Audio-Video Coverage related to the Foreclosure Crisis

The biggest and longest-running unpunished theft in history

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The Crisis of Credit Visualized

How Insiders Rob Banks and Cause Crises

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Bill explain how banks caused the financial crisis and why it was completely avoidable.

Savings & Loan fiasco and Ameriquest mentioned.

"Remember there is no Fraud exorcist. Once it starts out a fraudulent loan - it can only be sold to the secondary market through more frauds."

Exposing Massive Home Foreclosure Fraud

Lynn Szymoniak 9/2012

Lynn Szymoniak explains robo signing and other details of her case

THE PERFECT CRIME

UPDATE: The Murray family was wrongfully evicted from their home on May 14th by 3 armed deputies and 3 men sent by BoA to insure they were removed.

10 years of illegal foreclosures

Same Story - Same Newscaster

 In foreclosure - even though - they made all their payments on time.

2002-2003:  Mortgage Madness

2013: Man fights to save foreclosing home

Martie Salt: "quot;An Orlando father is worried he could lose his home - even though - he has always made all his payments on time and sometimes has even overpaid." 

He said Wells Fargo offered him a mortgage modification but decided to foreclose on him after he made the payments. The question is: "How can the bank get away with doing something like this?"

The Secret of Oz

Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.

US Banks Operate an Illegal Home Foreclosure System, Unfettered

The Real News interviews Yves Smith

"... a significant number of their clients facing foreclosure has (sic) made every single mortgage payment."

Academics have been writing about this since 1998!

Matt Taibbi on Big Banks’ Lack of Accountability

February 1, 2013
The journalist explains how our government — fearing another economic calamity — lets big banks off the hook for detestable behavior.

Mortgage Crisis in a Nutshell

presented by attorney John Campbell

Oral Argument in Zervas v. Wells Fargo

MUST WATCH!

Judge: "If the trust does not give Wells Fargo the right to litigate….THEN THEY ARE OUT OF COURT"

"I hate to spin into the abyss…but Freemont Investment and Loan is not a legal entity is it?
And quite honestly, I’m not sure an entity with no legal existence can make any kind of assignment."

HOME LOANS FROM HELL

Dual Tracking

Criminals are stealing homes, and not a soul is stopping it.  This is craziness!

It is shameful and inexcusable that after 15 - 20 years, America is still hearing the same stories because judges. lawyers, law enforcement and government are criminally aiding these criminals. 

h/t Mandelman Matters

This stunning visual shows Nevada's Notices of Default filings before and after AB 284 passed.

In October of 2011, the State of Nevada made national news when it passed a law related to foreclosures known as Assembly Bill 284. It was often referred to as Nevada’s “robo-signing law,” because among other things, the law made it a "felony" for loan servicers to sign documents without “personal knowledge” of who owns the note, and it further required lenders to provide an affidavit showing they have the authority to foreclose.

Homeowners, Advocates Want 

BANK REPS and LAWYERS
JAILED for FORECLOSURE CRIMES

"Our investigation finds many of those foreclosures didn't have to happen. They were actually done ILLEGALLY. "

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The average homeowner would be indicted. The five major banks - nothing happens. 

And you have to wonder why.

CBS Atlanta 46      

Courts know about the problem, and so does law enforcement; but no one has been held criminally responsible for what some call "the largest fraud ever perpetrated on Americans."
Banks and their lawyers used phony documents to force people out of their homes. The documents were created because banks lost the original documents, and they are swindling homeowners, taxpayers, judges and the banks' government to help them cover it up.

Register John O'Brien's office no longer accepts assignments signed by known Robo-Signors. His staff returns them to the bank with an affidavit asking bank officials to swear to their authenticity. He says - no bank has ever done so.

"These banks acted as a criminal enterprise. They crossed state lines, they recorded fraudulent documents, they committed forgery and they committed mail fraud. They used the United States Postal Service to mail these documents to Registries of Deeds." - John O'Brien Salem County, MA Register of Deeds

For Americans emerging from the foreclosure crisis, the firm line that once separated the security of homeownership from the insecurity of homelessness was suddenly blurred. "Back in the 30s, they created public housing to catch people who could become homeless because of the foreclosure crisis. Today, we're in a similar time, people need a safety net but it doesn't exist anymore. 

Australia’s Sub Prime Mortgage Scandal Grows

Australia’s largest banks are being forced to "forgive mortgage debts" of borrowers granted loans based on falsified or fraudulent information supplied by mortgage brokers.

From the transcript:

KATE THOMPSON: I do not think there was a bank or non-bank lender that wasn’t doing it. I – from my files alone, I am certain I could evidence every single bank.

In 2007, Kate Thompson was WA Mortgage Broker of the Year. Now, she’s facing fraud charges.

These people are losing their homes and there is nothing I can do except tell it like it is. 

Mandelman Matters PodCast

Catherine Austin Fitts: 

If you have never heard what Catherine has to say about our current crisis… well, you’d be insane not to take advantage of this opportunity. Because as she’ll explain, it wasn’t an accident, it’s been in the cards, as they say for so long I’m not even going to tell you how long, except to say that it has something to do with Iran-Contra.
And she’ll explain what the War on Drugs has to do with mortgages too.   This is an opportunity you do not want to miss under any circumstances.

Catherine Austin Fitts : 

Deliberate Implosion of the U.S. Economy

Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago -- around $12 trillion -- has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.
READ ENTIRE ARTICLE http://www.infowars.com/catherine-austin-fitts-the-looting-of-america/

Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.

June 22, 2012

Matt Taibbi and Yves Smith discuss the folly and corruption of both banks and government.

MATT TAIBBI: There's vast criminality in Wall Street now. It's bribery, theft, fraud, bid rigging, price fixing, gambling, loan sharking. All of these things, it's all organized.

YVES SMITH: If you really believe that CEOs of businesses that are really fundamental to the economy are corrupt, you have to think of a very serious restructuring of the business and financial system.

Last week Manhattan DA Cy Vance filed charges against Abacus Bank and 19 former employees for committing mortgage fraud. Does this mean more prosecutions of other banks for crimes committed prior to the housing crisis? Probably not, according to Bill Black, former regulator and current professor at University of Missouri-Kansas City. Bill tells Bloomberg Law's Lee Pacchia that there is a profound lack of resources in state and federal government to investigate and prosecute banks and employees for mortgage fraud despite substantial evidence of criminal activity. Bill also claims that Treasury Secretary Timothy Geithner has discouraged regulators and prosecutors from pursuing large banks for malfeasance and fraud.

Episode One

Inside the epic rise of a new financial order -- and the trouble that followed.

Episode Two
How U.S. leaders struggled to respond to a financial crisis that caught them by surprise.

In a stunning move that has civil libertarians stuttering with disbelief, the U.S. Senate has just passed a bill that effectively ends the Bill of Rights in America.

This bill, passed late last night in a 93-7 vote, declares the entire USA to be a "battleground" upon which U.S. military forces can operate with impunity, overriding Posse Comitatus and granting the military the unchecked power to arrest, detain, interrogate and even assassinate U.S. citizens with impunity.

Gretchen Morgenson: Wall Street Really Does Enjoy A Different Set of Rules Than The Rest of Us

Gretchen describes the Government-Sponsored Enterprise (GSE) business model and it's adverse impact on the global economy.

VIDEO TEACH IN | 100 FACTS ABOUT SECURITIZATION

WITH LYNN SZYMONIAK AND LISA EPSTEIN

Attorney General Kamala D. Harris Announces 

Homeowner Bill of Rights

The legislation is designed to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state's urgent mortgage and foreclosure crisis.

Joined by Senate President pro Tem Darrell Steinberg and Assembly Speaker John A. Pérez, Attorney General Harris announced her sponsorship of six bills designed to guarantee: 

- Basic standards of fairness in the mortgage process, including an end to dual-track foreclosures 
- Transparency in the mortgage process, including a single point of contact for homeowners 
- Community tools to prevent blight after banks foreclose upon homes 
- Tenant protections after foreclosures 
- Enhanced law enforcement to defend homeowner rights - paid for by fees imposed on banks 
- A special grand jury to investigate financial and foreclosure crime 

"We don't want to be a warehouse of stolen property."- NC County Register Jeff Thigpen

North Carolina County Register Jeff Thigpen discusses the false documents filed in his county.

from HARRY's LAW

A small clip from an episode of Harry's Law. A women who lost her house due to the mortgage crisis, and her bank screwing her over with refusing to work something out, and makes a statement by robbing her bank.

Occupy LA Teach In with Professor William K Black

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