Shiller: Is Housing Recovery Real?

World renowned economist Robert Shiller, in a candid interview with Drew Sandholm of CNBC, gives a realistic perspective on the housing market. Calling the housing bubble a “once in a lifetime thing,” Shiller says that the outlook is uncertain. The “recovery” even if housing increases by 3% per annum, would in reality be flat, especially after the superstorm that hit the Northeast.

The chilling comment from the economist who showed us graphically how the housing bubble of the mortgage meltdown was so out of whack with history, is that the true recovery could take as long as 50 years. This unthinkable consequence is not so far off if you look at the factors that led up to the bubble and the enormous surge in home prices while “value” of housing was flat or even decreasing. The surge during a 4-5 year period blasted through any charts on the subject, most notably the Case-Shiller Index which removes inflation from the computation.

The long and short of it is that we have years, perhaps decades to recover from the shock the economy received from the Wall Street players who flooded the housing market with money causing a blow out in prices as underwriting standards were completely ignored in favor of “getting the deal done.”

We are left with treating each tragic case of foreclosure on a case by case basis which most of the people cannot afford to do. Having drained their savings and retirement in the hopes of keeping their homes they are without funds to challenge the banks who have all the money the investors gave them and now have all the money from proceeds of sales of foreclosure homes.

At some point someone with authority must demand from the banks an accounting for what happened. How is it possible for the banks to collect federal bailouts, insurance and proceeds from credit default swaps when they were using investor money?

If the loss falls to the investor because of foreclosure and market conditions, why didn’t they get the money from bailouts, insurance and CDS? And why  should we not treat the money the banks got as money received by agents of the investors reducing the obligation of homeowners?

Why are we quibbling about “principal reduction” when the principal has already been reduced by payment? Why did the banks divert the paperwork away from the investors and put “nominees” or strawmen on the notes, mortgages and deeds of trust?

The ugly truth is that Wall Street was playing with deposits from investors and calling it proprietary trades. Heads we win, tails you lose. If we allow that we have condoned theft.

And THAT is why I think the banks can be beaten in court. If you trace the money first and demand to see the money trail from beginning to end from the Master Servicer, Trustee and foreclosing agent the true nature of these transactions will emerge. And when all is said and one, if we don’t challenge this despicable scheme, the banks, having cornered the market on “money” (with over 10 times the amount of government authorized money) they now are seeking to corner the real estate market and become the world’s largest landowner.

Banks are allowed to exist to facilitate commerce, not capture it. They should be regulated like utilities so that when they go off the reservation with obtuse machinations of financial products, they are quickly reined in. That regulation can only come from winning in court since the regulatory agencies, while recognizing the problem are too timid to seek the appropriate relief.

shiller-housing-recovery-could-50-125741773.html

259 Responses

  1. Hmmm… This article assumes that the few bright minds in the government are and will be the “good guys”, while all those profit-seeking bank sharks are the “bad guys.” The truth is that all are humans and succumb to incentives laid out before them by the system. The system is now broken because the Constitution doesn’t mean d!@#. So this is a utopian view to think that those in gov will somehow bite the hand that feeds them, unless the system is first change to make it impossible for the hand to feed the bureaucrats.

  2. Wall Street and the Financial Crisis:Anatomy of a Financial Collaspe report for the senate, states the mortgages were pre planned to default also. And bids against the predestin mortgages and against the banks own clients(investors) duping the homeowner and the investor was laughed at by the banks with insider trading knowledge.

  3. Despicable, repulsive, subhuman trash…

  4. THE TRUTH IS SHADOWCAT…YOU ARE A LIAR….THE PROOF IS…I BROKE NO LAWS…I WAS NEVER GREEDY…I FOLLOWED THE RULE OF LAW…HOWEVER THE FED VIA THEIR BANKSTER COHORTS ON WALLSTREET BROKE THE LAW…BECAUSE THEY GOT TOO GREEDY….AND WANTED TO STEAL IT ALL ….AND THEY NEVER PAID FOR ANYTHING…THE AMERICAN PEOPLE VIA THE U.S. TREASURTY DEPT….DID..& THE FED NEVER PAID THE AMERICAN PEOPLE BACK…AND INSTEAD, POCKETED ALL OF OUR PAYMENTS AS USURY…THAT IS INTENT TO DECEIVE & THAT IS CRIMINAL IN THE U.S.A…. ALL BECAUSE THE WANTED TO MICROCHIP THE AMERICAN PEOPLE TO THEIR QUADRILLION DOLLAR CREDIT FRAUD EXTRAVAGANZA IN ORDER TO STEAL ALL OF OUR FREEDOMS……THE PROOF IS CLEAR…THE FED AND THE BANKSTERS ARE INSOLVENT OR WE WOULD NOT BE STILL BAILING THE CROOKS OUT AND THEY WOULD NOT BE ALLOWED BY RULE OF LAW TO STILL BE FRAUDCLOSING ON THEIR INSOLVENT DEBT….THE FED AND THE BANKS ARE INSOLVENT AND THEY WANT ALL OF US TO GO DOWN WITH THE TITANIC OF FRAUD THEY CREATED…AND I FOR ONE AM NOT GOING DOWN WITH THEIR INSOLVENT SHIP…THAT IS WHY I AM VOTING ROMNEY AND RESTORING THE RULE OF LAW IN THE U.S OF A…THE GREATEST COUNTRY GOD EVERY CREATED…! GOD BLESS AMERICA..!….

  5. ..CNN laying out what is at stake in this election…OUR FREEDOM AND INDEPENDENCE….THE ESCAPE FROM BIG GOVERNMENT…..WHAT OBAMA WANTS……TAX THE RICH & KEEP THE MONEY IN THE HANDS OF THE RICH…BRING IN MORE ILLEGALS TO STIFLE OUR PROGRESS…INSTITUTE ANOTHER TAX VIA OBAMACARE…AND TAX US AT 100% OF OUR INCOME…& FILL THE RUTH GINSBERG SEAT WITH ANOTHER FAR LEFT LEANING LIBERAL…

    THE ROMNEY PLAN…REDUCE TAXES FOR EVERY SINGLE AMERICAN…GETS RID OF THE FRAUDULENTLY INDUCED OBAMACARE TAX..& ROMNEY WILL REPLACE LIBERAL LEFTIST GINSBERG WITH THE RULE OF LAW….A CONSERVATIVE..THE CHOICE FOR ME IS CLEAR… I WANT TO ABOLISH BIG GOVERNMENT AND RESTORE THE ECONOMY AND SMALL BUSINESS..ABOLISH THE OBAMACARE FLAT TAX….AND THE. MICROCHIP..AND FRAUDULENTLY INDUCED SLAVERY AND I AM VOTING FOR ROMNEY…..!………

  6. RE:
    The U.S. TREASURY DEPARTMENT ALREADY TOLD ME THE TRUTH….THE FED AND THEIR BANKS ARE INSOLVENT….
    —————————————————————————————-

    Well then you have two things in common with them. Your Insolvent and your Greedy! 🙂 …..

  7. AND SHEILA BAIR OF THE FDIC ALREADY TOLD US THAT ALL OF THE MORTGAGES WERE INTENDED TO FAIL..THAT PROVES.INTENT TO DO HARM BY DECEPTION….INTENT TO DECEIVE IS CRIMINAL IN THE U.S.A….THANK YOU MS BAIR..FOR .YOUR TRUTHFUL TESTIMONY…THAT PUBLIC DISCLOSURE BY A VERY CREDIBLE WITNESS IS ON THE PUBLIC RECORD AND THEREFORE, THE TRUTH CAN BE USED IN COURT TO DEFEND OUR PROPERTY…. THE TRUTH IS…. THE FED AND THEIR BANKS FULLY INTENDED TO SCREW THE AMERICAN PEOPLE OUT OF EVERYTHING WE OWN BY KNOWINGLY AND VERY DECEPTIVELY COMMITTING FRAUD….!…THE TRUTH IS…THESE POLITICIANS AND THEIR MINIONS AND COHORTS IN POWER RIGHT NOW… ARE LAWLESS AND A COMPLETE AND UTTER DISGRACE…..! VOTE THEM ALL OUT AMERICA….!

  8. The U.S. TREASURY DEPARTMENT ALREADY TOLD ME THE TRUTH….THE FED AND THEIR BANKS ARE INSOLVENT….

  9. SO NO EXCUSES……WHERE ARE THE CUFFS HOLDER….?

  10. WHY NO CRIMINAL INDICTEMENTS FOR FRAUDCLOSURE…? ILLINOIS STATE LAW SAYS THE CRIME HAS TO BE COMMITTED IN SAID COUNTY WHERE CRIME WAS COMMITTED.IN ORDER TO BE CRIMINALLY INDICTED.FOR SAID CRIME…..CUE THE ATTORNEYS BRINGING THESE FRAUDCLOSURES FROM DISTANT COUNTIES…..LIKE FISHER & SHAPIRO OF BANNOCKBURN ILLINOIS…….. HOWEVER,, THEY ALSO HAVE AN OFFICE .IN SAID COUNTY….THE TRUTH IS THEY DO APPEAR TO OPERATE ON THE MARGINS OF THE RULE OF LAW BUT THEY ARE RECKLESS AND INCREDIBLY SLOPPY IN THEIR LAWLESSNES…..AND THEY ARE STILL COMMITTING CRIMES….EVEN IF FROM ANOTHER COUNTY……OH SNAP….!…..

  11. JG,

    “Btw, attorney Rothenberg, author of the piece, claims he’s made it his practice to always attach the complete chain of assignments for the mtg. When I have nothing else to do, I’m going to see about that one if for no other reason than I’d like to see what he (an attorney apparently on the other side of the fence) claims comprises
    a complete chain.”

    Untrue. They originally came after me when I was artificially put in default by my servicer and, despite my repeated requests, they never, ever provided one piece of document. In fact, they are definitely up there among the foreclosure mills and they have the fraud absolutely down pat!

  12. HERE IS UNDENIABLE PROOF OF THE LAWLESSNESS…When I was going through my loan mod nightmare, I was told by THE FED/BANK SERVICER….A FOREIGN OWNED CORP….that I was approved for the Obama Plan..Then, I was told a week later…sorry…. I was denied by the U.S. TREASURY DEPARTMENT AT THE LAST MINUTE AND THEY WERE GOING TO FORECLOSE THE MORTGAGE…NOT THE NOTES…IN REALITY..THE SERVICER WAS TELLING ME….THE FED WAS TOLD BY THE U.S. TREASURY DEPARTMENT THAT THE FED AND THEIR BANKS ARE INSOLVENT….HOWEVER BY THE LAW OF THE JUNGLE, NOT THE LAW OF THIS LAND… THE INSOLVENT FED VIA THEIR INSOLVENT BANKS, , FULLY INTENDED TO JOIN FORCES AS HITLER AND STALIN AND BREAK THE LAWS OF THIS LAND TO STEAL MY HOME……! ..THAT IS WHY I AM VOTING TO RESTORE THE RULE OF LAW AND SMALL BUSINESS & I AM VOTING FOR ROMNEY….

  13. ps – e.tolle, I did it.

  14. jg part II working on debunking Ohio attorney’s allegation that the mtg follows the note either statutorily or as equity and that FHLMC failed to make that allegation, in his response to Schwartzwald decision (found in enraged’s comment last night at 6:48):

    “OHIO UNIFORM COMMERCIAL CODE
    Chapter 1335: STATUTE OF FRAUDS
    1335.04 Interest in land to be granted in writing.
    No lease, estate, or interest, either of freehold or term of years, or any uncertain interest of, in, or out of lands, tenements, or hereditaments, shall be assigned or granted except by deed, or note in writing, signed by the party assigning or granting it, or his agent thereunto lawfully authorized, by writing, or by act and operation of law.”

    “…or by act and operation of law”. Under this language, it does appear another ‘act’ of law could find that a collateral instrument
    follows a note without conflicting with Ohio’s S of F. I think I’ve dispensed with one of the three “acts of law” in the Ohio UCC which the banksters depend on in claiming a mtg follows a note (while concurrently claiming it may be an equitable assignment). As to the other two provisons of the UCC on which they rely for statutory
    finding that a mtg follows a note, the scholar will have to locate them, since I couldn’t.
    I’m guessing most people here aren’t convinced enforcement requires Notice an d I admit I haven’t yet really supported the proposition. Still, as time goes on, you might keep it in the back of your mind. Just also keep in mind – if you want – that notes and their transfers aren’t recorded and therefore impart nada as to Notice.
    lay opinions – ask a lawyer

    Btw, attorney Rothenberg, author of the piece, claims he’s made it his practice to always attach the complete chain of assignments for the mtg. When I have nothing else to do, I’m going to see about that one if for no other reason than I’d like to see what he (an attorney apparently on the other side of the fence) claims comprises
    a complete chain.

    e.tolle – was glad to see the two cases you ref’d – keep em coming!

  15. These crooks know the TRUTH IS…INTELLIGENT PEOPLE WATCH CNBC….!

  16. THE TRUTH…A VOTE FOR ROMNEY IS A VOTE FOR A PROFOUND CHANGE AT THE FED…..! VOTE FOR A PROFOUND CHANGE AT THE FED AND VOTE ROMNEY….!

  17. CNBC guest Arnott, said if Romney wins there will be a profound change at the FED…. This entire election hinges on whether the people know what Bernanke has done…..Guest also said they are out to destroy the dollar. My take…vote Romney and take your money out….Accept no new debt and do not comply, conform or cooperate with any new fraudulent inducements…The banks and the FED are both overleveraged by a quadrillion dollars and they don’t want to pay their debts. Screw that. Nuke them with your vote & vote for Romney & small business..& send a clear message you will not accept the microchipped mark of the beast under the guise of healthcare and a quadrillion dollars in insovent debt fraud…RESTORE THE RULE OF LAW….THROW OUT THE RULE OF THE JUNGLE…! VOTE ROMNEY…!….

  18. This is just a second attack on this news media for reporting the news.Discusting and vomitable corruption..

  19. http://theintelhub.com/2012/10/27/cnbc-execs-children-murdered-1-day-after-cnbc-reports-43-trillion-bankster-lawsuit/ This was more than a direct threat! Then absent rom the media. The CEO of this news media pulled the article immediately after the deaths of these children and their nanny.

  20. CNBC REPORTING……Clear threat…….I SHARES will be dumped if Romney’s elected…..!

  21. Rick Santelli posing the question to guest…JOHN ENGLER…….FASCIST FORMER GOVERNOR OF MICHIGAN….NOW A MEMBER OF THE ROUND TABLE COMMITTEE FOR BUSINESS……..IS SIMPSON BALLS STILL A GOOD IDEA….? The Nazi said unequivocally …YES……! WE NEED TO FORCE …..COMPLIANCE ………..& CONFORMITY…..COOPERATION FOR THE SAKE OF GLOBAL GOVERNMENT …….! Rick Santelli remains skeptical……KNOW YOUR ENEMIES AMERICA…..! ANYONE WHO SAYS…….TO HELL WITH WHAT IS RIGHT…….! & FORCES COMPLIANCE FOR THE SAKE OF GLOBAL GOVERNMENT… AKA……THE GLOBALISTS…..! REFUSE THEIR MICROCHIP TO THEIR MASSIVE QUADRILLION DOLLAR DEBT FRAUD & REJECT FORCED COMPLIANCE ..BY NOT CONFORMING & NOT COOPERATING with these FASCIST COMMIE NAZIS……! RESTORE SMALL BUSINESS……! VOTE ROMNEY….!

  22. If judgement day is what you want, I don’t want to be you. In fact, I pity you. When you have faith, you know, & history has shown, THE TRUTH IS…….THE GOOD LORD ALWAYS DELIVERS….

  23. Rick Santelli on CNBC just posed the question……Who’s the Boss……? Mr Santelli said….. THE PEOPLE CASTING THEIR VOTE FROM BEHIND THE CURTAIN….Mr. Santelli also said…..We need compromise of the highest order.

  24. Hanging on by your claws shadowcat…..? The TRUTH IS ….the righteous will be blessed.

  25. Judgement Day is so Very Close ….. Mental Capacity is Diminished further by the Rapid Consumption of Alcohal. No Lifelines ..

  26. Greek editor acquitted over Swiss bank list

    http://www.aljazeera.com/news/europe/2012/11/201211110106559795.html

    Greek editor acquitted over Swiss bank list

    Costas Vaxevanis “innocent” after he was tried for publishing list showing 2,000 Greeks with Swiss bank accounts.
    Last Modified: 01 Nov 2012 20:12

    A Greek journalist who published the names of more than 2,000 Greeks with Swiss bank accounts has been acquitted of breaking data privacy laws.

    Costas Vaxevanis’s acquittal on Thursday came hours after he went on trial in a case analysts said was a test for press freedom in Greece.

    “The court has ruled that you are innocent,” Judge Malia Volika said.

    Speaking to Al Jazeera correspondent John Psaropolous after the acquittal, Vaxevanis said: “I want to thank Al Jazeera and the international media who put the story in its real context, saying that this is a question of democracy and freedom of speech in Greece, and created the conditions for coverage in Greece – the Greek networks knew nothing and found out what was going on from the international media, just like in the time of the colonels’ dictatorship.”

    The arrest and speedy trial of Vaxevanis, a magazine editor, had aroused international concern and riveted recession-weary Greeks angry at the privileges of the elite.

    In his defence, Vaxevanis, 46, accused politicians of hiding the truth and protecting an “untouchable” wealthy elite. He said the trial was politically motivated, calling it “targeted and vengeful”.

    Vaxevanis published the list, called the ‘Lagarde list’, in Hot Doc magazine which he edits. The list took its name after IMF chief Christine Lagarde who handed it to her Greek counterpart two years ago when she was France’s finance minister.

    “The Lagarde list” was then believed lost for two years, but resurfaced in early October, when Greek media printed stories regarding other lists containing names of politicians allegedly probed for their financial transactions.

    The list Vaxevanis published contains names of heavyweight former ministers and businessmen, including Leonidas Tzanis, former Greek deputy interior minister, who committed suicide in the beginning of October.

    It claimed the people named on the list made major deposits in Swiss banks, inferring that many avoided paying tax in Greece, a nation embroiled in a debt crisis since 2009.

    During Thursday’s court proceedings, the court deposed four witnesses, including an opposition member of parliament who sits on the institutions and transparency committee, which has been investigating the affair.

    Tax-dodgers

    Two former finance ministers and former heads of the police’s financial crimes squad have appeared before that committee, but all said that they no longer possessed copies of the list.

    Vaxevanis argued that authorities should instead target tax-dodgers and state officials who do not crack down on tax evasion.

    “We will endure this. Will they?” Vaxevanis tweeted ahead of the trial.

    His lawyer, Haris Ikonomopoulous, told Al Jazeera that the trial had put the Greek democracy at stake.

    “What is at stake today … is transparency, accountability and effectiveness. What is at stake at the end of the day is democracy,” he said on Thursday.

