Showing posts with label government collusion. Show all posts
Showing posts with label government collusion. Show all posts

Wednesday, November 10, 2010

The Press Continues To Wake Up

http://market-ticker.org/akcs-www?post=171792

Are you there yet America?
Mad enough to take your country back?
Or are you willing to settle for a life with "no rule of law"?
We're not children to be ruled over for our own safety, without mind or experience enough to understand that whats being meted out is no longer for the benefit of our welfare but for that of those that would abuse us.
It's time for the last curtain call on this show and to end the wealth of it's run.


If you were wondering if the Federal Government was engaged in a conspiracy (yes, that word) with the large banks to steal houses, you no longer need to wonder.

It is .

But even as it closed the door on state oversight, the OCC chose itself not to scrutinize the foreclosure operations of the largest national banks, forgoing any examination of their procedures and paperwork. Instead, the agency relied on the banks' in-house assessments. These provided no hint of the problems to come until they had tripped the nation's housing market, agency officials later acknowledged.

Dateline: 2007.

Where have we seen this before? Oh yeah: When the OCC went to court with the backing of the Bush Administration to block enforcement of state predatory lending laws.

That's right folks: The so-called "regulators" regulated your right to a fair deal - they made sure you didn't get one. They knew the banks were cheating and playing games - effectively robbing the people - and not only did nothing, they blocked the states from putting a stop to it.

Now can someone tell me, once again, why we as Americans continue to respect the Federal Government?

And don't give me this crap about "they have guns."

I remind you that in the 1960s and early 70s the government had lots of guns too, and yet the people effectively forced the government to withdraw from Vietnam.

When the people of this nation - hundreds of thousands of them - are willing to lay peaceful siege to Washington DC - to be "in their face" every single day without fail, refusing to leave, being in the face of every Congressman, every Senator, every FOMC and Federal Reserve Board Governor, every OCC employee - at their office, in front of their house, where they appear to give speeches - then, and only then, will the banks robbing people stop.

Just 1/2 of 1% of the population of this nation would be over 1.5 million people.

We get robbed because we, thus far, are consenting.

We get robbed because not even 1/2 of 1% of the population will rise and demand that it stop, the banks involved be closed and their executives prosecuted - being "in their face" - on a literal daily basis until it does.

Monday, November 8, 2010

Banks Brace for Costly Fights Over Mortgage Mess

http://finance.yahoo.com/news/Banks-Brace-for-Costly-Fights-nytimes-2170039967.html?x=0&sec=topStories&pos=7&asset=&ccode=

Yeah the INVESTORS know that the banks have committed FRAUD and embezzled money from them,
But somehow NO ONE in the Government can see any crime that has been committed.
WHY?
Because they are complicit in the banks actions up to their eyeballs.
They can't even smell the aroma of the crap anymore because their noses are to far buried up the banking industries ass, with the private banking entity called the FED, being the ultimate ass Master that they will continue to allow the country to be stimulated by.


Updated Even as investors put aside their worries on Friday about the effect of the foreclosure mess on bank stocks, new signs emerged of what is likely to be a long and expensive legal battle for the financial services industry over mortgages gone bad.

Citigroup disclosed in a regulatory filing that it was being sued by several investors, including Charles Schwab and the Federal Home Loan Bank of Chicago, in an effort to force Citigroup to buy back soured mortgages that the investors contended did not conform to proper underwriting standards.

Meanwhile, Wells Fargo said in a filing that it "cannot estimate the possible loss or range of loss" from these cases, and Bank of America said in a filing that investors holding $375 billion worth of mortgage securities had filed similar suits.

In a separate announcement, however, Bank of America said a lawsuit brought by