Tag Archives: pension funds

TBTF HAS MET ITS WATERLOO

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Nov. 14, 2025 — With all this new talk about mortgage fraud and funding or selling Fannie and Freddie, it may be time to revisit where the mortgage fraud and fraudulent financial products started.

businessman-outdoor-puzzle-piecesThe recent lawsuits filed in the SUPREME COURT OF THE STATE OF NEW YORK,  COUNTY OF NEW YORK are the beginning of a long process unraveling the frauds created by a generation of “Younger Boomers” and “Now Generation” Wall Street bankster executives that expected immediate gratification.

These smart-asses didn’t take the time to ensure all the pieces to the puzzle fit before they began their filthy rich land grab operation, causing a lot of damage and red ink to America and the rest of the world. Their failures are your insurance to defeat foreclosure once you understand what is missing.      Continue reading →

UNJUSTICE – Chapter 4: LACK OF JURISDICTION

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UNJUSTICE
 A Sydney Sullivan Story
“Although inspired in part by a true incident, the following story is fictional and does not depict any actual person or event.” Photos throughout the fiction are to assist with your own imagination.

Ole stared directly at John G., “This is putting some bad law on the books, John – you can’t tell me this doesn’t bother you? I have to tell you both straight out that if I didn’t know about the pension fund issues, I’d think we’d look just plain incompetent… and I know some people are already saying that. We’re a pretty conservative community with a telegraph tree on the Internet. Every time I deny a homeowner’s foreclosure complaint it’s all over the social media. I’ve run out of creative ways to deny these homeowners and say, ‘you can appeal me, but you still have to move out, unless the appellate court gives you a stay.’ Now, you want us to go after a decent attorney just because he can’t be persuaded to quit his representation of homeowners?

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UNJUSTICE – Chapter 3: UNREASONABLE TARGET

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UNJUSTICE
 A Sydney Sullivan Story
“Although inspired in part by a true incident, the following story is fictional and does not depict any actual person or event.” Photos throughout the fiction are to assist with your own imagination.

John G. hesitated with a guilt-ridden stammer, “Louis Harding.” ‘Oh my God’ Ole thought, ‘there but for the grace of God go I.’

“You don’t mean “Saint” Louis Harding, do you?” questioned Carl. John G. raised his eyes, looked upward and nodded.  

“I worked with him in the Public Defender’s office. His nick name was “Saint Louis” because he was so pure… so honorable, I mean he should have been appointed to a US District Court judge position. Is this really necessary, I mean, isn’t there another way?” Ole asked. “We’re elected, not appointed – if this gets out we could get creamed in an election.”

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UNJUSTICE  – Chapter 2: SHARING SECRETS

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UNJUSTICE
 A Sydney Sullivan Story
“Although inspired in part by a true incident, the following story is fictional and does not depict any actual person or event.” Photos throughout the fiction are to assist with your own imagination

Whether it was the wind that day or the position between the camps, Erik and Howard could hear the entire conversation the judges were having. It was like the old well-known oddity of the placement of John Quincy Adam’s desk in the U.S. Capitol where he could hear everything people said — even whispers — from clear across the room. Normally, Erik and Howard wouldn’t hear anything coming from the judges’ camp. But today the word “foreclosure” peaked Erik’s hearing and he wanted to hear more.

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Paul Krugman Propaganda Fully Exposed and Debunked

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Paul KlugmanThe New York Times posted a Paul Krugman article “Sanders Over the Edge” criticizing Bernie Sanders that is obviously politically (and Wall Street) driven propaganda. What Krugman and the majority of politicians fail to realize is that the Wall Street banks created a new “non-traditional’ mortgage “securitization” that has directly affected over 180 MILLION Americans and indirectly affected 180 million more folks across the United States of America.

With that said the biggest failure that Krugman and his pals overlook is that American homeowners are wising up and researching exactly what has happened to their properties and precisely who was behind the scheme. Continue reading →

Chris Christie can’t afford to pay public teacher pensions… but still hands education megacorp $82m in subsidies

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Chris Christie can’t afford to pay public teacher pensions… but still hands education megacorp $82m in subsidies.

It’s not because NJ “can’t afford” to pay pensions – it appears its because NJ carelessly invested in fraudulent securities without thorough due diligence like nearly every other state in America. They gambled away the retirement funds of their employees.

In the NY Times today SEC Mary Jo White announced the use of Section 20(b) of the Exchange Act – indirect culpability … It’s time to grill the finance directors on who gave the orders to buy these crappy securities because they had to know (especially after 2004) that these were questionable investments. What promises were made by the investment banks in exchange for the pension fund investments?

Welcome to Freddie and Fannie’s Mortgage Shell Game

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By Shawn Timothy Newman, J.D.
Adjunct Professor
Saint Martin’s University

Wheres-the-NoteIn common parlance, a mortgage (or Deed of Trust) includes the underlying loan (promissory note) and the security on that loan (mortgage or Deed of Trust). This ignores the fact that the note and mortgage (or DOT) are two separate contracts governed by some different laws and legal principals.

As noted in Powell on Real Property, sec. 37.27 [2] (Michael Allan Wolf ed., LexisNexis Matthew Bender 2010)  Continue reading →

Your Mortgage Documents Might be Fake!

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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 →

Grotesque Plan for Detroit: Fleece Working People to Save the Banks

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Hands-off-our-Pension-June-10Municipal workers could be robbed of pension funds to pay big banks for payments due on interest rate swaps.

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, the depositors were “bailed in” (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks.

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Theft is Legal for Big Banks – and Your Money Will Never Be Safe

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The new rules for keeping too-big-to-fail alive: use creditor funds, including uninsured deposits, to recapitalize failing banks.

falling_dollar-410x350April 29, 2013  | “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “ Caveat Depositor”

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus.  Similar “bail-in” policies are now appearing in multiple countries.  (See  Continue reading →