State Politicos Capitalizing On Mortgage Crisis for Careers

I read recently that Terry Goddard, Arizona's current attorney general, has joined a Task Force supposedly to address the scam artists operating in Arizona after Obama's claimed "rescue" was announced.

Below is a copy of a letter I sent to the Arizona legislature as a former 45 year resident and victim of state and federal governmental negligence to do their primary jobs and functions with respect to both regulation of commercial interests operating within the state, and also the border security issue which has progressively also victimized so many thousands of border state residents.

Dear Legislators:

I read with interest the interviews Mr. Goddard has been conducting on his now appointment and selection in the 10 state "Mortgage Foreclosure" Task Force. About four years too late, isn't he? Actually, about fifteen if you count the ones now being lost by homeowners to those "state actor" HOA foreclosures also facilitated by the Arizona legislature's progressive unconstitutional legislation with federal collusion, of course, for the benefit of U.S. developers and the municipal governments at private property owners expense selling what are no more than "use rights" as "ownership" rights.

My response to one such recent article is below, in which he attempted to shift blame for this "white collar criminal fraud" on simply the now ex-real estate agent taxpayer paid "advisors" when it is and was clear that Obama's focus was to protect the foreign investors through those banks and simply paint it for the public as a "rescue" and help for those scammed homeowners by those lenders and agents pushing those loans for higher commissions. In fact it is nothing more than a means to facilitate more profit for the banks and flip those properties while continuing to collect those fees and added usurous costs in those "contracts" before eventual foreclosure, with the future plan quite apparent being setting up the "new legalized" Americans as the next patsies in what appears to be at this point a governmentally facilitated Ponzie scheme.

Which now has been recyled twice, last time under during the Keating fiasco in the 80's under Reagan.

Along, of course, with a new group of retiree baby boomers from the East and Midwest drawn by all those ads the realtors are running in the East Coast and Midwestern newspapers on the cheap housing now available, after stealing them from the Regan era group now in their 70's and 80's.

And the fleeing liberal Californians also from the havoc they have wrecked in their own state due to their also progressive liberalism on both sides of the aisle - Republican big business corporate welfare liberalism and Democrat big business corporate welfare liberalsm, with just a shift in "corporate" group of beneficiary at the individual citizen's expense.:

"Most of those unlawful mortgages were written out of California, Mr. Goddard, and Arizona by Countrywide, IndyMac, Bank of America (now a front for Merrill Lynch after the bank "bailout" of the Federal Reserve bank branches by the Federal Reserve and thus the entire "bailout" a fraud on the public to begin with, and which as an investment broker bundled and resold a great many of those mortgages to those foreign investors on the secondary markets to begin with).

And not mentioned is the contribution in these foreclosures of the scam HOAs that Arizona instituted as nothing more than "use rights" sold as "ownership" and "socialized housing" which are also responsible for most of them in their unregulated practices, overly restrictive maintenance standards and costs and that "extra" uncredited taxation which is what is leading to many losing their homes, especially the retirees and others on fixed incomes - incomes which did not "adjust" at all during the boom while property taxes skyrocketed.

As one who lost their home (and home state) after 45 years during this mortgage meltdown due to those unlawful statutes and "state" actors and actions, and also three illegal immigrant thefts during the past 10 - this "task force" is so he can promote himself in the race for Governor for 2010 and nothing more.

For years, when homeowners were being ripped off right and left by the state created HOAs (because they can even move faster than the mortgage companies, or act in collusion with them through the "industry" foreclosure lawyers associated within the Bar itself), Mr. Goddard simply posted notices to "Beware of foreclosure scams," that was the extent of his involvement on behalf ot the Arizonans who were paying his salaries and is supposed to address such criminal matters through his offices and high taxpayer paid staff members.

And he and all the lawyers he employs in that office must be playing Guitar Hero on their new stimulus provided computers from that taxpayer paid billion dollar grant to Silicon Valley (the largest recipient also on the Middle East wars, and domestic spying program now)...because his idea of prosecuting felons in that state that are involved in the white collar criminal activity going on in the real estate market there is posting notices on his website - or telling homeowners to go "file a lawsuit" (foreclosed on property owners don't usually have five figure retainers, and he knows it) when that is HIS JOB - to represent Arizonans in capital criminal matters.

