CNBC LIES: THE FRAUD IS IN REMIC, MERS, MBS, PSA'S AND CDS'S 10-4-2010

[t2k777]

larry needs to crawl back into a bottle.

[JUSTTHETRUTHTV]

Bottom line people are going to be living in their own homes rent-free.

I am a corporate whore for the banks… CNBC

We rewarding bad behavior? What a group of crack heads.

[JUSTTHETRUTHTV]

SUE THE LENDER! OR FILE CHAPTER 13. THIS WILL FORCE THE BANKS TO PRODUCE THE TITLE DOCUMENTS.

[TheeLynnChase]

What a crock of crap regarding the defaulters. They were ROBBED! Hello? You think they would stop paying if they hadn't been ROBBED by these banksters!~???

[a2zhandi]

BANK OF AMERICA = THE BIGGEST CROOK ON THE PLANET

[TimeToThinkAwake]

The same assets were SOLD multiple times! and those loans were PAYED MULTIPLE TIMES! to the scammers! who had the moneys transfered to secret offshore trusts. Often these scammers used 'straw man' stolen ID's , of unsuspecting ex wive's, children, others, etc!

[a2zhandi]

@TimeToThinkAwake and the best part is, They'll never be prosecuted for criminal activity. This is typical of the big players. THEY'RE ABOVE THE LAW. "THEY THINK THEY'RE GOD"

[joygarner]

Why EXACTLY is it a good thing if artificially hyperinflated housing costs stay so high that a person's only choice is to be an endless debt slave to the banks?

Let the housing costs go back to reality. sorry, that's what needs to happen if we are to ever be free of the banksters.

[Nosam09]

The true always reveals itself. This lady keeps saying people owe the debt and need to pay the debt. That is incorrect you pay the debt to the owner of the title if there is no title why should the home owner pay money when you don't even know if the payments is going to the mortgage or not in a corrupt bankers pocket? Stay in your homes and never pay until they can show you all the pay work. When this system crashes it's gonna crash hard just stay focused and hold on for ride.

[diazgrp]

They are enablers and collaborators in the crimes being committed against the millions of home owners in foreclosure. The banks should have never been bailed out, aloud to collapse and should now collapse as a result of their fraud...! Kudlow ought to move to FBN or Fox News! CNBC should fail faster then the Bankster Bastards

[diazgrp]

They are enablers and collaborators in the crimes being committed against the millions of home owners. The banks should have never been bailed out, aloud to collapse and should now collapse as a result of their fraud...!

[WGS669]

The reason two plantifs would show up at one forecloseure is because... The same assets were frequently pledged to multiple MBS at the same time. That's not securitization, that's securities fraud. That was the purpose of not recording, of not delivering notes to trusts, so they could keep "selling" the same asset again and again. The "paperwork errors" were an intentional means to obscure fraud and hamper later discovery, and with MERS' help, it worked.

[jacobin111]

Emergency legislation! Yeah, that's what we need, more emergency legislation.

That way, the investors can sweep up all the houses for pennies on the dollar and still strangle people who got conned into these mortgages until their loan is paid.

[jacobin111]

This trick in pink is pushing to enforce fraudulent documents and then let the banks fight over the properties like jackals.

[jacobin111]

This is totally fucked up.

The Banksters need some good time in JAIL!

[ADULTEDUCATION4U]

These people are a bunch of hacks the lawyer is not honest, the problem they are covering up is the law: the law states if you break the chain of title such as using MERS you now have unsecured debt, so yes someone is owed a now unsecured debt, you cant foreclose for unsecured debt : that is the LAW, they have fucked themselves and now they are trying to cover it up..

[ADULTEDUCATION4U]

Robo Signing is a RED HERRING..The issue is MERS it is illegal to record Mortgages through MERS by law it makes the note unenforceable even if you have it, at best the banks have unsecured debt, that is the law, dont believe me ask a honest lawyer who is intelligent and not on the payroll of the banks.

[TheBobete138]

didn't we bail out the banks with billions of our taxpayer dollars? we bailed them out, and now we owe them? now they fraudulently take our property from us? i am must be missing something.

[samzalloum]

This will increase the housing recovery for sure; that is homeowners recovering their fraudulently foreclosed on homes by the Pretend Lenders ;MERS and the Servicers

[PhotonDrive]

Trying to pass it off as "sloppy paperwork" Egads! The stock market ticker itself has just become another "Hollywood Billboard"! How? BANK BONUSES! Tax avoidance no.1 - THEN they BUY THEIR OWN STOCK to keep the market "looking up" - AND Launder their fraud money THEMSELVES at the same time! The whole world will send troops to occupy U.S. to GET THEIR MONEY BACK (Fraud CDO's). It already happened when British sent troops to Wall Street a few years ago & Paulson beged for time (the pump gang).

[ytgv3fc7]

Fools. Layer more laws on top of previous fraud on top of rampant fraud on top of tax-payer theft (bailouts) that never should have existed and everyone who wasn't a bankster white-shoeboy elite knew was a scam ... you know what? Steve Miller.

Take the money and run. Run now. Leave the USA. Don't go back.

[ytgv3fc7]

double-dip in housing prices?! How about ZERO level in bank assets and quadruple-dip bank-stock prices and 10x bank collapses? How about that?

