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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Stephen

The Fed has injected billions into the housing market in the past two days.  Bought up a bunch of bad loans.  No choice, I guess.  But does that mean the slimy brokers and loan agents and realtors and appraisers will pay no price for the mess they created?  Now the real test begins.  Tazpayers have paid for their crimes.  Who's going to reimburse the taxpayers and put the entire real estate and mortgage industries in jail.  Disgusting.

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Anonymous
How did taxpayers pay?

The Fed injection of money has nothing to do with taxpayer funds.


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Stephen

Where did the $300b injected into the banking system today come from?  Donations?

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4 justice now
I'm with Stephen... I too, would very much like to hear how this money was somehow provided at no expense to the U.S. taxpayers. 

Oh, I know, it was provided by the Tooth Fairy, or maybe even Santa Claus! Or better yet it came directly from Ocwen's CEO, William C. Erbey and his wife Elaine, because they have decided to sponsor a: "Forgive Us the Greedy Bastards" fund raiser. 

And just to show that they're really not that bad at all, they generously donated the $4,000,000.00, 3,850 square-foot Kirkland House Condominium penthouse in Palm Beach they purchased just a few years ago.

Never mind the fact that most people belief that it was funded with monies which, were likely obtained through the extortion and fraud of honest and hard working American homeowners and their families, who are now by-the-way homeless.

Yes, I'll bet that right now while this is being posted, Larry Litton, his Son and all the other MS Fraudsters will be jumping on the "FUGB" Bandwagon just so they can have the opportunity to say: We love American tax payers.

The above statements are strictly based on my own opinion.

R,

4J


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arkygirl
Anonymous, the bailout has EVERYTHING to do with taxpayers.

The bailouts don't come from tax receipts directly; the Fed will print money to support the markets and help the Plunge Protection Team work. When the Fed printing presses roll, every dollar in taxpayer's pockets is devalued immediately, and inflation creeps up on us. This devaluation makes all our savings worth less. Interest rates rarely keep up with inflation so people stop saving.

We lose just as surely as the gamblers on Wall Street when the PPT goes into action. Inflation is another "tax" imposed by our buddies at the Fed. And it keeps these crooked companies in business.

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anon2

Q: Why did the Federal Reserve System pump $38 billion into credit markets on Friday?

A: The Fed acted to defend the current interest-rate structure. Its benchmark federal funds rate, which influences consumer and business loans, is set by market forces and had risen to 6 percent Friday morning. That's well above the 5.25 percent target that the Fed's policy-making Open Markets Committee had set Tuesday. The Fed move brought the federal funds rate back to previous levels.

Q: How did its action help banks?

A: In the United States, Europe and Asia, central banks fear that lending might cease because lenders are increasingly afraid to take risks in today's volatile environment. The Fed's action, along with similar moves by the European Central Bank and others, tells banks that money is available if it's needed to ensure that overnight bank lending and other routine transactions can continue.


In other words the Fed acted to pump money into the system to halt the tanking of the markets. Of course it is our money. Its our money that pays the salaries the salaries of all our esteemed elected officials. Its our money that paid for the mortgages. Its our money that pays for all the goods and services from automobiles to plasma tv's to coal mines. Its our labor that creates the goods and services that is the life blood of Wall street. Put it this way they wouldn't exist without us. Yeah I know that is real radical but it seems a few people forgot this.
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.

The Federal Reserve isn't part of the US Government.

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Stephen

?????????.

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harleys
Federal Reserve Act
Dispersed throughout 12 USC; ch. 6, 38 Stat. 251 (December 23, 1913)

To read more than you likely will ever want to know about the Federal Reserve, go to http://www.federalreserve.gov (and note the .gov part)

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harleys
Here's the press release:

Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: August 10, 2007


For immediate release

The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial markets.

The Federal Reserve will provide reserves as necessary through open market operations to promote trading in the federal funds market at rates close to the Federal Open Market Committee's target rate of 5-1/4 percent. In current circumstances, depository institutions may experience unusual funding needs because of dislocations in money and credit markets. As always, the discount window is available as a source of funding.

2007 Monetary policy

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The Fed is up to it's same old tricks Bernanke claimed inflation was greater concern than the sub-prime crises so the Fed left the rates the same. The Fed has no reserves it has the treasury print it or creates it though a ledger entry. So Bernanke created inflation by creating more money, and made the claim he left interest rates alone due to inflation fears.

Economics 101 here, Inflation: to many dollars chasing to few goods.

Congratulations to keep the heat of the criminals who arranged the sub-prime crises for profit Bernanke decided to give us stagflation instead of resolving the crises the most dangerous economic condition of all. He's letting the economy contract, covering up the sup-prime money laundering and creating inflation by printing more money. The worst possible move the Fed could have made.

By the way the Fed was formed by oil, steel, and banking interests to fund and profit from Wars starting with WWI. Oil profits skyrocket during wars as the demand increases as the supplies are cut off due to war, the steel profits are self explanatory, guns, ships, trains, planes etc for the war machine.

The Fed is secretly owned by private owners and is never audited, the government function is to enforce public acceptance of a private for profit corporation running our economy and supplying our money.

The whole idea of central banking using fiat money was to escalate the European wars and create full time standing armies to be paid for though credit over time.

In other words start shooting now and make not so easy interest payments later.