And stealing homes and equity without trials in many of these ongoing foreclosures due to the extenuating circumstances in lack of regulation in any manner whatsoever in Arizona of the real estate industry, banks and predatory lawyers engaged in this continuing practice is capital fraud, not civil fraud.

And they are setting up the illegals that they intend to legalize as the next victims, who won't be able to read those 50 page loan docs in English since most Americans could not understand that speak fluent English. Or even those that have legal training and experience they are so full of legalese and double speak, and protective covenants for the lenders most of all not simply on repayment of the loans, but also care and upkeep of the properties themselves even with the heavy front end costs, down payments and junk fees that were charged also for most of those loans.

It appears now that the MO is that in another 20 years, another new generaton of retirees those brokers and agents then lure to Arizona with these "cheap" properties with their ads in the Chicago and East Coast newspapers on the great "deals" in Arizona real estate and homes once again can be fleeced then of theirs when their health starts to decline, and upkeep and maintenance then starts to also be affected due to physical or economic limitations.

Live there long enough, you see the practice in real estate flipping is contrived since there are more realtors and brokers, and lawyers in Arizona combined than the rest of the population, and is an "industry" in and of itself, recycled now ever 15-20 years on those 30 and 40 year notes. And no wonder such a high crime and transient state, with also the border issue factored in and the high costs of insurance as a result of that also negligence on the part of the federal and state government.

Without, of course disclosure to all those Midwestern and Easterners that are lured through the advertising done there as a place for "retirement." What should be stated is that now it is clear that the intent is merely for those seniors to be retired of their wealth and eventually their retirement home, is more like it.

This time, however, even many long term Arizonans have been affected due to their equity investments and lower wages paid than those in other states historically.

So watch out, because as you age or have any unexpected expenses such as an illegal immigrant theft or two from those cross borders auto or identity theft rings, YOU might be next, especially when you get elderly, ill or have a lot of equity built up, or Washington, the bankers, lawyers and real estate vipers decide they need another stimulus creating another one of these manipulated housing crisis there for the next generation of victims.

The intent of the financial sector and real estate "industry" leeches is that they want you to never own your home and keep control of it for as longer as possible until they relieve you of it on some trumped up "economic" meltdown, uncredited, nonconsensual property tax hikes using the state created HOAs and their "advisors", the foreclosure industry lawyers and management concerns that profit from property seizures, or some trumped up "use right" violation (even a property enhancing improvement is subject to now state actor "approval" or legal proceedings if "unapproved", to flip it then for their own portfolios or profit.

Obviously, the only motivation for his now involvement is purely a selfish one at the Arizonans expense - he now chooses to get involved about four years after the fact as a prelude to his run for Governorship in 2010.

Crime and criminal property theft is now a "job stimulus" creating "new jobs" for the foreclosure lawyers and real estate industries (members of two the largest lobbying groups in Washington), and political careers of the state and federal legislators most of all.

While the AGs office just got a boost and bonues from some of that stimulus money to upgrade their computers so that all those taxpayer paid lawyers who sat on their hands while that white collar crime was going on can have the latest high tech gadgetry for their video games, added to that now apparently the State of Arizona had the audacity to plead bankruptcy after not only receiving all those stimulus monies at even the foreclosed on homeowners expense, but has been collecting all those overpaid property taxes for at least 15 years while not having to provide many of those public services that have been unlawfully transferred to homeowners living in those HOAs.

Not to mention also collecting added bonuses in sales tax revenue due to the also unlawful privatization of the utility companies there which occurred after Palo Verde was built and paid for by the Arizona ratepayers (as, of course, a state governmental function and Arizona taxpayer "publicly" owned utility). Of course, that "privatization" was also facilitated by Washington, who now inflicts their own added taxation through the Nuclear Regulatory Agency fines and penalties that are also passed now down to the rate payers in "emergency rate increases," such as the last one in order to bulk up the Wall Street investors portfolios at the Arizona citizen's expense yet again.

