Eric Holder launched the DOJ’s investigation into massive document fraud performed by mortgage servicers when the stench could no longer be ignored in 2010.
It was dubbed robo-signing, but that term is too warm and cuddly for us.
It is document fraud. Suborning perjury. They are creating false evidence that results in the illegal seizure of private property.
We have also uncovered a massive number of fraudulent signatures of dubious origin on “Satisfaction of Mortgages” recorded at registries across the USA. Attorneys tell us that these documents could be deemed invalid. Meaning, the lien is still against the property – even though the mortgage has been paid off.
Back to Holder…
Reuters today breaks the news that Attorney General Eric Holder and his top lieutenants at DOJ have a conflict of interest. (Which will not be news at all to TBP readers)
What’s the conflict?
Eric Holder and his top DOJ lieutenants are all alumnae of Covington & Burling, the white shoe law firm that represents MERS. In 2004, while Holder and his pals were at the firm, Covington & Burling issued a legal opinion justifying the MERS business model to the lending and title industries.
This legal opinion is posted on the MERSCORP website. It is also trotted out at all of their conferences and appears in their marketing materials. It is, quite simply, MERS “Get out of jail free” card.
MERS, of course, is the energizer bunny for massive MBS fraud. The MERS electronic recording system (which it turns out did not record at all) was used to ramp up the number of mortgages which would create the MBS (only they didn’t).
MERS violates 400 years of settled property law. Judges across the USA are ruling MERS assignments are illegal and ruling against the banks in foreclosure and bankruptcy cases.
MERS was the brainchild of Anthony Mozila. Need I say more?
Our research uncovers banks resistance to signing onto the MERS system in 1997-2000. The GSE’s Fannie, Freddie and Ginnie, along with the title companies, made a major push for getting MERS adopted as the primary recording system.
That’s why the Covington & Burling legal opinion is so important. It justified MERS by-passing the land recording system which is paper-based and totally transparent, with an electronic system that is secret. It was and remains a very important document that is used by banks, financial institutions to by-pass 400 years of settled property law.
Holder and his top lieutenants should have recused themselves from the investigation.
But of course, they didn’t do that, did they?
Instead, Holder orchestrated a cover-up. He is the principal driver behind the push for 50 states Attorneys General to give lenders/servicers immunity in exchange for a reported $25 billion settlement.
A number of the Attorneys General are resisting (Massachusetts, NY, Illinois, California, Nevada, and Delaware).
Others states, like New Jersey, appear willing to settle.
The states, however, will settle at their peril. We calculated NJ taxpayers are owed $87 million in unpaid recording fees and $90 billion in transfer taxes.
New Jersey’s share of the $25 billion pales in comparison to the amount that is owed. We, the people want our money back. All of it. Our message to Governor Christie and the new Attorney General is, “do not think about settling, New Jersey.”
Question to the state Attorneys General: Did Eric Holder and his pals tell you about their association with MERS? Did they discuss how their Covington & Burling pensions are affected by the settlement? Clearly the revenue derived from MERS account affects their future compensation, does it not? What is Covington & Burling’s legal exposure to crafting the MERS legal opinion? Will the firm be sued by state Attorneys General? Will they be sued by homeowners? If so, how does that affect their pensions and future employment prospects?
It’s obvious that Holder and his DOJ lieutenants had a lot to lose if MERS and its charter members (which were all cited for massive document fraud by OCC, SEC, and Senate) were to be held criminally liable for their acts.
So, what did they do?
Well, the DOJ/FBI was directed to partner with the Mortgage Banking Association (MBA) on the 2010 mortgage fraud investigation. The MBA is the trade association for the banks that are under “investigation” for committing massive fraud.
So here’s where we move from “conflict of interest” to “obstruction of justice.”
The FBI and DOJ created a definition of mortgage fraud that does NOT include the bad acts of the banks. No Siree. The definition focuses on homeowners and flim-flam artists who commit fraud AGAINST THE BANKS.
This is the reason why not one single senior executive from the TBTF banks that have destroyed American property records, clouded title on 60-100 million properties and committed massive document fraud have not been investigated. Or subsequently tried and convicted of their crimes.
Many in law enforcement (retired FBI agents and Federal Prosecutors) have told us they believe Holder is running down the clock on the statute of limitations.
The window on charging top executives who have created, implemented and covered-up MBS and foreclosure fraud is almost closed. The people who stole $11 trillion from MBS investors and $6 trillion from homeowners are about to get away with the largest heist in world history.
Eric Holder must go.
Insight: Top Justice officials connected to mortgage banks
Wed, Jan 11 2012
By Scot J. Paltrow
Fri Jan 20, 2012 9:31am EST
(Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.
The firm, Covington & Burling, is one of Washington’s biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.
Both the Justice Department and Covington declined to say if either official had personally worked on matters for the big mortgage industry clients. Justice Department spokeswoman Tracy Schmaler said Holder and Breuer had complied fully with conflict of interest regulations, but she declined to say if they had recused themselves from any matters related to the former clients.
Reuters reported in December that under Holder and Breuer, the Justice Department hasn’t brought any criminal cases against big banks or other companies involved in mortgage servicing, even though copious evidence has surfaced of apparent criminal violations in foreclosure cases.
The evidence, including records from federal and state courts and local clerks’ offices around the country, shows widespread forgery, perjury, obstruction of justice, and illegal foreclosures on the homes of thousands of active-duty military personnel.
In recent weeks the Justice Department has come under renewed pressure from members of Congress, state and local officials and homeowners’ lawyers to open a wide-ranging criminal investigation of mortgage servicers, the biggest of which have been Covington clients. So far Justice officials haven’t responded publicly to any of the requests.
While Holder and Breuer were partners at Covington, the firm’s clients included the four largest U.S. banks – Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co – as well as at least one other bank that is among the 10 largest mortgage servicers.
DEFENDER OF FREDDIE
Servicers perform routine mortgage maintenance tasks, including filing foreclosures, on behalf of mortgage owners, usually groups of investors who bought mortgage-backed securities.
Covington represented Freddie Mac, one of the nation’s biggest issuers of mortgage backed securities, in enforcement investigations by federal financial regulators.
A particular concern by those pressing for an investigation is Covington’s involvement with Virginia-based MERS Corp, which runs a vast computerized registry of mortgages. Little known before the mortgage crisis hit, MERS, which stands for Mortgage Electronic Registration Systems, has been at the center of complaints about false or erroneous mortgage documents.
Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JP Morgan Chase and several other large banks. It was meant to speed up registration and transfers of mortgages. By 2010, MERS claimed to own about half of all mortgages in the U.S. — roughly 60 million loans.
But evidence in numerous state and federal court cases around the country has shown that MERS authorized thousands of bank employees to sign their names as MERS officials. The banks allegedly drew up fake mortgage assignments, making it appear falsely that they had standing to file foreclosures, and then had their own employees sign the documents as MERS “vice presidents” or “assistant secretaries.”
Covington in 2004 also wrote a crucial opinion letter commissioned by MERS, providing legal justification for its electronic registry. MERS spokeswoman Karmela Lejarde declined to comment on Covington legal work done for MERS.
It isn’t known to what extent if any Covington has continued to represent the banks and other mortgage firms since Holder and Breuer left. Covington declined to respond to questions from Reuters. A Covington spokeswoman said the firm had no comment.
Several lawyers for homeowners have said that even if Holder and Breuer haven’t violated any ethics rules, their ties to Covington create an impression of bias toward the firms’ clients, especially in the absence of any prosecutions by the Justice Department.
O. Max Gardner III, a lawyer who trains other attorneys to represent homeowners in bankruptcy court foreclosure actions, said he attributes the Justice Department’s reluctance to prosecute the banks or their executives to the Obama White House’s view that it might harm the economy.
But he said that the background of Holder and Breuer at Covington — and their failure to act on foreclosure fraud or publicly recuse themselves — “doesn’t pass the smell test.”
Federal ethics regulations generally require new government officials to recuse themselves for one year from involvement in matters involving clients they personally had represented at their former law firms.
President Obama imposed additional restrictions on appointees that essentially extended the ban to two years. For Holder, that ban would have expired in February 2011, and in April for Breuer. Rules also require officials to avoid creating the appearance of a conflict.
Schmaler, the Justice Department spokeswoman, said in an e-mail that “The Attorney General and Assistant Attorney General Breuer have conformed with all financial, legal and ethical obligations under law as well as additional ethical standards set by the Obama Administration.”
