MAGIC! Money and Homes Appear in Bank Pockets

Full circle (or spiral). What is the end result? You start off with the investors having money and now they don’t. You also start with people who own their homes and now they don’t or won’t soon enough if these fake Foreclosures are allowed to continue. You start off with banks being strictly intermediaries with no stake in the transaction. But in the end, the intermediaries own all the homes and have all the money. What is wrong with this picture?

GSEs Remain Backdoor Bailouts for Banks
http://www.ritholtz.com/blog/2012/09/gses-remain-backdoor-bailouts-for-banks/

34 Responses

  1. Guest said:
    “The only judge I know who did report the fraud is Judge Tepper in Florida. She held that filing two versions of the note is fraud on the Court, because two versions cannot be true. She reported to the DA, AG and US Attorney.”
    That is just amazing. Kudos to that judge. Is a litigant limited to making the fraud on the court allegation to the court to which it was made? Can a litigant report to the DA, AG, and US Attorney? Doubt it would be taken seriously if not coming from the court (I don’t know). But, a litigant may make a complaint to the bar association (there’s some disciplinary committe and that might be the right place) . I forget, but I think the offending attorney is at least compelled to respond, and that might be good for something.

  2. nabdulla….thanks for that interesting info. What a miserable, rotten existance these people have. Creating poison food for people to eat and make them sick..From what I have read about the medical establishment, they are equally abhorrent. A friend of mine told me her m.d. switched her practice to natural medicine because she said there is going to be a lot of new diseases that traditional medicine cannot cure. Unfortunately, there are psychopaths running the world…..and the inmates are running the asylum.

  3. @ All

    Off topic, but a mind blower! Hummm….maybe NOT off topic at all….

    “The study fed these rats NK603, the Monsanto variety of GM corn that’s grown across North America and widely fed to animals and humans. This is the same corn that’s in your corn-based breakfast cereal, corn tortillas and corn snack chips.”

    http://www.naturalnews.com/037249_GMO_study_cancer_tumors_organ_damage.html

  4. That’s right colleen….. What are those things called again? …oh yeah right the “loans” cough, cough….

  5. many Americans don’t even know that Goldman Sachs, Bear Stearns and others are investment banks…They are banking proxies.

    Yep!, Ivent, we end up being gamblers walking into a brokorage den of thieves! and the lie word is?-loan

  6. That is great news colleen…! In America these crooks are being paid well to keep this credit scam with U.S.TAXPAYERS money going. They are either INSOLVENT or they are not, they cannot be BOTH. They need to be audited. @E.Tolle …. thanks for the love and admiration…! You give me a reason to keep blogging…

  7. more news,….Standard Bank of South Africa Faces FIVE Counts of Civil Fraud.

    On Monday the 10th September 2012, Michael Tellinger served a Summons on
    Standard Bank in the Supreme Court of South Gauteng, Johannesburg, case
    number 34355/2012 – which consist of 5 counts of civil fraud and 3 counts of
    contravention of the Bank Act. As far as we know this is the first time ever
    that any bank has been taken to task on charges of fraud. There is no doubt
    that this will escalate into a major media story as soon as it leaks out and
    the media realise the astronomical implications of this case.

    In all the court appearances that we have had to date, that is Tellinger and
    many other individuals who dared to stand up to the seemingly insurmountable
    power of the banksters, the banks have never been questioned by the highly
    suspicious judges and/or put to task about the process of securitisation;
    the legal ownership of the actual loan or debt; the whereabouts of the
    original Promissory Notes; profiteering and undue enrichment; claiming to
    act as a bank when in fact they act as an agent or intermediary and other
    breaches of several codes of conduct. In essence, the judges have accepted
    everything the banks claim as ‘holy gospel’ while treating the people as
    guilty criminals. Now, Tellinger has become the applicant and we trust the
    courts and judges will be as harsh with the banks and their lawyers as they
    were with the people when facing what seems to be trumped up and unlawful
    charges by the banks.

    It is important to remind our judges that they are the servants of the
    people and that they should start behaving as such – serving the people and
    delivering impartial justice based on evidence from all sides after duly
    considering the arguments of all parties. Our experience has shown that this
    is NOT the case. At this stage they seem to behaving like servants of the
    corporations, raising many questions about possible backroom deals and
    possible pay-offs to get certain judgements in favour of banks.

    The Ubuntu Movement is investigating launching criminal charges against all
    the banks in the near future. We have already received 200 emails in support
    from people who want to join in the possible criminal charges. But our
    strength lies in the numbers of people that join us in the case, and the
    more affidavits we have the stronger our chances of waking up the judges and
    forcing them to critically cross-examine the banksters.

