How Do You Spell… International Organized Crime and Mortgage Fraud…


Ladies and Gentlemen,

This article speaks for itself.  Veterans Today is standing as source of sharing basic information on International Organized Crime and International Financial Mortgage Fraud.  I know, it’s hard to even believe this is going on.  Something’s going on… and I’m standing with the courageous and honorable to bring this information to light.  Here is the most recent radio show of Veterans Today addressing these topics.

Edward Reidhead

Source:  http://www.veteranstoday.com/2014/01/31/aipac-the-denver-illuminati-wizards-espionage-and-frauds/

AIPAC the Denver Illuminati Wizards Espionage and Frauds

bushdance

By Stew Webb

 

Connecting some Financial Frauds the U.S. Justice Department does not want you to know about but U.S. Attorney Eric Holder does know.

The Denver Illuminati Connection and Leonard Millman one of the 12 Illuminati Wizards’ of Oz.

Convicted HUD Scamster Phil Winn who this Whistleblower helped the HUD Independent Prosecutor Arlen Adams in 1989 get the conviction and plea bargain in 1991 against Winn who agreed to pay a $1.5 million dollar fine and was to be sentence to prison for 5-7 years that never happened, instead Denver-U.S. District Court Judge Sherman Finesilver who had been bribed years earlier with his ownership of Westward Newspaper in Denver by Leonard Millman got Judge Finesilver to seal Phil Winn’s case from 1991 until 2001 when CIA Bill Clinton the day before leaving office as the U.S. President gave convicted criminal Phil Winn a illegal Presidential Pardon.

Denver Post controlled by Dean Singleton, Phil Winn and Larry Mizel good buddy does a spin story on Phil Winn.

Just think Phil Winn helped steal over 500,000 apartment units from HUD over 20 years for Denver Illuminati Wizard Len Millman and gets a presidential pardon.

illuminatiThose apartments are hidden under thousand of entities one of the largest is AMICO run by Terri Constadine and Norman Brownstein, who is the attorney for Illuminati Wizards of Oz Leonard Millman and Wizard George HW Bush.

Brownstein was one of the six CIA Council to George HW Bush when he was CIA Director in the mid 1970s and Brownstein was on the Board of Directors of M.D.C. Holdings, Inc., and now MDC-NYSE Corporate attorney the parent company of Imperial Savings and Silverado Saving and Loan of Denver which collapsed where Neil Bush the U.S. President’s son was a Director and in charge of Narcotics Money Laundering from Iran- Contra, nearly 12 Trillion Dollars in 9 years was laundered.

Phil Winn’s, Winn Financial was an MDC-NYSE subsidiary company. Phil Winn’s “Buffers-Stooges” were caught selling 4,000 stolen repossessed HUD houses in Arizona in 1992 and served time in Federal detention in Denver.

These were stolen in the late 1970s from HUD computers and re-deeded to Leonard Millman and his attorney Norman Brownstein who was in charge of the stolen houses for Millman and Bush.

Don Boles, a Phoenix, Arizona Investigative Journalist was murdered over his investigations of some of these stolen HUD houses that were being sold in Arizona.

Gene “Chip’ Tatum is now a Columnist on Veterans Today and you will be reading things you have never heard before or do not remember when Gene did hundreds of Radio interviews between 1995-1997.

Super Spook Gene “Chip” Tatum is back and speaking out here is his information and website.

Phil Winn had served on the Board of Directors of MDC-NYSE and served on the Board of Directors of MDC Asset Investors that caused the 2008 Bank Bailout.

Asset Investors created Mortgages on houses that were never built and duplicate mortgages up to 9 times that they bought from Mortgage Brokers around the United States then sold those Mortgages in bundles as Securities bundled as derivatives those Mortgages which had cause the worldwide financial meltdown in 2008.

Norman Brownstein was the Director and Vice President of HSBC Bank of Canada in charge of Derivatives which bundled the Fake Mortgaged Backed Securities and sold them throughout the world as Mortgage Backed Derivatives.

Stew Webb SEC Whistleblower Filings and Letter to NY Attorney General which has been covered-up with no prosecutions

The current Denver U.S. Attorney is part of U.S. Attorney General Eric Holder’s special Task force to prosecute the Bankers frauds the Denver U.S. Attorney’s office has been a revolving door from the Norman Brownstein law firm.

Ask the former U.S. Denver Attorney who covered up Enron or former U.S. Attorney Michael Norton who covered up the Millman-Bush stolen 2,000 pounds of Uranium from Rocky Flats Nuclear arsenal west of Denver that was shipped in Ocean Spray Cranberry Juice Trucks to Apex Aviation in St. Louis, Missouri to keep from triggering Nuclear material transport detectors and flown to Israeli Prime Minister Benjamin Netanyahu and sold to North Korea that gave North Korea the Nuke Bomb.

Leonard Millman’s CITI Bank’s subsidiary did the fake clean up of Rocky Flats, the cover story was 2,000 pounds of Uranium was spilled on the hillside, cost to U.S. Taxpayer $2.5 Billion what a scam.

Then guess who builds a subdivision on that contaminated land and a great view of the Denver skyline?

MDC’s Richmond American Homes run by Millman’s “Buffer-Stooge” Larry Mizel.

Larry Mizel alias Larry Mizell is the Chairman of MDC-NYSE who dreamed up the Mortgage frauds for Leonard Millman his boss.

In a recent $13 Billion dollar settlement with JP Morgan Bank, Home America Mortgage a MDC Subsidiary had been named in the original suit to cover the whole frauds up in one sweep.

Former FSLIC Attorney and Professor of law at UMKC questions why is there no prosecutions?

The US Attorney Who Prosecutes JPMorgan Will Be Its First Witness

Illegally created Mortgage Securities by MDC-Asset Investors estimated at $100 Trillion.

Illegally created Derivatives backed by illegal fake Mortgage Securities estimated at $5,000 Trillion Dollars.

ZIONISMIllegally stealing Americans houses that were paying their Mortgages to other mortgage companies and on time and up to date on their mortgage when the Denver Illuminati Wizard Leonard Millman alias Leonard Hillman alias Michael Donavan would send his crooked attorneys in saying they owned the Mortgage and that it was registered with Meirs and I own the property. 12.5 million American have had their homes stolen from them with crooked attorneys, Judges and others, only the Kentucky Attorney General seems to be doing his job.

