The Foreclosing Plaintiffs Created The Crisis Through Fraud and Crimes At The Highest Levels

[Capt. Jack]

From Matt Weidner's Law Blog June 16, 2010

THIS folks, is a fascinating read. NY Plumbers and Pipefiterrs' Local #562 goes after Wall Street Banksters in Class Action.

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The foreclosure crisis that continues to grip our courts in 2010 and that will only get worse in years to come all began in 2005, 2006, 2007, when the mortgage industry and Wall Street colluded with each other to engineer the largest financial fraud in modern history. The facts are simple. Wall Street Wizards figured out a way to monetize then trade billions of dollars in wealth when they figured out how to convert mortgages into currency. Dollars and stocks were regulated, but because mortgages were new currency, they were totally unregulated, unsupervised and completely subject to manipulation.

The biggest players on Wall Street, JP Morgan, Bear Stearns, Chase…they all got together to create larger pools of mortgage backed securities that they sold to investors nationally and abroad. THEY COMMITTED MASSIVE FRAUD UPON THESE INVESTORS BY LYING ABOUT THE FUNDAMENTALS OF THE COLLATERAL IN THOSE SECURITIES.

The loan originators at Countrywide, New Century, Argent and most of the other subprime players were submitting loans that contained false information from top to bottom. The appraised value of the homes were all lies, credit scores were all lies, income and employment….all lies.

THE WALL STREET WIZARDS KNEW THE INFORMATION CONTAINED IN THE LOAN FILES WERE LIES.…but they didn’t care because they hired credit rating agencies to lie to the end purchasers (institutional investors).

And now all these players that were lying and committing fraud from the inception of all these deals come into our courts of equity seeking redress from our local circuit courts. A fundamental concept of courts of equity is those seeking affirmative relief from courts must come into court with clean hands…they must be innocents in the matter for which they seek relief…..and the players seeking relief in courts across this state and indeed across the country are far from innocent.

THEY ARE THE ARCHITECTS OF THE FRAUD THEY CREATED

THROUGH FRAUD, MISREPRESENTATION AND POTENTIALLY CRIMINAL ACTS THEY SET UP THE FORECLOSURE CRISIS CHOKING OUR COURTROOMS ACROSS THE COUNTRY

But don’t just listen to me, read the lawsuit attached below….it describes in excruciating detail how the architects of this crisis….the biggest players on Wall Street and the gang of thieves that are choking our courtrooms…set this crisis up when the set this whole system up….

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read on: http://mattweidnerlaw.com/blog/2010/06/the-foreclosing-plaintiffs-created-the-crisis-through-fraud-and-crimes-at-the-highest-levels/

The link above will bring you to the actual lawsuit (100 pages)

Attention Floridians: The Link below will bring you to an event in Boca Raton, FL, that The Hamlet is sponsoring regarding bogus foreclosures.

http://www.foreclosurehamlet.org/events/pbc-fl-hero-appreciation-day