She said they “routinely consult” the department’s ethics officials for guidance. Without offering specifics, Schmaler said they “have recused themselves from matters as required by the law.”
Senior government officials often move to big Washington law firms, and lawyers from those firms often move into government posts. But records show that in recent years the traffic between the Justice Department and Covington & Burling has been particularly heavy. In 2010, Holder’s deputy chief of staff, John Garland, returned to Covington, as did Steven Fagell, who was Breuer’s deputy chief of staff in the criminal division.
The firm has on its web site a page listing its attorneys who are former federal government officials. Covington lists 22 from the Justice Department, and 12 from U.S. Attorneys offices, the Justice Department’s local federal prosecutors’ offices around the country.
As Reuters reported in 2011, public records show large numbers of mortgage promissory notes with apparently forged endorsements that were submitted as evidence to courts.
There also is evidence of almost routine manufacturing of false mortgage assignments, documents that transfer ownership of mortgages between banks or to groups of investors. In foreclosure actions in courts mortgage assignments are required to show that a bank has the legal right to foreclose.
In an interview in late 2011, Raymond Brescia, a visiting professor at Yale Law School who has written about foreclosure practices said, “I think it’s difficult to find a fraud of this size on the U.S. court system in U.S. history.”
Holder has resisted calls for a criminal investigation since October 2010, when evidence of widespread “robo-signing” first surfaced. That involved mortgage servicer employees falsely signing and swearing to massive numbers of affidavits and other foreclosure documents that they had never read or checked for accuracy.
Recent calls for a wide-ranging criminal investigation of the mortgage servicing industry have come from members of Congress, including Senator Maria Cantwell, D-Wash., state officials, and county clerks. In recent months clerks from around the country have examined mortgage and foreclosure records filed with them and reported finding high percentages of apparently fraudulent documents.
On Wednesday, John O’Brien Jr., register of deeds in Salem, Mass., announced that he had sent 31,897 allegedly fraudulent foreclosure-related documents to Holder. O’Brien said he asked for a criminal investigation of servicers and their law firms that had filed the documents because they “show a pattern of fraud,” forgery and false notarizations.
(Reporting By Scot J. Paltrow, editing by Blake Morrison)
KaD says:
*sigh*
The corruption just doesn’t seem to have a bottom, does it???
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20th January 2012 at 5:04 pm
AWD says:
“Dick” Holder needs to go to prison, not be prosecuting people who end up in prison. It’s like letting the criminals run the legal system. Good if your a criminal.
Obama, following Bush’s success in taking away our freedoms and pissing on the constitution and bill of rights, has taken it to a whole new, gestapo-like level. His actions are treasonous, he and congress have broken their oaths, and need to be prosecuted and imprisoned.
I’ll do my Flash impersonation and post the damage done below. We don’t live in a democracy or a free country any longer, period.
10 reasons the US is no longer the land of the free
Every year, the State Department issues reports on individual rights in other countries, monitoring the passage of restrictive laws and regulations around the world. Iran, for example, has been criticized for denying fair public trials and limiting privacy, while Russia has been taken to task for undermining due process. Other countries have been condemned for the use of secret evidence and torture.
Even as we pass judgment on countries we consider unfree, Americans remain confident that any definition of a free nation must include their own — the land of free. Yet, the laws and practices of the land should shake that confidence. In the decade since Sept. 11, 2001, this country has comprehensively reduced civil liberties in the name of an expanded security state. The most recent example of this was the National Defense Authorization Act, signed Dec. 31, which allows for the indefinite detention of citizens. At what point does the reduction of individual rights in our country change how we define ourselves?
The list of powers acquired by the US government since 9/11 puts us in rather troubling company.
Assassination of US citizens
President Obama has claimed, as President George W. Bush did before him, the right to order the killing of any citizen considered a terrorist or an abettor of terrorism. Last year, he approved the killing of US citizen Anwar al-Awlaqi and another citizen under this claimed inherent authority. Last month, administration officials affirmed that power, stating that the president can order the assassination of any citizen whom he considers allied with terrorists. (Nations such as Nigeria, Iran and Syria have been routinely criticized for extrajudicial killings of enemies of the state.)