Bank of America has 80% of their mortgages on their books are non-performing assets, meaning they got stuck with the false mortgages and Bank of America is cooking their books, which is against the law yet they trade on the NYSE.

Meirs the privately owned Mortgage registration was set up in 1993 by Millman’s “Buffer-Stooge” M.D.C. Holdings, Inc. Director Larry Mizel.

Why was Meirs set up in 1993?

Because these same named criminals above were doing the same thing during the 1980s except they were selling fake Mortgages to their Colorado controlled banks and Mortgage Companies then they triggered the FSLIC, Fannie Mae, Freddie Mac and FDIC Insurance to scam the U.S. Government and investors. Thirty one years of fraud and no one has gone to jail because all U.S. Attorney Generals and Colorado’s US Attorney and Colorado State Attorney Generals since 1981 have been controlled by these two Illuminati Wizards Leonard Millman and George HW Bush who both Graduated from Yale University together and were both Skull and Bone Buddies and members a known Satanic Occult.

Cradle to Cabal The Secret Life of Gale Norton The Denver Illuminati Zionist Connection

Ask yourself a question?

Why did Leonard Millman pay a $80,000 Million Dollar fine in 1997 over a grand jury indictment for bribing Government Officials and never went to jail and the case was sealed under National Security by then President Bill Clinton?

Because Bill Clinton and Hillary Clinton are part of the Denver Illuminati Zionist Organized Crime Syndicate, their attorney James M. Lyons was on the Board of Directors of MDC-NYSE.

The Bush-Millman Organized Crime Family Flow Chart No: 1

Bill Clinton’s fines that were paid over the Monica Lewinsky scandal and oral sex in the Whitehouse and lying before a grand jury saying a blow job and stuffing Monica with cigars is not sex, it did happen but this was the Spin Doctor story to keep the truth about Iran Contra and the Arkansas involvement from coming out.

Judge Lawrence Walsh had them nailed in late 1992 and he was replaced by Independent Prosecutor Kenny Star who obstructed Justice and covered up Iran- Contra frauds. Stars father started Star International the parent company of AIG Insurance the Millman’s “Buffer-Stooge” Maurice Hank Greenberg runs AIG and was directly involved with Meyer Blinder of Blinder-Robinson the world largest penny stock frauds which collapsed in 1990. Millman’s “Buffers-Stooges” Blinder and Greenberg ran National Brokerage Company, on Pine Street, Denver, Colorado. National Brokerage did massive securities frauds in the 1980s with ties to Balcor Securities, Stinger Securities, and gave Iran Contra drug smugglers-pilots stock in dummy companies to pledge as collateral for loans made by Neil Bush a Director at Silverado Savings. Those loans were never repaid, the stock was bogus and the FDIC out of Dallas picked up the tab. FDIC employees out of the Dallas offices were in on the take.

Chubb Insurance Company of Denver paid Bill Clinton’s fines and paid off others including Paula Jones in Clinton’s affairs. Chubb’s Board of Directors at the time was Norman Phillip Brownstein.

Do you really want Hillary Clinton a known 4th Degree Satanic Witch, Lesbian, and Killer of over 300 witnesses and the Jewish Mob attorney (Rose law firm) to be your next President in 2016?

Ask Larry Mizel why he had a meeting with former Rose Law Firm Partner and White House Aid Vince Foster on the day he was murdered in Washington, D.C.

Ask Leonard Millman who controlled Hensel-Phelps Construction Company based out of Greeley, Colorado a nationwide contractor who committed frauds at the Denver Airport why a Helsel-Phelps Construction Company yellow pickup truck license number RCG-702 Arkansas tag was at the White House the evening Vice Foster was murdered.

Guess who sits on the Board of Directors of AIPAC-American Israeli Public Affairs Committee, which is Zionist Espionage against the United States and controls 99% of the U.S. Congress and Senate?

Brownstein and Mizel…..

[edit] Notable Board members

AIPAC’s National Board has approximately 50 members. By tradition, previous Presidents serve as Board members, and are not listed separately here. (Asher, Levy, Mitchell, and Weinberg were sometimes referred to as the “Gang of Four”.[2]) There are also state-level and some city-level AIPAC boards.

Other notable National Board members include:

Why does Norman Brownstein have office in Washington, Denver and Mexico City, Mexico?

Remember the Mexico President who fled Mexico over his Drugs and Frauds scandal?

Remember CITI Bank was questioned why they laundered the Mexican Presidents Drug profits?

Did you know Norman Brownstein was on the Board of Directors of CITI Bank?

I cannot put all the blame on Norman Brownstein we must include Leonard Millman’s other attorneys hiding the stolen and laundered Drug profits.

Leonard Millman’s brother in law Allen Karsh of Denver and Steven Hoth of Denver are also culprits.

Who is one of the worst Zionist Israeli Senator who answers directly to and takes orders from Illuminati Zionist Larry Mizel?

Yes you guessed it Keating Five John McCain.

John McCain’s Wife Hiding War Profits, Untaxed Off-Shore Accounts?

Connecting some Financial Frauds the U.S. Justice Department does not want you to know about but U.S. Attorney Eric Holder does know.

The Denver Illuminati Connection and Leonard Millman one of the 12 Illuminati Wizards’ of Oz:

Frauds Are US at MDC

Junk Bond Daisy Chain Frauds The Denver Illuminati Zionist Connection

The Zionist Gang Behind New York’s 9-11 Conference

TV 9 News Denver asked what is under the Denver Airport

VT Was Right: Illuminati Sacrifice Busted!

Iran Contra Frauds and The Denver Illuminati Zionist Connection

“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff May 16, 2013

Gordon Duff Interview with Stew Webb 3 Hour Marathon (Video)

“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff Editor Veterans Today May 16, 2013

This interview of Gordon Duff and Stew Webb made in December 2012 was rated as one of 2013 most listened to interview now on Stew Webb’s youtube site.

YouTube – Veterans Today –

“I have known Stew for many years and have yet to meet a more energetic Whistleblower and investigator. Stew has suffered persecutions, beatings, verbal abuse and much more for standing up for what he believes in. Stew Webb is loyal to the cause of exposing corruption, not online in America but around the world. January 30, 2014—Gene “Chip” Tatum

Super Spook Gene Chip Tatum 1996 interview with Stew Webb

YouTube – Veterans Today –
THE CONTRA COKE TRAIN: The Denver Illuminati Zionist Connection

AIG Harken Energy Winn Financial Group

By Al Martin

There were about 100 such projects in all which were ultimately bailed out by some public guarantee institution.

