You've Been Had AGAIN (Obama / Mtg. Fraud)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-04-18 15:22
by Karl Denninger
in Foreclosuregate
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You've Been Had AGAIN (Obama / Mtg. Fraud)
 

We need to toss this clown out of office, and impeachment is the legal way, so let's get to it.

Three months ago, in his State of the Union speech, President Obama announced a new task force to investigate mortgage fraud and bring some measure of relief to the 12 million American families who are either losing their homes or in danger of losing them.

The new Residential Mortgage-Backed Securities Working Group would be co-chaired by New York State Attorney General Eric Schneiderman, U.S. Attorney John Walsh of Colorado and three Washington insiders from the Justice Department and the Securities and Exchange Commission.

Obama said, “This new unit will hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness that hurt so many Americans.” 

So what has happened?

Tuesday, calls to the Justice Department’s switchboard requesting to be connected with the working group produced the answer, “I really don’t know where to send you.” After being transferred to the attorney general’s office and asking for a phone number for the working group, the answer was, “I’m not aware of one.”

Simply put: It doesn't exist.  The so-called "task force" was a bald-faced lie.

Obama will not investigate and prosecute the mortgage fraudsters.   Nor will Romney.  Nor, for that matter, will Gary Johnson.

They're all fraudsters themselves.  Vote for Satan and you deserve what you get.  Work to put Satan on the ballot and not someone who will actually prosecute fraud and you'll be serially robbed time after time after time until you have nothing.

It's that simple folks.

Ps: For those who say "but I want my abortion rights!" or "I want my birth control!" or "I want my guns!" or "I want ....." just remember this: If you have no money because the crooks stole it all you won't be getting any of those things either!

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User Info You've Been Had AGAIN (Obama / Mtg. Fraud) in forum [Market-Ticker]
Avianphlu
Posts: 4109
Incept: 2008-12-03
Gold A True American Patriot!
Ulster NY
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two minute version of Ann Barnhardt ... turn it up just a tad ;)

Profpangloss
Posts: 13
Incept: 2011-10-26

Belvidere NJ
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Looks like it has fallen under the umbrella here:

http://www.stopfraud.gov/

We all know what a great job the Fed Gov has done prosecuting other instances of fraud. I expect the same level of proficiency from this group if it truly exists.

Might as well write out a complaint, put it in a bottle and throw it in the ocean. The result is likely to be the same.



Ghopper
Posts: 2317
Incept: 2011-06-11

Staten Island, NY
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If only Vermin Supreme was on the November Ballot...
Soontobeexpat
Posts: 19
Incept: 2012-04-04

Nevada USA
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Where does the organized crime start and stop? The fox is guarding the hen house.

You can try to change the system, live with the system, or leave. I choose #3 before all of my assets are gone (via taxation, inflation, or outright theft)
Attilahooper
Posts: 1996
Incept: 2007-08-28
Green
New York, by way of Montreal Canada.
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Well, he was supposed to pay my ... errrr... her mortgage and gas too.

A William Black video would live happily here.

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I like Sloppy Seconds
http://www.youtube.com/watch?v=Rf96br9LS....
tribute to Joey Ramone
http://www.youtube.com/watch?v=1m5FXPYgx....
Lowbeyond
Posts: 17102
Incept: 2008-02-11
Green A True American Patriot!
CO aka West NJ/East CA
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Quote:
Where does the organized crime start and stop?

it starts are the ballot box and never ends as people seem to be willing to continually legitimize everything the State does by voting

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Maybe it was a birdy bread-bomber from the future?!
Al44
Posts: 2
Incept: 2012-04-02

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I attempted to contact AG Schneiderman on his website. 6 attempts to send an email were rejected even though format was absolutely correct. I guess he doesn't want to hear from anyone.
Bertdilbert
Posts: 2693
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Gold
CA
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Criminals are like drug addicts, the next fix has to be bigger to get the same high. Which basically means your next hosing will be magnitudes larger.

Edit: We are muppets

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.

Flappingeagle
Posts: 1245
Incept: 2011-04-14

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Quote:
Criminals are like drug addicts, the next fix has to be bigger to get the same high. Which basically means your next hosing will be magnitudes larger.


An excellent observation by Bert. Add to that the ponzi nature of our finance system where compound interest requires greater infusions of money to keep the system solvent and the stage is set for the mother of all blow-offs. Hey! Wait a mintue, we don't use real money, we use debt-money. That means there has to be an ever larger sucker(s) found to keep the system going. I wonder who (what) it will be next time?

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Drwater
Posts: 16
Incept: 2009-05-20
Green
Sacramento, CA
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G,

I would be curious as to your opinion of Buddy Roemer. A longshot for sure, but he seems like a viable alternative to Ob or Mitt and doesn't look like he would be bought so easily.
Mo
Posts: 12158
Incept: 2007-06-26
Silver
Pa.
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Quote:
12 million American families who are either losing their homes or in danger of losing them.


Can that number possibly be correct?

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Welcome to Pottersville
Custodialmoney
Posts: 396
Incept: 2009-09-19
Green
The 'invisible hand' is in your pocket.
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Obama: My kids will succeed, even if USA doesn't

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And on the pedestal these words appear: "My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay / Of that colossal wreck, boundless and bare / The lone and level sands stretch far away. -- Percy Bysshe Shelley
Crzymorse
Posts: 1226
Incept: 2010-06-25

Maryland
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Welcome to the Truman Show. Hmmm. Maybe Obama should thank the secret service for the distraction. Cue in the Kabuki theater of "horrified congressman" over a $30 blowjob. Hey they might be giving away national secrets congress gets campaign contributions to give away.
Glennb6
Posts: 481
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Green
ne florida
Banned
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the doors are being shut, digital locks on your ability to move your money elsewhere are being set, paper locks on the airport door if you are but 'accused', pretty soon your bank account won't be yours, you will simply be it's custodian as long as you know, say, and believe that 2+2=5
Zappafan
Posts: 1817
Incept: 2007-11-30
Green
Atlanta
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It's pretty obvious to anyone with a functioning Internet connection and half a brain that we've now reached the stage where the politicians aren't even bothering to go through the motions of governing.

They're simply going to brazenly lie, cheat, steal as they serve their pigmen masters.

The question is, what if anything are you going to do about it?

Think it through. Saying "nothing" is a legitimate answer for some, as the comfort of your iPhone, new episodes of "Dancing with the Stars" and the latest reality show trash are too great to justify getting off the couch. I'm sure lots of citizens of ancient Rome made the same choice, preferring to concentrate on the bread and circuses and ignore those seemingly lighter than normal Denarius coins or those pesky Christians getting fed to the lions.

For others made of sterner stuff, maybe this is the final straw. Let's hope so.

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The alternative to not borrowing from a counterfeiting cartel is to be priced
out by those who do

Buddy
Posts: 157
Incept: 2008-10-25
Gold
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I agree. And nothing substantial will change
until we are in nosedive off a cliff, but too late too
soon.
Oldie but goody from Kyle Bass linked from
a site I do not know about (could not provide
a link from iPhone video section) https://www.kitcomm.com/showthread.php?t=97496

And Bill Black on the economic advisor for Romney:
http://neweconomicperspectives.org/2012/....

Andysvw
Posts: 1868
Incept: 2010-06-26
Green
Tujunga Ca
Online
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Im so done with this clown and the democramps. The other clown party is no better. Read MY lips we need a Justice party. How many crooks have we watched all our adult lives Lie to us? All of them. This guy is the worst but wait next one will top even this swarmy tool.
Zappafan
Posts: 1817
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Green
Atlanta
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When I read that Romney has tabbed Mankiw as his econ advisor I just laugh. Only the uniforms change ... the same rotten players are always in the game.

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The alternative to not borrowing from a counterfeiting cartel is to be priced
out by those who do
Morla
Posts: 841
Incept: 2009-11-09
Green
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You'll have to wait til his task force gets back from combing the desert:

http://www.youtube.com/watch?v=g4OBUupic....

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"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master." -George Washington
Pietertvl
Posts: 3629
Incept: 2007-12-05

NFA
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recent postings in CO from DOJ


http://www.usajobs.gov/GetJob/ViewDetail....

The incumbent of this position will work in the Economic Crimes Division of our office. This attorney will handle a wide range of economic crime cases, including mortgage fraud, securities and investment fraud, tax fraud, and other types of financial fraud. This attorney will work with agents during investigations of those kinds of cases, litigate those cases, and pursue fair and appropriate resolutions on behalf of the United Sates.

http://www.usajobs.gov/GetJob/ViewDetail....

DUTIES:

The incumbent of this position will be a part of a fraud-fighting unit that will investigate and pursue those responsible for misconduct in the packaging, selling, and valuing of residential mortgage-backed securities and similar financial instruments. The attorney must be able to analyze complex legal and factual issues logically and carefully, be an excellent writer, show strong organizational skills, exercise fair and sound judgment, pay careful attention to detail, be scrupulously honest, follow Department of Justice and United States Attorney's Office policies, work well both independently and with others, negotiate effectively, and handle matters in court persuasively on behalf of the United States.

The Feds are always slow. But this slow? The real question is ... why are they THREE years late?





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"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." ~ John Adams

Widgeon
Posts: 13481
Incept: 2007-08-30
Green
Region formerly known as the United States
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They are running out the statute of limitations ... ... so sad we can't prosecute those bad people ... but, then they'll make a big slash by 'discovering' what occurred and passing legislation to be sure it never happens again.

Bertdilbert
Posts: 2693
Incept: 2008-12-22
Gold
CA
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Quote:
but, then they'll make a big slash by 'discovering' what occurred and passing legislation to be sure it never happens again.


Hell no. By the time they lift the rug they will say... "We now believe we have the tools in place to prevent this from ever happening again."

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Andyc
Posts: 333
Incept: 2010-10-24


Banned
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Glenn

"the doors are being shut, digital locks on your ability to move your money elsewhere are being set, paper locks on the airport door if you are but 'accused', pretty soon your bank account won't be yours, you will simply be it's custodian as long as you know, say, and believe that 2+2=5"


http://losangeles.cbslocal.com/2012/04/0....

Agree, they have been sneaking many mechanisms in to avoid capital flight and to take away peoples control of their own money, gating is now allowed on money market funds at the "discretion" of the fund manager, derivatives are being moved to the FDIC part of the banks to be rehypothecated away at the discretion of Vicram Bandit or Jame "Gumb" Dimon or Lord Bankenfiend or the like one would assume....now this IRS rule.

Later you wont be able to get a passport if you owe ANY government entity OR bank any money.


Time to raise the iron curtain.


Cant have the peasants and serfs fleeing the kingdom, the usual suspects will have moved their money though already and their ability to travel wont be infringed.



Mannfm11
Posts: 3606
Incept: 2009-02-28
Gold
DFW, Tx
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Ann Barnhart is right and so is Karl. Thomas jefferson was right too when he said that if power was ever centralized, the US government would become the most corrupt institution on earth. He saw them in action.

While talking about politicians, here is a link to Albert Jay Nocks On Doing the Right Thing. For entertainment purposes, you might read the first few pages of the chapter titled Anarchists Progress. Evidently politicians haven't changed much in 100 years

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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