http://market-ticker.org/
As a good parent, most teach their children not to lie or cheat.
But with the advancement of the "NEW WORLD ORDER" to do so now leaves your child at a great disadvantage for their future earnings.
The top Talent of Wall Street's Investment Banking Scam Artists, seem now to be allowed to spit directly into the face any Judiciary they please with no questions asked.
To be a good parent now, one must instill the lesson of disobedience to not only the courts and laws they govern, but the laws of ethical behavior as well.
Very soon the position of law enforcement as well as the judicial system itself will become nostalgic relics of a long ago forgotten civilised society.
No law at all will be the order of the day
designed and enforced by the "NEW WORLD ORDER"
Dissenters of such order will all be sent back for reprogramming and if said reprogramming fails again, the consequences will lead to a termination of the subject.
Welcome to the mechanisms of the Machine called the
"NEW WORLD ORDER"
When Caught, Just Lie Some More!
Jesus....
Bank of America appears to have improved the state of the art in the creative foreclosure procedures department. I started hearing a few months ago about a sudden and suspicious increase in the number of foreclosures Bank of America was making in its own name. BofA was in effect saying that it owned these loans and had never securitized them. That seemed questionable, since the bulk of Bank of America’s mortgages had been originated by Countrywide, and Countrywide has said in its SEC filings that it securitized 96% of them.
Well that's easy - they never transferred crap. Now, with the payments not being made, they got a rather large problem in that department..... maybe a fatal one to their "wonderful" and "ethical" bank.....
1. Either Countrywide lied in its 2003 SEC filings or the loan was never on Bank of America’s books. Which would you believe?
2. Even though Countrywide appears to have intended to convey the loan to its CWABS 2003-BC6 trust, it appears never to have completed the steps. The assignments are legally void by virtue of being out of time and by being inconsistent with conveyance chain stipulated in the PSA (which would have been from Countrywide through at least one intermediary entity to the trust. So the trust does not now own the note either.
This means the odds are awfully high that Bank of America committed multiple frauds on the court, first on the state court in the foreclosures process, and now on the Federal bankruptcy court.
Naw, they'd never do anything like that, right?
The fun here of course goes to motive. Fraud upon a bankruptcy (and state) court is no small thing. It's one thing to "robosign" something that is technically correct but expensive to process correctly.
It's quite another to claim you own something when you don't - there the motive has to be that you'd get REALLY SERIOUSLY reamed if the truth were to come out.
Like, perhaps, that you still have all those notes in your files and never transferred any of them?
Well that could be a problem. In fact, it could be a really serious problem, because in this case the MBS holders bought nothing, you were paid in full, you committed fraud upon the MBS holders, and oh, incidentally, since you're the same person on both ends of the transaction now we have really big problems because the entire "arms length" thing goes up in smoke too, and that's one of the requirements to get "holder in due course" status.
How bad could this be? It could be very bad. It could be in aggregate hundreds of billions of dollars of notes that are - surprise-surprise - really owned by Bank of America (cum-Countrywide) and the losses thereupon could land on them, instead of on the MBS holders.
There is more than enough there to blow Bank of America (and all the other banks that pulled this crap) to well beyond the orbit of Mars - in tiny little pieces.
There also is enough (if we had an honest judicial system) to bring criminal and civil fraud and racketeering charges against literally everyone involved, since these acts would be hard evidence (if not proof) that the original acts were deficient and this is nothing more than an attempt to cover it up.
If you're curious as to why there are rumors floating around about an attempt to pass an ex-post-facto law that is clearly unconstitutional on its face, you shouldn't wonder why they'd try that any more.
This needs to be forced into the open now and both criminal and civil sanction applied to each and every act of deception and fraud that is found.
STOP ARGUING OVER THE "FREE HOUSE" CRAP. IT IS QUITE APPARENT THAT THERE ARE LITERALLY MILLIONS OF INSTANCES OF FRAUD COMMITTED BY THESE INSTITUTIONS AND NOT ONE HAS BEEN INVESTIGATED AND PROSECUTED AS SUCH.
STOP THE LOOTING AND START PROSECUTING - NOW!
PS: I wonder if this is an example of what Greenie was talking about?
