Saturday, November 27, 2010

The Quants: Alchemists of Wall St.& Their Role in the Mortgage Meltdown

Housing Loan Scam Takes Toll on NIFTY


DTC Systems Workshop

Daily v. 1st National Bank

I have since learned that the findings in this case were almost immediately over-turned by the higher courts. Apparently, it is ok for the banks to create $$$ out of nothing, loan it to us and keep us all forever in their debt paying interest back to them for giving us the "loan." It is our interest payments on those "loans" (creation of debt) making the bankers rich. Money IS debt and debt IS money today.

*Update: This case was almost immediately over-turned, making the creation of $$$ from nothing ok

Thursday, November 11, 2010

Congress Getting Ready to Legitimize MERS??!!

Retroactively? Say it aint so!

After years of negative judicial decisions about the use of a straw-man on mortgages, MERS was about to lose its existence as well as its credibility. But now all of that is set to change as Wall Street money is pouring into the coffers of those who are receptive (i.e., almost everyone in Congress). The legislation is already being drafted under the interstate commerce clause to ratify MERS and everything it did retroactively. It appears that the Obama administration is ready to pardon all the securitization deviants by signing this bill into law. This information is corroborated by several people who are in sensitive positions — persons who would be the first to know such proposals. Fortunately, there are some people in Washington who have a conscience and do not want to see this happen.

Besides the obvious seediness of this maneuver, it runs roughshod over state property laws, and the rights of investors, homeowners and borrowers. It amounts to a permanent installation of a Federal system that supersedes the county records for recording property rights. Off-record comments I’ve heard from people in power are outraged at this assault on states’ rights. But these people are not legislators, who are getting promises larger than anything in your imagination, if they will support such a bill. It might be couched as a uniform law to be adopted by the states to get around the states rights issues, but it will permanently remove some of the power over property that lies solely within the jurisdiction of the states and place it preemptively within federal jurisdiction.

All of this is scheduled to happen during the lame duck session of congress between now and the end of the this year, 2010. That means in a manner of days, some bill that may look like it has nothing to do with property, mortgages or foreclosures is going to have attached to it a provision whose effect will go even further than the notarization bill that went through Congress like S–t through a goose and almost got signed by the President. We caught that one AFTER it was passed by Congress unanimously but before Obama signed it.

We announced it as an attempt at a presidential pardon to all those who committed crimes in the notarization of documents that were fabricated and forged, all those who committed forgery and perjury and all those who created counterfeit documentation that was presented to courts as original documents.

This time we got the information, we think, before it was stitched into some innocuous looking bill. If we don’t find it and block it, the plight of homeowners will get that much worse.

By-Passing County Fees May Cost Banks Now

Courts Helping Banks Screw Over Homeowners

Wednesday, November 10, 2010

Robo-Signer Getting Grilled

Meet one of the Big-Banks Robo-Signers, who signed his name as vice-president of 20 different banks in the Mortgage Backed Securities Scams;

Monday, November 1, 2010

MO Attorney General gives homeowners "tool kit" to fight foreclosure

KMOX-CBS St. Louis, November 1, 2010, 4:28 pm

ST. LOUIS–(KMOX)–Missouri Attorney General Chris Koster is offering consumers facing foreclosure a way to fight back. Koster has compiled a "tool kit" of information on his website — including a form letter consumers can send to their bank demanding proof of proper paperwork for the foreclosure to proceed.


This is a great web site for information, whether you're from Missouri or not.

The page with the form letter you can use to get demand proof of paperwork from you lender is at: