This Day On The Street
Continue to site
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $109.66 -0.65%
FB $93.58 1.60%
GOOG $635.22 1.30%
TSLA $246.86 -0.29%
YHOO $31.00 0.94%


Chart of I:DJI
DOW 16,643.78 +171.41 1.04%
S&P 500 1,975.63 +24.27 1.24%
NASDAQ 4,755.4510 +47.6760 1.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs