http://www.zerohedge.com/article/whistleblower-speaks-fraudclosure
The Federal Reserve wants to initiate GE2 because all the crap that this person speaks about here has hit the fan, and the only way for the banks to clean it up is for the FED (who's your Daddy) to buy it up for them and stick the taxpayer with the tab.
How convenient.
The FED is a private banking institution America, it's made up of share holders like JP Morgan, Goldman..ect..
Their loyalty is not to the American economy, it's to their own.
This is a National Security problem.
It's called "High Treason".
It's one of those specifics written about in the Constitution of the United States.
The willful purpose of the devaluation of the Dollar.
The penalty is execution.
Zero Hedge has been approached by an individual who participated directly in the various aspects of what is now broadly known as Fraudclosure. The below narrative recounts his experience in the due diligence process of selecting loans for the MBS pipeline. And far more than just legalese "technicalities" or a broad abrogation of property rights, as he points out there is a far more palpable issue for all those who hold Mortgage Backed Securities or other pool aggregations of mortgage loans: "we have no idea what is in those packages." This coming from the person who helped pick, diligence and sort through the various loans...
Full exposition:
The truth behind the foreclosure crisis.
Yes, I am choosing to remain an anonymous coward. I just have been waiting this shoe to drop for a long time. The last thing I want to do is have to explain myself and get my ass sued for defamation. Not worth it.
This much I can tell you. We have no idea what is in those packages. I personally packaged billions in MBS which have been placed on public shelves. Those assets were underwritten by Goldman, Morgan or name your investment bank.
I started packaging loans as early as 2003, at the beginning of the crisis