I wonder how many foreign investors are in on that public/private partnership at this point? Selling off and parceling out share of one of our nuclear facilities to foreign interests definitely is not outside Washington and the bankers greed, that's evident.

The excess revenue the state receives at this point is in the hundreds of billions, but appears until all the citizens are actually homeless or bankrupt, it is never enough.

But Goddard's actions at this point in again as with the border issue also by state government officials, is being used for political reasons only and appearing to be doing something but doing really again nothing at all to either perform the jobs in which they have been entrusted, or protect the Arizona residents from criminal activity and abuse such as the open borders and this real estate fraud of which literally thousands of Arizonans at this point have been brutally victimized both personally, and economically.

And this is what is coming out of our law schools and those five figures for higher education?

What a waste of Americans money to send them for post graduate or higher education at all these days, it appears for all the understanding that most now coming out of the "liberal" academic community have about American history, and our intended form of Constitutional government.

P.S. And I also noted that new Governor Jan Brewer (Napolitano's replacement, also negligently responsible for much of what has occurred during her six years of "nonaction" on behalf of Arizonans) also simply has a "beware" message on her website for some of these counselors that were the new "jobs" created by this manipulated crisis apparently Congress and Obama were speaking of.

We are now ripping off people of their homes and property in order to provide "new jobs" and a "stimulus" for the foreclosure industry also at the federal and state level. And now debating the second largest tax in history on top of it after that Cap & Trade scam, the federal Health Care Actuary Tax.

The founders I'm sure are just so very proud of how our leaders have honored their sacrifice so many years ago - and Arizona's too. I'm sure Barry Goldwater and Carl Hayden are spinning in their graves about now. While both had skeletons in their closet as almost any politician today does, what is now occurring "progressively" would outrage and sicken them.

And you might want to inform Ms. Brewer since she does also seem a bit clueless.

She indicated in her article that mortgage companies don't charge fees for information on your mortgage. She is clearly not familiar at how usurous some of those loans actually were, after they were resold (since my original mortage back in 1994 was with a small mortgage company that was then bought out by Countrywide, prior to my having to refinance after the insurer (a globally now based one) increased my home insurance to three times its original amount due to the boom and then also the outrageous fees charged by their vendor for their services after one claim filed in 20 years due to a kitchen fire which, due to the quality of construction, was much more damaging than it should have been, and the horrendous increase in property taxes which also occurred.

Not to mention that fraudulent then action I subsequently was involved with in a small claims action (which was moved out of my own judicial district even) in which two lawyers involved and provided by the insurers on a 12 year overcollection in HOA assessments then went so far as to manufacture evidence in order to "win" his case and a $14,000 legal fee award for a small claims matter they kept going for their profit for over a year and a half. And unbeknownst to me I was paying for my own abuse through those unlawful HOA added property tax assessments for a private insurance policy also that afforded this dual defense on a small claims action with result was nothing more than state facilitated tyranny and added property theft.

The only refinance I could then secure at the time due to the amount of the claim itself was wiith that other unregulated California lender Indy Mac (whose home offices actually were in Michigan, with them also another state with high foreclosures - gee, I wonder why?).

When I had to go through the refinancing, the original lender, Countrywide, then attempted to charge me $35.00 just for the payoff figure for the loan, which "junk fee" wasn't in my original loan and actually seemed odd since this wasn't my first home and does appear that these deemed contracts are being unilaterally revised even after purchase as the new "industry standard," without at least one of the party's express consent in the process.

Since, of course, Congress afforded also these loan shark banks which primarily wrote most of those loans with Fannie Mae and Freddie Mac to not only rebundle and resell them to foreign investors, but also to actually sell the loans to other mortgage companies and "revise" them during the life of the loan with simply a "disclosure" as the only citizen protection for then those nonconsensual added "clauses" and "riders."

Mere "disclosure" that the terms can be unilaterally change by simply one of the parties to the original financial transaction?

Buying a home today is nothing more than a liability and I'm sure most parents are telling their kids now that the American dream is nothing more than the American nightmare - in both costs of ownership, and risk.

