    “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

    Thomas Jefferson, (Attributed)
    3rd president of US (1743 – 1826)

  21. could not avoid the “msnbc” link
    http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-the_dylan_ratigan_show#34866510

  22. Dan

    It’s NOT just you!!

  23. Don’t know if it is just me but the URL didn’t work:

    The URL contained a malformed video ID.

    Dan Edstrom
    dmedstrom@hotmail.com

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