    Until now their highly paid lawyers have been getting away with lying under
    oath (we have this on record for those who doubt us), presenting
    unacceptable affidavits on behalf of their clients, and using the highly
    complex court rules to avoid justice, while the banksters continue to
    unlawfully repossess property and executing it, and plunging millions of
    honest and hardworking South Africans into financial ruin which in many
    cases leads to suicide. There can be no greater abuse of power and the law
    that is currently exhibited by the banksters.

    It appears that what we are dealing with here is the largest organised crime
    syndicate on planet earth – crippling humanity and getting away with it
    because of uniformed and ignorant judges who refuse to ask simple questions
    to put them behind bars. So for now, share this information with others and
    email us your details if you want to join in the possible criminal charges
    action against the banks. We will send you a short affidavit to fill in –
    very simple and quick. We already have 300 people that have joined, but we
    hope to get more than 1000 people to join in the action. Email us at
    criminalbanks@ubuntuparty.org.za

  8. Ivent wrote, “One more thing….”

    If only that were so…..

  9. I blame the politicians. They are IMPOSTERS who do not work for US. They are who have allowed this and that is both parties. The current administrations policies are worse and much more tyrannical than the last administration. There are more wars and there is more poverty in America than ever before. Obama has done more to impoverish the American people, destroy our Constitution and our legal rights than any other President. If he gets another 4 yrs he will finish us off. He will install a Complete Communist dictatorship. He told Medved to relay that message to Putin.

  10. One more thing….you may be shocked to know, many Americans don’t even know that Goldman Sachs, Bear Stearns and others are investment banks…They are banking proxies.

  11. I would like to add, there are still alot of Americans who don’t believe the banks were and are predators. They blame WALL STREET….I guess they don’t realize the banks are part of WALL STREET. There are many Americans who have literally lost it all and can’t wait to get “credit ” again. They must really enjoy lending U.S. TAXPAYER money to the very insolvent institutions who robbed them and are willing to allow them to commit more massive fraud with their signatures. They either don’t get it or, don’t want to. They don’t want to know where the FED money comes from? ……THE U.S. TAXPAYERS LEND IT……and they don’t want to khow the banks on Wall Street create unsustainable debt with the U.S. TAXPAYERS money by overselling investment scams in that initial loan they borrowed from the U.S. TAXPAYERS via the U.S. Treasury….and how that initial loan NEVER GETS REPAID…As Rick Santelli put it last week…The U.S.TAXPAYERS lend the FED the money for everything….up front….the FED just prints the paper and hands US their bag of IOU’s…..As I said….people do not want to know the truth is ….the FED is insolvent because WALL STREET BANKS committed a quadrillion dollars in fraud with our electronic signatures. There is no credit.
    Any issuance of credit is an illusion and is fraud to make people believe everything is normal. It’s not. The banks debt is unsustainable and can never be paid….We need our own currency…the FED credit system is not a monetary system and it is insolvent.

  12. @enraged….Most people don’t know what to do about it. Alot of people are really brainwashed. Go to foreclosure court and you will see what I mean. Even people who have been fraudclosed on and know it was not right, still don’t get it. I still hear a lot of people blaming themselves or saying really stupid stuff like too many people bought homes they could not afford. Then you have our retired parents who think Romney is going to take their pensions away and their Medicare when its already been stolen…! Don’t blame the uneducated. You can try to educate them about the frauds, however, you will find that incredibly difficult in most cases. People do not want to believe the reality about how bad things really are. They have a false sense of security because they can still afford to live a decent life……There is a reason why U.S.COURTS have ruled …Fraud is evaluated from the perspective of the uneducated consumer..Most Americans would rather remain uneducated. When they lose it all..then they will be as mad as some of us already are. Don’t blame the victims….blame their programmers.

  13. Sorry, I meant dismiss WITHOUT prejudice. I suppose most of you guessed that already! 🙂

  14. 18 USC § 4 – Misprision of felony

    Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.

    Maybe we can form a group to report to military authority, since few judges are concerned about the felonies. Every day they dismiss with prejudice and allow time for the plaintiff to fabricate better documents, and they ignore the state law about filing false documents for recording. In my state, that is a felony; but if a case is dismissed for lack of standing NOTHING is done about that or the fraudulent lien. MERS mortgages often state that the assignment of mortgage conveys the mortgage and the note, but by judicial admission (at the least), it has no interest at all in the note.