It wasn’t necessarily the FDIC or the FSLIC, but in some cases, very esoteric public guaranteed funds were used to bail these deals out.

George Jr. naturally specialized in oil since he controlled the Bush family oil portfolio including Harken Energy stock, Tidewater Development stock, and Apache and Zapata stock.

These were all deals where George Sr. had formerly been on the Board of Directors. Now George Jr. was on the Board of Directors, since Sr. as Vice President couldn’t have that capacity.

Harken Energy was a classic fraud. The stock still trades on the AMEX at five or six dollars a share. It’s been pumped up recently because there’s a new fraud going on with those Bahrainian Leases that Richard Secord originally had ten years ago.

The stock will shortly collapse back to two dollars again, as soon as everybody gets out. A lot of Republicans will make money on the deal. ….

I also have a lot of documentation pursuant to George, Sr.’s involvement in fraudulent deals surrounding Zapata and Apache Energy. I have a lot of stuff with him in Harken Energy, also including a lot with George, Jr. in Harken Energy. That’s another possibility. But again, these weren’t large frauds. They were little security frauds, the fraudulent diversion of monies in those bogus Bahrainian leases when they temporarily ensconced Richard Secord to be their Middle Eastern Director for Bahrainian Operations which existed in a file drawer.

What that Bahrainian deal came down to was George Bush, Sr.’s close friend, former Saudi intelligence chief and major Iran­Contra figure, Ghaith Pharaon. That was just a donation to Iran­Contra by the Saudi government. And that’s what the bogus Bahrainian lease deal effectively comes down to. It wasn’t much ­­ $38 million, something like that.

Secord received about $3 million for his own pocket. Harry Aderholt was thrown a bone out of the deal. It was no big deal really. I also want to discuss an overview of Bush family fraud, ala Iran­Contra profiteering. …….

The Tri­Lateral Investment Group, Ltd. is also one of the deals (one of the very few deals, perhaps only a few dozen deals in that era by this group of guys) that you could connect Jeb, Neil, George, Jr., Prescott, and Wally Bush.

All five ­­ you can put in the Tri­Lateral Investment Group, Ltd. You can put Neil in it vis­a­vis Tri­Lateral’s dealings with Neil’s Gulf Stream Realty.

Then you back up a step and put Neil Bush into Tri­Lateral Investment Group’s dealings with the Winn Financial Group of Denver run by the infamous former Ambassador to Switzerland, Phillip Winn. You can put George, Jr. in the deal vis­a­vis the Tri­Lateral Group Ltd.’s fraudulent relationship with American Insurance General (AIG) , of which George, Jr. was a part through the same series of fraudulent fidelity guarantee instruments issued on behalf of Harken Energy from American Insurance General.

Tri­Lateral Investment Group then sold bogus oil and gas leases to AIG. This is a direct fraud that George, Jr. profited to the extent of (not a lot) $1.6 or $1.7 million. But it was a clear out­and­out fraud.

Rolling Stone magazine did a good piece on George Bush, Jr. and three of his oil and gas companies which failed. But the article really didn’t go far enough.

It did not go really into Harken and Tidewater and other public corporations which George, Jr. was involved in and in which securities fraud was committed. He was able to neatly skirt the laws ­­ or should we say ­­ deflect the shit away from himself through a whole series of contrivances. The way he was able to do this, by the way, was to post these essentially bogus fidelity and guaranty instruments, so the deals wouldn’t be scrutinized until long after they had collapsed.

This was one of George Jr’s specialities ­­ and I did this myself, by the way. It was a common tactic in Iran­Contra Securities Fraud. As the expression goes, it was to “back in” fraudulent assets, normally of a real estate nature, to back in fraudulent assets into a public shell. More commonly, they were known by their regulatory names in those days as a Reg D offering, or a Reg 501 or 505, or an S1, S3 or S18 offering. These were the common euphemisms used in the day. This is, of course, Security and Exchange Commission language, or “SEC speak” as we used to call it, for various types of offerings, which govern how large these offerings could be, how many states they could be ‘blue­skied’ in (meaning how many states they could be sold in), the total amount of money that could be raised, the market making regulation that was necessary to maintain a market in the shares thereinafter.

Anyway, a very common securities fraud was the use of 144 stock. 144 stock refers to Rule 144, or Restricted Shares (shares that are not free to trade under the two­year restriction rule). Often a company that would nominally have ten million shares outstanding could issue a hundred million shares of 144 stock that would then be sold at a steep discount to the market price. If you had a stock trading at a dollar, you would issue scads and scads of 144 stock, and you sell it for twenty cents a share. This stock would get bounced out into offshore bank loans, principally through the Union Bank of Switzerland, but also through a whole host of offshore banks through the Caribbean.

The large French bank, Banque Paribas, for instance, was notorious for this because of George, Sr.’s relationship with the bank. What would happen is you would raise an enormous amount of money, but you would also have an enormous amount of restricted stock, out of which at some point, the letter (what is known as the restriction or the letter) would come off that stock, and that stock is going to come bouncing back at some point to the market makers.

Because the scheme was at the banks, this was only meant to be interim financing. We are now talking about cooperative banks who were not meant to be burnt. They were just meant to provide bridge financing. This was very, very true with Union Bank of Switzerland, Royal Trust of Canada, and Imperial of Canada, Banque Z of Curaao, Banco de Populare. These were banks that you did not burn. These banks just acted as facilitator banks. But you have to make them “whole” in the end. Now, if you bury them under a pile of 144 stock, how did you make them “whole” in the end? How you made them “whole” is by pumping up the deal as the letter began to expire on the 144 stock that was out.

You would pump up the shares artificially in the marketplace and begin to bleed the stock back through your market makers at forty or fifty cents on the dollar. You would make money again. You had originally borrowed twenty cents on the dollar. You perhaps would bleed the stock back into the marketplace at forty cents on the dollar by the tactic of what is known as “back­dooring” the stock to your market makers and dealers, and issuing certain guarantees to them that they in turn would be made whole. The ultimate bag-holder in these
deals, of course, are the people that bought the hype, the people that bought the endless press releases, most of which were all bogus.

