“Occupied Wall Street Journal” Starts Printing the Truth

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EDITOR’S NOTE: The movement now has a professionally produced newspaper worthy of readers who are hungry for the real news. The name, probably temporary, is the Occupy Wall Street Journal. In addition to live streaming video, daily newsworthy events as politicians try to tap into the energy of the movement before they get swallowed by it, they now have a bona fide newspaper.

But there is another story here that is interesting. News travels around the OWLS by story-telling. There is no public address system and the numbers are swelling beyond the point where even the loudest speakers could reach — especially when you consider the fact that Occupy Wall Street has spawned the same action in many major cities across the country — just as it has happened in Europe and the Middle East. Things are changing. But the communication is personal – one on one. When someone makes a speech in one part it is repeated by someone down the line for others to hear and so it goes in a personal voice chain until the last person in the most outer reaches of the crowd gets to hear what was said.

This is personal and it is important. And the protesters are not just homeowners trying to hang onto their homes. It is mostly people who have been angry as hell since the bailout because we never got any straight answers about why it was really necessary. The real reason, it turns out, is that the banks stole the money and wouldn’t give it back. But the government, taking its information from the banks (go to the maker of the crime, after all, they know the most and they wouldn’t lie would they?) was stirred into panic all too easily.

It wasn’t real panic. It was an excuse to give the banks and big business one more shot at the public trough, where taxpayers have had their hard-earned money sucked out of them, only to see it redistributed into the pockets of people who were already too rich by any standards and who were paying next to nothing in taxes. While one could conceivably offer some slack to Obama and his administration as not being economists and not having all the information they needed at the time, and maybe you could even make a similar argument for the Bush administration that initiated the bailout, it is different now. Everybody knows.

It is the current reality that protesters want addressed in addition to holding those who produced this mess accountable for every penny they received. This includes but is far from limited to the the money that was paid on account of “obligations” created when feckless homeowners signed mortgage papers that were in reality part of a larger scheme to issue bogus securities — mortgage bonds backed by nothing.

In a clever irony Wall Street ,managed to pull off this feat by not revealing to borrowers that their signature was part of a larger scheme in which Wall Street was making a LOT of money that was undisclosed, contrary to the requirements of existing law. Now, in foreclosure, they are successful at limiting the court’s inquiry to small piece of the total securitization scheme that includes only the part where the borrower signed mortgage papers.

This is why the burden has shifted unfairly to borrowers to explain the unexplainable to Judges. This is why borrowers need to got through the time and expense of mastering securitization and contract law, property law, and predatory and deceptive lending; and it is why they need the kind of title analysis and securitization analysis and forensic analysis offered through this blog and by hundreds of other services.

The COMBO is not fairly something that the borrower should be required to produce. In due process, it is up to the the party seeking affirmative relief (like a foreclosure sale) to allege the elements of a bona fide cause of action and then prove it. The only reason why millions of homes have been “foreclosed) most vulnerable to being set aside if the homeowner is so inclined) is that the Courts listened to the bankers instead of the real news and failed to follow the law of evidence, and the laws of civil procedure where the burden of proof is and should be squarely on the banker that seeks to own someone else’s home.

Right now it is still up to the borrowers to shoulder the burden of proof of an elaborate scheme they had no part in creating and no basis for understanding. The whole paradigm shifts when Banks are forced to plead and actually prove their case with competent evidence — the whole case, that is, including the money they received from investors and the money they received when they bet against the bonds and mortgages. And when the Banks are forced on a larger scale to account for the entire scheme, the taxpayers, homeowners and job-seekers and the rest of the people who depend upon them will get the relief they deserve. Everyone is entitled to know the truth about where the money is, where it came from and how it was allocated.

People are angry because they know they are broke and they know who did it to them. Median income has dropped more since the recession was declared “over” than it dropped during the recession. Any person on the street knows what the government is just now grudgingly admitting — we have an emergency on our hands, the recession was never “over” and the prospects for recovery are nonexistent unless and until we start telling the truth to each other and dealing with reality.

