Why the Fed Can’t Get it Right

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Editor’s Analysis and Comments: Bloomberg reports this morning that “Fed Flummoxed by Mortgage Yield Gap Refusing to Shrink.” (see link below)

In normal times lowering the Fed Funds rate and providing other incentives to banks always produced more lending and more economic activity. Bernanke doesn’t seem to understand the answer: these are not normal times and the cancerous fake securitization scheme that served as the platform for the largest PONZI scheme in human history is still metastasizing.

Why wouldn’t banks take advantage of a larger spread in the Fed funds rate versus the mortgage lending rates. Under the old school times that would automatically go to the bottom line of lending banks as increased profits. If we put aside the conspiracy theories that the banks are attempting to take down the country we are left with one inevitable conclusion: in the “new financial system” (sounds like the “new economy” of the 1990’s) the banks have concluded there would be no increase in profit. In fact one would be left to the probable conclusion that somehow they would face a loss or risk of loss that wasn’t present in the good old days.

Using conventional economic theory Bernanke is arriving at the conclusion that the spread is not large enough for banks to take on the business of lending in a dubious economic environment. But that is the point — conventional economic theory doesn’t work in the current financial environment. With housing prices at very low levels and the probability that they probably won’t decline much more, conventional risk management would provide more than enough profit for lending to be robust.

When Bernanke takes off the blinders, he will see that the markets are so interwoven with the false assumptions that the mortgage loans were securitized, that there is nothing the Fed can do in terms of fiscal policy that would even make a dent in our problems. $700 trillion+ in nominal derivatives are “out there” probably having no value at all if one were the legally trace the transactions. The real money in the U.S. (as opposed to these “cash equivalent” derivatives) is less than 5% of the total nominal value of the shadow banking system which out of sheer apparent size dwarfs the world banks including  the Fed.

As early as October of 2007 I said on these pages that this was outside the control of Fed fiscal policy because the amount of money affected by the Fed is a tiny fraction of the amount of apparent money generated by shadow banking.

Oddly the only place where this is going to be addressed is in the court system where people bear down on Deny and Discover and demand an accounting from the Master Servicer, Trustee and all related parties for all transactions affecting the loan receivable due to the investors (pension funds). The banks know full well that many or most of the assets they are reporting for reserve and capital requirements or completely false.

Just look at any investor lawsuit that says you promised us a mortgage backed bond that was triple A rated and insured. What you have given us are lies. We have no bonds that are worth anything because the bonds are not truly mortgage backed. The insurance and hedges you purchased with our money were made payable to you, Mr. Wall Street banker, instead of us. The market values and loan viability were completely false as reported, and even if you gave us the mortgages they are unenforceable.

The Banks are responding with “we are enforcing them, what are you talking about.” But the lawyers for most of the investors and some of the borrowers are beginning to see through this morass of lies. They know the notes and mortgages are not enforceable except by brute force and intimidation in and out of the courtroom.

If the deals were done straight up, the investor would have received a mortgage backed bond. The bond, issued by a pool of assets usually organized into a “trust” would have been the payee on the notes at origination and the secured party in the mortgages and deeds of trust. If the loan was acquired after origination by a real lender (not a table funded loan) then an assignment would have been immediately recorded with notice to the borrower that the pool owned his loan.

In a real securitization deal, the transaction in which the pool funded the origination or purchase of the loan would be able to to show proof of payment very easily — but in court, we find that when the Judge enters an order requiring the Banks to open up their books the cases settle “confidentially” for pennies on the dollar.

The entire TBTF (Too Big to Fail) doctrine is a false doctrine but nonetheless driving fiscal and economic policy in this country. Those banks are only too big if they are continued to be allowed to falsely report their assets as if they owned the bonds or loans.

Reinstate generally accepted accounting principles and the shadow banking assets deflate like a balloon with the air let out of it. $700 trillion becomes more like $13 trillion — and then the crap hits the fan for the big banks who are inundated with claims. 7,000 community banks, savings banks and credit union with the same access to electronic funds transfer and internet banking as any other bank, large or small, stand ready to pick up the pieces.

