If you do nothing else this weekend – PLEASE read this post.
If you are a Legislator –
this is imperative to your better understanding of the current foreclosure crisis
and why your Attorney General should NOT sign the servicer settlement agreement
Yes, it’s long – it’s factual, hang in there and you’ll learn what you need to know.
WARNING: Attention homeowners: Do not read this post as legal advice. Although the information in this post is true, securitization fail, even of your loan, will not typically prevent the bank from foreclosing on you, unless you have a good lawyer. Even then, realistic end game is a sustainable modification, not a free house. More after the post. Continue reading →
If anyone doubts why the Governors in all 50 states should not allow their Attorneys General to sign the Multi-State Bank Settlement then take the time to listen to Delaware Attorney General Beau Biden in this MSNBC interview with Alex Wagner. CLICK HERE for Interview
Banks “who engaged in fraudulent behavior should not be granted criminal or civil immunity for potential wrongdoing related to illegal mortgage and foreclosure practices…the Federal Government and State attorneys general should proceed with full investigations into claims of fraudulent behavior by the banks” CLICK HERE for video. Continue reading →
If Paul Revere were alive today he would be riding through the town warning “The REMICs have failed!” However, the government these days would go, “Shhhhhh!”
Most average homeowners have no idea what a REMIC is – actually most attorneys have no clue …. so, you know many of the Judges are completely in the dark. REMICs are a form of IRS tax shelter sold to investors as part of the mortgage-backed securities package (Real Estate Mortgage Investment Conduit (“REMIC”) pursuant to I.R.C. §§860A-G).
Dylan Ratigan has been a powerful journalist in the investigative media exposing the frauds and government mismanagement of the Wall Street Ponzi scheme that lead to the worldwide financial collapse. Delaware AG Beau Biden is the most recent of attorneys general to file a lawsuit on behalf of the homeowners in Massachusetts against MERSCORP, Inc. Ratigan’s interview with AG Biden identifies the significant issues that ALL attorneys general (including Hawaii) should be considering.
As most of us are aware – it’s about time that MERSCORP, Inc. became the thrust of the AG’s investigations. It’s also about time that JUDGES started reading up on the lawsuits against MERSCORP, Inc. and it’s “straw man” empty shell entity Mortgage Electronic Registration Systems, Inc. and quit giving them a free ride. STOP making BAD law thinking you are protecting your pension and retirement funds – THEY ARE GONE!
(CNSNews.com) – Vice President Joe Biden said Wednesday that “people died” and “people’s homes burned to the ground,” because the Bush administration allowed “God-awful Ponzi schemes” on Wall Street.
Speaking at a rally to promote a piecemeal provision of President Obama’s jobs proposal, Biden told police and firefighters that the budget shortfalls of state and local governments were not attributable to state and local governments.
“Those of you know it’s not really the fault of your mayor or your government,” the vice Continue reading →
And here’s the second half of Sunday’s program of Up/Chris Hayes on MSNBC, in which VP Biden’s son, Delaware Attorney General Beau Biden, weighs in on the big banks… This is a awesome interview – AG Biden and Chris “Get it”. Click here for interview.
Attorneys General Eric Schneiderman (D-NY) and Beau Biden (D-DE) “are investigating Wall Street’s bundling of these loans into securities to Continue reading →
New York State Attorney General Eric Schneiderman may go down in history as the most important public official in reforming the corrupt financial system that caused the great Financial Crisis of 2008 and holding the perps responsible — if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration to give Wall Street a “Get Out of Jail Free” card.
Eric Schneiderman has played a key role in the investigation of foreclosure fraud and robo-signing by 50 state attorneys general against JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Ally Bank. Reportedly, most of of the attorneys general — Continue reading →