Indefinite detention
Under the law signed last month, terrorism suspects are to be held by the military; the president also has the authority to indefinitely detain citizens accused of terrorism. While the administration claims that this provision only codified existing law, experts widely contest this view, and the administration has opposed efforts to challenge such authority in federal courts. The government continues to claim the right to strip citizens of legal protections based on its sole discretion. (China recently codified a more limited detention law for its citizens, while countries such as Cambodia have been singled out by the United States for “prolonged detention.”)
Arbitrary justice
The president now decides whether a person will receive a trial in the federal courts or in a military tribunal, a system that has been ridiculed around the world for lacking basic due process protections. Bush claimed this authority in 2001, and Obama has continued the practice. (Egypt and China have been denounced for maintaining separate military justice systems for selected defendants, including civilians.)
Warrantless searches
The president may now order warrantless surveillance, including a new capability to force companies and organizations to turn over information on citizens’ finances, communications and associations. Bush acquired this sweeping power under the Patriot Act in 2001, and in 2011, Obama extended the power, including searches of everything from business documents to library records. The government can use “national security letters” to demand, without probable cause, that organizations turn over information on citizens — and order them not to reveal the disclosure to the affected party. (Saudi Arabia and Pakistan operate under laws that allow the government to engage in widespread discretionary surveillance.)
Secret evidence
The government now routinely uses secret evidence to detain individuals and employs secret evidence in federal and military courts. It also forces the dismissal of cases against the United States by simply filing declarations that the cases would make the government reveal classified information that would harm national security — a claim made in a variety of privacy lawsuits and largely accepted by federal judges without question. Even legal opinions, cited as the basis for the government’s actions under the Bush and Obama administrations, have been classified. This allows the government to claim secret legal arguments to support secret proceedings using secret evidence. In addition, some cases never make it to court at all. The federal courts routinely deny constitutional challenges to policies and programs under a narrow definition of standing to bring a case.
War crimes
The world clamored for prosecutions of those responsible for waterboarding terrorism suspects during the Bush administration, but the Obama administration said in 2009 that it would not allow CIA employees to be investigated or prosecuted for such actions. This gutted not just treaty obligations but the Nuremberg principles of international law. When courts in countries such as Spain moved to investigate Bush officials for war crimes, the Obama administration reportedly urged foreign officials not to allow such cases to proceed, despite the fact that the United States has long claimed the same authority with regard to alleged war criminals in other countries. (Various nations have resisted investigations of officials accused of war crimes and torture. Some, such as Serbia and Chile, eventually relented to comply with international law; countries that have denied independent investigations include Iran, Syria and China.)
Secret court
The government has increased its use of the secret Foreign Intelligence Surveillance Court, which has expanded its secret warrants to include individuals deemed to be aiding or abetting hostile foreign governments or organizations. In 2011, Obama renewed these powers, including allowing secret searches of individuals who are not part of an identifiable terrorist group. The administration has asserted the right to ignore congressional limits on such surveillance. (Pakistan places national security surveillance under the unchecked powers of the military or intelligence services.)
Immunity from judicial review
Like the Bush administration, the Obama administration has successfully pushed for immunity for companies that assist in warrantless surveillance of citizens, blocking the ability of citizens to challenge the violation of privacy. (Similarly, China has maintained sweeping immunity claims both inside and outside the country and routinely blocks lawsuits against private companies.)
Continual monitoring of citizens
The Obama administration has successfully defended its claim that it can use GPS devices to monitor every move of targeted citizens without securing any court order or review. (Saudi Arabia has installed massive public surveillance systems, while Cuba is notorious for active monitoring of selected citizens.)
Extraordinary renditions
The government now has the ability to transfer both citizens and noncitizens to another country under a system known as extraordinary rendition, which has been denounced as using other countries, such as Syria, Saudi Arabia, Egypt and Pakistan, to torture suspects. The Obama administration says it is not continuing the abuses of this practice under Bush, but it insists on the unfettered right to order such transfers — including the possible transfer of US citizens.
These new laws have come with an infusion of money into an expanded security system on the state and federal levels, including more public surveillance cameras, tens of thousands of security personnel and a massive expansion of a terrorist-chasing bureaucracy.
