Corporate fraud

http://www.articlesfree.co.uk/Art/4158/279/Corporate-Fraud-Laws-To-The-Rescue.html

Robo signers committed fraud, they were supposed to study over each case they signed off on for foreclosure to make sure all the necessities were in order to be able to foreclose.
MERS is more than just a case of fraud though, it also a entails grand theft charge for all those home that were taken from the fraud that was perpetrated against them.
In the UK and Hong Kong they also have a charge of corporate manslaughter.
If a corporate crime in any way had influence upon a persons death, said corporation can be charged with corporate manslaughter.
Think of all the people that have committed suicide over the loss of their homes, and the cold hard fact is, the banks had no legal rights to forclose, created by their own design (MERS) to protect their own greedy asses.

Criminology when referring to corporate crimes is the crimes that have been committed by the corporation or the persons involved with the day to day working of the organisation. This means that in the eyes of the law, a corporation is treated as an individual entity and any crime committed by the corporation may lead to imposition of penalties against it as well as the directors in charge of managing the company.

White collar crime refers to highly placed individuals in the upper echelons of a company that deliberately bend the law for their personal profit realisation. In this case the corporation is held accountable for the behaviour of its employees and may face restrictions as well as heavy fines. The majority of white collar crimes are committed out of greed rather than conceit.

The punishment for corporate fraud is generally a fine, and imprisonment ranging from 6 months to 10 years. It is difficult to detect corporate fraud, as people generally do not leave any trace of evidence, being masters at what they do.

State Moratorium regarding the 23 states issue

http://docs.google.com/viewer?a=v&q=cache:PAiAxgzKOXAJ:research.stlouisfed.org/publications/review/08/11/Wheelock.pdf+Individual+State+yearly+forclosure+totals+for+the+United+States&hl=en&gl=us&pid=bl&srcid=ADGEESjAqUKra_Bw7Zrc58pjD76wtJCk90a7NgbYER6V-HuUB80bE16iT8YhBR0b4qW7Cs4lRPmrFKW3J9UMb-H2Kl7kniHPCd6wVBTmNrA1rNTwSD8dQioz7PpUhSeCtzAMFu5ZsnKn&sig=AHIEtbQ0Zx3WkSwGy-r4GxKfh18fBU5hHg

This is an outstanding read and answers my question of why only the banks only stopped foreclosures in 23 states, which I think is wrong by the way. According to this paper it's 27.
During the depression the states tried to help the farmers out. They had a very high foreclosure rate.
Note the bold, the you need the FED's permission to read what they had to say, consequently they are blurred out.
I put it off to just another one of those national security secrets that everything falls under.
In other words you don't need to know the information
Check your state to see which category you fall in
Judicial or non-Judicial
The past and present look like they were created from the same template .

David C. Wheelock is an assistant vice president and economist at the Federal Reserve Bank of St. Louis. The author thanks Lee Alston,
Carlos Garriga, and Rajdeep Sengupta for comments on an earlier version of this article. Craig P. Aubuchon provided research assistance.

© 2008, The Federal Reserve Bank of St. Louis. The views expressed in this article are those of the author(s) and do not necessarily reflect the
views of the Federal Reserve System, the Board of Governors, or the regional Federal Reserve Banks. Articles may be reprinted, reproduced,
published, distributed, displayed, and transmitted in their entirety if copyright notice, author name(s), and full citation are included. Abstracts,
synopses, and other derivative works may be made only with prior written permission of the Federal Reserve Bank of St. Louis.



Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression



ECONOMIC IMPACT OF
FORECLOSURE MORATORIA

Governments cause both immediate and
long-term effects when they rewrite the terms of
contracts between private parties. The immediate
impact is redistribution of wealth between the
parties of the affected contracts. The temporary
foreclosure moratoria and most other changes in
state mortgage laws enacted during the 1930s
favored borrowers over lenders. These actions
interfered with the rights of lenders to seize col-
lateral pledged by borrowers to guarantee payment
of their mortgages. Several states also enhanced
the rights of borrowers to redeem foreclosed
property and limited the rights of lenders to sue
for deficiency judgments.
One immediate effect of mortgage relief legis-
lation during the Depression was reduced farm
foreclosure rates (Rucker and Alston, 1987).21

WSJ: Bank of America Suspends Foreclosures

http://online.wsj.com/article/SB10001424052748703859204575526491393115712.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Nancy Jean Connolly hit the nail right on the head when she described in layman's terms the con that the mortgage banks have been pulling right before our very eyes.
The Grand Illusion, so to speak
Making money hand over fist,3 separate ways and once again laughing all the way to the bank, while they do it.
Well You know what they say
He who laughs last, laughs best.
It's your turn to laugh
Make sure you take it.

2 hours ago..nancy jean connolly wrote:
.

the housing market will benefit from stopping the theft of house by unchecked banks. Chase has been buying homes from itself in unadvertised sales for $100 and flipping them for immediate six-figure profits, plus they used mtg insurance for the "loss" on the house from the family they tossed out. and then they sue for the 'deficiency' of fees, penalties and interest. they get the house to resell, the mortgage amount from the insurer and then they...sue.
A three-fer. Homeowners are fleeced three ways.
Delighted to see the states face down the scam. Shame on the impotent Geithner/Phyllis Caldwell team at Treasury who blandly praise their own efforts. The states see things clearly and once corrected, any defaults will be resolved.
The vultures paying half price for houses may be less smug when the prop tax bills do not support the schools, fore, police etc. they expect. Good luck with that.