Matt Taibbi: COURTS HELPING BANKS SCREW OVER HOMEOWNERS

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Matt Taibbi: COURTS HELPING BANKS SCREW OVER HOMEOWNERS | Rolling Stone Politics

The Real Reason America’s Cities and Towns Are Broke

The rocket docket wasn’t created to investigate any of that. It exists to launder the crime and bury the evidence by speeding thousands of fraudulent and predatory loans to the ends of their life cycles, so that the houses attached to them can be sold again with clean paperwork. The judges, in fact, openly admit that their primary mission is not justice but speed. One Jacksonville judge, the Honorable A.C. Soud, even told a local newspaper that his goal is to resolve 25 cases per hour. Given the way the system is rigged, that means His Honor could well be throwing one ass on the street every 2.4 minutes.

TAIBBI – SCREWING HOMEOWNERS AND THE REST OF THE COUNTRY
Source: rollingstone.com

THIS IS AN EXCELLENT EASY READ!

Mike Taibbi writes an insightful watershed piece which hopefully will bring this grave, growing, egregious injustice – experienced with unspeakable pain at the grassroots – to the Nation’s attention so that attorneys general, governors, legislators, the judiciary and the Obama administration CAN LOOK BACK and end this pernicious and spreading homeowners’ “Katrina” that is sure to severely damage this nation, the working and middle class, and its institutions for generations to come unless it is fully and finally addressed.

We are reminded of Thomas Jefferson’s on spot concern “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 them 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, Letter to Treasury Secretary Albert Gallatin (1802)

ALLAN

BeMoved@AOL.com

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By  Matt Taibbi
Nov 10, 2010 2:25 PM EST

The following is an article from the November 25, 2010 issue of Rolling Stone. This issue is available Friday on newsstands, as well online in Rolling Stone’s digital archive. Click here to subscribe.

The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This “rocket docket,” as it is called in town, is presided over by retired judges who seem to have no clue about the insanely complex financial instruments they are ruling on — securitized mortgages and laby­rinthine derivative deals of a type that didn’t even exist when most of them were active members of the bench. Their stated mission isn’t to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments. Selling lead as gold, shit as Chanel No. 5, was the essence of the booming international fraud scheme that created most all of these now-failing home mortgages.

The Real Reason America’s Cities and Towns Are Broke

The rocket docket wasn’t created to investigate any of that. It exists to launder the crime and bury the evidence by speeding thousands of fraudulent and predatory loans to the ends of their life cycles, so that the houses attached to them can be sold again with clean paperwork. The judges, in fact, openly admit that their primary mission is not justice but speed. One Jacksonville judge, the Honorable A.C. Soud, even told a local newspaper that his goal is to resolve 25 cases per hour. Given the way the system is rigged, that means His Honor could well be throwing one ass on the street every 2.4 minutes.

Exclusive Excerpt: America on Sale, From Matt Taibbi’s Griftopia

Foreclosure lawyers told me one other thing about the rocket docket. The hearings, they said, aren’t exactly public. “The judges might give you a hard time about watching,” one lawyer warned. “They’re not exactly anxious for people to know about this stuff.” Inwardly, I laughed at this — it sounded like typical activist paranoia. The notion that a judge would try to prevent any citizen, much less a member of the media, from watching an open civil hearing sounded ridiculous. Fucked-up as everyone knows the state of Florida is, it couldn’t be that bad. It isn’t Indonesia. Right?

16 Responses

  1. Whether it is fraudulent foreclosures or MERS the end results are the same, properties illegally taken from true owners.

    Five NY 1st dept Appellate Judges: David B Saxe, David Friedman, Karle Moskowitz, Helen E Freedman and Rosalyn H Richter and one NY Supreme Court Judge Alice Schlesinger are trying to give my two NYC condo to their friends holding forged deeds.These judges rather than preventing Title fraud are conspiring with Fidelity
    National Title and Coronet Title to perpetrate Title fraud.

    Astoria Federal S & L’s attorney already stated in NY Supreme “It’s indemnify, indemnify, indemnify” – We are stepping aside and the title companies are taking over.

    Title attorneys David K Fiveson of Coronet Title and Thomas Malone of Fidelity National Title show up at the second hearing and didn’t want to indemnify but wanted to be intervenors and be heard and what they told the court is time makes a forged deed good
    .
    the Title attorneys told the judge, we have equity and Justice Schlesinger’s ears perked up and she ruled against the law.

    I wrote a simple letter to Mr. Wm. Foley CEO of Fidelity National Title and their response indicating it’s proper for a title company to fight for a forged deed.

    I found a site where FNT lawsuts are listed. Astoria Federal S & L Successor-in-Interest to Fidelity NY FSB plaintiff vs. M Lane defendant and Fidelity National Title for Marchena and Coronet Title for F. Turner- Intervenor defendants is not listed. This is how they hide from their investors how they really operate. FNT sure talks out of both sides of their mouth. This is not what they told Bank of America.

    M Lane

  2. That was a great article. Makes me wanna buy Rolling Stone again. Taibbi clearly gets it–it was like he was telling MY story. More reporters need to visit the foreclosure courts; the more this crap is exposed the quicker it will end.