Homeowner relief through reduction of household debt would provide a gigantic financial stimulus to the economy bring back tax revenue that would completely alter the landscape of the deficit debate. The financial markets would return to free trading markets freed from the corner on “money” and corner on banking that the mega banks achieved only through lies, smoke and mirrors.

The fallout from the great recession will be with us for years to come no matter what we do. But the recovery will be far more robust if we dealt with the truth about the shadow banking system created out of exotic instruments based upon consumer debt that was falsified, illegally closed, deftly covered up with false assignments and endorsements.

While we wait for the shoe to drop when Bernanke and his associates can no longer ignore the short plain facts of this monster storm, we have no choice but to save homes, one home at a time, still fighting a battle in which the borrower is more often the losing party because of bad pleading, bad lawyering and bad judging. If you admit the debt, the note and the mortgage and then admit the default, no  amount of crafty arguments are going to give you the relief you need and to which you are entitled.

Fed Confused by Lack of Response from Banks on Yield Spread Offered

64 Responses

  1. Eye opening video from you tube considering the recent events of the past few months…… Troops ordered to kill Americans who don’t turn in guns….
    http://www.youtube.com/watch?v=FyfkQkchlu4

  2. Lots of shady activity going on with these bankruptcies. My sister filed and the attorney told her she could extinguish the second mortgage, than he told her she couldn’t. Then he told her not to notify the bank who she is trying to get a loan mod from that she was filing Bk…The bank already fraudclosed on her and won’t produce any docs. A CHASE attorney told her attorney that she hired after the fraudclosure that they don’t have to produce any docs after they are granted a foreclosure. Now why would they care if they were granted a foreclosure legally…..? Now shes trying to stave off eviction and trying to get a loan mod again. CHASE is already giving her the run around with the paperwork. They are very unprofessional to say the least and IMHO, that attorney is not being honest with her. This is all way out of control because none of these crooks are being held accountable.

  3. Pro Se Homeowner files Motion to Recuse bankruptcy judge in Delaware re: her home/mortgage in California

    http://www.scribd.com/doc/118244956/PLAINTIFF-GALOPE-FILES-MOTION-TO-RECUSE-BANKRUPTCY-JUDGE-IN-DELAWARE-NEW-CENTURY-BANKRUPTCY-CASE-07-10416

  4. More from Dean Henderson Federal Reserve Book:

    http://www.veteranstoday.com/2012/12/26/hsbc-skates/

  5. At the onset, Plaintiffs presentment of a copy of a security is void, a nullity and was presented with the intent to force Defendant’s into parting with something of value in redemption for such a counterfeit is a criminal act punishable by fine, 10 years in prison, or both.

  6. Every person who, under color of any statute, ordinance, regulation,
    custom, or usage, of any state or territory, subjects, or causes to be subjected,
    any citizen of the United States or other person within the jurisdiction
    thereof to the deprivation of any rights, privileges, or immunities
    secured by the Constitution and laws, shall be liable to the party
    injured in an action at law, suit in equity, or other proper proceeding
    for redress, except that in any action brought against a judicial officer
    for an act or omission taken in such officer’s judicial capacity, injunctive
    relief shall not be granted unless a declaratory decree was violated
    or declaratory relief was unavailable. For the purposes of this section,
    any Act of Congress applicable exclusively to the District of Columbia
    shall be considered to be a statute of the District of Columbia.

    Prima Facie Case
    To establish a prima facie case under 42 U.S.C. § 1983, plaintiffs must
    allege two elements: (1) the action occurred “under color of law” and (2)
    the action is a deprivation of a constitutional right or a federal statutory
    right.11 The first element, discussed in Chapter 2, infra, involves a factspecific
    inquiry wherein the court must examine the relationship between
    the challenged action and the government. The second element is explained
    in Chapters 3, 4, and 5, which deal with the First, Fourth, Eighth,
    and Fourteenth Amendments.

    Recommended reading:http://www.fjc.gov/public/pdf.nsf/lookup/Sect1983.pdf/$file/Sect1983.pdf

  7. Do not forget 42 USC 1983

    Every person who, under color of any statute, ordinance, regulation,
    custom, or usage, of any state or territory, subjects, or causes to be subjected,
    any citizen of the United States or other person within the jurisdiction
    thereof to the deprivation of any rights, privileges, or immunities
    secured by the Constitution and laws, shall be liable to the party
    injured in an action at law, suit in equity, or other proper proceeding
    for redress, except that in any action brought against a judicial officer
    for an act or omission taken in such officer’s judicial capacity, injunctive
    relief shall not be granted unless a declaratory decree was violated
    or declaratory relief was unavailable. For the purposes of this section,
    any Act of Congress applicable exclusively to the District of Columbia
    shall be considered to be a statute of the District of Columbia.

    Prima Facie Case
    To establish a prima facie case under 42 U.S.C. § 1983, plaintiffs must
    allege two elements: (1) the action occurred “under color of law” and (2)
    the action is a deprivation of a constitutional right or a federal statutory
    right.11 The first element, discussed in Chapter 2, infra, involves a factspecific
    inquiry wherein the court must examine the relationship between
    the challenged action and the government. The second element is explained
    in Chapters 3, 4, and 5, which deal with the First, Fourth, Eighth,
    and Fourteenth Amendments.

    Recommended reading:http://www.fjc.gov/public/pdf.nsf/lookup/Sect1983.pdf/$file/Sect1983.pdf

  8. Though I would love to see criminal prosecutions of these crooks, judges ruling that fraud at the onset by Concealment of the true facts of the Plaintiffs case is not asking for a criminal prosecution. It is simply asking for the judge to rule on the facts presented thus far. The fraud began at the onset by Deception and Concealment upon Presentment and is undeniable. I heard a judge say to a defendant, this is not a criminal court. That is quite a deceptive statement considering presenting fraud upon any court is criminal and renders the entire proceeding null and void.

  9. The Fed can’t get it right because they won’t admit wrongdoing and believe they are above the law.

  10. Fraudclosure is a carpet bombing by our enemies both foreign & domestic. The allowance by the court of the fraud at the onset by Plaintiffs proves intent to harm and is a direct violation of our due process rights.

  11. Discovery….? Did they state a cause of action that is at least a casual connection between the injury and the conduct complained of – the injury has to be “fairly traceable to the challenged action of the defendant, and not the result of some third party not before the court.” (Simon v Eastern Kentucky Welfare Rights Org., 426 U.S. 26, 41-42, 1976). In order for the Plaintiff to invoke the court’s “particular case jurisdiction” Plaintiffs must meet the threshold requirement ….. prove status of holder of the instrument….at the onset of their foreclosure action. Article 8, governs investment securities, Article 9 governs secured transactions, Article 4 governs bank deposits and collection and banks responsible for payment of a check/note. Article 3 governs transactions involving negotiable instruments and creates a secured transaction by Acceptance 3-103 & Consideration 3-303 and is evidenced by the legal assignment. These are MORTGAGE BACKED SECURITY ENTITLEMENTS, therefore Indorsement or Instruction by another party does not guarantee these ENTITLEMENTS…….some task must have been performed by the Issuer. The Issuer has to have been the bank who Issued the original Bill of Credit to you. Why are the notes unindorsed by the Issuer who collected those payments from you…? Where did those payments go they collected on those unindorsed notes…? They definitely cashed those check/notes at the Origination and made subsequent transfers so who paid off the Original Bill of Credit to the Treasury the Issuing bank took out in your name….? If no one did, the Plaintiff is in default in your name and in possession of an overdue instrument and are IMPOSTERS; fictitious payees. The FEDSTERS have one hell of a nerve coming to court with unindorsed notes after they collected payments on them and demanding Performance upon contracts they never Performed on.

