MORE ON FRAUDULENT PRACTICES OF NEW CENTURY: MERS ASSIGNMENTS CANNOT BE EFFECTIVE AS NEW CENTURY REPUDIATED ITS CONTRACT WITH MERS AS PART OF ITS BANKRUPTCY

 Here is a recent article taken from Foreclosure Defense Nation Wide website. You can read the full article by following the link at the end of this post. 

You can see that quite possibly we are seeing the uncovering of evidence that may get the country to open its eyes to how extensive the fraud and abuse have been by the banks.  It would be nice to have banks held accountable after screwing the entire country for years and for screwing so may hard working Americans out of their retirement.  They massive fraud and abuse has been seen as acceptable by the government crooks and the banksters who work in tandem to fleece the hard working people of our country.  All of the propaganda efforts by the government to pretend they are doing something is absurd and has been more wasted tax dollars taken by the banks to line their own pockets.  
You can see the arrogance factor still in play as Chase CEO brags of how deep their pockets are to fight to allow the banks to continue to commit fraud.  This has been the trump card in the past for the TBTF banks.  They have always had the deepest pockets and could intimidate anyone in order to keep them from filing fraud charges against them. 

The world is finally starting to wake up to the massive, pervasive, nationwide fraud which has been engaged in with impunity by MERS, Deutsche Bank, Wells Fargo, Bank of America, US Bank, and their servicers and “trustees” in their never-ending quest to reap massive profits at the expense of homeowners and damn the consequences. It is no longer homeowners who are seeking relief. Attorneys General are also taking action: the Attorney General of Massachusetts has sued several of the “banksters” for fraudulent mortgage practices; the Attorney General of Delaware has sued MERS for fraudulent practices both in foreclosure and its attempt to avoid recording fees; and yesterday, the Attorneys General of California and Nevada formed a joint task force to pursue foreclosure fraud. It is no longer a situation of simply foreclosure defense: the new wave is grounded in affirmative claims against the banks and their agents for their outright fraudulent conduct all over the United States.
The good news is that the CEO of one of them, that being JPMorgan Chase CEO Jamie Dimon, has publicly announced that JPM has plenty of reserves to defend the lawsuits against it. On behalf of the Attorneys General and  private litigants who are going after JPM for its nationalized pattern of fraudulent conduct, we thank you, Jamie, for affirming that JPM is a still a collectible entity.

MORE ON FRAUDULENT PRACTICES OF NEW CENTURY: MERS ASSIGNMENTS CANNOT BE EFFECTIVE AS NEW CENTURY REPUDIATED ITS CONTRACT WITH MERS AS PART OF ITS BANKRUPTCY

Attorney's scam the mediation system ripping off clients repeatedly

Attorney's seem to think they are smarter than everyone. I have not hired an attorney that lived up to their BS. This real estate meltdown is just another way for incompetent lawyers to take advantage of people who come to them expecting them to do something. It is a major scam because the lawyers from the banks come to mediation with no intention of doing anything and the majority of client lawyers just show up and do nothing more than mail a few documents.




Instead of doing their job, by looking at files and finding out if they can help a client during the consultation they gladly take 2500 and never speak to the client again until 5 minutes before their appearance and they then start lowering expectations by telling the client there is no chance at a modification.

There are thousands of cases exactly like this and the only reason lawyers get away with it it because they pretend being a lawyer is so difficult and that it takes some special genius to pass the bar exam.  This is complete propaganda and lawyers love it because they can charge ridiculous fees for simple cases that involve little or no law.  Often times a pro se defendant knows the case way better than their lawyer and cares a lot more too.  We have seen Nevada create a money farm for lawyers representing people in modification as they score thousands of dollars and most have never ever gotten a loan modification for their client.

How can I say this?  Well look at the numbers of loan modifications and then look at the number of people who have forked over 2500 to a lawyer who knows they will never do what it takes to get the job done.  It is a scam and the banks are in on it too. 
I have lost respect for 90% of the lawyers involved in real estate because they are taking advantage of a state mandated mediation process. They are doing mediation and they are representing clients, getting paid to do both and they lie from both sides of their mouth.
Lawyers are a lot like bankers and stock traders. They have created some mystic that they use to try and keep the people from realizing they are criminals and that being a lawyers takes no more brains that being a school teacher and in a lot of cases probably less.
We can see that our current president is a perfect example that law school is not a predictor of intelligence. From the looks of Washington it is a better predictor of narcissism and arrogance.
If you are ethical, and if you are doing your job, more power to you. The reality is that attorney's charge way too much for way to little with absolutely no accountability. they can totally suck and lose a case but they still get paid.
Does that sound Familiar? Bankers had the same freedom to totally suck and still get paid, still get bailed out by the taxpayer and still get million dollar bonuses after screwing the entire country.







Make big money in penny stocks today

US government turning into corruption machine

We are seeing it more and more everyday.  The government is becoming a virtual cesspool for criminal activity.  The current adminstration is behaving more like an organized crime ring that a government for the people by the people and of the people.  The Adminstration, along with banksters, seem unconcerned about any shady or underhanded activity.  It is as if they know they have immunity for anything they do to stick it to the American Middle class. 