The paper fiat money war for profit model is the reason the majority of the white Europeans came here as debt slaves (indentured servants paying off war debts)

The main reason for the U.S. revolution in the first place was to be able to coin money free from a central bank.






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.

The Federal Reserve is not secretly owned. It's owned by the banks.

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"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

"Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

"These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. "Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.

"In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.

"We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the "King's Bank" to control us from the top downward, and from the cradle to the grave.

"The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.

 

Excerpts from Congressman McFadden's Congressional speech 1934

It may be public record the 12 governors and banks and member banks but who started and has controlling interests in the Fed.

The general public believes the lending and servicing transactions of ms fraud are are honest and upfront and legal you can get their accounting records, ownership records, business licenses all sorts of official public records. You can even go to their official offices but obviously they are crime ring, as the public records do not match their actions of intentions. A notable exception would be privately owned Ameriquest and subsidiaries.

This is the excuse the Senate foreign relations committee used to get Roland Arnall out of the country that since he was the sole owner of Ameriquest he had no responsibility for it's actions and no way to have knowledge of it's operations.

Really if you or I were running a drug smuggling operation out of our homes would bunch of Senators get up in front of a Senate meeting and state that we were innocent and had nothing to do with the drug smuggling operation since we personally owed the drug business, the drugs and the home the operation was run out of.

Many people believe at face value what Senators, Congressman, Presidents etc. say just because they assume they must be credible and never stop to wonder if what they said was true or if their are any facts to support their statements. If you review many of these statements you can clearly see they are as patently outrageous and off the wall as the statement Roland Arnall has no responsibility for his company because he fully owns it, which makes as much sense as telling someone you just drove to Hawaii on vacation.

Notice the radical disconnect between crooked politicians statements and the reality of financial criminals operations who finance the crooked politicians campaigns. It's quite simple really the financial criminals steal our assets and they line the governments pockets and pay for politicians campaigns.

Why would the politicians tell the truth and expose the criminal money trail if they are dependent on it? We are all responsible for investigating politicians claims and holding them accountable for their actions or we suffer serious consequences such as the massive government sponsored (or at least permitted) property seizures though ms fraud.

At the very least the Fed is responsible for maintaining lending and monetary integrity it is not their job to cover up crimes. Using the Feds Docs and statements to determine their integrity or purpose is like asking the wolf to guard the hen house. Many government officials want The GSE's Fannie and Freddie to clean up this mess no kidding because they were involved in it they can just cover up the crime trail. Other politicians want the taxpayers to bail out the poor lenders, how nice let them keep the money they stole from the taxpayers and have the taxpayers cover their losses, and make sure the lenders are not on the hook for the damages they caused.

Thomas Jefferson, Abraham Lincoln and many other said the private banks and corporations posed a greater threat to peoples freedom than armies and now we can see it is true.


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Greg, thanks again for being our Historian!  good find,

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4 justice now
SECRETS OF THE FEDERAL RESERVE
 

Introduction

Here are the simple facts of the great betrayal. Wilson and House knew that they were doing something momentous. One cannot fathom men’s motives and this pair probably believed in what they were up to. What they did not believe in was representative government. They believed in government by an uncontrolled oligarchy whose acts would only become apparent after an interval so long that the electorate would be forever incapable of doing anything efficient to remedy depredations.

JEFFERSON’S OPINION ON THE CONSTITUTIONALITY OF THE BANK

February 15, 1791

(The Writings of Thomas Jefferson, ed. by H. E. Bergh, Vol. III, p. 145 ff.)

The bill for establishing a national bank, in 1791, undertakes, among other things,--

1. To form the subscribers into a corporation.

2. To enable them, in their corporate capacities, to receive grants of lands; and, so far, is against the laws of mortmain.

3. To make alien subscribers capable of holding lands; and so far is against the laws of alienage.

4. To transmit these lands, on the death of a proprietor, to a certain line of successors; and so far, changes the course of descents.

5. To put the lands out of the reach of forfeiture, or escheat; and so far, is against the laws of forfeiture and escheat.

6. To transmit personal chattels to successors, in a certain line; and so far, is against the laws of distribution.

7. To give them the sole and exclusive right of banking, under the national authority; and, so far, is against the laws of monopoly.

8. To communicate to them a power to make laws, paramount to the laws of the states; for so they must be construed, to protect the institution from the control of the state legislatures; and so probably they will be construed.

I consider the foundation of the Constitution as laid on this ground--that all powers not delegated to the United States, by the Constitution, nor prohibited by it to the states, are reserved to the states, or to the people (12th amend.). To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power, no longer susceptible of any definition.

The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States by the Constitution.

http://www.whale.to/b/mullins1.html


Quite interesting read, if you have the time.

r,

4J
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Thanks Gary I appreciate the work you do hunting down the financial criminals from the insurance aspect. In school I was bored by all this history, like most of us probably were, but now when you read though it again it's surprising how much was said about financial fraud even before the revolution, and how much evidence there is in public records even the governments own records.

I appreciate the work Nye does as well in tying the whole financial trail together we all pick different aspects of this fraud ands it's all important information we never know just which issue it will be that will bust these crooks. I thank everyone for the work they do fighting these crooks Jack, Ann, Arkygirl, Stephen, Dianne, and everyone else. Perhaps some judge will order the servicers and lenders to an audit over something that seems minor to us like a misapplied $10-$15 charge or we'll get criminal charges on something major like a tax or insurance fraud. Like you told me Gary it was an accountant that busted Al Capone.


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