  12. Thanks…any win, in my humble opinion, is a potential win for all.

  13. i know someone in maryland. i’ll see if he knows counsel in Delaware.
    email jeff Barnes, (foreclosuredefensenationwide.com) and ask him if he has an associate in DE.

  14. usedkarguy@yahoo.com
    I talked to someone who wants to talk to you off site. i will verify you’re fine with forwarding before i do it.

  15. @ usedkarguy, “e tolle, email me, would ‘ya?”

    Sure, what’s your address?

  16. UKG

    Thoughts on new causes of actions? I have loaded them up, to include recusal of the judge. You can see in their objection, they’re emotion. First time I noticed that. I lambasted them with pages of fraud statutes, forgery penalties, criminal statutes, hearsay evidence allowed in hearings, challenged witness credibility, fiduciary duty, fraud on the court, perjury…they “vehemently” deny all my allegations, Ha, Ha, Ha…is that right. They are fighting additional discovery, of course, ’cause we are very, very close to the entire ruse being exposed. This is a critical point, procedure is my weak suit…desperately need advisement, but the lawyers around the Delaware area seem to be inept or bought up. No one wants this and we are so close. Anyone here have a referral? Ideas?

  17. hi Louise. my attorney is fighting this exact issue on her home. fraudclosure does not a legitimate sheriff’s sale make. forcing these guys to backtrack and give the home back is landmark. they have to cheat the courts to get the rulings they get. we know that. now the judges are learning from us.

  18. @UKG ,

    You’re 100% correct ,, as is Neil .. DENY DENY DENY … they can’t ever let a decision go our way as it’ll unravel their lies… my strategy is to keep pushing and take a settlement of 100% satisfied .. they’re stonewalling discovery … and I don’t care about the validity of the “satisfied” … the USD may not last another few years , the amount of fraud means that the fraudulent stuff WILL GET WASHED legally at some point.

  19. I don’t know, pops. if you don’t get the right ruling, you’ll have to appeal. keep in mind that your claims continue to mature, except where they have committed fraud within the court action. those are new causes of action that are being created within the foreclosure lawsuit itself.

    not legal advice, as i am not an attorney.

  20. @usedcarguy: I agree with your last statement about not letting any fraud issues come out. They, the banks, are teetering on the edge. Once they go over on even one conviction, the rest will come down, too. Do not overlook the conviction of Lorraine Brown. My loan was processed (more than once) through LPS along with my trust. You do not have to be a rocket scientist to figure out that forged documents do not make a legal foreclosure. I am waiting with baited breath.

  21. Yes, ukg…advice…thoughts?

  22. poppy; readers digest version; we are pleading against two sets of parties; HSBC/Gray & Assoc.,/their defense firm and
    Wells Fargo et.al/Litchfield Cavo. BK judge tried to dismiss against one set of defendants over a 7hr late filing. The courts are backed into a corner. A lot is riding on them keeping homeowner claims at bay. like 4 million fraudulent foreclosures already executed. A fraud conviction against ANY ONE of these bank firms will turn this upside down. They have gotten away with so much that reversing course will cause extensive litigation. They have only been winning because the costs are borne by the investors through servicing agreements. once the bank starts getting whacked with fines and settlements, they’re all done.
    We know the ‘foreclosure review’ is a fraud, as well as the 49 State settlement. The banks are not abiding, and the gov’t is not enforcing. yet.
    i hope you have counsel.

  23. e tolle, email me, would ‘ya?
    thanks.

  24. poppy, do not expect anything legitimate from opposing counsel. it sounds like you are hitting the sweet spot. once the argument stops, they pull out all the procedural stuff, and try to bushwhack you by sidetracking the issue to attack on bullshit issues.
    are you pro=se’ing your way through this?