    In an article in The Guardian newspaper earlier this week, Vaxevanis wrote: “In Ancient Greek mythology, justice is presented as blind. In modern Greece, it is merely winking and nodding… justice remains in thrall to
    politics.

    “Dealings with banks are carried out in public, not in secrecy. The existence of a bank account is therefore not personal data.”

    The allegations of tax evasion against the wealthy as well as the inability of authorities to tackle the phenomenon have increased tension in recession-hit Greece, as the government plans to pass new harsh austerity and reform measures on the already burdened middle class and low-income earners.

    Greece has pledged to implement a tough stability and reform programme in return for vital multi-billion euro bailout loans since 2010, so as to keep the country afloat and avert a disorderly default.

    Without further aid from the European Union and the International Monetary Fund, the country could financially collapse as early as December, some experts have said.

  27. So the Ohio attorney wrote an article stating the lender should have
    argued the coll instrument follows the note, eh? Well, their reliance is misplaced as far as i can tell. Firstly, art 9-203(g) does NOT say what is purported in a case on which I know they rely, and I don’t care whose mouth the errant assertion comes out of or from whose pen it flows. 9-203(g) says a perfected security interest (that’s its topic) in a note secured by a collateral instrument also attaches a security interest in that collateral instrument. 9-203(g) isn’t talking about ownership of the note for the coll instrument to follow – it’s talking about a security interest.
    If I give you a security interest in my receivables from my sales of sleds because you loaned me some money, do you own my receivables? No, you don’t. They’re collateral for the loan you made me and you have a security interest in them. A warehouse lender, has a security interest in the notes and dot’ s, but doesn’t own them, either. Under 9-203(g), if there were a sale and assignment agreement, but no delivery tho funds were received, what is created is a security interest, way I get it.

    Ohio 1309-203(g) aka UCC 9-203(g):

    (G) The attachment of a security interest in a right to payment (NOTE – sic) or performance SECURED BY A security interest or other LIEN ON personal or REAL PROPERTY is also attachment of a security interest in the security interest, mortgage, or other lien.

    I’d like that attorney, or anyone, to explain to me how this says a mtg follows a note. One of the two, below, I can’t find may say that, but this one does NOT.

    Other Ohio UCC provisions the banksters rely on for the prop the coll follows the note are 1) Art 9-109(a)(3), which I couldn’t find – Ohio 1309-109(a) has a (1) and (2), but if it’s got a (3), I’d like to see it, and
    2) 9-102(a)(72)(d), which I also couldn’t find. Maybe I only found an older, unrevised version of their UCC. If anyone can link something more current, if there’s such a thing, I’d appreciate it.
    But here’s a rub: Ohio is a lien-theory state and uses mortgages, not deeds of trust. Given that I haven’t seen an Ohio mortgage, I don’t what it says. What I know about mortgages, i think anyway, is that they are two party instruments (no trustee), require judicial foreclosure, may have a right of redemption, and may allow for deficiency judgments.
    Courts in lien-theory states (not my thang) may in fact uphold an equitable assgt of the mtg with the transfer of the note, but if so, and I don’t know, just know “mtg follows note” is not found by me so far in the Ohio UCC. In lien theory – states, a mtg or even dot is generally treated as a lien (I think).
    I do find “equitable assgt” confusing if courts actually make such a finding in lien-theory states because a lien yet constitutes an interest in real property, which, since reg’d by the S of F, requires a writing. This conflicts with an equitable assgt. That’s why I always say a transfer of the note gives rise to a right to an assgt, but one doesn’t have it til one has it, i.e., no ‘equitable’ assgt.

    I’m also confused by the banksters’ alleg of equitable assgt and their alleged concurrent reliance on certain provisions of the UCC. If the UCC actually said what they maintain, which is that a coll instrument follows a note, they wouldn’t need to claim an equitable assignment. It would be statutory, a matter of law – not equity. And i also haven’t looked up Ohio’s S of F to see if there’s any conflict with whatever is found in the two cited Ohio UCC provisions which so far i can’t find (I’ll just see for now if Ohio s of f would conflict with what they claim about those 2 provisions. Hard pressed to think there’d be conflict, but who knows.
    lay opinions. ask a lawyer

  28. May I add….this is a fake war on usury..the FEDSTER Stalin’s V the fascist Nazi banksters & Congress & the Senate..SCREW THEM ALL AMERICA…! NEITHER ONE OF THEM PAID FOR ANYTHING….THE U.S.TAXPAYERS DID…..!!! WALK OUT AMERICA……& VOTE ROMNEY….!

  29. NO ENRAGED…..YOU ARE THE COMMIE FEDSTER TRASH……& I JUST TOOK YOU OUT & DUMPED YOU WHERE YOU BELONG……IN THE GARBAGE DUMP……DAMNED VULTURE CROOKS…!

  30. The truth is this is a war between the FEDSTER commies & the Banksters…….THIS IS ALL ABOUT THE USURY…….JUST LIKE IN NAZI GERMANY…….THE COMMIES WANTED TO COLLECT ALL THE USURY DIRECTLY FROM THE PEOPLE……..CUE THE “NATIONALIZATION” OF THE GSE’s……THE FEDSTERS TO THE U.S. TREASURY…… CUTTING OUT THE BANKSTERS……& THE HIJACKING OF THE TREASURY BY THE FEDSTERS GEITHNER & BERNANKE WHO COMMITTED A COUP DE TAT OF THE U.S. TREASURY DEPT……THE AMERICAN PEOPLES MONEY….& PROPERTY IS GOING DIRECTLY TO THE FEDSTER COMMIES & THEIR CRIMINAL FRIENDS……SAME WITH THE BAILOUTS…..THE BAILOUTS WENT DIRECTLY TO THE FEDSTERS….OBAMAS ON THE SIDE OF THE FEDSTERS…THIS WAR ON THE PEOPLE IS ALL ABOUT WHO GETS TO COLLECT THE USURY……….THE BANKSTERS OR THE FEDSTERS……THE FEDSTERS ARE GREEDY & WANT IT ALL….. THE BANKSTERS ARE PISSED………THE GSE’s ARE STEALING ALL THEIR USURY VIA NATIONALIZATION……..& FRAUDCLOSURE……..& THE BANKSTERS ARE GETTING THE CRUMBS…….! HOWEVER…..OBAMAS NOT HITLER……..OBAMA IS STALIN……….THE BANKS ARE HITLER……IT’S ALL ABOUT THE USURY & NEITHER OF THEM LENT US ANY MONEY…….GREEDY HOGS…….! THEY BOTH WANT TO MICROCHIP US TO THEIR FRAUD………!

    CUE THE RICH WHITE REPUBLICAN……SCREW THE STALIN -V- HITLER PLAN….. & THIS COMMIE/ HITLER PLAN RACE TO BE THE FIRST ONE TO MICROCHIP THE AMERICAN PEOPLE AND CREATE COMPLETE COMMUNISM…..!

  31. Despicable, repulsive, sub-human trash.

  32. BTW…IMBECILE…..THIS WAS NEVER ABOUT RELIGION….THIS IS ALL ABOUT FREEDOM & INDEPENDENCE ……..THE TRUTH ABOUT GODS PLAN…….THE PERFECTION OF THAT IS TELLING THE PEOPLE THE TRUTH…FOR ONCE…! GET A CLUE….!

  33. Yeah right enraged…! You are a brainwashed commie idiot….! You are who they poisoned……! They want to send idiots like you to the FEMA detention camps to deprogram you …….. or throw your sorry ass in the gas chambers….! That’s what you will get for being an imbecile ….or better yet…..a one way ticket to the jungles of Africa….! Nah…..that’s too scenic……They will send you to the gulag in Siberia…!

  34. FORGET THE GUNS…..! Time to send in THE EXORCIST America….! THAT WOULD BE…ALL OF US…! Time to exorcise these demons at the polls …….!

  35. The race of degenerate, hormone-fed, Dna-tampered, drug-dependent, Monsanto-addict, religion-brainwashed imbeciles, like you. Fema camps were built for you.

  36. Is Obama trying to revolt us…? Because his rallies with all of the white people in the background holding up FORWARD _SIGNS_ sure makes it look like a Hitler campaign……! FORWARD IS THE FREAKING CAMPAIGN SLOGAN…..???? WHEN HE NEVER CORRECTED THE PROBLEM IN THE FIRST PLACE BUT, IN FACT, AIDED & ABETTED IT….? & HIS DISTORTED FACIAL EXPRESSIONS…..NOT LOOKING INTO THE CAMERA…….GOOD LORD HAVE MERCY……..! I HAD TO SHUT IT OFF…IT LOOKS LIKE THEY ALL NEED A COMPLETE EXORCISM….!

  37. Are you freaking kidding me enraged? As a race we are done? What race are you talking about…..? The aryian race….? I don’t believe in Supremacy of any kind except for God Almighty. You are nuts enraged…….? You sound like Hitler. I couldn’t be prouder of my Italian/Irish/German American heritage and the fact that in America, I am free to be proud of that. I despise Supremacists.

  38. Imbecile.

  39. Screw you enraged……. YOU ARE WHO BETTER WATCH IT……..BECAUSE THE U.S. TAXPAYERS ARE WATCHING YOU………& WE KNOW WHO OUR ENEMY IS……..THE FEDSTERS……..Do you really think I am the only U.S. TAXPAYER fighting 2 fraudclosures with no attorney in this county….? & EVEN IF I WAS…….I WOULD SAY WHAT NEEDS TO BE SAID……WHY…..? BECAUSE I AM AN AMERICAN CITIZEN….THAT’S WHY….! & I AM WELL WITHIN MY LEGAL RIGHTS TO SPEAK FREELY……WHETHER YOU COMMIES LIKE IT OR NOT…THIS IS AMERICA…..NOT COMMIE RUSSIA OR CHINA…….THAT IS WHY I SPEAK OUT…SO THIS DOESN’T BECOME A COMPLETE COMMUNIST DICTATORSHIP ………SOMEONE HAS TO HAVE GUTS ENOUGH TO TELL SATAN TO GO TO HELL…..& I GUESS THAT SOMEONE WOULD BE ME…..& NO THANKS……NO ONE CAN HELP ME…….ONLY I CAN EXERCISE MY CONSTITUTIONAL RIGHTS IN MY COUNTRY…..THE U.S.A……THE GREATEST COUNTRY GOD EVER CREATED……! GOD BLESS AMERICA…..!

  40. JG,

    Many people lately have kept a low profile… Geithner, Dimon, DeMarco, Summer, Holder… I doubt it has much to do with the elections. Something has been brewing for a while and I expect we’ll know soon enough what it is. That’s why I follow so closely BRIICS and IMF.

    I wouldn’t worry too much about having to learn Chinese. The take over won’t brutal and obvious. In fact, it is happening as we speak. Look at the names of the biggest investors in this country: they’re Indian, Russian, Chinese. Canadian, Indonesian and Arab. It’s not about us. It’s about the land. They know as a race, we’re done. We have big pharma and Monsanto to thank for that. And Obama can do nothing to stop it. Nor can anyone else. It’s been way too long in the making.

  41. I agree….watch Romney’s political appointments ……& demand an audit of the Treasury…….all the way back to the Greenspan days as FED HEAD…UP TO TODAY..

  42. I don’t care much for that little sneaky squib Paul Ryan…..I think hes a little pinko subversive…..Why…..? 2 words…..SIMPSON BALLS…..We need to keep an eye on Romney’s political appointments …….that is how they control the President and the country……

  43. well, to someone like me who runs from the words “Federal Reserve bank”, it seems the emperor has no gold. I wouldn’t know what’s to do for it and too old to try to learn. Romney tries to kick Obama’s tail on a lot of issues, but chances are he doesn’t have a clue what’s really being dealt with, as maybe Obama didn’t when he campaigned in 08.
    I really hope my grandkids don’t have to learn Chinese. And speaking of which, Hillary certainly keeps a low profile, doesn’t she? That’s been disappointing. Call me crazy, but i sometimes think Obamacare was part of a deal or at least an assurance of some kind O gave Hillary. Bill looks sick and has for awhile now.

  44. You are an imbecile, rude, obnoxious, useless and disruptive. What you don’t seem to know, poor, stupid imbecile, is that nothing is secret on internet and that finding you is not impossible. Keep pissing off enough people who want nothing to do with you and the day, poor, stupid imbecile, when you need help (and that day is coming), people will actually rejoice in front of your misery. Better yet: they will see how they can add to it. We already know in which state and which county you are and we know you’re fighting personal and commercial foreclosure. All it will take is for someone smart and trained as an investigator to find who the judge for your case is and send him excerpts of your inflammatory prose. Don’t believe for one second that it can’t be done!

    And you know what? That too will be divine justice!

  45. Yes it is a wonderful country………! Now let’s go hang some chads America……!

  46. Obamas not honest about anything….& that is undeniable …… This is a network of foreign & domestic communist subverters who are behind this. They are anarchists by subverting the truth. There will only be worldwide bloodshed & anarchy if WE THE PEOPLE COMPLY, CONFORM & COOPERATE WITH FRAUD……! The truth is, if the Rockefeller Republicans wanted complete communism…..it would have happened long ago. MAKE NO MISTAKE……..THE WEALTHY U.S. BUSINESSMEN ARE OPPORTUNISTS…….NOT COMMUNISTS….NOT BY A LONG SHOT. The GLOBALIST FEDSTER COMMUNISTS subvert the truth……in order to cause chaos. They are the lawless ones.

  47. JG,

    “I really don’t think obama’s a crook” Nor do I. I believe he is sincere and as naive as Jimmy Carter was. And I do believe that no one who is not a crook can survive in DC. It is not played at his level. it isn’t even played in DC at all and, in my opinion, not one of those guys we elect has any power to affect any change. Change is being implemented behind the scene, at the international level, and right now, it could still go either way.

    That’s why it cannot end well without a considerable amount of blood being shed worldwide first. On the other hand, what wasn’t known a few years ago is being disclosed at an increasing pace. The very end result will be fantastic for the survivors. The question is: who will that be and… when?

  48. Don’t be fooled……..! The entire Obama administration are IMPOSTERS ……..they are ALL working for the FEDSTERS…..! They needed a fall out boy to install their complete communist regime…..& I DON’T BELIEVE FOR A MINUTE THE BUSHES DID THIS..! …….WHY….? U.S. BUSINESS OWNERS KNOW….THE TRUTH IS……AMERICAN BUSINESS MEN DON’T DESTROY ECONOMIES….!..THE FEDSTER COMMUNISTS DO………! VOTE ROMNEY……!

  49. THE FEDSTERS STOLE ALL OF OUR GOLD & HIJACKED ALL OF OUR INALIENABLE RIGHTS WITH OUR OWN WEALTH & LABOR & INVESTED A FEW SHECKLES TO HIJACK THE U.S.A…..!

  50. @enraged at 9:33 – yes, remember “shadow employees”? I’d like to see them used to unwind those huckster and traitor entities.
    I really don’t think obama’s a crook, though he probably depends on campaign contributions like everyone else. I do think he has thought
    he’s “all that” and has worshipped at his own shrine. Hope what’s probably an inevitable reality check /lesson doesn’t cause him too much trouble. I see some unwinding of large businesses in the financial realm globally, which could mean a number of things, of course. Maybe I’m dreaming, but I’d like to think it’s because of a big stick over their heads. I recently read an article which for me gave new meaning to the phrase “moral hazard”, which, while I can’t rattle it off,
    I thought supported my thoughts that any business perceived or could be perceived as too big to fail has to go (regardless of whether or not it IS too big to fail – the perception alone is a problem and turned us into hostages, etc.) THEY are moral hazards. If we don’t see some return to regulation which precludes mongo conglomerates and even calls for dismantling existing ones, I think most of us would agree history will repeat itself more likely than not.
    If Obama doesn’t lead this charge in Round 2, well, we’ll have to get more active. No one except maybe Jobe has infinite patience. I don’t spend any time thinking about what might have happened if the bums hadn’t been bailed out (altho I understand your concern about those particular people’s apparent support) because the horse is out of the barn. It’s too late to employ Iceland’s strategy of live and let die, isn’t it? Now we need to get rid of the conglomorates for good whatever it takes. Be nice if some officers and employees could be photographed in orange with the latest in chains. Altho yesterday I cited some stuff about corporate felonies, there is no way I really believe the law allows individual criminals to hide behind corporate status to elude prosecution. Anyone who has studied law for any amt of time knows where there’s one law, there’s another (or 3).
    By the way, the lobbying effort to get rid of G/S was the largest ever made in this country – at the time. Lord only knows about since. The effort was started and nurtured by Republicans, altho it was ultimately approved by Clinton, the Democrat.

  51. THE FEDSTERS STOLE ALL OF OUR GOLD IN EXCHANGE FOR THEIR WORTHLESS CREDIT…! THEY LENT NOTHING OF VALUE…THEY EXCHANGED CREDIT FOR OUR HARD LABOR & OUR WEALTH…….! THEY USED THE COMMUNIST LABOR FOR VALUE THEORY….SOCIAL PROGRAMS & PROGRESSIVE TAXATION TO ROB US….! THE FED ARE ROBBERBARONS FOR THE FEDSTERS…….& THEY HIJACKED U.S. TREASURY DEPARTMENT IS THEIR PIRATE SHIP…..! WE THE PEOPLE DEMAND A PRIVATE AUDIT OF THE U.S. TREASURY DEPARTMENT…..!

  52. JG,

    Do you remember about 6 months ago, when I was making a big deal about the gold allegedly owned by the world? The subject won’t die down. And if you want to get a clearer idea, this link will give you additional info on who owns what. Not a pretty picture for the western world…

    The Emperor Has No Gold
    George Washington’s picture
    Submitted by George Washington on 11/04/2012 16:18 -0500

    The Emperor Has No Gold

    Romania has demanded for many years that Russia return its gold.

    Last year, Venezuela demanded the return of 90 tons of gold from the Bank of England.

    The German high court recently ruled that Germany must audit its gold reserves held in foreign countries such as the U.S., England and France. And German inspectors will actually travel to the New York Federal Reserve Bank’s gold depository and the Bank of England to inspect their gold.

    Germany will also repatriate 150 tons of gold in order to test it for purity.

    As Zero Hedge notes (quoting Bloomberg):

    Ecuador’s government wants the nation’s banks to repatriate about one third of their foreign holdings to support national growth, the head of the country’s tax agency said.

    Carlos Carrasco, director of the tax agency known as the SRI, said today that Ecuador’s lenders could repatriate about $1.7 billion and still fulfill obligations to international clients. Carrasco spoke at a congressional hearing in Quito on a government proposal to raise taxes on banks to finance cash subsidies to the South American nation’s poor.

    Four members of the Swiss Parliament want Switzerland to reclaim its gold.

    Some people in the Netherlands want their gold back as well.

    Cheviot Asset Management’s Ned Naylor-Leyland says that the Fed and Bank of England will never return gold to its foreign owners.

    Jim Willie says that the gold is gone.

    The fact that CNBC head editor John Carney is arguing that it doesn’t matter whether or not the Fed has the gold does not exactly inspire confidence.

