Foreclosuregate Fraud

Some of the details of this story are being seen in daylight and it appears that the Banksters are blood sucking zombie aliens from planet Plutonomy.

Yves Smith gives us a great post on Naked Capitalism pointing to some of the complex reasons residential mortgage backed securities legally fail the test to be able to foreclose on the assets.

It doesn’t take a crystal ball to see that the Banksters are betting (with heavy money, lies, and obfuscation) that when the Republicans take control of the House and/or the Senate they have an enhanced chance to skate away free to drain the treasury and damage us again. On the other hand when Democrats hold the House and Senate we may likely see indictments, trials, and punishment. I’m certain Eric Holder (among the missing) has quietly been investigating and getting ready. It’s the change that you will believe in.

The choice is clear.

President Obama’s Weekly Address

What you can expect if Repug’s take the houses.

And then there’s this..

GOP lawmaker looks to increase scrutiny of Obama

Already President Barack Obama’s chief antagonist in Congress, Issa, R-Calif., would take over the main House investigating committee and control its probes of the White House and the federal bureaucracy if Republicans win back the House.

Shades of Clinton’s term. Why do Repug’s not do what is good for the entire country?

Crimes in high places

FRAUD… Hidden by secrecy, covered up by plausible deniability.

Bill Moyers interview with William Black in April, 2010 sets the stage for what is happening now six months later with “foreclosuregate”. The interview starts at the three minute mark on the video. There is a transcript under the video.

John Robb presents THE MORTGAGE FIASCO IN SIMPLE TERMS

Come back here to watch Dylan Ratigan dig into what is now happening across the country.

Tyler Durden has a point with The Clusterfuck Is Complete: Meet Those Most Hurt By The Earls’ Squatting: Conejo Capital Partners… And Soon Millions Of Other “Soon To Be Ex” Home-Buyers

I think the picture looks like a big dirty grim mess. When things get this bad it’s time to incarcerate the evil doer’s (one of dubya’s phrases) and make certain this will never happen again.

UPDATE: Time to Break Up the Too-Big-to-Fail Banks

Rep. Alan Grayson (D-Florida) has just put the Kanjorski amendment to the test. It provides federal regulators with new powers to pre-emptively break up large financial institutions that – for any reason – pose a threat to US financial or economic stability.

UPDATE: 10/23/2010 Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in Receivership by William K. Black and L. Randall Wray

Unpunished fraud poison’s the market by destroying trust. This article makes perfect sense for corrective action. Contact your elected representatives, send them this article.