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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Nothing is quite as dramatic a treat and reward to the banker sponsors of corrupt Pres. Barack Obama as last week's announcement of the appointment of Wall Street insider Mary Jo White as the new head of the Securities and Exchange Commission. After collecting almost a billion dollars in campaign contributions from Wall Street and the too big to fail banks, Pres. Obama really delivered.

As if all of the settlements to date weren't enough a reward for the rampant criminality, the ultimate reward is putting the biggest fox of all in charge of the henhouse!

The really ironic thing is the extent to which the news media generally bought into the deception of the White House spinmeisters that somehow Mary Jo White was someone to be feared by the banks. Only Jamie Dimon could have been a worse choice.

Last week's headline in the Wall Street Journal proclaimed "SEC Nominee Signals Shift". The only shift signalled was away from any remaining pretense that this corrupt administration has anything in mind other than rewarding the corrupt Democrats who run the major banks.

Only a handful of journalists are speaking the truth about this. One is Andrew Ross Sorkin at the New York Times:

"Nominee for ‘Sheriff’ Has Worn Banks’ Hat" (January 28, 2013, 9:35 pm)

The other is Matt Taibbi at Rolling Stone:

"Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House"

Almost every other reporter and news media outlet published the corrupt White House spin that somehow employing Morgan's favorite lawyer was signalling a tougher line for the banks. Wow! Anybody working on Wall Street got a real laugh out of that.

The most corrupt president in the history of the U.S. has now signalled that there will be no more enforcement against banks for the next four years! By the time he leaves office, the statute of limitations for the crimes of his cronies will have expired. But that was the entire purpose of electing him in the first place.
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Pres. Obama's principle backing in the 2008 election came from the crooked Democrats who were running the mortgage scams:

James A. Johnson

Rahm Emanuel

William Daley

The reason that they ran then Sen. Obama was to assure a coverup and immunity for all from prosecution. Pres. Clinton had orchestrated the takeover of both Fannie Mae and Freddie Mac during his presidency and protecting Pres. Clinton's appointees and their co-conspirators from prosecution was the single most important political priority after the collapse.

Appointment of Mary Jo White completes the coverup!
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Any Rogues Gallery of the corrupt Democrats behind the Subprime crisis and financial meltdown must necessarily include Pres. Barack Obama's close personal friend Gov. Deval Patrick of Massachusetts:

Patrick is another of the clique of Democratic insiders who parlayed his Democratic political connections into a career as a predator.  Like some of the others noted above, he is from the Chicago political clique that profitted handsomely after Pres. Clinton moved his cronies into key positions to loot the American banking system.

"From 2004 to 2006, he served on the board of directors of ACC Capital Holdings, the parent company of Ameriquest and Argent Mortgage.  He joined the board at the request of Ameriquest's founder Roland Arnall.  Deval Patrick was one of five board members of ACC Capital Holdings until he resigned in 2006.  During his tenure on the board, Ameriquest and Argent originated over $80 billion dollars in subprime mortgages."

If you were amongst the victims of Ameriquest and Argent, realize that the loss of your home was simply a part of the strategy of eliminating home ownership in the United States while creating an Uber-class of Democratic billionaires who will ulitmately suspend the Constitution and create a Leninist Dictatorship.  There is nothing accidental about what happened.

If you are at all in doubt about Pres. Obama's agenda, also take a close look at Eric Holder's resume.

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