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BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!

 
Anonymous Coward
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10/02/2010 09:26 AM
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BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
[link to sherriequestioningall.blogspot.com]

It is just breaking Citibank and Well Fargo has also committed fraud in their paperwork to foreclose. They are mers companies too.

Of course they have - ANY MERS Bank HAS TO COMMIT FRAUD TO FORECLOSE! Otherwise they could NOT foreclose on any house. THEY ARE NOT THE OWNERS, ONLY THE SERVICERS!

This is NO surprise, Every single MERS Bank will have to come OUT that they have Committed Paperwork Fraud to Foreclose on a House!

This is just the beginning, since the whole MERS Fraud is now EXPLODING!

Every single MERS Bank will have to STOP Foreclosures. Right now they are stopping them in Judicial Foreclosure States. Which is very interesting, considering the various lawyers I had discussed getting a Class action suit with Against MERS last year, were going to do it for the Non-Judicial states, and they were not sure how to handle the Judicial foreclosure states. Now, the Judicial foreclosure states are the ones at the forefront.

WE NOW, have to STOP the foreclosures of the NON-Judicial States - I am going to start calling Lawyers once more about a Class Action Against MERS in ALL States!
aVian

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10/02/2010 09:26 AM
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Bank of America/Countrywide TICK TOCK
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Anonymous Coward
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10/02/2010 09:57 AM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
yes, they've ALL committed fraud, plain and simple.
No way these banks (ALREADY ZOMBIES!!) can weather this storm.

BURN MUTHAFUCKA BURN!
Ice Princess
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10/02/2010 10:02 AM
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Good news. My aunt has a mortgage with Wells Fargo and she is a week away from having the Sheriff come and throw her out of her house so maybe this will help her.
Monarch

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10/02/2010 10:39 AM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
So where does all this put the people they did loan modifications with during intent to, or foreclose preceedings?

What's happenning, and what will be the end result with the foreclosures they've stopped?
John 3:16 (Amplified Bible)
“For God so greatly loved and dearly prized the world that He [even] gave up His only begotten ([a]unique) Son, so that whoever believes in (trusts in, clings to, relies on) Him shall not perish (come to destruction, be lost) but have eternal (everlasting) life.

A prudent person foresees the danger ahead and takes precautions;the simpleton goes blindly on and suffers the consequences-Proverbs22:3
<><


[link to www.teslasociety.com]

U.S. Supreme Court decision (Case #369 decided June 21, 1943)

[link to www.ntesla.org]
Green Shoots

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10/02/2010 10:51 AM
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bump for a pin
Anonymous Coward
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10/02/2010 10:51 AM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Good news. My aunt has a mortgage with Wells Fargo and she is a week away from having the Sheriff come and throw her out of her house so maybe this will help her.
 Quoting: Ice Princess 875198



If her loan is MERS, she needs to demand that Wells Fargo produce her original loan papers before they foreclose. If she's like me, her original loan was with some other agency (mine was with Rocky Mountain). At closing, we were told outright that our loan would be sold.
Anonymous Coward
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Posted on R M N. . .

BIX WEIR: CAN THEY MAKE IT ANY MORE OBVIOUS?:
Road to Roota Blast - Ashes to Ashes...

Posted By: watcher51445 <Send E-Mail>
Date: Saturday, 2-Oct-2010 06:29:13
Road to Roota Blast - Ashes to Ashes...

One of the most important topics I discuss week after week in the Friday Road Trip is the GIGANTIC PROBLEMS in the mortgage markets. When I say "massive" I mean every single mortgage and mortgage derivative is now in question. All credibility is lost. The entire industry is in meltdown mode and our fragile banking system cannot sustain it much longer (likely only a matter of weeks!)

Here's the latest from the brilliant folks over at Zero Hedge:

Massive Mortgage Mess Update: Title Companies Stop Insuring Foreclosed Properties

[link to www.zerohedge.com]

Today's latest chapter in what is now known as the new 3M: the Massive Mortgage Mess, is that Fidelity National has told lenders to halt foreclosures, and to stop sales of bank owned properties. The reason, and this should be no surprise to anyone, is "possible document flaws." Fidelity is merely the next of, well, all.

And while the WaPo reports that the John Walsh, acting director of the OCC has reached out to seven lenders including Chase, Bank of America, Wells Fargo, Citi, PNC Bank, U.S. Bank and HSBC, to review their foreclosure processes in light of the Ally and JPM Chase situations, the news of the day comes from the NYT that Old Republic National Title has stopped insuring title to Ally-foreclosed properties "until further notice." And once the insurers lost faith in the product they are supposed to have 100% confidence in it is game over: virtually no foreclosure transactions will take place going forward. We hope RealtyTrac will provide an update on what they may be seeing in foreclosure trends in the past two weeks : we are confident these have plunged off a cliff across the land.

NYT: "As more defaulting homeowners become aware of the lenders' problems, they are expected to hire lawyers and challenge the proceedings against them. And if completed foreclosures were not properly done, families who bought the troubled homes could be vulnerable to claims by the former owners."

"Apparently alarmed about such a possibility, one of the major title insurance companies, Old Republic National Title, has sent a bulletin to agents saying that "until further notice" it would not insure title to properties foreclosed upon by GMAC Mortgage, the country's fourth-largest home lender and one of the two big lenders at the center of the current controversy."

"GMAC declined to comment, and Old Republic representatives did not return calls."

Of course this is all PART OF THE PLAN!

Don't believe me? Just look at the Fed booklet "Banking Basics" that was released THE SAME DAY as "Wishes and Rainbows" and "The Road to Roota". These were both posted to the Fed Boston website on January 1, 2007. Both were remakes of prior publications and both had a HUGE RED EXCLAMATION POINT tacked onto the end...

[link to www.bos.frb.org]

Page 31

Why do banks fail?

A bank is a business, and like other businesses, they can fail. Sometimes they fail because the people who run them make poor business decisions such as expanding too quickly or putting too much money into one type of loan.

Sometimes they fail because of fraud. Maybe the president makes questionable loans to friends or hires unqualified relatives and pays them huge salaries. But banks also go out of business because changing economic conditions make it difficult or impossible for borrowers to repay their loans.

and page 33

Or take the case of Bedrock Bank . . .

Bedrock Bank Gets Too Big Too Fast

Bedrock Bank's new president was determined to turn his bank into the region's biggest lender. Bedrock's loan officers got the message and started making as many loans as they could for condominium developments, shopping centers, office buildings, and high-priced suburban housing developments. Loan applications were not always checked as closely as they had been in the past, and some of the loans were approved more quickly than they had been in the old days. But nobody seemed concerned because the local economy was strong and real estate values were rising rapidly.

Everything seemed fine; everyone was making money. But then the economy slowed down, and things took a turn for the worse. The weak economy forced many businesses to close, leaving lots of vacant office space. Real estate values plummeted, and many developers fell behind on their loan payments.

In the end, Bedrock Bank was losing so much money on bad real estate loans that government regulators were forced to step in and close it. The regulators tried to find a buyer for Bed- rock, but no other bank wanted to get stuck with all the loans that had gone bad. Eventually, another bank agreed to buy Bedrock if the federal government would agree to keep many of the problem loans.

END

We have arrived at the end game my friends. The total and complete collapse of our financial system has begun and it will take EVERY paper or electronic asset with it.

I hope you are ready


Bix

PS - For all you GATA fans look at the picture on page 32 of Banking Basics...There we see the Federal Reserve fully exposed in the sun with the door cracked open. Compare that to the GATA painting here: www.gata.org

CAN THEY MAKE IT ANY MORE OBVIOUS???!!!
Anonymous Coward
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10/02/2010 11:25 AM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Yes, it is endgame as people around the world wake up and begin to wrap their heads around the full ramifications. This isn't just about MERS and mortgage fraud, the entire economic system is the deception that keeps TPTB in control. Banks by law aren't legally allowed to loan credit or depositor's money, so where do you suppose the promissory notes showing that they loaned money are? If they show it, they have committed a crime and if they don't show it, then they are admitting they didn't loan you any money. The paper fiat money was created via fractional reserve banking. The real avalanche starts once it sinks in that the world's governments, legal systems, and media have all been owned and created by this very system.
Anonymous Coward
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10/02/2010 11:29 AM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Holy crap.

It just gets better and better by the day.

5a
Anonymous Coward
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10/02/2010 12:06 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
bump
Anonymous Coward
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10/02/2010 12:07 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
"The entire industry is in meltdown mode and our fragile banking system cannot sustain it much longer (likely only a matter of weeks!" bump
Anonymous Coward
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10/02/2010 12:30 PM
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bump
Night Owl
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10/02/2010 01:18 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
As I understand it, as Banks bundled Mortgages to sell into MDS [Mortgage Default Swaps], they wanted to avoid the cost and trouble of recording the transfer of the Deeds of Trust. Some "bright" individuals came up with the idea of MERS - a clearing house for these transfers. Deed transfers were never officially recorded during this process. All the bankers, hedge funds and brokers went merrily along, bundling these mortgages and selling, re-selling, slicing, rebundling, re-selling etc. None of this was ever officially recorded, so the the original deeds are basically lost. So, if the forclosing bank cannot produce the "Original" loan documents and the "Original" Deed of Trust, they cannot prove in most courts that they are the true owners of the property. Consequently, in many States the courts are ruling in favor of the homeowners. All those holding the supposed "notes" [ie banks] discouver that they have nothing. Oops! Got to write done the value of their holdings some more. Oops! No longer capitalized sufficiently to meet government requirments.... more bailouts!

Another side to this coin is when all these MDS were bundled and "priced" they only allowed for about 10% of the value to be discounted to allow for re-financing and payoff of these notes [ie loans in the bundle that were no longer 'alive']. With interest rates getting cheaper and cheaper, more people than the estimated "10%" refinanced. Consequently, one could speculate that all these MDS are vastly overvalued. Can you say more write downs for Banks, Hedge Funds, and, dare I say, Pension Funds that hold these grossly overvalued MDS!

So, between worthless paper mortgages that the courts won't recognize as "valid", and the over valuation of other MDS due to a lot of the loans held in the MDS having been paid off either through refinancing or outright payoff, a lot of paper is being held by financial institutions that is basically either worthless or definitely NOT what it is valued as on their books/portfolios!

YIKES!! Pension holders might find their "Net Worth" has been drastically reduced... AGAIN....!

Of coarse, the 'Government' could change the rules to protect the financial institutions to "avoid financial meltdown", so once again the peoples are screwed!
Anonymous Coward
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10/02/2010 01:41 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Gee, what a coincidence that all these financial institutions just happen to all have committed the same type of fraud and it comes out just as the foreclosure inventory levels have reached a level that would only assure steady deflation in prices for several decades.

You know what this really is folks? TARP II the way it was pushed through under Pauslon just before the 08 elections would not be politically feasible again, so they are looking for a new tactic.

The FED announcement of further easing in November is a TOTAL red herring.

THIS WILL BE THE REAL BANK BAILOUT ROUND II.
Bullfrog

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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Life is about to change for everyone that thinks they have a substantial amount of wealth in "their" 401k.
Anonymous Coward
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10/02/2010 01:49 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
[link to www.dailyfinance.com]

Discusses John Kennerty signing docs - he's signed one of my documents and certainly a part of my lawsuit.....
Anonymous Coward
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10/02/2010 01:55 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
has anyone heard if Goldman Sacs is in on any of this mortgage fraud? Or do they just rob people by other means?
Anonymous Coward
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?
Anonymous Coward
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
[link to sherriequestioningall.blogspot.com]

It is just breaking Citibank and Well Fargo has also committed fraud in their paperwork to foreclose. They are mers companies too.

Of course they have - ANY MERS Bank HAS TO COMMIT FRAUD TO FORECLOSE! Otherwise they could NOT foreclose on any house. THEY ARE NOT THE OWNERS, ONLY THE SERVICERS!

This is NO surprise, Every single MERS Bank will have to come OUT that they have Committed Paperwork Fraud to Foreclose on a House!

This is just the beginning, since the whole MERS Fraud is now EXPLODING!

Every single MERS Bank will have to STOP Foreclosures. Right now they are stopping them in Judicial Foreclosure States. Which is very interesting, considering the various lawyers I had discussed getting a Class action suit with Against MERS last year, were going to do it for the Non-Judicial states, and they were not sure how to handle the Judicial foreclosure states. Now, the Judicial foreclosure states are the ones at the forefront.

WE NOW, have to STOP the foreclosures of the NON-Judicial States - I am going to start calling Lawyers once more about a Class Action Against MERS in ALL States!
 Quoting: Anonymous Coward 1113183

unbelievable
Anonymous Coward
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?
 Quoting: Anonymous Coward 1104986


You need to read a guy named Daryl Robert Schoon, that is how bad it could get.
The Order of Nine

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eq

*****
Listen Learn Love
RobbRyder
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
[link to sherriequestioningall.blogspot.com]

This is NO surprise, Every single MERS Bank will have to come OUT that they have Committed Paperwork Fraud to Foreclose on a House!

This is just the beginning, since the whole MERS Fraud is now EXPLODING!