I can tell you when this crisis will be over. It will be done when we stop treating victims as perpetrators and stop treating perpetrators as “businessmen” who are merely successful at pursuing the American dream. If the American dream was alive we wouldn’t have the disparity of 1% of the country controlling virtually all the wealth, directly or indirectly while the other 99% are forced to stand idle, not working, even though they are trained or willing to be trained for the new jobs of the 21st century. It will be over when we stop calling theft “profits” and when we stop calling those who call for return of ill-gotten gains “redistribution of wealth” or “socialism.”

When a purse snatcher has the purse seized by law enforcement and returned to its rightful owner that is not redistribution of wealth. The purse wasn’t his to begin with. There was no wealth to distribute, just value returned to its owner.

October 9, 2011

A Protest’s Ink-Stained Fingers

By

At the Occupy Wall Street demonstration in Zuccotti Park, you’ll find all of the essentials of a state-of-the-art protest: drum circles, cheeky and plaintive handwritten signs, and, next to a thrumming generator, a hub of social media activity, including live streaming of the proceedings.

But amid the accouterments of modern political action, you will also find, of all things, a broadsheet newspaper, The Occupied Wall Street Journal. It is not some tatty, hand-drawn piece of protest samizdat, but a professionally produced, four-color, four-page document of the demonstration, which began on Sept. 17.

“Get your newspaper, get your free Occupied Wall Street Journal!” shouted one barker. Getting something in the hands of your average New Yorker is a pretty tough sell, but The Occupied Wall Street Journal was eagerly received, even by the people who just came to gawk, in part because it answered the question of what all the hubbub was about.

Forgive an old newspaper hack a moment of sentimentality, but it is somehow reassuring that a newspaper still has traction in an environment preoccupied by social media. It makes sense when you think about it: newspapers convey a sense of place, of actually being there, that digital media can’t. When is the last time somebody handed you a Web site?

“The act of one person giving another person a newspaper is important,” said Arun Gupta, one of dozens of people who helped put together The Occupied Wall Street Journal. “We wanted to come up with something that was beautifully designed and well-written that gives a tangible form to what is under way.” A call for the financing of the pop-up, instant newspaper went out on Kickstarter.com at the end of last month. An ad hoc group set out to raise $12,000 and has now surpassed $75,000. The initial print run of 50,000 was augmented with an extra 20,000 copies as the money rolled in, with promotional assists from Michael Moore, Andy Bichlbaum of the performance artists the Yes Men, and others. Mr. Gupta edited the newspaper, along with Michael Levitin, a former Associated Press journalist, and Jed Brandt, a writer and activist, was the lead designer. Dozens of other people pitched in. A second issue hit the streets on Saturday, along with a Spanish edition of the first issue.

Mr. Gupta is a longtime newspaperman, having published The Indypendent, a free, left-leaning newspaper that circulates to 20,000 readers in print and online, primarily in New York, 16 times a year.

The Occupied Wall Street Journal is not the “official” newspaper of the protest because nothing is official in the world of Occupy Wall Street. Mr. Gupta said that consensus was the core principle governing the protest, but something more entrepreneurial was required to get an actual newspaper out.

Although the sentiment and some of the informational anarchy of the event is reflected in the newspaper, it is produced by experienced, if far from objective, journalists. (You can get a PDF of the newspaper at bit.ly/qi05ls.) “We didn’t think there would be much in the way of coverage of the event, so we thought it was important that there be a media outlet that reflected what was under way,” Mr. Gupta said. “A newspaper is tactile, engages all of the senses, and leads to more immersive reading than what people might do online.”

While some of the recipients of the paper clearly saw it as little more than a souvenir, an artifact that demonstrates that they were present, many others opened up the paper and were reading it when I visited on Thursday.

Katie Trainer, who came from Lebanon, Pa., asked for a newspaper and suddenly found herself drafted to circulate some copies.

