High Crimes

If you have followed the local trauma of the foreclosure market, perhaps this piece of scandal may interest you.  Most of the banking industry have used "robo-signers," to sign foreclosure documents and in truth falsify evidence.  These items have been notarized and presented to courts as being authentic, and the banks have been caught perpetrating fraud.  But that doesn't keep and unscrupulous bank down.

Recent reports have stated the banks are negotiating with Federal regulators, and plan to have the entire mess swept under the carpet.  However, since these regulators technically work for you and me, this is nothing less than treason.  (Link here to associated article.)  Quite honestly, with the securitization of mortgages, the robo-signing scandal, and all of the other frauds perpetrated by banks, perhaps they should just give you your house.  Stay tuned.  And watch all of these little indicators to see who the bureaucrats in D.C. really work for.  You, or the fascists in big government and big business.

Comments

[Powerball]

Hold on a minute!
This is just more of Obama! I'm telling you, whether intentional or not, this jerk is the most dangerous man America has ever know! He should be arrested for treason!
What the banks are doing has come from Obama's new regulations on the banking industry; that they must clean up their balance sheets, thus get rid of bad loans. They are quick to comply. First because the properties are now valued for less than what the original mortgage was, so people are only willing to pay for the new value. So the bank forecloses on the bad borrowers, sells the property to new borrowers, who under today's regulations are more able to borrow and pay it back, and then Fannie Mae and Freddy Mac, who is supported by YOU the TAXPAYER, pays for the loss from the first borrower. The banks make out well, and Obama is further able to ruin the American economy because he can force bankers hands.
Obama is worse than stupid. He is an economic terrorist!!!
And that's the truth!

[greeleygirl]

Two more homes in my neighborhood went into foreclosure. I have now lost over one hundred thousand on my house I bought seven years ago. Wow, Greeley, good from the ground down.................