GRITtv: Danny Schechter: Foreclosure Fraud and Bank Bailouts

The controversy over home foreclosures is spreading--today, the White House blog and twitter announced that President Obama would not sign a bill that could have an impact on foreclosure documents because of the ongoing problems. In a nutshell, huge numbers of Americans have found themselves foreclosed on by banks that had faulty or incomplete documents. Three major firms have actually declared freezes on foreclosures, and Congress is calling for an investigation.

But what does all this mean for most of us? Danny Schechter joins Laura in studio to explain the situation, why it's more complicated than a few mortgages, and why it could lead to another major banking crisis. He also weighs in on the privatization of fire departments, and notes that in the U.S., "Property rights trumps human rights." Distributed by Tubemogul.

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[pkpapers]

Victims of false domestic abuse accusations are suffering the most. The fathers of kidnapped children are legion. Misandry is behind the shakedowns, child kidnappings, drugging of boys under fake diagnoses made up by big pharma shills. And who stands by and verbally attacks the crime victims (dads of kidnapped and force-drufgged kids): "conservative" men, "liberal" men, not just those fascist witches who call themselves "gender scholars."

[yancyslide1]

Hording of money , excuse me there is no money merely fiat currency .

[chimpanchu]

Banks CEOs must go to jail!

[andrewjefferson1776]

Read 12 USC 3755. Only the Secretary of HUD can authorize a foreclosure because all mortgage loans are run through HUD. None of these banks are holders in due course of your original note, plus they shred your original note. If you get foreclosed on and you are in court challenge the validity of your signature. This will force them to have to produce the original note. They can't because they destroy it. This is fraud and counterfeiting these banks are engaged in.