The Silent Killer – like a heart attack – these thieves will destroy America

“Someday, it will go down in history as the first trial of the modern American mafia,” wrote Matt Taibbi in June 2012 in Rolling Stone’s The Scam Wall Street Learned From the Mafia – How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape.  Add that to Neil Barofsky’s new book BAILOUT where he discusses how this behavior stems from the fact that the Wall Street banks control and manipulate the U.S. Treasury…

And we begin to understand why this seems to be a never-ending nightmare.

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Define “Responsible” Homeowners – Please! An open letter to President Obama.

COMMENTS ARE WELCOMED.

We’re fortunate in Hawaii to have accessible U.S. Senators who have been on a first name basis with with their constituents forever. And at times like these U.S. Senator “Dan” Inouye has always been our “go to guy.” 

Aloha Senator Inouye –

This morning we received the email of President Obama’s Weekly Address:
It’s Time for Congress to Help Responsible Homeowners.

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Another Bandit Bernanke Multi-Billion $$$ Bank Bailout Blunder

The National Memo – Markets Surge As Federal Reserve Offers New Stimulus

Oh Pleeese, who does Ben Bernanke think he is kidding?!  Congress has the ability to say, “Don’t buy bad debt.”

The stock market surged today because the Federal Reserve announced it was going to take $40 Billion of our tax dollars per month “until further notice” and buy inflated, defective, fraudulent mortgage-backed securities (MBS) indefinitely from the banksters.

Does that really make any sense? Continue reading

Mayor Hurricane Hazel McCallion – Has a Debt-Free City!

Mayor of Mississauga for 11 terms and 92% of the vote, Hazel McCallion has maintained one of the few debt-free cities in Canada… so folks, it can be done.

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Chapter 8 “Foaming the Runway” – Hero Neil Barofsky’s BAILOUT

Neil Barofsky is the author of the new book “BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”  If you read anything in Neil Barofsky’s new book – BAILOUT, you MUST read
Chapter 8 “Foaming the Runway”.  

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Wells Fargo, again – why are we not surprised? Look at the Congressional, Executive Branch and Supreme court bank and Wall Street investments and then let’s discuss why these bankster keep getting away with this.

 

See OpenSecrets at:

 

http://www.opensecrets.org/pfds/search_cid.php

justiceleague00's avatarJustice League

This happen in June and again over the Labor Day weekend. The couple needs to haul Wells Fargo and the company that Wells Fargo contracted to court.

Here is more on the story:

But on June 1, a neighbor in Twentynine Palms called the Tjosaas family, asking if they had authorized people to clear out their home.

“We assumed it was a break-in and, really, it was a break-in,” Tjosaas said. “They weren’t legally supposed to be there.”

Tom Goyda, vice president of corporate communications for Wells Fargo Home Mortgage, told ABC News the company had foreclosed appropriately on another property near the Tjosaas house and the error was made when a contractor mistakenly went to the Tjosaas house instead of the correct house.

The Tjosaas home had actually never had a mortgage or lien on it because it was paid for in cash as it was being built about…

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“The solution now being considered is for municipalities to simply take ownership of the mortgages through eminent domain. This would allow them to clear title and start fresh, along with some other lucrative dividends.”

This makes much more sense and would allow the lost state pension and trust funds to be replenished.

Meanwhile, if the current administration were smart – they’d call a moratorium to foreclosures, evictions and deficiencies and investigate the massive amounts of bank frauds against the homeowners and enable the municipalities to get organized.

Ellen Brown's avatarWEB OF DEBT BLOG

Two landmark developments on August 16th give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain:

(1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a “beneficiary” entitled to foreclose under a deed of trust; and

(2) San Bernardino County, California, passed a resolution to consider plans to use eminent domain to address the glut of underwater borrowers by purchasing and refinancing their loans. 

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Foreclosure Woes Of The Rich And Famous

The depression of losing your home and the disruption to the family as a unit leaves a scar of shame thinking how could we have not seen the scheme? Maybe the thought that famous celebrities, who have “handlers”, agents, lawyers, accountants, and money managers also got run over by the foreclosure fraud bus driven by Wall Street banksters with a giant securitization Ponzi scheme will help to ease some of the pain. The fact of the matter is – we’re not alone. There are over 84 million American homeowners Continue reading

“MERS is not a “holder” under the plain language of the statute,” says the Supreme Court of the State of Washington

Finally, the Rule of Law is followed by the brilliant masters of the Washington state Supreme Court system. Yea! This ruling affects over 67 million MERS mortgages – whether in foreclosure or not.  As good as it is – there are still more facts that need to be adequately plead and addressed by the Court(s).

The Washington Supreme Court ruled unanimously today in Bain (Kristin), et al. v. Mortg. Elec. Registration Sys., et al., No. 86206-1 defining the statutes to determine that MERS (Mortgage Electronic Registration Systems, Inc. – the mortgage industry’s controversial document-recording system) was not entitled to be a beneficiary in Deed of Trusts and Continue reading

How Far From the Truth Will They Venture to Go?!

New York Times Opinion Pages printed an article by Joseph E. Stiglitz, a professor of economics at Columbia and Mark Zandi who is the chief economist at Moody’s Analytics. The story, “The One Housing Solution Left: Mass Mortgage Refinancing” started out by stating:

“MORE than four million Americans have lost their homes since the housing bubble began bursting six years ago. [Ed. note: On what planet have these fellas been living over the past 6 years?!Continue reading