    Attorneys are not doing reasonable investigation to ensure proper standing, which violates ethics and rules of civil procedure. Ethics violation are not actionable, but if unethical attorney behavior causes damages, then that is actionable.

    The only judge I know who did report the fraud is Judge Tepper in Florida. She held that filing two versions of the note is fraud on the Court, because two versions cannot be true. She reported to the DA, AG and US Attorney.

    Contrary to the delaying-deadbeat-getting-free rent mantra, I am adding misprison of felony as a reason I am defending title to my home and reporting the crimes to my judge–citing Judge Tepper. She has an excellent decision about establishing ownership of the note too.

    I am not a lawyer; I am giving only my opinion.

  15. “The American people are not to blame for what these rich control freaks have done by many proxies to the planet and the people.”

    Really? Not doing anything to stop it when it has become well-known is still doing something. It’s called implicitly condoning it. The truth has been known for several years. People have the ability to speak out and send a message loud and clear by voting for anyone but the two major contenders. People have the ability to pester their representatives and elected officials. People have the ability to withdraw funding from government and banks by closing their accounts and refusing to pay taxes. People have the ability to contact all the sponsors of the media and boycott their products until media fess up to the truth and spread it. People can do a lot. They’d rather sit on their butts and vent from morning to night “It’s not my fault. I’m a poor victim.”

    People’s actions (or lack thereof) will be the single most determining factor in the outcome.

  16. That’s a great idea stan…! We should foreclose on the fraudclosers who are the judges…..! @ Enraged …The American people are not to blame for what these rich control freaks have done by many proxies to the planet and the people. We could have had no knowledge of what they were planning. One things for sure….these imposters have hijacked US under many guises…and they don’t work for US….UNITED WE STAND, DIVIDED WE FALL.

  17. HOW ABOUT IF ALL FILE RICO ACTIONS AGAINST THE JUDGES AND ATTORNEYS ALONG WITH THEIR BANKS. THIS IS ALL THAT IS LEFT. STAN IN CALIFORNIA

  18. Nothing happens in a vacuum. We either change our ways or risk quickly disappearing as a nation. No one can make so many enemies in such a short time as the US have done and continue doing (60 years of poking our nose into everyone’s business and trying to dictate to the world how to live and think) with complete impunity and for long.

    The choice has become ours. Time is running out. One thing is sure: we will not be allowed to destroy humanity or the planet. We will be stopped before but, if it has to come to that, we will not, as a nation, survive our failing. We represent less than 5% of the world population. Expecting that the other 95% will allow us to destroy it is unconscionable and delusional. It’s up to us to decide and now is the time.

    Do we want to thrive or do we want to die? Make no mistake: if we choose death, we won’t take anyone else with us.

  19. I would like to add to my comment below. Their goal is Complete Communism…Complete control of everything and everyone..Complete tyranny and oppression….Our goal is the polar opposite…Complete Freedom and Independence from their fake control, their tyranny and oppression. We need a nationwide call to action to reach our goals with an agenda and a plan. For every direct action they take against us, we need a plan for a direct and opposite reaction on a nationwide level. Time we take down these control freaks by taking their fake power and our money out of their greedy hands. Any ideas and suggestions are urgently needed. We also need to demand a referendum on the 2012 ballot to vote to restore our U.S. Constitution and our own currency be issued and to abolish OBAMACARE.

