Crisis Through Fraud and Crimes At The Highest Levels

The Foreclosing Plaintiffs Created The Crisis Through Fraud and Crimes At The Highest Levels Today, June 19, 2010, 2 hours ago | Matthew D. Weidner, Esq.

The foreclosure crisis that continues to grip our courts in 2010 and that will only get worse in years to come all began in 2005, 2006, 2007, when the mortgage industry and Wall Street colluded with each other to engineer the largest financial fraud in modern history.  The facts are simple.  Wall Street Wizards figured out a way to monetize then trade billions of dollars in wealth when they figured out how to convert mortgages into currency.  Dollars and stocks were regulated, but because mortgages were new currency, they were totally unregulated, unsupervised and completely subject to manipulation.

The biggest players on Wall Street, JP Morgan, Bear Stearns, Chase…they all got together to create larger pools of mortgage backed securities that they sold to investors nationally and abroad.  THEY COMMITTED MASSIVE FRAUD UPON THESE INVESTORS BY LYING ABOUT THE FUNDAMENTALS OF THE COLLATERAL IN THOSE SECURITIES.

The loan originators at Countrywide, New Century, Argent and most of the other subprime players were submitting loans that contained false information from top to bottom.  The appraised value of the homes were all lies, credit scores were all lies, income and employment….all lies.

THE WALL STREET WIZARDS KNEW THE INFORMATION CONTAINED IN THE LOAN FILES WERE LIES.…but they didn’t care because they hired credit rating agencies to lie to the end purchasers (institutional investors).

And now all these players that were lying and committing fraud from the inception of all these deals come into our courts of equity seeking redress from our local circuit courts.  A fundamental concept of courts of equity is those seeking affirmative relief from courts must come into court with clean hands…they must be innocents in the matter for which they seek relief…..and the players seeking relief in courts across this state and indeed across the country are far from innocent.

THEY ARE THE ARCHITECTS OF THE FRAUD THEY CREATED

THROUGH FRAUD, MISREPRESENTATION AND POTENTIALLY CRIMINAL ACTS THEY SET UP THE FORECLOSURE CRISIS CHOKING OUR COURTROOMS ACROSS THE COUNTRY

7 Responses

  1. Would you like to see the Florida Bankers Association, admission?

    “In actual practice, confusion over who owns and holds the note stems less from the fact that the note may have been transferred multiple times than it does from the form in which the note is transferred.”

    It is located on scribd.com/alviec

  2. So the bankers are” too big” to go to jail I see and it will be the ” low hanging fruit” as in the attorneys for and the trustees for that will be scaoegoated and go to jail the likes of goldman can just go to their island in the sun and be untouchable. God I wish there wa real justice. Guess they’ll get theirs in another life perhaps all we can do is we can do and I intend to do what I can there I’d so much at stake here let’s not sell our children and their children down the river I personally have worked far too hard in my life to settle for that

  3. THE JUDGE OR HIS/HER STAFF SHOULD REMOVE HIMSELF/HERSELF FROM THIS CASE IF HE/SHE HAS RECEIVED A LOAN, CONTRIBUTIONS OR DONE ANY BUSINESS, OR ARE RELATED TO ANYONE WHO WORKS WITH BANK OF AMERICA, COUNTRYWIDE, US BANK OR WELLS FARGO OR ANY OF THEIR AFFILIATES.

    ESPECIALLY IF JUDGES OR HIS STAFF RECEIVES IOU’S (IN THE PAST 25 YEARS) FROM BANK OF AMERICA OR ITS AFFILIATES. PENSION PLAN AFFECTED ETC….

    If these are the minimum requirements to go on a Game Show

    You are not eligible to be a contestant on Wheel of Fortune if you work for, or are related to, anyone who works for Sony Pictures Entertainment Inc., Sony Pictures Television Inc., Sony Pictures Television International, Quadra Productions, Inc., CBS Television Distribution Group, game show prize suppliers, or any TV station (including its advertisers and affiliated radio stations), or networks broadcasting Wheel of Fortune or Jeopardy!.

    GOD BLESS AMERICA
    WE NEED ALL THE HELP WE CAN GET

    FROM GOD MOSES JESUS MUHAMED BUDDHA THE GREEK GODS THE ROMAN GODS EVEN THE PHAROAHS.

  4. Nothing but a cover up in which the government participates.

  5. Why are these Banks/Mortgage Servicers not under investigation, by the SEC and others, if the average joe did this he would be in jail.

  6. So true, i can’t prove the appraisal fraud yet, i knew it took 3 of them to get the loan, but never saw any of the paperwork, but i can prove the income fraud, as i got a copy of the income verification form they used for my loan, and it shows they stole over 10k from me and then lied about all the other numbers. I can’t wait to go to court with that!

  7. So true, and an obvious, though seldom-made point–mortgages, and every other type of debt, as currency. This is the entire scheme and the entire problem. Why in the hell should my or your signature on a piece of white copy paper enslave me and you in debt while that same signature becomes vast profit to all the middlemen?

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