    Gerald Celente notes:

    It’s not only Germany (who’s gold is missing), it’s the United Sates, it’s all of the countries. Nobody knows what’s in Fort Knox. They won’t let anybody in. Where’s the gold in the United States? How come we can’t go in and look in Fort Knox?

    How come the people can’t have a reading? How come we can’t look at it? How come politicians can’t get in there? How come no one can get in there? The gold does not exist. All this does is confirm what so many of us already know, “The Emperor has no gold.”

    Egon von Greyerz – founder and managing partner at Matterhorn Asset Management – agrees:

    There probably isn’t anywhere near the central bank gold (governments claim they possess).

    Ron Paul has called for an audit of Fort Knox, based upon the suspicion by many that the gold was sold off years ago:

    Others allege that the gold has not been sold outright, but has been leased or encumbered, so that the U.S. does not own it outright.

    $10 billion dollar fund manager Eric Sprott writes – in an article entitled “Do Western Central Banks Have Any Gold Left???“:

    If the Western central banks are indeed leasing out their physical reserves, they would not actually have to disclose the specific amounts of gold that leave their respective vaults. According to a document on the European Central Bank’s (ECB) website regarding the statistical treatment of the Eurosystem’s International Reserves, current reporting guidelines do not require central banks to differentiate between gold owned outright versus gold lent out or swapped with another party. The document states that, “reversible transactions in gold do not have any effect on the level of monetary gold regardless of the type of transaction (i.e. gold swaps, repos, deposits or loans), in line with the recommendations contained in the IMF guidelines.”6 (Emphasis theirs). Under current reporting guidelines, therefore, central banks are permitted to continue carrying the entry of physical gold on their balance sheet even if they’ve swapped it or lent it out entirely. You can see this in the way Western central banks refer to their gold reserves. The UK Government, for example, refers to its gold allocation as, “Gold (incl. gold swapped or on loan)”. That’s the verbatim phrase they use in their official statement. Same goes for the US Treasury and the ECB, which report their gold holdings as “Gold (including gold deposits and, if appropriate, gold swapped)” and “Gold (including gold deposits and gold swapped)”, respectively (see Chart B). Unfortunately, that’s as far as their description goes, as each institution does not break down what percentage of their stated gold reserves are held in physical, versus what percentage has been loaned out or swapped for something else. The fact that they do not differentiate between the two is astounding, (Ed. As is the “including gold deposits” verbiage that they use – what else is “gold” supposed to refer to?) but at the same time not at all surprising. It would not lend much credence to central bank credibility if they admitted they were leasing their gold reserves to ‘bullion bank’ intermediaries who were then turning around and selling their gold to China, for example. But the numbers strongly suggest that that is exactly what has happened. The central banks’ gold is likely gone, and the bullion banks that sold it have no realistic chance of getting it back.

    This may sound like a conspiracy theory. But the banks have already been caught raiding allocated accounts. And governments have repeatedly been caught manipulating gold prices. And financial companies have been caught pretending they have reserves which they don’t. And gold bars have been found to have been filled with cheaper metals.

    And at least one central bank – albeit a tiny one- has already been caught holding fake gold.

    And as Eric Sprott points out:

    We’re not talking about conspiracy here however, we’re talking about stupidity. After all, Western central banks are probably under the impression that the gold they’ve swapped and/or lent out is still legally theirs, which technically it may be. But if what we are proposing turns out to be true, and those reserves are not physically theirs; not physically in their possession… then all bets are off regarding the future of our monetary system.

    China Is Quietly Becoming Gold Superpower

    While Western central banks have frittered away their gold, China is quietly building up its reserves.

    China is the world’s largest gold producer.

    goldproduction2011 China Is Quietly Becoming Gold Superpower

    And yet – according to various sources – gold bullion brokers have not seen any gold coming from China.

    In other words, China is producing more gold than any other country, but isn’t exporting any of it.

    As such, China is quietly becoming a gold superpower.

    Note: China has a habit of being quiet for several years at a time, and then announcing big increases in gold holdings. So quoting old numbers will only mean that one is caught flat-footed as to China’s current holdings.

  53. ALMIGHTY GOD IS IN CONTROL….!

  54. Something very funny: foreclosure mills have, indeed, taken notice of the Schwatzwald case and are now blogging to prospectively cover their behind. Here is a blurb written by Weltman, Weinberg and Reis, one of the 5 major mills operating in Ohio. Note the use of words such as “unfortunate”. I definitely predict collection law firms will have more difficulty scamming as they have.

    An Ohio Foreclosure Plaintiff’s Standing as the Real Party in Interest Must be Established as of the Time of Filing the Complaint
    November 01, 2012 | Larry R. Rothenberg, Esq.

    Years ago, it was common for foreclosure actions in Ohio to be commenced prior to the time the notes and mortgages were formally assigned to the plaintiff. As long as the chain of assignments to the plaintiff was complete prior to the entry of the judgment, courts routinely granted judgment on the basis that the plaintiff’s standing as the real party in interest had been established.

    On October 31, 2008, Judge Andrew Boyko of the Federal District Court in Cleveland issued his opinion and order entitled In Re Foreclosure Cases, in which he disapproved of that practice and stated that exhibits establishing the chain of assignments to the plaintiff must be attached to the complaint. However, his decision was not binding on the state courts, where the great majority of foreclosure cases are processed, and various state courts in Ohio conflicted with each other as to whether to adopt Judge Boyko’s opinion.

    Nevertheless, in order to ensure clean cases and avoid the risk of a foreclosure being voided, Weltman Weinberg and Reis’ practice has been to obtain the complete chain of assignments and attach them as exhibits to the complaint. Although this may have slightly delayed the commencement of some cases, judgments were ironclad on the issue of standing.

    On October 31, 2012, five years to the day since Judge Boyko’s decision, the Ohio Supreme Court issued its decision in Fed. Home Loan Mtge. Corp. v. Schwartzwald, resolving the issue statewide. The case arose in 2009 in Greene County, located in Southwest Ohio. The plaintiff attached a copy of the mortgage, which was to the original lender but did not attach an assignment to the plaintiff. In addition, rather than attaching a copy of the note as an exhibit, the complaint stated that “a copy of [the note] is currently unavailable.” Nine days after filing the complaint, the plaintiff filed a copy of the note, which contained an endorsement from the original lender to Wells Fargo, and an endorsement-in-blank from Wells Fargo. An assignment of the note and mortgage to the plaintiff was executed 30 days after the complaint was filed, and a copy of the assignment was filed with the court 33 days thereafter. The trial court subsequently granted summary judgment in favor of the plaintiff, and the Court of Appeals affirmed the decision, holding that the plaintiff’s lack of standing had been cured retroactively.

    However, in Schwarzwald, the Ohio Supreme Court reversed the Court of Appeals decision, and conclusively established that a lack of standing cannot be cured retroactively, and therefore, because the plaintiff lacked of standing as of the date of commencement of the action, its complaint must be dismissed without prejudice.

    It is unfortunate that the plaintiff had not attached a copy of the note as an exhibit to the complaint. Even though the mortgage had not been assigned until after the case commenced, if it could have been established that at the time the complaint was filed the plaintiff was in possession or control of the original note, which had been endorsed in blank, perhaps an argument could have been made that the plaintiff, as the party entitled to enforce the note as of the date the complaint was filed, was also entitled to enforce the mortgage because under existing case law, the mortgage follows the note.

    In any event, the Ohio Supreme Court’s decision essentially erases any doubt throughout Ohio as to whether the complete chain of assignments to the plaintiff must be obtained prior to the commencement of the foreclosure. Failing to do so will result in the dismissal of the case.

  55. Thanks, JG. It worked. (I should have thought about that…)

  56. God definately has a plan and this is all part of it. He is dividing the evil from the good to see which side we are on.

  57. Scumbags blocked the video…..just google the word KRYTONITE…SCROLL DOWN TO THE FOURTH LINK……

  58. @enraged – I know what you mean but don’t have the answer. Just
    type the address in your own email – it’s a short one.

  59. Allow me to try & repost that superman video…

  60. THE TRUTH IS ALL POWERFUL…..IT IS KRYPTONITE….
    http://www.youtube.com/watch?v=xPU8OAjjS4k

  61. KNOW YOUR ENEMY IS ANYONE WHO KEEPS SECRETS …..LIES & DECEIVES TO DEFRAUD YOU WANTS TO STEAL YOUR FREEDOM & INDEPENDENCE IS YOUR ENEMY………SATAN…..& YOU NEED TO KNOW THE TRUTH IS……GOD IS IN CONTROL……THAT’S ALL YOU NEED TO KNOW…..

  62. The truth is ……if you have faith Shelley……you don’t need or want their bogus help…..at all…!

  63. THAT IS WHY OBAMA FAILED………BECAUSE LOSERS NEVER WIN…THEY JUST TRANSFORM THEMSELVES INTO OTHER EVIL THINGS…..LIKE THE UN-PATRIOT ACT…….9/11…….FRAUDULENTLY INDUCED STOCK MARKET COLLAPSES CALLED REDISRIBUTION OF WEALTH WHICH IS COMPLETE COMMUNISM…………BAILOUTS……TBTF……..THE FDIC……DRONES……FRAUDULENTLY INDUCED DEBT…….. “FAILED BANKS”……..OBAMACARE…..LOAN MODS…..REFIS……PROGRESSIVE TAXATION……..SHIT SALES……DEEDS IN LIEU OF ROBBERY…..NDAA ……HOMELAND INSECURITY……A WAR ON TERROR THAT IS REALLY A WAR ON OUR FREEDOM & INDEPENDENCE …….FALSE RELIGIONS……NEW AGE MOVEMENTS…….CHANNELLING EVIL SPIRITS…..FEMA……ETC……

  64. Millions of Americans are going to need counseling for trama caused by economic terrorim by the time this is over.

  65. Don’t believe them…..they can’t turn water into wine…….they can’t turn wafers into human flesh……and they certainly can’t turn a QUADRILLION dollars in credit fraud into gold or silver……because they are not Almighty God…..& they are not infallible …….

  66. GOD WARNED……….BEWARE THE DECEIVERS……THE PAGANS & THE MONEY CHANGERS….!

  67. GOD IS IN CONTROL SHELLEY……..SATAN KNOWS HIS TIME IS SHORT…..WE ALL NEED TO PRAY THAT HIS TIME IS SHORTENED…

  68. Don’t threaten me John GAult…..YOU deceptive little FEDSTER PHONY…..! I KNOW WHEREVER I AM…..ALL THE DEVILS WILL BE TRYING TO DESTROY & DIVERT THE TRUTH……THIS IS ALL ABOUT COMPLETE COMMUNISM FOR YOU CROOKS……..FOR ME THIS IS ALL ABOUT FREEDOM & INDEPENDENCE FOR MANKIND……..GOD ALMIGHTYS PERFECT PLAN FOR MANKIND…AND NO MATTER WHAT……MAKE NO MISTAKE…….ALMIGHTY GOD LET SATAN & HIS MINIONS & COHORTS KNOW…..GOD IS ALWAYS IN CONTROL…..GOD GAVE EVERYONE FREE WILL……HOWEVER……GOD ALMIGHTY KNOWS MEN ARE WEAK……..ESP. RIGHT NOW……THEREFORE …..THE CREATOR WILL NOT LET THEM DESTROY ALL HE CREATED FOR MANKIND……HIS KINGDOM HERE ON EARTH…..NOT NOW…&.NOT EVER…!

  69. Our country officials sure is not helping us. We need intervention by God. http://stopforeclosurefraud.com/2012/11/04/back-from-the-vomitorium-the-looting-of-the-mortgage-settlement-agreement/ What a crock! Absolutely shamless AG’s and governors and government representatives. Not all I know some are good but not a lot of them. We need more Marci Kuptors.

  70. & BECAUSE THIS IS ABOUT OUR FREEDOM & INDEPENDENCE…..WE THE PEOPLE DEMAND AN INDEPENDENT AUDIT OF THE U.S. TREASURY….!

  71. You better pray because the time of the Lord is at hand…He will never allow his plan for all of mankind to be FREE & INDEPENDENT to be destroyed……not now…not ever…. This is not about religion….or anything these crooks tell you…THIS IS ABOUT RESTORING ALMIGHTY GODS GIFT TO MANKIND WHICH IS………OUR FREEDOM & INDEPENDENCE ……

  72. ToLLe,

    I always get in the same problem with those e-mail addresses: how do i find what my server is? It won’t send without that info.

  73. There must be a reason it’s being tolerated. I sure hope it’s a good one. It’s gone on long enough, tho, to make one wonder. Before I came, I walked alone mostly. Didn’t like it much. I actually learned more, studied more, but that wasn’t much more useful than anything anyone learns and is the only one who learns it. So I’m making a Sunday prayer that the purpose hits its target and it’s over sooner than later. I remember being told something like this: the swimmer can’t do any good for the corpse, but the corpse can surely bring the swimmer down. Sometimes you have to just leave the corpse where it is – alone in the water.

  74. If the American people were told THE TRUTH ABOUT THE OBAMA ADMINISTRATION ……THEY ARE COMPLETE COMMUNISTS WHO WANT COMPLETE COMMUNISM…..WOULD THEY VOTE FOR HIM……? HELL NO…THAT IS WHY THE MEDIA IS HIDING THE TRUTH……AND CALLING IT WEALTH DISTRIBUTION …… BECAUSE OF DEAD BEAT HOMEOWNERS ……THE TRUTH IS THE FEDSTERS & THE OBAMA ADMINSTRATION ARE COMPLETE COMMUNISTS THUGS…..& DICTATORS……THEY ARE ALSO ANARCHISTS WHO WANT ANARCHY…..& THEY ARE THE DEADBEATS WHO DON’T PAY THEIR BILLS & THEY ARE WHO ROBBED US….!

  75. & STOP COMPLYING……COOPERATING & CONFORMING WITH FRAUD AMERICA….! DEMAND THE U.S. TREASURY BE AUDITED…..! DEMAND TO KNOW WHO STOLE YOUR WEALTH & HIJACKED IT……AND FULL ACCOUNTABILITY……..!

  76. ALL YOU DEMONS BETTER RUN FROM THIS SITE…….! YOUR DIRTY SECRETS LIES & CRIMINAL DECEPTIONS TO DEFRAUD THE AMERICAN PEOPLE OF ALL OF THEIR FREEDOMS ARE THE ONLY TOXIC THINGS ON THE PLANET….!

  77. I JUST PROVED MY POINT…..ONLY PURE EVIL WISHES BAD ON ANOTHER……..THEY KNOW THE TRUTH IS…….ALMIGHTY GOD IS REALLY WHO IS IN COMPLETE CONTROL………THAT’S WHAT BUGS THEM………THEY ALL GOT OUTED BY THE TRUTH…………….AND THEY CAN SHOOT THE MESSENGER BUT THEY CAN’T SHOOT THE MESSAGE……THEY ARE THE FACE OF EVIL ……WHICH IS COMPLETE COMMUNISM ………UTTER COMPLETE DESTRUCTION OF GODS PLAN FOR MANKIND TO BE FREE & INDEPENDENT……..& NOW THEY KNOW……..ALMIGHTY GOD WILL NEVER….EVER……ALLOW THAT TO HAPPEN……….NOT EVER…..!

    MY SUGGESTION….HOW ABOUT EVERY U.S. TAXPAYER PUTS UP AUDIT THE U.S. TREASURY DEPARTMENT LAWN SIGNS FOR THE ELECTION…? AND DON’T TAKE THEM DOWN UNTIL THESE CROOKS ARE ARRESTED AND OUR STOLEN WEALTH & PROPERTY IS RETURNED…& OUR OWN CURRENCY ISSUED……….ABOLISH THE FED!……

  78. Carie
    Darn it I stooped to that level but I gotta go from this toxic site. I know what I’m doing in court and I don’t plan on quitting. If I get some good case law or anything USEFUL. I’ll post. Best of luck all

  79. Make that two strokes.

  80. @Deb

    At this point a stroke would be an act of mercy.

  81. Ivent
    Stop. You will have a darn stroke
    And there are just some people if they don’t know you can’t tell em. I am good ism of god and you can kiss my pert ass

  82. MOVE FORWARD MY DIED IN THE WOOL AMERICAN ASS…..! WE THE PEOPLE……..THE U.S.TAXPAYERS DEMAND AUDITS OF THE U.S. TREASURY DEPARTMENT …….!

  83. WHERE IS ALL OF OUR MORTGAGE MONEY YOU LOUSY FEDSTER FRAUDS………??????

  84. http://www.huffingtonpost.com/2012/11/02/wrong-turn-how-obamas-hou_n_2049587.html?utm_hp_ref=business

    by Ben Hallman

    Wrong Turn: How Obama’s Housing Policy Went Off Course

  85. THE TRUTH IS…….THESE CROOKS NEVER SHOW YOU WHERE THEY DUMP THE BODIES……HOWEVER……THEY GOT CAUGHT……BEING WAY TO GREEDY …..& WHO BETTER TO USE AS A SCAPEGOAT THAN A BLACK, MUSLIM, COMMUNIST ANARCHIST SUPREMACIST …. AN ACTUAL DIED IN THE WOOL COMMIE…..? SO IT’S ON TO PLAN B……. THEY NEED TO FIND A NEW WAY TO MANUFACTURE COMPLETE COMMUNISM………THE AMERICAN PEOPLE AREN’T BUYING IT……WE THE PEOPLE DEMAND AUDITS OF THE U.S. TREASURY……..ASAP….!

  86. So ….that begs the question…..Osamas dead & Obama killed him but….what about his alias….? No one knows because no one dares to have the cahones to ask the tough questions in this country…..& THAT IS REALLY WHY WE ARE HERE & THAT IS PRECISELY WHY U.S. TAXPAYERS DEMAND THE TRUST FOR THE AMERICAN PEOPLES MONEY……THE U.S. TREASURY DEPARTMENT BE AUDITED ALL THE WAY BACK TO THE ORIGINATION OF THIS MASSIVE MORTGAGE FRAUD COMMITTED BY TRAITORS FROM WITHIN & THE FEDSTERS FROM OUTSIDE OF OUR BORDERS……AKA …….THE GLOBALIST THEIVES…

  87. For example……..you could very well be a CIA BLACK OP…….WHAT IS OSAMAS CIA NAME…? TIM OSMAN……..WHAT IS OBAMAS REAL NAME…..? IS IT BARRY SOTOERO…..OR BARRACK HUSSEIN OBAMA..? NO ONE REALLY KNOWS BECAUSE NO ONE CAN VERIFY A DAMNED THING…..!

  88. How do I know that’s your boner Fide name….? I have no way to verify that.. & you know that. I just call the fraud as I see it…….& WHAT I SEE IS……THE STENCH OF B.S. EMINATING FROM YOUR COMMENTS……I already told you who I am….. I AM THE U.S.TAXPAYERS ……THE ENTITY WHO PAYS FOR …. FOUGHT DIED & BUSTED OUR ASSES FOR EVERYTHING IN THIS COUNTRY…..& BECAUSE OF TRAITORS LIKE YOU…..WE ARE ON THE THRESHOLD OF COMPLETE…..FRAUDULENTLY INDUCED COMMUNISM..