  3. Consider the narcissism that envelopes these judges. Do they actually believe that their viewpoint is so superior, their intellect so commanding…..that they’ll be making a sincere improvement upon society by their servitude in this hurried (il)legal mockery of justice? How could anyone of true moral rectitude do the kind of work we hear coming from these rocket docket judges? That’s an easy answer. It’s an impossibility.

    They are paid well by their handlers, the elite, who write their checks. Folks, sooner or later it’s going to hit home that these judges, these politicians, these bankers, are all working for the .01% that own us all.

    None of them ever really gain or achieve anything for us, now do they? They preach hope and change. They all claim they’ll right the wrongs. Dems and Repubs.

    They are simply saying what they need to say to get your vote. They are actually allowed into power by the ones who own the TV shows you watch, the movies you adore, the newspapers you read.

    WAKE UP WORLD! This whole system of usury, of banks creating debt in your name, of banks creating debt in your city, county, or state’s name, and now on the edge of usurping our entire planet’s financial system for their own private game….IT HAS TO STOP!

    We need to wake up and pull the plug on these mega banks. Until we do just that, we’re heading down the slippery slope to a complete and total collapse, one in which everything we hold dear will be lost. And soon.

    That black hole that Geithner, Paulson, and Bernanke looked into back when the SHTF, that was simply their world of usury, their world of deceipt and corruption lying on the edge of complete destruction. That is EXACTLY what our common purpose should be. The destruction of all of these banks that perp this fraud upon us. Only then will local communities be able to thrive and prosper, only then will people be able to look after each other and the planet.

    Death to Wall street. Die you scumsucking rat-bastards, die.

  4. “where and to who does the money the FED prints and pumps into the economy go after it’s been printed.”

    Goldman Sachs

  5. The A Man,
    On the subject of cash, where and to who does the money the FED prints and pumps into the economy go after it’s been printed.

  6. ANONYMOUS,
    of course it’s pensions/investments
    Judges are bribed with more than just money, ie stocks, corporate shares, political favors, blackmail etc…

    Neva,
    of course there is a conflict of interest
    My house was fraudulently sold for $0 LOOK I’m not BSing > http://www.scribd.com/doc/32577713 at page 2 and 3. And what did the California Superior Court judge say about that when I showed that and that it says nothing was owed on the trustee’s deed to him, he said: “oh that doesn’t matter”. So obviously there’s a conflict of interest/double standard, because they throw a fit when the homeowner who’s been paying on the house for over 20 years lawfully remediates the debt and security as void getting the house free and clear. But have absolutely no problem with the white collar criminal public/private partnerships their pension funds hired walking into court and stating in the public record they paid nothing and want the house for free.

    We must think about this realistically. One of the main reasons why judges, banks, politicians, media etc.. are just so willing to outright slaghter us, is they aren’t playing by any set of rules or moral guidlines, but we still are. And as long as the latter doesn’t change, then neither will the former.

  7. Linda I think you are correct. Who can buy real estate with mass amounts of cash?

  8. The judges are doing this, because they get paid and want to make their jobs as easy as possible. Also, there could be cases of bribery. I am sure no one reading this blog thinks that can be ruled out. I have seen in a court (I will not say where) that certain people who bid at the court are in collusion with each other to obtain the “best” houses at the cheapest price. I have seen attorneys who are involved in buying houses at foreclosure. Perhaps, there is a conflict of interest??? http://www.challengingforeclosure.com Sirak@challengingforeclosure.com

  9. Anonymous you ask why? Because they are Sociopaths.
    Just like Mass Murderers. They are far worse.

    The 9/11 site should become the site where we execute these judges. I vote for a Guillotine. It is a match because it is close to the Statue of LIberty (the French gave us the statue).

  10. This has been my gut feeling all along…MONEY LAUNDERING

    I’ve just never seen it written on paper before.
    “Capitalism” on crack.
    It is clothed in various guises from the benches to the banks.

    Thanks for getting the word out.

  11. ANONYMOUS,
    You have been spot-on since day one … You have posted quite a bit with regards to obtaining the remittance/collection ledgers. You’ve stated “Need the trustee ledgers – and custodial documents … The only potential parties that may be able to demand these documents are the AGs”.
    We have our foot in the door with our State AG/DOJ. We need to funnel the right information at the right time. PLEASE CONTACT ME at MrsDiamond@msn.com.

  12. The Judges must be taken to the Hague and be tried in international courts. Just like Milosovic. I wish we could treat them like Mousolini or Chaochesco (Romanian leader) and hang them and hang their bodies on a bridge so everybody could see them.

  13. These judges must be tried for treason. They commited crimes much worse than 9/11. They make osama bin laden look like a boy scout.

  14. Why are the judges doing this?? What is their motivation? Understand pensions/investments may be a factor – but there has to be more. How could judges – who take oath for justice- be doing what they are doing?? Discovery is blocked – and borrowers are “convicted” without being heard.

    Why is this happening?? It is not just Florida – it is happening across the country.

  15. Why can’t anything be done about this Judge? Why is AC Soud allowed to do what he is doing?

  16. ROBO JUDGES THIS IS WHAT THEY ARE, THEY SIGN OFF NOT EVEN KNOWING WHAT THEY ARE DOING OR DO NOT CARE, IN THE END WHEN THEY FORECLOSE ON THEIR WHOLE TOWN THEY WILL GET IT.

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