Fannie Mae, Freddie Mac and heartless Banks announce "kick-off" of 2012 Program: HOMELESS for the NEW YEAR
As originally reported Fannie & Freddie were covering up bad behaviour during the "Holidays"
Thousands will now face surprise Evictions by misinformed police with orders from the courts
Unfortunately, many courts and judges are still asleep-at-the-wheel and continue to award
"Free Homes" to the FRAUDulent Banks, Trusts, and Servicers
THEY ARE COMING.....WHO WILL IT BE?.....ARE THEY COMING....FOR YOU ??
THEY ARE COMING
This family, like thousands before them, are re-living the nightmare, The Pounding....The Police...The Noise ....it will not go away
Their Christmas Joy and Holiday fun are replaced by fear...as they hang on....each day
THEY ARE COMING....again.....beginning Tuesday JANUARY 3rd, 2012. THEY ARE COMING....to your city....your state ....and THEY ARE COMING..........FOR YOU
Please email, link, facebook or twitter this video - share through any social media
We must......get the message out: WE MUST STOP THE INDIGNITY WE MUST STOP THE CRIME WE MUST STOP THE EVICTION WE MUST STOP THE FRAUDclosures
THEY ARE COMING What you are about to see ......REALLY HAPPENED Listen, Witness and Experience....the inhumane side of EVICTION Will they come again....for this family? Will they steal their home? Will they come ….when no one is watching? Next time....will they come....for you?
A land once filled with promises...Where the American Dream was a family’s home,
has now become the land of broken promises and shattered dreams.
Sounds of children crying ....haunt parents ....who find it hard to sleep... Everyone......waiting.... for the next knock or pounding....on the front door.
Communities are being destroyed, as families disappear into the night. This will leave heavy scars on the very fabric of our nation.
These wounds are so deep…it will take a generation...or two....to heal. 3,000 ....EVICTIONS.... EVERY SINGLE DAY of the YEAR.
Maybe not today, or tomorrow, but ......THEY ARE COMING
They come......often with little or no warning. Fannie and Freddie stopped foreclosing for the holidays, but only for a brief moment, they did not stop....out of the goodness of their hearts. They paused, so no one witnesses THE HORRORS OF THEIR ACTS AT CHRISTMAS.
January 3rd is coming and the daily mass evictions need to be ramped back up....again
THEY ARE COMING This family, like thousands before them, are re-living the nightmare, The Pounding....The Police...The Noise ....it will not go away
Their Christmas Joy and Holiday fun are replaced by fear...as they hang on....each day
THEY ARE COMING....again.....beginning JANUARY 3rd, 2012. THEY ARE COMING....to your city....your state ....and THEY ARE COMING..........FOR YOU
Please email, link, facebook or twitter this video - share through any social media We must......get the message out...and.... WE MUST STOP THIS INDIGNITY WE MUST STOP THIS CRIME WE MUST STOP THIS EVICTION and FRAUDCLOSURE AGAINST THIS FAMILY
Other Websites: 4closureFraud.org and ForeclosureHamlet.org
Thank you Martin (at Mandelman Matters) for strength & guidance for this post Homeowners in Chicago and Cleveland STOPPED EVICTIONS...in the 1930s Are we approaching a point in time - where homeowners "Rise Up" AGAIN?? RACHEL MADDOW SHOW......OCCUPY OUR HOMES........
A growing number of homeowners & supporters are standing up to the banks
I will:
Resist attempts by the FRAUDsters (banks & servicers) to "steal" our homes.
Take necessary action(s) to Support American Homeowners.
If they attempt to foreclose, I will not go
If they attempt to evict, I will not go
If they attempt to Steal my neighbors home, I will stand in solidarity with them
I will:
- sign petitions
- make phone calls
- contact caring - local and national organizations
- join efforts of local and national organizations that help with foreclosure defense & to help stop evictions
- help spread the word
TAKE THE PLEDGE: IN DEFENSE of AMERICAN HOMEOWNERS: (CLICK HERE)
It will be right after Christmas, and they’ll still take your house
That Predator Drone - Lerner Sampson Rothfuss Their documents were strung together without care,
Have a missing assignment? LPS will be there!
There’s Miller in Iowa who’s leading the chatter,
“Millions of foreclosures? Hey, what’s the matter?”
Amnesty for the banks who started this crash,
For a slap on the wrist and a wee bit of cash.
They’ll doctor the proof to steal your home free and clear,
With forged notes backdated five years!
A VP with a short name will do the trick,
Boy! That Linda Green can sure sign ’em quick!
More rapid than a machine she signed her name,
And under deposition the rest of them came.
Sign Linda! Sign Crystal! Christine and Bryan!
Sign Stephan, Sign Hoye, Thomas and Samons!
We’ll pay you more than you can make at the mall,
Now sign away, sign away, sign away all!
You can apply for a loan mod but it surely won’t fly,
You’ll be met with obstacles that reach to the sky!
.......A father of three stands in the shadows made by the tree in the front yard of his home of 14 years. It’s 2:30 AM. He’s wearing a tee shirt and boxer shorts. The wind is audible and cold. His eyes fixate on the flower box he built his first year as a homeowner. His stare moves to the driveway… his driveway… and remembers pitching underhand to his youngest son. He had thought they would live in this house forever. He absent-mindedly scratches his chest with the barrel of the .38 Smith & Wesson Super he’s holding in his hand. He wonders if insurance policies pay off after suicide.
........A mother is on the phone first thing one morning. She reads my column on-line. She calls to tell me that her son, 41 years old, hung himself in the basement of his home last night. She found him yesterday morning. He had been laid off and out of work for nine months. He tried to convince his bank to modify his mortgage since then. Went through his savings. Started spending hers. Her voice shakes. “Now,” she says, “the bank will finally get what they’ve wanted all along… his house.”
In an attempt to "cover-up" the insidious and outrageous bonuses they had planned to award themselves, a Fannie Mae insider was told to leak word that a "goodwill announcement" (press release) is imminent. This Holiday Goodwill is purported to be a two week (Dec 19th - Jan 2nd) "temporary suspension" of scheduled foreclosure evictions. It's intended to show the companies compassion, for homeowners, during the 2011 December Holiday season. REALLY?...Compassion? Homeowners - expect the below 2011Holiday Greeting Card.
The timing of this hollow & bogus gesture coming from the collapsed and failed Fannie Mae should cause OUTRAGE to all homeowners. It will surely be followed, by a similar announcement, from the other step-child, also in government foster care - Freddie Mac. The planned Holiday Announcement (yet to be made) was originally scheduled to be released two weeks ago and was supposed to give an additional 3-day eviction reprieve and encompass the Thanksgiving Holiday period of Wednesday Nov. 23rd - Friday Nov. 25th.
I can only imagine the excitement that would have been expressed by many homeowners. Something like..."Wow...your kidding...a whole 3-days...what a life-saver!"
Art Work by Pete Graff
However, after their outrageous pay and bonuses were made public, it was decided to temporarily delay the phony announcementgood news about the 3-day Turkey eviction reprieves. Instead the top 2 executives heading the seized housing fiance giants were dragged "up the hill" (to Washington) and forced to explain, to members of a Congressional committee, why they deserved a combined $12 MILLION in salary and bonuses for 2011. Yes, you read it right, theses two axxholes (below) want a mere.... $12 million for 2011. Photo Courtesy of LATimes
12 Executives at the 2 firms received roughly $35.4 Million in salary and bonuses in 2009 & 2010. Fannie CEO - Michael J Williams reaped $9.3 Million in 2009 and 2010
Freddie CEO - Edward Halderman Jr. was paid $7.8 million in 2009 and 2010. Apparently that type of income was not enough, and all this "came to light" and was further exposed when Fannie & Freddie asked US taxpayers to ante up another $13.8 BILLIONto cover losses for their 3rd quarter (July 2011-Sept 2011) mismanagement. These two companies, owned by you and me, continue to act as "mortgage garbage cans" for the large banks. The Too Big To Fail (TBTF) banks repeatedly sell their bad and non-performing loans to Fannie & Freddie in order to clean-up their balance sheets and "Dump the Debt" onto the backs of hardworking Americans. To date - U.S. Taxpayers were forced gave about $169 BILLION Dollars to rescue Fannie and Freddie. They have easily been the most expensive bailouts of the 2008 financial crisis and keep hemorrhaging massive amounts of money. The government "cost estimates" to maintain these two trash barrels, along with the high-priced executive payrolls, could reach $220 billion ...and that guesstimate is to support them...only through year 2014!
Even more amazing - watching these "tone deaf" executives attempt to JUSTIFY - under oath - their insane compensation. (C-span testimony below) It is truly - Sickening to watch Listen to U.S. Representative Elijah Cummings (MD) at 34:15 point Listen to OHIO Representative Dennis Kucinich beginning at the 50:01 point
WARNING: Watching may cause nausea and vomiting....or temporary turrets syndrome.
Regardless of the outcome, of the congressional review, be looking for the 2011 bogus PR announcements from Fannie & Freddie along with other carefully crafted statements from all the Big Banks gifting Holiday Goodwill.
Below is an Actual Statement Released by Fannie Mae President & CEOMichael J. Williams on December 17, 2009 when announcing that evictions would be suspended for a 14 day period (Sat Dec 19, 2009-Sun Jan 3, 2010) of which 8 days were either a holiday or weekend.
"No family should have to face the prospect of being evicted during the Holiday Season"
Williams efforts to make a short eviction reprieve appear as "A Gift" is really an effort to disguise and deceive.In fact, the Holidays are simply an untimely delay to execution of the eviction process, which is usually dumped on local law enforcement. They (police) don’t want to be the “bad guys” or to be seen as throwing families "out on the street" during the Holidays. These bogus announcements, as Holiday eviction delays, are simply giant orchestrated PR moves "spoon-fed" to the media COVERING UP the on-going FRAUDclosures & Evictions that happen 3,000 times every single day. Well...except ...you know... not during the soon to be announced... Holiday Eviction Delay
And stay tuned....as we will be posting these ridiculous PR statements... as they're released by the two government wards (Fannie & Freddie) and the various other criminal enterprises banks and lenders.