In some cases, we would have to make the representation that Company A has a tremendous new product or that it just has a contract with the International Monetary Finance Corporation. And boy, this is just going to be the greatest since sliced bread. Of course, what the prospective hypee didn’t know is that the International Monetary Corporation was in fact a shell that had been formed by the very same people who had perpetrated the original fraud. It is the only way you could keep control of the hype. So you would have one bogus company signing a contract to purchase ten zillion widgets from another bogus company. Not only did the widgets not exist, but both the companies themselves were essentially worthless. In this way, you could pump up the price of the shares and be able to create enough liquidity, enough excitement in the shares to distribute all of the stock, all of this 144 stock that you had bouncing back. Since the problem was obvious, you would vastly expand the flow to the shares ­­ in some cases, by a factor of ten.

There were previously, let’s say, 10 million shares authorized, but usually there was 300,000 or 400,000 shares that were actually out. The rest of it was buried in the hands of dealers or constituted restricted stock. So what would happen is towards the end, when the deal would falter, you could always give the deal a second shot by instituting a reverse stock split, which would bring the stock back up to a level where penny stock investors and speculators felt more comfortable, and also back to a level where the shares would then again meet certain regulatory hurdles, thus making it easier to distribute the stock. You took the stock that was originally done and pumped it up to a dollar. In order to maintain it at a dollar and absorb all the stock, you needed a constant flow of hype.

When the shares eventually sank (because the distribution began to back up on the dealers a little bit), you would give the stock a secondary chance by instituting a reverse stock split. That would boost the price of the shares back up to where they were, usually even higher. Of course the spreads would widen out, and as anyone knows in reverse stock split penny deal, the spreads always get very, very wide. But you simply disguise those spreads.

The dealers can very easily disguise those spreads by either not posting Bids and Asks on the pink sheets, or just posting so­called nominal Bids and Asks which would give the appearance to the would­be investor that the stock was substantially more liquid than it was. But the reverse stock split was always the last link in the chain of the fraud of the underlying deal. Because the last time you would pump it up would be through this artifice, this device using a reverse stock split. It wouldn’t be long thereafter that simply the deal would fall apart, and you could distribute the stock all the way back down to a penny bid, three cents offered, which we did on a lot of deals.

Once the broker/dealers were out ­­ or were “whole” financially ­­ as well as your other market makers and specialists, once you had made them whole financially, because you had so severely discounted the stock to them to begin with, then there would always be 30 million or 40 million shares left over. And the Bids and Asks would quickly go to like a penny bid, three cents offered, but with that, you would get a whole new crop of potential investors. You would keep a little bit of hype there. You’d keep a little bit of activity and spread on the sheets. And there’s a whole lot of people that will buy 10,000, 20,000 shares of a two or three cent stock in hopes that it might be a twenty or thirty cent stock. You do open yourself up at a penny ­­ making a market of one and three cents ­­ you open yourself up to a whole new crop of speculators that will be sellers of a deal at twenty cents, not buyers of a deal at twenty cents.

We use to call these type of penny speculators “green feet.” We used to delineate them by where the stocks traded, on what sheets, in other words. For instance, a pink sheet speculator is someone who bought higher priced penny stocks and shares that traded in the low dollars. Of course, when the stock fell down below the pink sheet regulatory level, it would be kicked down to the green sheets. That’s where you find the one cent, three cent, five cent stocks. When they could no longer be maintained at that level, they would be kicked down to the yellow sheets. That’s where you would sometimes see stocks trading in mils ­­ so many mils bid, so many mils offered. As long as there was still somebody willing to buy it, a market could be maintained, particularly since the stock, by this point, did not cost anything to the broker/dealers or those who initiated the fraud. Everybody was out and clean and made their money, and public shareholders were the ultimate bag holders. But you could actually keep these deals floating and alive for a long time before they absolutely fell apart.

Al Martin Iran Contra Whistleblowers Website

Iran Contra Frauds and The Denver Illuminati Zionist Connection

More to come stay tuned: The Denver Illuminati Zionist Connections

Biography
Stew Webb Federal Whistleblower-Activist of 29 years has been a guest on over 3,200 Radio and TV Programs since September 18, 1991 and was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams for in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. NYSE Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings to name a few. Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill and Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman is a member of the “Illuminati Council of 13″
Stew Webb Official Website
“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff May 16, 2013 (Stew Webb USMC Honorable Discharge)

All logos and trademarks in this site are property of their respective owner. FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml

 

Stew Webb

Stew Webb served in the United States Marine Corps and was Honorable Discharge.He is a General Contractor-Home Builder turned Federal Whistleblower-Activist of 30 years has been a guest on over 3,000 Radio and TV Programs since September 18, 1991 and was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams for in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. NYSE Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings to name a few.

Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill and Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman is a member of the “Illuminati Council of 13”

Stew Webb Official Website
Veterans Today Radio News Reports Stew Webb Host
Mondays 6-8 PM Eastern
Listen Live: freedomslips.com Studio B
Thursdays 8-10 PM Eastern
Listen Live: freedomslips.com Studio B
Listen Live by phone 716-748-0112
Veterans Today Radio News Reports Archives

“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.” Gordon Duff, May 16, 2013

Related Posts:

Advertisements

Will You Be Able to Access the Cash in Your Bank Account in the Near Future?


Hello everyone!

My friend invited me to read this article on current trends in the US Banking sector that can happen any day now.  Craig R. Smith another forthright economic analyst shares his take on the current state of the US Banking system.  Craig is basically saying that, the US Government is going to confiscate your money via Presidential Executive order.  How do you feel about this information.

Edward Reidhead

Securing A SAFE Future You Can Bank On!

Shocking New Book Exposes The Unsafe World of 21st Century Banking
DMB By DAVID BRADSHAW, Publisher, Idea Factory Press

20 Economic Predictions Come True Since 2010
DON’T BANK ON IT! book Offers 20 New Warnings!

INTRODUCTION

When it comes to financial matters, who can you really trust?

On 9.16.14 the most important financial book of the year: DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING by Craig R. Smith and Lowell Ponte was officially released – which predicts your bank account may be hit by any of 20 major threats – dangers that daily news headlines are already reflecting, such as…

* The Cyber-Terror Bank Bailout: You on the HookBloomberg
* Banks’ Failure Plans Inadequate Say RegulatorsABC News
* US Banks Braced for Trillion Dollar OutflowsFinancial Times
* G20 Edging Towards Deal on ‘Bail-in’ For BanksReuters
* In Banks We Used To TrustMarketwatch

In fact, authors Smith and Ponte had to keep updating this earthshaking new 256-page book because their amazing predictions kept coming true coming true as printing day neared!