  25. Please allow me to correct typo…..Plaintiffs claims are clearly in violation of all State and Federal Laws and therefore, Plaintiffs foreclosure action reeks of a Civil Conspiracy to defraud the Defendants.

  26. The FEDSTERS did not follow the rule of law at the onset of their claims, therefore, no rules apply to the Defendant’s who are forced to seek justice on our own behalf. Therefore, rule on the facts presented thus far. The entire claim must be dismissed with prejudice in favor of Defendant’s because the facts presented by Plaintiffs at the onset were criminal….no do overs….clear title plus compensatory damages and other equitable relief as we the Defendant’s have all the rights of a harmed party.

  27. I am asking for the judge to rule on the fraud that began at the onset. The proof of this is in the onset of Plaintiffs claims. That by Plaintiffs deception and concealment of the true facts, their complaint was insufficient in law and defective and in fact, criminal upon presentment of their faulty, fraudulent foreclosure action. I am seeking clear title, all costs of this suit including all property tax bills plus compensatory damages and other equitable relief against Plaintiff’s under the courts civil law, criminal law jurisdiction and I am invoking all of my Constitutional and legal rights afforded to me as a Natural Born U.S. Citizen. I am doing this because a counter complaint cannot be brought and a ruling cannot be made because the court lacks subject matter jurisdiction over the original complaint that was lacking disclosure and was therefore, criminal. The Plaintiffs original complaint was illegal under U.S. & Common Law, and is in violation of State, Federal and reeks of a Civil law conspiracy. These claims being brought by Plaintiffs with no proof of legal claim are wholly insufficient in law and because these claims by Plaintiffs are unsubstantiated, they can only be considered fictitious debts being brought by IMPOSTERS; fictitious payees who are committing forgery with counterfeit documents……FELONIES. A motion to summary judgement is to easy on these crooks. They need to pay for the permanent harm they have inflicted upon the Defendants because their Negligence was criminal upon Presentment of their faulty, fraudulent original claim.

  28. Typo….The Supreme Court gives 5 years for claims, under excusable neglect and defects not noticed over a period of time.

  29. Update on my case:

    The Defense attorney is talking about me being in contempt of court for filing a Motion to deem my claim non-dischargeable, due to the fraud, forgery, etc…20 pages of Statutes, Case law and Rule of law…needles to say they’re pissed. Asking for a dismissal due to my contempt, stating it is sub judice…Bull!. The judge is considering my CLAIM as timely filed, not if it is dischargeable or not, that is a separate Motion.

    There is a difference between my claim being an actual claimupreme Cout says, it is and asking for it not to be discharged, due to the behavior by the defendants, New Century… is 2 entirely different things.

    Thoughts anyone?

  30. Obama & Congress say we can’t default on this robbery of WE THE PEOPLE, this scam by the FEDSTERS and Wall Street to re-socialize what has been stolen from us by them. That is not only terrorism by fascism that will bankrupt WE THE PEOPLE, it is deception that will create complete communism by the very criminals who robbed us. They are destroying America with the unsustainable debt created by these criminals, by the theft of everything we already paid for and re-socializing a quadrillion dollars in unsustainable debt fraud created by these Wall Street criminals.

  31. You would love it if I were stupid enough to be intimidated by any of you. Where’s the notes you crooks….? You already cashed them, that’s what you are hiding.

  32. ……and taxes.

  33. That’s right javagold…the FEDERAL RESERVE BANK is a PRIVATE BANK who are criminal racketeers who work for the FEDERAL GOVERNMENT. The U.S. CONSTITUTION gave no special powers to the FEDERAL GOVERNMENT……that is why the traitor politicians from within instituted the FEDERAL RESERVE DEBT CARTEL.

