Fraud Factories, MERS, LPS, Forgeries: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis

[dbarberic]

No wonder Gold hit a new high today.

[don]

Re: Fraud Factories, MERS, LPS, Forgeries: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis

No wonder Gold hit a new high today.

Dynamics of the New Normal: Gold is directly proportional in value to the magnitude of Fraud.

[don]

Re: Fraud Factories, MERS, LPS, Forgeries: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis

Its time for Representative Grayson to avoid hot tubs, walks alone in the woods, and flying on private airplanes.

[Thailandnotes]

Re: Fraud Factories, MERS, LPS, Forgeries: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis

“This was the week when the US housing fiasco got even more extra-special interesting as the Bank of America suspended mortgage foreclosures in twenty-three states, and the Connecticut Attorney General (Richard Blumenthal, who is running for Chris Dodd's senate seat) declared a 60-day moratorium on foreclosures (a political ploy do ya think?). Also of interest, Ally Financial suspended foreclosures in twenty-three states - and note, by the way, that Ally is the mutant offspring of the bailed-out General Motors Acceptance Corporation (GMAC).

“What's with suspending all these foreclosures? Generally it's about the slovenly (and possibly felonious) paperwork associated with so many home loans doled out in the recent bubble years, above and beyond, you understand, the complete absence of due diligence in evaluating borrowers - but that aspect has been so well known for so long, and so blatantly ignored by the legal authorities that it has merely entered the realm of humorous American folklore…”

http://kunstler.com/blog/2010/10/pos...ning.html#more

http://www.youtube.com/watch?v=6khYSTqHrqM