Lying, Thieving, Criminals!
By David J. Stewart | October 2010
This is beyond evil. The bankers are hiring lawyers to speedily process paperwork for home foreclosures, so the homeowners don't have time to do anything about it. At present, 2,000,000 Americans are losing their homes, and there's another 2,300,000 right behind them.
The level of wickedness is unprecedented in American history. Millions of U.S. citizens are having their homes confiscated, because they don't have the money to pay their mortgages, because our treasonous government leaders allowed U.S. corporations to relocate tens-of-millions of American jobs to foreign soil. It is Communism! Please read, The federal Reserve Scam!
If that weren't bad enough, the banks are ruthlessly confiscating citizen's homes by hiring lawyers to smash the little guy, don't give him a chance, and steal his home away before he knows what hit 'em. Hell will be hot enough! The Washington Post reported this week what we've all suspected for a long time, i.e., that a bunch of lying, thieving, criminals are behind the theft of American's homes!!! ...
For foreclosure processors [greedy lawyers] hired by mortgage lenders [greedy bankers], speed [stealing your home before you could do anything to stop it] equaled money [blood money]
The Washington Post
By Ariana Eunjung Cha and Zachary A. Goldfarb
Saturday, October 16, 2010
Millions of homes have been seized by banks during the economic crisis through a mass production system of foreclosures that was set up to prioritize one thing over everything else: speed. With 2 million homes in foreclosure and another 2.3 million seriously delinquent on their mortgages - the biggest logjam of distressed properties the market has ever seen - companies involved in the foreclosure process were paid to move cases quickly through the pipeline.
Law firms competed with one another to file the largest number of foreclosures on behalf of lenders - and were rewarded for their work with bonuses. These and other companies that handled the preparation of documents were paid for volume, so they processed as many as they could en masse, leaving little time to read the paperwork and catch errors.
And the big mortgage companies overseeing it all - including government-owned Fannie Mae - were so eager to get bad loans off their books that they imposed a penalty on contractors if they moved too slowly.
The system was so automated and so inflexible that once a foreclosure process began, homeowners and consumer advocates say, there was often no way to stop it.
"The problem is when you try to fight back against this machine, well, it's a machine," said Michael Alex Wasylik, an attorney for homeowners in Dade City, Fla. "You have to be able to get your case off the mass production line and to someone who will take the time to read what they file, but in many mortgage firms that person doesn't exist."
The financial incentives show that the problems plaguing the foreclosure process extend well beyond a few, low-ranking document processors who forged documents or failed to review foreclosure files even as they signed off on them. In fact, virtually everyone involved - loan servicers, law firms, document processing companies and others - made more money as they evicted more borrowers from their homes, creating a system that was vulnerable to error and difficult for homeowners to challenge.
"This was a systemic problem. It's not like a few renegade employees made mistakes," said lawyer Peter Ticktin, who defends Florida homeowners facing foreclosure. "It was industry-wide and pervasive, and everyone knew about it."
$1,300 per case
The law firm of David J. Stern in Plantation, Fla., for instance, assigned a team of 12 to handle 12,000 foreclosure files at once for big financial companies such as Fannie Mae, Freddie Mac and Citigroup, according to court documents. Each time a case was processed without a challenge from the homeowner, the firm was paid $1,300. It was an unusual arrangement in a legal profession that normally charges by the hour.
The office was so overwhelmed with work that managers kept notary stamps lying around for anyone to use. Bosses would often scream at each other in daily meetings for "files not moving fast enough," Tammie Lou Kapusta, the senior paralegal in charge of the operation, said in a deposition Sept. 22 for state law enforcement officials who are conducting a fraud investigation into the firm. In 2009 alone, Stern's law firm handled over 70,000 foreclosures.
"The girls would come out on the floor not knowing what they were doing," Kapusta said. "Mortgages would get placed in different files. They would get thrown out. There was just no real organization when it came to the original documents."
Fannie Mae, Freddie Mac and Citigroup said they no longer do new business with Stern's firm.SOURCE: http://www.washingtonpost.com/wp-dyn/content/article/2010/10/15/AR2010101506541.html
This is all bloodthirsty Communism! Our crooked government leaders have sold us out to a bunch of lying, thieving and evil greedy bankers, lawyers, judges and corporate owners.
- First our nation's leaders give all our jobs away, while at the same time promising more jobs if we re-elect them to office. (The jobs never come, they just keep disappearing.)
- Second, our retarded society keeps re-electing these criminals to office. People believe the lies every election time without fail. Thus, Americans get what they deserve for being stupid.
- Third, they steal our homes under cover of darkness (i.e., the criminal theft which The Washington Post just uncovered). The government is involved too. They've all part of the same team, playing the game, hurting innocent people, stealing people's homes, robbing families of their possessions, heaping up damnation against themselves for Judgment Day when God gives them what they truly deserve.
- Fourth, they steal our freedoms with our property rights. This is the ultimate stated goal of Communism, i.e., the abolition of private property. Their plan has worked seamlessly. While Christians continue to honor such evil American traitors like President Ronald Reagan (who gave away millions of U.S. jobs), American citizens can no longer pay their mortgages, and the criminal lawyers swoop in like vultures to kill their prey for the bankers!
