We all see firsthand the travesty and tragedy that is Fraudclosuregate every day we step into courtrooms. We’ve all been screaming LIES and FRAUD and CRIMES for so long that I’m personally hoarse and just going out of my mind with frustration.
We’ve been asking for years for courts just to slow down, recognize the crisis for what it is and punish the criminal banks and their law firms for the LIES, the FRAUD and the CRIMES. But no one seems willing to do this. And so every day we labor on, filing Motions to Dismiss and arguing the same issues again and again and again.
The problem with failing to punish systemic LIES, FRAUD AND CRIMES is that the conduct continues, mushrooming out of control until we’re now in the situation that we are in now….CATASTROPHIC FAILURE.
I’ve asked this question before…..What if years ago, the big shots in leadership positions across this county listed to Judge Walt Logan in his MERS v. AZIZE opinion? What if anyone paid any attention at all to the systemic problems that were so plainly on display with the whole MERS fiction?
But it’s too late for that now…..no sense in saying, “We Told You So”……except that I still go in court every day and hear the same old question, “have you paid your mortgage and if not, Foreclosure Judgment Granted“….more of that even today. Even after all of this. Even after the ACLU lawsuit. Even after the LIES, the FRAUD, the CRIMES. Oftentimes courtrooms remain Kafka-esque.
The Long Term, Bigger Picture Consequences……
Standard and Poor’s long term credit downgrade of the U.S. economy is directly impacted by the foreclosure crisis, which has cost tax payers $148-billion to bail-out Freddie Mac and Fannie Mae so far. But S&P analysts expect ” extraordinary official assistance to large players in the U.S. financial sector” to be made to fix the housing market and the economy at large.
The prophecies of Revelation 17-19 are now coming to pass. The Dragon/Beast has already gained control of the eighth empire, the United States, and is on course toward global domination and imperialism. The judgment of the Great Whore is also underway with the ongoing collapse of the global economy, and the fall of Babylon is now taking place with the collapse of the U.S. Dollar, and the impending financial insolvency of the United States, and the Federal Reserve, the center of the global economic and banking system. These are signs that the arrival of the Kingdom of God is near at hand. However, there are yet more signs to be fulfilled before that glorious day arrives. Excited to see what God’s gonna do….
Politics as usual…here’s a great overview of the real issues behind the mortgage symptom: https://news.goldseek.com/GoldSeek/1303221043.php
I have to disagree with Mr. Weidner on his alarm regarding the credit rating put out by S and P and the doom that tries to portend. The next post details Senator Levin’s report and within that report we have proof of credit agencies intentionally inflating credit ratings concerning the securities to AAA which we know now was a false and fraudulent. I would not be surprised if the report by S and P threatening to downgrade America’s credit is not another false “sky is falling” report from the powers that be in order to influence the present deficit/debt debate wherein everyone is trying to paint the picture as so dire in order to drastically continue the shift of America’s resources and wealth away from the working and middle class to the very wealthy. We fell for this in 2008 when we were told the world would end if we did not pay billions to the banks for their bad practices. Lets not fall for it again especially if it means destroying the safety net of Medicare Medicaid and Social Security over some false alarm.
Our country’s spending is not out of control. What is out of control is that the wealthy and the corporations have paid fewer taxes than ever and our economy is worse than ever. In addition, we have never been a more active empire with five wars being engaged. (Iraq, Afghanistan, Pakistan, Yemen, and Libya.) You cannot continue to maintain an empire building war machine and not pay for it. Stop the wars, save a trillion dollars. Tax corporations and the wealthy gain another trillion dollars. Control health care cost by taking out the profit from health care save 2 trillion dollars.
Economy restored, doom averted.
Here’s Yves Smith on the Standard and Poor rating issue:
” The United States is simply not at risk of default. Default is impossible for a sovereign currency issuer.
The Standard & Poor’s rating firm should be embarrassed. If there is any political judgment at work here, it is S.&P. falling for politically motivated scare mongering. But given its track record with mortgage securities and collateralized debt obligations, why should we be surprised to see a rating agency relying on conventional wisdom rather than analysis? “
RE: “The United States is simply not at risk of default. Default is impossible for a sovereign currency issuer.”
It is possible for a sovereign currency issuer to default, it happened in Germany after WWI. https://en.wikipedia.org/wiki/Dawes_Plan Germany defaulted on its war reparation debt in 1923. Hyperinflation followed. https://en.wikipedia.org/wiki/Hyperinflation#Germany Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December 1923 the exchange rate was 4,200,000,000,000 Marks to 1 US dollar. The Dawes plan “fixed” the default, but that failed and was replaced by the Young plan in 1929, which coincided with the US Great Depression. From there Hilter rose to power, and the rest is history.
In more recent history sovereign defaults have been resolved with partial default, refinancing schemes or currency devaluation. https://en.wikipedia.org/wiki/Sovereign_default
Whenever I hear something like default is impossible, I cringe. They said it was impossible for the Titanic to sink too…
Neil Gillespie
Ocala, Florida
A lot of people were unable to pay their mortgage due to various factors, job loss or an accident etc. But such a situation wherein people were not able to pay money could well have been avoided, if people were smart enough to take homeowners insurance.