Archive for 'Fabrication of documents' Category
Translation: WFB was the “custodian” of alleged “mortgage-backed” certificates issued for the benefit of investors who paid billions of dollars for ownership of the certificates. WFB “Loaned” those alleged securities to brokers. The brokers in exchange provided “collateral” the proceeds of which were reinvested by WFB. In short, WFB was laundering the investors money for […]
In answer to questions frequently asked of me, the term “dark pool” was not coined by me nor was it discovered by me as an instrumentality of obscuring financial transactions. I have understood the workings of dark pools since my Wall Street days. But back then, in the 1960’s and 1970’s they were not so […]
Last night on the Neil Garfield Show, Charles Marshall brought up the idea of the use of the subpoena power of the court. I agree that this is a way of lawfully penetrating into the inner recesses of the alleged loan process. People ask me to whom should they issue a subpoena? Opinions vary. But […]
As Bill Paatalo (who brought this to my attention) says: “You can’t make this s–t up.” Reality is much stranger than fiction. This marks the point where we have entered the Twilight Zone in law where the rule of law is just a guidepost not to be confused with the real rule of men. Sheila […]
The key element of the paper strategy has been to create the illusion of transfers of assets, thus supporting the erroneous narrative that with all those parties purchasing the loans, a lot of due diligence MUST have been done and therefore the screaming defense of homeowners (attacking ownership) is nothing but a dilatory stall tactic. […]
Fraud for the first time in history has been institutionalized into law. It is foolishness to believe that the banking industry is trustworthy and that they have the right to claim legal presumptions that their fabricated documents, and the forged documents are valid, leaving consumers, borrowers and in particular, homeowners to formulate a defense where […]
By TT MacKinstry(Neil Garfield will comment on this case Monday on Livinglies.) [See Decision Here: HSBC v. Buset] A Stunning Reversal What began in 2015 as a potential landmark victory for homeowners Joseph and Margaret Buset has ended in a stunning reversal that favors HSBC Bank USA, N.A. At trial, Miami-Dade Circuit Judge Beatrice Butchko […]
Editorial Note: The Dark Side of Blackstone’s Home Buying Spree Blackstone Group leveraged its special relationships with banks and county recorder’s offices to scoop up blocks of foreclosed homes for pennies on the dollar during the housing crisis. A troubling share of these properties were tied to: Fraudulent paperwork Forged signatures MERS (Mortgage Electronic Registration […]
By K.K. MacKinstry, LendingLies Blog Chronic Stress, Cortisol, and the Brain Neuroscientists have long known that chronic stress and elevated cortisol damage the brain. While no formal studies have yet examined the health consequences of foreclosure battles, prolonged litigation, and post-foreclosure trauma, the parallels are clear. Years of unresolved stress leave homeowners vulnerable to anxiety, […]
Mnuchin Confirms the Controversy On Fox News, Treasury Secretary Steve Mnuchin stated that President Obama engineered the Net Worth Sweep (NWS) in 2012 to divert funds from Fannie Mae and Freddie Mac to pay for Obamacare. “It is true,” Mnuchin said when asked if Fannie and Freddie profits were used to fund ACA subsidies. According […]
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