[PhotonDrive]

Meisters "advice" is the secret bill rushed through the Senate last week: you know - the one the President "Pocket vetoed" a few hours ago! These are criminals, still trying to cover up an endless abyss of filth! RICO, MERS - outright criminal frauds; felons & even murderers, dumping these morgages on OTHER desparate crooks in places like Florida "flip heaven", turned by their fingers into hell! STOP THE WARS, endless murders & robberies! Adopt China's NEW ECONOMIC MODEL for PEOPLE, not ROBOTS!

[beingmiddleclassdoto]

We have a lot of information at beingmiddleclass org - have been following this for almost two years now. It's a mess to say the least. Illegal foreclosures must be stopped. Politicians are starting to take notice, probably because of the elections just a month away.

[beingmiddleclassdoto]

RICO cases have been filed. It's a tough decision about the homeowner being awarded the house. They still owe the debt. I think the real question is to whom the debt is owed. The issue is the separation of the deed from the note. Most banks are not able to produce the note, especially if they are in the MERS web of deceit. Foreclosure mills are processing foreclosures so fast the judges are not adhering to the law, neither are the lawyers. Moratorium now in effect in several states. Finally!

[traynickel]

@beingmiddleclassdoto read the Kentucky Class Action Lawsuit. The penalties will easily cover the debt. That is small change compared to the damage to the CDO Derivative Market. $600 Trillion Dollars on worthless paper. Game Over!

[JUSTTHETRUTHTV]

@traynickel read the Kentucky Class Action Lawsuit. The penalties will easily cover the debt. That is small change compared to the damage to the CDO Derivative Market. $600 Trillion Dollars on worthless paper. Game Over!

TOILET PAPER???

JUST THE TRUTH TV

VOTE THIS UP IF YOU LIKE THE TRUTH & WOULD LIKE THEM TO GOTO JAIL WITH THE BANKERS.

Diana ooo is an idiot!

[traynickel]

@JUSTTHETRUTHTV the Kentucky Lawsuit is one of the first cases i read which brought all the fraud out in the open for me. The BIS ( Bank Of International Settlements) is reporting $600 Trillion, experts are saying that is only half. u are correct the game is over.

[thodal2000]

@beingmiddleclassdoto What account did the money come of? A debt to whom? Who deposited the money in the account that was borrowed from?

WAKE UP the note was negotiated and monetized. There is no debt there is an EXCHANGE of credit.

Go read Public Law 106–122. The borrowers note was converted. The FED via it's member's used it as collateral to print more notes which in turn where used to pay the seller...

We are talking about mutually offsetting book entry credit.

[dqk648nw]

@beingmiddleclassdoto - provide the proof of who owns the debt and the foreclosure is legit. no proof? well, possession is 9/10 of the law.

[beingmiddleclassdoto]

This is old news in the foreclosure, economy blogs. It's about time this fraud has reached the level of importance to be picked up by cnbc. The housing market must be stabilized before our economy improves. The fraud perpetrated by the government and the banksters is appalling and whether you are able to pay your mortgage or not, it will affect you. If a homeowner cannot pay the mortgage, foreclosure is imminent. The abusive practices of lawyers, judges, and banks must be stopped.

[traynickel]

@beingmiddleclassdoto The fraud activity may be RICO. There will be thousands of Americans that are not paying, that will be rewarded the house, attorney fees and damages. No Title, No Foreclosure.

[ytgv3fc7]

@beingmiddleclassdoto ya, by the time I see it on CNBC, it's big enough a few stupid people will notice and old enough 2-4 weeks ago the smartest people were all clued in. I totally missed it while I was researching gold+silver correlations and moving. What a show.

[dv2012]

Who is "CNBS"?

[traynickel]

@dv2012 CNBC Financial News Channel with all their Bullshit!

[bammbamm12]

This woman (Diana Ollick?) is presenting a bad case against the borrower. She's saying effectively, "We know that someone's been murdered, we just don't know who has been murdered, but the murderers are definitely guilty." No corpse, no case. No owner, no default.

[yaplonglong]

In the mean time the banks sit on a pile of foreclosed and non-foreclosed homes (there are simply too many); all mark-to-market @ 2008 valuation.... no prob! Gamble on Wall Street.

Some time down the road - it'll be Holy Shit that hit a giant turbo jet fan.

But ... Hey.... the next generation of CEOs or the ones after will have to clean up the shit - and we the suckers out there pick the tabs....

[michielma]

The Financial markets are rigged - and its not in our favour. The Global elites want to get you back in the game - just quit. Boycott there little scams.

[drkevincampbell]

Of course they lie.  That is their job. They are actors hired by Wall Street. The markets are rigged and everyone knows it. These actors are hired to sucker you back into the rigged casino.

[tyronebiggums3]

Denninger even touched on this video, over at his Market Ticker site.

[traynickel]

@tyronebiggums3 this is the biggest story since 2008. Less than One month to go before the SHTF!!!!!!

[tyronebiggums3]

@traynickel

What is interesting is how totally clueless people are towards the problems in housing and the economy, in general. Dr. Housing Bubble just published his estimates for housing inventory in CA, including estimates for shadow inventory; he calls it 9 years of supply. 9 YEARS!!

The hits keep coming.

[traynickel]

@tyronebiggums3 check out the Kentucky Class Action lawsuit against MERS. Housing is done. The lawyers will be all over this. Crank up the Fed Printing Press.

[Doenietmeermee]

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