If you don’t think the Wall Street corruption and securities fraud, including mortgage-backed securities, isn’t affecting everyone – think again. Stockton, California has succumbed to bankruptcy due in large part to bad securities investments.
Look out California public employee retirees for the next Cyprus-like haircuts. Continue reading →
A landmark decision was made this week in Culhane v. Aurora in the United States Court of Appeals For the First Circuit without a complete set of facts set out before what appears to be its clueless judges.
The case decision, an APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS was to some degree based on the merits of standing answering the question: “Whether a mortgagor has standing to challenge the assignment of her mortgage — an assignment to which she is not a party and of which she is not a third-party beneficiary — is a matter of first impression for this court.” Continue reading →
Oh Pleeese, who does Ben Bernanke think he is kidding?! Congress has the ability to say, “Don’t buy bad debt.”
The stock market surged today because the Federal Reserve announced it was going to take $40 Billion of our tax dollars per month “until further notice” and buy inflated, defective, fraudulent mortgage-backed securities (MBS) indefinitely from the banksters.
“The abuses and dishonesty and multiple breaches of contract within the shadow banking world of securitized trusts appear to have been endless, now with new revelations regarding the rigging of Libor rates, as well as constituting a litigation puzzle for borrowers and for their attorneys seeking to use those abuses and dishonesty to their advantage. But how?”
SECURITIZED DISTRUST PART TWO provides another outstanding synopsis of the banking foreclosure fraud and little known hidden secrets used by lenders to defraud the borrowers and the courts.
As the Wall Street mortgage-backed securities fraud collapsed the United States economy Florida began to get hammered. Heavily weighted in Florida loans, targeted Florida homeowners of these failing trusts were the first to feel the brunt force of foreclosures.
From the financial force majeure grew a group of “warriors” that knew something was wrong and they began combing the county records for clues. Among the first of the warriors was Lisa Epstein, an oncology nurse in Palm Beach County, Florida who started noticing something new — and unsettling — as patients talked about their struggles. Not only were her patients and their families coping with a serious diagnosis and the cost and side effects of treatments, but more and more of them were also facing the loss of their homes. Continue reading →
Are Promissory Notes actually Securities before the homeowner signed the mortgage documents? That’s a heavy thought isn’t it?Listen to short clip here.
As DeadlyClear interviewed Blue Chip Films Producer/Director Nick Verbitsky about his new documentary film Confidence Gamebased on the demise and collapse of Bear Stearns, there emerged a confirmation to a missing piece of the mortgage-backed securitization process long suspected by foreclosure defense researchers and analysts that may expose a whole new avenue of fraud and even invalidate/void mortgage loan documents. Continue reading →