  34. The stock market is down yet again. More threats in this ongoing hostage situation by the FEDSTERS…. via their perps on Wall Street. Now it is Fiscal Cliff terrorism, that is simply more extortion by the criminals hiding behind the scenes of the biggest financial crime in history. They want to bankrupt WE THE PEOPLE, via the traitor politicians and steal and seize everything we already paid for, under the guise of unsustainable debt they created by committing a quadrillion dollars in financial fraud without our knowledge, without our permission, they are still racketeering with our forged signatures…they are counterfeiting soley to steal and destroy our freedom and independence.

  35. there is NOTHING Federal about the Federal Reserve

  36. thanks, Christine.Stay safe. The best IS yet to come as these appellate cases get tried and local judges are reversed.

    “Under communism, man exploits man:
    under capitalism, it’s the other way around.”
    now THAT’s funny.

    at DCB: that is our argument right now in a case. If the forgeries were used to prove standing, the foreclosure, the judgement and subsequent sale are ALL VOID.
    and I don’t read it either. she should get a job or something.

  37. My hope is to expose & discredit all of your b.s. and your entire FEDSTER entitlement program to yourselves because you never owned anything in the first place.

  38. I glaze over your comments in disgust as well DC…. The difference between you and me is, for me, this not about selfish or greedy purposes. This is not about a paycheck for me, this is about everyones freedom & independence that is being stolen from them by the credit & investment scammers you work for.

  39. WE THE PEOPLE who “get it” are the Generals on the white horses. The politicians have severely violated both the social contract……the Declaration of Independence & the Legal Contract, the Supreme Law of the Land, the U.S. CONSTITUTION. They are also human rights violators. They are killing and throwing people in prison for their crimes against us.

  40. EXCUSE ME—I do NOT read Stripes comments. Just passover. and any who are stupid enough to chase the red herrings into extremist sidelines deserves to lose their homes and pensions–because of the old adage “a fool and his money are soon parted”–and it aint changed in recent years

  41. DC….Those who have taken the time to educate themselves know you are one of the many great deceivers of mankind.

  42. Hedge fund managers are just another tranche of the FED. If they weren’t, they would be in prison for gambling on bank fraud. THE FEDSTERS ARE WALL STREET. They wear many disguises. They are the politicians….the bankers …..the lawyers and the cops.

  43. @STRIPES
    I will read your BS much less respond to it–so whatever your purpose you are playing with the minds of other readers not mine

  44. Hedge fund managers get a large slice of the net income they generate through churning of assets ans a nice piece of the entire asset pool under their management no matter if its a stack of toilet paper stacked sky high and overvalued 100 times. Its a PONSIE scheme pure and simple with US employers pouring more pension monies withheld from employees’ payrolls–401K —–One day they will ASCRIBE THE ENTIRE GLOBAL FINANCIAL INDUSTRY AND EMPLOYEE PENSION FUNDING TO THE BERNIE MADOFF MODEL.

    There is NO prospect that current 401K payments will be paid back as pension monies. As the Congress pressed by military-industrials and financials cuts grammas pension and health care —–while both of these groups make record profits—kids today can expect nothing but worse to come for them—the social contract between the citizenry and the US government is being broken by theft of benefots via contrived inflation.

    The banks skim the NPV of the difference between the Fed rate on purchases @80 billion/mo @2.5-7% and the lending rate of 4.5 plus–nobody gets 3.7–and the banks are not relending 30 except for quick resale–none to business—-not when they can create bubbles in commodity ETFs—-INFLATION.

    And the Fed Reserve doesnt understand this? Of course it does–it is driving inflation up in order to balance the books and allow enough [hopefully ] for granny to still buy a bag of nutricious dogfood and pay the rent in a govt housing complex. This is the legacy for baby boomers of decades of multiple neverending wars designed and carried out for the enrichment of govt contractors. the ones Eisenhower warned of____where is our General on a White Horse today?

