Stiglitz: Where’s Waldo?

Editor’s Comment: Once upon a imte Social Security was the third rail of politics. Nobodoy wanted to touch it during campaigns. Now the subject is foreclosures, the mortgage mess, title corruption, disruption of the real estate market, the economy and our financial system through an illegal PONZI scheme. Nobody wants to talk about except perhaps a Nobel Prize Winning Economist like Stiglitz, Simon Johnson from the IMF and dozens of central bankers around the world and some central bankers here at home whose voices are stepped on by campaign ads for 47%, 1 %, 99% and 4% (the amount of the increase of taxes on high income people).

While there are still people whose policy advice still stmes from fear of financial collapse if the mega banks are taken down, the people who really know what is going on are in complete agreement — we have done nothing to prevent the next crash, which in my opinion is coming soon.

Obama has done an amazing job of bringing us from the  brink of a great depression deeper than the first one, he can’t bring us much above 2.5% GDP growth without helping financially strapped homeowners and consumers who were screwed by the culture of debt and trickery stemming from Wall Street over the past 30 years.

But just because there were 800,000 jobs per month being lost when he took office and that could have amounted to an additional  35 million people out of work, doesn’t mean that Obama is some kind of financial genius. I’ll give them credit for saving the system, albeit in rather awkward ways.

If we want to return a robust economy with 3-4-5% GDP growth we must do something about past abuses in housing, current abuses and future abuses. Just ask anyone with real facts and real data on the economy and you’ll see what I mean.

Stiglitz Article

97 Responses

  1. County sheriffs are also getting rich on evicting & jailing people:
    Sheriff “Joe” Blows It, the “Bankster Buddy”:

  2. @ Deborah

    Yeah, I suppose that’s true. I, personally make distinctions between lies and truths, where there seem to be none these days. As a matter of fact; this situation is one where a lie is a “subjective” value to many. Everything in this culture is jaded…can we even call banks, banks anymore? What happened to our Constitutional rights? No one I know has been able to acquire a PROPER trial and get the truth about their money, home ownership or where their money is really going.

    The corporate culture is poison and has permeated every facet of daily living. Greed is destroying an entire system of laws, rules and any sense of decency we have left. Now, one must lie to beat the liars. Honesty has become a “punishment” and one pays a high price for telling the truth. Having been in this “litigious” situation for years now, I too am running out of hope the truth will ever be heard. The contracts we made are one-sided…we are dragged before the court to enforce our contract and the banksters are not held to the same standard.

    The fact is: the players used our information to acquire money, under false pretenses. They stole much of this money and cheated investors, lenders and homeowners, who were the ruse for the lines of credit. The they further humiliate us by telling us, we MAY be considered for a modification, when they own nothing and have no authority, and ask for all our personal information time and again, giving it to clerks, who cannot be trusted with it and lie over and over about their intent, when they submit the paperwork to get paid by HAMP for their efforts. This behavior is an abomination and under proper law, punishable by incarceration. Where the hell are the Sheriffs here?

  3. for poppycarie ivent enraged SC, contemplate the wisdom here – i love this
    ” in the sky there is no distinction of East and West, people create distinctions out of their own minds and then believe them to be true”

  4. I agree, Poppy…something is very wrong with @enraged…not to be trusted.

  5. @ Ivent

    I see what you see. Obama has used his executive powers over 300 times since the election. Why would he do that, if his intent was to make a better democracy.

    The corporations run this country and pure Capitalism and democracy cannot exist together. There is a monopoly on everything from consumer goods to education now. Everything is generated “for profit”, squeezing out competition and small business.

    This country exists due to skilled labor and PEOPLE, citizens…not corporate ingenuity. These cats are not risk takers…everything they do is calculated. The sooner people understand this, the better off they will be.

  6. Unfortunately poppy, there is a lot of deception everywhere about this scam. That is what really ticks me off. Because of that, people don’t know what to believe. I try my best to correct that. There is valuable info in the comment sections, depending on what you call valuable. This is really about our freedom & independence. That is what the crooks are hiding. They are using what we don’t know to destroy us. For example, I was listening to a Jesse Ventura interview last night. He was telling the American people he is an atheist, he and Howard Stern were making fun of God. They were pretty convincing to those who have little faith. He was also promoting a third party candidate I have never heard of & tellling the people to vote a third party candidate, to split the ticket so Obama wins. He is pretty clever in the way he is trying to get that satanist back in office to finish us off. I do believe we need to get rid of the 2 party system & the electoral college but now is not the time. I feel strongly Obama needs to go. Beware the deceivers, those telling you to vote for a ghost, a non existant third party candidate. They are subliminally telling you to vote for Obama, the lawlwess one.

  7. Why do some of you even dignify Enraged with a response? She has NEVER provided anything, but a copy and pasting of newspaper articles. Newspapers are the bought and paid for mention of certain pieces of information, where all their profits come from advertising and the content of every paper is “controlled”.

    There is no one currently on this site that has been successful in the courts. The old bloggers two, I know of, have won an appeal and a quiet title action. Neil has given some good information, but has failed to tie some of this, without fees, for most of us.

    The sad truth is: newspaper articles are not helpful. There are a few pseudo intellectuals on here that talk above most, which is intentional, due to their own insecurity and leave many here scratching their heads.

    For me, helpful is who is your case with, what have you done with your complaint, pleadings, what courts are you in, disposition and why? The loss is very important. There is a lot of information in why we are losing…as it is not because we do not have cases for relief.

  8. “Enraged….There are things in this world money can’t buy. You have to have faith. Without faith, you have nothing. I know I would have never came this far without it”


  9. Enraged….There are things in this world money can’t buy. You have to have faith. Without faith, you have nothing. I know I would have never came this far without it.

  10. There will be nowhere to hide & nowhere to run from what they are planning if you are not prepared for it. Gold & Silver nor foreign currencies will save them. Either will their underground caves they have built for themselves. It is all false security……if you do not have a soul and you do not know the truth is…… the good Lord always delivers to the faithful.

  11. Oops..What I meant to say is…they do not hold their own freedom dear and therefore, they do not hold their fellow countrymen & women’s freedom dear. They will have hell to pay for that & make no mistake, that hell they are manufacturing for satan is coming, unless these crooks repent and so far, I don’t see it. All I see are hard hearts & arrogance mixed with ALOT of blissfull ignorance. Well, when that day comes, and it will, at least I can live with myself when all hell breaks loose upon earth. They can’t say I did not try to warn them.

  12. @enraged – missed that deal today at 1. I’d like to hear it. Think it’s anywhere I can yet find it? thanks


  14. And I will keep warning people about the danger of listening to it when not one case has been won on either NG’s or your rehashing of Anon’s theories. Get used to it.

  15. Guest……..that is horrendous & horrible. It is really sad this does not even surprise me. More & more we are finding all of the bad happening in the world past & present is connected to these anarchists. Freedom is not free but this is beyond the pale to murder innocent children. I hope the nanny lives to tell the truth.

  16. “The fact of the matter is: Anon has uncovered a number of things she can’t use for her own case…”

    SO WHAT. When I post her information I NEVER TELL PEOPLE TO USE IT FOR A CASE…they can do whatever they want with it…I’m just informing—for what it’s worth to whomever.

    I will keep posting it until Neil finally starts writing about it. The WHOLE truth. As long as he keeps saying dishonest and misleading terms like “investor-lenders” and not revealing the truth about the fact that subprime was COLLECTION RIGHTS ONLY—-I will keep re-posting the information from ANONYMOUS.

    Get used to it.

  17. Thanks to great American patriots like Neil, the beast, the red dragon and the Antichrist and all of their Anarchist minions & cohorts have been revealed to those of us who have sought the truth. This is just what God Almighty promised, there would be signs to warn us the time was at hand to seek the truth. We who have witnessed the signs & sought the truth know this will not end well for the beast. There will be much suffering for those who do not arm themselves with the truth before the final battle. God Almighty will be triumphant in the end and all of this sin & evil will be washed away. It is time for all sinners to repent & give back what they have stolen from mankind before the time of the end and the just judge comes to judge all of mankind. Stealing millions of souls by secrets, lies fraud, deception and concealment and denial of any knowledge of these crimes in order to steal the freedom & independence of God Almighty’s people will not be hidden from the Creator.

  18. The only diatribe here that is b.s. is the radical & dangerous is the diatribe of lies by the commie trolls. Neil has given tremendous info here. He has helped me & I am sure millions of shell shocked Americans fight these FED INVESTOR demon crooks. I am forever grateful. As I watch these evil bastards very insidiously try to destroy everything the American people have fought, died, funded, built & paid for, I am humbled by the work Neil & a few others have done to try & help us, as individuals, to save our freedom & independence from an arsenal of secrets, lies deception & fraud. As the truth is slowly being revealed about this evil cabal, and their methods to achieve their evil plan, decades in the making, to steal our freedom & independence and create complete communism, all of the demons are also being revealed. Thank You Neil….!

  19. Pretty classy diatribe… When banks’ attorneys read how out of control certain bloggers on this site are, they must be laughing their heads off!

    The fact of the matter is: Anon has uncovered a number of things she can’t use for her own case and many people here would be better served not trying to use it either and sticking with true and tried. As far as anyone can tell, not one homeowner has come forward to announce on this site that Neil Garfield’s theories helped his/her case.

    And serious foreclosure defense attorneys don’t come to post here. In fact, they cringe when homeowners mention “livinglies”. Mine included (and the guy wins cases!)

    I wonder why…

  20. The really sad thing is what those Americans really gave up was their freedom & independence and, they will have a very hard time trying to get that back.

  21. @ carie…So true and in their orchestration of this ponzi scheme that’s exactly how they wanted it to be. They said when it starts to crumble let the weight of proving the crime fall on the shoulders of the homeowners….They will fight for years or the rest of their lives trying to prove the fraud…..They set it up so we would have to fight tooth and nail, blood sweat and tears. Many gave up and gave in because they couldn’t take it. I can’t begin to explain to anyone how thia has changed me….I’ve lost trust in so many things. I will not give up.