So the Governor also, Ms. Brewer, appears to be giving out somewhat false information also with respect to these loans, whether intentially or simply misinformed.

But maybe if she took the time to actually read hers, or speak with some of the victims rather than posting inadequate and inaccurate notices on her website, she might even be able to also start doing her job and earning her high paid salary.

Many of the loans which are sold were also unlawfully based on not the U.S. prime, but London banking market rates.

So when will our national anthem officially change from the Star Spangled Banner to God Save The Bankers?

Obama's Foreclosure Rescue Plan Merely Sophisticated Global Pyramid Scheme?

In light of all the news recently carried in the mainstream media reports of all the homeowners that are now being stalled, waylaid and denied sums under Obama's much ballyhooed "foreclosure rescue" and with all the monies thrown at these banking institutions and "new jobs" for those greedy realtors and ex-mortgage banking officials now restructuring or counseling some of those victims, it appears to be time to take a step back and probe a little deeper into the hows and whys of this situation.

Is there another agenda here that is the true goal in these continuing outrageously escalating actions coming off the Hill?

While many of these homeowners are awaiting word and the processing of their applications, the banks are continuing to collect those outrageous sums that were in some of those loans marketed which were at sub-prime and interest only flex rates and that are the subject of the bulk of the type of offered in the last ten years primarily, and under terms most of those homes have been or are in foreclosure.

Tacked onto most of those loans were significant late fees for late payment, processing fees, reappraisals, junk fees which are once again now being collected against those homeowners in these restructurings while they are "pending.".

Of course,literally hundreds of thousands have and had already lost theirs when this downturn and tsunami began back in 2006 for real.

Another 300,000 in July according to RealtyTrac also saw their homes go on the auction block, and Bank of America, based out of California (one of those who received a massive amount of those bailout sums) reported it has only renegotiated 4% of its existing loans that were "at risk."

The head of Countrywide Loans, also based out of California and "assumed" by Bank of America under the terms of bailout (with Bank of America then being "assumed" by Merrill Lynch, a Wall Street investment house), was placed in charge of renegotiating those loans, and would assume that he is the official reporting on the Bank of America stats.

Interestingly though, Merrill Lynch's name has been kept for the most part out of this process.

Most of those subprime offerings were rebundled and resold over the stock exchange, many to foreign investors. Washington, of course, afforded Wall Street to "globalize" the U.S. economy with that of other nations progressively, so much so that now when an earthquake strikes in the Far East, the economic impact is felt now in Middle America.

Compromising in so doing the U.S. economy and American citizens economies also progressively in the process.

All of these "economic forecasts" with respect to the economy that the Fed releases, and those economists on Wall Street on the mainstream media networks that have been reporting recently that economic indicators are looking more "hopeful" are evaluating those economic indicators with respect to the global economy and not the U.S. economy at all.

So when they predict that this economy will "rebound," they are speaking of the world's economy - not the United States or average Americans.

In fact, it is the average Americans now in the loss of their homes and jobs that are being asked to sacrifice now in the name of "global socialism" of this economy for the Wall Street bankers most of all and global stock exchange, not simply Wall Street and the NYSE.

And, of course, also by our own Federal Reserve which is owned by several prominent European banking houses since these debts are being added and "billed" to the U.S. and America in order to "stablize" the global economy. Americans now eating the debt for foreign investment bankers across the globe.

At this point a fundamental question thus must be asked: Could this be simply a rather sophisticated Federal Reserve/Washington pyramid scheme along the lines of Bernie Madoff?

These renegotiated loans and loan terms which even are being executed from all reports are similar to the old ones. Not fixed, low interest loans. But flex adjustable or "interest only" ones, along the same lines as the old ones. Some still are being based on the European markets LIBR rates and not that much ballyhooed "zero interest" Federal Reserve "prime" rate at all you keep hearing about in order to pump up the Fed's image with Americans.

It is also clear another fundamental question needs to be asked in light of all these reports now on the "stalls" after pouring literally billions into those Fed branch banks in order to assist American homeowners "at risk."

