Foreclosure Rocket Dockets- The Reward For The Banker Crime Spree, Ripping Americans From Their Homes
America’s Foreclosure Wars, The US Federal And State Governments Conspiring With Criminal Organiztions To Seize Private Property
First, let’s start with a little history lesson. Remember way back to 2008 when the banks, Wall Street and the various gambling enterprises and hedge funds that rule the world’s money supply brought the entire world economy into the brink of a total economic collapse? Well, consider what we’ve learned as a result of the many autopsies of the collapse that have occurred since then. It is now completely documented, and beyond any dispute, that The Collapse was caused by out of control central and private bankers who either acted recklessly or with specific intent calculated to bring down the then existing world financial order. And what was the world, and especially the US government’s response to this orchestrated collapse? In the words of Timothy Geithner, the US government engaged in a direct and specific campaign to “Foam the Runway” for the banks, which, in plain English means the United States government shoveled trillions of dollars in taxpayer money directly into the very banks and institutions that caused the collapse. As recounted in damming specificity in Neil Barofsk’s book, Bailout, the central bankers and US government officials collaborated behind the scenes and outside the scrutiny of anyone looking out for the general public’s interest to ensure that the trillions of dollars that was to be provided to the bank carried with it one important condition:
That the money be handed to the banks directly with absolutely no conditions or restrictions of any kind.
The central bankers, principally through their mouthpieces installed within the federal governments Henry Paulson and Timothy Geithner, argued that any accounting requirements, any restrictions, any regulation whatsoever over the trillions of dollars provided to them would be unfair and unworkable. And so, incredibly, the banks and Wall Street casinos received trillions of dollars, with no strings attached, to gamble away with all over again. Presidents Bush and Obama signed off on this, while every member of Congress and Senator, slathered with bankster bailout campaign bribes and contributions are owned by the very banksters that were given the money. Goldman Sachs is quite pleased with how seamlessly and without objection their entire operation has been funded….their return on their investment scheme is quite fantastic, thank you very much.
Now, right about the time the banks started receiving their massive infusions of taxpayer dollars, the state and federal governments realized that the very banks that were receiving this cash had in fact been engaging in a massive and systematic scheme to bilk the federal government out of billions of dollars in a massive fraudulent insurance claim scam. The revelations of this scam, which features the banks forging and fabricating millions of documents and creating entire divisions that are dedicated to carrying out the scam, is detailed in the 49 State Attorney General Consent Judgments and the Office of Inspector General Audit Reports. What these documents reveal is that the robosigning that everyone’s heard about weren’t the biggest part of the crime…they were merely the means to the real profitable part of the crime spree which was to submit billions of dollars in False Claims on government-insured loans.
As described in striking detail within the OIG Audit Reports, when officials from the Department of Treasury tried to investigate the on-going crime spree that was costing taxpayers billions of dollars, tried to investigate the crimes, the banks brought in teams of lawyers and simply refused to cooperate with the investigations. Apparently no one in America has actually read these audit reports but they are quite incredible in the detail with which they describe this arrogant stonewalling. Could you imagine a US taxpayer, when faced with an investigation of tax evasion and fraud simply telling the IRS agent, “I’m not going to participate in your investigation!” while at the very same time his wife is sitting right in front of them continuing to engage in the tax evasion and fraud that brought the investigators there in the first place? And yet this is precisely what happened. What’s most astonishing about this, again, is that you will not find a single word of this described in any mainstream press. And yet every single detail of this incredible scam is contained in several quite easy to read reports. Such is the sad state of mainstream reporting in America today. No one has bothered to read these reports. No one.
Now, the banks didn’t get away with this massive crime spree entirely Scott free. First one, then all attorneys general, from every state in the union began investigating. One attorney general, Tom Miller from Iowa was famously quoted, “Someone’s going to go to jail for all this.” And then, the very moment those words left his mouth, hundreds of thousands of dollars in campaign contributions came rolling in from the banks and institutions that were, nominally at least, the target of his threat. And then guess what? Nobody went to jail. Miller, and presumably every other, attorney general, collected millions of dollars in campaign contributions from the criminal cabals that were (again, nominally at least) the targets of their investigations. Can you guess what happened to their investigations into these free wheeling crime syndicates? Well, keep reading.
Fast forward to 2012. Attorneys general from all 49 states emerged from behind closed doors where they had all been meeting, in secret, with the bankers that engaged in a massive crime spree, the result of which was billions of taxpayer dollars stolen from the people and put into the coffers of the banks, and into the personal accounts of the executives that engineered the crime sprees. The alleged investigators stood there with the alleged targets of their investigations, all wearing the same gray suits and stern looks on their faces and announced a settlement of these claims where each of the banks admitted the details of their crime spree then agreed to use accounting tricks and fiscal sleight of hand to make some amends for their wrongdoing. They were all laughing at the American taxpayers who had been duped out of trillions of dollars and they knew the taxpayers were going to continue being duped by the absurd settlement they were announcing.
Oh, the banks did agree to pay some actual cash from their own accounts to compensate the attorneys general for all their time and trouble, but the majority of the fines they agreed to pay as part of their punishment would come in the form stealing money from the institutional sources who invested with the criminal cabals. Immediately after they inked their sweetheart settlement agreement, they put the settlement agreements themselves up on a website, along with a whole series of press releases and summaries. Then they engaged in a public relations Blitz Krieg. And again, none of the mainstream press bothered to read any of these agreements and they certainly didn’t report on any of this. Why bother to read the actual agreements when the propaganda apparatchik went ahead and produced ready to print news stories, complete with graphics and bullet points? The propaganda machine was and remains so slick, it’s so carefully canned and packaged that it’s just impossible for the mainstream press to scratch beneath the surface and even challenge the alleged facts, much less provide any critical analysis of the far more troubling aspects of the implications of this astonishing violation of the public trust.
In the months since the settlement was inked, the fantastically effective propaganda ministers continue to spoon feed propaganda to elected government officials, and the mainstream press continues to gobble down and regurgitate the bullet points and press releases that are spoon fed to them. This ongoing reporting coming in the form of quarterly progress updates….complete with nifty charts and graphs. In the recently released One Year Anniversary Report, Florida’s Republican Attorney General brazenly proclaims that:
Floridians Receive More than $8.3 Billion in Relief!
This of course is utter nonsense, when the vast majority of the “relief” is short sales of the properties and forgiveness of debts that could never be collected anyway. But why should the mainstream press allow such pesky things like critical analysis get in the way of a juicy headline…..one that is picked up by the wire services and reported over and over and over again.
But what is one of the very real and tangible aspects of the settlement that….surprise….not a single press organization has written about? Well, in the State of Florida, as a direct result of the settlement, the banks…you know, those criminal organizations that made billions by fabricating documents and submitting false insurance claims to the federal government? Well, part of the fines they agreed to pay have been provided to the state’s court system so that they can more quickly complete the foreclosures that remain lodged in courtrooms across the state.
Yes the very same foreclosures that are infected with the forged and fabricated documents that the banks admitted to creating in the Consent Judgments are being flushed out of the system with the entry of Final Judgments of Foreclosure that rip families out of their homes with ruthless efficiency and turn those homes back over to the banks that admitted they were engaging in crimes to try and take them back improperly. Some punishment. That’ll surely teach them.
And in case this point is not clear, let me provide another analogy:
What if the drug cartels settled with the attorney general, paid a fine and that fine was used to fund special drug courts with special staff and special judges were hired. And then what if immediately thereafter, the tens of thousands of drug cases pending across the state were just getting dropped, their attorneys assisted with getting those cases dropped by a court system that was only too willing to take a very biased and activist role in “resolving” those cases?
And this incredible circumstance is indeed what is occurring, right now, in courtrooms all across the State of Florida. The banks are being rewarded for engaging in a vast criminal conspiracy, the reward coming in the form of their very own court system, manned by retired, “senior” judges who are not subjected to the will of voters like all other Florida judges, pursuant to the Florida Constitution. It’s a brilliantly concocted scheme which is frankly a direct extension and continuation of the criminal enterprise operated by the banks…..their very own courtrooms with one minute scheduled for “trials” that make senior and veterans and disabled people and everyday Americans into the street. And yes, the “evidence” presented against them is forged and fabricated, fraudulent documents.
But judges will hear none of this. Those good attorneys who dare to represent Americans in these vast starchambers, mockeries of a failed American justice system face formal and informal persecutions and threats and lawsuits and personal and professional attacks by judges and the apparatus that is installed to carry out this campaign with brutal efficiency. Modern day firing lines…..with quotas. Those who interfere or object are executed.
Miami-Dade started rocket foreclosure trials (one minute for uncontested cases and five minutes for contested cases) several months ago. They have now begun in Palm Beach County and will soon start in Broward. I’m sure other counties will soon fall in line.
This is a ruthless and efficient process to clear the docket of foreclosure cases, most grievously, funded by Florida’s take of the 49 State Attorney General foreclosure fraud settlement.
I went to observe on Tuesday. About seventy trials were dispensed, all ending with a judgment and a sale date, in about an hour. Several families were there, begging for justice. Several foreclosure defense attorneys were there, and informed by the judge (retired due to aging out of judgeship per FL constitutional age limit and now back in the foreclosure senior judge employment program – my term), that they had to speed it up. BoA robowitness could not answer any basic questions, had never processed a payment, had never supervised payment processing, and had only a rudimentary working knowledge of anything beyond what the printout from the servicer showed was owed. Usually, this sort of fact witness would be disqualified but the judge overruled any attempt to have his testimony thrown out.
One case in particular was a 2007 American Brokers Conduit – Fannie Mae mortgage, serviced first by Countywide (the AS4000 system record debacle) and then by BAC Home Loans and finally by BOA. The senior homeowners, one a disabled vet, were paying the fixed rate mortgage payment of $1,855 on time and in full each month for a year when Countrywide force placed a $10,000 hazard insurance policy on the home despite the fact that they had their own policy. They then jacked up the rate to $2,650 each month, which the homeowners paid while trying to straighten out the insurance issue. Then, in early 2009, the homeowners received a letter stating that their recent payment of $2,600 had been received and processed but that their payment was now $4,500 and all future payments that were less than that amount would be refused.
The judge didn’t want to hear about any of this, cut off the foreclosure defense attorney and told him to go out of the courtroom, call his clients and tell them that the judge is going to grant the foreclosure.
Oh, and one final point just in case the facts in this story do not cause enough outrage. The end product of a foreclosure case is supposed to be a public foreclosure sale where the “bad” homeowner is thrown out of the home so that “good” independent third party investors and entrepreneurs can buy the home at a discount, sell it and get some more deserving homeowner in there. But this is not happening. The real party that owns the majority of mortgages is not Bank of America, Wells Fargo or whatever servicer happens to be collecting the payments. No, the real party is often Fannie Mae or Freddie Mac or one of the other Government Sponsored Enterprises. These “enterprises” are manipulating the sales so that they can take back thousands of homes at the time, then sell those homes in ten thousand chunks to pre-selected and hand-picked institutional investors, including one that is reportedly linked to the Chinese government in the case of the East West Bank Fannie Mae Bulk purchase. And even when a property does make it to the full “public” sale, increasingly the purchasers are not local parties, they are hedge funds who are purchasing the homes using the same failed math that the United States into this housing mess in the first place. Their purchase and carrying numbers simply do not add up, meaning they are hedging the risks and skimming the profit….the great Wall Street roulette wheel continues to spin!
Never before in the history of mankind have a people so blindly and without resistance surrendered to an invasion and seizure of their lands. Never before have an entire nation of people sat by so passive, so immobile, so mute while they and their children and grandchildren have been invaded, attacked and sold into bondage. Oh sure, Holland and France surrendered in mere days to Hitler’s invading army, but there were at least pockets of resistance, a few brave men and women had the courage to fight. Not so in Amerika 2013. We all just sit on the sidelines and watch as our nation is invaded, invaded by the marauding criminal enterprises, those joint operations…partnerships between entirely corrupt state and federal governments, the Wall Street money changers and the world wide banking cabals. They’re all operating with ruthless efficiency to quite easily seize more and more of the very dirt and land upon which this nation is built. Quietly and surgically throwing more and more of our people off their land and into the streets, and they’re doing it with no resistance at all. A bloodless revolution fueled by financial crimes and executed by a judicial system acting in concert with the criminal vast criminal enterprises that rule the globe.
God Help Us All.