  23. @ENRAGED





  24. For anyone new here:


  25. I should re-iterate the FED is fraudclosing in the State of Illinois via the corrupt politicians in the State Capital in Springfield on non-existant mortgages via Article 7. They are traitors and felons.


  27. Nothing changes the fact that THE FED is coming to STATE civil courtrooms with copies of altered uncertificated securities that are unindorsed and uttering these forged, altered instruments because THE FED NEVER established/proved STATUS OF THE HOLDER (UCC 3-301) THAT IS….FELONY FRAUD BY THE FED BY PROXY….THE FED IS …UTTERING by CONCEALMENT ……..TO GAIN UNJUST ENRICHMENT…….. THAT IS FELONY FRAUD IN ANY STATE…..

  28. Got rope?


  30. Monday, October 29, 2012 10:00am PT / 1:00pm ET
    Call will last 1 hour 15 minutes
    Registrars John O’Brien and his key associate Kevin Harvey are on a mission to stop the recording of forged documents. They will present how they have enacted a “DE FACTO FORECLOSURE MORATORIUM” by refusing to accept and record documents which raise doubt as to their authenticity and the lawful process of foreclosure. Every property owner in the country needs this protection.

    For those of you wanting to listen in, the phone number is available here.

  31. “…Because the securities were a combination of home mortgages, credit card debt and student loans which were bundled together and sold on the global markets after given a fake triple A rating…”

    Unproven bullshit not one serious foreclosure defense expert has ever used and Anon herself is having the hardest time getting a judge to listen to! In fairness to Anon, though, she is fighting… Unlike the attack bulldog with marginal cut-and-paste monkey’s abilities, formerly a first grade teacher (that should qualify her as an expert in banking and securities right there!) who keeps insulting anyone who doesn’t agree with her, after having walked away from a perfectly defensible case…


    SC, you’re right. It is a “poor me” thing. And now, she’ll blog until the cows come home trying to obtain pity and compassion from other bloggers as limited as herself.

  32. SOME PEOPLE CAN’T HANDLE THE TRUTH—so, here it is again::

    “…Because the securities were a combination of home mortgages, credit card debt and student loans which were bundled together and sold on the global markets after given a fake triple A rating…”

    Not “home mortgages”—junk (false default) debt…fraudulently PRESENTED as a “mortgage” to homeowners.

    Schneiderman doesn’t care about that. Doesn’t care that homeowners were duped…only cares about the investors…same crime—two different “marks” by the con men…but only one gets justice?


  34. Bullshit, SC—you’re the self-centered “dipstick”—you’re one of the investors who doesn’t give a DAMN about the “little people”…

  35. @SC


  36. My comment below is in response to the $43 trillion dollar class action …..

  37. Wonder what the judge will do about this one??? The facts are undeniable, the FED is a counterfeiting racket of wantoned felons. It is way past time they are ALL held to account along with along with ALL of their minions & cohorts…….Did they include the SEC & THE CLINTONS….? HOW ABOUT HANK PAULSON..&..THE CEOS OF THE TBTF WHO ARE STILL SUCKING MONEY OUT OF THE TREASURY…. ? WHAT ABOUT ALAN GREENSPAN WHO CLAIMS NONE OF THIS DERIVATIVES CRAP MADE ANY SENSE TO HIM….? ISN’T THAT HIS JOB TO KNOW WHAT THE BANKS ARE DOING…? These people are also traitors & felons…..!

  38. Can anyone show me the law that says there is an equitable remedy for the issuance of credit? Can anyone show me the law that allows the FED BY PROXY to use counterfeit, forged securities to take the property of the American people FOR FREE in the U.S.A……? What is the magic formula that can take a quadrillion dollars in insolvent debt fraud of the FED and can turn that massive fraud into something equitable and/or profitable for the FED…..?

  39. There is more to Mandelman’s article on

    As far as I’m concerned, case closed.

    Spire Law Group’s Mass Torte Lawsuit Seeks $43 Trillion from Banks – Former AG Says it’s a FRAUD

    Yesterday, the PR Wire was set ablaze by a press release issued by Spire Law Group, announcing their filing of a lawsuit seeking $43 trillion in damages on behalf of a long list of homeowners… and it would appear, the United States Treasury itself. It appears to be yet another lawsuit being marketed to homeowners all over the country as a way to get some justice for the economic catastrophe in large part caused by Wall Street bankers operating in a largely deregulated environment.

    They call it a “mass torte,” but it can also go by the name “mass joinder,” or “multi-plaintif,” or whatever other term d’art it might be using tomorrow, but no matter what it’s called, the person calling to tell you about it will say that it’s your chance to make Wall Street pay for their crimes. And the best part is that it only costs a few thousand bucks… and I mean, what’s a few grand when you’re going to be a part of bringing the banksters to their knees? A pittance, I tell you… a mere pittance!

    There might even be financing available, and who knows… maybe even layaway. I’m betting they even take credit cards, which if they do is hysterical as it means that some entity like Citibank is getting 2-3% of this deal.

    Is this lawsuit for real? Is there really a chance that a court will entertain a claim for $43 trillion in damages?

    According to the release…

    “In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) – involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver – Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation)…”

    … and then it lists everyone they say is responsible, including…

    Attorney General Holder, Assistant Attorney General Tony West, California Attorney General Kamala Harris, Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary, Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits.

    It then goes on to say…

    “The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.”

    So, the suit has been filed on behalf of home owner across the Country and New York taxpayers, and it is now expanding into federal court in Brooklyn, New York, seeking to “halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators.”

    Come on… seriously? Am I the only one wondering where are the 14 year-old boys responsible for writing this complaint? It’s time to go home, your mothers are calling you and they sound mad.

    Now, I’m no lawyer, thank the Lord… but if you ask me, the whole thing sounds like a plot straight out of an Austin Powers movie, does it not? Stop all foreclosures until you return the $43 trillion you stole? Do you suppose these guys are expecting the following in response…

    “Okay, you caught us. Here’s the darn $43 trillion. Now can we please start foreclosing again? Pleeeeaaase?”

    And that’s not all, folks…

    That’s not even all the lawsuit is seeking. The plaintiffs also want an audit of the Federal Reserve and “audits of all the bailout programs by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other ‘bailout money’ advanced from the Treasury has ever been repaid…”

    So, since I know Neil personally, I sent him an email to see if he knew anything about the lawsuit and whether he would be interested in taking the job as “independent receiver.” I also wanted to make sure he actually said that “none of the TARP money and other bailout money,” was ever repaid… because I didn’t think he had said that. I read his book twice and listened to it two more times on my iPod, and I couldn’t remember him saying that. Here’s Neil’s response… and I’m quoting him word-for-word…

    “Ugh. I hadn’t seen this, and no, I never said that. As for the job, been there, done that!”

    LOL… he’s funny for a Special Inspector General, don’t you think? But, I think his response makes his position on this topic quite clear. He had me at “Ugh.”

    And because I’m not an attorney, I also emailed out a copy of the complaint to roughly 30 of the top consumer law and foreclosure defense attorneys around the country asking for their takes on the lawsuit. After a couple of hours passed, I emailed one of the lawyers, Nathan Fransen of Corona, California, a second time to ask if he had anything I could include in this article. He replied…

    “Not yet… I’m struggling to find the proper synonym for ‘blood-sucking parasite with almost enough legal acumen to fill out a form at the DMV.’”

    Alabama foreclosure defense lawyer Nick Wooten also weighed in almost immediately…

    “The press release is sufficient to scare me away with hair on fire. Looks like some Neil Garfield types ruining amok right up to the sanctions hearing…” [Did you guys pay attention? Neil-Garfield-the-peddler has a reputation among serious foreclosure defense attorneys… and it ain’t too good! Probably why not one of them comes here to post anything. 🙂 ]

    Nick has a way with words, I’ve always thought.

    Phillip Swagel was the Chief Economist at the U.S. Department of the Treasury under Treasury Secretary Hank Paulson, during the last two years of the Bush Administration. I sent him an email also to get his take… he said:

    $43 trillion. Hard to take this seriously!

    Florida foreclosure defense attorney, Matt Weidner also had more than a few words to say about this lawsuit…

    “Attorneys that represent consumers and families in crisis have a heightened ethical and moral responsibility to ensure they are serving the interests of those individual clients above all else. My examination of the Abeel lawsuit convinces me that the interests of these very vulnerable consumers are not being served and that many will indeed find themselves in demonstrably more compromised positions because, by engaging in the pursuit articulated in this lawsuit, they will not be protected where they need to be…in their own individual cases.

    As an attorney and as a member of the larger community of Americans dedicated to finding real solutions to the difficult legal, financial and societal conflicts we face in this nation, I call upon our state Attorneys General and the federal judge charged with adjudicating this case to expeditiously review the claims and the issues framed in this complaint, give the parties who are prosecuting this case the opportunity to explain their claims…then immediately issue opinions and take action to sanction those responsible when it is determined that the pursuit of this action causes harm to consumers.”

    But I still wanted more. This lawsuit is being marketed in Ohio, so I figured who better than Ohio’s former Attorney General Marc Dann to comment on the $43 trillion lawsuit. And you can hear what he had to say in just 10 minutes on this Mandelman Matters Special Report Podcast… Click play and make sure your speakers are turned up…

    (“Monkeys will fly out of my ass if this suit doesn’t get dismissed…” Phill Swagel said: “Monkeys! Now that’s a great quote. I can’t compete with that.” I agree Phill, I completely agree!)

    [Doesn’t get any more visual than that…]

  40. I’ve about had enough of these Cry Babies who claim Neil and Gov is only out to protect the Investers! Give Me A Break! Yeah, they are protecting the Investers alright ….. Managed Funds being depleted and Pension payments being Slashed …Sure … they are Protecting the Investers… Just like they are Protecting the Taxpayers! Some people are so “Self-Centered” ….. Its all about Me! Its all about Me! Why does it have to be about everyone else …. Make It All About Me! Your a Dip Stick”!