“This provides people information about a historic event,” she said. “It is a professional document, not just a sign.”

Christopher Guerra, working an informational table at the protest, is a fan of the newspaper, and newspapers in general.

“A Web site will come and go, but this could be here 100 years from now if the mold doesn’t get to it,” he said, holding a copy. “People say that newspapers are dying, but there is something about its physical properties, the fact that when you hold it in your hands, you end up with ink on them, that serves as a reminder that this all is real.”

Handsome as it is, no one is going to mistake The Occupied Wall Street Journal for its namesake — “the name just seemed like a natural,” Mr. Gupta said. (A spokeswoman at The Wall Street Journal declined to comment on the appropriation of the newspaper’s name.)

In the lead piece, Mr. Gupta writes, “For over two weeks, in the great cathedral of capitalism, the dispossessed have liberated territory from the financial overlords and their police army.” Not the kind of sentence you will see Peggy Noonan writing anytime soon, though Mr. Gupta said an artist who had done a stipple drawing for the real Wall Street Journal, had also contributed an illustration for the back page.

But the newspaper is not just a broadsheet version of “Anarchist Basics” either. There is a well-designed timeline of recent protests dating to the Arab Spring and continuing through the demonstrations in Wisconsin and protests in Europe. The first issue also included a charming photo essay on protest signs and the people who carry them, along with a call to action from Chris Hedges, a former reporter for The New York Times.

The writing can be flowery and the rhetoric a bit crunchy, but a piece titled “Occupations for Dummies” offered a carefully constructed document about how the protest came together (the group AdBusters put out the word in July); the limits and power of a leaderless movement (“really hard, frustrating and slow”); and the lack of a central demand.

Print and protest are frequent fellow travelers. It’s worth pointing out that at the beginning of the Arab Spring, the protesters in Tahrir Square in Cairo also produced a newspaper called Liberation Square.

Jeremi Suri, a professor of history and public policy at the University of Texas at Austin, said that newspapers would continue to play a durable role in social movements.

“In a newspaper is an element of analysis that you don’t get in a sign or a pamphlet,” he said. “In both the ’20s and ’30s, and during the protests of the ’60s, underground newspapers played an important role in bringing people together to create something in common.”

The rest of us in the media have had trouble catching up with Occupy Wall Street, in part because it refuses to live in a pigeon hole. Like all nascent social movements involving myriad interest groups, there are inchoate, atavistic impulses at work. So, are they the anti-Tea Party, the old guard lefties in new clothing, or just disenfranchised Americans engaging in some new form of pushback?

Rather than a neat list of demands, the group tends to ask questions. Then again, who among us has not wondered if the capitalistic fundamentals of choices and consequences were suspended in order to bail out Wall Street banking firms?

The country is just coming to grips with an episode in which some financial institutions, through fecklessness and greed, all but tipped over the American economy, and the arrival of the occupiers in the financial district presents a complicated subject.

Media coverage has tended to focus on civil disobedience because that is where the action is. Much was made of the thrust and parry between the protesters and police, most recently on Wednesday night, in which an attempt by some protesters to march down Wall Street was met with pepper spray and 23 arrests.

That melee was at distant remove by Thursday in Zuccotti Park. There were people taking naps, and occasional chants sprung up, while some of the police officers and protesters talked along the periphery. One of the cops took a proffered copy of The Occupied Wall Street Journal.

“What’s the harm?” he said. He opened the broadsheet to its full dimensions, and added: “I’ll give them one thing. It’s a pretty good-looking paper.”

E-mail: carr@nytimes.com;

Twitter.com/carr2n

33 Responses

  1. Having watched all the news about this movement of the masses about the banking in the US and around the world let me add my 5 cents to it

    WHAT DO THE BANKS NEED

    FIRST, THEY NEED OUR MONEY
    SECOND, THEY NEED OUR PENSION FUNDS
    THIRDLY. THEY NEED OUR MORTGAGE MONEY

    THEY NEED OUR CREDIT CARD PAYMENTS

    SO WHY NOT DENY THAT THEY NEED THE MOST TO DO THEIR DIRTY BUSINESS.