OccupyWallStreet leaders had seen enough and released information for a Day of Action
Something is NOT right! This "Announcement" of lawsuits (NOT yet filed) filed on Labor Day Friday simply DOES NOT pass the smell test. Something is really wrong here! I guess we'll find out the "real reason" for this explosive (news? lawsuit? diversion?) in the coming:
1) Days (from the Federal Housing Finance Agency - Really!) or intertwined in Obama's "Job Creation" speech being allowed next Wednesday?, or Thursday by John Boehnor
2) Weeks (When we see the 50 state {46} AG settlement {forgiveness figure})
3) Months (When the bloggers, pundits, & non "Bank Speak" media tell us the real reason)
HELLO - Matt Taibbi - of Rolling Stone...can you take my call? and give me the real story! Regardless, I'll post your full article with the TRUTH (for this major smokescreen) Hopefully you will be releasing it in the September...oh darn...I mean... October issue.
Countrywide Financial Corporation (KNA Bank of America Corp.)
Credit Suisse Holdings (USA), Inc.
Deutsche Bank AG
First Horizon National Corporation
General Electric Company
Goldman Sachs & Co.
HSBC North America Holdings, Inc.
JPMorgan Chase & Co.
Merrill Lynch & Co. (AKA - First Franklin Financial Corp.)
Morgan Stanley
Nomura Holding America Inc.
The Royal Bank of Scotland Group PLC
Société Générale
FHFA HAS SHOCKING NEWS....BEING REVEALED....3 YEARS LATE(R):
According to the reporter - Nelson Swartz: "the suits" will argue the banks, which assembled the mortgages and marketed them as securities to investors, failed to perform the due diligence required under securities law and missed evidence that borrowers’ incomes were inflated or falsified. (REALLY!)
MORE SHOCKING:......Besides the "angry investors"(Say Who?) the long asleep at the wheel and paid-off50 state attorneys generals(zzzzzzz) are in the final stages of negotiating a settlement (soft landing - minuscule payout) to address abuses, crimes and out right fraud perpetrated by the largest mortgage servicers, including Bank of America, JP Morgan and Citigroup. The attorneys general, as well as federal officials, are pressingthe banks (to makepolitical donations or have) to payat least (a paltry) $20 billion, with much of the money earmarked to reduce mortgages of homeowners facing foreclosure. (Not a fuxxing chance!...who are they kidding...like the banks will look hard to find that homeless family..... and give them their $85 settlement check!)
"SMELL TEST" FAILURE: Bank officials also counter that further legal attacks on them will only delay the recovery in the housing market, which remains moribund, hurting the broader economy. Other experts (who are these experts?) warned that a series of adverse settlements costing the banks billions raises other risks, even if suits have legal merit. YES YOU READ IT RIGHT - LET THE CRIMINALS GO FREE - OTHERWISE -THE ECONOMY WILL SUFFER!
Bank Speak: “While I believe that F.H.F.A. is acting responsibly in its role as conservator, I am afraid that we risk pushing these guys off of a cliff and we’re going to have to bail out the banks again,” said Tim Rood, (who worked at Fannie Mae until 2006 and is now a partner at the Collingwood Group, which advises banks and servicers on housing-related issues) FOX IN SHEEP'S CLOTHING ASKED TO COMMENT - ON THE HEN HOUSE - HE USED TO HELP WATCH OVER (WOW!)
3 Insiders responsible for timely leak : “according to three individuals briefed on the matter" [T]he suits stem from subpoenas the finance agency issued to banks a year ago. (Yawn !)
The "Bad Economy" Excuse and Phony Fraud "Cover-Up" language: ..But privately, financial service industry executives argue that the losses on the mortgage-backed securities were caused by a broader downturn in the economy and the housing market, not by how the mortgages were originated or packaged into securities. (Are you Fuxxing kidding me!..What insiders...said this!!) In addition, they (who?) contend that investors like A.I.G. as well as Fannie and Freddie were sophisticated and knew the securities were not without risk.
Some sobering Numbers from the two companies taxpayers own - As of June 30, 2011: FREDDIE MAC holds more than $80 billion in mortgage backed securities
(backed by "crappy" and "Shxxy" sub prime mortgages, Option ARM and Alt-A loans). FANNIE MAE holds $38 billion of mortgage securities
(backed by Alt-A and sub prime loans)
The combined $120 BILLION portfolios - expect $35 BILLION (29%) to be worthless
I have to go now ..as ...I'm "throwing up" in my mouth (as my daughter describes this nausea)
Below is more coverage of this "NEWS"