  41. “…Because the securities were a combination of home mortgages, credit card debt and student loans which were bundled together and sold on the global markets after given a fake triple A rating…”

    Not “home mortgages”—junk (false default) debt…fraudulently PRESENTED as a “mortgage” to homeowners.

    Schneiderman doesn’t care about that. Doesn’t care that homeowners were duped…only cares about the investors…same crime—two different “marks” by the con men…but only one gets justice?

  42. JG,

    I tend to listen to what Matt Weidner has to say about it and to the fact that no one else who is a somebody in foreclosure defense has mentioned it at all.

    People need to be able to hang on to hope somewhere, especially after having been let down so hard by government. So, even if it’s a hoax, I would understand them holding tightly on that case as the case that broke the banks. But I’m afraid they’re going to be incredibly disappointed.

  43. I’m tired, but figured I had enough energy to count the plaintiffs & defs in Abeel (okay, as to plaintiffs, I was trying to guestimate how much
    dough the law firm took in). There are 838 plaintiffs and 1808 defendants. Of the defs, 2 – 1000 are Does, the rest are named trusts and banksters. I think I got it right (like I said, I’z tired).
    So then since I was in there (I feel like Forest Gump), I figured I’d read the causes of action again. They might actually get some sustained*. I think the complaint is poorly written and suffers from bad sentence structure (can’t those guys hire someone?) and illogical conclusions (see no 2562, think it was). So I know it’s late, but I couldn’t find 43 trillion dollars in there, nor could I find an injunctive request against f/c nationally, as some have stated. I think the complaint thought a recitation of a bunch of stuff was necessary that might not have been, and in fact, the recitation may work against them. Yo, dudamus law firm: I think you should at least try to compel the defs to each and all retain separate counsel, citing conflict of interest. I’m not smart enough to think of that myself – I saw it done successfully in a case a couple years ago (MERS, banksters, and so on). Course, that means you get more work yourself. Good trade? Bad trade? And also, as evidenced imo by the complaint in general,
    they need some better talent, so why not get some? Maybe after just one more glass of fine red wine (hey, it was 7.98) with a splash of that fizzy stuff and exactly 4 ice cubes, I’ll email them and tell them so! Oooooh…maybe they’re sandbagging. It’s possible. Now, I don’t mean “oh”, I mean oooh, like the sound an owl makes without the “wh”.
    *”Conversion” is becoming a popular allegation, and this complaint hits it hard or at least often. They’re also alleging breach of good faith and fair dealing for inducing homeowners to default (“you must be in default to be considered for HAMP”) so they can collect on cds’s when they have no intention of modifying, mostly because they are without the right to do so, says the complaint, And, capsulized, “the banksters don’t know who owns what”. The homeowners’ attorneys, with a couple caveats, are making a big noise that no one h.o. claims actual loss over 75k and have tried to restrict the conversion to acts regarding personal property, i.e., the borrowers’ money. It’s my guess that’s to keep it from being removed from the court it’s in, which imo is a good idea and tho I still have suspicions and doubts about this deal, I wish them luck on that one. Actually, I wish them luck on all of it because they’re gonna need it, and those bums HAVE converted our property.


    The $43 Trillion Bankster Lawsuit and the Mysterious Murder of Two NY Toddlers
    Susanne Posel Oct 27th, 2012 0 Comment

    Susanne Posel
    Occupy Corporatism
    October 27, 2012

    Last week, a horrific scene was discovered in a Manhattan apartment as the mother of two toddlers found her children dead in a bathtub and the nanny who was supposed to be caring for them began stabbing herself.

    Marina Krim, wife of Kevin Krim senior vice president and general manager of digital media at CNBC, had entrusted the care of her two small children to Yoselyn Ortega, a newly naturalized US citizen from the Dominican Republic. Ortega had worked for the Krim family for just 2 years before this violent incident.

    Although the New York City Police Department (NYPD) has not been able to interview Ortega because she apparently slashed her own throat and slit her wrists, she remains the main suspect in the slaying of the Krim’s 2 year old son and 6 year old daughter.

    Just prior to the murders, Ortega had begun seeing a psychologist. After investigations into Ortega’s background, there were no criminal records and no history of psychiatric issues. Yet those closest to Ortega told the NYPD that she had suddenly lost a considerable amount of weight and was showing visible signs of stress.

    According to Paul Browne, spokesman for the NYPD explains that: “Apparently over the last month she was not herself. There were financial concerns. She was seeking professional help and people noticed she wasn’t herself.” Other reports about Ortega’s mental state in the weeks prior to the murders reveal that she felt as though she were losing her mind. Ortega also had some financial difficulties which forced her out of her apartment with her son in the Bronx, and led to her moving in with her sister in Harlem. Yet despite these reports, Ortega never showed signs of personal problems with the Krim family.

    Raymond Kelly, NYPD police commissioner, confirmed that Ortega was in a medically induced coma at the Weil Medical Center, which rendered her unable to speak with police. The NYPD are baffled as to why this beloved nanny would brutally murder her two charges.

    Charlotte Friedman, a neighbor who lived in the same building remarked that Ortega “looked normal” just prior to the murders. “She had a poker face. There was no indication that something like this was going to happen.” Freidman went on to say that Ortega “She wasn’t warm. Usually when you smile at a nanny and the kids, the nanny smiles back. It’s instinctive. But she had a poker face. I didn’t get the sense she was evil, just cold.”

    Earlier this month, Scott Cohn, correspondent for CNBC, reports on a lawsuit filed by Eric Schneiderman, one of 10 New York State Attorney General citing JPMorgan Chase as profiteering from the mortgage-back securities which led to the stock market crash of 2008. Since Schneiderman filed the suit, eleven US prosecutors and 3 attorneys with the Civil Division of the Justice Department have assisted in the cases’ development for the purposes of using the lawsuit for future reference against other Wall Street financial firms.

    In January of this year, Krim was employed by JPMorgan Chase as a strategy consultant for only 3 months. This happened just prior to his employment with CNBC.

    According to court documents regarding the lawsuit, the purpose for seeking legal remedy is:

    1. The deceptive coercive methods employed by mega-banks to facilitate injured parties’ participation in loans and mortgages
    2. The fraudulent and illegal use of MERS
    3. Breach of plaintiff’s statutory rights
    4. Purposeful violation of consumer and homeowner protect statues
    5. Processing money from unknown sources in contravention of the Patriot Act of 2001
    6. Foreclosing upon and accepting monies for assets that do not exist

    The lawsuit states that there was a “a systemic fraud on thousands of investors” concerning the mortgage-backed securities first purvey by Bear Stearns, who was later acquired by JPMorgan Chase as part of the US governmental bailout of the banks after the 2008 crash. These securities were sold, according to the lawsuit, willfully and with intent by the seller to defraud and deceive investors. Because the securities were a combination of home mortgages, credit card debt and student loans which were bundled together and sold on the global markets after given a fake triple A rating.

    Some of the mega-banks named in the lawsuit are:

    • JPMorgan Chase
    • Wells Fargo
    • Wachovia
    • Citigroup
    • US Bancorp
    • Ally Financial
    • GM Acceptance Corporation
    • One West (owned by George Soros)
    • HSBC
    • Deutsche Bank
    • PNC Bank
    • Bank of America
    • Bear Stearns

    Many foreign and overseas banks were named in the suit in conjunction with the mega-banks – pointing to the fact that financial institutions like JPMorgan Chase, Deutsche Bank, and others were using offshore banks to hide their monies acquired by the mortgage-backed securities scam. In essence, these financial institutions took monies from mortgage-holders, funneled it to offshore bank accounts and then after securitizing the loans, took the actual property from the individuals.

    The complaint states that the Ponzi scheme concocted by the banksters was “the largest scheme in US history where domestic banking institutions – on an international basis” conspired together with the common purpose of engaging in a “worldwide scheme to steal, rob and convert the personal property, money and proceeds of such assets of each Plaintiff herein” with the obvious purpose of a conspiratorial “decade-long systematic conversion . . . that damaged millions of borrowers across the US.”

    This massive money laundering scheme was fostered by the Obama administration who gave the biggest bailout to the technocrats in the US. Indeed, Bank of America is instrumental in prospects that involved foreign countries in the largest global Ponzi scheme with the intention to steal and covert billions of dollars from millions of homeowners across America.

    This lawsuit and the tragic death of two children are connected. The truth of this lawsuit would bring down the greatest financial hoax of this century. The technocrats are willing to murder two innocent babies of a man who published the lawsuit on CNBC, because keeping the truth hidden is worth more to them than the lives of anyone possibly connected to the truth.

    Pay attention to the developments of this lawsuit. This may be our diamond in the rough.
    Tags: banks, featured, globalists, Government, new world order, obama, the fed

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  45. Yeah, I have an allonge, I think, too? A piece of paper, stamped by Steve Nagy, no date…just lingering in papers, attached to nothing. With an affidavit from the servicer…and I have a ledger from the servicer with a zero balance on it from 2011? Gets better and better. Hard to believe the judges rule for them on any of this stuff.

  46. Now this cracks me up. A h.o. has objected to the claim of a bankster and in his complaint says:
    “The allonge which first appears in Exhibit 3 was separately provided to CW Doc Custody Services to be attached to any previously unendorsed notes in order to make it appear that any debt was owed to whichever entity (raffle? – sic) might want to have a mortgage assignment prepared by ANYONE in ANY office ANYWHERE who had paid $25.00 to be listed as a vice president of MERS as soon as the collateral for a real estate loan would be selected for foreclosure or when ownership of the loan was needed to establish standing in a federal district or bankruptcy court.”
    I like this attorney – a lot. Now I have to go see how the bankster responded. I do feel bad, tho. I’ve been alleging lately that it only costs 20.00 to be a MERS v.p. , when it’s 25.00.

  47. 12-CV-04269-JBW-RML. Should be on Pacer…I’ll check around.