    LET US ALL CLOSE OUR BANK ACCOUNTS
    MAKE THE GOVERNMENT OPEN A DECENT AND HONEST BANK
    LETS DEMAND THAT OUR UNIONS CLOSE AND TAKE THE FUNDS OUT OF OUR PENSION OUT OF WALL STREET
    .LETS ALL WILLINGLY DEFAULT IN OUR MORTGAGES AND MAKE THEM ALL PRODUCE OUR ORIGINAL DOCUMENTS SIGN BY US WHEN WE GOT THE MORTGAGE. MAKE HEM TAKE US TO COURT

  2. http://www.huffingtonpost.com/suze-orman/occupy-wall-street-approv_b_1005128.html

    by Suze Orman Host, “The Suze Orman Show”

    “Occupy Wall Street”: Approved!

    “…In the space of less than a month, the Occupy Wall Street movement has gained national notoriety. A new poll out Monday shows that more than half of Americans are aware of the grass-roots campaign pushing back at the outsize profits, bailouts, and influence of the financial sector. That quick rise has plenty of special interests so worried they have resorted to a pathetic yet popular tact: When you feel threatened, work overtime to marginalize the threat before it establishes traction.

    Me? I want to publicly say thank you to the Occupy Wall Street movement. Thank you for not accepting the status quo. Thank you for not assuming there is nothing to be done. Thank you for rattling the cages. Much coverage of Occupy Wall Street has cast this as the beginning of something new. That’s only partly true. What I find so encouraging is that Occupy Wall Street’s more important message is that this marks an end point. An end to just shrugging and putting up with the inequity. An end to patiently waiting for government to get its act together and take steps to reduce the pain felt by millions of Americans who are unemployed, the millions more who are underemployed, and the millions more again who worry that if we indeed slip into a double dip recession they will soon become unemployed. An end to letting Washington just continue further down its dysfunctional dark hole without being called out.

    To deride the movement because it has yet to formulate a well-delineated platform says plenty more about the critics than the protestors. Revolutions tend to be messy, especially in the early going. The unholy alliance of much of Congress, K Street and Wall Street that has set the agenda from day one of the financial crisis is simply trying to protect its turf by casting aspersions on the ad hoc nature of the movement to date. I suppose I shouldn’t expect anything less. After all, there’s no way they could stage a substantive rebuttal based on facts. It is a real shame that the progress that Congress made last year in passing consumer financial reforms are now being blocked by these same interests.

    The recent New York Times’ report that inflation-adjusted median household income declined 7.6% from June 2009 to June 2011 has garnered much attention. While plenty bad enough, that income drop is really just an emphatic exclamation point to disturbing long-term trend. Adjusted for inflation, median household income has gone no where since the late 1990s. So much for shared prosperity.

    As we all know to make up for the lack of income gains, American households borrowed plenty in the ’90s and all the way up to the financial crisis. Yet the response to date has been to bail out the banks but offer virtually nothing to overextended homeowners who are hopelessly underwater on homes. Yes, I am well aware of the various federal housing assistance programs that were launched in the wake of the crisis. But they have been failures. And why is that? Well, our federal government thought it would work to craft programs that offered some small incentives to banks to modify mortgages, and then ask the banks if they would like to participate. It was entirely optional! And we’re supposed to be surprised that three years in, banks — after having happily accepting the bailout money — weren’t exactly eager to participate? Please.