  20. @colleen…Thank You…

  21. Guide to what went wrong in Europe & US
     
    >
    >    Helga is the proprietor of a bar.  She realizes that virtually all of
    > her customers are unemployed alcoholics and, as such, can no longer afford
    > to patronize her bar.  To solve this problem she comes up with a new
    > marketing plan that allows her customers to drink now, but pay later.
    >
    >    Helga keeps track of the drinks consumed on a ledger (thereby granting
    > the customers’ loans).
    >
    >    Word gets around about Helga’s “drink now, pay later” marketing strategy
    > and, as a result, increasing numbers of customers flood into Helga’s bar.
    > Soon she has the largest sales volume for any bar in town.
    >
    >    By providing her customers freedom from immediate payment demands Helga
    > gets no resistance when, at regular intervals, she substantially increases
    > her prices for wine and beer – the most consumed beverages.
    >
    >    Consequently, Helga’s gross sales volumes and paper profits increase
    > massively.  A young and dynamic vice-president at the local bank recognises
    > that these customer debts constitute valuable future assets and increases
    > Helga’s borrowing limit.  He sees no reason for any undue concern, since he
    > has the debts of the unemployed alcoholics as collateral.
    >
    >    He is rewarded with a six figure bonus.
    >
    >    At the bank’s corporate headquarters, expert traders figure a way to
    > make huge commissions, and transform these customer loans into DRINKBONDS.
    > These “securities”  are then bundled and traded on international securities
    > markets.
    >
    >    Naive investors don’t really understand that the securities being sold
    > to them as “AA Secured Bonds” are really debts of unemployed alcoholics.
    > Nevertheless, the bond prices continuously climb and the securities soon
    > become the hottest-selling items for some of the nation’s leading brokerage
    > houses.
    >
    >    The traders all receive a six figure bonus.
    >
    >    One day, even though the bond prices are still climbing, a risk manager
    > at the original local bank decides that the time has come to demand payment
    > on the debts incurred by the drinkers at Helga’s bar. He so informs Helga.
    > Helga then demands payment from her alcoholic patrons but, being unemployed
    > alcoholics, they cannot pay back their drinking debts. Since Helga cannot
    > fulfil her loan obligations she is forced into bankruptcy. The bar closes
    > and Helga’s 11 employees lose their jobs.
    >
    >    Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value
    > destroys the bank’s liquidity and prevents it from issuing new loans, thus
    > freezing credit and economic activity in the community.
    >
    >    The suppliers of Helga’s bar had granted her generous payment extensions
    > and had invested their firms’ pension funds in the BOND securities.  They
    > find they are now faced with having to write off her bad debt and with
    > losing over 90% of the presumed value of the bonds.  Her wine supplier also
    > claims bankruptcy, closing the doors on a family business that had endured
    > for three generations; her beer supplier is taken over by a competitor, who
    > immediately closes the local plant and lays off 150 workers.
    >
    >    Fortunately though, the bank, the brokerage houses and their respective
    > executives are saved and bailed out by a multibillion dollar no-strings
    > attached cash infusion from the government.
    >
    >    They all receive a six figure bonus.
    >
    >    The funds required for this bailout are obtained by new taxes levied on
    > employed, middle-class, non-drinkers who’ve never been in Helga’s bar.

  22. These entities are IMPOSTERS and crooks. The biggest ponzi scheme swindle & heist in history continues unabated. First they steal your wealth, then they try and steal your country. Look up Obamas worst executive orders to see what they are planning. The majority of Americans are incredibly uninformed about this GLOBALIZATION SCAM to steal our country. There has been no revolt in America because every American just DOES NOT GET these imposters have a plan and a goal…which is Complete Communism. These crooks have an agenda that weakens the people gradually until you wake up one day broke, homeless and enslaved. Fraudulently induced debt is their weapon of choice. They are being very strategic, sneaky and underhanded about this theft of our wealth, property, freedom and independence. Neither the tea party or Occupy ever had an agenda, and a plan with a goal. They never set out a plan of action if demands were not met, such as taking OUR MONEY OUT BY nationwide boycotts of all sports, all media, movie theaters and hollywood, corps, gasoline usage, nationwide mortgage and tax revolts, cancel cable, nationwide lawsuits against the malfeasance of this Govt Corp. Revolt on the monitoring of everything we do by cutting up those debit & credit cards, store discount cards, drivers license renewals. Don’t like red light cameras? Everyone take off the license plates on their cars until they remove the red light cameras. In order to stop these crooks we must take action as one nation. We need to stop acting like cowards. We need a plan, an agenda, a goal and a nationwide call to action. Otherwise we will lose all of our freedoms, our independence and our country.

  23. @Ivent
    Thanks AND please KEEP up your venting. The world needs to

    know!

  24. @enraged ,

    you automatically get thrown into “moderation” is you have 2 or more links..

  25. Insolvent institutions have no value. Therefore they have no collateral. That’s the result of borrowing U.S. TAXPAYERS MONEY…never paying it back to the Original Lender….THE U.S. TREASURY DEPT…but instead, overselling investments in your original debt to the tune of a quadrillion dollars in credit fraud. You have no collateral to back up that debt……you don’t deserve to live to see another day. Let alone take property or money from the people whose life savings and livelihoods you have stolen. The FED is trying to buy back every property with more stolen U.S. TAXPAYER MONEY and recycle insolvent debt. This ongoing bailout of the FED & WALL STREET BY THE U.S. TREASURY DEPT. IS CRIMINAL. AUDIT THEM…!

  26. 2nd post – first one caught in mod-ur-ate-shun.

    And the latest news is they are going after???? Banks??? No! Bankers??? No!, Foreclosure firms??? No! Strategic Defaulters???? Yes?

