So long as government at every level is the waterboy of the banks while people on the ground remain unorganized, atomized, and vulnerable, this will only get worse. We hear rhetoric, “joking” of course, about how they need to start burning houses...
A special never before seen interview with economic expert Paul Craig Roberts.
Like the character of Will Kane, Liberty Movement proponents also listen to their inner voice. They understand that there are greater concerns at stake than their own safety. That there are ideals under threat of extinction.
For decades there has been a concerted effort to destroy the "Rule of Law" in this country, and take us back to a time before the Magna Carta. The Rule of Law is to be replaced by the Rule of Men. Foreclosure-Gate is the result...
This Interview took place on early Friday morning as part of the InfoWars money bomb. Starting at 7:00 minutes in the first video Max explains the MERS system and the repercussions of the systemic fraud...
A strong article in the Washington Post makes it so clear that even a CNN anchor can understand it: A huge portion of the Fraudclosure mess was by design.
3. MERS: It appears that electronic mortgage filing was little more than a legal fiction, designed to save banks and securitizers a billion plus dollars in filing/transfer fees. The risk in doing these things down and dirty (aka on the cheap) is...
The role of the Mortgage Electronic Registration System (MERS) throughout the foreclosure furor is interesting-mostly because there is no legal basis for its role. It was created out of whole cloth by the investment bankers who brought us...
Again, this is not about keeping deadbeat borrowers in homes, it is about the Rule of Law.
In Georgia, an employee of a document processing company, Linda Green, for years claimed to be executives of Bank of America , Wells Fargo, U.S. Bank and dozens of other lenders while signing off on tens of thousands of foreclosure affidavits.
This is the biggest scandal in human history. Indeed, all previous scandals from around the globe combined cannot even touch this one in terms of scale and scope and stench. This is the mother of all frauds and it will be etched into the history book
The global elite have engineered a total economic collapse.
"Financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in "foreclosure expert" jobs with no formal training
A financial institution in the business of making mortgage loans has no business routinely losing or damaging original promissory notes, and any institution that does so should be shut down by the federal regulators and I mean that.
Karl Denninger "Here it comes folks - Watch this carefully, especially around 3:30 onward." (You can sense the fear in the studio, Mark Haines appeared to be fully awake for the first time in 10 years)
Top legal officers of all 50 states opened a joint investigation into home foreclosures, saying they will probe practices at banks and mortgage companies.
Barry Ritholtz has over the past 10 days has done a really good job of getting to the heart of matter on Foreclosure-Gate. This video clip is from an interview with Max Keiser on Russia Today.
It's about time that someone in the mainstream media comes out and says it - this wasn't an accident, it wasn't "irrational exuberance", it wasn't unbridled speculation, it was an intentional and pernicious scam.
I swear to God Almighty: Mortgage Backed Securities are America’s Herpes—the gift that keeps on oozing.
It is the company created and owned by all of the big banks to process title to property in the U.S. Approximately 60% of the nation’s residential mortgages are recorded in the name of MERS.
Yves Smith does an excellent job of explaining Foreclosure-Gate in a way that we can all understand. She states that there were so many intermediary steps that were no followed, and so many frauds upon the court that this problem will...
It is only fitting that America, now on the verge of being a fully-blown communist country, is also abrogating property rights, courtesy of the much discussed foreclosure scandal. Dylan Ratigan provides a concise explanation of just how our bankers..
The real issue is ownership of these loans and who has the right to foreclose. By the way, despite various comments from the Obama administration, foreclosures are governed by state law. There is no real federal jurisdiction.
If the counterfeit is big enough, the whole system collapses, because you can't tell what's real from what's counterfeit and so confidence collapses.
Barry Ritholtz: There is simply no reason we should tolerate unlawful property seizure merely when it is done by banks. They are not the State, not the King, and not above the law.
Ah yes, how convenient for MERS to come to the CMBS market with a "time saving" yet fraud facilitating product, at precisely the time when various CMBS issues would start propagating and flooding the market with hundreds of billions....
In other words do precisely what Gordon Brown did a few thousand percent ago, and now has to defend against allegations he did so merely to protect the LBMA cartel which was on the verge of being margin called into oblivion.
In the meantime, here is a soon to be viral, and all too real, parody of foreclosure gate. At this point the guilty parties are irrelevant. All that matters is that America's terminal collapse into a banana republic is now obvious for all to see.
There is every reason to believe that the people of this nation will come to the conclusion that the bedrock of society - private property ownership - has been intentionally destroyed by a band of brigands with the explicit cooperation and permission
Has anyone considered that if we no longer have a rule of law and we no longer have due process that there are 330,000,000 Americans who just became empowered, under the very standards put forward by The Journal's Editorial Board, The Banks...