    And in my opinion there is no greater example of Washington politicians and K Street lobbyists working against our future prosperity than in the treatment of student loan debt. To be clear, this problem existed even before the crisis; families have been taking on crushing debt to help the kids get ahead for a few decades, as the cost of school has far outpaced inflation. It’s just come to a painful head now: graduates with no jobs, or low paying jobs are justifiably panicked that they will never be able to get the loans paid off. Meanwhile, many well-meaning parents who only wanted to help their kids by taking out loans for college, are now laid off, or in new jobs that pay less. Yet where’s the relief for these borrowers, who took out loans so their kids could compete in the workplace, or better yet, we collectively could compete in the global marketplace? Far from relief, here’s what we have: a bankruptcy system that does not allow student loans to be discharged. Many other debts can be discharged, but not student loans. Look, we want a society where everyone strives to repay their debts. That’s clear. But to single out education loans as the one type of debt that our system specifically prohibits from standard bankruptcy is flat-out wrong. We bail out the banks, but offer nothing to American families that borrowed to become more educated and competitive?

    And more recently we now have the big bank-fee dust-up. Financial reform post-crisis has reduced banks’ ability to collect as much fee income. So some banks have responded by announcing plans to roll out new fees to make up for the new restrictions on what they can charge for the old fees. Let’s be clear, this isn’t a matter of the banks being able to make payroll. What’s at stake is the magnitude of their profits. They are piling on new fees to keep their outsize profits up. Sure, that’s absolutely fair play in a capitalistic society. But I don’t think this country was built on the fee income that gouged the little guy. Banks used to rely more on income from lending money to qualified borrowers, be it businesses or individuals. Today, the financial system seems less interested in being an intermediary in financing a growing economy and more interested in collecting fees that have absolutely no connection to participating in economic expansion. Is that really how low we’re going to let the target be set? Occupy Wall Street is issuing an emphatic no. To that, I give a heartfelt, “Approved!”

  3. @ fight4it

    Don’t forget to plead your injury or you do not have a claim.

  4. One of the most glaring problems with the supporters of Occupy Wall Street and its copycat successors is that they suffer from a woefully inadequate understanding of the capitalist social formation — its dynamics, its (spatial) globality, its (temporal) modernity. They equate anti-capitalism with simple anti-Americanism, and ignore the international basis of the capitalist world economy. To some extent, they have even reified its spatial metonym in the NYSE on Wall Street. Capitalism is an inherently global phenomenon; it does not admit of localization to any single nation, city, or financial district.

    Moreover, many of the more moderate protestors hold on to the erroneous belief that capitalism can be “controlled” or “corrected” through Keynesian-administrative measures: steeper taxes on the rich, more bureaucratic regulation and oversight of business practices, broader government social programs (welfare, Social Security), and projects of rebuilding infrastructure to create jobs. Moderate “progressives” dream of a return to the Clinton boom years, or better yet, a Rooseveltian new “New Deal.” All this amounts to petty reformism, which only serves to perpetuate the global capitalist order rather than to overcome it. They fail to see the same thing that the libertarians in the Tea Party are blind to: laissez-faire economics is not essential to capitalism. State-interventionist capitalism is just as capitalist as free-market capitalism.

    Nevertheless, though Occupy Wall Street and the Occupy [insert location here] in general still contains many problematic aspects, it nevertheless presents an opportunity for the Left to engage with some of the nascent anti-capitalist sentiment taking shape there. So far it has been successful in enlisting the support of a number of leftish celebrities, prominent unions, and young activists, and has received a lot of media coverage. Hopefully, the demonstrations will lead to a general radicalization of the participants’ politics, and a commitment to the longer-term project of social emancipation.

    To this end, I have written up a rather pointed Marxist analysis of the OWS movement so far that you might find interesting:

    “Reflections on Occupy Wall Street: What It Represents, Its Prospects, and Its Deficiencies”

    THE LEFT IS DEAD! LONG LIVE THE LEFT!

  5. Ah…..I love it!

    http://www.benandjerrys.com/activism/occupy-movement/

    ~Seeking

  6. tnharry,

    tell me what are your accounting books like?

    Are you solvent? do you have more cash on hand vs debts?

  7. omg, tn…it’s unsecured debt…POOF!

