Posted 5 years ago on Jan. 3, 2012, 10:25 a.m. EST by fucorporatemedia
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What would you do if you discovered the entire "foreclosure crisis" was nothing more than a Huge SCAM. And upon learning this can be proven - in simple, easy to understand terms - and the President and 99% of our "Representatives" continue to look the other way.
The government is openly bought and owned by the bankers.
The news readers will that tell us robo-signers were hired by the banks to sign hundreds if foreclosures per day, without reading the documents, without any training whatsoever. "It is difficult to get a man to understand something when his job depends on not understanding it. -- Upton Sinclair A deliberate fraud to steal millions of homes from American families, and the corporate news readers on tv smile and tell us it's alright, this kind of thing happens all the time. They should be mad as hell. Politicians should be on tv telling us they're going to fight have have Americans returned to their homes. But they don't, the banks are great campaign contributors. The politicians and news readers don't want to know the truth, as it would mean the end of the career and luxurious lifestyle.
It's important to realise that the bank bailout and mortgage crisis was all a fraud.This was a ponzi scheme set up by the banks for the banks, and the government went right along with it because they ARE the bankers and/or completely supported and co-opted by bankers.
Literally, there is no doubt, that the 'foreclosure crisis' was an engineered scam enabling the fraudsters to scam money on both sides of the equation. Related: New Banking Chairman says Washington is there "to serve the banks".
Rep. wants foreclosure investigation to ignore robo-signer controversy. They used predatory lending practices to encourage people to get loans they couldn't afford. They even cold-called people to get them to refinance a house that was already paid in full. Now a few years later they are trying to snatch that house out from under the family that has lived there for generations. And they did it on purpose! This happened over and over again. Why? The "securitization of loans" deal that allow the banks to bundle the bad loans, intentionally mislabel them AAA, then sell them to pension funds and other duped investors. Millions have lost big money in their pension funds because these fraudsters blatantly stole their money and the government did nothing about it. More on that below, but first an example of how one guy was screwed by the bank, with a little help from the gov't.
Bank uses Obama's Loan Modification program to steal home. Think this happened only once?
Graham said his trial dragged on for 18 months. He said he made every payment until Bank of America
told him in May that he didn't qualify for HAMP, and that he'd lose his home unless he paid about $7,000 to make up the difference between his normal monthly payments and the reduced payments he made during the trial period.
"Each month when I did talk to them I was informed it's still under review -- as long as you
keep making this trial payment everything will be fine," said Graham, 53. "At some point I started receiving notices from my credit cards that they were reducing my credit amount due to recent problems making my mortgage payment on time."
Graham, who faces reduced income after retiring from his job as a shift foreman at a grocery
distribution center, said he never would have bothered with HAMP had the bank not sent him a packet saying he should apply. "I would have found some way to [make my payments] if I had to," he said. "It may even been that we'd have fallen behind a month or two. I certainly wouldn't have been in this sort of shape."
It's the classic HAMP bait-and-switch: Homeowners are told they're eligible for the program
but eventually discover the foreclosure process, triggered by the reduced payments, moved faster than the modification process.
read more http://occupytvstations.com/news/8472