You are here: Home
Government
Federal Budget
Means, motive, and opportunity
Means, motive, and opportunity
the bankster “madoff” with the house, the swap, the investor money, the taxpayer fund and the title insurance all at once, plus they got back the house and the land,.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 26, 2010 --
the bankster “madoff” with the house, the swap, the investor money, the taxpayer fund and the title insurance all at once, plus they got back the house and the land,.
Mortgages have been paid to the banks many times over. The U.S. banks no longer own the mortgages how can they legally foreclose.
The following timeline contains irrefutable evidence proving my contention that the sheme conceiveved by the Banks, the Federal Reserve, and the Office of the Secretary of the Treasury of the United States is the most insidious and avarice attack ever waged against our great nation.
The banks by restricting lending to borrowers in option arm loans forcing default to collect the credit default swaps insurance contract that the are still in place being paid out still today and guaranteed by the federal government through AIG guaranteed by tax payers money.
The bank set up the Mortgage backed securities then the banks sold these mortgages to investors. Investor’s worldwide-lost money on the investments and either their host government acted to reduce or eliminate the losses by paying the investor for the loss or
The losses were written off and taken from their taxes. Either way they are off the balance sheets.
MERS
The banks with out any state or Federal legislation the banks set up Mortgage Electronic Systems to avoid having to assign or transfer the title of your mortgage. By not having to assign or transfer the title at the local country recorders office when it is sold banks say it was to avoid the ten dollar transfer fee but actually it was to be able to not transfer or assignee your mortgage. They can sell your mortgage and when it is purchased by an investor, it is not transfer or assigned but held in MERS database. If the investor looses money his mortgage backed investment as million of funds gave and it get written off or expunged by in any way the bank now becomes the owner again to resell the mortgage a second ,and third time with no transparency not the public SEC or any home owner.
How banks post record profits at main streets expense by selling our homes four times while Main Street is homeless and Wall Street receives multi million dollar bonuses
1) Banks sell the house and get the down payment and monthly payment plus interests for many years before the interest rate adjust and default occurs.
2) Banks are paid through the investor
3) Banks are paid in full for the mortgages by taxpayer via the credit default swap insurance contracts.
4) Banks get property back through foreclosures. Banks sell the property again. for the second time.
Time line
http://www.free-press-release.com/news-these-are-the-people-who-create-bubbles-for-profit-and-power-1271798957.html
http://www.free-press-release.com/news-these-are-the-people-who-create-bubbles-for-profit-and-power-part-ii-1274894499.html
Where: Hof,Germany
Industry: Office & School Supplies
Where: Paris,France
Industry: Office & School Supplies
Where: Paris,France
Industry: Office & School Supplies
Post your news to the World.See you news here immediately. It's easy and free!
Create free account or Login.