  89. Ivent
    I blamed the us taxpayers ha- I am one -as for blowing my cover what cover might that be im an open book because i tell the truth and isn’t that rich sinceI’m the only one who blogs in my bona fide name
    I believe in freedom of speech of opinion and expression but with respect to others. Something you are severely lacking. Look up the word etiquette . Now I’m done.

  90. Next time I go to court I think I will wear a fish hat & a robe……I might just win for exposing the truth….the politicians
    don’t want anyone to know…holy shhhhhhhhit…. ! That could even be newsworthy……yep..

  91. i

    see whole article at:

    http://www.huffingtonpost.com/2012/11/02/wrong-turn-how-obamas-hou_n_2049587.html?utm_hp_ref=business

    by Ben Hallman

    ben.hallman@huffingtonpost.com

    (excerpts)

    Wrong Turn: How Obama’s Housing Policy Went Off Course

    On a morning in February, less than a month into his presidency, Barack Obama walked onto a stage at a gym in Dobson High School in Mesa, Arizona, prepared to talk about the wave of home foreclosures wrecking neighborhoods across the county.

    The plan Obama sketched out on Feb. 18, 2009 suggested a new use for taxpayer money: to pay mortgage companies to restructure those home loans held by struggling families. Together with a refinancing program, the plan would prevent “the worst consequences of said crisis from wreaking even greater havoc on the economy,” the new president said.

    Georgina Solis, a teacher’s aide at the school, listened closely as she watched the speech on a TV in a classroom. Her husband had recently lost his job as a maintenance worker, and the family had fallen behind on their mortgage payments.

    “I gave my vote to Obama because he’s a new hope,” Solis said in an interview at the time with the Arizona Republic. “I hope I’ll be able to keep my home because of his policy.”

    But the clear path to recovery Obama described never materialized outside that Arizona gym. The president said that the programs he announced would help between 7 and 9 million families lower their payments and avoid foreclosure. As of the end of June, just 2.3 million had gotten assistance. That was just the beginning of the plan’s shortcomings.

    Many of those whose loans were modified, like Solis, now say they feel stuck. Their monthly payments went down, but they are still underwater, meaning they owe the bank more than their home is worth. They can’t sell, and so they must deal with a cruel irony each month: paying an inflated mortgage on an investment sold to them as the soundest financial decision they could make, a must-have for anyone who wants to join the middle class.

    Other homeowners say the mortgage company they turned to for help lost documents, didn’t return phone calls and otherwise turned what should have been a simple financial transaction into an existential nightmare, one that sometimes ended in an unnecessary foreclosure.

    …….

    …Sometimes the toughest part of a journalist’s job is tracking down a person whose experience properly illustrates a story. Finding people who feel they have been screwed by their mortgage company, though, is distressingly easy.

    “I’m not sure I believe in America anymore,” said a cab driver who picked me up at Los Angeles International Airport last month.
    I hadn’t told him I was a reporter, much less one who frequently writes about foreclosures. I had just asked him how things were going.

    The driver, an Armenian immigrant named Gagik, told me that he had a thriving business selling — improbably — fireplaces in Southern California, prior to the housing crash. When the business failed he began driving a cab to support his wife and two daughters, he said. He soon fell behind on the payments on the Burbank home he had paid $700,000 for in 2006.

    His bank wouldn’t consider lowering the principal amount he owed, even though the home’s value had dropped to just $300,000, he said. “We needed help and they wouldn’t listen,” he said.

    For homeowners behind on their payments and struggling to keep their homes, mortgage debt relief, or principal reduction, is the golden ticket. Most have heard of it, few have seen it. Almost all want it.

    Geithner initially said forgiving debt wasn’t a priority. “This program was not designed to start with a principal reduction,” he said at a Congressional Oversight Panel hearing in Dec. 2009. “We thought it would be dramatically more expensive for the American taxpayer, harder to justify, create much greater risk of unfairness and our program was not designed to do that…”

    …….

    ….Whether banks can write down principal on loans held by private investors is something of a grey area — various banks interpret their servicing contracts in different ways.

    …The White House did not respond to a request for comment. Neither did Geithner. But in July, the Treasury Secretary, who has said he will leave at the end of Obama’s first term, whether he wins reelection or not, spoke to Charlie Rose. Rose asked him if there was anything else the administration could have done to stop the foreclosure crisis.

    In his response, Geithner blamed Fannie and Freddie for not moving earlier on the program that allows some underwater homeowners refinance at a lower interest rate. He didn’t mention the more prominent modification program, and he didn’t mention principal reduction. All in all, he said, the administration had done what it could with the tools it had, he said.

    “Our job is to make sure that we are operating at the frontier with the tools we had, he said. “And I believe we did that. I really believe we did that…”

    WHAT A COMPLETE B.S. COP OUT….GO TO HELL, GEITHNER.

    “…Whether banks can write down principal on loans held by private investors is something of a grey area — various banks interpret their servicing contracts in different ways. ..”

    That’s the part that really gets to me out of the whole article…because the bottom line is that those “private investors” are merely JUNK DEBT BUYERS…of previously (falsely) defaulted debt…when THAT TRUTH is finally understood, maybe we’ll get somewhere. Until then, it’s fraud on top of fraud.

  92. GO BEARS….!

  93. THE DAY YOU BLAMED THE U.S. TAXPAYERS FOR THIS DEBORAH……WAS THE DAY YOU BLEW YOUR COVER…….THE U.S. TAXPAYERS DID NOT CAUSE THIS…….THE GREEDY FEDSTERS DID….!

  94. & LET ME MAKE MYSELF PERFECTLY CLEAR….WE THE PEOPLE WILL NEVER ACCEPT THE VATICANS GOLD BACKED DOLLAR MICROCHIPPED CREDIT FRAUD…..! WE THE PEOPLE DEMAND THE FED BE ABOLISHED…..& OUR OWN CURRENCY ISSUED VIA STATE BANKS DIRECT FROM THE TREASURY…..NO MORE FED STRAWMAN ROBBER BARON FOR THE RICH..!

  95. @mary – that’s a good question. If a homeowner were induced to
    enter an agreement “against his interests” esp by a party with no right
    to offer or enter the agreement, as such might be the case,
    seems those principles would apply. The damage is that a claim from the real party is hanging over one’s head, for starters, and acc to the material, the mod is no defense to that claim. Mod would be “against his interest”, also, if the note had actually been paid off somehow and the bankster knew it or should have known it (which also means the inducer had nothing to modify) and a new obligation has actually been created against his interest. If so, imo it’s unsecured unless the mod agreement itself creates a new security interest, because payment (here, third party) of a note secured by a dot 86’s the dot as a matter of law (which also means ftr, there could be a lot of factually released dot’s still of record out there). Imo, it’s also fraud to induce a new obligation, of course. If the note at issue is subject to a third party (not rpii) guarantee even, and this fact is not divulged to the homeowner, I say it’s significant enough to qualify as fraudulent concealment. I wouldn’t have otherwise thought of this one, so glad you asked.
    PS – if a loan is subject to a third party guarantee or any surety and the bankster knows it or should know it and fails to disclose this info to the homeowner it’s after in foreclosure, same thing.
    *UCC Art 1-201(b)(39), acc to my notes, defines a surety as ” a guarantor or 2nd obligor”. A certain clue I came accross makes me think one who endorses a note may become a surety and or 2nd obligor (and if the only thing actually conveyed to a trust by operation of ART 9 is a security interest, there are all those ramifications. Imo,
    the indentured party is the primary, not secondary, obligor to the trust – working on it). Don’t know yet if it’s true about endorsements or what exactly that would mean if it is. We know what being a guarantor means as to loans which went thru FNMA if not FHLMC – they have to repurchase the loan (or whatever was conveyed, including a security interest) in order to end their guarantee. No repurchase, they have to continue their guarantee, so payment is not in default. which shapes up to look like this to me: any loan which went thru FNMA if not FHLMC
    can’t be rightfully foreclosed by a trust. IF the guarantee is not being
    honored, which I doubt (unless a particular bankster willfully acts to avoid the guarantee for its own benefit), it seems to me the trust’s first recourse is an action against FNMA to honor the guarantee. Since it appears a fact from FNMA’s judicially noticeable Prospectuses that FNMA does guarantee payment, and a homeowner was not likely to have uncovered this matter (I mean, you didn’t, right? you’ve just learned of it ), I stand on it being material if not fraudulent concealment when not made known to the homeowner.
    Lay opinions. Ask a lawyer.

  96. SHADOWCAT THINKS SHE IS FUNNY……..BUT I KNOW SHES A ROBERBARON CROOK & A LYING……COMMMIE SUBVERTING THEIF……DISCUISED AS THE AMERICAN PEOPLE BUT SHE IS REALLY A FED….U.S. TAXPAYER DEPOSIT……UNSECURED…….UNINSURED …..UNENDORSED…….SHEISTER FELON……..THE TRUTH IS ..THE U.S. TAXPAYERS COULD NEVER INSURE A QUADRILLION IN CREDIT FRAUD COMMITTED BY WALL STREET…..THATS WHY THERE HAVE BEEN NO AUDITS……..& WE THE PEOPLE DEMAND THE U.S. TREASURY BE AUDITED……..ALL THE WAY BACK TO THE ORIGINATION……& WE WILL ACCEPT NO LESS…….NO GOLD BACKED DOLLAR……NO MORE DEBT…..UNTIL WE ARE SHOWN PROOF OF WHERE OUR MONEY WENT….!

  97. Talking behind your back ivent. Me? About what. I am with you on a lot of points re tax dollars bailouts transfers offshore but my power lies only in my ability to make a small difference by trying to get my day in court and the rule of law to hold up for me, as it should the rest has been going on for decades it appears the system is broken but JHC I did not do it and most of my time for 30 Plus years has/is spent at the hospital
    So who ever you are since you can’t post your real name, I say ivent. Stop being mean
    Just stop being mean
    Universal law … You think bad… Guess what comes back to you. Like a boomerang
    I’m done here.

  98. THERE NEVER WAS ANY CASH & WE ALREADY PAID FOR THE HOUSE & IM NOT LETTING YOU CROOKS SUBVERT YOUR FRAUD BY ANY MORE EVIL COMMUNIST PERVERSIONS……! NO WAY…..NEVER……SHOW ME THE ORIGINAL MORTGAGE WAS PAID BACK TO THE U.S. TREASURY BY THE FED….BEFORE YOU MADE A TRANSFER……..YOU CAN’T BECAUSE THE TRUTH IS……YOU ARE COMMUNIST SUBVERTER CROOKS……

  99. THE TRUTH IS SHADOWCAT……THE FEDSTERS ARE DROWNING IN THEIR OWN DARK POOL OF FRAUD CREATED BY YOUR OWN BANKS FOR YOU BY YOU……& YOU SEVERED YOUR OWN LIFE LINE BY USING WALL STREET TO COMMIT A QUADRILLION IN CRIMINAL CREDIT FRAUD…..WITH OUR SIGNATURES….YOU FORGED……!

    MORE FOX NEWS LIES……..FOX GUEST SAYING WOMAN WANT OBAMACARE……OH HELL NO…..I DON’T KNOW ANY WOMAN IN AMERICA WHO WANTS THE FED GOING UP THEIR CROTCH WITH A FEDERAL MICROSCOPE…….& WE KNOW THOSE BREAST EXAMS GIVE US TUMORS……& MEN DON’T WANT THE FED UP THEIR ASSES EITHER….NOBODY DOES….LIARS….!

  100. You so Funny Ivent… Using the Banksters Jokes and all … I mean Really! Your Not Paying Any Taxes…. to speak of….. Why are you so Profoundly calling yourself a Taxpayer? Oh Right … You want to keep the cash and the house and let those still paying taxes flip the Bill for You. hahahahahaha

  101. WHY DEBORAH WYNN…..? BECAUSE WE THE PEOPLE CAUGHT YOU LYING & TALKING BEHIND OUR BACKS….THAT’S WHY! WHO ARE WE……? WE ARE THE U.S. TAXPAYERS WHO WERE ROBBED BY THE FEDSTERS…….& WE THE PEOPLE DEMAND AUDITS OF THE U.S. TREASURY….THE PEOPLES MONEY…….BECAUSE THE U.S. TAXPAYERS ARE FREAKING FURIOUS………& WE THE PEOPLE DEMAND TO KNOW WHERE ALL OF OUR MONEY WENT……! THAT’S WHO WE ARE…..!

  102. Dont take anything personally Deborah. She is about to hit the Rapids with no Lifeline. You cant save them All.

  103. NO……THE FEDSTERS ALREADY GOT PAID BACK THE 80 GRAND THEY STOLE……..& THEY POCKETED THAT……& TRILLIONS MORE THEY NEVER LENT…….THE FEDSTERS SCREWED EVERYONE……..VIA THE POLITICIANS & THE JUDGES…..&..IT’S HAMMERTIME….TIME FOR SOME AUDITS……..WHERE DID ALL OF OUR MONEY GO…….? WE THE PEOPLE DEMAND AUDITS……AS SOON AS ROMNEY TAKES OFFICE…..! WE THE PEOPLE WANT ALL OF OUR FREAKING MONEY BACK….& WE KNOW YOU FEDSTER CROOKS STOLE IT…!

  104. 80 GRAND…..? WE NEVER GOT 80 GRAND……BECAUSE NO REFI EVER OCCURRED……….YOU COMMIE FEDSTERS STOLE IT……UNDER THE GUISE OF A REFI THAT NEVER HAPPENED……..YOU FEDSTER CROOKS WANT YOUR CAKE & EAT IT TOO……..WELL IT IS EITHER ALL DONE AS ONE TRANSACTION….OR THAT TRANSACTION NEVER HAPPENED……& THE TRUTH IS…….BECAUSE OF THE ORIGINATION FRAUD ……. NONE OF THESE TRANSACTIONS EVER OCCURED….BECAUSE THE FEDSTERS NEVER PAID THE U.S. TREASURY BACK WHAT THEY BORROWED & THEY POCKETED ALL OF OUR PAYMENTS…..AS USURY……….!..THEREFORE…..THE FEDSTERS NEVER HELD LEGAL TITLE & THESE REFIS WERE IN FACT FELONIES BY THE FEDSTERS & THAT MEANS THOSE REFIS NEVER HAPPENED…! DAMNED COMMIE SUBVERTERS….IS ALL YOU ARE…..LOUSY…STINKING PERVERTS…..ALL OF YOU…..& ITS HAMMERTIME…!

  105. RE: “…..&WE THE PEOPLE CANNOT AFFORD TO PAY FOR ALL OF THE STOLEN MONEY……”

    ~~ Who is going to pay back the $80,000 you stole when you claim you didnt sign anything? If you didnt borrow the CASH, Why did you keep It? Silly Me .. All these Questions?

  106. Ivent
    You Called me a prostitute A cretin and a tiny fart. Why ?.
    Who are you ? I have no idea why you whoever you really are, would be calling me these names or why it serves you. I am not the enemy. I did not attack you .
    I posted by case number I shared what I’ve done
    I have done my best In court iTook no ones money to do it and I have a proper job.
    Do not write untruths about me. I have enough to do in court already.

  107. THE MOMS ON MAINSTREET KNOW THE COMMIE SUBVERTORS IN THE SCHOOLS ARE TELLING OUR KIDS ROMNEY WANTS TO STEAL THEIR FINANCIAL AID FOR COLLEGE………WHAT THOSE TEACHERS ARE NOT TELLING OUR KIDS IS ………THE COMMIE FEDSTERS ALREADY STOLE IT & HIJACKED THE U.S. TREASURY…..&WE THE PEOPLE CANNOT AFFORD TO PAY FOR ALL OF THE STOLEN MONEY……THESE TEACHERS ARE DAMNED COMMIE SUBVERTORS…WHO ARE ROBBING THE PRIVATE SECTOR & THEMSELVES………! DUMBASSES…! ABOLISH THE FED…..!

  108. If your refi wasnt Real … Give Back the $80,000 and Sue Them. . But we didnt Refi… so what would we know?

  109. SHADOWCAT IS IN REALITY….RATTING HERSELF OUT BY THE OLD SWITCHEROO…SHE IS USING THE FELONIES THE FEDSTERS TOLD THE BANKSTERS TO COMMIT TO VICTIMIZE THE AMERICAN PEOPLE AND SCREW THE U.S. TAXPAYERS INTO SCREWING THEMSELVES…..SHADOWCAT IS A COMMIE SUBVERSIVE & AN ANARCHIST….!

  110. CASH I RECEIVED IN MY REFI…….? THERE WAS NO FREAKING REFI…….YOU JUST USED THE BANKSTERS TO DUMP THE BODIES & CALLED IT A REFI……!

  111. E-Tolle, Case Law? Sorry, They never made it past the Standing/Default Issues. No copies of the court transcripts available? Won Summery Judgement on Standing on One property (CITI), No lawsuit filed from BOA NA …. On Notice since Oct 2010 with Hubbys Denials and Proof of Frauds. My Next Step is Coming Very Very Soon.

  112. I know you don’t cover Cook County…… You thought Rahm father was going to save your criminal asses but you found out that in Cook County….pigs get fat but hogs go to the stockyards….behind Bishop’s Chili……

  113. I don’t stick my tongue out like I’m 6…..grow some & suck it up you big fat lazy freeloading bunch of cowards, frauds & phonies….!

  114. God Forbid……! I don’t want any “help” from you or any of your democrat criminal friends…….of any race……creed or religion….!

  115. Of course your a big Matt Taibi supporter…..& he turned on you. That is because the FEDSTERS & THE DEMOCRATS SCREWED EVERY SINGLE ONE OF YOU …NOT THE BANKS……THEY WERE JUST THE PERPS WHO MADE SURE YOU GOT PAID TO KEEP YOU QUIET…….YOU ARE A BATHOUSE FULL OF WHORES WHO ARE BLAMING THE VICTIMS AS WELL & ARE PISSED OFF AT THE WRONG PARTY……..YOU ARE PISSED OFF BECAUSE THE FEDSTERS CLEANED YOU OUT AS WELL BY USING THE SAME SECRETS, LIES & CRIMINAL FRAUD TO DEFRAUD YOU AS WELL AS THE WORKING CLASS…….THE FEDSTERS SOLD YOU A BAG OF SHIT…….AND YOU THOUGHT YOU WERE TO SMART TO GET SCREWED…….WELL……GUESS WHAT……???? YOU GOT SCREWED BY THE FEDSTERS TOO…WELCOME TO THE JUNGLE THE FEDSTERS CREATED VIA THE TRAITOR POLITICIANS….IT GETS WORSE HERE EVERY DAY….YOU HAVE TWO CHOICES……THE RICH WHITE GUY OR COMPLETE COMMUNISM…… ITS TIME FOR THE OTHER HALF TO SUCK IT UP OR EXPECT TO LOSE ALL OF YOUR FREEDOM…….BECAUSE…….MAINSTREET DOESN’T HAVE YOUR FREAKING MONEY………THE FEDSTERS HAVE IT…..& THEY ROBBED US TO.