    And they did it to themselves…in their thirst for more…and more…and more…

  8. Neil, you had me nodding along until the end and the return of the stolen purse/redistribution of wealth analogy. How do you square the analogy up against a purchase money situation? Or even a refinance situation? Return the the status quo prior to the transaction would either be no house, or a house with the prior mortgage intact. What is the optimal result? Is this where the principal reduction/restructuring comes into play?

  9. Neil —

    Could not have said it better. I have been critical here — when I believe it calls for it. But, – you are right on with this post.

    Message must continue out there for the people who are willingly to rightfully fight for their (our) rights. Our praise to them — and we need them – and you..

    And, to those who negate — in the end — it will affect your investments.

    There can be no profitable investments — without the people. Leave them behind — you leave yourself behind.

  10. Do you have access to court filings in your county? Where I live, I can go into court filings and review complaints, answers and pleadings. If you can, try to find a couple of cases such as yours, pending or closed. Usually, you will find the supporting docs filed with the complaint. That should give you an idea whether you have enough and if the servicer answered, you’ll know what you will be faced with.

    I think it’s good that you follow your gut instinct: I consulted with several attys and retain one of them before I found my current one, I had a gut feeling that I didn’t listen to and I got screwed out of $3500 that I didn’t even have at the time!

    Let us know please how it pans out.

  11. Here’s a statue in AZ I’m going to use. I was planning to use this once they filed fradulently on the county recorder.

    Plaintiff should comply with A.R.S. § 12-1103 (b) which allows the sending of a letter twenty days prior to the initiation of the Quiet Title lawsuit. That letter should enclose a quitclaim deed to the real property and the sum of Five Dollars. The letter demands that the Defendant execute and return the Quit Claim Deed. If this twenty day letter is sent and the Defendant does not return the signed Quit Claim Deed, then the Plaintiff is protected from an award of costs in favor of the defendant and the Court may award the Plaintiff in addition to ordinary costs, some or all of the Plaintiff’s attorney’s fees should a lawsuit be needed to resolve the issue

    I have a consult with an attorney on Thurs. I already had a consult with one and didn’t get a good feeling. At the time however I had less evidence.

  12. Fight4it,

    As a fellow homeowner who was mentally tortured by my mortgage servicers for a few years, congratulations! You seem to have gathered some pretty good info and possibly enough to quiet title.

    As a prudent person, tnharry gave you some sound advice: you should try to consult an attorney if you can find one where you live, I would guard you against starting any legal action without knowing first if you have enough to prevail, the likelihood of your winning your quiet title action and the risks if you lose. Bank attorneys are vicious and won’t hesitate to claim attorney fees and court costs. So make sure you don’t expose yourself unnecessarily.

    Good luck! Let us know how it went.

  13. Hello,

    I sent a second letter to Aurora asking them if I could view the original wet note along with a check for $100 to cover shipping. I also stated they could contact me via phone and or email to coordinate a time to view the document. I stated that I would not consider communication to view the notes as a violation under the FDCPA and I would be willing to go to a place of their choice in the Phoenix Area.

    They sent me the check back stating they will not produce the note. I am on the verge of filing a quite title now. I am hoping to show that Auroras records are unreliable to get to discovery in my quiet title.

    My assumption is that they endorsed a copy of my note and made a copy of the endorsement. I do not think they can produce the original. I do not want to make them aware I have 2 different copies. I don’t think the left knows what the right is doing. Anyway, the allonge has no date. So who knows when they claim this to be endorsed to deutsche. This loan occurred in 2006.

    I’d like to show the judge I’m making an attempt to fix this and have to file quit title as a last resort. Why would Aurora not put this on the county recorder? It was supposdly assigned to Aurora in Dec 2010? It makes no sense.

    I’ve been trying to save money to go file but I think I’m to the point I have to start. My last thing is trying to find an expert witness I can get a sworn statement from.

    Anyway, thanks!

  14. I don’t want to hear who started it. Make yourself useful and go get our 16 trillions if you have nothing to do!

  15. He started it! 🙂

    Sorry if I hit a nerve tnharry. Do you two work at the same branch? Do you know him as tnpat?