The framers lived under autocratic rule and understood this danger better than we do. James Madison famously warned that we needed a system that did not depend on the good intentions or motivations of our rulers: “If men were angels, no government would be necessary.”
Benjamin Franklin was more direct. In 1787, a Mrs. Powel confronted Franklin after the signing of the Constitution and asked, “Well, Doctor, what have we got — a republic or a monarchy?” His response was a bit chilling: “A republic, Madam, if you can keep it.”
Since 9/11, we have created the very government the framers feared: a government with sweeping and largely unchecked powers resting on the hope that they will be used wisely.
Read more: Unsolvable Insolvency http://dailyreckoning.com/unsolvable-insolvency/#ixzz1k2YQ1IdC
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20th January 2012 at 5:29 pm
Kill Bill says:
Tangent:
http://chinkinthearmor.net/MERS_Short_List_MLIM.html
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20th January 2012 at 5:35 pm
WYOMING MIKE says:
Don’t forget fast & furious in the news again today. They’re ALL crooked in president dickheads administration, PERIOD.
Damn shame about his website. :*)
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20th January 2012 at 6:16 pm
Hollow man says:
Holder not going anywhere. The American people gotta get mad and wake up first. Oh crap jersery shore gotta go. What was i talking about? Never mind the commerical is over.
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20th January 2012 at 7:26 pm
efarmer says:
Nixon looks like Gandhi next to Holder. There is no rule of law.
If there is a God, these bastards will come back as wives of alcoholic wife beaters. Corzine, Holder, the whole fucking batch.
EF
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20th January 2012 at 7:38 pm
Novista says:
thanks, MM and KB
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20th January 2012 at 10:30 pm
Mary Malone says:
Great comments, guys. Thanks.
Sometimes I feel like MBS/mortgage/title/foreclosure fraud has taken over my life.
I have other interests. I really do.
It’s just that the corruption and outright refusal to enforce the rule of law is so incredibly harmful to our country and individual families, I can’t stop pounding the drum.
I’m a simple person. Nobody special. A regular Jane.
I believe that if a bank is going to steal my neighbor’s home, it’s just a matter of time before they try to steal my home. So I suppose I am somewhat selfish.
But when I look around and see the devastation this crime has had on families I know, on neighborhoods and our country, it breaks my heart.
These crimes warrant a truth commission.
My hope and fervent prayer is that the crime spree will soon end and the guilty will be punished.
Maybe that will be the start of getting our country back.
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20th January 2012 at 11:29 pm
Novista says:
Mary Malone
Did you notice that Fast & Furious has reared its head again?
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20th January 2012 at 6:26 am
Punk in Drublic says:
My dad was a surveyor during the eighties and early nineties, took me on a few trips to a few county registries when I was a kid. Deed research. It was truly fascinating, a trip through the history of ownership of the land. Mostly I just ran back and forth getting the next deed in line, that is, the one that came before. John bought the land from sue, who bought it from Jim, who bought it from Steve…. Back almost as far as you wanted to go.
The chain of ownership was rock solid, clear and concise, back through generations and hundreds of years. Simple enough that an eleven year old kid could understand it and trace it back. I have a pretty good grasp of what MERS has done, what it means. Nobody owns shit. Not the borrower, not the bank, not the MBS trust. Its a total clusterfuck.
Most people don’t understand how important the legal chain of title and deed ownership is. Private property doesn’t exist without it.
Keep fighting the good fight, Mary.
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20th January 2012 at 8:59 am
Thunderbird says:
Punk in Drublic says: “Most people don’t undrstand how important the legal chain of title and deed ownership is.”
It is obvious this system is going down. It is no accident what the banks and the DOJ are involved in doing. No one owns the land. This system was set up after taking the land from the indians.
Because so much land is tied up in the hands of wealthy land owners and corporations it has become too expensive for many to obtain. This whole system sucks. It was designed to force people into small lots with houses and condos built on them controlled by associations telling people what they have to do on their land.
Look what has happened around cities over the past 40 years? Cities have used annexation to force farmers to sell their land to developers, who in turn build housing developments and shopping centers, selling the land & house at high price, while the corporations buy in to set up their corporate outlets. Consequently over 70 percent of the people now live on these controlled land developments in urban America. Is this true freedom? This is nothing but corraling the herd for profit.