Are those banks really actively attempting to save these American homeowners from losing those properties, or merely acting as "agents" for Wall Street and Washington in renegotiating or "buying down" some of the foreign investors who bought some of those securities, while continuing to collect those outrageous sums and fees from American homeowners while, for all intents and purposes, those banks ultimate aims are to simply score a piece of real estate for the bank then future profit and gains in the turnover or flipping of them?

And in satisfying some of those foreign investors who invested in these rebundled "risky" investments in the first place, are these banks under that bailout bill which was sped through Congress so quickly last September offering "shares" of these American banking interests in satisfaction for their investment, thus the aim truly is further amalgamating our economy with that of the world in shares of now even U.S. banks owned by foreign interests with Washington's complicit and express consent outside Constitutional authority and thus treason of it?

It is clear that the founders in fighting a war to break free from foreign dominion and control in that War of '76 established a "union" of soveign states and our economy was never intended to be merged with the global one to begin with in any manner whatsoever as a sovereign nation established for just such purpose -sovereignty over foreign dominion and control

In effect it appears clearly that Washington is using those banks which they continue to claim are "private" banks although publicly owned and branches of our governmentally created Federal Reserve in order to secure America's position in Earth, Inc. and also in what appears to be the ultimate aim of a totally merged global economy and in effect then world government in the process?

What is also interesting now to take note of also due to news coming off the Hill is where 77% of those foreclosure actions are located, and which banks were involved in marketing in those states. The top five states on the list just so happen to also be border or Sunbelt states whose primary industries are tourism, both domestic and global.

All have also had significant increases in local taxes and insurance rates which have skyrocketed due to the massive costs of the illegal immigrants who also live within those states and for which those states citizens have been subsidizing since the last Reagan amnesty in the 1980's.

Due to the focus on tourism as a state industry, that industry is one of the primary employers of those illegal immigrants for those resorts, restaurants, casinos and developers who prefer hiring this cheap labor in order to skirt around the added costs that are involved in hiring Americans due to withholding taxes which are mandated to be withheld for Social Security, unemploment compensation and the like.
And a host of other regulatory provisions on the workplace and license standards that are required for those in the construction industry, another major industry which hires and prefers this cheaper labor.

Is it the intention of Washington to then, after force feeding another illegal immigrant amnesty as appears is now also another of Obama's plans even after the American people had spoken loud and clear in 2006 under the Bush Administration with respect to this issue, in manipulating this crisis and forcing prices of homes in those states down now for over three years the purpose to then have available a great deal of housing in order to resell by those banks or "flip" at such time and after those banks raped lawful Americans during this "foreclosure rescue scam" for those over 12 million illegal immigrants?

Foisting then off those foreclosured upon properties and subsidized with also taxpayer monies involved (including the tax monies of those foreclosed upon owners) in those still ursurous loans that will then be sold to many non-English speaking newcomers with the legalese and fine print involved that many Ameicans were duped into signing by those banks and realtors for their profits most of all, in order to then set up these "new" Americans for the next wave manipulated by the Fed and Wall Street?

Many of those loan terms are being extended to 40 YEARS for those mostly poorly constructed stucco and chicken wire homes so that in another 10-15 years this cycle will be repeated, as this cycle is no mimmicking that of the 70's recession (although far worse) in their market and currency manipulations for the "global" marketplace playing roulette with people lives and homes in the process for their own amusement and gain?

Bankers make profit when homes turn over, not when citizens actually pay them off. And the greater the turnover rate, the greater the profit.

The Bosnian refugees were given automobiles by the Clinton administration for those mostly scientists who were the bulk of those immigrants taken in at that tiime. Many American children can report on the brand new cars their fellow Bosnian students were driving courtesy of the American taxpayers and Uncle Sam.

It was also reported that over 20,000 deemed "vulnerable" Iraqis have also been taken in during this war. Many of them middle class. And due to the border "drug war" (in name only since our southern borders still remain unsecured eight years after 9/11), many middle class Mexicans have bought a great many of the houses in the San Diego area recently that were part of the original wave three years ago.

Nevada (a high tourism and casino state, and thus a high illegal immigrant employment state) had the highest foreclosures last month and topped the list.

Is this how truly low those in Washington have sunk in order to desecrate the very government the founders fought and died for merely 200 years ago, while waving the flag and claiming how much they "love" America?

Which America are they speaking of - the America of Ben Franklin, Thomas Jefferson, James Madison and John Adams?

Or this new one under a world government more similar to that of Hitler, Stalin and Lenin?

With the people merely the worker bees for the "greater good" of world socialism, and their homes and properties theirs for the taking?

National Association of Realtors: More Spins on The Housing Crisis

During the last week there has been a great deal of reporting on internet sources that the mortgage crisis and home foreclosure situation is looking up, and that there has been an increase in sales for the third straight month of homes sold throughout the nation.

And just where are those figures coming from?

No surprise, the National Association of Realtors who just might have an ulterior motive in spinning or inflating the numbers due to the market conditions at the present time, and number of jobless and homeless now which has swept the nation since the manipulated "mortgage" crisis and bank bailouts which just so happened to occur during the last presidential election cycle.

In fact, the June 19-21 headline of USA Today also said it all: "Foreclosures Heading Through The Roof."

More Americans are lining up at the soup kitchen, than at the realtors offices, since the homeless now and jobless stats are really off the charts and not this high since the last great depression, also manipulated by the European owned Federal Reserve, branch bankers and Washington.

As far as my personal knowledge and reports from my former home state of Arizona, one of the states hardest hit due to the boom and bust cycle and the many retirees on fixed incomes that also were hard pressed to come up with increasing property taxes and insurance which contributed to some of what is occurring also left out by the media, and those predatory "interest only" and other "creative" loans sold mostly by regional and national California domiciled banks.

Although the State of California doesn't share the entire blame for the now mostly Western and Southwestern home situation, since most of those loans were also underwritten with extra "propert stripping riders and provisos over and above the actual loan documents themselves by the governmentally created Freddie Mac and Fannie Mae. How Freddie Mac and Fannie Mae could have been "bankrupt" at all due to some of those usurous loans and terms really is quite inconceivable as one who was forced into such a refinance position and had to refinance a home in 2004 can attest.

It would appear this claimed increase in sales and "recovery" appears to be wishful thinking.

In Arizona, California, Michigan, Nevada and Florida due to also progressive overbuilding in those states for literally decades, and now thousands unable to qualify for fixed rate low interest loans with black marks on their credit records at this point, it will take literally decades - if ever - for the housing market to stabilize, from this 45 year Arizona resident.

In those western border states now in particular, due to the open borders situation and escalating drug war violence which I'm sure that also has affected the marketability of those houses significantly, since who wants to live in a state in which there is a foreign invasion and civil wars now going on due to federal negligence in "providing for the common defense," its actual primary function. Instead of now attempting to "reform" the health care industry according to a "business" model ala Soylent Green and Adolph Hitler on cost/benefit actuary "business" modes and standards.

Plus the fact that few now in this country trust the banking industry now in general. Nor are willing to go into those sliding scale and interest only loans that they are still marketing, some of which are not even based on the U.S. prime interest rate, but the European market.

Nothing essentially has changed which lead to this catastrophe to begin with. And most in the World War II, boomer generation or younger have moral difficulties paying "usurous" sums in order to purchase a home, a home which is now in many areas of the country due to the loan terms and assundry restrictive "use" restrictions and additional costs and provisions, and associated junk fees and charges tacked on for those purchases, nothing more than a foreclosure contract to begin with.

So...nice try, realtors. Since a great many of you also pushed and marketed to many of those retirees and others more home than they really could afford in order to get higher commissions also in the process, the trust in your "industry" also now is about zilch.

Especially those of us who lost ours, and who have made sure we speak the truth, rather than the spins, on just what lead to this, and the commercial and banking interests that were truly responsible - of course, along with the criminal element now residing on Capitol Hill and in our state legislatures who have been in collusion with the corporate interests and their primary "special interest" campaign backers for literally decades.

And the National Association of Realtors is high up on that list also.

Along, of course, with the bankers and their minions - the foreclosure lawyers and scam artists and their breathren in federal and state government.