  16. Boys, will you please stop bickering? We’re trying to organize here. Go play outside please!

  17. I asked you a question concerning the liability of an expert witness, not your opinions on OWS.

  18. @etolle – that’s a great story. not sure why you’re telling it since I haven’t spent any time either defending or supporting Pat. whatever fight you have with him is between the two of you. and if you would reread my comments, i attack the protestors. on the one hand, many complain that the mainstream media haven’t given enough coverage to the Occupy crowd. i’m saying this site has given too much.

    never mind that I think they’re largely misguided and misinformed. i’m sure there are many there that know why they protest, but the ones i’ve seen interviewed couldn’t articulate their reasons. never mind that some of them are being paid to protest, or that their efforts are currently being co-opted by the unions and politicians. the fact is – not a damn thing they are doing will help the 80 yr old lady down the street whose house is being foreclosed.

    this can be a political site if neil and the others want. hell, there’s really no moderation, so a few people could turn it into a Hello Kitty fan site by hijacking the comments section everyday. but it’s stated purpose is foreclosure defense and that’s lacking. hate me if you need to, but you can’t deny that

  19. Oh, and I forgot to mention that tntolle’s the senior partner with Virtuous Law LLC.

  20. no problem.

  21. Okie Dokie tnharry, rather than take the Soros bait, which is a laughable proposition, I’ll ask you a serious question having to do with a fictional character we’ll call Pat.

    Let’s say Pat hires out as an expert witness testifying on behalf of banks in foreclosure cases. The only problem is that he’s not really expert at anything, unless you want to include trolling internet boards complaining about the dysfunctional way in which borrowers fool the bank’s underwriters into forcing these institutions to lend them money at the detriment of these same bankers, causing them financial harm and collective industrywide mental anguish.

    Now Pat claims to have advanced knowledge concerning securitization. He opines from the witness chair about how the 424B5 clearly shows yada yada. After testifying for the debt collector parading as a creditor against the villainous pro se borrower who is obviously trying to pillage the bank, the judge winks and rules in favor of tnharry, a partner with Greedy and Associates who represent First Baroque Bank of Nashville.

    Fast forward. A year later the hapless borrower wanders into a real attorney by the name of tntolle. Tntolle files suit against the bank on new found evidence that the bank was indeed not the real creditor, and that the securitization information was therefore bogus. Tntolle also sues the so-called expert witness Pat for _______.

    Please fill in the blank/s.

  22. thank you carie. i almost forgot about all of that…

  23. Ok, tn—here you go:

    THE BANKING SYSTEM/WALL STREET IS FULLY CORRUPT AND DEFRAUDING US.

    ALL SUBPRIME FAKE “MORTGAGES” ARE UNSECURED DEBT.

    NO ACTUAL FUNDING…ONLY RECEIVABLES WERE SECURITIZED. COLLECTION RIGHTS SOLD OVER AND OVER—MASQUERADING AS AN ACTUAL “MORTGAGE”.

    WALL STREET KNEW THAT THIS FRAUD BUBBLE WITH HOUSING WOULD FAIL—THEY BET ON IT—COLLECTED INSURANCE—COLLECTED BAIL OUT MONEY—COLLECTED BONUSES—AND NOW HOARD THE MONEY.

    DO NOT PAY A DEBT COLLECTOR WHO FRAUDULENTLY MISREPRESENTS THE ACQUIRED “DEBT” AS BEING AN ACTUAL MORTGAGE.

    DO NOT LET A DEBT COLLECTOR/PRETENDER LENDER/OR FAKE “TRUSTEE” STEAL YOUR HOME.

    DEBT COLLECTORS HAVE NO STANDING TO ENFORCE A DEED ON A CHARGED OFF ASSET.

