Mortgages for the subprime and non subprime groups are full of fraud.

There are very few EU and US states to my knowledge, that did not partake in their finance market's and licencing and credit rating authorities' frauds. The mortgages amongst other instruments in the US, UK and Europe are saturated in illegal transactions. They are all involved in their national finance system's fraud, with very few exceptions in the Western democratic states.

From manipulated and overly stimulated real estate asset values. Promoted by the markets' and the banks' easy cash, driving market demand to the Prime market, whilst not for the Sub prime mortgages, which corrected to extraordinary rates soon after their honeymoon period. Many of which were illegal and speculative, coming from bankers and brokerages directed through banks and shadow banking services. These brokers were licenced by the state and presumably monitored too, to ensure no illegal behavior took place. In reality this was not the case, see no evil, hear no evil, speak no evil was the order of the day, whilst offering mortgages to these dreamers from the lower rated levels of the borrowing groups, as the systen defined them. The OCC were heavily involved in holding back regulation to stop this practice,  as was the US goverment. Read the Eliot Spitzer story for the background.
Watch this video before reading on.

DYLAN RATIGAN: FORECLOSURE FRAUD & $45 TRILLION DOLLARS



The banks have committed mortgage and foreclosure fraud (nov) 2010
2nd Look News


William K. Black on Financial Crime Cartel | April 20, 2011



The Mortgage scam in the Sub-Prime Market

The story I've yet to hear, in any investigative and explanatory way, is the sub-prime mortgage market and how the plot was set up, the repeal of the Glass Seagall Act would prove to be a foundation stone. William Black's clear understanding of the institutional and government fraud does not get into the Sub Prime problem specifically. Whilst I know from previous interviews that he understands the points, I wish to illuminate the issues. I will explain as succinctly as possible the sub-prime issues alone.

The banks and shadow banking world sent out brokers (newly licensed, by the FSA and FDIC authorities amongst other states' authorities), with no interest in anything but their fees. They sold really poor products to medium and low income families, with short term low interest rates or teaser rates as they were known. These teaser rates quickly changed to interest rates 100% plus higher than market interest rates at that time. From very aggressive and fraudulently acting lenders, who, at the first sign of late payment, would consume the payments as costs and increase their interest rates well above LIBOR. During this time the licensing authority would turn a blind eye, or be paid off by the industry. This guaranteed in many cases that the borrower would slip into default -and then the borrowing costs would increase yet again, finally culminating in the property being taken and sold back into the market at a loss to the securitised borrowers' and real lenders' (the investment markets'). Leaving the bankers' and Brokers' reaping their profit in fees, whilst the investors and banks passed their looses back to companies like AIG, Fanny Mae and Freddie Mac et.al style insurers. The loses would then be backed financially by their governments' tax payers, the people, which is where we are today.

This is a very simplified summary of the sub-prime issues and it was not limited to the sub-prime market. Because the AAA borrowers invested their profits back into the system too, through house portfolios and investment instruments, newly designed by the finance and banking markets. What was guaranteed, was, the Brokers and Banker fees, not to mention the high interest rates, which were very interesting too the investors, when looked at in tranche value terms on the securitised investment market. Everyone, but, the true lender, (who would became, the last one holding the security when the music stopped) -and the borrower, both lost, whilst the others took all the profits and little or no risks.

The trap had been set to confirm yet again, that people from sub-prime defined markets were not as valuable as AAA borrowers -and so, could be driven over the cliff for short term profit by bankers and brokers. Well now, due to the crises, we see the disappearance of many parts of the borrowing market as well as the lending market loosing their AAA ratings. And where the system of finance thought it would feed off the sub-prime market, for quick and short term profits, it soon found that liar loan products for the AAA and lower rated groups brought new fees too. The decease has now become a pandemic. The system is the disease -and it was organ driven, by that I mean the system was the major organs -and now the body is fully infected and quite possiblely, terminally ill, in systemic terms.

A warning to the newly formed and re calibrated AAA world.

For those who believe what they are told by the media and their governments today, they are no better off than the person making sand castles on the beach because the water has suddenly gone out, leaving them with what looks like a new or secured area to play. When this water finally returns, there will be sand in the Capitals' of many Western Democratic states in the west. We may also see some eastern states within the group if they allow western style central banking and bankers to continue bedding themselves into their finance system. As well as the Asset and Fund Managers who are in-bedding themselves too. Not to mention their financial markets which appear to have fully linked in recent times. This crisis has an enormous amount of energy left to expel -and it will over this decade ahead.

The Future for Governments and Central Banks

We now see governments like the US and UK espousing Global G20 responsibilities to come together and form an uniformed Global Approach to the crisis. Well, will it work? No, is the simple answer. They still don't get it, by that I mean the governments.

The nearest this group have come to sharing a single philosophy, was, in their Central Bank's attempts to share a single International Market Development Monetary Policy, and look where that has got the world. The UK and the US believe they have the golden sword, which will cut through this crisis. But, will the G20 pull their swords and join the crusade.