I myself welcome this development. This means while this mess will never be cleared the land will become worthless for speculators and land barrons. It will become available for those who want to use it for living like before the days of titles. Remember; possession is 90% of the law.
This whole artificial way of living in track homes owned by the bank, and shopping in corporate outlets is dying out. This was never the American way. On a positive note this coming depression is really a blessing for America because it will take down the already too big corporations and governments that are responsible for the high unempoyment, under employment, and low wages in America.
While there are those that think the end of America is near, I see it as a transition to something new and exciting. The world is continuously changing. In fact the only constant in this world is change. So embrace this change that is coming; not as something collasping only; but rather as something collapsing because something new is coming forth to replace the old order. This is what life is all about. Something dies so that something else can live. The mature plant produces seed then rots. The seed dies and brings forth a new plant. This is what we are experiencing in America and the world. The old order is rotten and dying to bring forth the new order.
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20th January 2012 at 10:29 am
Administrator says:
Thunderbird
You just described the Fourth Turning winter turning into a First Turning spring.
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20th January 2012 at 10:51 am
Mary Malone says:
@ Novista – Yes, read about Cunningham in AZ refusing to play ball and take the hit. Many people want Holder outta there. Not just conservatives, but plenty of old-fashioned dems too.
They see what Obama has done to our country and think that Holder is one of his weakest points. Getting Holder out of office would weaken Obama considerably.
Holder’s connection to TBTF and MERS should help the old line dems and progressive elements of the party kick Holder to the curb,
Progressives are flipping out that Holder has not arrested any of the bad actors in massive MBS fraud. Now that they know why, let’s see how important the Rule of Law is to them.
Conservatives can hit Holder thru Isaa, who should issue a flurry of subpoena’s to uncover what the reporting structure at Covington was with regards to MERS and TBTF accounts.
Odds are Holder, Breuer were in the chain of command in the management of these clients. Issa should subpoena Mark E. Plotkin, the Covington attorney who signed the legal opinion giving MERS cover to obliterate 400 years of property law.
If the government fails to take action, the people should.
Any attorney representing homeowners and or investors can sue Covington & Burling.
Attorneys representing homeowners in Chapter 13 can issue subpoenas too.
This is far from over….
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20th January 2012 at 10:53 am
ragman says:
Eric “My People” Holder is a racist POS from the gitgo. Among other things, he failed to prosecute black panthers that were intimidating white voters in PHL. Add to the list Fast and Furious and this latest disclosure about MERS. For anyone interested, the Sipsey Street Irregulars website has very detailed info on F&F.
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20th January 2012 at 10:57 am
Mary Malone says:
@Punk in Drublic: I have a pretty good grasp of what MERS has done, what it means. Nobody owns shit.
Yes, but even people who work for title companies don’t have a clue.
I was pulling records at the Bergen County Clerk’s office last week. There were a number of guys who do this for a living near my workstation. I showed one guy the bogus Assignment of Mortgage.
A local foreclosure attorney had created an assignment, transferring property from a defunct originator to his client. The assignment was signed and notarized by two employees of the foreclosure firm.
The guy was aghast. Had no idea this was happening.
You get it – but many people do not have a clue. It opens peoples eyes when you actually visit the registry the way you did.
Not a bad idea for all of us to take a trip to the local land registry and start searching thru the records. Flagging bogus assignments, and robo-signed satisfaction of mortgages is a good way to educate people about what they have done to us.
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20th January 2012 at 11:09 am
Thunderbird says:
Administrator isn’t it exciting to think about? Our grandchildren will not inherit this bogus debt nor live under these obscene insane and arbitrary laws sprewing out of Washington DC and local governments. When the system finally goes bankrupt all the golden calves will go with it. People will have a chance to make a decent living and obtain a place to live and do on what they want. This selfish desire to protect land value is not the true American way. This desire has resulted in so many arbitrary rules and regulations against the use of the land from selfish people that it has resulted in the creation of the police state. The police protect the interest of government and corporations; no longer the people that pay taxes for them. Golden calves like hedge funds keep this all going.