  48. Ask your Bankster Debt Collector a Few Core Questions about your Title …. And they will say.. What about It? We dont Know anything about the Title. What? Isnt the Title the Collateral your Trying To Collect on? Sure it Is! So they send it down to the Bankster Title Dept aka LPS and forge a few more docs . It does not matter if they Slander the title even more … its already rental property. Or Not …. The Banksters lined their Ducks up and Started Shooting at them. They forgot to Nail thieir lil peckers down and a few got away.

  49. Here is a very good analysis of that 43-trillion lawsuit. it is long and contains many links allowing you to check it out for yourself. It also closely associates Mitchell Stein (recently forbidden from practicing law in CA) with Spire Law Group and confirms that that law firm is not properly registered anywhere in the country, including and especially in CA and in NY. Mind boggling. I will range on the side of caution and so should you. Unless believing it is real helps you go through the day. Santa Claus is what allows parents to control their kids. So long as the kids believe in him, they’ll behave for a few weeks. Think about it under that light and draw your own conclusions. Just don’t get suckered into it. Personally, I’ll stick with Weidner…

    “I think this is a political fraud. First, if you look up the Spire Law Group, LLP, you will find a cheaply made brand new website. I know it is brand new because the Internet WaybackMachine has never captured. If it had been around just a few months, that website would have been captured. Here’s the message from the WaybackMachine: ” Here’s a capture taken 0 minutes ago from the live web that will become part of the permanent archive in the next few months.” So, what kind of great law firm dedicated to fighting corruption on behalf of the public has never been on the Internet before right now?

    When you read the law firm’s statement about it’s past, you see that it claims to have been around for a long time and to have major corporate clients. Somehow “Defending the public against corruption” doesn’t square up with representing major corporate clients.”

    “…Are any of you in New York? Do you live near Brooklyn? Take a little trip over to the U.S. federal courthouse and look up this case: 12-CV-04269-JBW-RML. The Clerk of the Court will be very helpful. See if there are any filings after the initial lawsuit (motions, orders, etc.). I’d be interested in any copies. I’m willing to bet this suit has been dismissed.

    Now this is spinning out of control. People are connecting the killing of the children of a CNBC executive to the network’s reporting of Stein’s fraudulent lawsuit….”

  50. Yes Poppy! Its All In the Pleadings! And You are Right, they only aquired the Servicing Rights. Thats the problem with the Titles. That is why they will fight til doomsday to get the FC Deed. Because if they dont …. the position they left homeowners in is UnAcceptable & Very Costly! Land Law and Contract Law is Still Legal to Enforce! YEP! The two very things … they are avoiding! Kick Banksters Butt and Watch the Buttwipes Fly!

  51. A very good analysis of the “43 trillion lawsuit”. I’d read it very closely and check every link the author posted before concluding that we, homeowners, have a touch down!

    Some quick notes on $43 Trillion nutcase lawsuit
    Ok, there are just far too many people spreading this shit around on the Internet. So, to make sure they don’t continue without thinking, let me do a little checking for them. The Wall Street Journal’s Market Watch has published (and perhaps others) a most idiotic PRESS RELEASE without checking it at all.

    Here’s the PRESS RELEASE.

    First, it was put out by The Spire Law Group. So, let’s go to their web site. You would think a reputable law firm offering up the most monumental law suit in history to be able to show they have some very hefty litigation experience. So let’s see who they are.

    Their web site is currently at
    I wonder how long they’ve been around, so let’s check them out on the Internet Archives – the Wayback Machine:

    Mmm, that page is not archived – no prior copies, no former web pages under that domain name.

    OK, so let’s check them on WhoIs.
    They only just registered on April of last year.

    Let’s click and enter their page.
    Under the top heading “The Firm’s Heritage” they immediately state “Spire Law Group, LLP, California State Bar Registration Number 54393.”

    Well that’s very useful because we can immediately go over to the California Bar’s website and check this registration number.

    So, what does California tell us? Well, that the registration number claimed by Spire really belongs to Marjorie Ellen Reed, or I should say “belonged” because, you see, Ms Reed resigned and may not practice law in California. Oh, and she resigned in April of 1999. It’s a little unsettling that the Spire Law Group could have gotten its own registration wrong, isn’t it. Mistakes do happen, but I know if it were my web site and I were a super law firm I’d make sure that something like this right on the very first page declaring our “heritage” was correct – wouldn’t you?

    Publication of the web page in April of 2012 fortuitously coincided with this PRESS RELEASE on marketwire

    In July they issued another PRESS RELEASE in Transworldnews

    On their own web site under the tab “In The News” regarding that second press release. Here’s a short excerpt: “On April 23, 2012, Spire Law Group, LLP – the National Law Firm devoted with more than 250-years-experience in piercing governmental corruption – announced to the world its landmark money laundering lawsuit in Kings County, New York, in behalf of home….

    That’s pretty impressive. Does that mean they have 250 lawyers one year out of law school comprising that 250 year experience? Just a thought.

    They issued another press release in August. You can see that one here, also at TransWorldNews.

    The latest one in WSJ’s MarketWatch hasn’t made it into the web site yet.

    You might well ask yourself, hasn’t this law firm been spending a lot of time issuing press releases? Do really good law firms do litigation by press release?

    Allow me a little backtrack. Last April a friend of mine had sent me a press release she had found on yahoo. They had picked it up from MarketWire. (the first press release). I did some quick digging and wrote her back. Note – the cheaply made web site I refer to was one of those self-made “under construction – wait for something later” ones. I wish I had saved the screen capture. I’ll look around and if I find it I’ll add it later. I’ve asked her, but she long erased the email. So here is my response to her:

    I think this is a political fraud. First, if you look up the Spire Law Group, LLP, you will find a cheaply made brand new website. I know it is brand new because the Internet WaybackMachine has never captured. If it had been around just a few months, that website would have been captured. Here’s the message from the WaybackMachine: ” Here’s a capture taken 0 minutes ago from the live web that will become part of the permanent archive in the next few months.” So, what kind of great law firm dedicated to fighting corruption on behalf of the public has never been on the Internet before right now?

    When you read the law firm’s statement about it’s past, you see that it claims to have been around for a long time and to have major corporate clients. Somehow “Defending the public against corruption” doesn’t square up with representing major corporate clients.

    I did some more digging and found this interesting little tidbit.
    Go to That is Mitchell Stein’s web page “Mitchell J. Stein & Associates LLP.” It has an imposing black background with a picture of a Doberman Pinscher and the tag “You Hold The Leash.”

    Here’s what it says right on its home page:

    As the state, federal and corporate corruption continues, the Firm has now — in April, 2012 — filed suit in New York against thousands of offshore entities formed since 2009 to launder home owners’ money for federally chartered bank servicers. If you own a home in the U.S. and took out a loan between 2003 until today, the laundered money likely includes your money, as to which you may have rights to damages and injunctive relief.

    As of April, 2012, the California Secretary of State and the California State Bar, ratified and approved the name change of Mitchell J. Stein & Associates LLP to Spire Law Group, LLP. The Firm is now known as Spire Law Group, LLP.

    At the request of interested parties — mostly home owners — we have left here Mr. Stein’s open letter the public just as it was written approximately one week prior to the “raid” on the Firm.

    This link will take you directly to the Spire Law Group, LLP website. Please contact the Firm to learn how to obtain password information for client interactive and expansive information recently uncovered by the Firm.

    We sincerely appreciate the loyalty and integrity of American home owners in fighting the good fight in this epic battle between good and evil; between greed and innocence; between corruption and morality; between sleaze and decency. This battle is just now taking shape and to those of who you maintain interest in the crusade, the Firm remains where it has always been: In the trenches and on your side.

    The Firm links its 2012 New York lawsuit here for your convenience and informs that this WebSite will not be modified in the future because all information is now maintained on the Internet site of Spire Law Group, LLP.

    So there you have it. The Spire Law Group is none other than Mitchell Stein.

    Mr. Stein includes this interesting warning at the bottom of his page:

    Important Warning: The name Mitchell J. coupled with the Moniker of a Doberman Pinscherhas [sic] been recognized as protected by law since 1991 (“Mark”). Copyright © 2012 Mitchell J. Stein & Associates LLP nna [sic] Spire Law Group, LLP.. All rights reserved. The Mark has been licensed by the Firm from Mr. Stein for the Firm’s exclusive use and benefit both nationally and internationally.

    Curiously, if you go to the State of California Secretary of State’s web site and look up Spire Law Group, LLP or any combination of those words you will find nothing. The same goes for a search on Mitchell J. Stein & Associates LLP. In fact, if you search for Mitchell J. Stein in the California State Bar you will find that Mr. Stein, registration #121750 is “Not eligible to practice law (Not Entitled). Effective 1/1/2012 Mr. Stein’s license was Ordered inactive. The case number is 11-TR-18758. The resulting status reported was “Not Eligible to Practice Law.”

    Stein sued California for a Billion dollars, including AG Kamala Harris, and half the world, including one James Toma, who was Deputy AG under Ed Brown before her. Stein’s complaint was dismissed.

    Mitchell Stein used to be known as the “Get out of Debt” guy. Any person with half a brain could Google him and get a ton of information that would confirm the general insanity of his lawsuits. It reminds me of the character in Rebecca Skloot’s book about the life of Henrietta Lacks, Dr. Sir Lord Keenan Dester Cofield. Mitchell Stein is a mammoth gargantuan fraud. And the Wall Street Journal has aided and abetted in his latest fraud.

    Look at his reference listed on his web site:

    “Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein’s office during a multitude of in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions,”

    Anybody who has read knows there were plenty of Republican politicians involved in this and that the government involvement goes deep into both the Clinton and Bush administrations, but he only complains about Democrat California Senator Dianne Feinstein.

    On the law firm’s current web site there is no mention of any of the lawyers in the firm, not even Mr. Stein. He is less a lawyer than a “financier.” He only set up his own Mitchell J. Stein & Associates website in Feb of 2011. See, You can click on the links to see what the site was like originally. Compare it to what he has now. Does that look like any law firm web site you have ever seen?