If they do, will the actions we've seen to date, which have not resolved the underlying issues in the system continue. We continue to see the adoption of the system's collapse, moving from those responsible, to the people. The nature of the system is now developing into a, 'we must be helped or you government's are to blame' for our collapse. We, as individuals, must continue to prepare for the changes that are coming and deleverage ourselves from the our dangerous debts, were possible, which will drowned some of us. Here are the IF statements, you need to consider. IF Interest Rates went up to 12 -15% over the next 2-3 years, could you survive? IF Inflation went up even hirer than that figure in the same period, do you have enough disposable income to cover that lost value, in real income terms. IF you lost 30% of your annual income, due to unemployment in the household, would your present expenditure go into free-fall?

Think about these questions and consider alternative ways of surviving. Because, whilst the first two are not with UK or the US, or in Europe and China, as well as other economies, the last one has already hit millions of homes and will hit millions more over the coming years.

As the Fiat Currency hits the streets over the next year or so and continuing government intervention takes place, the other two IF's will follow, it’s as obvious as night following day and vice versa.

I have another point or suspicion, based on the present climate and the developing situation, that is, that, we are moving toward the next stage of the crisis, but, not before a contradictory period. This Fiat Currency and Government intervention are, and should be, expressing themselves. Whilst the people are unconfident, and Central, Commercial and Local Banks, are going under transfusions we will only see miner improvements. But, these causations will pick up in momentum as false confidence returns. As this happens, the expansion of the other two IF's will be brought about, following the next stage of the collapse; when people start to believe things are beginning to improve.

There are still more convulsions ahead, which are further warnings of the depth of the systemic crisis. I believe a major Banking Group will fall. Unless of course, the Bank's Government may continue to through their people's future at the issue. I believe this collapse will take out hundreds of Associative banks and in one of the G20 economies most likely one of the top 5. This will push us into the next stage of the systemic crisis. So, look out in September, October of 2009, history has a great way of repeating itself.

Federal Reserve causing Wall Street Crash to steal our wealth

The reason why there are no answers today the 6th October 2008, as to the question, has the bail out begun in depository terms? Has the money begun to enter the system and if not when? The straight answer is no to both questions! And why? The Federal Reserves' printer haven't printed it yet and so it doesn't exist. Which when it reaches the ordinary people it will be, as an inflationary object, as it further dilutes the existing monetary value of the Dollar.

When are those in power going to stop fanning the fire with the fuel of valueless paper. Under the Fractional System this paper has the right to multiply a credit debt of nine times the deposit and in reality, ninety nines times, over time, in the electronic borrowing system which still exists. Also, as its finishes its rotation around the system it comes out the other end as inflation. Is there a strong a group of Platonic Philosopher Kings out there, capable of doing what is right and stop fanning the fire.




Greenspan: Why do we need a Central Bank?

The Banking Crisis. The system explained

The videos listed are an attempt to put some useful information around what has developed into a multi continental shift in the Banking and International Finance and Stock Markets. I will attempt to bring together more information about the situation and the player's involved, directly and indirectly. These videos will support the background knowledge needed to look more closely at the present position and future options.

As the time moves closer to the Vote and Congress feel their responsibility of making the choice between supporting the Executive and the Banking and Stock Market’s world, what are the influencing pressures will be their present thoughts? On the one hand the Establishment on the other the Voters or Tax Payers. The timing of the Banking collapse could not have a more threatening influence than it has at present. The Election and the political arena’s elections are producing a situation unique to the influencing power that exists. What will be the outcome?

Congress will have to choose between the wrath of the establishment: the Executive and the Bilderbergs, the Tri Lateral Commission, Council of foreign Relations and Federal Reserve Et.al. As well as the opposite power of the system, The Demokratia (Rule by the people) - Democracy. The situation will bring about a storm of Tsunami proportions which ever way it goes.

Now, is not the time to be in Politics at an elected level. If the question was ask, which way will it go? The outcome will expose the true power in Democracy in the 21st Century. I don’t wish to make a personal prediction, as my personal view is irrelevant and in an attempt to be as pragmatic as possible, in an impossible ideal, I will refrain from publishing my opinion directly.

The outcome will obviously leave victims, which ever way it goes and the cost as we all know, will be enormous. It’s a matter of perspective, as to where you wish to concentrate your eye –either, on the short or long term good, it’s your choice!

There have been times, when in the past my perspective or logic has told me, the prognosis is fatal and at others, positive -and at both times I’ve been wrong. Maybe its been my lack of logic and at others, my ignorance on the subject. On this occasion I’m confident of this. We are on the precipice of change, but, this will take on a Tsunami character in its short or long term outcome.

I wish to leave readers with not so much my view, as a forum, from which to get answers to make a valued assumption of their own. I worry for the short term situation the system is experiencing. I leave a single personal belief which is: “He, who does not know the past, can not understand the present, so can not control the future”.


Description of the Banking System

Corrupt Banking System 01/05


Corrupt Banking System 02/05


Corrupt Banking System 03/05

Corrupt Banking System 04/05


Corrupt Banking System 05/05