  116. @Ivent, I dont cover Cook County, but a friend of mine does. She is a Retired Teacher and School Administrator (Smart as A Whip with dark skin color). She has no desire to Help You or Mr Bankster! … Sticks My Tongue Out ….

  117. Deborah Wynn & the FEDSTER TROLLS ARE THE ONLY PROSTITUTES HERE……PROSTITUTING FOR THE FEDSTERS WHO USED SECRETS, LIES & CRIMINAL DECEIT TO ROB, FINANCIALLY RAPE & PILLAGE THE AMERICAN PEOPLE…….YOU TRIED TO DEVOUR THE HAND THAT FED YOU……..AND NOT ONLY DID YOU FAIL……BUT YOU NEVER THOUGHT YOU WOULD GET CAUGHT…… WELL…..ITS PAYBACK TIME…..THE RULE OF LAW IS COMING TO GET YOU BECAUSE YOU SCREWED THEM TO…& THEY KNOW IT……THE PENSIONERS GOT SCREWED TO…& THEY KNOW IT……THE SMART ONES KNOW THE TRUTH IS, WHEN THE PRIVATE SECTOR CAN’T AFFORD TO PAY FOR THEIR MISSING PENSION & HEALTHCARE …..YOU FEDSTER CROOKS WILL TRY TO INSTALL COMPLETE COMMUNISM …….AND THE DEMOCRATS ARE THE BIGGEST WHORES ON THE PLANET……& THEY ARE REALLY THE SPAWNS OF SATAN WHO PUT US ALL IN THE OBAMATORIUM…..

  118. I am Not An Attorney, You Questions are of A Legal Nature. I recommend you Do NOT sign Anything with Errors or Statements you Do Not Understand. Look into my Eyes ….. Get an Attorney!

  119. Imbecile…

  120. RE: …. “Silence can only be equated with fraud where there is a legal or moral duty to speak or when an inquiry left unanswered would be intentionally misleading.” U.S. v. Tweel,550 F.2d 297(1977).
    ———————————————————————————————

    I Agree. Apparently My Lack of Silence with the Buyer, Borrower, Homeowners stirred up alot of Trouble. If It closed you get paid .. if it does not.. no paycheck. What Paycheck?

    ________________________________________________________

  121. IN TERMS YOU CAN UNDERSTAND……YOU ARE DAMNED STRAIGHT…the lifestyle that MILLIONS OF AMERICANS…WORKED OUR ASSES OFF FOR…..& THE PUBLIC SECTOR ROBBED VIA THE FEDSTERS & THE POLITICIANS ….THIS IS THE UNITED STATES OF AMERICA……WE THE PEOPLE OWN THIS PLACE BECAUSE WE PAID FOR EVERYTHING…..YOU ARE THE CROOKS AND CON MEN WHO STOLE IT……. WHAT GOES AROUND COMES AROUND…..YOU ARE NOT THE RULE OF LAW….YOU BROKE & SUBVERTED THE RULE OF LAW & THEREFORE YOU DO NOT HAVE THE AUTHORITY TO ENFORCE IT. YOU DO NOT OWN ANYTHING BECAUSE YOU DID NOT PAY FOR ANYTHING. YOU ARE ONE BIG GIANT BUNCH OF THUGS & GANGSTERS WHO USE COVER UPS, LIES & CRIMINAL DECEIT TO COMMIT FRAUD & FORGERY TO TRY & CONTROL THE MASSES & ROB THE MASSES……YOU ARE FELONS WHO HIDE BEHIND YOUR BANKS, POLITICIANS, EDUCATION, LAW ENFORCEMENT MEDIA & THE JUDICIARY & YOU BELONG IN PRISON FOR LIFE…YOU ARE NO MORE THAN COWARD THUGS & CRIMINAL IMPOSTERS…THAT IS WHY THE WORKING CLASS, THE UNEMPLOYED & UNDERPLOYED CLASS & EVEN MANY OF THE PENSIONERS ARE VOTING FOR THE RICH WHITE GUY…..ROMNEY 2012..WE ARE SICK OF BEING BROKE & WE ARE SICK OF BEING ROBBED….

  122. Start repeating over and over: “bail out should never have taken place. Let’s do as they did in Iceland” and it is bound to happen. I’m really happy to see that idea get more and more traction as time passes. Our only roadblock appears to be the media…

    Can someone Explain why Matt Taibbi and Chrystia Freeland thought bailout necessary?

    I’m a huge Matt Taibbi supporter ever since he made a snarky comment about me during my support of Howard Dean’s campaign, I know him to be a journalistic bulldog of integrity and honesty.

    I was however a little confused why he and Chrystia Freeland author of “Plutocrats” both agree, the bailout was necessary.
    Here is the video in which they both made this supportive statement for bailing out the ‘too big to fail’ argument
    http://truth-out.org/news/item/12268-matt-taibbi-and-chrystia-freeland-on-the-one-percents-power-and-privileges

    I don’t believe as Taibbi beats up ‘too big to fail’ he should support the actual philosophy of ‘too big to fail’.

    Both Matt and Chrystia need to study in depth how Iceland allowed the banks to fail and fail miserablly and it was only this radical punishment and firing of executives and shifting of power authority (and yes plutocrats at the top of Iceland’s most powerful banking sector) that allowed Iceland to now race ahead of the US, Canada and even Europe economically.

    If Matt does not agree on the Iceland argument, then he needs only look at what Obama really did with the auto industry. When corruption grips and industry so badly, that industry is on the brink of bankruptcy, the Government steps in, nationalizes or takes into receivorship and then yanks the personnel and kickstarts the whole thing until you rooted out the root cause of the corruption so you are not throwing good money after bad.

    Obama did essentially this with the help of Jen Granholm ( a very skilled and indeed genius political strategist) and that is why Chrysler and other Detroit companies are making smarter more energy efficient cars.

    Unlike Romney’s ‘let them go bankrupt’ this acknowledges the core problem is with personnel and not necessarily the machine of the industry (that of the hardworking labor or the mechanisms that churn out an industry’s product be it car, or financial services).

    I really would hope that Taibbi and or Freeland entertain a different view of what might have happened in 2008.. we take over the top 5 banks, we kick out the asshole CEOs that gambled us into that situation, we bring in international top notch execs that worked with integrity at other global banks, we fund those folks and yes with taxpayer money but we also forced regulations and then give the dividends directly back to the taxpayer not like Obama taking the profit and stuffing it some general government fund for no taxpayer ever to see the light of day of those billions of dollars

    either way, it’s strange to me these 2 academically brilliant economic thinkers could ignore the Iceland or the Detroit models and still advocate that the bailout needed to happen.

  123. And a Good Morning to You E-Tolle. Just to set the Record Straight, you were the Nebie on this site. I was here Long Before you, using different screen names to protect myself from Banksters and Nut Cases. For the first couple of years, I was quiet while Working in Public Service to Save Your Bacon. Your Welcome!

  124. Something to do with not trying to build anything new with old (as in: tear down the whole mess, restart from scratch on solid foundation), having to clean our house first before we go clean someone else’s (as in: poking our nose into every country’s business instead of fixing ours), etc, etc. You know, that biblical stuff everyone in this damned country is always claiming to be inspired by while actually refusing to follow it personally. Hmm… isn’t that the very definition of hypocrisy?

    Iceland’s Economy now growing faster than the U.S. and EU after arresting corrupt bankers

    By wmw_admin on October 31, 2012

    At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world. Now they are one of the fastest growing economies in the world.

    Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?

    After watching this video, what you think? Was Iceland off their rocker for sending the bankers to jail, or on to something that America should have done as well?

  125. ToLLe,

    I tried. Didn’t work. Something to do with free speech. So, it’s like the damn commercials during TV: I tried to ignore it. I hear it builds character….

  126. E Tolle
    I second that
    Nothing can be used from them it’s old news
    I vent ( if indeed is a women) has brought womankind tO a new low with no more class than a prostitute with 2 beds,
    The info posted is An opinion but we got the opinion. A million times we got the opinion. Thank you. ( I think )

  127. “Silence can only be equated with fraud where there is a legal or moral duty to speak or when an inquiry left unanswered would be intentionally misleading.” U.S. v. Tweel,550 F.2d 297(1977).

    In determining whether the plaintiffs come before this Court with clean hands, the primary factor to be considered is whether the plaintiffs sought to mislead or deceive the other party, not whether that party relied upon plaintiffs’ misrepresentations. Stachnik v. Winkel,394 Mich. 375, 387; 230 N.W.2d 529, 534 (1975).

  128. @JG: Wouldn’t below apply to modifications offered and done by servicers (a/k/a ivestment banks-buyers) since the alleged borrowers were oblivious??? (scheme/trickery/device-intent to deceive/cause harm)???? (who knew/known or should have known???).

    jg; banksters often argue they had no 1) fiduciary and or) they had no duty to disclose material information.

    The “[special facts] doctrine requires satisfaction of a two-prong test: that the material fact was information peculiarly within [the] knowledge’ of [the defendants], and that the information was not such that could have been discovered by [the plaintiff] through the exercise of ordinary intelligence’” (Jana L. v W. 129th St. Realty Corp., 22 AD3d 274, 278 [1st Dept 2005], citing Schumaker v Mather, 133 NY 590, 596 [1892]).”

    jg; this probably has a lot of application, but i see it as useful against the dot. “Fraudulent concealment” – no one was told that for 20 or 25.00 to MERS, anyone could claim an interest in one’s dot nor that while the borrower was induced to agree “MERS” could do this and that, MERS is nothing but a computer program and would never in fact do the act(s) for which agreement was induced – someone else would and would for a 20 or 25.00 payment to MERSCorp’s coffers.
    Caution: according to these cases, one has to allege (if not demonstrate) one was damaged by the concealment or misrepresentation. Shouldn’t be too hard. Lay opinion(s).

  129. PUBLIC SERVICE ANNOUNCEMENT

    Far more critical than any discussion of case law is the absolute need to have ivent and her faithful moron sc ejected from Living Lies. These two appeared at the same time, when LL received some mention to a wider press audience, and have made it their every waking moment’s task to screw this blog directly into the ground, with every mindless comment they utter.

    Write Neil Garfield every single day with this phrase, or one similarly nasty, in the subject line:

    Mr. Garfield, please disallow the assholes ivent and shadowcat from posting on LL. Thank you.

    Or alternatively, ask that a death penalty by show of hands be enforced on LL. It’s time for a return to public lynchings. I will gladly construct the gallows at no charge.

    Send hourly, at the least, to:

    neilfgarfield@hotmail.com

    The coup that has overtaken this once very helpful source of news and insight has totally destroyed any value that used to exist here. It’s time for change we can all believe in. Drastic times call for drastic measures. Death to ivent and her pet moron sc.

  130. back to eating Prime Rib? Isnt that part of the Extravagant Spending and Lifestyle You Lived….. with All that Taxpayer Cash you recieved in your Refi? Now the Taxpayer Cash is Gone and You can only afford Rum and not Prime Rib anymore … Would you like us to get second Jobs to make sure your all Comfy? While you were eatin Prime Rib on My Tax Dollers …. I was eating Grilled Cheese and Paying my Bills. So If I quit working … I can live in a 500,000 home and eat Prime Rib just by taking out loans from the taxpayers … that I’m not obligated to repay? WOW!

  131. & while the private sector are working our way back to eating prime rib………you will be hurling on cat food…….if your lucky….we will send you a few sniffs….but I doubt it……Americans never forget who screwed them & tried to destroy them….

  132. I have never been on a food stamp program in my life …….unlike you PUBLIC SECTOR WORKERS WHO FEED OFF OF THE PRIVATE SECTOR LIKE PARASITES…..IN FACT …. YOU ARE ONLY ABLE TO PAY YOUR BILLS FOR AS LONG AS THE PRIVATE SECTOR KEEPS PAYING ALL OF YOUR LAZY FREELOADING FAT ASSES……..& THEN WHAT WILL YOU DO WHEN THE PRIVATE SECTOR IS BANKRUPT……..? YOU WILL BE WORSE OFF THAN US….WHILE WE ARE EATING HAMBURGER WITH PINK SLIME…….YOU WILL BE EATING CAT FOOD…..SURE HOPE YOU LIKE THE CHANGE…..FROM CAKE TO CAT FOOD…..HOPE YOU LIKE FISH HEADS….& EYEBALLS….

  133. If it were not for We Federal & State Tax payers Working and paying in tax…….. You wouldnt be getting your Link Card from your mailbox.

  134. We Federal Tax Payers dont Have Any Use for Theifs or Free Loaders!

  135. WOW! They dont want to pay, PropertyTax, Mortgage Payments, Income Tax or Pay for Legal Advise. I Smell a FreeLoader who Confused the Meaning of the Land of the Free. Just Sayin …

  136. SORRY SHADOWCAT ……THE FEDSTERS ARE WHO WILL BE GETTING A DEFICIENCY JUDGEMENT LETTER & YOU, A PINK SLIP……FROM THE U.S TAXPAYERS….FOR SELLING ME A STEAMING SHITPILE OF FRAUD…..DISGUISED AS A MORTGAGE.

  137. Obama told 60 minutes he did not become President to bail out banks & wall street fat cats. That statement was of course, very deceptive. THE TRUTH IS….Obama was appointed as President by the FEDSTERS to ROB THE AMERICAN PEOPLE INTO INDENTURED SERVITUDE FOR the FEDSTERS via the WALL STREET BANK & FAT CATS & STEAL AMERICA…….THIS WAS A COUP DE TAT OF THE U.S. TREASURY BY THE OBAMA ADMINISTRATION & WALL STREET FOR THE FEDSTERS & OBAMAS ONE OF THEM…..SO ARE THE CLINTONS…THEY WANT COMPLETE COMMUNISM…..MAKE NO MISTAKE. Rahm Emanuel said how could Obama be a Socialist & be for the 1%……? Because hes not a socialist. He is a robberbaron for the rich communists. Therefore he is one of them. The RULE OF LAW says you if you are party to a crime….you are a criminal too.

  138. Sorry Ivent … You’ll be getting a Deficency Judgement Letter, Not a Debt forgiveness Letter. Unless of course you have multiple parties claiming ownership via title and as owner of Note. Do You? Of Course Not. No Free Ride for You. Hows the Thumb Looking?

  139. @JG… I get it! I really do!

  140. THEY AREN’T ENTITLED TO ENFORCE ANYTHING JOHN BECAUSE OF THE ORIGINATION FRAUD…….REMEMBER….? THE TRUTH IS…..THEY HAVE YOU & MILLIONS CHASING YOUR OWN TAIL TRYING TO FIGURE THIS OUT….FRAUD & FORGERY MADE THEM LOSE POSSESSION……PERIOD….THEY CAN HAVE NO LEGAL STANDING BECAUSE OF FRAUD & FORGERY……..PLEASE……COME OUT OF THE OBAMATORIUM AMERICA….BEFORE ITS TOO LATE…!

  141. NO SC……THE FOREIGN FREE RIDE ON THIS U.S. TAXPAYERS IS OVER….I REFUSE TO CONFORM, COMPLY & COOPERATE WITH FEDSTER FELONS……YOU ARE GOING TO BE NEEDING YOUR THUMBS WHEN YOUR GREEDY FINGERS ARE CHOPPED OFF BY THE RULE OF LAW……..

  142. I should say this, in case anyone’s paying any mind. Ms Field is right
    that a guy with one loan on his primary residence can’t get a whole lot of relief by filing c-13: no cram downs on owner-occupied homes. The bk rules don’t care if 200k is unsecured – you can’t dump it, unlike other unsecured debt. (Home value is 300k, owe 500k – tough luck).
    ************************
    § 3-117. OTHER AGREEMENTS AFFECTING INSTRUMENT.

    UCC:
    “Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented, or nullified by a separate agreement of the obligor and a PERSON ENTITLED TO ENFORCE THE INSTRUMENT (my emphasis and imo a distinction worth noting), if the (new – sic) instrument is issued or the obligation is incurred in reliance on the agreement or as part of the same transaction giving rise to the agreement. To the extent an obligation is modified, supplemented, or nullified by an agreement under this section, the agreement is a defense to the obligation.”

    Interesting, but I’m with dcb – give me back my orig note so a hidc or even just a holder doesn’t get it and I have to bear the aggrevation and cost of such defense. And, if the note is (allegedly) modified, supplemented, or nullified by a party with no right to enforce the note,
    the “modification” isn’t even a defense. Cripes. What a rotten mess.

    Did you know that not only were banksters allowed to leverage to high hell, they could also leverage on margin account moolah? You gotta be kidding me. Even a financial eejit like me gets that one.

    Moral hazard to give homeowners a break? Here’s moral hazard:
    Allowing a gang of conspirators to willfully make bogus loans (with leveraged or others’ money or whatnot)profit at every step, foist them on others to absorb any hits, bet against them (which means if they get paid, homeowner loses home), take the money and secrete it away off shore. Or how about paying yourself multi-million dollar bonuses and then filing bk and letting your creditors bite it. I mean, what the h is this? A judge says, “you’re not getting a free home”?
    Do those courts really not understand who got the “free”? That really torks me. There is nothing in the law which says a person may not end up with a free home, and accordingly, that attitude is a damn lousy starting point.

  143. I’m not sure if Land America was a FED operation. But they had no problems filing “BK on me (a vendor). Quite Frankly .. I’ve worked with (not for) All The Major Player Title Companies ..Stewart, Fidelity, CT, 1st American, LSI etc.. I’m a NNA Member in Good Standing. But I’m not Working by my Own Choice… Why would I do that? Oh Yeah …. I’m Freeloaden off Hubbys Salary and Lovin It!

  144. Of course there are multiple entities hiding here……CHINA….Russia….Rome…..Germany….the Saudis….& they are all hiding behind YOU……….THE FEDSTERS……& GUESS WHAT…..THEY ARE COWARDS & IMPOSTERS & THEY OWE THE U.S. TAXPAYERS GAZILLIONS FOR THE ORIGINATION FRAUD & USURY & THEY ARENT GETTING ANY CONFORMITY, COMPLIANCE OR COOPERATION FROM ME…… THEY ARENT GETTING MY HOUSE….OR A TAX FREE BUSINESS…..FROM ME…….BECAUSE I ALREADY OVERPAID FOR IT….& THEY ARE LOUSY LYING TWO BIT HOODLUMS & FELONS….!

  145. Sorry Ivent … You’ll be getting a Deficency Judgement Letter, Not a Debt forgiveness Letter. Unless of course you have multiple parties claiming ownership via title and as owner of Note. Do You? Of Course Not. No Free Ride for You. Hows the Thumb Looking?

  146. Yep….the cowards..& the wicked witches are looking pretty worn out & tattered & the wizard has run out of magic tricks & the emperor is stark assed naked……&..WE THE PEOPLE don’t pay them trillions to look like trailer trash in a low budget X rated horror flick….I will take 2 debt forgiveness letters for having to spend my valuable time exposing & witnessing this trash. Damned deadbeats…!

