MORTGAGE FRAUD WAS NOT ONLY NEVER FIXED, BUT IT WAS ALSO NEVER CHANGED AT ALL. FORECLOSING PARTIES ARE STILL ASSIGNING MORTGAGES AND DEEDS OF TRUST TO TRANSFER THE OWNERSHIP OF YOUR DEBT. THE SUPREME COURT MADE IT CLEAR THAT AN ASSIGNMENT OF A MORTGAGE HAS NO EFFECT... IN 1872!

Sunday, May 15, 2016

CONTRARY TO POPULAR BELIEF

CONTRARY TO POPULAR BELIEF

THE FOLLOWING CALCULATION IS RIDICULOUS MYTH AND LEGEND-- 
“BAD MORTGAGE LOAN” = “BAD MORTGAGE BORROWER”

“I know no safe depository of the ultimate powers of the society but the people themselves and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education. This is the true corrective of abuses of constitutional power.” 


― Thomas Jefferson, Letters of Thomas Jefferson

by DANNY HAMMOND

I posted an article on Facebook the other day and mentioned the movie “The Big Short”.  A good friend and someone I would never lecture just happened to comment on my post that he liked that movie and felt like that he had to watch it three times to understand what these Wall Street Guys were actually doing.

I meant to write a short statement something like, “The Big Short” is an excellent history about Wall Street and its penchant for inventing out of thin air financial instruments of no value to sell to institutional bond investors such as the Boston Police pension fund, The San Antonio Teacher’s Retirement Association, and thousands of others. But, this movie and most media reporting are drawing a direct comparison to the mentions of bad loans, subprime loans to bad borrowers. I think that is ultimate bullshit and grossly affects the already jaundiced perspective of much of America, while diverting our attention to the inventors of the instruments that assured the destruction of the life savings of tens of millions of Americans.  READ MORE


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