Most of today’s so-called economic “experts” offer plenty of financial market predictions, yet no accountability later on. We think the best test is how accurate an economist or expert has been in the past.

Here are 20 predictions Craig and Lowell have made over the last five years. Another 20 sober new warnings for the next five years can be found in DON’T BANK ON IT!


1. Beginning with their 2010 book CRASHING THE DOLLAR, monetary expert Craig R. Smith and veteran think tank futurist Lowell Ponte warned that vast government economic stimulus spending would not only fail – but would also be an “anti-stimulus” (page 182) that made things worse, not better.

CTD As they predicted, the stimulus caused fear and an expectation of high inflation that frightened businesspeople out of hiring and investing. This made the economy worse.

Keynesian economists in the White House predicted that huge stimulus by printing trillions would produce $1.50 in growth for every dollar they conjured out of thin air.

Years later, the results are that each stimulus dollar generated only 29 cents’ worth of growth, a waste of 71 cents per dollar, showing that Craig and Lowell’s “anti-stimulus” prediction was absolutely right on the money. (See THE GREAT DEBASEMENT, pp. 115-116)

2. In CRASHING THE DOLLAR, Craig and Lowell also warned of the coming bulldozing of homes and economic madness in Detroit (p.52); of the economic peril of the “dark matter” of the “money universe,” hundreds of trillions of dollars’ worth of derivatives (pp. 100-103), and of how America’s “life-or-death long-term bet” that we could turn China capitalist “before we transferred enough wealth to make it militarily superior to us” appears to be a losing wager (p. 23).

3. Craig and Lowell in CRASHING THE DOLLAR also warned that President Obama was a threat to use the Internal Revenue Service (IRS) as a political weapon (pp. 125-126), a prediction that proved to be chillingly accurate as two years later the IRS had targeted conservative and tea party 501(c)3 organizations.

4. In their 2011 book THE INFLATION DECEPTION, Craig and Lowell warned that a withholding of services by America’s overtaxed producers was coming – not unlike the strike depicted in Ayn Rand’s novel ATLAS SHRUGGED. Companies were keeping $3 Trillion overseas, beyond the reach of U.S. tax collectors (p. 58), and what today we call “tax inversions” were soon to begin.

TID 5. They predicted that the mere existence of a Big Government political party able to win control in any election produces a “Donkey Effect,” a drag that reduces business confidence and investment by roughly 25 percent (pp. 197-198, 201-202).

6. Craig and Lowell explained the genetic basis for American Exceptionalism in a specific “entrepreneurial” gene more common in those who chose to come here than is found elsewhere. This gene predisposes us to seek religious and economic freedom. They predicted that this raises our risk of stress-related diseases such as hypertension and cancer as Progressives turn America into the kind of Big Government society our ancestors fled to come here. Craig and Lowell warned that this same gene that made America successful is now, under Progressive Big Government, disproportionately killing the descendants of American pioneers. (p. 131-136).

7. The Federal Reserve, warned Craig and Lowell, is rapidly becoming a Fourth Branch of Government and the planner and regulator of our entire economy…an odd role for an entity supposedly created to keep politics out of monetary policy (pp. 54-55).

8. Fed policies, they warned, are crowding out small businesses from access to loans, and diverting those loans at rock bottom interest rates to government itself (p. 27).

9. Craig and Lowell were the first popular economics writers to point to evidence that several hundred billion dollars in foreign money used in “bear raids” against American banks were a key trigger of the near-collapse of the U.S. economy in 2008 (p. 28-31).

10. They explained how America had become an “Inflatocracy”, with a government of, by, and for inflation, a hidden tax (p. 189).

TGD 11. In their 2012 book THE GREAT DEBASEMENT, Craig and Lowell noted the emerging paradox that the stock market now goes up on bad news in the economy and down on good news. This is because all that now matters in the stock exchange casino is whether events will force the Federal Reserve to keep conjuring more trillions of paper dollars out of thin air. Stocks no longer have much to do with how well companies make or sell products (pp. 21-22).

12. Government stimulus policies, predicted Craig and Lowell, would henceforth produce not only a “multiplier effect” but also a “divider effect” by more heavily taxing some to buy the votes of others (pp. 85-86, 115-117).

13. They predicted more and more terrifying Middle Eastern and other terrorism that could involve the damage caused to global banking by EMP (Electro-Magnetic Pulse) devastation of computerized bank records (pp. 175-178).

14. Craig and Lowell predicted that in the emerging “cashless society” the government will impose an automatic 20 percent tax on every transaction (pp. 220-221).

15. And they predict the possible emergence of a new gold-based Islamic coin and other challengers to the world’s paper currencies, including today’s “global reserve currency,” the U.S. Dollar (pp. 246-249).

16. In their 2013 book THE GREAT WITHDRAWAL, Craig and Lowell foresee that we live in a time that will continue to bring many great withdrawals (p. 224):

(a) Americans renouncing their citizenship in record numbers;

TGW (b) “American companies…moving their operations overseas via foreign corporate partners” to avoid sky-high American taxes;

(c) Americans withdrawing from high-tax states such as California to low-tax states such as Texas;

(d) Unionized public employees withdrawing from their unions;

(e) Americans withdrawing from the workforce altogether;

(f) Savers withdrawing from bank accounts and bonds funds in what looks like a slow-motion bank run.

(g) Germany attempting (unsuccessfully) to withdraw their gold on deposit with the New York Federal Reserve Bank.

(h) Voters withdrawing their support from both major political parties;

(i) The Federal Reserve withdrawing gradually from its most recent economic stimulus program.

17. Craig and Lowell in this 2013 book also predict that an inflation tsunami is coming (p. 129), and that our government will continue to be a “Crisisocracy”, creating and exploiting crises to control and silence Americans (pp. 130-131, 137-138).

18. In their stunning fifth book together, DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING, Craig R. Smith and Lowell Ponte predict that your bank account may be hit by any of 20 major threats (pp. 215-219).

Each one of these 20 perils is its own prediction, and most have already begun to come true in various ways.

Jesse James today would probably be unable to rob your bank, but they reveal that you might have trouble getting what you think of as your own money out of your bank, too.

The risks Craig and Lowell reveal are often amazing and always eye-opening.

You could lose your banked money to one of 125,000 Chinese cyber-warriors half a world away; to greedy banksters; or to rapacious spendaholic politicians who desperately need ever-more revenue to keep expanding the welfare state.

