Showing posts with label foreclosures. Show all posts
Showing posts with label foreclosures. Show all posts

Wednesday, November 07, 2012

Operation Mindfuck?

If there ever was a mindfuck--something that intentionally destabilizes, confuses or manipulates the mind of another person--this is it. Because nothing adds up, and maybe that's the point...I don't know. It involves a lawsuit (first press release supposedly April 23, 2012, but that link is no longer valid) alleged to involve the largest money laundering network in U.S. history, $43 trillion dollars taken from American taxpayers in banking schemes, a major news outlet, and murdered children.  Read on and see if you can make sense of this mindfuckery.

Not even one day after the mainstream news organization, CNBC published "Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury," CNBC executive Kevin Krim's two children were found murdered. viciously stabbed to death, supposedly, by the Krim family's 50-year old nanny Yoselyn Ortega, who was also found with what is being reported as "self-inflicted" stab wounds.  The mainstream story goes, she slit her own throat right after she stabbed the Krim children. 

Now, despite the mainstream reporting of the largest money laundering and racketeering lawsuit in US history, said to involve the most powerful people in the world, it could very well be a "frivolous law suit," that will fizzle out before it even gets started because the law firm, "Spire Law Group" may not be on the up and up. Perhaps this is an intentional effort to smear legitimate grievances against banks and their predatory lending practices. Who knows?  But then we have the murdered children of the  senior vice president of the mainstream news source occurring within hours of the press release.

Although, I certainly can't commit to a conspiracy here, as correlation does not necessarily indicate causality--granted the correlation here is very thin-- the inconsistencies and anomalies in this story alone, abound. Such as, why did the corporate-owned media automatically assume the nanny stabbed herself from the start? Suicide by slitting ones own throat is extremely rare, less than one percent of all suicides, primarily committed by men with military experience.  And as far as women are concerned, it's almost unheard of.

As for inconsistency, check out the conflicting reports from the NY Times:

10/25/12

"When Ms. Krim returned around 5:30 p.m., the commissioner said, she found a dark apartment. She went back down to the lobby to ask the doorman if he had seen the nanny and her children. When told that they had not left the building, she returned to the apartment. She looked around in the quiet rooms. Finally, she turned the lights on in the bathroom — and discovered her two children in the bathtub and the nanny unconscious on the floor.
10/26/12
"On Thursday evening around 5:30, Police Commissioner Raymond W. Kelly said, Marina Krim returned to her Upper West Side apartment with her 3-year-old daughter to discover her two other children, a 2-year-old boy and a 6-year-old girl, dead of knife wounds in the bathtub and Ms. Ortega slashing herself with the same bloodied kitchen knife used on the children.
Of course, police have released very little information other than they have no idea why the nanny did this as she was reported to be a "caring nanny."
"The superintendent of the building where Ortega lives said that the nanny is “a very nice woman” and “very religious,” continuing, “To me, she has always been very, very stable.”
Then, there's this: Three hours before these murders were reported, there were NYPD reports of a HOSTAGE SITUATION at the Krim's address involving at least two adults and three children.
NYCityAlerts @NYCityAlerts
Manhattan: *Hostage* 57 West 75 St Barricaded perp stabbed holding hostage 3 adults  2 kids, ESU enroute Level 1 mobilization called.NY03
2:42 PM - 25 Oct 12 ·

NYCityAlerts @NYCityAlerts
Manhattan: *Multiple Stabbing* 57 West 75 St. NYPD advising perp stabbed 4 victims   then stabbed himself, EMS requested on a rush. NY03
2:50 PM - 25 Oct 12 ·

NYCityAlerts @NYCityAlerts
Manhattan: *Multiple Stabbing* 57 West 75 St & Central Park West. EMS o/s advising 2 pediatrics in traumatic arrest. NY03
2:55 PM - 25 Oct 12 ·
Here is some more information about the lawsuit from the Wall Street: Journal (linked above):
"NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests.

In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) - involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver - Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former "communications director" for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the "Banksters" themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.

In the District Court lawsuit, Spire Law Group, LLP -- on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws -- has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the "Banksters" and their co-conspirators, seeking an audit of the Fed and audits of all the "bailout programs" by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other "bailout money" advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the "Banksters" criminally, and indeed is actively borrowing monies for Mr. Obama's campaign from these same "Banksters" to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the "Bankster" Defendants.

The complaint - which has now been fully served on thousands of the "Banksters and their Co-Conspirators" - makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future.

The Havens for the money laundering schemes - and certain of the names and places of these entities - are located in such venues as Switzerland, the Isle of Man, Luxembourg, Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran, and are also identified in both the United Nations and the U.S. Senate's recent reports on international money laundering. Many of these entities have already been personally served with summons and process of the complaint during the last six months. It is now beyond dispute that, while the Obama Administration was publicly encouraging loan modifications for home owners by "Banksters", it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners' and taxpayers' money during the last decade and then laundered it through offshore companies.

This District Court Complaint - maintained by Spire Law Group, LLP -- is the only lawsuit in the world listing as Defendants the Banksters, let alone serving all of such Banksters with legal process and therefore forcing them to finally answer the charges in court. Neither the Securities and Exchange Commission, nor the Federal Deposit Insurance Corporation, nor the Office of the Attorney General, nor any State Attorney General has sued the Banksters and thereby legally chased them worldwide to recover-back the $43 trillion ($43,000,000,000,000.00) and other lawful damages, injunctive relief and other legal remedies.

James N. Fiedler, Managing Partner of Spire Law Group, LLP, stated: "It is hard for me to believe as a 47-year lawyer that our nation's guardians have been unwilling to stop this theft. Spire Law Group, LLP stands for the elimination of corruption and implementation of lawful strategies, and that is what we're doing here. Spire Law Group, LLP's charter is to not allow such corruption to go unanswered."

Comments were requested from the Attorney Generals' offices in NY, CA, NV, NH , OH, MA and the White House, but no comment was provided.
Links:

Derivatives: The $600 Trillion Time Bomb That's Set to Explode

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Tuesday, August 02, 2011

Banksters Bulldoze Homes While More Americans Live in Tents.

What's the difference between banksters and gangsters?

Well, according to Dylan Ratigan, the difference between banksters and gangsters is that banksters have the government behind them: "the ‘vampire' banks ‘have assumed control of our government." In other words, government sanctioned theft.

And, so it goes.  With more than 1.7 million homes in foreclosure, and more to come, Bank of America, Wells Fargo, JP Morgan, Fannie Mae, etc. discovered a new way to foreclose: bulldoze!
Increasingly, it appears that banks are turning to demolition teams instead of realtors to rid themselves of their least-valuable repossessed homes. Last month, Bank of America announced plans to demolish 100 foreclosed homes in the Cleveland area. The land will then be donated to local government authorities. BofA says the donations in Cleveland are part of a larger plan to rid itself of its least-salable properties, many of which, according to a company spokesperson, are worth less than $10,000. BofA has already donated 100 homes in Detroit and 150 in Chicago, and may add as many as nine more cities by the end of the year.

Meanwhile, desperate and destitute U.S. families are building tent cities , as they fall victim to the bankster created economic crisis, forced to live in makeshift homes in forest
In scenes reminiscent of the Great Depression these are the ramshackle homes of the desperate and destitute U.S. families who have set up their own 'Tent City' only an hour from Manhattan.

More than 50 homeless people have joined the community within New Jersey's forests as the economic crisis has wrecked their American dream.

And as politicians in Washington trade blows over their country's £8.8 trillion debt, the prospect of more souls joining this rag tag group grows by the day.

Building their own tarpaulin tents, Native American teepees and makeshift balsa wood homes, every one of the Tent City residents has lost their job.

Read more...

Wednesday, December 08, 2010

The Super Rich Do Not Drive the Economy...They Drain the Economy. Isn't it Obvious?

A nationwide poll by the EARN Research Institute, revealed that more than half (54%) of all Americans, across all income brackets, do not  have a financial safety net. Another 43% said they would have to tap into retirement savings should they lose their income for three months or more.
A nationwide poll commissioned by the EARN Research Institute, revealed that more than half (54%) of American households across all income brackets do not feel they could meet their basic financial needs if income was disrupted for three months or more. Among low-income families (defined as those with annual household earnings of $35,000 or less), that figure rises to 64%.