    This is what Stein said about himself (now not in his current web site):

    M.J. Stein, Esq. is a 25-year award-winning litigator, trial lawyer, financier, and entrepreneur. He has represented many of the world’s largest companies in State and Federal Court, and has been involved in some of the highest profile cases in the Nation’s history. At MJS & Associates, you will find a level of lawyering that is among the best in the profession. We are one of the few to guarantee your satisfaction.

    Are you beginning to get the picture here?
    The first cheap web page that was he set up for Spire said:

    Spire Lawyers’ representation of wealthy individuals and large corporations continues to this day as an important legacy and current reality of the Firm’s practice. Its representation of the masses across the Country is another reality created by the worst decade of bank and governmental corruption in world history. This corruption is a part of the public dialogue in 2012 and has been recently reported on in sources ranging from the New York Times to small Internet publications.

    ??? representing wealthy individuals and large corporations???

    Now, the new representation of “the masses” sentence reads like a propaganda pitch. The article you link seems to blame it all on Obama. This is bullshit paid for by the super wealthy Republicans as a campaign strategy to smear and discredit Obama in the eyes of the stupid voters for the upcoming election.

    Are any of you in New York? Do you live near Brooklyn? Take a little trip over to the U.S. federal courthouse and look up this case: 12-CV-04269-JBW-RML. The Clerk of the Court will be very helpful. See if there are any filings after the initial lawsuit (motions, orders, etc.). I’d be interested in any copies. I’m willing to bet this suit has been dismissed.

    Now this is spinning out of control. People are connecting the killing of the children of a CNBC executive to the network’s reporting of Stein’s fraudulent lawsuit. See, for example, here. Do you possibly think that CNBC removed the story because somebody did just a little bit of background checking – unlike the Wall Street Journal? I could jump to the conclusion that WSJ has become a bullshit propaganda rag just like Rupert Murdoch’s FoxNotNews, but I’ll let time prove or disprove that.

    Don’t get me wrong. There is plenty that can be said about the corrupt, racketeering Wall Street bank gangsters, but a 400 page lawsuit naming everybody including your grandmother and for FORTY THREE TRILLION dollars? Please.

    Martin Mandelman has written on his former high school classmate, Mitchell Stein. Do yourself a favor and check this out.

    Here’s some of it…

    “Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division announced today that attorney Mitchell J. Stein was arrested on Sunday, December 18, 2011, at Los Angeles International Airport on charges related to his alleged role in a multi-million dollar market manipulation stock fraud scheme. Stein was arrested for his role as attorney for a South Carolina health care device company, Signalife… now known as Heart Tronics.

    Huh? Say what?

    Apparently, an indictment was unsealed yesterday in U.S. District Court for the Southern District of Florida charging attorney Mitchell J. Stein, 53, of Hidden Hills, Calif., and Boca Raton, Fla., with one count of conspiracy to commit mail fraud and wire fraud, three counts of mail fraud, three counts of wire fraud, three counts of securities fraud, three counts of money laundering and one count of conspiracy to obstruct justice. The indictment also seeks forfeiture of the proceeds of the offenses.

    Huh? Say what?

    The indictment alleges that Stein has been engaged in a scheme to pump up the stock price of Signalife Inc. by lying about the company’s sales activity. Signalife is now known as Heart Tronics. It was a publicly traded company that purported to sell electronic heart monitoring devices, and according to the indictment, Stein’s wife owned approximately 85 percent of the shares.

    According to the indictment Stein and co-conspirators faked purchase orders from fictitious customers and then issued press releases and filed documents with the Securities and Exchange Commission (SEC) that reported the fictitious sales. They also created the false appearance of sales activity, by shipping products to an individual who would store them even though they had not purchased any products.

    The indictment also says that Stein and co-conspirators sold shares of Signalife at inflated prices, hiding the fact that they were doing so by placing shares in purportedly blind trusts. And not only that but Stein and co-conspirators also allegedly issued additional shares to third parties so that those third parties could sell the shares and remit the proceeds of those sales to Stein and his co-conspirators.
    Stein also conspired to obstruct an SEC investigation into Heart Tronics by testifying falsely and directing others to do the same.

    If Stein is convicted, he could face up to 20 years in prison on each count of mail fraud, wire fraud, securities fraud, and conspiracy to commit mail and wire fraud, and up to 10 years on each count of money laundering, and up to five years on the conspiracy to obstruct justice count. And the SEC announced its filing of a civil enforcement action against Stein and others, the result of their conducting a parallel investigation.”

    Mandelman was shocked. He added, “Okay, so what the heck has been going on here. I thought Stein was suing banks, but apparently he was actually a lot closer to robbing them? It’s like finding out that you went to high school with Charles Keating. Like… OMG. I mean… OMG!”

    Here’s the criminal indictment filed in Florida against Mr. Stein.

    I’ll get more on the Florida case this week.

  52. Still don’t know what to make of that lawsuit… Like everything, strong opinions are flying in both directions. Weidner doesn’t mince his words. Very few others I trust have commented on it. Jeff Barnes, Timothy McCandless, Max Gardner, Mark Stopa… not a word. Discernment is what homeowners need the most right now.

    Abeel v. Bank of America…The $43 Trillion Warning….CONSUMERS BEWARE!
    October 26th, 2012 | Author: Matthew D. Weidner, Esq.

    Consumers all across this nation have been preyed upon…and they continue to be preyed upon as they take efforts to save their homes. It’s particularly disturbing or me when consumers are preyed upon by lawyers who prey upon them to sell them a bill of goods.

    Pay attention to whatever the outlandish claims that are vaguely framed in a monstronsity of a 400 page lawsuit. As a friend questioned…..What kind of lawsuit begins with a press release?

    Good question….and the answer is….it’s not at all proper for such things to be in a lawsuit.

    I’m exhausted by all this….

    And you cannot count on anyone from government to protect consumers…

    Perhaps the federal judge in this case will have a word or two to say to protect consumers….

    abeel v. bank of america

  53. @ Shadowcat

    I’m in deep with BOA…they only acquired servicing rights to the loans, have paperwork. They are filing against me with Countrywide Homes Loans, Inc, they merged into BOA in 2009 formally. Under the law, a merged corporation, not doing business as the dissolved entity is not supposed to sue or defend litigation.That should have been the end of it, where the judge gave them a summary judgment against me 12(b)(6) NC; failure to state a claim for which relief can be granted, and said: if I didn’t like his ruling to appeal it…UGH, all while they do not exist as a corporation since 2009, judgment granted in 2012, we are now on appeal. So, we tie it up for 9 more months and then if we lose, we will file another complaint.This time, we will file and state: there is no default, there is no loan, payments are not due to this party, as Bank of America, NA is a trust entity and does not exist as a lending bank, loan generator or holder in due course. So we are done here…the pleadings are everything.

  54. This Morning, I again recognize the Many Blessings God Shared with me. For what I thought a burdon bourn upon my shoulders for many years because I didnt see the answers … I couldnt see the Light. As you all know, my husband bought our retirement home before we marketed our current redisence at the time. Having planned to sell and transfer equity and pay off the new home in a very short period of time. Things didnt work out that way … selling the old home”. But what happened with the new home was this … Loan was table funded,( Loan was 1st ever FHA) with the intention to transfer to CWs SPV FM …… Il AG Consent order Banned CW from funding, buying or selling kicked in the day after closing. Broker lost his SPV … Loan was Never Registered with SEC… confirmed! Loan was never Registered with FHA…… confirmed! Public Records indicate the Broker Still Owns It …. They also indicate that CW and BofA have Both Commited Criminal Slander to the Title! Public Records indicate that CW filed false affidavits with the Court & County Recorders Office …. The court case was left open unknown to us, there were never any hearings …. the Loan Mod Fraud Default was Cured 2yrs earlier. BofA …. scheduled a hearing (without Notice) behind our backs to get judgement under CW case. Didnt Happen! About 60 days or so later BofA send NOD for property taxes (escrowed with payment). Attorney brought in again ….. Tried to clear LP from title. Fraud release by attorney who filed it for CW. At the same time he filed MERS transfer of the Note and Mortgage together to CW,BAC,BofA. Ut Oh…. We Never did anything Wrong! This is Why BofA is being sued for carring on with CWs Criminal Actions. Just settin on the sidelines waiting for BofA to cross the line again …… after putting BofA on Notice …… You Broke It, Its your responsibility for the costs to repair it. Not Mine! Bite on that Mr Bankster!

  55. This is a Classified Ad in being run in Illinois … OK…. then…..

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  57. @ Enraged
    i know “where is the outrage” i am furious and thats a really strong word for a brit, a step up from “a bit cross”
    the cleanup of the banks and the control they have is going to take dedication and decades when you consider those at the top are involved in money lauderring for the drug cartels, i mean how low can you go. I maintain that the only thing we have right now is the rule of law,THE LAW THE REAL LAW AS WRITTEN fining the white collars is unacceptable. how come madoff does time and JD ponses around flaunting the presidential cuff links, i agree with Java, the president had a job to do and failed because i believe that was in fact his real job., Romney will fail the people too. we need a few more good men/women judges to hold their feet to the fire and a few more attorneys who will go the distance because its the attorneys that can protect public interest, which is what the AG,s did not do, i wish we could sue the AG,s. for that disservice, who will do that…so you get my point.

  58. BTW: Milken, whoever mentioned him, his defense attorney is/has been working for New Century, Hmm……..

  59. The rest of the world is rioting, demonstrating, demanding an accounting and pretty much ready to blow. Here, not so much. Make no mistakes: those who take action will shape the world’s future. So, if you don’t want socialism, social reforms and what not, do your part: get off your butt and assemble. Otherwise, don’t complain when the result doesn’t measure up to your expectations.

    Occupy Movement Rallies for “Debt Strike” Worldwide
    Video posts Video
    Translation posted 27 October 2012 10:55 GMT · View original post [fr]

    A small portrait of Stanislas Jourdan Written by Stanislas Jourdan
    Translated by Carol Osborne
    Countries U.S.A.
    Topics Ideas, Protest, Economics & Business, Citizen Media
    Languages French, English
    TranslationsThis post also available in:
    Ελληνικά · Το κίνημα Occupy ξεκινάει την “απεργία του χρέους”
    Français · Occupy lance un préavis de “grève de la dette”
    submit to reddit

    Under the slogan “You are not a loan, you are not alone,” Occupy Wall Street’s “Strike Debt” group is aiming to inject life into a resistance movement against debt repayment. The operation is gaining worldwide support, and could very well revive the protest movement which was born a year ago.