What happened to the pursuit of the simple life? The simple life does not look at the land one lives on in terms of monetary value but rather in terms of utility. As we are finding out all these housing sub-divisions run by associations for the purpose of maintaining land value is a great illusion. Once sold the banks could care less about the value of them because they sold the paper to something else that is a fiction. What does that tell you? It tells me welcome to the new ghost towns. The housing bubble was a great scam directed to those that looked at property as an investment for wealth creation rather than as a utility. They got hosed. And Holder is no doubt part of the scam!
This is a good thing for people that are only looking at land and housing for its utility. Prices are down and going lower. Much of these sub-divisions will turn into ghost towns because they have no utility because they have no land on which to do anything; not even enough room for a victory garden. Also, they are beginning to show their sub-standard quality with shifting and cracking foundations, walls, and all sorts of plumbing & electrical problems. These houses were built for speculators and these speculators sure got the shaft they probably deserve. Their frinsy made home ownership impossible for the average Joe living the simple life.
So the tide is shifting and bringing with it some fresh air. I repeat, the coming depression is really a blessing because it is going to bring down the golden calves that are keeping the current corrupt system going. Our grandchildren are going to have opportunity the current generation does not have because the current superstructure of government regulation control and corporate capture of most of the business is going to be gone. This will bring about the advent of a true free market system; not the regulated economy now in its dying stage.
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20th January 2012 at 11:55 am
Punk in Drublic says:
Mary, how do you spot the bullshit papers from the legal ones? Most of the examples I’ve seen involve obviously faked signatures or the same name used for umpteen different participants… And it was all pointed out for me. I don’t think I could pull apart a registry and recognize the phony stuff.
Even someone who gets it might not feel they are qualified to spot the actual fraud. Or confident enough in their knowledge of the specifics to communicate it. What if the guy you were talking to had said “Maybe they were notaries, too” or something. People will try to explain away a fraud with weirdo circumstances rather than believe in a scam. I don’t think I could call bullshit with out sounding crazy.
Think you could post a crash course in spotting fraudulent documents? Or do you know where one might be found?
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20th January 2012 at 9:55 pm
Mary Malone says:
@Punk in Drublic: “I don’t think I can pull apart a registry and recognize the phony stuff.”
I hear ya PD. It took me awhile to be able to spot the fraud. After numerous attempts, it finally clicked. I’d be glad to create a tutorial – post it on microsoft live.
In the meantime, here are some good resources:
Here’s a good walk-thru on how to look up public property records and what to flag:
http://www.operationrest.org/ResearchYourRecords
Here are a number of examples of fraudulent signatures:
http://frauddigest.com/indict.php
Video and examples of what to look for on Assignment of Mortgages:
http://mattweidnerlaw.com/blog/tag/hsbc-mortgage/
In a nutshell, you’re looking for evidence that the financial firm claiming it has a valid lien on the property is not:
-Assigning the property to themselves
-Creating evidence of valid lien when there is none
-Using attorneys, company employees to “certify” the assignment
-Assigning property from a bankrupt or defunct mortgage originator to themselves
-Assigning property from a closed trust to themselves
-Assigning the property AFTER a legal action (foreclosure, bankruptcy, short sale) has commenced
Very easy to get lost in the weeds. It’s helpful to just start with one fact to review, like the date of the assignment. It takes time and lots of effort to learn this stuff. But once you do, you’ll be able to spot fraud quickly.
Hope this is helpful…
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20th January 2012 at 12:05 am
Malfeasance Monday in the news for 30 Jan 2012 | PostGygaxian says:
[...] TBP says Holder suborned perjury: http://www.theburningplatform.com/?p=28013 [...]
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20th January 2012 at 11:03 am
dani ramirez says:
NJ FALKS [HOMEOWNERS] ARE GETTING SHAFTED THE STATE AND 95%OF THE COURT JUDGES ARE SIDING WITH THE BANKSTERS AND ALLOW THEM TO STEAL PEOPLE HOMES
MERS OWE THE STATE BILLIONS AND NO ONE TRYING TO GO AFTER THEM WHAT IS GOING ON IN THE STATE OF NJ WHY THE STATE DONT SUE MERS LIKE NEVADA,NY OHIO
AND DEL ARE DOING WHY? GOVRENER PLEASE WAKE UP AND STAND WITH NJ PEOPLE
IN THEIR FIGHT TO STOP MERS AND BANKSTERS FRAUD
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20th January 2012 at 5:10 pm