Freedom As One: August 2011

Here we are in 2011. Three years after the beginning of the ~~greatest depression~~ great recession. Some are hopeful for a recovery. Besides, we've been in bad shape before, right? Well I have one question for you. What have we fixed since the crash of 2008?

As far as I can tell, nothing. The only person to go to jail is Bernie Madoff. It's pure coincidence that he was stealing from the rich, right? So why has nobody else gone to jail? He wasn't the only person committing financial crimes. He didn't bring down the country on his own. Do you ever wonder why Obama tells us not to look back?

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people. - Matt Taibbi of Rolling Stone

Matt's Piece entitled "Why isn't Wall Street in Jail?" is perfectly on point. Speaking of, I think we need another quote from that article:

Instead, federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice.

How could this be? Why would the government let these people and institutions go? In my experience, the real question should be "who benefits?" What benefit does the government have in not prosecuting these people? Isn't that their job?!?! To protect the rule of law and the innocent? It sure doesn't sound like that's their job any longer.

More evidence to throw in the file showing they're not out for justice is the recent revelation that the SEC has been shredding documents for decades. Let's review a couple paragraphs from this article.

That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.

As a federally protected whistle-blower, Flynn is not permitted to speak to the press. But in evidence he presented to the SEC's inspector general and three congressional committees earlier this summer, the 13-year veteran of the agency paints a startling picture of a federal police force that has effectively been conquered by the financial criminals it is charged with investigating. In at least one case, according to Flynn, investigators at the SEC found their desire to bring a case against an influential bank thwarted by senior officials in the enforcement division – whose director turned around and accepted a lucrative job from the very same bank they had been prevented from investigating. In another case, the agency farmed out its inquiry to a private law firm – one hired by the company under investigation. The outside firm, unsurprisingly, concluded that no further investigation of its client was necessary. To complete the bureaucratic laundering process, Flynn says, the SEC dropped the case and destroyed the files.

So not only are they destroying files, but they're doing it intentionally in order to attain lucrative jobs at the very firms they're charged with investigating. The SEC isn't even denying that the document shredding took place. With this information, how can it be any wonder why we had the crisis in 2008?

On that note, lets turn to the most current episode of the Keiser report. Pay special attention to the second half where he interviews Cathrine Austin Fitts, who was Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development under President George H. W. Bush.

Did you hear Cathrine talking about the creation of the real estate bubble? She must have been talking about the "robosigner" scandal, right? I'm sorry to say this, but the robosigner fraud is a very small piece of the much larger mortgage fraud problem. Here is a recent article in the New York Post describing the ongoing fraud.

In a staggering 92 percent of the claims brought by creditors asserting the right to foreclose against bankrupt families in New York City and the close-in suburbs, banks and mortgage servicer's couldn't prove they had the right to kick the families out on the street, a three-month probe by The Post has shown.

Did you hear that statistic? Ninety-two percent of mortgage cases brought to court in the New York City area were fraudulent. Let me explain what has happened. The big banks in their greed to make as much money as possible created these financial instruments called "Mortgage Backed Securities." These are financial devices where they roll up a bunch of mortgages into securities, and sell them on the market much like you would a stock, bond, etf, etc. They are basically selling the ownership of the house. In the meantime, the same company that sold it's ownership is still taking your monthly mortgage payment. This causes a fundamental problem, because now the company servicing your mortgage doesn't own it anymore. Basic contract law states that if you are going to create a loan for someone, you must first own the object being loaned. This is why these companies are unable to foreclose on 92 percent of the NYC residents they attempted to foreclose on.

I've been reading about this mortgage fraud for quite some time. About six months ago I sent a letter to Bank of America (my loan servicer) asking for proof that they owned my home. I got a letter back a few weeks later stating that I had no legal standing to request proof of ownership (which is a lie). This tells me that they have securitized my loan, nullifying it.

Try it yourself! The SEIU even has a website dedicated to this end, with pre-written forms to submit to your mortgage servicers. Let me know what your bank says, I'm willing to put my money on the fact that the majority of people requesting their note won't get it back.

A few weeks ago I spoke with someone whom had paid off their home, stating these fraud cases. He proceeded to tell me that after paying off his home several years ago he has yet to receive the title to his home. This is the inherent problem. Nobody knows who actually owns his home! So even after being an exceptional debtor and paying all fees and interest, he still doesn't own his home.

This must be why Florida has created the "Rocket Docket." It's a courtroom not dedicated to justice, but to speed. As stated in the article, one judge even told the local paper that his goal is to resolve 25 cases per hour. That amounts to kicking a family out of their home every 2.4 minutes, what a lofty goal.

For most people, the former bit about homeowners not paying their damn bills is the important part, while the latter, about the sudden and strange inability of the world's biggest and wealthiest banks to keep proper records, is incidental. Just a little office sloppiness, and who cares? Those deadbeat homeowners still owe the money, right? "They had it coming to them," is how a bartender at the Jacksonville airport put it to me.

But in reality, it's the unpaid bills that are incidental and the lost paperwork that matters. It turns out that underneath that little iceberg tip of exposed evidence lies a fraud so gigantic that it literally cannot be contemplated by our leaders, for fear of admitting that our entire financial system is corrupted to its core — with our great banks and even our government coffers backed not by real wealth but by vast landfills of deceptively generated and essentially worthless mortgage-backed assets.

This is why our government hasn't been seeking justice. Think about it, the real estate industry is the biggest part of our economy. So far every investigation seeking mortgage fraud has found that the vast majority of mortgages are fraudulent. If this fraud were publicly acknowledged the biggest section of our economy would fail. As is apparent now, this fraud is so gigantic that it has rotten our financial system to it's very core.

But what's going on at the Jacksonville rocket docket, and in foreclosure courts all across the country, has nothing to do with sloppiness. All this phony paperwork was actually an essential part of the mortgage bubble, an integral element of what has enabled the nation's biggest lenders to pass off all that sub prime lead as AAA gold.

These people impoverish millions and steal trillions of dollars. There's two words to describe this type of activity: financial terrorism.

Why should we, the people, stand by while the same financial terrorists that crashed our system come in and take everything we have?!?!?!

Yes, you read the title correctly. I understand skepticism in this area. (Ed note: All my topics?) Let's start with the History Channel Special on Weather Warfare (make sure to watch all four parts):

Pay special attention to the HAARP section. This is the technology that is in use today. Next up is the one and only dutchsinse. Make sure you subscribe to his channel on YouTube. His information is extremely good. My favorite part about his info is that you can just pull it up live for your own verification. I have taken a screenshot of Intellicast.com's live radar map. This is a shot over Nebraska and Kansas, as can be seen. Do you notice anything funky about it?

I don't know about you, but it looks like there are perfect circles in those cloud formations. Don't see them? Take another look. Oh forget about it, I'll just highlight them for you.

How can this be? I don't know about you but I'm positively certain that nature doesn't work in perfect circles. It must be just an unusual anomoly of radar, right? I don't think so.

How can this be? Well you saw an idea in the history channel episode. Now for the hard data. For a brief video overview of how this is done, the video below is very important.