19. Your bank account exists only in a bank computer, not a bank safe, and is being robbed systematically right now.

20. Banking (as we know it) will soon die, Craig and Lowell predict, as will our old notions of money. The dawning “cashless society” and “Internet of Things” that are taking over will be convenient, costly, and risky. You might soon even be robbed via computer chips built into your next refrigerator, Craig and Lowell predict.

Seize this opportunity to receive a FREE review e-copy of DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING. Call 800-289-2646 or Register here.

Your bank account is systematically being robbed, and is at serious risk of being seized and looted. How much interest is your bank paying you to put your money at such risk? Less Than Zero Percent!

Monetary expert Craig R. Smith and futurist Lowell Ponte show why it has become illogical – and hazardous to your wealth – to trust your money to today’s increasingly vulnerable and unsafe banks.

Get Your FREE e-copy of DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING TODAY! (A $20 value!)

Fed warns big banks to reform or face breakup . . . come, now, are we really to take this man seriously? ~J


What is this article really saying?  “New York Federal Reserve chief William Dudley said that after paying well over $100 billion in fines in the past six years for bad behavior…”  is this defining the culture of New York’s Wall Street…  I’ve heard it stated simply as…  a Culture of Fraud.

Thanks for posting this Jean!

Edward Reidhead

2012: What's the 'real' truth?

AFPSource: YahooNews
October 20, 2014
Thanks to B.

New York Federal Reserve President William Dudley appears on FOX Business Network on May 20, 2014, in New York City

New York Federal Reserve President William Dudley appears on FOX Business Network on May 20, 2014, in New York City (AFP Photo/Rob Kim)

New York (AFP) – The Federal Reserve delivered a stark warning to the largest US banks Monday that they could be forcibly broken up if they do not reform their ways.

New York Federal Reserve chief William Dudley said that after paying well over $100 billion in fines in the past six years for bad behavior, banks should recognize the imperative to reform.

If the heads of the large banks do not change the culture that led to the fines, he said in a speech to top Wall Street officials, “then bad behavior will undoubtedly persist.”

“If that were to occur, the inevitable conclusion will be reached that your firms are too big and complex to manage effectively. In…

View original post 207 more words

Usurious Returns on Phantom Money: The Credit Card Gravy Train


Usurious Returns on Phantom Money: The Credit Card Gravy Train

Hello Everyone!

It’s great to post again.  Here is a very interesting article on credit card Banks and their banking operations by my friend Ellen Brown, yes the very same Ellen Brown that is running for State of California CA Treasurer in 2014.  Ellen Brown Is the Green Party candidate for State of California Treasurer in 2014.  Take a look at some of the books Ellen has published.  Ellen is the current President of the Public Banking Institute.  How do you feel about public banking for the state of California?

Sincerely,

Ed Reidhead

The credit card business is now the most lucrative part of the banking industry, and it’s not just from the interest. It’s the hidden fees.

You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users–hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices.

Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. That may not sound like much. But consider that for balances that are paid off monthly (meaning most of them), the banks make 2% or more on a loan averaging only about 25 days (depending on when in the month the charge was made and when in the grace period it was paid). Two percent interest for 25 days works out to a 33.5% return annually (1.02^(365/25) — 1), and that figure may be conservative .

Merchant fees were originally designed as a way to avoid usury and Truth-in-Lending laws. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees. The annual returns not only fall in the usurious category, but they are returns on other people’s money — usually the borrower’s own money!     Here is how it works . . . .

The Ultimate Shell Game

Economist Hyman Minsky observed that anyone can create money; the trick is to get it accepted. The function of the credit card company is to turn your IOU, or promise to pay, into a “negotiable instrument” acceptable in the payment of debt. A negotiable instrument is anything that is signed and convertible into money or that can be used as money.

Under Article 9 of the Uniform Commercial Code, when you sign the merchant’s credit card charge receipt, you are creating a “negotiable instrument or other writing which evidences a right to the payment of money.” This negotiable instrument is deposited electronically into the merchant’s checking account, a special account required of all businesses that accept credit.  The account goes up by the amount on the receipt, indicating that the merchant has been paid.  The charge receipt is forwarded to an “acquiring settlement bank,” which bundles your charges and sends them to your own bank. Your bank then sends you a statement and you pay the balance with a check, causing your transaction account to be debited at your bank.

The net effect is that your charge receipt (a negotiable instrument) has become an “asset” against which credit has been advanced.  The bank has simply monetized your IOU, turning it into money.  The credit cycle is so short that this process can occur without the bank’s own money even being involved . Debits and credits are just shuffled back and forth between accounts.

Timothy Madden is a Canadian financial analyst who built software models of credit card accounts in the early 1990s. In personal correspondence, he estimates that payouts from the bank’s own reserves are necessary only about 2% of the time; and the 2% merchant’s fee is sufficient to cover these occasions. The “reserves” necessary to back the short-term advances are thus built into the payments themselves, without drawing from anywhere else.

As for the interest, Madden maintains:

The interest is all gravy because the transactions are funded in fact by the signed payment voucher issued by the card-user at the point of purchase. Assume that the monthly gross sales that are run through credit/charge-cards globally double, from the normal $300 billion to $600 billion for the year-end holiday period. The card companies do not have to worry about where the extra $300 billion will come from because it is provided by the additional $300 billion of signed vouchers themselves. . . .

That is also why virtually all  banks  everywhere have to write-off 100% of credit/charge-card accounts in arrears for 180 days. The basic design of the system recognizes that, once set in motion, the system is entirely self-financing requiring zero equity investment by the operator . . . . The losses cannot be charged off against the operator’s equity because they don’t have any. In the early 1990’s when I was building computer/software models of the credit/charge-card system, my spreadsheets kept “blowing up” because of “divide by zero” errors in my return-on-equity display.

A Private Sales Tax

All this sheds light on why the credit card business has become the most lucrative pursuit of the banking industry. At one time, banking was all about taking deposits and making commercial and residential loans. But in recent years, according to the Federal Reserve, “credit card earnings have been almost always higher than returns on all commercial bank activities.”

Partly, this is because the interest charged on credit card debt is higher than on other commercial loans. But it is on the fees that the banks really make their money. There are late payment fees, fees for exceeding the credit limit, balance transfer fees, cash withdrawal fees, and annual fees, in addition to the very lucrative merchant fees that accrue at the point of sale whether the customer pays his bill or not. The merchant absorbs the fees, and the customers cover the cost with higher prices.

