Mortgage Fraud Investigations
A growing effort to help Marin homeowners facing foreclosure is seeking a financial boost from a musical benefit this weekend in Novato.
Marinstock, a daylong program set to begin at 10 a.m. Saturday at the Hamilton Amphitheater in Novato, will feature a host of Bay Area musicians, entertainment for children, food tents and a healing sanctuary to raise awareness of a local fight to save homes and take on corporate giants. Read more about the Marin Music Festival…
The latest chapter in the mortgage meltdown is being written in court, as one by one, judges are putting a halt to foreclosures. The latest was a recent Kansas Supreme Court case. In Landmark National Bank v. Kesler, the court held that a nominee company called MERS had no standing to bring a foreclosure action.
Nor was Kansas the first. In August 2008, Federal Judge for the U.S. Bankruptcy Court for the District of Nevada ruled MERS had no standing. ”Indeed, the evidence is to the contrary, the Note has been sold, and the named nominee no longer has any interest in the Note.”
In September of 2008, A California Judge ruling against MERS concluded, “There is no evidence before the court as to who is the present owner of the Note. The holder of the Note must join in the motion.” Read more about mortgages with flaws…
The paper bills in our wallet are not money. And they are not Notes as in “Federal Reserve Note” written on the top of the bill. They are actually just Tokens. Federal Reserve Tokens, if you like, is what should be written on top of the bills. They are not redeemable for anything other than themselves. And they represent only one thing: Your belief in their value. Hopefully, your belief extends to the next person you try to give them to.
The only real use for them is paying your taxes to either the state or federal government. You can be sure, however, that both will stop accepting them as payment even for taxes if you and I stop believing in the paper bills.
Paper money, or fiat, was originally accepted because you could redeem the paper for gold upon request. Read more about fractional reserve banking…
Vanity Fair will report in the next issue of the magazine that US Treasury Secretary Henry Paulson — a former head of the investment bank Goldman Sachs — tried to orchestrate secretive deals in the midst of the financial crisis but got blowback from prominent investor Warren Buffett. The following press release was obtained by Raw Story; the magazine appears today on newsstands in New York and Los Angeles. Read more about the secret Goldman Sachs deal…