  147. Working for the FEDSTERS must pay well huh sc…?…..Max Keisers doing it……I saw his show today…..sticking pins in a voodoo doll cursing the banksters….I wondered how he got away with calling Obama a Nazi….because he is one two…..Hollyweird is supporting the Nazi regime as well…..all the friends of Vladimir…….Hu Jintau…..King Abdullah……Frau Merkel……..Benedict…….Berlasconi/Napolitano……& so on……all died in the wool commies…are on U.S. Soil by fraudulent investing & are in power via Obama & the FEDSTERS…….

  148. I get the feeling Uncle Sam is Going to Take a Bite out of my Ass with Income Tax on a Debt forgiveness Letter. A Great Excuse for a New Wardrobe…lol

  149. Well compliance day came & went…….Compliance day was the day the FED FILED THE FRAUDCLOSURE BY PROXY….

  150. WHat about when the “scrivenors” AKA THE PLAINTIFF’S join the Defendants to sue MERS…..? MERS IS NOT A BANK THEREFORE THEY COULD NEVER HOLD LEGAL TITLE OR LEGALLY TRANSFER ANYTHING……….FOR A TITLE COMPANY OR THE FED OR ANYONE……

  151. The Pretender has two Choices …. Bluff Us and Go Directly to Jail. Or drag its feet til compliance day. I would hope come Compliace Day, it would do what is required of it. It would save us from another lawsuit. Yep!

  152. The statute of limitations for fraud begins when you discover it.

  153. There is settled case law John that says the title company has fiduciary duty to all parties to the transaction….& if they have knowledge of fraud & ignore it…….they are a party to it. I printed that out a while ago….I will try & find it and post it here when I do……I have gazillions of info I saved for future reference. There is a lot of law to cover. This country is a massive crime scene.

  154. We could sue the Stuffin out of Them. But our Gradification will be in the Prosecutions. . Yep!Yep!

  155. Yes JG… We Knew, and so did They. The same thing happend to us. If you put the pretender on Notice of the Crime and the pretender wants to stick its head out again and participate in it ….. Well Then…. Chop It Off. Or set on the sidelines and let it remove its rubbish from our title after fighting for two years to get MERS and CW Crap Cleared off the Title from the prevous Frauds (covered under Settlement). New Frauds … Are Not Covered! Newest Pretender filed lien in 2010 (not LP) after Robo MERS and CW release from same Law Firm that Filed the LP for CW Mod Fraud. If they attemp FC after being put on Notice ….. Ut Oh.

  156. I don’t think what Ms Field said regarding home loans and bk is entirely accurate. Chapter 13 provides for stripping wholely unsecured 2nds, generally by motion.
    That’s not too shabby, esp since it’s the 2nd that carries the crummier interest rate. Further, as i’ve said before, it’s my understanding first loans on rentals can be crammed down to value in 13’s. That ‘s rather a big whoop.(move out – rent your house – stinks, but you won’t die – you can return later)
    C 11 debtors may avoid certain home loans altogether. On this stuff, absolutely make sure you get GOOD ADVICE FROM A COMPETENT BK ATTORNEY, bearing in mind that only some bk attorneys are well-informed and experienced in 11’s, and 11’s generally cost more and can be a pain in the tail (monthly reports). Make sure, esp if C 11, to discuss the bk estate’s potential interest in a home where a loan was avoided. Maybe the attorney will suggest he make a deal for you with the bk trustee, if necessary.
    So, if you file 13, you can 1) 86 certain 2nd’s, 2) cram down firsts on rentals,3) get reduced payouts thru bk court during life of the plan on credit card and other unsecured debt. Ask a lawyer.

  157. I thought it was weird that there was a civil defenses drill at 3:00 am on the Tv last night….things that make you go hmmmmm…….????

  158. SC…Can you clarify what FB is….? You sure are acting radical tonight…are you smoking something weird up in the obamatorium..? It sure isn’t the peacepipe……

  159. John…..you indemnified them…….that is an insurance policy…..a hold harmless agreement that protects you from harm caused by the title company…….It all goes back to the ORIGINATION…..
    http://en.m.wikipedia.org/wiki/Insurance

  160. A Little Off Subject, but I had to Share. Romney was just seen on FB wearing a White Huggy Jacket living in a Padded Room!! OMG! You Were Right Ivent! You Two are going to be Roomies! You Should Be Doing the Happy Dance! Is Your Ride There Yet? Or are You still Planning on Thumbing It?

  161. Why is the FDIC not sueing the title companies……? They were insured & indemnified…….by me…….to do their job… SMELLS LIKE COLLUSION……ISN’T COLLUSION CRIMINAL …..? LET’S CHECK THE FACTS SHALL WE…?
    CONSPIRACY (civil)
    http://en.wikipedia.org/wiki/Conspiracy_(civil)

  162. ivent – I haven’t looked at this issue for a couple years now, but last i did, and believe me I did, there is no fiduciary between a TC and anyone else. If you have case law which says what you said, I’d sure be interested in it.

  163. ENRAGED…..LETS BE CLEAR ABOUT WHAT WEALTH REDISTRIBUTION REALLY IS…….REDISTRIBUTION IS ROBBERY ……….AND IT ALREADY HAPPENED DURING THE 2008 STOCK MARKET CRASH……. THIS ROBBERY WAS ALL DONE UNDER THE OBAMA ADMINISTRATION….HE HAS SECRETLY HANDED TRILLIONS OF OUR WEALTH TO THE FEDSTERS……….OBAMA COMMITTED THE BIGGEST SWINDLE & TRANSFER OF WEALTH FROM MAINSTREET TO WALL STREET TO THE FEDSTERS IN U.S. HISTORY……..WHAT IS GOING ON RIGHT NOW IS A MASSIVE RE-SOCIALISM CAMPAIGN OF ALL OF THE FEDSTERS INSOLVENT CREDIT FRAUD……..THAT WILL CREATE COMPLETE COMMUNISM BECAUSE IT WILL BANKRUPT THE PEOPLE……OBAMA IS A RE-SOCIALIST…….A COMPLETE COMMUNIST & SO WAS BILL CLINTON……..BLACK IS WHITE & WHITE IS BLACK WITH THESE COMMIES……

  164. http://www.huffingtonpost.com/2012/04/09/elizabeth-magner-new-orleans-wells-fargo_n_1412412.html

    Did we know about this (april 2012)? Wells Fargo was ordered to pay a homeowner 3.1M for servicer misconduct for mishandling his payments and wracking up bogus fee after fee allegedly incurred as a result of the misapplication of his payments. E. Magner was the judge.

    “Only through litigation was this practice discovered,” Magner writes. “Wells Fargo admitted to the same practices for all other loans in bankruptcy or default.”

  165. The title company has a fiduciary duty to all parties to the transaction….now if the bank never paid the extra point to send the paralegals around to PERFECT THE LIEN……THEN THEY ARE BOTH TO BLAME……SC…….FORGERY DESTROYS ANY CHANCES FOR LEGAL STANDING…….I DID NOTHING WRONG OR ILLEGAL …..THE OWNERS POLICY PROTECTS MY TITLE FROM FRAUD ………ALL OF THIS FORGERY & FRAUD WAS DONE WITHOUT MY KNOWLEDGE…….THE TITLE COMPANY ……CHICAGO TITLE IS LIABLE HERE……NOT ME…..THE FDIC IS GOING AFTER THE WRONG PARTY. I TRIED TO HAVE MY CASE DISMISSED RIGHT AWAY BUT THE JUDGE WANTS A HEARING…..HE STATED CLEARLY THIS ENTIRE DISPUTE MAY VERY WELL BE BETWEEN THE BANKSTERS & THE TITLE COMPANY….

  166. How come every country arrests its crooked bankers… except us? Are we keeping the best for the end? 🙂

    http://www.cnbc.com/id/49658699

    Romania: 33 bankers and officials detained
    Published: Friday, 2 Nov 2012 | 11:47 AM ET

    BUCHAREST, Romania – Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million).

    The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian Development Bank, and the chairman of a state fund that offers banks guarantees in exchange for business loans.

    The officials have been suspended, pending an inquiry, and prosecutors have asked the Bucharest Court to rule later Friday that 32 of the detainees be held under arrest for one month.

    On Thursday, prosecutors raided about 50 homes and offices in Bucharest, Giurgiu and Calarasi in the case and questioned about 100 people.

    Anti-organized crime prosecutors say that from 2010 to 2012, two people organized a scam that involved bank employees. They allegedly managed to fraudulently obtain 40 bank loans for fictitious businesses from 16 branches of the Romanian Development Bank and Romania’s state-owned CEC savings bank that were underwritten by the state fund for small- and medium-sized businesses.

    Hungarian bank OTP; the Turkish banks Eximbank and Garanti Bank; Austria’s Raiffeisen Bank; Greece’s Piraeus Bank, and Millennium Bank from Portugal also were targeted by the scam, but it was not clear whether they gave out loans.

    Corruption is widespread in Romania, one of the poorest countries in the European Union. In recent days, authorities began to prosecute state railway employees who routinely pocketed money from fare dodgers without issuing tickets.

  167. I was wondering where Abigail Field had gone. She’s back, thank God! And tougher than before.

    The Revolving Door Spins, the “Consumer” Bureau’s Mortgage Servicing Rules Stink

    By Abigail Caplovitz Field | October 24, 2012

    The latest example of bankers running our country is the weak mortgage servicing standards proposed by the Consumer Bureau.

    Revolving Door Smacks Consumers Around

    Hmmm… how come the rules are so bad, given mortgage servicers’ rampant fraud, predatory servicing and gross incompetence, all of which has been well documented by law enforcement (albeit not effectively prosecuted)?

    I have no inside scoop. But here’s someone who does: Leonard Chanin. He supervised all of the Consumer Bureau’s rule makings as its “Assistant Director for Regulations.” Guess what? Last month he left the Consumer Bureau to join Morrison & Forrester.

    MoFo describes itself on its website as

    “one of the leading banking and financial services law firms in the world, advising domestic and foreign banks, insurance companies, credit card companies, mortgage bankers, investment banks, investment management companies and investment advisers, and other financial institutions on regulatory and litigation, as well as transactional, matters.”

    Mofo further explains:

    “It is fair to say that we have played an important role in shaping the evolution of financial services law in the United States. We have been involved in every federal legislative and regulatory initiative involving or affecting banking over the past 30 years, including proposals addressing bank powers, the regulation of consumer lending, fair lending, mortgage lending reform, privacy and information sharing, electronic fund transfers and other payment systems, capital requirements, and other matters affecting the banking industry.”

    Mr. Chanin’s switch from ostensible consumer protector to MoFo partner is not surprising; it’s a homecoming. He went from ‘of counsel’ in MoFo’s lobby shop (the D.C. office) to bank regulator at the Fed to banking industry rule writer at the Consumer Bureau to MoFo partner. According to American Banker, Chanin was an Elizabeth Warren pick. Really? Warren couldn’t find someone with a consumer advocate pedigree to be top rule writer for consumers? Or is American Banker wrong?

    I mean, American Banker quotes a banking industry lobbyist saying this about Chanin:

    “There was a level of comfort the banking industry had with Leonard, because they dealt with him for many years during his tenure at the Fed… I think this would be a setback for the CFPB because they’re right in the midst of an avalanche of mortgage lending regulations.”

    I don’t know that Chanin’s typical. A different top Consumer Bureau lawyer left at almost the same through what sounds like a very different door. Deepak Gupta, “the CFPB’s former senior enforcement counsel [ ] left to start a consumer advocacy law firm” according to the same American Banker report.

    Regardless of Chanin’s typicality, I note that a month before its top rule maker departed for partner pay at the banks’ big lobby shop, the Consumer Bureau proposed mortgage servicing standards that are weaker than the enforcement fraud mortgage settlement. Hmmm…

    I can’t prove a quid pro quo; I have no inside information. I’m just pointing out the public record.

    You decide what it means.

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    Dear Readers: I am Back

    By Abigail Caplovitz Field | October 24, 2012
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    Dear Readers:

    I am back.

    Not as frequently as before; I’m aiming for once a week.

    A bigger change: I’m going to talk about far more topics.

    Yes, I’m still going to write about our housing, foreclosure and fraud crises. I’ll point out how the biggest banks—the biggest bankers– routinely demonstrate their sovereign-level power, codifying their policy preferences in law and regulation, shaping enforcement priorities and influencing enforcers.

    But I’m also going to talk about our tax insanity and the related shredding of our social contract, and how we’re destroying our planet in the most wasteful ways possible.

    I’m going to discuss how America has become a feudal nation, run by oligarchs-cum-aristocrats and run on the labor of debt slaves. The Land of Opportunity has become Sharecropper Nation.

    Most of all I’m going to focus on exposing the propaganda that works to control us all, to keep us in our place, keep us participating in the status quo.

    First up will be a key piece of propaganda, the idea that the redistribution of wealth is bad, so much so it’s taboo, to be rejected instinctively without discussion. That’s an amazing feat of social engineering that empowers the greedy and ignores our needy.

    But before focusing on the social control propaganda, let’s pay attention to our status quo. Really look at what our nation has become.

    Over the past forty years or so American businesses stopped paying living wages so their executives could siphon even more of the company’s earnings for themselves. Even worse, executives fattened their paychecks by raiding worker pensions.

    This economic destabilization was softened by the advent of large scale, revolving consumer credit and ever looser lending standards. Because today’s wages just don’t pay the bills, we lease our standard of living. For so long as we can service the debt.

    When we get hurt, sick, divorced or laid off, when our income becomes unexpectedly slashed below debt-servicing levels, our Government denies us meaningful relief in bankruptcy. This rejection comes in a nation whose founders understood debt and financial crisis so well they included bankruptcy protection in our Constitution.

    Sure, people can get some help by going bankrupt, but those twin, enormous pillars of debt supporting the American Dream—the home mortgage and student loans—cannot be restructured in bankruptcy. Think about that.

    Home mortgages and student loans are socially beneficial debts. Homeownership traditionally stabilizes communities, builds wealth, and provides retirement security. A college education is supposed to provide the skills of today and tomorrow’s economy, making our country more prosperous. We, the People, America, want people to take these debts on. It’s good for everybody.

    More precisely, home financing is good for everybody only if appraisals are honest, underwriting standards are pre-securitization conservative, loan terms aren’t predatory, the documentation of all kinds is not fraudulent, and the securities aren’t rated deceptively or sold fraudulently. Of course, all those conditions were violated during our last bubble and bust. Similarly using student loans is good for everybody only if the degree delivers good job opportunities, enabling the graduate to work off her debt. Again, that’s not what’s going on.

    Our bankruptcy code’s ‘no restructuring for you!’ treatment of debtors with these loans is punitive and wrong. Brutally punitive and breathtakingly wrong, given the size of those debts, the social utility of these loans when done right, and the injustice of enforcing their terms when done wrong.

    ’Our’ government’s policy choice is even more vividly unjust when you remember corporations in bankruptcy can restructure wage and retirement promises to their workforce, and consumers can restructure mortgages on vacation houses and investment properties, and among other luxurious debts.

    Our bankruptcy code is a moral document drafted in our name. Everything about bankruptcy, other than the Constitutionality of the federal bankruptcy system and the Bankruptcy Clause’s power to trump the Contract Clause, is the considered judgment of Congress and the President.

    Yes, of course, corporate lobbyists wrote much of the current version of the law, but Congress agreed to it (with President Obama’s help), making the lobbyists’ wishes our law.

    Let’s shift from our unjust bankruptcy code to another offensive aspect of our status quo:

    A hedge fund guy “earning” a billion bucks in a single year ($1,000,000,000/yr) pays 15% tax (or less) on all his income. This year you and I start losing 25% of our paychecks when we earn our 35,351st dollar.

    The billionaire hedge pays our treasury only a nickel and dime of every dollar he wins off his bets but teachers, firefighters, police officers, soldiers, postal workers and other genuine servants of the public interest start kicking in a quarter from every dollar when they finally earn as much as the hedgie did in 19 minutes.

    (19 minutes using income of $1 bil/year; at $1 million/year it’s 13 days before the hedgie racks up $35,351.)

    The hedgie’s non-cash contribution to society is virtually zero; the public employees’ work makes society function. And yet he’s taxed as if he were the greatest gift our country ever knew. Must be that the hedgie’s lobbyist is the greatest gift Congress ever knew.

    The moral corruption of the decision to tax the earns-a-billion-in-a-single-year gambler so little is clearest when you remember this:

    When that hedgie earned a billion dollars in a single year, he already had functionally unlimited purchasing power. It’s not just that he doesn’t need the money; it’s worse. He doesn’t benefit (other than ego gratification) by making more.

    Our tax code lets people with unlimited purchasing power nickel and dime America. But those of us who know what it is to live paycheck to paycheck, who budget, who defer desires, we all have to kick in a quarter or more long before our income equals economic security, much less unlimited purchasing power. All because we’re foolish enough to work for a living, while the hedgie types ‘invest.’

    Feel how wrong that is.

    I respect the charity of people like Bill Gates and Warren Buffett. But the tax code, like bankruptcy code, is a moral document, and their charity does not redeem it.

    Even so a sane tax code is not possible while our political conversation treats redistributing wealth as a taboo topic.

    So next week I’m going to focus in how crazy our politics of wealth redistribution is. Be well until then, and question everything.

  168. CARIE IS CONFUSING BEING A HYPOCRITE WITH GIVING AN HONEST DESCRIPTION……..YOU THINK I DON’T KNOW WHO HER BOSS IS….? I TELL IT LIKE IT IS & IF THAT HONESTY OFFENDS YOU……..YOU HAVE ANOTHER AGENDA…..If she was white & she lied to me …I would have said she was white & lied to me….I call Romney the WHITE RICH GUY…….people call Hispanics Arabs & latinos by their race all of the time….THAT IS A DESCRIPTION…..NOTHING MORE….

  169. SC – have at it! Plus, explain your last comment about notice, please.

    “where the plaintiff has alleged sufficient facts to suggest that the defendant had superior knowledge that was exclusively in the possession of the defendant, and there are issues of fact as to the level of disparity of information that was available to the parties, courts have declined to dismiss fraud causes of action at the pleading stage (see Swersky, 219 AD2d at 321, 327-328

  170. I never wanted their money or their promises …. I wanted their Hides! Does that make me Greedy?

  171. Guess What Happens if they are put on Notice before filing Legal Action against you? Outside the Scope of the Settlement ……

  172. To state a legally cognizable claim of fraudulent misrepresentation, the complaint must allege that the defendant made a material misrepresentation of fact; that the misrepresentation was made intentionally in order to defraud or mislead the plaintiff
    —————————————————————————————-

    My Favorite Part …. Except Relplace the Last Word with Court..