Can you imagine? This is so evil. Our government deliberately allows treason. They open our borders to allow illegal immigrants to flood our nation; thus bringing down real wages. Then they give all our manufacturing jobs away, so greedy corporations can exploit slave-labor on foreign soil. To add insult to injury, now American citizens have to compete with illegals for the remaining minimum wage jobs. And so American citizens can't find a decent job, and they can't pay their bills (even with the wife working). Instead of helping its citizens, the U.S. government helps the greedy evil bankers, helping them to steal citizen's home by hiring lawyers to do the dirty work. And they do!
Do you understand this? They gave away your job so that you can't pay your mortgage, and now they've hired a lawyer to steal your home as fast as possible before you can do anything about it! What a bunch of scum! When your home is gone, so are your property rights as a land owner. Wherever you rent you will not have any say in the matter. When everyone is renting in America from government-controlled housing, you will be required to get scanned before entering or leaving your apartment (as security). The government will have a right to place audio and video monitors in your residence. The bogus terrorist fearmongering is just getting started in America. They're using this as an excuse to butt into everyone's business!
—ZBIGNIEW BRZENZINSKI, United States National Security Advisor
Welcome to George Orwell's hellish 1984.
With this kind of selfishness, cutthroat business and evil greed, it's a wonder why God doesn't reign down fire and brimstone on America. We certainly deserve it! As the U.S. economy nears implosion, you're going to witness a lot more dirty-business, blatant theft, and cutthroat greed. The same God who heard the cry out of Sodom, hears the cries coming out of the U.S., whether the cry of 50,000,000 aborted children from the ground, or the cry of millions of swindled homeowners who have been oppressed out of their homes by crooked lawyers, politicians and bankers. God hears the cry! The Bible teaches in Matthew 12:36 that people will be held accountable by God for even the words they speak.
The average American couldn't care less. The problem is sin. Sin causes people to become complacent and not to care. When people stop caring, then the Devil comes in and builds a rat-nest. We live in a spiritually rat-infested, worm-hole; a snake's nest of wickedness in America. This has all been by design. The rotten Communists behind the New World Order knew back in the 1950's that the best way to subvert the United States was to begin with moral corruption. This would weaken and destroy its families, thus allowing the Communists to do as they please without opposition. This is why they can steal our homes and get away with it.
This is why the Federal Reserve Criminals can steal $23.7 TRILLION of our taxpayer money and get away with it. This is why CPS can steal our kids. This is why airport security treats passengers like thugs, forcing families to be naked scanned. More Hitlarian scanners are on the way! If you like an oppressive society, then you're going to LOVE THE MILITARIZED, DEHUMANIZING, POLICE STATE! None of this would be happening if enough Christians stood up AGAINST THE EVILDOERS as Psalm 94:16 teaches.
How Derivatives Led to Economic Collapse Made Simple and Fun
December 27, 2011 by Lenore
I wish I could take credit for this level of entertaining insight, but I cannot. This was forwarded to me in an email that I just had to share.
A Primer: Understanding Derivatives
Heidi is the proprietor of a bar in Detroit ..
She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. Heidi keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around about Heidi’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Heidi’s bar.
Soon she has the largest sales volume for any bar in Detroit. By providing her customers freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi’s gross sales volume increases massively. A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi’s borrowing limit. He sees no reason for any undue concern because he has the debts of the unemployed alcoholics as collateral! At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS.
These “securities” then are bundled and traded on international securities markets. Naive investors don’t really understand that the securities being sold to them as “AAA Secured Bonds” really are debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb – and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses. One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi’s bar. He so informs Heidi.
Heidi then demands payment from her alcoholic patrons. But, being unemployed alcoholics — they cannot pay back their drinking debts. Since Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and Heidi’s 11 employees lose their jobs. Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value destroys the bank’s liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community. The suppliers of Heidi’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the BOND securities.
They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off
150 workers. Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings attached cash infusion from the government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, nondrinkers who have never been in Heidi’s bar.
SOURCE: How Derivatives Led to Economic Collapse Made Simple and Fun
Loren Steffy: Thanks, banks, for this fine messAll 50 states are now investigating foreclosure procedures amid concerns that some documents are being processed improperly. In some cases, they may have been signed without being reviewed. In others, they may be inaccurate.
U.S. foreclosure debacle to test market rallyTHE U.S. banks will be in the limelight this week as several household names report earnings and investors worry a forced halt to foreclosure proceedings could hit the sector.
"Shameful" foreclosures worsen U.S. crisisUS President Barack Obama's housing secretary has said that "it's shameful" that financial institutions may have made the housing crisis worse by improperly processing foreclosures.
Ezekiel 22:27-29, “Her princes in the midst thereof are like wolves ravening the prey, to shed blood, and to destroy souls, to get dishonest gain. And her prophets have daubed them with untempered morter, seeing vanity, and divining lies unto them, saying, Thus saith the Lord GOD, when the LORD hath not spoken. The people of the land have used oppression, and exercised robbery, and have vexed the poor and needy: yea, they have oppressed the stranger wrongfully.”