Matt Weidner – Fighting For The American People

Posts Tagged ‘bank fraud’

Robosigning: Fraud and Foreclosure from NC UnitedPower on Vimeo.

I appreciate the struggle our government officials face in dealing with the Fraudclosure crisis.

Please listen to a very clear, very simple explanation of what bank fraud, wire fraud, mail fraud, corruption and respect for the law and our courts means.

JEFF THIGPEN VIDEO

It’s long past time for Americans, and especially those who live in Florida to WAKE UP!  It just so happens that Tampa is in many ways, the epicenter for the kind of fraud, abuse and criminality that we’re seeing protesters stand up against in New York City.

The banksters (criminals in their own right) and the criminals they’ve paid off in Congress and state houses all across this country do not respect The People any longer and they certainly do not fear us any more.

It’s time to WAKE UP! Please join with me in supporting OccupyTampa.  Please log on to their Facebook page , join and contribute a few dollars to support the cause!

The very real examples of foreclosure fraud are not just fodder for internet chatter or blogs, it’s now a regular feature in news and on in the floor of the United States Congress.

Please log in and watch this video here.

As an attorney who defends consumers in mortgage foreclosure cases and who is helping consumers with mortgage modifications, I sometimes hear opponents or other parties argue that the people who ar in foreclosure should just be thrown out of their homes…who cares about any other issues about what the banks did wrong.  One consumer who gets the problem and is doing something about it is Paul Muckle, who filed a federal lawsuit, Muckle v. USA.  In this lawsuit, he sues Bush, Obama, Geithner, Paulson and the governors of all fifty states….but more on that later.

Widespread and Systemic Fraud

Problem is the individual foreclosures are just the tip of the iceberg.  The real issue is the systemic fraud that went from the top to the bottom of the entire world economic system.  Banks, mortgage companies, Wall Street, Washington DC and world financial centers all conspired to take billions of dollars in shift it from the general population and concentrate those billions in the hands of a few.  If the initial fraud and scheme wasn’t bad enough, the bailout and billions that are being poured right back into the system represent a second bajillion dollar heist.

It’s difficult to explain the intricacies of such a wide ranging systemic fraud, but here are the basics.

1.Mortgage brokers begin the fraud when they concocted information about income/assets and value of property on the individual loan applications. (Brokers pocket thousands on the individual loans.)

2. Mortgage lenders pool thousands of the fraudulent loans into packages then sell them to brokers on Wall Street. (Lenders pocket millions on the packages.)

3. Wall Street brokers sell the packages of mortgage loans to retirement funds and investment groups around the world. (Brokers pocket billions on the packages.)

4. The investors who purchased the packages discover the pools of loans are fraudulent. (Investors demand millions in refunds and some are made whole with US taxpayer dollars.)

5. The institutions and individuals that started and perpetuated the fraud are paid millions (billions?) allegedly to help correct the problems they created. (They shove millions in their pockets.)

MUCKLE V. USA

The link that appears here will take you to a 106 lawsuit that a private consumer filed that lays out in painstaking detail exactly how the fraud worked and explains a bit of the long term consequences.  It also makes a compelling argument against the continued pursuit of foreclosures that are part of the problems as explained above.  Give it a read, then contact me if you have any questions.

SUE THE USA FOR THE MORTGAGE MESS!

Wow!  Every once in a while I read something truly mind blowing…totally off the wall and completely revolutionary.  I found that just a few minutes ago in a lawsuit filed by private citizen Paul L. Muckle and suing Barack Obama, George Bush, Timothy Geithner, Henry Paulson, Sarah Palin and the governors of all fifty states…that’s ballsy!

All 106 pages of this masterwork can be found here. Although it is drafted by a layperson, it really is brilliant and lays out quite remarkably a variety of causes of action that could (on a longshot) and probably should be pursued against all the elected and appointed leaders who were complicit from the very beginning in the financial fraud that brought this country to its knees.  As this crisis continues (and the truth of the matter is its quietly getting worse), we owe it to ourselves to read this lawsuit and at least understand some of the allegations.

Fraud, lies, conspiracy and treason!

The mess that is our current financial, banking and mortgage system is more than even the most sophisticated person can possibly comprehend.  I spend ten hours a day working on this problem and the deeper you dig, the more complex, convoluted and mysterious it becomes.

Take a moment to read it….staggering.