Homeowners Protest At Justice Department: Hold Banks Accountable

PROTESTERS DEMANDING PROSECUTIONS OF WALL STREET ARRESTED OUTSIDE DEPARTMENT OF JUSTICE

“Initial report from Grace and Vivian of SF ACCE from the Occupation today of the Justice Department demanding that Attorney General Eric Holder jail the banksters:

Between 400 and 500 protesters rallied at the Department of Justice (DOJ), closing Constitution Avenue and the three main entrances to DOJ.  Folks demanded that Attorney General Eric Holder “Jail the Banksters” and “Not to Big to Jail.”

Kathleen Furey v. SEC: Wow, Just Wow . . .

Posted by Larry Doyle, SENSE ON CENTS on May 16, 2013

For those with an interest in learning how our financial regulators fail to perform in upholding both the law and their duty to protect investors, the SEC is “the gift that keeps on giving.”

As if we did not already know that the SEC has all too often failed to protect investors, let’s navigate and learn about the case of current SEC employee Kathleen Furey. From a recent complaint brought by Ms. Furey against the SEC:

How Soon They Think We Forget…

This quote is actually on the Change.gov Ethic’s page… No, really it is! Maybe President Obama just forgot it was there… ya think?

Obama Nominates Congressman to Lead Mortgage Agency

Theft is Legal for Big Banks – and Your Money Will Never Be Safe

Web of Debt blog / By Ellen Brown

The new rules for keeping too-big-to-fail alive: use creditor funds, including uninsured deposits, to recapitalize failing banks.

April 29, 2013  | “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “ Caveat Depositor”

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus.  Similar “bail-in” policies are now appearing in multiple countries.  (See 

DEFICIENCY JUDGMENTS – Is your Court a Collection Agency for Crooks? Class Action Filed in Hawaii.

Deficiency judgments are another dark corner, if not the darkest corner in foreclosure. The Dubin Law Offices filed a Class Action Complaint in Hawaii United States District Court today [4/29/13] because of the injustice of deficiency judgments.

It’s not bad enough to lose your home to the banksters that fraudulently inflated your appraisal, filed fraudulent robo-signed fabricated documents in your state recordation offices and in court, rigged your LIBOR interest rate, lied, cheated and stole your home getting away with everything; but then they turn around and sell your home to themselves for half price and then sell it again for less than you owe to someone else. Lord (and DeMarco) only know, why they won’t sell it back to you for the lower price. But they don’t.

MERS – TOO MANY DEAD DUCKS

While fishing for bank-related patents this gem surfaced and jumped into the net.  At first it wasn’t apparent it was a keeper because the UETA issue has not been in the forefront of foreclosure defense. However, taking the time to dissect the document it became apparent that, as some of us have suspected, there is a mandatory methodology from the origination of the mortgage loan on a trip to the securitized trust that includes the EXPLICIT CONSENT of the obligor (homeowner).

Yup… The road to securitization needs an electronic record that the “issuer” aka the “obligor” has explicitly consented to at the time of origination. Yeah, ya think maybe that was the real intention of MERS aka Mortgage Electronic Registration Systems, Inc.? But it looks like it didn’t have all its ducks in a row. This is a lot to digest – but you need to know and understand this information in order to plead your case correctly before the courts.

HAWAII PRO SE PLAINTIFFS BEAT BONY’S MOTION TO DISMISS!

In a Second Amended Verified Complaint filed against the Bank of New York Mellon (“BONY”), fka The Bank of New York and U.S. BANK NATIONAL ASSOCIATION, as Trustee for J.P. Morgan Mortgage Acquisition Trust 2006~WMC2 to Quiet Title, Hawaii Pro Se Plaintiffs Melvin Keakaku Amina and Donna Mae Amina won a big round #1 admirably defeating Defendant BONY’s Motion for Summary Judgment. The case, CIVIL NO. 11-00714 JMS/BMK, was originally filed on November 28, 2011 in Hawaii U.S. District Court and heard by the Honorable Judge J. Michael Seabright.

MONEY VAMPIRES, BANKSTER PIRATES AND THEIR OFF SHORE TREASURE CHEST!

By Shelley Erickson

The Pirate Pilfering!

Bankster piracy is so horrific even though the 50 US attorney generals agreed to let the banks off the hook with a pittance in refunds to homeowners, the fraudclosure money vampires sailed on assaulting and wrongfully seizing our properties.

It was business as usual set out to steal even more properties the exact same way and adding millions more homeowners to their fraudclosure list

Banks Throw $20 Billion at Securitized Debt Market to Avoid Markdowns

Reblogged from Livinglies's Weblog:

Bloomberg Reports that the big banks are borrowing big time money using money market funds as source money for financing repurchase agreements. This stirs the obvious conclusion that the mortgage bonds --- and hence the claim on underlying loans --- are in constant movement making the proof problems in foreclosure proceedings difficult at best.

The underlying theme is that there is tremendous pressure to make good on the mortgage bonds that never actually existed issued by REMIC trusts that were never actually funded who made claims on loans that never actually existed.

Read more… 812 more words

I'm still questioning whether the investors' finance directors and fund managers, CEOs knew or were told not worry that these mortgage loans would be liquid and that the foreclosures were insured. Unlike the homeowner, the investors had all sort of warnings...but, had they done their due diligence they would have found that there were no assignments of mortgages and notes to the trust. Knew or should have known? The homeowners were unwittingly induced into providing their collateral. The investors, however, had much more opportunity to smell a rat and apparently chose to overlook it. Why? And why isn't the spotlight on the investor finance directors?

What is money – and where did it’s real value go?

“We are fighting in the defense of our homes, our families, and posterity. We have petitioned, and our petitions have been scorned. We have entreated, and our entreaties have been disregarded. We have begged, and they have mocked when our calamity came.

We beg no longer; we entreat no more; we petition no more. We defy them!” William Jennings Bryan (1896). Some things never change – or will they?