    So what, are they going to charge them some fine or fee for strategically defaulting???? No! Not just payments are being sought.

    They are going after them for mortgage fraud and jail time…..jail time.

    “We’re not just going to demand repayment,” he said. “We’re going to lock (people) up.”

    found at sgtreport(dot)com page two or three, soon to be moved further pages in.

    .. touch(dot)chicagotribune(dot)com/#section/-1/article/p2p-72287406/

    And a video to that effect

    http(colon)//sgtreport(dot)com/2012/09/the-chilling-reality-mortgage-cops-are-coming/

    Is this our new future? What about the people who were robbed and our homes thrown over the fence to Fannie and Freddie?

    Trespass Unwanted, life, independent, corporeal (the real deal – see me, touch me, I speak therefore I can be heard, not fiction), by Divine Right, the soul is the Divine spark of the Creator within.

    All men are created equal.
    Some men think they are greater than equal.
    An equal has no power over an equal.

  27. @Colleen,

    Go to your county and check who really paid. i wouldn’t be surprised if both the homeowner insurance and the taxes were paid by corelogic. Ocwen probably didn’t pay a cent.

    When i appealed, the county decided, based on sales in my neighborhood over the past 3 years, that the value of the house had gone down by 28%. Taxes where I live are around1.25%. Getting back almost one third is something.

    Used it to pay 4 months of my attorney’s fees. You know, the guy who is suing the servicer and doing a mighty fine job at it. It felt pretty good! I still wonder though why “moderator” had to take that post down at the time… It’s not as though I was inciting anyone to rebellion. It’s all on the up and up.

  28. THAT is too cool Enraged as I read what you wrote about the property taxes. I had wondered what folkes did when the taxes
    were still the same or more and Ocwen still paying our taxes as well. Like they think they still have an interest in our home. I’ll try doing the same as Texas has high property taxes sense they don’t have fed-income tax. THANKS for the heads up!

  29. @Colleen,

    Fabulous! I tell people all the time: half the victory is in fighting the battle.

    You prove me right.

    I believe Dee was able to hook with a good attorney as well. A former Tx AG who’s on a crusade.

    One by one, we’ll get them! It takes taking our butts off that damn internet and actually making a move. Scary and intimidating for many. That’s why they’d rather walk and bitch after the fact. I wish they realized what they’re missing out on.

    Still in the house. Actually, I did score one against the bank by appealing my taxes, as i wrote on the next post. Banks are in disarray. Mers is in disarray. Corelogic is in disarray. If there ever was a time to strike, it’s now, while they still have a few bucks. As they say in the military: “Before time, it’s not time. After time, it’s too late.”

  30. Thanks enraged AND?-good memory! Neals posts are NOT what
    I read…it’s everyone elses…I’m sure other’s think the same.

    We’re doing well here in Texas. We got lucky with a BK judge who actually said, I’m your “trustee” and you let me know if ANYONE trys
    to take your homestead as I’ll put a stop to it! He really liked my husband.Our debt was discharged and it’s all good cause WE know the truth and live by it. As to our weekend home
    well, I call it a temporary ownership when people bought it as we’ll
    get it back. It was A LOT of upkeep and they knew WE have the original warranty deed-and they only have a “special” one-glorified
    rent I call it-with all most 9,000.-in property taxes.Stupid I say If and when they try
    to sell…we sue-ha-no hurry though.
    You still in your home?
    oh-we did the BK ourselves-and our lawyer friends told us that they never saw such success before-without one.

  31. And Neil, you’re missing the big picture…

    It really all starts off with people having… a job, Neil! A job!
    And now they don’t.

    Everything else just follows. The money, the savings, the retirement plan, the health, the house, the whole shabbang. But really, it started with the job. You know, those things that were shipped to China and India eons ago? By democrites and repugnicans alike?

    It’s called a team effort. And what a team it was!

  32. @Colleen,

    He does that all the time. Sometimes, he blocks your posts (you know, that “moderator” thing that keeps it out of view for a while) and… before reinstating it, he posts that exact same thing, as though he found it all-by-myself! And by then, whatever you had posted is out of sight anyway. Good boy, Neil. Good boy.

    The guy’s like everyone of us: in-se-cured…

    How is your case coming? Aren’t you in Texas somewhere? Where you ever able to find what you were looking for (an attorney, as I seem to remember…)?

  33. yea Nancy, he did the same thing to me when I attempted to put
    up a post about the prosecutors. I tried to put it up then Neal did it.
    Guess he wanted all

  34. You know I shared it with you – and Neil you said you did not understand

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