Every single MERS Bank will have to STOP Foreclosures. Right now they are stopping them in Judicial Foreclosure States. Which is very interesting, considering the various lawyers I had discussed getting a Class action suit with Against MERS last year, were going to do it for the Non-Judicial states, and they were not sure how to handle the Judicial foreclosure states. Now, the Judicial foreclosure states are the ones at the forefront.
 Quoting: Anonymous Coward 1113183


Fraud is fraud..and has no Staute of Limitations.. Don't limit it to "paperwork fraud".. it's contract fraud pure and simple.... and it's only just beginning..

IMO the reason the "Attorneys" did not want to attact the Judical states is because they would have to worry about having their BAR card pulled by a corrupt BAR card Judge.

What you are witnessing is the thousands of people that have had enough... and understand that an attorney does not work for them ... They work for the COURTS.. a private law system..

So in their own capacity as a living person they are doing administrative processes against the lenders.. and getting default judgments...(just like they do to us).. for not responding.. they cannot respond because they would have to perjur themselves or admit to fraud.. (on the private side you as a private person go after them in both their corporate and private capacity.. ).. There is no imunity..

If the Bank decides to try the courts you go in with your private side judgment and simply tell the Judge this case has already been settled privately...

This also applies to Credit cards, 3rd party debt collectors, and the IRS.. The Internal Revenue Service should not be confused with Internal Revenue.. The IRS is a 3rd party, for profit debt collecting agency... and has nothing to do with the government..

By the way... if your bank allows the IRS to levy and remove money from your account the bank is liable.. becasue the "Levy" is unlawfull... check it out.. Then bury the fuckers..
Anonymous Coward
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10/02/2010 02:10 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Y'all know this is a setup, right?

Sure, massive fraud was (is being) committed, and all individuals involved should hang.

But the sudden public "release" of this info has .gov written all over it.

For what purpose?

To confiscate all personal private property, of course.

And the sheep will cheer this confiscation all the way to the slaughterhouse.
Anonymous Coward
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10/02/2010 02:12 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?


You need to read a guy named Daryl Robert Schoon, that is how bad it could get.
 Quoting: Anonymous Coward 961432

where can we find Schoon's articles
Anonymous Coward
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10/02/2010 02:13 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Y'all know this is a setup, right?

Sure, massive fraud was (is being) committed, and all individuals involved should hang.

But the sudden public "release" of this info has .gov written all over it.

For what purpose?

To confiscate all personal private property, of course.

And the sheep will cheer this confiscation all the way to the slaughterhouse.
 Quoting: Anonymous Coward 725839


No, I think it would happen incrementally. First they would "nationalize" all these mortgages who's title is in dispute. The existing "owners" would become tenants paying their "rent" to the treasury. Then, as each property is transferred say someone needs to move or death the title is transferred to the government. Incrementally, over time all private property is eliminated and everyone becomes a tenant, private property rights will disappear.
Anonymous Coward
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10/02/2010 02:14 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?
 Quoting: Anonymous Coward 1104986


So bad that the ftse and the dja should go up by 6-1000 points..bad is good now ..excellent
Anonymous Coward
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10/02/2010 02:14 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?


You need to read a guy named Daryl Robert Schoon, that is how bad it could get.

where can we find Schoon's articles
 Quoting: Anonymous Coward 1116207


[link to drschoon.com]
Anonymous Coward
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10/02/2010 02:17 PM
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Darryl Robert Schoon examines the U.S. economy, predicting inflation, crashing markets and more in the near future:

[link to www.prweb.com]


Book Excerpt 3 in the right hand column is where we are now
Anonymous Coward
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10/02/2010 02:18 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?


You need to read a guy named Daryl Robert Schoon, that is how bad it could get.

where can we find Schoon's articles


[link to drschoon.com]
 Quoting: Anonymous Coward 961432


Better link: [link to drschoon.com]
Anonymous Coward
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10/02/2010 02:19 PM
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Re: BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!
Y'all know this is a setup, right?

Sure, massive fraud was (is being) committed, and all individuals involved should hang.

But the sudden public "release" of this info has .gov written all over it.

For what purpose?

To confiscate all personal private property, of course.

And the sheep will cheer this confiscation all the way to the slaughterhouse.


No, I think it would happen incrementally. First they would "nationalize" all these mortgages who's title is in dispute. The existing "owners" would become tenants paying their "rent" to the treasury. Then, as each property is transferred say someone needs to move or death the title is transferred to the government. Incrementally, over time all private property is eliminated and everyone becomes a tenant, private property rights will disappear.
 Quoting: Anonymous Coward 961432


That's exactly what I'm implying. It's so rediculously obvious.

The best part is the the sheep morans will see all this as .gov saving us from the bankers. All hail Ceasar.

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