Real or Imaginary
The FHFA Suits
Ally Financial Inc. f/k/a GMAC, LLC Bank of America Corporation Barclays Bank PLC Citigroup, Inc. Countrywide Financial Corporation Credit Suisse Holdings (USA), Inc. Deutsche Bank AG First Horizon National Corporation General Electric Company Goldman Sachs & Co. HSBC North America Holdings, Inc. JPMorgan Chase & Co. Merrill Lynch & Co. / First Franklin Financial Corp. Morgan Stanley Nomura Holding America Inc. The Royal Bank of Scotland Group PLC Société Générale
In reviewing the lawsuits filed by the Federal Housing Finance Agency against the seventeen (17) banks, questions must be asked. Why was there no mention of MERS? Why was there no mention of non compliance with state recordation laws? The most dangerous question is why there was no mention of oxymoronic electronic tangible negotiable instruments? Are these blundering oversights due to the FHFA’s attorneys’ ignorance, or is it legal posturing intended to mislead and appease the masses? This lawsuit gives the false impression that Elliot Ness is on the job, but it appears that on the inner sanctum of the FHFA legal team, serious inquiries are banned, even ones as harmless as by Inspector Clousseau.
Attorneys know, and many non lawyers know, standing is required to invoke the court’s jurisdiction. Also known, to seek equitable relief in a court of equity one must have clean hands to seek equity.
To the average American Persons, these suits most likely would appear to look like the real deal.
Where MERS is used in place of public records, millions know the MERS registry was not a lawful substitution for public records. Non compliance with state recordation laws has resulted in losses of billions of dollars to the nations counties. The suits appear to this author about the same as the last two sentences would appear too many readers, an attempt to divert attention from truth and fact.
Fannie Mae and Freddie Mac both have published guidelines that third parties must follow to meet the purchasing requirements of the GSE’s. Following these published guidelines did not meet the legal compliance of many state laws. Fannie Mae and Freddie Mac were both placed into conservership under authority of the Federal Housing Finance Agency.
Some have referred to part of the housing crisis as being Housing-gate, named derived from the Watergate cover up. People, just like attorneys know that a case of this magnitude will take years to be fully adjudicated in the court system. FHFA has filed suit as conservator for Fannie Mae and Freddie Mac, the attorneys that filed the suit should have known that Fannie Mae and Freddie Mac had unclean hands and with Fannie Mae and Freddie Mac having unclean hands a judge would have a method to dismiss the case with no funds being conveyed. Since the case would be dismissed somewhere in the future and in the eyesight of the taxpayer no one would be able to claim a cover up. As MERS is one the hottest topic in the land, one could not believe the lawyers would be so ignorant to as not include MERS.
Ignorance, cover up, corruption, this author hopes each person can reach their own conclusion.
Again, greed people are trying to shove lousy paper upon the American People/Taxpayer. Hey, White House, Congress, and Law Enforcement, not all Americans are deaf, dumb and stupid.