For several months I’ve been in active discussions with some “business associates” who have unsuccessfully attempted to entice me with an offer of wealth fame and fortune — I’ve gracefully refused their offer for good reasons that I’ll describe in this post.
It’s been awhile since my last blog post, but I assure you — this one’s a bit of a doozy.
I won’t belabor the step by step chronology of the entire mortgage meltdown. We all know what’s happened over the past year, or so, and some of us have suffered through the unimaginable consequences of failed American capitalism.
What we haven’t known until now, is what’s been happening with the massive number of foreclosed homes that have been flooding the housing market. Of course, the correct assumption is that they’re ultimately sold to another homeowner, but what I am going to reveal to everyone is one of the most pathetic, disgusting schemes that’s taking place right under our scarred noses. Most disgusting, is that the scheme is totally legal, but until now, known exclusively to an “inside circle” of investors — in my opinion, it’s a grave moral concern.
Here are the circumstances as I personally know them. Yes; what I am revealing here is based on factual, first-hand knowledge and I can also provide documented, verifiable proof of this legal, immoral scheme to any member of the media upon request.
1) Unknowing, uneducated borrowers were convinced that they could live the American dream by obtaining a home loan, and in some cases, “repair their credit” by paying on a designer loan for a two-five year period. As most of us know, disclaimers were kindly offered by highly compensated Bankster’s that the type of loan the borrowers were getting into MUST be refinanced before the exploding rates kicked-in. Not to worry — Bankster’s also assured borrowers that “…all they needed to do was refinance at a later date, or possibly sell their home for hundreds of thousands in profit; as everyone else had been doing for many years!” Although the borrowers were assuming a risk, millions of them decided it was well worth it, simply because they wanted to live the American dream & get their piece of the profit pie, falsely generated by the ponzi-like housing boom.
2) The day of reckoning came. A day we thought we’d never see. The housing market crashed, and millions of designer loans — rigged with explosive interest rates — reached their full, short-term life expectancy. The main stream media, in slick coordination with Bankster-lobbied politicians convinced America that many homeowner’s assumed an irresponsible risk. Although the blame can be partially placed on borrowers, at no time during the entire crisis have the Bankster’s been held accountable for their deceptive business practices. Quite opposite, they have been given trillions in taxpayer dollars to cover their tremendous losses.
3) As the magnitude of housing crisis unfolded, the Banksters have slowly and meticulously assembled a “mill” of attorneys and foreclosure processors to clean up their self created “toxic assets“. The corporate Bankster system has been configured to quickly hunt down distressed homeowner’s who have failed to pay on their debt obligations. Law firms and foreclosure specialists are hired by the Bankster’s & highly compensated to expediently remove homeowner’s ; otherwise, they’re swiftly replaced by another company that promises to do it cheaper & quicker than their competitors.
4) The government deceptively claims to have come to the rescue with a “Making Home Affordable Program” Government bureaucrats call it “HAMP”, cuz they’re so afflicted with acronym-itis, that every Katrina-sized disaster must obviously have a smooth sounding acronym if its to solve a huge problem. Dear President Obama: Valiant effort in trying to launch another “Obama Plan”, but with all due respect, you should hear what the Bankster’s claim and do behind your back. The HAMP program is about as impactful and effective for distressed homeowner’s as the background music for Wells Fargo and Bank Of America in their television commercials.
5) Loans are defaulting, and Bankster’s enforce their so-called property rights, regardless of how deceptive they were in acquiring them. Dazed and desperate homeowners get caught up in a maze of understaffed, incompetent Bankster operations commonly referred to as a “Home Retention Departments”. Once again, homeowner’s are strung along & taken advantage of, most of whom are shocked and confused to discover that their efforts to modify their loans are fruitless. The Bankster’s frequently sell their homes in the middle of the “negotiations”, and the legal system swiftly evicts American families who have no idea what just happened to them. Unfortunately, Obama turns a blind eye by frequently stating in his speeches that the government is coming to the rescue for “responsible” homeowner’s only. Bear in mind, his good eye seems to be keenly focused on allowing irresponsible Bankster’s to rape and pillage our communities without resistance —- just count the vast number of Wall Street Bankster lobbyists he’s hired in his administration.
Why are lenders swiftly repossessing homes?
Why is the “Obama Plan” toothless to stop lenders from continuing to destroy our economy?
Profit. Simply put, enough time has passed for the Bankster’s to reorganize their criminal enterprises & re-institute a profitable scheme of purging American households. Households filled with delinquent borrowers who they consider to be irresponsible pond-scum.
Homeowner’s have failed to keep up with ticking-time-bomb designer loan payments. They’re led down a hopeless foreclosure path by personnel operating behind warm & fuzzy sounding department names (“Home Retention Department”), and the entire consumer populous is pumped full of comforting Bankster television commercials — paid for by taxpayer bailout money. The next time you hear a bank commercial on TV, tell me if you get nauseous when you hear the background music, as well as what they have to say about what they are doing to help solve the housing crisis. Personally, I’ve witnessed corporate machines steam rolling local communities without regard for American civil liberties or consumer protection laws.
What’s most shocking: right in the middle of this foreclosure and eviction hay-day, there lies a more sinister group of vultures at the back door of each and every bank. Individuals who I’ve come to know personally, who eerily chuckle when discussing the prospects of capitalizing on the misery of millions of American homeowners. Individuals who have an inside track with asset managers who call the shots from high atop the corrupt banking pyramid.
Here’s the bottom line truth. Banksters are forcefully evicting families for their failure to make payments on mortgage loans that amount to hundreds of thousands of dollars. The corrupt banking system has built an entire industry of processors and attorney’s highly compensated to swiftly remove families from their homes; with the intention of legally enforcing what they refer to as their constitutional property rights.
Millions of homes are repossessed because borrowers — who should never have been allowed to be borrowers — defaulted on mortgage loans. The end result is that millions of homes are sold by each and every bank for pennies on the dollar. Let me say that again. Assets are sold by asset managers to their “friends” for pennies on the dollar.
Why so cheap? Because we’ve all voted for politicians who passed legislation to give each and every bank a bailout on their losses — because large banks too big to fail. For the lowly asset manager, what better incentive to take a loss on a foreclosed home than to sell it to one of their cronies out the back door & double-dip with a personal kick-back on the “back side”, and big fat padding of bottom line losses with bailout money on the front side?
Who are the Bankster’s selling these foreclosed homes to? Their well connected friends, of course.
It just so happens that I was offered a partnership with a small group of their friends — an offer I politely and formally declined on principle. The proposal was referred to as a “first tier” opportunity to purchase homes in bulk. First tier; meaning first in line at the back loading dock of every major financial institution in America.
In performing my due diligence, I learned that this tight-knit group of insiders is being lead by a former Bush #1 insider who headed the RTC back in the early nineties. I was assured that if I chose to align myself, I would become a member of an elite group who have established themselves as the “closest you could ever come to being a bank insider”. Mind you, this may not be very moral or ethical, but very legal.
Attached is a document that I would like to share with the rest of the world as proof that Banksters are the life sucking leaches of our democracy. Before you open & view the document, please keep in mind that “delinquent” homeowner’s owed hundreds of thousands of dollars, and the bansk absolutely insisted that they repossess the properties so that they could recover their losses. The evicted homeowner’s have presumably moved on, and their home address made it to this list of sold assets.
Take a look & tell me if you become nauseous. It’s the “real deal” & tells a sad story of how immoral we’ve become, all in the name of recovering our economy — even at the expense of the American family.
God Bless America.