“As the recession continues unabated, it has become bracingly clear that America’s families do not have the means necessary to weather long-term financial adversity”

This latest poll from the EARN Research Institute shows asset-building conditions worsening across America. A similar nationwide poll conducted by EARN in June 2010 demonstrated that a majority (51%) of American households reported having enough savings to cover basic expenses for more than three months; just six months later, that number has dropped to 46%. This underscores the significance between “income poverty” and “asset poverty,” or households having the financial reserves to get by on the federal poverty level for three months vs. living one paycheck, broken refrigerator, or medical emergency away from requiring public assistance.
On top of that, it appears we have at least three more years of high foreclosure rates, rising mortgage rates and a glut of distressed properties to look forward to, as more and more Americans struggle to provide the essentials for their families.

Chart Porn  , a very cool blog, charted foreclosures in the DC area with the following results:

Here's the thing. We are still the wealthiest nation in the world. Yet, 97% of us are either skating on very thin ice, or have already fallen through. What does that tell you about the Bush tax cuts for the wealthy? The elimination of the estate tax?   The low capital gains tax rate and all of the other incentives for the wealthy?  And, why are we even considering making this infinitesimally small % of the population, who have accumulated, and continue to accumulate so much wealth that their offspring, for generations to come, will never have to work/contribute to society...ever.

There is no way I can say it better than this:
I, for one, am so tired of hearing the poor and middle class in this country scapegoated by the uber wealthy, cutthroat, blood-sucking, cannibalistic, snake-in-suits, corporate psycho leeches that are destroying the country, and planet due to their greed and lust for power. It is not the poor and middle class who control policy, media, politicians, transportation, resources, energy, military and commerce.

Through their stranglehold on all these resources, the super rich and their puppets have managed to twist reality. The poor have little or no way to affect any real changes, while those who do mask their deeds in lies, misperceptions and smoke screens.

The wealthy religious fanatics who do the bidding for these snakes show unbridled hypocrisy. If they were true Christians they would not rest until every child had enough to eat, until all people had access to health care, until every person had a decent place to live. Did not Jesus say, "as you do unto the least you do unto me"? To throw off the shackles of the past we must create a new paradigm and recognize the worth of every being, not just the wealthy and religiously intolerant.

While we're on the subject, why are all these snakes donating their money to the elephants? Yes, I really wonder.
Links


Economy has sent executives to jobs down the corporate ladder.

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Sunday, December 05, 2010

Most Comprehensive and Clear Explanation of Foreclosure Crisis Yet.

If you want the real story that is not being reported by mainstream media (because of course, they would rather blame the people losing their homes), and if you want a very clear and logical explanation of the foreclosure crisis, listen to Harry Shearer interview Yves Smith  of Naked Capitalism.  I listened to it today on  NPR's  Le Show today.

In a nutshell, Harry Shearer and Yves Smith discuss the mortgage ownership, mortgage modification and the role of incentivized MERS (Mortgage Electronic Registration System​) "servicers" in the foreclosure disaster.

Some of the notes I took because I have a short memory. I strongly urge everyone to listen for themselves.

  • Mortgages or notes travel a very circuitous journey through intermediary parties on their way to the mortgage lockbox (trust), which must ring as a "true sale".  All parties must sign the note over - from a to b to c to d - to establish bankruptcy remoteness.
  • The banks try to minimize this as an issue and tell us it's a matter of sloppy paperwork. Not true.
  • Between 2002-2005, the banks quit doing the things they agreed to do to get the mortgages into the legal lockbox (trusts). In other words, the banking industry changed their procedures to save fees and hassle and never bothered to change their legal contracts. Unfortunately, the way the agreements were set up made it virtually impossible to go back and fix things after the fact.
  • MERS has a bizarre corporate structure. It is almost a virtual company with 47-48 employees  (they outsource through EDS). In addition to the 47 MERS employees, there are approximately 20,000 signing officers authorized on its behalf, who have never received a dime from MERS, and who work full time for another company - sometimes a bankrupt company.  Only these 'MERS members' have access to MERS, who actually handle the payments, and the administrative duties that the bank used to handle when the bank held onto the mortgage.
  • MERS, the foreclosure mill, tracks morgage servicing rights (who is servicing the loan and who owns the loan). Compliance is voluntary and there is no penalty for not inputting the data, so the A-B-C-D transfers, if even done at all, were not always inputted.
  • The MERS handshake (electronic handshake) is supposed to ensure a transfer can’t happen without both parties in agreement, however, in practice, documents have the signature of the same person as representative of both parties.  Poorly paid robo-signers were/are used to sign/stamp affidavits.
  • Banks aren’t foreclosing quickly due to large inventory.  The Obama Administration doesn’t want the perception of the right to foreclose in question.
  • Foreclosure is a very lucrative activity for the ​servicers who get paid first. They have different motivations from that of the investor, and their fees continue to pile up during the default period to be paid out upon sale.
  • Investors are being hurt by the foreclosures. The "prudent limit your loss behavior" that applies to almost all types of lending does not apply in the case of foreclosures (For example, lender write-down...repaying loan at a reduced rate). Instead, the losses the investors are suffering upon foreclosure are, on average, over 70% of the mortgage amount. ​
  • The servicers gamed HAMP, forcing people into delinquency, while keeping them on the hook, making them think they're working on mortgage modification when in reality they're processing foreclosure.  
  • The media hasn't covered this at all until the robo-signing scandal broke.  Foreclosure attorneys are dismissed as little more than ambulance chasers whereas banks have credibility and all of the media access.
Kemp vs. Countrywide.
  • The Countrywide employee (10 years) chosen by Bank of America (who now owns Countrywide ) to represent the bank in this legal case said it was their practice not to transfer the mortgage into the trust. 

