Wall Street’s Mortgage Fraud Scandal. “You can have a house that is fully paid for and still end up in foreclosure”

Wall Street’s Mortgage Fraud Scandal with David Kreiger

big fed ponzi schemeIn a brilliant interview on Alex Jones’ Infowars, David Kreiger dissects a portion of the foreclosure fraud committed by the banks and their pretender lenders which David’s book, “Clouded Titles” (new updated edition with case cites) exposes.

The mortgage scandal created by banker endorsed deregulation and MERS (Mortgage Electronic Registration Systems) is a fraud that is wide spread and millions of Americans have been affected. What is most frightening is that many of them don’t even know it yet.

“You can have a house that is fully paid for and still end up in foreclosure,” Alex Jones explains and discusses with David Kreiger in detail. A must watch the video below. Continue reading

Judge endorses US use of fraud law against Bank of America

Don’t you just love Judge Rakoff?! Maybe he should run for President.

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Judge endorses US use of fraud law against Bank of America

A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in cases against Wall Street banks.

U.S. District Judge Jed Rakoff in Manhattan said Monday that a “straightforward application of the plain words” of the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) allowed the interpretation sought by the government.

The law has a low burden of proof, strong subpoena power and a 10-year statute of limitations, twice as long as the typical limit for fraud cases.

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Wall Street Shows Its Ass Again

Why Wall Street & Co. Will Do Anything to Stop Eliot Spitzer from Championing the Public Interest

wall-street-bullWeb of Debt blog / By Ellen Brown
The latest post from the AlterNet
Spitzer as comptroller: Good for New York, good for women, terrifying for Wall Street abusers.

Before Eliot Spitzer’s infamous resignation as governor of New York in March 2008, he was one of our fiercest champions against Wall Street corruption, in a state that had some of the toughest legislation for controlling the banks. It may not be a coincidence that the revelation of his indiscretions with a high-priced call girl came less than a month after he published a bold editorial in the 
Washington Post titled “ Predatory Lenders’ Partner in Crime: How the Bush Administration Stopped the States from Stepping in to Help Consumers.”  The editorial Continue reading

Your Mortgage Documents Might be Fake!

lynn_szymoniak-620x412Ya think, maybe? MERS alleges to have registered 71 million mortgages. There were likely another 15-20 million “non-MERS” mortgages…

Lynn Szymoniak in Salon:
BY Prepare to be outraged. Newly obtained filings from this Florida woman’s lawsuit uncover horrifying scheme (Update)

If you know about foreclosure fraud, the mass fabrication of mortgage documents in state courts by banks attempting to foreclose on homeowners, you may have one nagging question: Why did banks have to resort to this illegal scheme? Was it just cheaper to Continue reading

Federal Reserve: A 100 Year Old Failure

Posted by Larry Doyle on August 14, 2013

fedresThe Federal Reserve was founded in 1913 and here we sit 100 years later wondering who will be the next chair of this all powerful institution.

While there is serious politicking going on for both Larry Summers and Janet Yellen, will it really matter whether it is one or the other running this institution?

Perhaps at the margin and for optics the choice of Summers vs Yellen might matter, but in the grand scheme of things neither of these individuals is going to redirect the Federal Reserve from its failed policies. You don’t think so?  Continue reading

UPDATED WITH PDF’S: CASE NUMBER: 0:2013CV00464 USA VS ACE SEC. CORP. ET AL | COMPLAINT IN OTHER SZYMONIAK QUI TAM CASE

Amen.

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Plaintiff:Lynn E Szymoniak
Defendants:ACE Securities Corporation, Ally Financial, Inc., Aurora Loan Services, LLC, Bank of America, BAC Home Loans Servicing, LLP, Banc of America Mortgage Securities, Inc., Bayview Loan Servicing LLC, California Reconveyance Company, CarringtonMortgage Services, Chase Home Finance LLC, Citimortgage Inc, HomEq Servicing Corporation, HSBC Mortgage Services Inc, Litton Loan Servicing LP, Nationwide Title Clearing Inc, Ocwen Loan Servicing, OneWest Bank, Orion Financial Group, Inc., Prommis Solutions, LLC, Securities Connection, Inc., Select Portfolio Services, Inc., Vericrest Financial, Inc., Wells Fargo Home Mortgage, John Doe Corporations, Docx LLC and Lender Processing Services Inc
 USA vs Ace Sec. Corp. et al Docket #1 Complaint.pdf (Still working on)PDF File4.7  MB
   USA vs Ace Sec. Corp. et al Docket #30 Second Amended Complaint.pdfPDF File1.3  MB
   USA vs Ace Sec. Corp. et al Docket #4 Motion to Partially unseal part 1 of 2.pdfPDF File112.9  KB
   USA vs Ace Sec. Corp. et al Docket #4 Motion…

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Citimortgage accused of foreclosing on homes across the country while the homebuyers were protected from such actions by bankruptcy stays

Together we spread the word.  We are looking for a copy to post – no need to spend money for a public document. 

Click on the link below for a copy of the Complaint.

Harris v. Citimortgage, et.al
Case 3:13-cv-00783-JHM-DW Document 1 Filed 08/12/13

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Citimortgage accused of foreclosing on homes across the country while the homebuyers were protected from such actions by bankruptcy stays

LOUISVILLE – CitiMortgage foreclosed on homes across the country while the homebuyers “were protected from such actions by bankruptcy stays ordered by federal bankruptcy judges,” a woman claims in a federal class action.  

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Detroit is Organizing – Moratorium NOW!

Coalition to Stop Foreclosures, Evictions, and Utility Shutoffs

Detroit-Bankruptcy-Un_RasmOn the Fifth Anniversary of the Federal $700 Billion Bank Bailout

Saturday, October 5, 2013, Detroit, Michigan

A Call for an International Peoples Assembly Against the Banks and Against Austerity

Weekly Organizing meetings, Mondays, 7 PM, 5920 Second Ave., Detroit

Continue reading

Sense on Cents – Business Talk with Jim Campbell

Posted by Larry Doyle – Sense on Cents

What are you doing this weekend?  I hope the weekend allows you to spend quality time with family and friends. While I figure out some plans for today, tomorrow I will definitely set aside an hour to listen to the following:

Nationally Syndicated   Business Talk with Jim Campbell.

jim campbellSunday August 11th @ 10-11am & 10-11pm EST

Powerhouse Lineup on Insider Trading
Gretchen Morgenson – Assistant Business & Finance Editor, New York Times
Charles Gasparino – Senior Correspondent, Fox Business Network
William D. Cohan – Author, Fall of Bear Stearns and Goldman Sachs
Anita Raghavan – Author, “The Fall of the Galleon Hedge Fund”

Topic: Steven A. Cohen and the Criminal Indictment of SAC Capital Continue reading

The Shelley Report – Foreclosure Press

In case you missed it: Top stories for August 2013 provided by Shelley Erickson

a top_stories_320x240

Two outstanding decisions this week (click on the case for the Opinion-PDF): Continue reading