  173. Gives JG 9 Stars .. ********* The Ending needs touched up just a bit. 🙂

  174. “Defendants argue that all of the fraud causes of action must be dismissed as the defendants did not owe a fiduciary duty to the plaintiff and the plaintiff was not entitled to rely on any misrepresentation or omission by the defendants…………… Plaintiff argues that the complaint sufficiently alleges causes of action for fraud and that, pursuant to the “special facts doctrine,” there is a duty to disclose, even where there is no fiduciary duty, “where one party’s superior knowledge of essential facts render a transaction without disclosure inherently unfair.”
    “To state a legally cognizable claim of fraudulent misrepresentation, the complaint must allege that the defendant made a material misrepresentation of fact; that the misrepresentation was made intentionally in order to defraud or mislead the plaintiff; that the [*8]plaintiff reasonably relied on the misrepresentation; and that the plaintiff suffered damage as a result of its reliance on the defendant’s misrepresentation. A cause of action for fraudulent concealment requires, in addition to the four foregoing elements, an allegation that the defendant had a duty to disclose material information and that it failed to do so” (P.T. Bank Cent. Asia v ABN AMRO Bank N.V., 301 AD2d 373, 376 [1st Dept 2003], citing Swersky v Dreyer & Traub, 219 AD2d 321, 326 [2d Dept 2009]; see Barrett v Freifeld, 64 AD3d 736, 738 [2d Dept 2009] (holding, “[s]ince the fraud claim here is based on an omission or concealment of material fact, the plaintiff must also allege that [the defendant] had a duty to disclose material information and failed to do so”)).

    “Even in the absence of a fiduciary relationship, a duty to disclose may arise when one party’s superior knowledge of essential facts renders nondisclosure inherently unfair (Barrett, 64 AD3d at 738, citing Swersky, 219 AD2d at 327; see P.T. Bank, 301 AD2d at 378).

    jg; banksters often argue they had no 1) fiduciary and or) they had no duty to disclose material information.

    The “[special facts] doctrine requires satisfaction of a two-prong test: that the material fact was information peculiarly within [the] knowledge’ of [the defendants], and that the information was not such that could have been discovered by [the plaintiff] through the exercise of ordinary intelligence'” (Jana L. v W. 129th St. Realty Corp., 22 AD3d 274, 278 [1st Dept 2005], citing Schumaker v Mather, 133 NY 590, 596 [1892]).”

    jg; this probably has a lot of application, but i see it as useful against the dot. “Fraudulent concealment” – no one was told that for 20 or 25.00 to MERS, anyone could claim an interest in one’s dot nor that while the borrower was induced to agree “MERS” could do this and that, MERS is nothing but a computer program and would never in fact do the act(s) for which agreement was induced – someone else would and would for a 20 or 25.00 payment to MERSCorp’s coffers.
    Caution: according to these cases, one has to allege (if not demonstrate) one was damaged by the concealment or misrepresentation. Shouldn’t be too hard. Lay opinion(s).

  175. @Ivent
    You are a complete hypocrite if you think it’s important to state the race of someone with whom you are speaking to on the phone…why would you feel the need to say it unless you are racist? Sad.

  176. Lets try this ….. Tic..Toc..Tic..Toc..Tic..Toc……… The Answer has Always been right in front of your face (and I’m not talking about the bottle). But You Refuse To See It. Denial and Prayer for a Free Ride does not cut mustard in the Real World. Tic..Toc…

  177. THE TRUTH IS…..THE FEDERAL RESERVE BOARD UNDER ALAN GREENSPAN ARE RESPONSIBLE FOR DEREGULATING THE BANKS & GREENSPAN IS A CLOSET NEW PARTY DEMOCRAT……..A WOLF IN SHEEPS CLOTHING…
    READ ABOUT IT HERE…..HOW THE DEMOCRATS CREATED THE FINANCIAL CRISIS….
    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0

  178. Don’t yada…yada b.s me…….sc…….the RULE OF LAW is THE RULE OF LAW………the only way they can fraudulently induce that fraud is if they fraudulently induce another fraudulent contract & make you sign a waiver releasing them from their crimes…WARNING…….DON’T SIGN OR AGREE TO ANYTHING..

  179. BSE…..WHO CAUSED THE ECONOMIC CRISIS……?
    http://www.factcheck.org/2008/10/who-caused-the-economic-crisis/

  180. Yada…Yada..Yada…Yada …. How is Something Covered Under the Settlement going to Help your Cash Flow Problems?

  181. Looks like its time the People of the State of Illinois make a change of their own & they vote these lying NEW PARTY Democrats out.

  182. So in other words…….when some black woman from the Illinois State AGs office told me over the phone….”There is fraud in every mortgage but, you signed that contract” that was not only spiteful but, it was criminal by deceit…….

  183. That means “false making” is the crime of “forgery” & IS A FELONY…….NO MATTER WHAT……not in spite of the fact that person signs and executes the instrument in his own name…..

  184. Click here to see which the group of S.O.B.s molested your finances and kicked you to the curb.

    http://www.govtrack.us/congress/votes/106-1999/s105

  185. No need to waste your time trying to debunk me sc…..The facts don’t lie……Changing or altering a mortgage after execution without authority constitutes forgery. (People -V- Cotton, 1911) & A person may be guilty of “false making” of an instrument within meaning of common law definition of “forgery” where the instrument is false in any material part, and calculated to induce another to give credit to its general and authentic, not withstanding fact that a person signs and executes instrument in his own name (People v Mau, 1941)

  186. Click here ot see which the group of S.O.B.s who molested your finances and kicked you to the curb.

    http://www.govtrack.us/congress/votes/106-1999/s105

  187. The great deceivers blocked the link….just google the words……WAS WALTER LIPPMAN WHO COINED THE PHRASE ORDER OUT OF CHAOS……..scroll down to the 4th link WALTER LIPPMAN – NEW WORLD ENCYCLOPEDIA …….

  188. ORDER OUT OF CHAOS IS A COMMIE DEMOCRATIC STRATEGY…….IT IS THE LAW OF THE JUNGLE…& FORTUNATELY…NOT THE LAW OF THIS LAND…. READ ALL ABOUT THE PLANNERS METHOD TO CREATE ORDER OUT OF CHAOS….MEET WALTER LIPPMAN……
    http://www.newworldencyclopedia.org/entry/Walter_Lippman

  189. Let me Spell this out for you … It has NOTHING to Do With Your Situation! Notta! Nuttin! Majic Fairy Dust Can Not Help You! You were a Bad Girl and Got Greedy. You Got Axed. Did You Get Taxed? I’m Confused? Oh Well they are Insured, the Preservation Guys…I mean. See Ya! Wouldnt Want to Be Ya! … See My Finger? … See Your Thumb? You should have Listend, Played By the Axes and Played Nice. Yep! Your A Loser! LOSER with a Capital L…….

  190. Therefore, I have full faith & confidence the RULE OF LAW WILL BE UPHELD….HOWEVER…….IT APPEARS SC IS OF LITTLE FAITH……

  191. What are you talking about shadowcat…? Forgery is a felony in EVERY STATE & I NEVER SIGNED OR AGREED to ANYONE COMMITTING FRAUD & FORGERY WITH MY SIGNATURE…….NOW IF YOU ARE TELLING ME THAT FRAUD & FORGERY ARE NOW LEGAL……THAN THAT WILL BE ANARCHY IN THIS COUNTRY ……..AND NO ONE IN THEIR RIGHT MIND WANTS THAT …. CERTAINLY NOT THE RICH WHITE CONSERVATIVE ROCKEFELLER REPUBLICANS……IT WILL INTERFERE WITH THEIR GOLF GAMES TO MUCH…& ITS JUST NOT THEIR STYLE…..

  192. @Shelly, was MERS assigning the Mortgage Only or the Note and Mortgage Together?

  193. Soooo… Ivent, The Majic Question is …… Is that covered under the Settlement and were they given Immunity? HMMM Are you Trying trick people into Joining You in the Fog? How does that Help You? HMMM… Questions .. so Many Questions.

  194. You can also do a google search ……. uttering forged and counterfeit instruments _name of your state_

  195. http://www.youtube.com/watch?feature=player_embedded&v=a6AnHt0TIeU#!

    A law professor and lawyer just emailed me a copy of a MERS assignment, dated October 2, 2012 assigning the mortgage as beneficiary over to another obvious fraud on county records in Washington State, when MERS was deemed unlawful and not a benificairy and all assignments by MERS are fraud, proving MERS is continuing to knowingly commit fraud to date by this very assignment. Defying the WA Supreme Court justices order Bains V MERS En Banc order. Not to mention JudgeDixon in Thurston County told an attorney friend of mine The Bains case was not significant in his court room therefore she would not bend his ear by siting the Bains case.

  196. If the download fails John, which appears to be the case….it is from West’s Smith-Hurd Illinois Statutes Annotated Currentness Chapter 720. Criminal Offenses Act 5. Title III. SPECIFIC OFFENSES +Part C Offenses Directed Against Property Article 17 Deception 5/17-3 Forgery.

  197. ivent, the case about ends you ref’d looks very interesting. Got a link?
    got any more?

  198. FYI……The general rule is that where authority is given to one to fill in blanks in an instrument, a filling in of blanks other than as authorized constitutes “forgery” where the other elements of forgery are present. (People v. Kubanek, 1939, 19 N.E. 2d 573, 370 Ill. 646. Forgery k 9).

  199. Enraged……you wish you could bring me down to your level….but you can’t. That is why you talk to yourself.

  200. HUMBLE FLOWER COULD BE SMART BOMB CURE FOR ALL CANCERS….
    http://www.herald.ie/news/humble-flower-that-could-be-smart-bomb-cure-for-all-cancers-2873954.html

  201. dcb or anyone, what do you make of this:

    “If an instrument is payable to a fund or organization that is not a legal entity, the instrument is payable to a representative of the members of the fund or organization.” (I wonder if this is a change to the UCC in the last, say, 10 years.) At the last post, I asked you what you thought was the status of a named secn trustee when there’s factually no trust and what there is is a business association. As to this UCC
    provision, think that trustee is a rep nonetheless?
    But this prov of the UCC provides for a pretty good trick, looks like. If no legal entity, there’s avoidance of registration in the state where enf is sought. (Get by on a DBA? Maybe for ONE note but not ordinary course – likely 4 or more)
    Also, as to an entity claiming to be a corp in a state where it has no structure / registration (which probably describes a ton of brokers in the madness years), this seems to support my argument that the note is payable not to a “corp”., but to one or more individuals. This UCC prov says such a note is payable to a rep of the individuals who actually made the loan. It follows to me, as I said, that a corp end** on such a note would be worthless. Maybe I’ll yet come accross that one.

    **Pay to the order of

    _______________________ this line blank or filled in
    ABC Broker Corporation

    by ______________
    Harry Houdini, its president
    There’s no abc broker corporation, so in my strictly lay opinion, I say there’s no end unless and until i find differently.

    I’ll eat my hat if a good number of loans weren’t made by out of state businesses who failed to qualify to do business in the subject state.
    Anyone can check the SOS in his state to find out.

  202. “Never argue with an idiot; he will bring you down to his level and win from experience.”
    ― Brad Slipiec

  203. Maybe so ENRAGED………if the parallel universe is the truth…….however…..I don’t need to talk behind your back…..I can say it right to your face …… YOU ARE A LIAR….

  204. The lies are going to get a good roundhouse kick from the truth. It’s coming…..

  205. SC,

    Just wasted a few minutes of my life reading a few pages of this site. Minutes i will never, ever get back but i realized something. The poor thing lives in a parallel universe. Some kind of a deaf-blind world where everything is happening around her and she can’t grasp the reality of it.

    Some people talk, talk, talk. The poor thing writes, writes, writes but she is so completely irrelevant to any of it and any of us that… well, it’s really a parallel universe. Surreal, in a way. She won’t even realize it when she croaks. Because her dimension is so far out there that we don’t exist anyway. Let’s just decide to let her be. Useless, harmless, brainless. Pretty soon, she’ll be houseless as well. A whole different species altogether…

  206. You demons will ALL, one day very soon, be put out of your misery by the God honest truth….all of the lies and the sins of the past will be washed away. I have something none of you losers have…..I have faith that God has a plan…..it is called God’s infinite wisdom & NO ONE & I MEAN NO ONE ELSE HAS THAT…..

  207. As usual, beware what you sign. If it’s with a bank, it always has the potential to come back and… bite you in the behind. And if can, it will… (Murphy’s law)

    http://news.firedoglake.com/2012/10/28/the-banks-devise-a-new-deal-for-homeowners-token-relief-for-liability-waivers/

    The Banks Devise a New Deal for Homeowners: Token Relief for Liability Waivers
    By: David Dayen Sunday October 28, 2012 2:58 pm

    TweetTweet5
    digg stumbleupon

    The failings of the 49-state foreclosure fraud settlement have by now become so obvious that even traditional media cannot ignore it. When half of the $2.5 billion earmarked as a hard-dollar penalty to states for aid and relief for struggling homeowners just gets sucked up into filling state budget holes, you can hardly make any excuses. And the other 90% of the settlement isn’t exactly destined to flow into the hands of homeowners, either; as we know, banks will probably honor up to 1/4 of their “penalty” by doing things they already do as a routine part of their business.

    There’s another potential element to this that we’re already starting to see. In relation to a resolution outside the settlement, Wells Fargo has been sending along refund checks to homeowners who overpaid for loans that the bank steered them into. Just one thing, though: the refund checks, if cashed, serve as a legal claim of liability release.

    The unsolicited offers of thousands of dollars arrived with a catch — if the borrowers cash the checks, they can’t later sue the No. 1 U.S. home lender. The San Francisco bank said in the letters that borrowers were put into more expensive loans when they could have qualified for cheaper ones […]

    Wells Fargo’s mailed refunds involve government-backed FHA mortgages made from 2009 through 2011. These loans are often made to borrowers with shaky credit or those who can’t come up with the 20% down payments required for conventional loans […]

    “You should understand that by cashing the enclosed check, you agree to release Wells Fargo … from any and all claims relating to Wells Fargo’s origination of a more expensive mortgage loan than the loan for which you may have qualified,” a bold-faced paragraph read.

    I guarantee you’re going to see the banks try this with respect to their other settlements. They will give principal relief or a cash offer in exchange for a liability waiver. And that private right of action that was allegedly preserved in the settlements (a dubious claim anyway, considering the expense of mounting a suit of that type) will melt away again.

    Keep an eye on this in the coming months.

  208. A Pleasure Enraged .. @Insolvent….About your Situation…..YOU ALREADY LOST! …DEAD IN THE WATER! WHAT YOU ARE EXPERIENCING IS THE NORMAL REACTION OF .. “OUT OF BODY EXPERIENCES” JUST BEFORE YOU FADE OUT! Dont let the Gurggling sound Scare Ya on your way Down …. May God Have Mercy on Your Soul.

  209. Could somebody put that poor thing out of misery? Our misery? Please…?

  210. Knowing the truth is becoming popular.

  211. JG… Who is the Individual Affirming the Docs and Filing them Court and CRO? UT OH …. On Notice? Will You Participate? Think Not!

  212. The revolution started the day the first American refused to conform, comply & cooperate with fraud.

  213. Spreading like wirldfire! 2 known cases being affected by Schwartzwald (Deutsche Bank v. Slayton and Washington Mutual v. Wallace) and people filing left and right motions to vacate previous foreclosure judgments.

    Maybe Ohio is where it the revolution will start after all…

    http://www.msfraud.org/

    Ohio Foreclosure Victims: Re-Open your Foreclosure case!
    “Every court order based on a defective complaint is void ab initio (from the beginning). Thus it would seem there could be tens, if not hundreds of thousands of void foreclosure judgments in the State of Ohio. This would be true even in those cases where the subject property was sold, and the case concluded years ago.”

    Motion to Vacate Filed within Hours
    of Ohio Supreme Court’s Schwartzwald Decision
    “As a result, the Court’s August 26, 2010 entry granting Plaintiffs motion for summary judgment and issuing a decree of foreclosure should be void ab initio (as opposed to voidable).
    Accordingly, based upon the foregoing, Defendant respectfully requests that the August 26,2010 entry be vacated and this matter otherwise dismissed.”

    The case to WATCH now is WAMU v. Wallace
    The Ohio Supreme Court determined that a conflict exists and the WAMU case is held for the decision in Federal Home Loan Mortgage Corp. v. Duane Schwartzwald et al.; briefing is stayed

  214. They are well practiced at the art of deception …….. they will misrepresent themselves at the ORIGINATION everytime. That is how you will know them.

  215. They are crafty liars John..

  216. Some pretend to be liars…….some are liars. Can they look you in the eyes & tell you they are not a liar…..? That’s the question..

  217. “Corporate felony comes with financial penalties but not jail time, since a corporation can’t be sent to prison” (why not? need to change that sucker so they’re all sent to prison) But, apparently, that’s the law as it sits right now. I guess we do learn something new every day. There must be more to it or every individual criminal in a corp could hide behind “corporate felony” to escape charges. This alleged fact comes from an article regarding the gov’t’s Medicaid fraud claims against “Columbia and HCA” in 2000 and 2002. In the 2000 action, Col / HCA pled guilty to 14 criminal felonies and were made to pay 840M in penalties. In 2002, they were made to pay 881M, for a total of 1.7B. I’m going to make a guess the Medicaid fraud numbers paled in comparision to the banksters, so 25B (if that actually even gets
    paid out) yet seems rather ‘generous’. But what’s even more irksome is that the behavior complained of, and worse, remains, starting with
    instruments which purport to convey real property (our most precious assets) interests being done in MERS’ name for a fee of $25.00 based on the factual equivalent of nothing.

  218. Gods plan is encoded in our DNA….. that is what they are trying to destroy……God will never allow them to succeed. Many have tried & failed.

  219. Grace was never really gone………..she was hidden….now that’s amazing…

  220. Why sc…..do you want to have a face to face meeting….? Unless you reveal exactly who you are ……and I have a feeling I already know…..I can’t tell you that. If you are who I think you are ….. we have made direct eye contact …I think you are the entity the judge called a liar in court….but in truth you are not….

  221. Just in case someone needs more convincing re. geoengineering and weather manipulation…here’s a video that shows MASSIVE CHEM DUMPS dropped into the clouds to create the magnitude of Hurricane Sandy…

  222. What do you See whey you look into my Eyes Ivent?

  223. I see the truth being revealed about Obama in his eyes. That is where he can’t hide or cover up his lawlessness… Some believe you can see someones soul in their eyes. That is why I don’t trust anyone who can’t look me in the eye when they are talking to me. Grandma always told me that tells the tale about who they really are.

