Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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H Gosh
So, now that we have bailed out AIG, when will an investigation begin into the interplay of insurance on "defaulted" notes?  We have been asking this question for years - when will we receive an answer??
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The bailout is Unconstitutional. The government allowed and in many cases even assisted these criminals in looting our country and now they further punish the citizens by forcing them to pay the bills of the crooks. In one respect it is the citizens who broke the law by failing to force the government to protect property rights and enforce laws against financial fraud and money laundering, but breaking the law to punish lawbreakers is a case of two wrongs making a right.

The current mess we are in occurred because the government (the people) refused to hold the crooks responsible for the S+L crises so Phil Gramm, Allen Greenspan, and the Clinton's cooked up a scheme to artificially boost the economy by using our mortgages and equity as the fuel for a nationwide speculative lending, Wall street based massive quadrillion dollar Ponzi scheme. Our government allowed the mortgage Mafia to use our mortgages as gambling money to facilitate a quadrillion dollar money laundering scheme.

Andrew Fastow of Enron fame while at Continental Illinois cooked up a scheme to convert mortgages into securities to create off the books profits, the pattern was then duplicated and applied to our whole entire financial system has become a massive money laundering criminal enterprise with Fannie and Freddie holding half the notes that back the scam. There may be many out there that think it's funny the citizens allowed banking criminals to literally steal the whole country or at least strip the majority of our equity but it won't be to funny when we lack the funds to fund the military, or pay for social services we are currently even if unlawfully dependent on.

When we don't stick up for the rule of law and others rights then we are all subject to tyranny. We can't sit back and watch a criminal loot our neighbors home and expect to come home and see our home safe. As a nation we seem to only want to deal with issues that affect us personally and since ms fraud and related financial fraud did not seem to affect them personally they let us get robbed and thrown out in the street, the average person did not realize the entire economy was being looted and it has devalued our dollar, cost us jobs, chewed up retirement funds, and created a grave security risk as foreign interest will now call the shots of our government, businesses, jobs, homes etc. So the people who thought it was funny to see us lose our homes have put a noose around every-ones necks including their own.

The economy has to be allowed to collapse and rebuild, it's the law and the only responsible way to attain a sustainable stable economy and lending system. It's off the wall lunacy to pay the crooks for stealing, and even more insane not to throw the politicians, and enforcement agents in prison for treason. We would go to jail for kiting checks, or even stealing a loaf of bread from a Wall mart, yet we allow the politicians and banksters to commit treason and literally auction off our country to foreign interests and get away with it? Every action has an equal and opposite reaction and we will reap what we have sown. The citizens are breaking the law by allowing the politicians to pay the banks and Wall street criminals to fail with our money.

The more we shore up the economic card house the harder it will fall. It's not right to force future generations to pay for our debt addiction and lack of moral standards.


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arkygirl
H. Gosh, we will NEVER get any investigation let alone an explanation.

The Fed with AIG has bypassed bankruptcy proceedings and made itself the presider over liquidations, plus it has taken control of the company with the loan.  It is replacing even the Resolution Trust type of workout; in other words, it does not even try to hide itself anymore.

Since Congress is the elected government and it appears nowhere in the bailout equation (other than to have been stupid enough to give Paulson the bazooka he swore he would never use) I assume that the United States is being openly handed over to the bankers now. Bankers never admit fault or error. So, no investigation, no explanation. The Fed owns the biggest companies in America now. By default, they and this government own all of us and our future generations.

All that Greg said is true but immaterial now. There are no "civilized" ways left to reverse this. Elections are shams and scams. Courts are worse. Law enforcement no longer "protects and serves" the public; they protect and serve the elites as evidenced by their behavior at the conventions. Open your mouth in protest and get slugged and dragged away. Free speech is dead because we are all being spied upon.

9/11 was America's Reichstag fire. The American power brokers of the day had studied Hitler's playbook and knew how to exploit the tragedy fully. If you read this small series of articles at this link you will find an eerie similarity between the rise of Hitler and Nazi Germany and what is going on in the US right now.

They are not quite finished with us yet, but it is very close now. Our liberties grow fewer by the day, our Constitutional protections are almost gone. We are watching an economic coup in America. Those who control the money supply control the country. So has it ever been throughout history and humans learn nothing from their past. It is our greatest weakness.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 "Democracy was ended. They had brought down the German Democratic [United States Constitutional] Republic legally. From this day onward, the Reichstag [9/11] would be just a sounding board, a cheering section for Hitler's [Bush's] pronouncements."

"Under Hitler [Bush], the State, not the individual, was [is] supreme."

http://www.historyplace.com/worldwar2/riseofhitler/burns.htm







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www.GiveMeLiberty.orgwww.GiveMeLiberty.org
September 18, 2008
WTP Brings Federal Lawsuit to Stop AIG Bailout

U.S. Lacks Constitutional Authority for Loan


On the day following the 221st anniversary of the signing of the U.S. Constitution, WTP Chairman and constitutional activist Robert Schulz today filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of American International Group, Inc. (AIG) by the United States Government and the Federal Reserve.

The lawsuit asserts that the commitment of public funds and credit for the direct benefit of privately owned AIG is an ultra virus action by the United States Government and Federal Reserve, i.e., beyond the limited legal authority granted by the Constitution. The lawsuit asks for a "show cause" hearing demanding that the Government produce evidence of its legal authority to commit public funds for such a purpose, as well as emergency and permanent injunctions halting the bailout transaction.

Beyond the Constitutional deficiencies, the bailout establishes a dangerous precedent enabling the Fed and/or Government to nationalize virtually any business or property within the United States without legal authority or congressional approval.

The defendants include the Federal Reserve System, Fed Chairman Ben Bernanki, the U.S. Treasury, Treasury Secretary Hank Paulson Jr. and the United States Government. 

The WTP Foundation today issued a press release citing Schulz:

"Beyond the moral hazard and dangerous precedent established by this action, it is of vital importance that the American people recognize that the present financial crisis is a direct and predictable result of decades of constitutional violations by the Federal  Government.  Through a long-standing policy of disinformation and collusion with the Federal Reserve and Wall Street financial elite, the United States Federal Government has denied public access to information about the secretive operations of the privately owned and operated Federal Reserve and its monopoly control of America's money system. 

"This monopoly control of our currency by a private banking cartel has resulted in increasing distortion, volatility and cyclical (boom and bust) economic conditions in the U.S. and abroad.  America's fiat currency (produced from thin air) is manipulated by the Federal Reserve for the benefit of its owners, major Wall Street financial institutions and the Federal Government and is not unaccountable to the taxpayers. These abuses of the Constitution have taken our financial system to edge of the abyss. The chickens have come home to roost."  

Click here to read the Complaint, the Memorandum of Law supporting the TRO, and Schulz's Declaration which includes several recent articles from the New York Times.

 

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AWESOME POST!

GREG,

I'm glad I'm not the only one who feels the way I do. If Mr. Schulz isn't an attorney he sure should be. Notice where he filed? Albany, Capital of NY...Where these banking corporations have most of their headquarters.

I'll be waiting to hear more on this!

GOD'S SPEED TO ALL OF US!

Kathy

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