Today homeowners simply have no choice. "Equity Stripping" has affected the value of millions of homes in America. By all practical standards, nearly 50% of all homes are underwater. Homeowners can't do what their fathers and their fathers before them could do...SELL THEIR HOMES! Wall Street and "Others" intentionally destroyed home values and left homeowners with nothing but financial ruin.
Many homeowners are unaware that the foreclosed value of homes today is NOT based on local market values. Unregulated and illegal foreclosures are being liquidated based on values set by Wall Street and it has everything to do with the illegal securitization of Real Estate.
The creation of "Legallized Fraudulant Loans" and "Securitization" were used to develop an artificial bubble in the housing market that Wall Street and "Others" planned by design for failure. This is a plan which was put in place long before the housing crisis started. Derivates, Hedges and CDO's were created to bet against the homeowner and profit from it. It was done by design and they knew the homeowner would fail.
The entire system was built around fraud and it's been acknowledged by virtually every Local, State and Federal Agency in America. So why is nothing being done about this? Because those involved at the Local, State and Federal levels have their special interests to protect and believe the homeowner is “Too Small to Save”. The Powers that be have an interest to protect which is far bigger than that of the little guy…they have deemed themselves “To Big To Fail”!
Listen to a recent video with Bill Black on: "Banking Malfeasance"
We now hear and read daily about how corrupt everything seems to be...“Fraud and Corruption”… it’s now a common theme in virtually every topic and conversation. Many of us are tired of hearing about the problem, what we want is action. The following is another example of “WARNINGS” that were put out in 2003 regarding ~ Equity Stripping ~ Predatory Lending ~ Unfair and Deceptive Practices:
Avoiding Predatory and Abusive Lending Practices in Brokered and Purchased Loans
To: Chief Executive Officers of All National Banks and National Bank Operating Subsidiaries, Department and Division Heads, and All Examining Personnel
Those who are well versed on the housing crisis will see the truth for what it really is. Too many identities have their hands in the pot and regardless of what we read and hear today no one can be trusted.
"Learn...Act and Take Control"
The White House, Federal, State and local politicians and judges, attorneys and distressed homeowners with budget problems must review the blatant fraud, forgery and lack of standing by authors, signors and middlemen on many thousands of documents recorded by local County Recorders. It's About Your Title...read more
As of 3/31/2011, The Federal Reserve pegs the top 50 National Bank Holding Companies with $14.7-T in assets equal to 98% of today's 15-T USA GDP: see...NATIONAL INFORMATION CENTER
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Where Have All The Assets Gone?
The "Seven Banksters" Asset Holdings are now equal to 68% of the entire US "GDP".
The top-7 Banks now hold 68% of all bank assets. This figure continues to grow even in the current housing crisis.
THE GREATEST TRANSFER OF WEALTH
