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I love it.  And don't get me wrong.  I love Taibbi's work.  But no one, nadda, not one journalist is reporting the entire Housing Fraud of the past decade.  America is a crime scene.

Bobswern posted this diary tonight that alludes to the Crime Scene Coverup.  

Taibbi and Connaughton on Obama, Geithner, “The Rule of Law,” and “Government, Enron-Style”

Well, like Bobswern, I have dug deeply into this issue and have gathered lots of facts and research.  I've even tweeted the info to Matt Taibbi, our progressive TV favs, etc.  Heck, I even wrote to the Justice Department when they requested information.

Below is all the research I have gathered.  Perhaps someone else can get the Journalists' attention.

Why aren't the Journalists putting it all together?  If I can, an untrained know-nothing, why can't or won't they?

I've been posting the facts here for years not, tweeting the heck out of them to Taibbi and others, etc.  And yet, the journalists don't want to dig deeply into this story.

It is truly looking like collusion by all.  Well, bobswern, if I die tomorrow, here is my trove of work:

I wrote this December 6th, 2011
1,000,000 Families Facing Foreclosure - America is a Crime Scene

This last February, 2011
The 10 Step: Choreography of the Housing Crisis, Collusion by All


Long story short, I was curious about all the foreclosures.  In August, 2008, I bought a Salt Lake Tribune and, to my shock, saw pages and pages of foreclosure notices.  At the time, I had just turned 60 years old.  I never knew of anyone in my life that had their home foreclosed.

I noticed that Mortgage Electronic Registration System (MERS) was listed as the Mortgagor.  Having worked in real estate law and for a Title Company I said to myself:

"How the heck can an electronic registration system be a mortgagor?

Another "one indian story".  My friend's neighbor lost their home after forking over what little money they still had left trying to "work it out with the bank".  It worked out well for the bank, they took all that families money and THEN took the house.  A man bought it for $100,000 less than the mortgate was and FLIPPED it in two months and made a quick $30,000.  THE BANKS HAVE SIMPLY REWOUND THE WHOLE SCAM and it's off and running again.

Foreclose and Sell New Mortgage Backed Securities SCAM

It reminds me of the "new house" in the book The Jungle by Upton Sinclair.  The one house was repeatedly sold to famiies that literally worked themselves to death to pay for.  As soon as either the wife or husband got sick and lost their job, and/or died, they lost the house and all the money they had put into the house.

Same scam, different century.  

With CRIME, there's definitely nothing new under the sun!  ALTHOUGH, in the USA this is the first time the entire body politic from Mayor up to President, regardless of party lines, were colluders.

The details of the wide-spread collusion are in this diary:  The 10 Step: Choreography of the Housing Crisis, Collusion by All

Could it be due to the fact that many members of Congress spend more time trading their stock portfolios than working for the people?  Check this out.  There's a search feature.  Lots of members of Congress have been trading the Too Big To Fail Bank stocks for years:

Most Popular Congressional Investments, 2010

If you go to this link, make sure to use that search feature to see who's trading Monsanto, Duke Energy, the too-big-to-fail banks, and any other corporation you're interested in.

And here we are.  There are another million homes about to be foreclosed on in 2012, many that were postponed while Washington gave the banks some cover to unravel their sloppy paperwork due to the MERS electronic mortgage transfers.



Here's a timeline:

September, 2008
MERS Can Bid on Auctioned Homes?  Servicers, too?  With No $$?

November, 2008
How Homes Were Stolen While Wall Street Partied Hardy

November, 2008
Save Homes from Foreclosure, Here's How - Please Share With Others

February, 2010
Foreclosure Fraud Smoking Gun? MERS Foreclosure Rules Published in 1999 -

October, 2010
"Info to Help  Save Your Home"

October, 2010
2002-2009:  Appraisal Fraud Victims Widespread?  Check Maps and Charts

October, 2010
My Letter to DJA/DOJ Mortgage Fraud Policy Advisors

October, 2010
MERS Sued In Civil RICO Suit:  Falsely Foreclosed Homes

October, 2010
BREAKING:  Fannie to Servicers:  Don't Mention Mers

October, 2010
BS Bernanke, BS:  The Fed Knew About Appraisal Fraud Day #1

October, 2011
Never Forget: MERS

November, 2011
WHO Launched the Housing Crisis? Bush, in His Own Words

December, 2011
Attn OCCUPY GAs: HUD Office Locations Listed Here! HUD Supposed to Help Foreclosure Victims!

Will you help by sending this information to your local newspapers and Congressional Representatives?

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Comment Preferences

  •  I was talking with people at our GA tonight (7+ / 0-)

    I think people really need to be educated about MERS.  IMHO,  I think this is the vehicle they used to package, electronically slice and dice and repackage loans and gambling bets.  I've been following this for years and personally know some who have lost their homes.  This piece is a great source of information.

  •  I only have one question (0+ / 0-)

    Was anyone foreclosed on who didn't fall behind in their payments?

    But nobody's buying flowers from the flower lady.

    by Rich in PA on Thu Dec 22, 2011 at 05:53:49 AM PST

    •  Yes. (1+ / 0-)
      Recommended by:

      There were many people who were  current but looking for modifications due to job loss and/or other financial stress who were trapped in their homes which they could not sell due to negative equity and who were NOT behind on their mortgages, but who were then induced by the mortgage servicer to fall into default as a requirement to get a modification.

      Little did they know that they would be caught in a vortex of spiraling fees, penalties and other charges that would force them into a foreclosure if a modification wasn't forthcoming, which in many cases it was not.

      There were also people who had their servicers place uneeded and unwanted expensive and duplicative insurance bills into their escrow bills and then say they were in default when they couldn't pay these extra charges.

      These details were all revealed in Congressional testimony on CSPAN by attorneys involved with people being foreclosed one. One woman said fully 50% of her clients were victims of "servicer induced" defaults.

      Not to mention all the thousands of Americans who were steered into high-interest subprime mortgages when they qualified for better loans, and strangely enough, these incidents often occurred to members of minorities, can you imagine?

      Of course, this is totally contrary to the "deadbeat" meme and also those who like to push "moral hazard" but only for individuals, not  corporations.

      “Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough.” FDR

      by Phoebe Loosinhouse on Thu Dec 22, 2011 at 06:17:44 AM PST

      [ Parent ]

  •  great diary War on Error.... (1+ / 0-)
    Recommended by:

    I follow naked capitalism and Yves links daily to information on the american crime scene unfolding .....

  •  News placement strategy: local weeklies and comm- (2+ / 0-)
    Recommended by:
    joe wobblie, white blitz

    unity papers.  

    Many towns have local weekly papers (you've probably seen them at supermarkets) that practically beg to fill up space.  A reporter or freelancer has a lot easier time getting printed in one of these than in a larger city paper.  I imagine that one could even volunteer to write a story for free and get published.

    Don't knock this.  A local foreclosure is local news, and can be tied into the "part of the national wave of tragedies" angle.  If several of these get published in the smaller periodicals, the larger ones see a story they can use.

    Proof that this works:  it was the heart of the the "media resonance" strategy Gingrich used to bring down Speaker Jim Wright and ascend to the Speakership himself.  Gingrich started a campaign on meeting with local papers' editorial boards across the country to flog a bogus corruption story about Wright, these meetings produced stories that e then collected and used to accuse the national media of ignoring a major story.  It worked.

    If Gingrich could do it with a lie, reformer can do it with the truth.

    Check out your local papers, find out who covers housing or who the assignment editor and give them the alert.

    Check out the following for good ideas on how to approach papers. Keep in mind it was written pre-internet, and adapt accordingly:

    Making the News: A Guide for Activists and Nonprofits, By Jason Salzman.  This is a great guide to the kind of activism that makes the mainstream media, something we have to do in order to be a visible presence.  Our champions will be more likely to support us if we get the kind of coverage the Tea Party gets.  Funny and effective.

    Politics is the entertainment branch of industry. -Frank Zappa

    by TheGrandWazoo on Thu Dec 22, 2011 at 07:03:15 AM PST

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