Ninja was able to acquire mortgages in the billions of dollars. Yet Ninja was only the fuse, the wick, the accelerant that started the fire. By acting as the igniter, Ninja has become the Osama Bin Laden of a global MBS industry. In 2005 the FBI raised concern about a massive mortgage fraud rolling down the housing industry path.
Teaser loans, liar loans, interest only loans or no income loans became legitimate lending transaction. Trying to protect Banks form their lack of fiduciary duty and due diligence will not solve a global financial fraud. Does a house foreclosed because of a fraudulent default by Ninja qualify as a clear title instrument held as a bank asset?
Does a bank have a right to sell a sliced and diced mortgage plus assign the new mortgage to another MBS? The great depression generation would say “You can’t have your cake and eat it too”. Bottom line is municipalities, pension fund and global investor were sold bonds that were created, designed and expected to implode.
In fact the chumps, suckers and bamboozled are those that are being penalized for doing the right thing by paying their property taxes.
Why would a lobbied, purchased and paid for congress encourage the housing industry a make loan to someone with no income, no job and no assets? The taxpaying majority (TTM) now realize the serious money is made when the mortgage is in default.
This is why does TTM own AIG. The big money is being made by those who took out insurance on an inevitable housing crash. Tranches were designed and sold according the length of time it would take Ninja to stop paying the mortgage. Is this another form of fraud, racketeering and theft? It’s no different from a hot water heater that breaks down one month after it warranty expires.
An appliance malfunction is scientifically and mathematically calculated base on stress, metal fatigue or chip design. Banks are foreclosing on properties that are underwater in value, marking them above market price and exchanging these toxic assets for treasuries. Qualified borrower might end purchasing property at inflated prices with a defected title.
Investment banks, title companies, rating agencies and insurance companies may be liable for breach of warranty representation in an MBS pool but TTM will pay the bill. The MBS debt could be as high as $40 trillion. When it comes to congress doing the biding of it master both political parties have no hesitation.
Congress passed legislation which grandfathers, circumvents and repeals title procedures regarding property. If a notary can sign and stamp a document before a borrower’s signature is penned on the agreement, notary guidelines been repealed. Does the current owner of a repossessed property continue paying down a mortgage on house where an illegal eviction took place?
Will banks once again become insolvent because MERS owes municipalities hundreds o f billions in deflating dollars. TTM have a clearer picture of a planned multi-decade scams that has left it holding a bag full of caca. The Federal Reserve chairman has not denied systematic weakness lead to improper foreclosures.
In other words some repossessed homes are now occupied by borrowers who legally could be trespassing. When the chairman of the Federal Reserve takes violations of proper procedures seriously it is an admission to deficiencies within a global MBS market. What the chairman did not acknowledge was the currency plunge that took place on 10/22/2010, Friday evening after markets closed.
Monday, October 25, 2010
Monday, October 18, 2010
Rocks and Hard Places
The Taxpaying Majority (TTM) has not forgotten about those toxic assets the “To Big To Fail” exchanged for treasury instruments. Those toxic assets such as MBS, CDO, CDS and other forms of derivative were said to be worth pennies on the dollar and backed by the housing market.
Remember pennies are those ancient, barbaric relics that cost more to produce then what they are able to purchase. What can TTM buy with a penny, nothing? Toxic Assets (underwater homes mortgages) were swapped for the full faith and credit of the US Government instruments.
It was the sub-prime implosion that initiated the current financial crisis. Now that banks are assuming title to their toxic assets, will they be able to meet requirements set by Basel 3? Can municipalities expect property tax payments from TBTF?
If a private banking institution forecloses on a property will congress stop looking further into the racketeering, scams and fraud? It was not only banks that are party to a flawed document process. How can banks proceed with foreclosures when others involved in the document process may have committed fraud?
Flawed documents were submitted by rating agencies, realtors, mortgage brokers, lawyers, appraisers and other involved in the process. TTM has not forgotten about the traunches. Where a mortgage was chopped into piece, each piece was repackaged into a separate pool and sold as AAA paper.
Which part of the mortgage that was sold to the Fannie and Freddie does the bank own? Does the central bank FRS also need to get these toxic assets of it books in order to comply with Basel 3? Then there is Ninja with no income, no job, no assets or address. Check with FBI field agents who raised a red flag back in 2005.
It is only through a conquered, captured and controlled government such a massive treasury heist continues to take place. TTM realizes that all three branches of government have abandon their fiduciary duty and capitulated, compromised and cede to an International Financial Cartel (IFC).
Remember pennies are those ancient, barbaric relics that cost more to produce then what they are able to purchase. What can TTM buy with a penny, nothing? Toxic Assets (underwater homes mortgages) were swapped for the full faith and credit of the US Government instruments.
It was the sub-prime implosion that initiated the current financial crisis. Now that banks are assuming title to their toxic assets, will they be able to meet requirements set by Basel 3? Can municipalities expect property tax payments from TBTF?
If a private banking institution forecloses on a property will congress stop looking further into the racketeering, scams and fraud? It was not only banks that are party to a flawed document process. How can banks proceed with foreclosures when others involved in the document process may have committed fraud?
Flawed documents were submitted by rating agencies, realtors, mortgage brokers, lawyers, appraisers and other involved in the process. TTM has not forgotten about the traunches. Where a mortgage was chopped into piece, each piece was repackaged into a separate pool and sold as AAA paper.
Which part of the mortgage that was sold to the Fannie and Freddie does the bank own? Does the central bank FRS also need to get these toxic assets of it books in order to comply with Basel 3? Then there is Ninja with no income, no job, no assets or address. Check with FBI field agents who raised a red flag back in 2005.
It is only through a conquered, captured and controlled government such a massive treasury heist continues to take place. TTM realizes that all three branches of government have abandon their fiduciary duty and capitulated, compromised and cede to an International Financial Cartel (IFC).
Sunday, October 10, 2010
The Greatest Threat
US military might is watched globally with shock and awe. The US military which can deploy assets on, under and above any surface on the planet has encountered an enemy with a Dooms Day Weapon (DDW). This DDW is another ancient, barbaric relic which once again has been summoned from the abyss.
Use of this DDW could be why the US forces find itself bogged down in a protracted engagement in the Middle East? What type of enemy assets is the US military encountering on the battlefield? No air power, no space weapons or sea power only an occasional IED and thousands of AK 47s. God bless the US bravest and finest for their sacrifices.
Al Qaeda, Taliban, Terrorism or Islamic extremist have no military equivalent to US weaponry. So what is the DDW supporting a ragtag battlefield opponent? Who is the power behind terrorism? Who is laundering money for the enemy? How is the enemy able to keep the deception, distraction and delusion going?
First they must capture, control and compromise western governments into doing their bid. Western Governments that have been infiltrated by treasonous, unpatriotic agents involved in a global ponzi scheme. This is probably how an International Financial Cartel (IFC) reinvented the ultimate weapon that has bought down many western powers.
The IFC profits from the illusion of fiat deficit spending and perpetuates the myth of the necessity of all forms of income tax confiscation. Dropping fiat currencies from black helicopter (QE2) is not the same as the taxpaying majority (TTM) depositing money into banks that make loans to entrepreneurs.
Deficit spending is proving to be the Greatest Threat and ultimate DDW to the U S of A, the taxpaying majority and its military service personnel
Use of this DDW could be why the US forces find itself bogged down in a protracted engagement in the Middle East? What type of enemy assets is the US military encountering on the battlefield? No air power, no space weapons or sea power only an occasional IED and thousands of AK 47s. God bless the US bravest and finest for their sacrifices.
Al Qaeda, Taliban, Terrorism or Islamic extremist have no military equivalent to US weaponry. So what is the DDW supporting a ragtag battlefield opponent? Who is the power behind terrorism? Who is laundering money for the enemy? How is the enemy able to keep the deception, distraction and delusion going?
First they must capture, control and compromise western governments into doing their bid. Western Governments that have been infiltrated by treasonous, unpatriotic agents involved in a global ponzi scheme. This is probably how an International Financial Cartel (IFC) reinvented the ultimate weapon that has bought down many western powers.
The IFC profits from the illusion of fiat deficit spending and perpetuates the myth of the necessity of all forms of income tax confiscation. Dropping fiat currencies from black helicopter (QE2) is not the same as the taxpaying majority (TTM) depositing money into banks that make loans to entrepreneurs.
Deficit spending is proving to be the Greatest Threat and ultimate DDW to the U S of A, the taxpaying majority and its military service personnel
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