    Strike the Debt poster – Public domain

    The basic premise laid out in a joint statement by Occupy Wall Street, Real Democracy Now, the 15-M movement and various organisations asserts a demand for a debt audit by the people, announcing:

    To the financial institutions of the world, we have only one thing to say: we owe you nothing.

    Mortgages, medical debts, student loans, credit cards, or even local government debts: making war against any form of illegitimate debt is the new combat for an increasing number of protest movements throughout the world.

    There are already several videos online calling for debts to be wiped out:

    The movement is already world-wide, but its momentum originates in the United States, where a striking reality cannot be denied: a debt strike is actually already underway there. Nicholas Mirzoeffe writes in his blog:

    27 percent of student loans are in default and that number is rising.

    $1.2 trillion of mortgage debt is underwater (debt exceeds value of property) or about one-third of all properties.

    5 million homes have been foreclosed and 5 million more are under threat of foreclosure, meaning that owners are in default or behind on payments. 300,000 people had a foreclosure notification added to their credit report in the first quarter of this year. 27% of mortgages are seriously delinquent–ironically, a slight improvement. 300,000 more people went bankrupt.

    The average credit card debt per household has fallen from $17, 936 in 2009 to $14,336 now: because of mass default. In 2010, credit card companies had to write off fully 10% of all debt.

    Read the rest here

  60. So, tell me again… The reason no one is rioting in the streets and storming the White House and Congress is… what? It’s getting cold outside? The timing is inconvenient? Too busy? We’re approaching the holidays? What? What’s the reason behind such apathy?

    Wall Street’s “Deficit Manifesto”: Eighty Top CEOs tell Obama, Romney to Slash Social Spending
    By David Walsh
    Global Research, October 27, 2012

    The chief executives of 80 large US corporations have issued a “Deficit Manifesto,” calling on the next president to “fix America’s debt” by making substantial “changes in the federal budget.” The statement was published by the Wall Street Journal on Thursday.

    Behind the innocuous phrases is the demand by some of the richest individuals in America for the slashing of Medicare, Medicaid and Social Security and a general offensive against the working class.

    The CEOs’ letter, signed by a “Who’s who” of CEOs at giant US banks, financial firms and industrial corporations, calls on politicians to acknowledge “that our growing debt is a serious threat to the economic well-being and security of the United States.” It calls for Washington to adopt “an effective plan [to] stabilize the debt as a share of the economy, and put it on a downward path.”

    The plan should be enacted now, “but implemented gradually to protect the fragile economic recovery and to give Americans time to prepare for the changes in the federal budget.” In other words, their proposals would worsen life for wide layers of the population, who need to “prepare” themselves for a drastic decline in their conditions.

    Making no reference to the trillions of dollars made available to the banks during the financial bailout nor the trillions more that go toward imperialist war and the global defense of their economic interests, the company heads insist that the target of a plan to “fix America’s debt” should concentrate on the programs that assist tens of millions of working people, the poor and retirees.

    They argue that a plan must “Reform Medicare and Medicaid, improve efficiency in the overall health care system and limit future cost growth” and “Strengthen Social Security, so that it is solvent and will be there for future beneficiaries.” These are code words for gutting these programs, which the wealthy consider an intolerable drain on resources.

    The CEO statement also calls for “comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues and reduces the deficit.” Felix Salmon of Reuters comments, “You can’t have lower rates and higher revenues—not without eviscerating pretty much all of the tax deductions which much of the middle class has learned to rely upon. Mortgage-interest tax relief, the charitable deduction, even the deduction for state and local taxes: pretty much all of them would have to go.”

    Salmon comments sardonically that “the letter basically just says ‘please cut our taxes, raise taxes on everybody else, and cut the benefits they get from Medicare, Medicaid, and Social Security, which are programs we individually don’t rely upon.’”

    The statement concludes by calling on Washington to implement the recommendations of the 2010 bipartisan Bowles-Simpson Commission.

    Those included some $4 trillion in budget savings to be achieved almost entirely at the expense of the working population: new taxes on consumption and employee health care benefits and cuts to the federal old-age insurance programs, Social Security and Medicare, and to the jobs and pay of government workers. At the same time, Bowles-Simpson called for large tax cuts for the rich and corporations.

    In fact, the Wall Street Journal points out that the CEO manifesto “was organized by the Fix the Debt campaign, a bipartisan effort largely inspired by Republican Alan Simpson and Democrat Erskine Bowles, who chaired a 2010 deficit panel appointed by President Obama and have been crisscrossing the country sounding fiscal alarms.”

    The new “manifesto” comes on top of a letter issued last week by 15 CEOs of banks, brokerages and insurance companies calling for the federal budget to be reduced and warning that failure to take action by the end of the year could result in renewed financial crisis and economic slump. Among its signatories were Jamie Dimon, CEO of JP Morgan Chase; Lloyd Blankfein, CEO of Goldman Sachs; Michael Corbat, CEO of Citibank; John Stumpf, CEO of Wells Fargo; and Brian Moynihan, CEO of Bank of America. (See “Wall Street issues its orders to Obama, Romney”)

    Dimon, Blankfein and Moynihan also attached their names to this week’s open letter. Among its other signers were the CEOs of Alcoa, AT&T, Boeing, Caterpillar, Delta Airlines, Dow Chemical, GE, Merck, Microsoft, Time Warner, UPS, Verizon, etc. Financiers, speculators and asset managers are also on the list, including Leon Black of Apollo Global Management, Larry Fink of BlackRock (with $3.3 trillion in assets under management, the world’s largest such firm), Martin L. Flanagan of Invesco and Thomas M. Joyce of Knight Capital Group.

    It seems probable that every one of the 80 on the list is a multi-millionaire, simply on the basis of his or her annual compensation. A little investigation reveals that the following signatories did well for themselves last year: David Cote of Honeywell took in $56 million in total compensation (fifth-highest paid executive in the US), Dimon of JPMorgan Chase earned $42 million, Paul Jacobs of Qualcomm made $36 million, Randall Stephenson of AT&T, $26 million, Alexander Cutler of Eaton Corp., $26 million also, BlackRock’s Fink, $23 million, Jeffrey Immelt of GE, $21 million, Goldman Sachs’ Blankfein, $21 million as well, and Glenn A Britt of Time Warner, $17 million.

    How many billionaires are there among the “Deficit Manifesto” signers? Steve Ballmer of Microsoft, worth $16 billion and the 19th richest person in America, according to Forbes, is one. Fellow billionaires Leon Black, Andrew and James Tisch of Loews Corporation, Bill Ackman of Pershing Square Capital Management and Steven Roth of Vornado Realty are also on the list.

    Eighty corporate-financial thieves, who between them are largely to blame for the financial disaster of 2008, who are collectively responsible for the destruction for countless jobs and entire communities, publicly inform the political powers that be what the policies of the next government—theoretically still elected by the populace—are to be.

    And, of course, the response of the Obama and Romney camps to the CEO letter was sympathetic and even enthusiastically supportive. The Journal cites the comment of Obama campaign spokesman Ben LaBolt: “There’s a strong and growing consensus that the only way to reduce the deficit while also growing the economy is through a balanced approach that includes both tough spending cuts and increased revenue.”

    Romney campaign spokeswoman Amanda Henneberg told the newspaper, “As president, [Romney] will bring his record of bipartisan success to Washington and put us on a path to achieve more than the Simpson-Bowles commission ever proposed—balancing the budget within the next 10 years.”

  61. MD,


  62. 3 years and still fighting…..

  63. @ Enraged…Thank you and I whole heartedly agree that you never know what’s true or what to believe. I see a story like that and I crack a grin hoping that it will end in some of these crooks going to jail.


    Royal Bank subpoenaed in LIBOR probe
    The Canadian Press
    Posted: Oct 26, 2012 10:40 AM ET
    Last Updated: Oct 26, 2012 1:33 PM ET
    Read 27 comments27








    There are reports that Royal Bank of Canada has been served with a subpoena from U.S. state officials as part of their probe into the possible manipulation of a key benchmark used to set interest rates.

    The Wall Street Journal and other business publication report the subpoenas were issued to nine banks, including RBC, in August and September, according to an unidentified person familiar with the investigation.

    That brings to 16 the number of banks served with subpoenas, including seven that had become public earlier.
    Global investigation

    The U.S. investigation by the New York and Connecticut attorneys general is part of a wider probe in several countries that stems from a major U.K. bank’s admission that it had provided false information used to set the LIBOR rate.

    RBC is Canada’s largest bank, with operations in major financial centres around the world including London.

    The bank said last summer that it followed the rules in submitting information for compiling the London Interbank Offered Rate, which is used widely as a benchmark to set interest rates on business and consumer debts.

    That assurance was repeated Friday in RBC’s response to the news reports.

    “We have determined that our Libor submissions reflected our cost of funds,” said Gillian McArdle, head of communications for Canada at RBC Capital Markets.
    Rate-fixing alleged

    The rate is set by gathering information from a small number of large banks, using a system that’s intended to prevent any one member of the group from manipulating the rate.

    Questions about how LIBOR is operated arose after Barclays Bank agreed to pay a record $450 million fine to settle allegations its traders had manipulated submissions to LIBOR.

    While Barclays actions by themselves were probably insufficient to affect LIBOR, there authorities in Britain and elsewhere have launched probes to see if it was a more widespread problem.

    Canada’s competition bureau and other Canadian regulatory bodies launched their own probes in light of the Barclay’s revelations but there have been no allegations levelled against RBC.

  65. MD,

    Don’t know. In these days and ages, it is pretty darn hard to know what and whom to believe! That’s why our best bet is to chose to believe the best, put a positive spin on it and on whatever else we read and act accordingly. That’s what i do and it works for me.