    AND…what tony said:

    “…You must understand banks don’t win because of the facts, they get you dismissed for failure to state a claim. You need to beat them on jurisdiction. Don’t even let them come in the court room with they owe us. Don’t let the judge even get to look at any facts outside of jurisdiction.
    The reason why people are winning is because of standing and real party in interest. Which means jurisdiction, use it I swear it will knock the socks off of them. Then when you beat them on these grounds it will be hard for them to ever come back at you because they lost on even entering the court to state a claim.
    Lawyers know this, stop getting beat because of twombly. Start winning because you wont allow then to get access to lie in the courts. Before any case can be heard the court must be shown it has jurisdiction, and if you dont question it, then it looks like you agreed they had it by consent.”

    And of course—it’s ALL related to the fact that the government is BOUGHT…that’s why we need to get money out of politics…because deregulation of the financial system was bought—and America collapsed because of it.

    GETMONEYOUT.COM

    please sign the petition…thank you.

  24. @fight4it – i don’t understand what you’re asking regarding “sufficient proof for discovery”. you don’t do discovery until there is litigation pending. if something is pending, then make some requests for production or requests for admission. if not, then maybe the docs you’ve been provided and their inconsistencies are enough for you to go the quiet title route. try to at least consult with an attorney even if you don’t or can’t hire one

  25. thank you leapfrog for your opinion. mine is just as valid as yours and is in fact further validated by @fight4it’s comment that begins by apologizing for posting a valid question as being “off topic”. call it an occupy wall street blog if that’s what it is to be, but some people seem to be seeking actual advice and it’s in short supply here all of a sudden…

  26. Bonus time!

    “Sixty-two percent of Wall Street workers said they’re expecting a bonus that’s in line with last year’s or higher, according to a survey from eFinancialCareers.com. And while still a firm majority, that’s down from last year, when 71 percent of survey respondents said they expected the same or higher bonus than what they received in 2009.”

    http://www.huffingtonpost.com/2011/10/10/wall-street-bonus-survey_n_1003641.html

  27. Hello everyone,

    Sorry to go off topic but I need some advice. I sent a QWR to Aurora Bank and A Debt Validation letter. I got a response from a law firm representing aurora.

    In my letters disputed Aurora’s claim to the note via assignment etc…As part of their proof they sent me a note endorsed from Residential Funding Company (RFC) , to Deutsche bank. Also, they sent an allonge even though the note itself was already stamped and endorsed to them? However, about 3 months earlier I asked for a note and they sent me a note that was endorsed in blank. Now they’ve given me 2 copies 1 endorsed in blank and one endorsed to Deutsche? Seriously.

    They also sent me “Corporate Assignment of Deed Trust” from my “original lender” (table funded loan) to Aurora through MERS. 1 problem my original lenders been closed since 2007. Of course the corporate assignment of DOT was back dated to 2010. However, it’s never been placed on the county recorder. I live in AZ. I think it was back dated because I stopped paying in Dec 2010?

    What happened to my payments in 2008-Nov2009 that I paid to Aurora go? If they weren’t substituted until Dec 2010? Also, they sent me a “payment history” that predates their Assignment as well.

    I think this would be sufficient proof for discovery? Any opinions?

  28. @tn: Once again, this is Neil’s blog, not yours. You don’t like it, then start your own blog. Oh, but that’s right…you’ll suffer from lack of readership. Maybe you can get the Koch brothers or Karl Rove to fund you.

  29. Regarding Anarchist the only anarchist are the Judges Politicians and Lawyers who do not follow the law.

    They are Licensed Anarchists.

  30. Neil Garfield continue with your good work.
    Be Strong and Courageous
    NEVER AGAIN.

  31. Neil Gafield continue with your good work.

    Be Strong and Courageous

    NEVER AGAIN.

  32. October 9th is a day to remember. It is the day that every article listed in the “Recent Posts” section is not in fact about foreclosure defense…

    Back to the message and purpose of the site Neil. Some news on the occupy movement is good, but only on occupy is too much. Unless you also are being financed by Soros, let’s return to the point of the site.

  33. Thank you Neil, keep posting Occupy Wall Street News, we are the 99%! Diane

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