A 2% merchants’ fee is the financial equivalent of a 2% sales tax — one that now adds up to over $30 billion annually in the US. The effect on trade is worse than either a public sales tax or a financial transaction tax (or Tobin tax), since these taxes are designed to be spent back into the economy on services and infrastructure. A private merchant’s tax simply removes purchasing power from the economy.

As financial blogger Yves Smith observes:

[W]hen anyone brings up Tobin taxes (small charges on every [financial] trade) as a way to pay for the bailout and discourage speculation, the financial services industry becomes utterly apoplectic. . . . Yet here in our very midst, we have a Tobin tax equivalent on a very high proportion of retail trade. . . . [Y]ou can think of the rapacious Visa and Mastercharge charges for debit transactions . . . as having two components: the fee they’d be able to charge if they faced some competition, and the premium they extract by controlling the market and refusing to compete on price. In terms of its effect on commerce, this premium is worse than a Tobin tax.

A Tobin tax is intended to have the positive effect of dampening speculation. A private tax on retail sales has the negative effect of dampening consumer trade. It is a self-destruct mechanism that consumes capital and credit at every turn of the credit cycle.

The lucrative credit card business is a major factor in the increasing “financialization” of the economy. Companies like General Electric are largely abandoning product innovation and becoming credit card companies, because that’s where the money is. Financialization is killing the economy, productivity, innovation, and consumer demand.

Busting the Monopoly

Exorbitant merchant fees are made possible because the market is monopolized by a tiny number of credit card companies, and entry into the market is difficult. To participate, you need to be part of a network, and the network requires that all participating banks charge a pre-set fee.

The rules vary, however, by country. An option available in some countries is to provide cheaper credit card services through publicly-owned banks. In Costa Rica, 80% of deposits are held in four publicly-owned banks; and all offer Visa/MC debit cards and will take Visa/MC credit cards. Businesses that choose to affiliate with the two largest public banks pay no transaction fees for that bank’s cards, and for the cards of other banks they pay only a tiny fee, sufficient to cover the bank’s costs.

That works in Costa Rica; but in the US, Visa/MC fees are pre-set, and public banks would have to charge that fee to participate in the system. There is another way, however, that they could recapture the merchant fees and use them for the benefit of the people: by returning them in the form of lower taxes or increased public services.

Local governments pay hefty fees for credit card use themselves. According to the treasurer’s office, the City and County of San Francisco pay $4 million annually just for bank fees, and more than half this sum goes to merchant fees. If the government could recapture these charges through its own bank, it could use the proceeds to expand public services without raising taxes.

If we allowed government to actually make some money, it could be self-funding without taxing the citizens. When an alternative public system is in place, the private mega-bank dinosaurs will no longer be “too big to fail.” They can be allowed to fade into extinction, in a natural process of evolution toward a more efficient and sustainable system of exchange.

Slavery By Consent ( Full Version)


Hello Everyone!

I’m committed to posting more information on this blog. Here is a very interesting documentary film that provides new and unique information on what is really going on with my and others reality here and now. Am I really consenting to my slavery by going along to get along? I invite you to comment on the video and share with me and everyone what stands out for you.

Ed Reidhead

 

Slowly, the world awakens from the nightmare of debt slavery and illegitimate authority imposed on us for nearly 6000 years which has violated the natural, universal laws made to govern us and our interaction with each other and all other species on this planet by the Creator of the universe…

GoldSeek Live Webinar – Sept 9, 2013 [Dr Jim Willie & Rudi Fronk]


Hello to Everyone including all the new Friends and Subscribers,

Every time someone new follows my blog I get inspired…  Look at these interesting times we are in right now folks! I feel like now is the time for me to stand in my Integrity! I have a Vision! I have a vision that I am creating Integrity, Authenticity, Honor and Freedom for myself and everyone!  Will you stand for your life?  or will you live as a debt slave with debt based money paying interest to who?
I stand for public Banking and I stand for asset based money, whether that’s Gold, Silver, Bitcoin or Real Estate. I will continue to stand for integrity in commerce and human equality and dignity. Who will stand with me!
Enjoy my sincere and honest friend Jim Willie (~27 min), I really appreciate his amazing ability to communicate  complex Geo-political and fundamental Financial operations of the USFed and member World Central Banks.  Congratulations to Goldseek.com and their crew for creating this event.

Ed Reidhead

U.S. government to sue JPMorgan in mortgage case: sources


U.S. government to sue JPMorgan in mortgage case: sources

Hello Friends!

It is very clear to me that a “Predatory Banking System” steeped in Fraud and Economic manipulation is strangling and enslaving 99.99% of All peoples on this planet.  Well, for me the question is what to do?  One thing I will do is stand for my Life!  I will also stand for the lives of Every human being on this planet, it really is a question of human dignity for me.  I am Free…  My lust and greed for 3D physical things and comforts will not enslave me via Fear of losing or not having those “things”…

Ed Reidhead

 

U.S. government to sue JPMorgan in mortgage case: sources

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar

Mon Sep 23, 2013 5:09pm EDT

(Reuters) – The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank’s legal troubles are not yet over.

A lawsuit, first reported by Reuters, could come as early as Tuesday, people familiar with the matter said on Monday.

JPMorgan spokesman Brian Marchiony and Justice Department spokeswoman Adora Andy Jenkins declined to comment.

The bank disclosed in August that federal prosecutors in California were conducting criminal and civil investigations into the bank’s mortgage securities.

In those investigations, government lawyers have concluded that JPMorgan committed civil violations of securities laws in offering mortgage bonds from 2005 to 2007 that were backed by subprime and other risky residential mortgages.

The expected charges come less than one week after the largest U.S. bank paid $1 billion to resolve investigations into its “London Whale” trading scandal and issues surrounding the wrongful billing of credit-card customers.

It was not immediately clear whether the new charges would be civil, criminal or both.

A source familiar with the cases earlier told Reuters that the probes in the Eastern District of California involve mortgage bonds offered by JPMorgan itself and not those by companies it bought during the crisis such as Washington Mutual or Bear Stearns.

The case underscores the limits on JPMorgan chief executive Jamie Dimon’s ability to draw a line under the bank’s mounting regulatory headaches.

Even as the bank has attempted to move past major liability involving its London Whale trades, it continues to face a criminal probe and a lawsuit from the derivatives regulator over the matter.