Read more...

Thursday, May 01, 2008

The Forgotten Victims of the Sub-Prime Crisis

According to the National Coalition for the Homeless, more than two million foreclosures occurred in 2007 alone, that is a 75% increase from 2006 to 2007, 149% increase from 2005, and exceeds the projected number of foreclosures for both years, 2008 and 2009.
It is now estimated that in 2008-2009, "2,258,457 more homes will be lost to foreclosure in the United States".

These statistics and many other factors fully explained in the foreclosure report, provide the grounds for believing the existence of a strong link between the foreclosure crises and increasing homelessness in communities around our nation.

The media seems to strongly suggest that the foreclosed upon are as much to blame as the lenders and the industry at large. This is not true for a number of reasons. The first one is the deliberate, needless complexity built into disclosing the terms of the mortgage contract itself, a huge problem (financial contracts) through the financial industry as a whole. The second one is apartment foreclosures. Numerous renters are suffering and sometimes homeless due to the actions of people they knew nothing about and had no control.

"People don't think of low-income families in apartments being hurt by the mortgage crisis, but in many ways, they are the most vulnerable -- and the least to blame when they get tossed out." Rev. John Estrem, CEO of Catholic Charities

There is no doubt greed and dishonesty characterized a certain percentage of the people who agreed to the terms of these loans, however, a much bigger percentage ended up as victims of a systemic greed and dishonesty that gradually infiltrated the infrastructure that supports and protects our financial system from corruption.

Once again, those we profess to support and honor are once again the group of people who suffer the most from the injustices intentionally incorporated into our prevailing social order as the housing crisis is hitting veterans especially hard.

"A recent Pentagon study has shown, military personnel are particularly vulnerable to predatory lending, and the financial stresses for many military families has been well documented". - Ellen Harnick, Senior Policy Counsel, Center for Responsible Lending

The people who get paid to understand how the housing and financial markets work not only dropped the ball, they greased their hands with a pound of butter before the game started. The integrity of the lending and investment banking profession has reached an all time low.

These mortgage foreclosures are hitting our communities already facing an uphill battle due cutbacks in federal programs designed to assist American citizens bear the weight of hard times in order to prevent them from sinking to a point of no return.

Meanwhile, our government rushes to the aid of the corruptors and corrupt, - Bear Stearns and all the legislation passed to facilitate the greedy agendas of faceless corporations and heartless hedge fund managers - the perpetrators of this financial fiasco, to prevent our economy from crashing. We, the people must demand, at the very least, the same concern for the innocent citizens paying the steepest price and safeguards put in place preventing the greedy, unethical behavior of a few from effecting the security and livelihood of the many.

Read more...

Thursday, November 08, 2007

Bankruptcy Law Backfires.

As everyone rushed to file bankruptcy before the new bankruptcy laws went into effect, credit card issuers previewed what was to come of their $25 million dollar investment to strengthen bankruptcy laws that they thought would protect credit card profits and make people lifelong slaves to debt. It's not working out the way they had hoped.

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