  224. This is why Shiller & America are in reality in the shitter & the evil doers can’t wait to pull the chain & flush…they call it moving forward…….I call it what it is…… a very deceptive & evil way to cover up for massive FRAUD & FORGERY……..That’s why I am voting to RESTORE THE RULE OF LAW & I AM VOTING ROMNEY…..I know the truth is America has never had an economy this horrible under a Republican president. 1600 banksters went to prison for the S&L CRISIS UNDER THE REPUBLICANS……ZERO WENT TO PRISON FOR THE BIGGEST FRAUD & FORGERY SCANDAL IN U.S. HISTORY UNDER THE OBAMA ADMINISTRATION………& THAT IS WHY THIS ECONOMY STINKS TO HIGH HEAVEN & THAT’S ALL I NEED TO KNOW…

  225. These crooks have destroyed the RULE OF LAW through fraudulent & forged religious beliefs & many other frauds that in reality obscure & destroy GODS LAWS….these so called religious leaders & political leaders are in reality IMPOSTERS…….WHO VERY DECEPTIVELY OBSTRUCT JUSTICE FOR MANKIND…..WELCOME TO THE OBAMATORIUM…..

  226. Nah carie…….that’s a false religion…….what I mean by updated religion is RESTORING THE RULE OF LAW……WHICH IS GODS LAW…….FRAUD & FORGERY PUT US HERE……THATS WHY I AM VOTING ROMNEY….

  227. @Ivent—-you said: “…all religions were never updated or modernized…”

    Actually, they have been, and at their core they all agree…it’s called Progressive Revelation:
    see baha’i’.org

  228. THE TRUTH IS…..FRAUD & FORGERY ARE THE REAL CULPRITS HERE…..RESTORE THE RULE OF LAW IN AMERICA & VOTE ROMNEY…….

  229. Have you ever put a Snake on Notice? You Should Try It! They are soooooo Much Easier to Catch that Way! Yep! Yep!

  230. Crime Does Not Pay the 2nd …. No Exclusions…. On Notice … Ut Oh!

  231. Put on Notice after 1st Act and Prior to 2nd Act… What 2nd Act? Soooo Many Loopholes! So Confusing!

  232. DC NSA Notary Signing Agents….
    Put on Advance Notice Prior to the Comission of the Act…
    *Splat*

  233. THE TRUTH IS……FRAUD & FORGERY LEFT UNCORRECTED IS A SERIAL KILLER THAT DESTROYS EVERYTHING & EVERY AMERICAN…..FRAUD & FORGERY DESTROYS FREEDOM…..!

  234. ELECTRONIC FRAU-D SC……ITS WHATS FOR DINNER…….BREAKFAST & LUNCH……WELCOME TO THE JUNGLE IT GETS WORSE HERE EVERYDAY…

  235. @Ivent… RE: CNN HEADLINE……. “U.S. ELIMINATES COMMON LAW” ……
    WOW! No Way! Thats Illegal! When Will this Stop?
    *Snorts*

  236. WELCOME TO……THE OBAMATORIUM…….!

  237. One things for sure, LOOK AT HISTORY, we have NEVER had an economy like this under the REPUBLICANS…..

  238. CNN HEADLINE……. U.S. ELIMINATES COMMON LAW……. TIME TO STOP COOPERATING, COMPLYING & CONFORMING AMERICA… THEIR NOT. They broke every law & legal contract imaginable. CNN REPORTING that the KARINA FOR WHITE PEOPLE that is going on in NY will prevent voting for some victims. My suggestion…..move the date of the elections until EVERY AMERICAN CITIZEN CAN EXERCISE THEIR LEGAL RIGHT TO VOTE………

  239. The way I see it master servicer is like this. All of these cases should be dismissed with prejudice for FRAUD & FORGERY…….CLEAR TITLE & MONETARY COMPENSATION FOR ALL …..INCLUDING THOSE MOST HARMED……THOSE WHO WERE ALREADY FRAUDCLOSED ON. The U.S. TREASURY SHOULD TAKE THE MONEY PRINTING MACHINE & OUR MONEY BACK FROM THE FEDSTERS BECAUSE THEY CAUSED THIS…..AND GIVE US BACK OUR HIJACKED COUNTRY……AND A BIG FAT CHECK FOR ALL OF THE USURY THEY POCKETED & THE ORIGINATION FRAUD……& ISSUE OUR OWN CURRENCY VIA STATE BANKS…..ELIMINATING THE FEDSTERS & ALL OF THEIR CRIMINAL BULLSHIT FOR GOOD……

  240. I agree Neidermeyer. Insurance money incentives a lot of stuff. How else can you explain the fact they are still fraudclosing like a bunch of crazed rag sheenies…& 9/11 of course…..? This could be why the Catholic Church and all religions were never updated or modernized. They keep their flock dumbed down & living in ancient times. That makes all of their evil plans possible. I think if Jesus were to come back today, he would not be politically correct or follow their doctrines. In fact, I think he would be furious just like all of us & he would have a few choice words for them and a very modern day punishment that suits their crimes against him and all of his creations. He would update their wardrobe in a hurry.

  241. Sandy will send many New Yawhkah’s to Florida with fat insurance checks… other than that there is no organic growth in housing ,, incomes are still down.

  242. FDCPA is intended to enforce claims by entry of judgment ….Uniform instrument no one is talking about…combo loans over collateralize the securities offering NO LOANS EVER EXCEEDED 80 LTV -on paper, No Assignments under a general assignment , rating agencies prohibit non reimbursable payments, No Servicing Allowed in a registration, Tender and liquidation are opposed to one another, to Bifurcate is legal in a hypothecation, collateral is the depositors account, each time deposit is insured and held entrust – get it? MBS and ABS are the two notes – more.

    Registerclaims@live.com ,

  243. District Court Requirments and Jurisdiction

    § 1343. Civil rights and elective franchise
    (a) The district courts shall have original jurisdictionof any civil action authorized by law to be commenced by any person:
    (1) To recover damages for injury to his personor property, or because of the deprivation
    of any right or privilege of a citizen of the
    United States, by any act done in furtherance
    of any conspiracy mentioned in section 1985 of
    Title 42;
    (2) To recover damages from any person who
    fails to prevent or to aid in preventing any
    wrongs mentioned in section 1985 of Title 42
    which he had knowledge were about to occur
    and power to prevent;

  244. Sure they want to make us absolutely furious with all of their arrogance, lies deceit, fraud & lawlessness. That is what anarchists do. If they can’t incite violence to rob you of all your freedom, they will manufacture it. The hidden hand is hard at work right now trying to get it’s evil way. The real truth about the main objective is hidden from most …..no one has the cahones in the MSM to call Obama & his minions & cohorts COMMUNISTS…They are NOT TRYING TO CREATE SOCIALISM….THAT ALREADY HAPPENED LONG AGO….THEY ARE RE-SOCIALISTS……COMMUNISTS WHO WANT TO FRAUDULENTLY INDUCE COMPLETE COMMUNISM…….THEY CALL IT RE- DISTRIBUTION …NO ……THAT COUP DE TAT OF OUR WEALTH ALREADY HAPPENED IN THE MANUFACTURED 2008 CRASH…..THAT WAS THE BIGGEST TRANSFER OF WEALTH FROM MAINSTREET TO THE FED INVESTORS HOLDING BANKS OVERSEAS IN U.S. HISTORY. WHAT THIS REALLY IS ALL ABOUT IS RE-SOCIALISM OF THE FEDS INSOLVENT DEBT CREATED BY THE WALL STREET RACKETEERS……..THE MONEY CHANGERS FOR THE FEDSTERS…….WHAT THAT WILL CREATE IS COMPLETE COMMUNISM…THEY ARE SLOWLY TURNING ALL OF OUR INCOME INTO A TAX……UNDER MANY GUISES LIKE THE MORTGAGES….THE UTILITIES……THE GASOLINE……. FOOD…..CAR PAYMENTS……PROPERTY TAXES……..EVERYTHING WE ALREADY PAY FOR BY TAXATION IS RE TAXED & REPURCHASED, RESOLD & RE TRADED….AND THE ORIGINAL MONEY THAT IS BORROWED VIA THE FED IS NEVER PAID BACK TO THE TREASURY…….ALL PAYMENTS ARE POCKETED AS USURY BY THE FED FOR THE BENEFIT OF THE FEDSTERS…….THAT RE SOCIALISM WILL BANKRUPT THE PEOPLE…THAT……ALONG WITH OBAMACARE WILL CAUSE COMPLETE COMMUNISM….I WAS LISTENING TO A MICHAEL SAVAGE PODCAST …HE IS NO LONGER ON THE AIR IN CHICAGO. HE KEEPS CALLING THIS SOCIALISM …….. NO DR. SAVAGE…..YOU ARE MISLEADING THE PUBLIC AS WELL…..THIS IS RE SOCIALISM ……TO CREATE COMPLETE COMMUNISM…..WHAT A BUNCH OF STINKING COWARDS THEY ALL ARE……!

  245. Re. video:

    Can’t grow crops with all that aluminum in the ground…so they made their own seeds that are “aluminum resistant”…patent granted Sept. 2009…assigned to US Dept. of Agriculture…”…now you have no choice but to buy your seeds from us…”

    Which company is going to come up with a “wonder pill” that guarantees to flush your body of all the toxic aluminum… (that they put there in the first place).

    Hegelian Dialectic:

    Problem

    Reaction

    Solution

  246. I’m at a Loss for Words …. 🙁

  247. They’ve been spraying that S**t for 25 years. Go back to the movie “Rain man”. In the scene where Cruise teaches Hoffman to play cards in the Nevada desert, the sky is literally covered with chemtrails. That movie came out in 1988. I first wrote about them in 2004 and people called me a lunatic. All they had to do was look up but… no! CA sky was constantly bombarded with them. I remember Fresno, Bakersfied, Santa Rose and Napa Valley, the entire Silicon Valley loaded with chemtrails as early as 6:oo am pretty much all summer long. By 10:00, the entire sky was covered with haze and people kept talking about “the smog”. Smog my foot! Going on balloon rides wasn’t even funny anymore: after an hour, our eyes burnt and everyone was coughing.

    Loosechange911 was coming out, clearly demonstrating that the whole WTC affair was planned, Michael Moore was screaming bloody murder. Still. the great majority didn’t even want to conceive of government betting against its constituents. The BS crap the military published about spraying aluminum and barium to reflect the sun heat back into the stratosphere came out right about that time too, when people like me started writing and talking about them. It’s still the official version everyone wants to believe. And Monsanto is the best thing since sliced bread. I’ve seen what Monsanto did to Boston Harbor. I handled the pollution litigation against Monsanto and saw how Monsanto never had to do much clean up after itself. AIG insured Monsanto. Enough said…

    Such is America…

  248. That made me think of this:

    “What in the world are they spraying?”

    http://www.youtube.com/watch?v=jf0khstYDLA

    Geoengineering and chemtrails…manipulating weather…Hurricane Sandy…who profits?

    Preservatives…obesity…diabetes…who profits?

    Wars…9/11…controlled demolition…unanswered questions…Iraq…NO wmd’s…MASSIVE defense spending…who profits?

    Time for the sheeple to wake up.

  249. Shiller: Is Housing Recovery Real? Only to the extent that there still are investors to buy. Ain’t gonna last too long now. No matter how we slice it, the world economy has tanked. Once that is fully understood, the pendulum will shift the other way: complete redistribution will take place and the people will return to owning their countries. Might take a little blood shedding to get there but we will get there.

    Friday, November 2, 2012
    Shock Doctrine, American-Style: Hurricane Sandy Devastation Used to Push for Sale of Public Infrastructure to Investors

    As a result of fully warranted bad press for some privatization deals, such as the lease of Chicago’s parking meters, there has been a bit (stress only a bit) more critical scrutiny of the de facto sale of public assets to consortia of private investors. Nevertheless, major banks have been using the financial distress of states and municipalities to push these deals as a solution to budget woes, when it’s a short-term expedient that leaves the public worse off. As we wrote earlier:

    The problem, of course, is that these deals put important public resources paid for by taxes (or even worse, financed by bonds and thus potentially not even yet fully paid for) in the hands of private investors. They then earn their returns by charging user fees of various sorts. The public must rely on the new owners for reinvestment and maintenance, and depending on how the deal is negotiated, may have ceded control as far as fee increases are concerned. This is tantamount to selling the family china only to have to rent it back in order to eat dinner.

    Now defenders will argue that there is nothing wrong with this in practice, as long as the price is fair, no one is harmed. That’s spurious. This is worse than an intergenerational transfer. Those future fees not only must recoup maintenance costs (which any owner would presumably pay) and the time value of money, but also the investor’s target return in excess of that. In addition, the large transaction costs of these deals are ultimately borne by the seller.

    And the list of shortcomings thus far are merely those that result if you have two sides that are equally sophisticated. That is hardly the case with municipalities versus bankers and investors. As the old saying goes, “If you sit down for a game of poker and you don’t know who the sucker at the table is, it’s you.”

    One of the themes of Naomi Klein’s book The Shock Doctrine was that disasters, such as the explosion of government budget deficits as a result of the financial crisis, help powerful parties push through programs that would have been hard to sell in ordinary circumstances. An even more cynical version is starting. The wreckage from Hurricane Sandy hasn’t even been cleared, yet financial entrepreneurs are looking to profit from it. From Philly.com:

    Rebuilding the shattered Shore and the swamped New York tunnels, along with badly needed updates to the Northeast’s exhausted roads and rails, will be an opportunity to implement streamlined construction laws backed by Republicans and pro-business Democrats in Congress and the states, says Frank Rapoport, Berwyn-based partner at New York law firm McKenna Long & Aldridge L.L.P., and counselor to contractors who support “public-private partnerships” (P3).

    That’s a label for a group of strategies that replace lengthy government-led construction with private contractors and financiers, financed by “sharing” user fees – like road tolls – once the project is built, instead of borrowing money and charging taxpayers….

    P3 funding – which Corbett’s predecessor, Democrat Ed Rendell, also supported and has continued to champion in his part-time retirement gig as an investment banker for Greenhill & Co. – is coming along “just in time” to aid in Sandy reconstruction, Rapoport says. Virginia is pushing a high-profile, privately run, toll-funded expansion of I-495 that P3 backers call a model. Pennsylvania “is following Virginia and Texas” in pushing privately run public projects, he added. Cash-strapped Puerto Rico is using P3 projects “for everything from bridges to schools.

    The problem is that these deals are typically exploitative financially, given all the mouths at the trough that get fed on these transactions. Let’s return to that Chicago parking meter deal. Mayor Richard Daley ramrodded it through, informing the city council of the complex deal a mere two days before the vote. The city had projected revenues foregone over the 75 year life of the deal on present value basis of between $700 million and $1.1 billion for cashflows over the life of deal in the $4 billion to $5 billion range. Chicago got $1.15 billion for the arrangement. Sounds like a winner, right? Well, funny that. The selling memorandum for Morgan Stanley-led investors on the very same deal said revenues would not be $4 billion or $5 billion, but at least $11.6 billion, or more than double the top amount projected by the city. And since they’ve put through two rate increases totaling over a 40% increase already, looks they they are on the way to making that happen.

    And these deals also contain that Elizabeth Warren would call “tricks and traps” that curtail government sovereignity, are contrary to the public interest, and even create safety risks. From Truthout:

    Infrastructure privatization contracts are full of “gotcha” terms that require state or local governments to pay the private contractors. For example, now when Chicago does street repairs or closes streets for a festival, it must pay the private parking meter contractor for lost meter fares. Those payments put the contractors in a much better position than the government. It gets payments, even though Chicago did not get fares when it had to close streets…..

    Highway privatization contracts also often include terms that forbid building “competing” roads or mass transit. Some even require making an existing “competing” road worse. For example, the contract for SR-91 in Southern California prohibited the state from repairing an adjacent public road, creating conditions that put drivers’ safety at risk. A proposed private highway around the northwest part of Denver required that local governments reduce speeds and install speed humps and barriers and narrow lanes on “competing” roads to force drivers to use the privatized road….

    Virginia decided to promote carpooling to cut down on pollution, slow highway deterioration and lessen highway and urban congestion. As a result, Virginia must reimburse the private contractor for lost revenues from carpoolers, even though not all of the people in a car would otherwise have driven individually….

    This approach makes about as much sense as using your house as an ATM to pay expenses, and in a worst-case scenario, is more like burning your furniture to heat the house. And even though we know how these movies are going to end, there’s hardly any reporting on these transactions, and thus even less opportunity than usual for the public to demand that its interests be protected. This is classic back-room dealing to the detriment of ordinary citizens, and there’s a good reason why. Making these deals make sense for the public would pretty much stop this gravy train, so it is essentially that they be kept in the dark. Disgracefully, media cheerleaders like Philly.com are only to willing to cooperate.
    Read more at http://www.nakedcapitalism.com/2012/11/shock-doctrine-american-style-hurricane-sandy-devastation-used-to-push-for-sale-of-public-infrastructure-to-investors.html#VWpFK67c01ROVaTd.99

  250. Neil said:

    “They should be regulated like utilities so that when they go off the reservation with obtuse machinations of financial products, they are quickly reined in…”

    Isn’t that what Glass-Steagall was for? Clinton repealed it. Thanks, Mr. President.

  251. http://www.americanbanker.com/issues/177_212/foreclosure-reviews-exorbitant-for-banks-gold-mines-for-consultants-1054069-1.html

    …In the wake of the financial crisis, banks mishandled foreclosures on such a scale that regulators stepped in. Led by the Office of the Comptroller of the Currency, they ordered banks to hire independent outsiders to identify homeowners who were wrongly foreclosed on and to provide compensation.

    Instead of righting a large-scale wrong, however, the “lookback” reviews have become nearly as controversial as the original servicing blunders…

    The massive bills being incurred indicate that the banks aren’t calling the shots, industry sources argue — the institutions are simply following orders and footing the tab for a program that has gone off the rails…

    …”This is Kafkaesque,” says an industry source who requested anonymity to avoid angering the OCC and independent reviewers. “The reviews don’t provide any closure [to borrowers], and their cost is going to be orders of magnitude beyond what banks pay out.”

    Many of the independent foreclosure reviews’ alleged flaws can be seen in the Bank of America loan lookback, run by consultant Promontory Financial Group. A spokesman for the bank offered a general description of its review operation for this story, but directed questions about the costs and design of the program to the OCC and Promontory.

    The OCC and Promontory concede that performing the reviews has required more work than anticipated, but say that the disarray in banks’ records is at least partly to blame. The reviews are essential to compensate borrowers and restore confidence in the mortgage market, they say. The cost of the review for banks is not among the OCC’s concerns,Deputy Comptroller for Large Banks Morris Morgan wrote in response to emailed questions.

    “The OCC has two primary objectives,” he wrote. “One is to determine what was broke and to fix it. The second one is to ensure eligible borrowers receive a fair and impartial review … Servicers will need to bear the necessary costs.”

    The Federal Reserve, which is overseeing the ResCap engagement and three smaller servicer reviews, declined comment.

    Consumer advocates are not buying that the process is functioning as it should. Instead, they argue that regulators have bungled the job of creating an effective foreclosures review and compensation process.

    “A system to compensate the maximum number of homeowners as efficiently as possible would not look at all like the system that’s in place,” says Diane Thompson, of Counsel for the National Consumer Law Center…

  252. http://www.youtube.com/watch?v=c_bthqKNjvc

    What a wonderful country…

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