Real Estate Lender Implosion

[BUDDIEE18]

[Administrating:7053] Fwd: FW: Bankers are going to jail?

Four years after the crash that plunged the world into chaos thanks to mortgage backed securities and banking greed, a tiny handful of perpetrators are being put behind bars. Here are three very recent articles that highlight this:


1.Firstly, the front cover of Time Magazine: "This Man is Busting Wall Street." - http://swampland.time.com/2012/02/01/prosecutor-preet-bharara-busts-wall-street/

2.Secondly, a top executive gets busted for running a company that fraudulently signed mortgages which resulted in thousands of illegal foreclosures: http://www.huffingtonpost.com/2012/02/07/robo-signing-docx-missouri_n_1261369.html

3.Finally, it looks like some banks may get away with it. If there is no investigation, they will: http://usawatchdog.com/will-big-banks-get-free-pass-in-robo-signing-mortgage-mess/


What you need to know is this: all mortgages are frauds because no money is actually lent. Loans are created out of thin air by banks who call them "loans", and then have the audacity to charge interest because. Most loans are securitisied (sold) which means that the bank loses all rights to the debt. This is not conspiracy nonsense, it is a confirmed fact. The sooner society wakes up to this, the better.
Now, some mortgages take the fraud a step further. There is proof in the US (see point 2 above) of banks who paid companies to hire under-aged students to sign documents because they "lost" them in the securisation pool. They brought these forged documents to court, pretended they are real, and illegally foreclosed on thousands of homes.
Once again, we encourage all of you to open your eyes and learn what is going on in the world of banking and finance. There is no knight in shining armour who is going to come and save you. You save yourself by studying this information, sharing it, and making some very tough decisions for your family's future.
If you are a banker who has a soul, please switch teams play on the side of truth... before it's too late for all of us.
--The JJC

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