    There was a piece a few months ago on an attorney whose name I can’t recall, who was with the Spire law firm (of which Wittenberg is a part, that same Columbus OH Wittenberg mentioned by NG the peddler as having joined him in the fight against foreclosures) and who publicly denounced Spire and that lawsuit, arguing that people had to pay dearly to jump on that class action and attorneys were worked to the bone, slaving upwards of 80 hours a week to cram and attempt to investigate what he qualified as so monumental that it will not amount to much for the parties to the action other than additional expenses they won’t recoup. I found it interesting that Matt Weidner today would have put a similar spin on it.

  66. So the link I posted previously that. I found posted on CNBC’s site yesterday is a scam by Spire Law Firm?

  67. The Abeel v. Bank of America HOMEOWNER SCAM WARNING!
    October 27th, 2012 | Author: Matthew D. Weidner, Esq.

    The latest scam targeting homeowners is not the 49 State Attorney General Sellout anymore….it’s a “lawsuit” called Abeel v. Bank of America.

    I wonder how long it will take before the Federal Judge presiding over the case hauls these people into court and tears them apart….I’d really like to get my hands on a copy of that transcript.

    The lawsuit invokes the name of one of the true heroes in the fight to protect consumers, Neil Barofsky…attributing to him a statement that he did not make….

    In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants.

    I can only imagine the hard core solicitation machine that’s cranking up and wonder how many tens of thousands of dollars consumers are throwing at this thing.

    I only hope someone can shut this nonsense down before more homeowners are sucked in….
    Scridb filter


    If you receive a solicitation that looks or says anything like what you see below, DO NOT RESPOND TO IT… IT IS A FRAUD… IT HAS NOTHING TO DO WITH THE ATTORNEY GENERAL OFFICE.

    Contact your state Attorney General Office, or local law enforcement, and file a report. Help put these people away before they rip off anyone else. If you’ve already been the victim of this company’s deceptive and illegal tactics… don’t hesitate… call local law enforcement and report them.

    You may also see one with the words, OBAMA LOAN MODIFICATION, as well.


    Mandelman out.


    From: U.S Mortgage Servicer Settlement — Case Questions []

    Sent: Monday, October 22, 2012 1:19 AM

    To: Martin Andelman

    Subject: Mortgage Servicer Settlement – Restituation File Acceptance

    Importance: High

    Protection unit
    NCAC MORTGAGE INVESTIGATION / Case registration: 855 law 5559

    October 22, 2012

    Full Name: Martin Andelman

    Case Restitution File: CC-12-0764

    Public Fraud Protection Unit

    Re: Mortgage Servicer Settlement – Restituation File Acceptance Process & Conditions

    Dear Martin Andelman,

    This is a response to the restitution claim form you submitted to the Public Protection Unit, regarding the recent mortgage servicer settlement. To be considered for a reduction payment from the settlement fund, we must be able to determine whether there was wrongdoing by your servicer with respect to your foreclosure or modification. We are in receipt of your documentation: however, our office is requesting you submit a written or typed explanation of your allegation against your servicer company.

    To register your case please contact the main office : Claims & Investigation Toll Free: 855 270 5421

    If you are receiving this letter, you claim form failed to include an explanition to support your claims. Please provide a detaled account of your communications, names of the servicer contact and the substance of your communications. If we do not receive further information from you, you claim will not be considered further. Specifically, please provide all information concerning the handling of any modification request, bank processing erros or foreclosure.

    Thank you in advance for taking the time to assemble this information. We look forward to receiving it no later than Oct 31, 2012. This deadline is final. Your claim will be considered at the time. If you have any questions or concerns about this process, please do not hesitate to contact our office at ( 855 ) 270 5421.


    Sarah Kim

    Toll Free: 855 270 5421

    Public Fraud Protection Unit

    Office of Attorney General

    National Bank Fraud Settlements

  69. false defaulter advocates should like this:

    “NRS 205.405 Falsifying accounts. Every person who shall, willfully or maliciously and with intent to defraud, make any false entry, or fail to make an entry, of any material matter which it is his or her duty to make, with intent to injure another, in any private book or private account, shall be guilty of a gross misdemeanor. ”

    Now this is just for falsifying the account. There would be other
    names of violations for acting on a falsified account, imo.
    I would be surprised if every state doesn’t have a statute like this one.

  70. sorry – never mind my ref to abeel. I should’ve read it first. Think it was here a few mos ago, anyway, and generated zip excitement.

    Under applicable law, are these trusts irrevocable? Anyone know?

  71. Here’s the lawsuit:

    Easier to read if downloaded first.

    If this turns out to be a publicity stunt for the law firm because there
    is no private right of action, I sure hope all those homeowners footing the bill get their money back. I do remember a couple Nevada attorneys who filed a private action for state causes. There’s a name for it, which of course I forget. Let’s see if Spire alleges any form of that at all. I just found it, so now I’ll read it to at least see the stuff
    alleged. Thhis may have been filed in april, so why the attention now, got me.

  72. Spire is trying to allege a private right of action for violation of
    acts for which prosecution is generally the province of the gov?
    Maybe that’s not the case, but I don’t think I’m overly pessimstic in thinking they won’t get far.
    Still, it will be an interesting, enlightening read and get info out there.
    If they’re specific enough, it might force those to act who should have acted already; even so, they better have long, long arms to get that dough back. Wonder who is footing the bill for this megasuit.
    But can you imagine if we got 43 trillion back?

  73. NG – since you do sec’n searches, you must have read a ton of
    psa’s. Hopefully you’ve read some master servicing agreements, also.
    Somewhere in all those pages, the subject of default (whose) and foreclosure must be addressed. As to FNMA loan’s, In the prospectus, it’s clear FNMA guarantees payments, and when FNMA has had to make four payments because the h.o. hasn’t, to end its guarantee, FNMA may repurchase the loan. That is the only way FNMA may terminate its guarantee. Therefore, the servicer or secn trustee may NOT in fact foreclose in the trustee’s name – because of the guarantee, the trust would have to sue FNMA for non-performance first UNless – maybe – the agreement also provides for rights of subrogation, which I doubt it does or even may. Again, these are trusts governed by trust law, not just notes governed by the UCC. What this says to me is that any loan which was securitized going thru FNMA cannot be enforced by a trust trustee (more accurately, in its name).
    The proper procedure is for FNMA to buy the loan (or whatever the trust actually ended up with, like a security interest) Then FNMA could be the party foreclosing and also using a credit bid. FNMA has repurchase agreements with the entities from whom it purchased loans. How long they’re good for as to particular loans, I don’t know. Bankster has to repurchase if loan is in default in 1st year? 2 years? 3? FNMA probably doesn’t have to
    invoke the contractual repurchase agreement against the banksters, Unless failure to do so creates a loss to FNMA which should not be borne by FNMA. If FNMA takes the hit, it has socialized a loss which could and should be borne by another party.
    Maybe that loss is what’s reviewed / determined in that NPV business for modification, with which anyone interested in modification should become intimately familiar.
    These facts may also be true as to FHLMC loans.
    Where I’m going is that any loan which went thru FNMA can’t be foreclosed by the sec’n trust. It may only be done by FNMA after repurchase -or- by the bankster whom itself had to repurchase from FNMA (and then there’s room for discussion on any insurance the bankster might get). But it looks to me like they’re skipping all that and foreclosing in the trusts’ names for the purpose of avoiding the contractual repurchase mandate and wrongfully availing themselves of a credit bid in the trusts’ name. That’s why I ref the psa and ms agreements. What do they say about default and the guarantees? Let me guess – nothing? (Further, if the servicer actually foreclosing is not the contractual agent of the trust, the trust doesn’t even have possession or constructive
    possession (if it ever did) of the note to rely on Article 3.)
    Others may not bid in the trust’s name, certainly absent a contractual right to do so. FNMA can’t assign a credit bid it itself has no right to. FNMA has an obligation to maintain its guarantee unless it repurchases the loan, and each payment made by FNMA reduces the note accordingly. (No one EVER computes these guarantee-payments, and thus, the figures provided to homeowners are false – we know at least 4 payments had to have been made by FNMA) Btw, you can run your own amortization
    schedule at multiple sites online.

    Would a court say big whoop if the trust suffered no damage? Doesn’t the trust suffer damage by loss of the guarantee, which may only be 86’d by repurchase at the present principal balance, but the trust only gets a check for the amt of the resale (if that – garbage fees, r.e. commissions, holding costs, etc) Ftr, at least one group of investors is suing to be informed of defaults. Obviously the investors would be interested, but can these facts benefit the homeowner? For one thing, if debt forgiveness is 86’d, the homeowner will certainly end up with a 1099 in an amt he would not have laid on him if FNMA maintained its guarantee until it repurchased (and again, I don’t think 1099’s, or NOD’s, or any claim against a homeowner reflect the guarantee payments) so the h.o. is in fact impacted/ injured. Injury = cause of action – and who’s to say the homeowner didn’t rely on FNMA’s known guarantee? A reach, but still. Secondly, if FNMA repurchased the loan and didn’t invoke the repurchase with the bankster, the h.o. should be able to negotiate with FNMA. And in that regard, why couldn’t FNMA be the recipient of HAMP funds? Wouldn’t this more appropriately reflect HAMP’s intent and eliminate any third party conflicts? What’s to preclude FNMA from hiring out of work Americans to process modification requests? Services aren’t always any more licensed lenders than FNMA. According to carie, the servicer can’t obtain an interest in the loan while it’s the servicer (for trust only? makes difference). If that prohibition applies to loans re-owned by FNMA and not just trusts, in order for the servicer, if it’s the bankster which sold the loan, servicing-retained, to repurchase from FNMA, it must transfer the servicing before re-obtaining an interest (under its repurchase agreement with FNMA). I asked carie where that came from – no answer yet – I’d sure like to know so I can try to fully apply it fwiw)
    Credit bids are being used by parties with no right to make them.
    This is certainly if not outrageously true in AZ, if a party with no interest in the note is yet allowed to use a credit bid.
    And certainly this is true as to FNMA loans because of its mandate to repurchase loans to end its guarantee. Both investors and homeowners are being injurred by any failure to comply.
    Imo, the FNMA prospectus(es) are judicially noticeable and provide for an attack on the amount alleged to be due, a good place to start to get other salient documents introduced. Disregarding the wrongful credit bid (obviously a biggie to me), what might be the value of wrong default figures – wrong because they didn’t reflect the guarantee payments – provided to those who already lost their homes? Between the wrongful credit bid and false figures, maybe there’s an avenue back to homes or at least damages. Probably have to be able to cite damages, and if so, cracks me up when one’s home was basically stolen.
    lay opinions, as always – ask a lawyer

  74. Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

  75. I have never seen an outright blantent disrespect for the Law in my entire Life. That is why Prosecutions are not Optional .. They are Mandatory!