Everyday they get more and more brazen.  Evidently they are lost in their own elitist world and beleive they can get a way with anything these days.  America voted in change they could believe in with the smooth talker who has never been a leader, never been challenged and extremely inexperienced.  We have seen lack of leadership and lack of direction since day one.  As we were suffering catastrophic job loss Obama pushed hard on health care instead of getting jobs for suffering people.  Whether you are for or against health care reform, it has to be a back seat to growing the economy and giving people jobs. 

Both the Republicans and democrats succeeding in destroying the American Dream of millions of Americans.  But that was not enough because now they are working on destroying the American dream for future generations and quite possibly for good. 


Here is a blurb from the full story at Naked Capitalism.  See below for link to the site. 

"Sleaze Watch:

NY Fed Official Responsible for AIG Loans Joins AIG As AIG Pushes Sweetheart Repurchase to NY Fed

The corruption in high places is getting more and more brazen with every passing day. The only thing that separates the US from conventional banana republic status is that no one leaves keys to new luxury cars on the desks of officials to secure their cooperation. It’s just not enough of an inducement to get anyone to take action.

Masaccio at FireDogLake was suitably outraged at this spectacle of a regulator getting a job with the biggest lobbying group in the industry he regulates…..and staying in his current oversight role:"

READ More on the Government Sleeze Factor Here at Naked Capitalism















http://www.tryneat.org/

find the scanner that can be your office assistant









Make big money in penny stocks today

A Reason to Stop Banking with Wells Fargo « naked capitalism

A Reason to Stop Banking with Wells Fargo « naked capitalism

This is a great story and certainly lays out a great case for not banking with Well or with anyone TBTF bank. All the TBTF banks are full of hypocrites and liars who never get questioned by the media or the government. The scam that was called a bailout of AIG was a complete fleecing of the taxpayer to benefit all large banks including JP Morgan , BOFA, Wells, Goldman Sacs and on down the line. We bailed out the banks once and then lined their pockets with more cash when we bailed out AIG so they could pay all the CDS they over sold to the TBTF banks. Now the banksters won't even work with homeowners that want to stay in their homes and they say it wouldn't be fair. EXCUSE me! What was fair about the bailouts that every single major bank took, even the ones that said the "didn't need it" of course. The allowance of accounting trickery to let the banks survive and dump all the burden of capital losses on to the homeowners. Congress failed to stand up to the banks and now it looks like the AGs are going to let the banksters off the hook too.


Check out the Flip Pal Here








Make big money in penny stocks today

Guest Post: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” « naked capitalism

Great Article from Washington's blog via Naked Capitalism. Washington hits the nail on the head.

We are witnessing reality that we never imagined would come to pass. Well I think most people never imagined it would happen or at least not to this degree. We even have a democratic in the White House and still the TBTF Banks and their executives are setting policy and running the country. It is as if Obama is their pawn and puppet, having his strings pulled for over 2 years. He was to be the man of the people but he is acting like a Right Wing free market capitalist who cares little for the enforcement of law or effective regulation.

I thought G Bush Sr. was out of touch with reality when he had no clue what it cost for a loaf of bread but Obama's blind eye to banking corruption and criminal activity trumps GB by far. I don't think we will ever be able to say that the democratic party is the party of the people because we are seeing the truth. Reality: neither party is for the people.

From

→ Washington’s Blog   (emphasis added by financial reality revisited)

In his acceptance speech for winner for best documentary at the Oscars, director Craig Ferguson said: Three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong. But none of the mainstream, corporate networks covered it. Not CBS, ABC, NBC or MSNBC.

Ferguson told Reuters:

“The biggest surprise to me personally and biggest disappointment was that nobody in the Obama administration would speak with me even off the record — including people that I’ve known for many, many years,” Ferguson said backstage.

He believes Americans, who lost homes and jobs in the millions because of shady mortgage lending and bank collapses, are disappointed that “nothing has been done.” 

“Unfortunately, I think that the reason is predominantly that the financial industry has become so politically powerful that it is able to inhibit the normal process of justice and law enforcement,” said Ferguson.

Indeed, as I have repeatedly pointed out, fraud is one of the main causes of the financial crisis.  Even Bernie Madoff tells New York Magazine:

“I realized from a very early stage that the market is a whole rigged job. There’s no chance that investors have in this market.”

“The SEC,” he says, “looks terrible in this thing.” And he doesn’t see himself as the only guilty party on Wall Street. “It’s unbelievable, Goldman … no one has any criminal convictions. The whole new regulatory reform is a joke. The whole government is a Ponzi scheme.”

The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC.

And yet the large corporate media never covers this issue. An October 2009 Pew Research Center study on the coverage of the financial crisis found that the media has largely parroted what the White House and Wall Street were saying. (The mainstream media is also pro-war.)

In fact, the financial industry has become so politically powerful that it is able to inhibit the normal process of justice and law enforcement, and the American press.

Read the full Story Here

 Guest Post: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” « naked capitalism

GET ORGANIZED TODAY

Make big money in penny stocks today