“Why should homeowners take responsibility for the screw-ups of the financial geniuses on Wall Street and the screw-ups of those who did their closings?” — Neil Garfield
Op-Ed Columnist NY Times
Too Good to Check
By THOMAS L. FRIEDMAN
Published: November 16, 2010
“A lie can travel halfway around the world while the truth is putting on its shoes.”—TWAIN
… there is an antidote to malicious journalism — and that’s good journalism. — FRIEDMAN
EDITOR’S NOTE:
HERE IS THE LIE: (THE LIVING LIES THAT WENT ALL AROUND NOT HALF WAY): The financial crisis is only partially related to the housing meltdown and to unemployment. The fundamentals are too complicated for the average person to understand. It’s more complicated than just doing justice. The homeowners should shoulder most of the blame — they knew they couldn’t make the payments.
HERE IS THE TRUTH:
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The financial crisis is ALL about the housing meltdown.
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If Wall Street had not flooded main street with an overabundance of money and provided ridiculous incentives that would tempt even an honest person to lie, the financial sector would still be back down at 16% of our GDP, capital would have been available for new business, business expansion and people would still have jobs where they could actually pay for things.
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The excesses of other debt would still have taken its toll, but without the housing crisis Wall Street would not have “made” trillions, the bonuses would not have been there, the ridiculous inflation of “Appraised values” would never have occurred nor would the alleged “drop” in values to what they always were have been a problem. Nothing is more complicated than doing justice — that’s the American way.
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Homeowners did not create this mess, they did not mess up the obligations, notes, receivables, mortgages and deeds of trust, with artificial entities instead of the real people involved. Homeowners did not do the closing. They just signed what was put in front of them like everyone else does at a real estate closing, assuming that the “bank” (pretender lender unknown to the borrower) would have reviewed every “i” and saw every “t” crossed when in reality the game was rigged, nobody was doing due diligence, nobody was “underwriting” the loans and the lies were spread all over the globe to sell phantom mortgage bonds and synthetic instruments on the backs of homeowners who were deceived to their detriment by the lie that the property was worth more than the loan and that the property would rise still further in value.
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: ANDERSON COOPER, Mark Twain, Ny Times, THOMAS FRIEDMAN |
aND IF ALREADY LOST YOUR HOME, DO IT FOR THOSE WHO ARE IN THE PIPELINE OF HORROR.
THIS MADNESS MUST STOP
Thank you always!
we proved today that if we act coherently, we can overcome the odds that were against us.
We need to to the same on the local level. I went to the Loudoun County Court House last week and went to the land records office to do a title search on my house and ten of my neighbors who are planning to file their actions to quiet their title, (their homes are in excess of $1,000,000 each, by the way and the got it as soon as I explained the issues some weeks ago, I told the to do their own research, gave them a few websites to look for that info, Livinglies included, of course). I asked the clerk on duty if all the assignments of any note and mortgage needed to be on the public records and the poor clerk told me he had no idea and did not know the statutes relating to that issue. I also asked him if it was appropriate for our land records office to outsource without payment the recording or lack thereof of the assignments to an obscure computer software or database and have those records vulnerable to electronic fraud, manipulation and all done away from the direct supervision of the Loudoun County Court house, our land records office and the County Government, he responded saying he had no idea that was going on, so I mentioned if he had been recording mortgages in the name of an entity by the name of MERS and he said that he had done so, but he did not know who they were.
I told him that our county is losing money and that the fees were being evaded by the use of this entity and explained what that entity is all about. He was surprised and upset, I offered to do some free training, he asked me to send a formal letter offering the free info to the land records office which I will send by the end of this week.
I mention this because after our efforts these last two days calling, writing, visiting our congress and senate representatives, we must realize that together we can make a real difference. When we get together the other side trembles, that is why they are trying to do every thing under the sun to keep our voices from being heard.\
We must not stop raising our voices, let us push our state AG’s to do what is right and not settle with the crooks. we need them to do their jobs and to lay the ground work for ur to fight our fights. We need to write to the chief judges in all our states and let them know we are watching their every move and decision, that we are looking for the rule of law to return to America.
we need to start moving in the direction of our local legislatures, state legislatures, city and county councils. we need to make them aware and to educate them as to what has really been happening.
How about taping our phone calls to the servicers and give copies to our AG;s so they see how we are being treated by those debt collectors?, just make sure you comply with your state laws. What is good for the goose is good for the gander!!
WE ALL CAN MAKE A DIFFERENCE!!
WE ARE THE REAL CHANGE!
MAKE SURE YOU KEEP CALLING YOUR REPUBLICAN REPRESENTATIVES AND START CALLING TO THEIR ATTENTION THAT WE ARE GOING TO TRACK THEIR VOTES AND THEIR RECORD AND THAT WE WILL NOT FORGET WHAT HAPPENED TODAY WITH h.r.3808.
Foreclosure Fraud Assault – A Cry For Help
by Alan Gray
http://newsblaze.com/story/20101116120222nnnn.nb/topstory.html
. ..foreclosure that entails savagery, fraud, corruption, greed, intrusion, peril, trauma, desolation, shocking deviation from established law and court rules and procedures, and reprisals for whistleblowing and for not
relinquishing one’s home to sham foreclosure is a riveting story worth being told.
* * *
Following years of prompt mortgage payments, upon
falling behind, the homeowner (the victim) contacted the mortgage “servicer,” Wells Fargo Mortgage to discuss options. Wells Fargo insisted upon the victim signing “loan modification” documents and sending in a money order to Wells Fargo in order to keep the home.
* * *
Wells Fargo turned over the modified loan debt to a foreclosure mill debt collection lawyer who used a defunct lender’s identity to foreclose, as well as demand unfair fees. At some point after foreclosure had been filed, the victim discovered that the modification consisted of a contract between the homeowner and a fictitious lender.
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Along various stages of foreclosing on the victim’s home, lawyers, sheriffs and judges enabled collection of the debt that was created by Wells Fargo’s fraudulent loan modification.
* * *
. . . the manner in which the victim believes the home was acquired for the foreclosure lawyer through a straw buyer at the collection lawyer’s fake auction. . .
Thanks Neil!
We all are the shoes for spreading the truth. I think if we work hard we can outrun them.
Let’s distribute bank-fraud fliers at the political parties, alert our neighbors. Infect the Tea Parties. Infect gun shows, religious & social groups. Blog. Network. We are the New media.
You ain’t taking my country until you pry it from my cold dead hands.
D I T T O
I’m sending this to all my friends who don’t get it.
Thanks.
Thanks Neil… I was afraid the complicated more heinous truth was being denied! thanks AGAIN for putting US IN THE FIGHT!
We shouldn’t be taking the hit. Wall Street has offered us up as sacrifices to the God of greed.
Thank you for telling our truths, Neil. We are indebted to you.