| User Info
| Oh, Protective Orders Now Eh? (Denied) in forum [Market-Ticker]
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Txin1880
Posts: 4737
Incept: 2009-02-25
Texas
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"That the testimony reveals corporate practices that GMAC finds embarrassing does not justify issuance of a protective order." LOL
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Realization - Rage - Resolve - Rifles - Rope - Recovery - Rinse - Repeat
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Mikek31
Posts: 4359
Incept: 2009-05-04
Chicago
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It went completely over my head that Federal National Mortgage Association is Fannie Mae; I was thinking they were just another servicer.  That makes this even more damning than it appeared at first. Geezus, what kind of government do we have?
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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
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Redfigures
Posts: 920
Incept: 2008-02-24
State of Flux
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OMFG!
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Halfbrite
Posts: 2459
Incept: 2008-10-13
Arizona via California
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Your tax dollars at work! 
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"That which cannot continue, will not continue. Brace for impact!"
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Icanhasbailout
Posts: 9939
Incept: 2009-03-10
Imaginationland
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If you're surprised by this you haven't been paying attention. The people of this country have been thoroughly, profoundly, and deliberately betrayed by ALL its major institutions.
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Jake3463
Posts: 770
Incept: 2010-03-06
Allentown
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Since when is fraud upon the court not a matter of public interest, and why is our government trying to have evidence of outright fraud by private parties sealed?
When your re-election campaign is dependent on it not coming out.
Hey this might damage all that saving of the financial sector Tim, Barack, and Ben have been up to.
The only two things the President can brag about is he passed a crappy health care bill that will make things worse and he saved the financial system.
Looks like he is down to crappy healthcare bill soon.
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Jal
Posts: 512
Incept: 2009-03-25
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Since there is an interest in following the paper trail, you might be able to make some sense of this info from FDIC. http://www.fdic.gov/buying/historical/st.... I followed the links to documents and financial info but I lack the background info to evaluate what is being said or what is OMITTED. I hope this will help. jal |
Donethat
Posts: 771
Incept: 2009-04-22
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Tip of the hat to the defense attorney's in Maine who were doing the work "pro bono".
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Donethat
Posts: 771
Incept: 2009-04-22
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Is this a class action? lawsuit filed two weeks ago in Kentucky against MERs and GMAC. From a commentor on either 4closurefraud.org or stopforeclosurefraud.com http://www.justia.com/real-estate/feed/d....Foster et al v. Mortgage Electronic Registration Systems, Inc. et al 3:2010cv00611 Filed in Kentucky Western District Court Type of Suit: Foreclosure Plaintiff: Elizabeth Foster, et .... Defendant: Mortgage Electronic Registration Systems, Inc., Merscorp, GMAC Mortgage LLC, Residential Accredit Loans, Inc., Residential Funding Company, LLC and other. ... (September 27, 2010) |
Ct1977
Posts: 231
Incept: 2009-08-13
East Hartford, CT
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I think the questions is this: Does the whole mortgage mess story have legs yet? The players are trying so hard to sweep this under the rug and the main stream media appears to be fully assisting them. Saw a story about this on Fox News yesterday and they made no mention of document fraud, creating fraudulent court documents or any of the important factors in these cases.
This is really frustrating to see a scandal of this size basically ignored by the media. It doesn't surprise me, but still, has our country lost all sense of justice any time bankers are involved? Apparently so.
I pray to God these jerk wads are exposed and eventually perp walked.
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Falcor
Posts: 697
Incept: 2007-12-03
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@Ct1977
From an Elliot Wave/Socionomic perspective, third waves are psychologically waves of recognition when reported news and observed behavior get in sync . . .
"Yikes, this bull[bear] market is really real!"
. . . and this adds to why third waves are never the shortest and often are longest.
By some counts, we're at a cusp of a bunch of nested third waves. It would be entirely fitting for this type of news to finally "stick" and get widespread recognition. And if we are embarking on that E-ticket 3rd-of-a-3rd-of-a-3rd ride, look for more stories of widespread corruption to gain MSM traction.
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Alexjones
Posts: 132
Incept: 2010-04-24
Hauppauge
Banned
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Does it really matter anymore? The sheeple has had enough. They are walking away from their mortgages and not looling back. They have learned their lesson not to do business with loan sharks ever again. Howard Beale said it best:
"It's like everything everywhere is going crazy, so we don't go out any more. We sit in the house, and slowly the world we're living in is getting smaller, and all we say is, "Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials, and I won't say anything. Just leave us alone."
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Licorice
Posts: 1320
Incept: 2009-01-06
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Quote: I think the questions is this: Does the whole mortgage mess story have legs yet? Perhaps. I caught a piece of an interview they had on GMA this morning where they were discussing this. They talked about robo-signers and fraudulent documents. The "expert" (sorry, don't remember her name) told those in foreclosure to fight it, that they shouldn't surrender their house to someone who forged documents and/or don't have a clear title.
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Print the money and give it to the people.
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Smacktle
Posts: 1362
Incept: 2009-01-20
Texas
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The government is covering something up?! NO WAY!
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Curbyourrisk
Posts: 3595
Incept: 2008-08-19
Farmingdale, NY
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Have FNM and FRE been ring fenced yet? This migh change if they become ring-fenced.
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Time is up.
I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts.
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Bagbalm
Posts: 4262
Incept: 2009-03-19
Just North of Detroit
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Next stop: It's a matter of national security!
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Anti
Posts: 4298
Incept: 2007-10-09
Online
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Nice that the judge awarded attorney fees and expenses because the conduct was so egregious.
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Health is better than health insurance
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Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
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Curbyourrisk
Posts: 3595
Incept: 2008-08-19
Farmingdale, NY
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Quote:Next stop: It's a matter of national security! Reason enough to ring fence them!!!!
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Time is up.
I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts.
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End_the_bubbles
Posts: 9523
Incept: 2009-03-25
The New 3rd World
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Genesis wrote..why is our government trying to have evidence of outright fraud by private parties sealed? Easy, because this whole thing is on the brink of collapse. To think the S&P 500 is nearly 60% higher than it's March 2009 lows - in an economy in FAR worse shape than it was then, and all built on lies, fraud and obfuscation, you can see where they are coming from. They are panicked this scam is going to unravel. The paradoxical irony is - by their trying to hide it, they are only making the ultimate outcome worse, as lies & scams are ALWAYS exposed eventually. Total collapse is inevitable. How could it not when it's all build on fraud?
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
Reason: typo
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