This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Mortgage Fraud: The Next Chapter

The corrupt U.S. judiciary has willfully blinded itself to this organized, serial fraud, rubber-stamping hundreds of thousands (millions?) of illegitimate foreclosures, with the result being that the Big Banks illegitimately took possession of these properties based on known, fraudulent documents and without ever proving they had the right to take possession of these properties in accordance with the law.

It is in this context that we must view the headline from the propagandists at Reuters: Bank of America, Other Banks Move Closer to Ending Mortgage Mess.

Obviously the initial paragraphs of this article indicate that nothing has "ended" regarding this "mortgage mess." Sixty million properties are still tainted with MERS fraud alone. Many of those properties have been tainted with multiple acts of additional fraud, and some properties outside of the MERS registry have also been tainted with this additional fraud.

This takes place in a land registry system that is supposed to guarantee "perfect title" to any/every bona fide purchaser. Where even the tiniest flaw is discovered, this mandates a thorough litigation: to unearth each/every act of fraud, trace back the land title to a point in time before it was tainted with fraud, and to thus "fix" the title at that time.

What this means in practice is that many supposed U.S. "homeowners" will be told they do not own the home for which they just finished paying. If these cheated homeowners are able to identify the specific perpetrators of the original fraud, if those perpetrators have not already been bankrupted by their serial fraud, if the corrupt U.S. judiciary actually does its duty, and if they can afford to hire a lawyer and fight a battle in court, these would-be homeowners may actually end up with the property they thought they had purchased. Or they could end up with nothing.

With these 60+ million fraud-tainted properties having now been swept under the carpet by the U.S. government, the U.S. judiciary, and, of course, the Big Banks themselves, what did Reuters mean when it talked about "an end to the mortgage mess"?

It meant that its friends, the Big Banks, were now on the verge of obtaining nearly complete legal immunity to the largest crime wave in human history.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs