Friday, October 15, 2010

Obama Hit by Foreclosure Scammers?

Holy Hell. From ZeroHedge:

Just like we have been saying all along, this is so much bigger than  "affidavits."

Here is another piece of the puzzle, without bringing up the REMIC issues...

Now that YOU are effected personally in this, Mr. President, what are you going to do about it?

Let's get off the whole CNN Axelrod signals White House opposition to foreclosure moratorium BS...

"The Obama administration opposes a moratorium on home foreclosures, but wants problems involving improper paperwork resolved as quickly as possible, senior adviser David Axelrod said Sunday."I'm not sure about a national moratorium,"

Like my dear friend at the Hamlet puts it
It’s not the foreclosure affidavits only. Hello? It’s the whole kit-n-caboodle. it’s the fabricated assignments of mortgage, fake allonges, robo-stamped endorsements in blank, and satisfactions of mortgage, ignoring SEC and IRS regulations, disregard for the steps required by the REMIC rules. It’s all the top national banks and their servicing arms. The whole of it is a sham. Don’t believe the propaganda that insists otherwise.

Got it?

Now for the fireworks...
I won't quote the whole thing, but the post (appears to be Michael Redman from gets into how it's quite likely that multiple people were posing as Marshe Craine, the same "vice-president" from Chase Manhattan, in the same sort of documents that Obama put up. "Marshe" had one signature in one form, and an entirely different signature in Obama's forms. And wasn't with Chase to begin with, but another (sketchier) outfit called Mortgage Electronic Registration Systems, or MERS.


Of course, the whole thing relies on photos that I haven't reproduced here, so you should check it out yourselves. And it's not exactly unlikely that this would happen, because it has apparently happened to half of the damned country!

But it does put things in perspective:

So you see, this whole Foreclosure-Gate crisis has nothing to do with the "deadbeat" borrowers, it never has.

It has to do with the complete lack of the respect of the law by the banking industry.

They got away with it up until now and are trying their damnedest to paper over their crimes.

It is time to say no more...

They tricked all of us, even you Mr. President, and completely disregarded the basic laws of this country to make a buck.

I have been beating this drum, along with a few others, for years now and it is time to come to an end.

Mr President, now that you have had the fraud perpetrated on you personally, what are you going to do about it?

The system is broken and the foreclosures need to be stopped NOW.

It is actually worse than you can imagine...
What's that old line? Look at any great fortune, and you'll find a great crime?

Well, we knew what the fortune was. And now we're discovering the crime.

No comments:

Post a Comment