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How bad could this be? It could be very bad. It could be in aggregate hundreds of billions of dollars of notes that are - surprise-surprise - really owned by Bank of America (cum-Countrywide) and the losses thereupon could land on them...
There's a cynical argument to be made that the entire purpose of TARP and all the other BS pulled by both Obama and Bush was to run the statute of limitations - that is, intentionally delay recognition of the harm until you can't sue to recover any..
If such a bill, were it to be promulgated, it would be an act of intentional subversion of The Constitution and a violation of the oath of office of every Congressperson who votes or argues for it. (ex-post-facto law is barred by The Constitution)
The age of the nation state is over and the idea that countries can stand alone is an ‘illusion’ and a ‘lie’, the EU president believes.
So if what we are increasingly led to believe it true turns out to be correct, that borrower notes never were conveyed to the trust, and were also not endorsed over to the trust (through the proper chain of conveyance specified in a PSA)...
Host:
Ernest Hancock
Hour 1 - Suzanne Taylor - Producer/Director "What On Earth? Inside the Crop Circle Mystery" / Hour 2 - Genae Girard - Gene Patents / Hour 3 - Charles Goyette & Jack Gregson
Achieving REMIC (Real Estate Mortgage Investment Conduit) treatment was an important objective in these securitizations. They were created in the 1986 Tax Reform Act. REMICs are pass through entities, meaning the entity...
He claimed that foreclosures were not resuming because the records remain murky and would promote challenges and, perhaps, legal penalties.
In a rather-stunning admission on Jekyll Island last weekend, Alan Greenspan "outed" what really happened.
Take a look at this map of a depopulated United States of America and tell me that Foreclosure-Gate is not a means to dispossess the American people of their homes...
While we have no way to confirm or refute the validity of this statement presented by a supposed ATM business insider on Steve Quayle.com, it does bring up an interesting point regarding how banks may be conserving "petty cash."
Part 1 to 4 of The Wall Street Conspiracy
In this segment, Jesse Ventura, former Minnesota governor, takes on the boys at Goldman Sachs. As he leaves the room, he tells them, "And I'll keep fighting for the little guy and kick your asses."
The toil of generations of Americans will soon be a blood sacrifice to the unbridled greed of our would be masters...
This was a Huckabee exclusive this evening, when Governor Mike Huckabee had Alaska Senate hopeful, Joe Miller, on his show to discuss the continuing saga of the vote counting in Alaska for the too-close-to-call race there. Someone obtained a video of
These folks could care less if 90% of America is reduced to the status of Haiti in the long-run where people eat “mud-pies,” a mixture of dirt, salt and vegetable shortening to survive. Now, this is not my prediction for America but...
The European Central Bank refused to disclose internal documents showing how Greece used derivatives to hide its government debt because of the ¡°acute¡± risk of roiling markets, President Jean-Claude Trichet said.
Rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.
"I started to talk about the Tapeworm Economy, because if you look at the Tapeworm Economy, the media feeds us information about what is good for the tapeworm, and bad for us." Catherine Austin Fitts
But that’s America. The people simply cannot put two and two together. Thinking is not an activity of the American public. Indeed, Americans are incapable of thought on any subject.
"President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations."
The most troubling of all is the response that many homeowners have gotten from Bank of America. They're telling customers they have no legal right to see their own note. Think about how absurd that is; your mortgage note is a contract you...
Given the "spooky" nature of the day, it appears to be the appropriate time to make the usual rounds. Let's start with Manhattan, where a judge seems to have done the right thing:
The major banks and their agents have for years taken shortcuts with their mortgage securitization documents — and not due to a momentary lack of attention, but as part of a systematic approach to save money and increase profits.
What we are witnessing is nothing less than the end result of a systematic design to defraud the American people of clear title to all residential property in the United States of America.
And in the case of the zombie banks, the GSEs and the MIs, the fraud is being actively concealed by Congress, the White House and agencies of the U.S. government led by the Federal Reserve Board. Is this not tyranny?
The Mouth That Roars
U.S. Government Says Be Afraid of Everyone and Everything
The banks have gotten the Big Lie technique down to a science: State a lie so colossal that no one could believe anyone “has the impudence to distort the truth so infamously.” In practice, adding factually accurate, but irrelevant or misleading...
Unfortunately, the title database has no legal standing, as declared by several state courts, including some supreme courts. Banks or financial firms holding the mortgage notes cannot team with the title database and force eviction during the...
One foreclosure expert estimates that just 6 to 7 percent of the loans made in the last three years can produce properly recorded title transfers from borrower to final lender. Legally assigning, or recording title transfers was much too slow...