  45. Under Crony Capitalism man exploits man. The Crony Capitalists want Complete Communism….because that is Complete Control. That could not have happened without the traitor politicians who allowed the FED INVESTORS to hijack our gold and the money printing machine and issue credit in exchange for our wealth. There has been high treason committed in America and it began when the traitor politicians allowed the FED ….. A PRIVATE BANK…..AND THEIR INVESTORS, to borrow our wealth in exchange for their credit. It is unconstitutional & illegal.

  46. Stripes has a point
    There is good case law and those commiting frauds upon our courts with concealment and intent to deceive and collute to embezzel
    May be in for a shock if the wind starts to blow against them. Who knows.

  47. Obama, Bernanke and Geithner along with Holder are not working for WE THE PEOPLE, they are working for the FED INVESTORS.

  48. Under communism, man exploits man:
    under capitalism, it’s the other way around

  49. Never admit to a debt because the debt Wall Street created with our signatures, without our knowledge is unsustainable and can never be repaid.

  50. That argument goes right out the window DC if the party trying to foreclose was in Default first and are in possession of an Overdue Instrument …… These are also supposed to be MORTGAGE BACKED SECURITIES….. they are neither… Therefore these are felonies by the FED …… they broke Federal and State Securities Laws; Banking Laws; Trust Laws ; as well as numerous State and Federal Laws.

  51. 1ofthemany…..the Senators and Congress too. They are a party to it in many ways and, they have the power to stop anything he does and they have done nothing.

  52. “If you admit the debt, the note and the mortgage and then admit the default, no amount of crafty arguments are going to give you the relief you need and to which you are entitled.”

    Good advice with very limited exceptions: if the documents used to induce a borrower to default–to give up in the face of apprarent right, then the judgments and orders are based on fraud in fact –ie forgeries. The Court cannot in the US be hijacked by a theif and used to steal any properrty. The judgments are void and settlement obigations by the defrauded borrower are also wiped out–whereas the contract dutes –including releases made by the frauder are effective. A theif cannot use his own acts to invalidate his duty.

    Forgeries void the deal. Problem is that the true owner is lurking out there —the releases were invalid-same as forged docs assignments notes etc——–but ut takes proof eveidence that the doc is forged despite the percentage probability.

  53. The regulators and the mega banks are in bed together to fleece the American people. Do not think that this type of thing has not happened before. It has, but not in America. The banking cartels are out of control all over the planet. We need to do what Iceland did and make sure our national debt is lowered, jail some bankers, nail the regulators and watch the economy boom. Members of Congress want to make themselves rich at your expense. They are doing a good job of it. We must fight back.

  54. “The case or controversy doctrines state fundamental limits on federal judicial power in the system of government” Vander Jaqt v O’Neill, 226 U.S. App (1993); (Allen v Wright 468, U.S. 1984). The party invoking Federal Jurisdiction bears the burden of proof of establishing the elements, (FW/PBS, Inc v Dallas 493 U.S. 215, 231 1990).

  55. SOS …..take it how ya see it
    http://www.informationclearinghouse.info/article33419.htm

  56. FED trolls are perusing this site trying to discredit the truth….the trolls are right about one thing, the best is yet to come. The crooks will hopefully get long stints, awaiting trial in County prisons for trying to conceal federal crimes in Civil courtrooms before they get sentenced to life in prison for committing numerous felonies, and are halled of in shackles to State Penitentiaries all over the country for carrying out their crimes at the State and County levels in order to disguise their true identities.