  76. Unless the Snake wants to try another behind the scences FC action … like they did the last two times on a Current Loan. After the 2nd attempt … we redirected our P&I into a Remote Trust, and have been paying our own Taxes and Ins. Apparently they have problems managing those escrow accounts….. after all ….. that is where they were stealing those undisclosed fees and keeping you in default for years unknown to you. Shameful! Just Shameful!

  77. @JG… After 3 Miserably Failed Attemps and Slander of Title …. 1st Advantage Mortgage, Mers and CW*BOA can NOT reverse what they have done. No Loan Mod is going to Fix IT! Loan was Never registered with SEC or Securitized. Thank God No Freddie or Fannie! (altho MERS is 1st of 3 on Title for the same purchase loan (no refi-no mod))……… BOA can not Mod …….. How Many Federal Violations does that make in 10years on the same Mortgage? So the way I see it is ….. Come Compliance Day ….. It will be time to file QT.

  78. And speaking of fraud, and RICO, what do you call it when one party is induced to agree that another is X and as X will have rights and will perform pursuant to those rights relevant to the agreement induced, when in fact, X will never perform those duties, knows it will never perform those duties, and also in fact will sell the right to just about anyone with 20 dollars? And what do you call it when also for twenty dollars, its pals may use X’s name to transfer interests in that agreement to themselves for the purpose of taking most people’s
    largest asset and haven? That’s called, among other things, an act done with mens rea. What do you call it when as a business plan, one with no interest in a note allows anyone with 20.00 to purport to sell and assign interest in that note in its name?
    Mens rea:
    “As an element of criminal responsibility, a guilty mind; a guilty or wrongful purpose; a criminal intent. Guilty knowledge and wilfulness.”

  79. sc – I am a huge fan of attorney Malone and his associates. If any attorney who’s been involved with h.o. defense could get a rico
    charge to stick, I’d put my money on him. He’s the attorney who
    did the depo of Hultman that’s all over online (including by me) in a case a couple years ago. If he’d just move to, say Hawaii, I’d offer to wax his car and run his errands. I came accross him researching HAMP, think it was.
    As I recall, he had two if not three other claims to fame: he got a case remanded back to state court and he caused the defendents to have separate counsel, citing conflict of interest. Cracked me up, it was
    so brilliant (and elsewhere so overlooked). I think that was his case.
    He and his group may also have established, at least in their juris, that HAMP provides a private right of action. Don’t want to not credit other counsel working with him – it was a group effort and I’ve been their fan ever since. Need more like them.

  80. ” A servicer cannot acquire any interest when they are acting as a servicer for another.”
    Does anyone know why this is true or the source of the info?

  81. […] Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Livinglies’s Weblog […]

  82. god i should be banned , my typing skills well…no skill

  83. carie yes…gotta add, those who were full doc loan and paid downpayment were underwqritten on a loan to value basis, the value being the value to those hedging. none the less we all had a right to rely on the appraised value, and THAT is the “booked ” value.

  84. Funny you mention Milken—the same thing happened with the subprime—but no one is in jail…:

    “…The bonds that were sold were not backed (collateral) by actual mortgages. They were backed by JUNK — collection rights to already (falsely) charged off debt, which paid a higher rate of return than the bonds that were actually backed by valid mortgages.

    So simple, I do not know why some do not get it. If the subprime were actually backed by VALID mortgages — the interest rate charged borrowers would not be higher — it would be the SAME. The reason the interest rate was higher on subprime is because these borrowers could not get a valid mortgage. Subprime was nothing more than junk debt.”

  85. the case that took it beyond the boundaries of common thugdom was RICO’s successful prosecution of Wall Street junk bond peddler, Michael Milken. While controversial, the case emphasized the expansive nature of the statute in pursuing corporate crime, and the fact that RICO provides for both criminal penalties and a civil cause of action for financial damages, has this group of attorneys intrigued.

  86. Factually and legally, he claims, there’s no impediment to using the RICO statute to prosecute current and former executives at Bank of America if a “pattern of racketeering activities” can be alleged, meaning people in the organization having committed two or more acts within a 10-year period that violate federal statutes prohibiting the use of the mail or the “wires” (defined as telephonic, and now Internet, communication) to carry out fraudulent schemes. (Malone, serving as a volunteer lawyer for South Jersey Legal Services, is fighting B of A in a client’s foreclosure case.) He, Angle and others in the group believe that much of what went on during Countrywide’s descent into infamy, and its acquisition by B of A, met the fraud criteria.

  87. I thought now that most of you have gained alot of knowledge ….. It would be worth posting this Article Again! 6mo old … But alot of Information. Read it Carefully…. Read it Over and Over until You Understand.

  88. from ANONYMOUS:

    “…First, servicer only acquires collection rights on behalf of the investor/current creditor – servicer is not the creditor.

    A servicer cannot acquire any interest when they are acting as a servicer for another.

    Second, any refinance that was conducted under the guise of a mortgage refinance when, in fact, in was just a modification of a (false) prior default, with the prior mortgage never validly discharged, is not a mortgage refinance at all.

    And, therefore, the note fails to fall under the UCC as no negotiable note actually exists.

    This was the root cause that exploded the financial crisis.

    Notes were not notes at all — and foreign investors knew it — but, US has refused to investigate.

    It is why investor lawsuits are settling, but homeowners got nothing more than a bogus 49 state Attorney General settlement — all without investigation. (Settlements do not divulge the fraud).

    Yes, the role that servicers actually occupy is — concealed.

    Servicers will not disclose WHO they are actually servicing for and this is from the onset of the fictitious refinance to the fraudulent foreclosure in question.

    Deregulation has allowed servicers to publicly withhold any information that discloses the actual creditor.

    In fact, disclosure would disclose that the note in question is not a valid UCC instrument but, actually, a modification of the PRIOR mortgage/note.

    Courts run scared. All they need to hear is the name of bank and they accept this falsity.

    It does not matter what false capacity that bank is appearing in — including as trustee to a fraudulent trust that holds false and invalid mortgage loans, notes (and UCC instruments). .

    The Court hears “bank” in name, especially with “NA” attached, and they believe it is valid. This is simply not so.

    Court is not given the opportunity to hear the evidence that the subprime refinance was orchestrated under fraud, and that no valid UCC instrument exists, and that the “Bank”, “NA”, and/or servicer, is NOT the creditor.

    Further, under federal law, which preempts state law when there is conflict, the CURRENT creditor must be identified.

    Servicers are not the creditor if assignment is executed for the ministerial purpose of administering a foreclosure action.

    No legal rights transferred under this scenario.

    Time for attorneys to wake up. Start digging at records, and pursue records disclosure under the Freedom of Information Act as to the GSEs.

    This may take a federal action to enforce. But, would clearly win on this as it involves the borrowers’ right to the those records.

    When Neil finally understands that this is about homeowner victims, and not “investors”, we may finally get somewhere.

    Until Neil realizes this, we will remain without media help.

    Neil’s allegiance is not on the same page.

    And, any help to homeowners is bogus — unless the truth is told. Help without the truth is simply a continuation of the fraud.

    Modify??? Not without disclosure of ALL records.

    To do so without disclosure – is to continue the fraud.

    Fraud upon the court. No Statute of Limitations…”

  89. Worldwide debt forgiveness is not a myth. It is happening as part of finance and monetary globalization and it will eventually come here too. What it means is that foreclosures and the American economy are only a drop in a bucket of huge world changes and a temporary setback.

    Paris Club says will cancel most of Guinea’s debt
    Fri Oct 26, 2012 6:31am GMT

    Print | Single Page
    [-] Text [+]

    PARIS (Reuters) – The Paris Club of creditor nations said on Thursday it had agreed on a near-cancellation of the debt of Guinea, representing some $356.3 million, and said additional relief could come.

    The Paris Club’s move comes after the impoverished west African nation secured $2.1 billion in debt relief from the World Bank and International Monetary Fund at the end of September.

    In a statement, the Paris Club said it was willing to grant additional debt relief “on a voluntary and bilateral basis” for $299.6 million, which could reduce the country’s debt to Paris Club creditors by 99.2 percent, or $655.9 million.

  90. Give us a call. We may be able to help SAVE your home. We have put together the ONLY WINS in the State of Michigan (others were shot down by the Court)… We have ZERO dissatisfied Clients… We work with the best Foreclosure Attorneys in the country… We work in all States except: AZ, NV, MN and VA (based on State Judiciaries’ past ruling/positions in/re to foreclosures)… We work with you (the Home Owner) every step of the way, for the full duration of the process. Now, the ONLY thing left for us, is to help SAVE YOUR HOME… Give us a call or shoot us an email for a free consultation.

    Dan Moss 😉

  91. Don’t forget Kenny Lewis…BOA boy! If the system were “saved” then why are the taxpayers buying 40 Billion a month, for 18 months of junk MBS’ Neil?

  92. Neil ,

    GDP was damn near negative , banks are already 40%+ of the GDP number , Government spending is usually about 25% and they accelerated purchases , goosing spending by 10% to inflate the number.

    You’re right about the “new” third rail though …

  93. Nobody “saved the system”—they just “kicked the can”, and paticipated in a cover up.

  94. Obama protects Jamie Dimon and Jon Corzine…..He is a fraud

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