CNBC Senior Editor Says Congress Will Pass Law Sanctioning Foreclosure Fraud As Banks Continue To Rob American Citizens
The Intel Hub
Oct 16, 2010
As the foreclosure crisis deepens, the calls for criminal charges against the big banks have steadily mounted. The whole reason laws are created are to prosecute criminal acts such as those carried out by JP Morgan, Citigroup and Bank of America.
Apparently their are some who believe that Congress will actually pass a law sanctioning bank fraud. Senior CNBC editor John Carney has predicated that Congress will pass a bill in the lame duck session that would do just that:
Sorry Folks, The Put-Back Apocalypse Ain’t Gonna Happen
CNBC
Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act……..
The put-back crisis is not driven by economics. It is driven by legal rights. And there’s simply zero probability that the politicians in Washington are going to let Bank of America or Citigroup or JP Morgan Chase fail because of a legal issue.
Its almost as if TPTB are putting forward this idea to gauge how the public would react to basically giving the go ahead on nation wide fraud. The major banks have funded both political parties to basically shill for their companies and pass unconstitutional laws that sanction scam after scam.
I can tell you right now! IF Congress Does pass something like this…. That then means LAWLESSNESS IS ALLOWED! That means ALL LEGAL CONTRACT CAN BE REWRITTEN AT ANY TIME TO FIT THOSE IN POWER! Sherrie Questioning All
Dylan Ratigan recently did a segment on his show that highlighted some of the illegal acts that could possibly become LEGAL.
Families have literally paid their bills on time and instead of taking money off their mortgage the banks have actually ADDED money to it. Other citizens have had their homes, which were NOT in foreclosure, actually broken into in an attempt to change the locks. We are witnessing the big banks blatantly robbing American citizen with little to no help from our Federal Government.
If CNBC and the Federal Government believe they can sanction mortgage fraud then they have another thing coming. The big banks have already robbed America for trillions of dollars and are deeply involved in the staged economic collapse of America.
Unfortunately this is all part of the stated goals of groups and private organizations such as the Federal Reserve and The Council on Foreign Relations.
To paraphrase White House Science Czar John P Holdren, ” We need to use the free market to de-develop America.”
As America citizens we need to demand that the money masters behind the banks are prosecuted for fraud and possibly even treason.
Follow @IntelHub
The solution, IMHO, is commercial redemption.
You know if people cancelled their checking accounts and stop investing into these arrogant banks then maybe we the people will get our power back. Invest in salt, land, heritage seeds, in useful things as oppose to new computers, new cell phones, new cars, etc.
I refuse to deal with the banks, I refuse to fund their agenda. Live within your means or better; quality instead of quantity.
they will pass making mortgage fraud legal if they want to be hanged in the street. cause thats what will happen when they do
The banks have temporarily held off on foreclosures until after mid-term elections. They will soon proceed as before, but streamlined via some slap dash bill they write up for Congress to rubber stamp. Much like TARP and Health Care, both of which faced overwhelming opposition by the general populace, ‘The Great Real Estate Swindle’ will further prove there are no lengths the bankers will not go to separate you from your money, your home, or your financial future.
The banks already legally steal every penny (principal and interest) ever created. A little rubber-stamping won’t stop this.
A legitimate federal government (of the people) would perp-walk the CEOs of every interstate bank on racketeering charges (treason, genocide and counterfeiting also come to mind.)
Given that the bankers are current on their government lease, you can expect “fraudclosure” legalization soon (to save the real estate market.)
If the people can’t see the enormous fraud built into how money is created and loaned, why would a little shoddy paperwork bother them? The banks will probably pay a fine for their stupidity while politicians preen over a great victory for consumers. The money collected will find it’s way back to the bankers, anyway.
We can fix this: perfecteconomy.com
If the American legal system had not been turned over to the cartel/monopoly of the legal racket where the worst of the bunch, political lawyers, become the judges, then the people would know how to correct this travesty of justice.
Simply stated, JURY NULLIFICATION, would solve the problem. But the legal racket has conspired with our real rulers to use the courts against the people instead of for justice. The mainstream media, doing what they do best — the propaganda for the empire — refers, incorrectly, to the OJ case as JURY NULLIFICATION. Ironically, freedom of the press (such as it is) comes directly from a case of JURY NULLIFICATION: The John Peter Zenger case. Google it.
Under JURY NULLIFICATION the first time the banksters tried to use this ex post facto law (also unconstitutional, but who cares about that) the jury would slap them right out of court. But no, the American people have been led to believe that voting counts. Believe me, if voting mattered, they’d outlaw it. The only way to regain our rights is through FULLY INFORMED JURIES.
Best,
Bob