  57. Blame the victim is all these criminals, their minions and cohorts do. These criminal acts against us, disguised as “saving the economy” are acts of terrorism against WE THE PEOPLE. The American people have been FED a steady diet of lies and deception for decades so that these acts of lawlessness and terror against us would seem like we caused this and the only way to fix this mess they created is to rob us out of everything. No proper legal representation is part of the terrorism, it is sneaky fascism to force compliance with criminal fraud. These crooks want to keep the juice money flowing to our enemies, both foreign and domestic. These criminals believe selling credit that doesn’t exist is an exchange for an investment entitlement program for themselves and their criminal friends around the globe. It is not, it is credit and investment scamming and it is criminal. These so called investments are a control mechanism put in place by the rich, for the rich. Investment is not ownership of anything and it is not a contract with WE THE PEOPLE that never expires. Not only because we had no knowledge of it and never signed it but, because none of these entities had our permission to sell investments in copies of our signatures, hundreds of times per note and mortgage rendering our properties worthless. One attorney discovered his clients note was sold 607 times. What is going on in these courtrooms is criminal fraud and abuse by the FED and their INVESTORS who hide behind other identities in which to steal. What they are doing is unconstitutional and therefore illegal and violates all of the laws of this land. It is also criminal fraud and abuse being waged on the American people beyond most Americans comprehension. The Federal Rules of Civil Procedure that have been put in place in Civil Court Rooms lay the burden of proof solely on the FED and that is why they are hiding behind servicers. Therefore, all of the usual rules of the court go out the window because fraud upon the court, destroys the credibility of these cases and intent to deceive makes foreclosures criminal and is also proof of a vast civil conspiracy by the local politicians and the FEDSTERS. These politicians are the cause of this and they are traitors.

  58. Footnote christine;

    We are losing due to government solidarity with the finance industry. Every day there are bad judges making poor decisions, inept lawyers practicing law and pleadings that are less than stellar, but the judge in a pro se case has the “obligation” to give those pleadings the most meaningful interpretation and allow the pro se more latitude than skilled litigators.

    This is life and the fallibility of human kind. I personally, find your judgements harsh and unforgiving, but that is your call. Just curious, how many cases have you won and have you shared the results with the masses, for free? That would be the altruistic thing to do.

  59. The Federal Court should rescind that “sale”. Moving on a TRO is against the rules, at least in NC…and the attorneys can get sanctioned for the behavior.

    Crawl all over them…the Federal Court is the best bang for your buck, so to speak, the requirements are much tighter and the rules are stricter. They are in violation of a court order, don’t let this go.

    We are under a stay from the Federal Court and the attorney tried the same stuff, in the District Court and it didn’t fly, but in our case he withdrew the motion.

    Good Luck…

  60. And some lawyers go from the butt to the elbow but end result is the same client was led down a path of no return
    Not saying no good lawyers but i experienced what i did and i know what i know and thats a hell of a sweeping christine for a very smart women.

  61. Peace christine. Hari Ram.

  62. All,

    We had a valid TRO on our home and the lender still foreclosed on our home and removed the case to Federal Court. I would like to know as a matter of law should the sale be void. Could someone provide case law that would render the sale void.

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  63. “While we wait for the shoe to drop when Bernanke and his associates can no longer ignore the short plain facts of this monster storm, we have no choice but to save homes, one home at a time, still fighting a battle in which the borrower is more often the losing party because of bad pleading, bad lawyering and bad judging.”

    Bad judging, mostly. All one needs to do is read the posts here to realize that most people don’t know their butt from their elbow, have absolutely no clue about how the world functions; have that inflated and misinformed belief that they are the center of the universe and the standard by which everything and everyone ought to think, live and function. And most of all, have the primitive, almost prehistoric arrogance and stupidity to advocate war as an answer to every problem and gun ownership as a God-given right.

    God has been laughing at America and its inhabitants for quite some time already: corrupt, spoiled, demanding, whiny, complaining, intolerant, feisty, self-absorbed, bigoted, critical and judgmental, irresponsible and fearful of their own shadow, while having the nerve to brandish the Bible and dictate everyone else’s thoughts and behavior, calling “evil” anyone who refuses to comply and proclaiming to “wage war” to force it down everything and everyone else’s throat.

    Who lives by the sword perishes by the sword. God is holding the sword and having a swell time at it. America is done. And so am I here. Too many imbeciles.

    E. ToLLe and Usedkarguy: it was fun while it lasted. I wish you both the very best and a Happy New Year. Keep your chin up: the best is yet to come.

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