The expected DOJ case is not the only U.S. probe involving the bank’s mortgage-backed securities business. Prosecutors in Philadelphia and New Jersey are also working on cases, related in part to the bank’s Bear Stearns unit, which it acquired in 2008 at the behest of the government.

New York Attorney General Eric Schneiderman also sued the bank last October over mortgage-backed securities packaged and sold by Bear Stearns.

TASK FORCE CASES

This newest case comes almost two years after President Barack Obama announced a task force to probe the misconduct that fueled the 2007-2009 financial crisis, and after Attorney General Eric Holder has promised to bring big cases involving the mortgage-backed securities.

The Justice Department has faced withering criticism for bringing few marquee cases against major financial firms or their executives.

In August, the DOJ and the U.S. Securities and Exchange Commission sued Bank of America Corp and accused it of investor fraud in the sale of $850 million of residential mortgage-backed securities.

On Tuesday, Bank of America is also scheduled to go to court to defend a separate U.S. case involving loans the bank’s Countrywide unit sold to Fannie Mae and Freddie Mac.

(Reporting by Aruna Viswanatha in Washington and Emily Flitter and David Henry in New York; Editing by Gary Hill and Andre Grenon)

http://www.fraudstoppers.org/


 

http://www.fraudstoppers.org/

Breaking News for California Homeowners Facing Foreclosure:

Your mortgage could be legally unenforceable and you could be entitled to financial compensation for mortgage fraud and other legal violations. Legal errors, contract breaches, appraisal and mortgage fraud have caused the majority of mortgage transactions to be legally unenforceable.

Did you know that a government audit revealed that 83% of the mortgages surveyed contained legal violations?

Did you know these legal violations can turn the tables on your predatory lender and make them pay you to go away?

“I cannot decide for you the moral obligations you wish to pursue; but if a wrong has been committed against you (such as a clouded title or a fraud resulting from a mortgage loan) you have the duty as an American property owner to correct it. Filing a suit (in my book) reflects one’s personal responsibility”. Clouded Titles, p 13.

Stop playing games and wasting time trying to work with your corrupt lender, they are not in business to help you. If you’re interested in learning how to save your house from foreclosure by suing your predatory lender for mortgage fraud, get started right now by clicking here

http://www.fraudstoppers.org/

Unsealed court-settlement documents reveal banks stole $trillions’ worth of houses


Wow!  Is this the way Banks do business with Homeowners here in the United States?  I’m learning more and more about the mortgage banks and the different illegal activities they engage in.

Ed Reidhead

 

Unsealed court-settlement documents reveal banks stole $trillions’ worth of houses

Cory Doctorow at 8:46 am Mon, Aug 12, 2013
 
Back in 2012, the major US banks settled a federal mortgage-fraud lawsuit for $95,000,000. The suit was filed by Lynn Szymoniak, a white-collar fraud specialist, whose own house had been fraudulently foreclosed-upon. 

When the feds settled with the banks, the evidence detailing the scope of their fraud was sealed, but as of last week, those docs are unsealed, and Szymoniak is shouting them from the hills. The banks precipitated the subprime crash by “securitizing” mortgages — turning mortgages into bonds that could be sold to people looking for investment income — and the securitization process involved transferring title for homes several times over. This title-transfer has a formal legal procedure, and in the absence of that procedure, no sale had taken place. See where this is going?
The banks screwed up the title transfers. A lot. They sold bonds backed by houses they didn’t own. When it came time to foreclose on those homes, they realized that they didn’t actually own them, and so they committed felony after felony, forging the necessary documentation. They stole houses, by the neighborhood-load, and got away with it. The $1B settlement sounded like a big deal, back when the evidence was sealed. Now that Szymoniak’s gotten it into the public eye, it’s clear that $1B was a tiny slap on the wrist: the banks stole trillions of dollars’ worth of houses from you and people like you, paid less than one percent in fines, and got to keep the homes.
Now that it’s unsealed, Szymoniak, as the named plaintiff, can go forward and prove the case. Along with her legal team (which includes the law firm of Grant & Eisenhoffer, which has recovered more money under the False Claims Act than any firm in the country), Szymoniak can pursue discovery and go to trial against the rest of the named defendants, including HSBC, the Bank of New York Mellon, Deutsche Bank and US Bank.
The expenses of the case, previously borne by the government, now are borne by Szymoniak and her team, but the percentages of recovery funds are also higher. “I’m really glad I was part of collecting this money for the government, and I’m looking forward to going through discovery and collecting the rest of it,” Szymoniak told Salon.
It’s good that the case remains active, because the $95 million settlement was a pittance compared to the enormity of the crime. By the end of 2009, private mortgage-backed securities trusts held one-third of all residential mortgages in the U.S. That means that tens of millions of home mortgages worth trillions of dollars have no legitimate underlying owner that can establish the right to foreclose.

This hasn’t stopped banks from foreclosing anyway with false documents, and they are often successful, a testament to the breakdown of law in the judicial system. But to this day, the resulting chaos in disentangling ownership harms homeowners trying to sell these properties, as well as those trying to purchase them. And it renders some properties impossible to sell.

To this day, banks foreclose on borrowers using fraudulent mortgage assignments, a legacy of failing to prosecute this conduct and instead letting banks pay a fine to settle it. This disappoints Szymoniak, who told Salon the owner of these loans is now essentially “whoever lies the most convincingly and whoever gets the benefit of doubt from the judge.” Szymoniak used her share of the settlement to start the Housing Justice Foundation, a non-profit that attempts to raise awareness of the continuing corruption of the nation’s courts and land title system.

SOURCE: BoingBoing

My Foreclosure Experience Begins with a “Notice of Default” from the bank…


Hello Everyone,

Today I just learned that the Bank (Federal Reserve Bank, the Bank of New York Mellon, JPMorgan, Chase, One West Bank, IndyMac Bank) that holds the mortgage on my home at 537 N. 6th Street, Montebello, CA  90640 has started a foreclosure process against my brother (I actually live in the house) as I continue to pay the monthly mortgage.  I have had many mixed feelings on this, I feel like the best thing I can do at this time is to be transparent and share my experiences for the benefit of All.

I am seeking legal advice from those that understand the systemic fraud being practiced in the mortgage markets.  I am committed to filing a lawsuit against the bank for the many Fraud’s committed and continuing in the mortgage market.  I am standing for my financial freedom and everyone’s financial freedom…

more to follow…

Ed

 

%d bloggers like this: