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From: John Scott [mailto:] Sent: Friday, January 15, 2010 1:08 PM To: My Friends Subject: Big Banks Doing "God's Work" "The establishment of institutions for the democratic control of the rulers is the only guarantee for the elimination of exploitation." Sir Karl Popper The CNBC article (via Yahoo! Finance), "Big <http://finance.yahoo.com/news/Big-Banks-Accused-of-Short-cnbc-281601046.htm l?x=0&sec=topStories&pos=3&asset=&ccode=> Banks Accused of Short Sale Fraud," describes how big banks (the ones doing God's work) may be violating man's laws. Excerpts from article: No.1: Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks. No. 2: "They are pretty clear and pretty upfront about the fact that if the first lender knows they are getting paid, the first lender will kill the short sale," says [Jeremy] Brandt [Chief Executive Officer of 1800CashOffer, HomeFlux.com, and FastHomeOffer.com]. "So these second lenders are asking for the payments off the closing documents, off the HUD <http://portal.hud.gov/portal/page/portal/HUD> statement, usually in a cashiers check prior to closing. Once they receive that payment, they will allow the short sale to go through, which according to RESPA laws <http://www.hud.gov/offices/hsg/ramh/res/respa_hm.cfm> and the lawyers that we have spoken to on the topic is not legal." No. 3: Brandt told me he's heard from at least 200 agents that they've had these requests made by representatives of Citi Mortgage (NYSE: c), JP Morgan Chase (NYSE: jpm), Bank of America (NYSE: bac) and other large banks. Source: Yahoo! <http://finance.yahoo.com/news/Big-Banks-Accused-of-Short-cnbc-281601046.htm l?x=0&sec=topStories&pos=3&asset=&ccode=> Finance Perhaps the Financial Crisis Inquiry Commission <http://www.fcic.gov/> , chaired by Phil Angelides, should look into this claim that the big banks are committing a new fraud in the housing/mortgage industry. -- John Scott, Veteran *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check for daily real news posts and support the truth! (sorry but don't have time to email all posts) at <http://tinyurl.com/33c9yr> http://tinyurl.com/33c9yr or <http://groups.google.com/group/total_truth_sciences/topics?gvc=2> http://groups.google.com/group/total_truth_sciences/topics?gvc=2 ; You can also subscribe to the multiple daily emails by sending an email to <mailto:[email protected]> [email protected] ; free book download: <http://www.lulu.com/content/165077> http://www.lulu.com/content/165077 *** Revealing the hidden Truth For Educational & Further Research Purposes only. *** NOTICE: Due to Presidential Executive Orders, the National Security Agency (NSA) may have read emails without warning, warrant, or notice. They may do this without any judicial or legislative oversight. You have no recourse, nor protection.......... IF anyone other than the addressee of this e-mail is reading it, you are in violation of the 1st & 4th Amendments to the Constitution of the United States. Patriot Act 5 & H.R. 1955 Disclaimer Notice: This post & all my past & future posts represent parody & satire & are all intended for entertainment and amusement only. To be removed from the weekly list, please reply with the subject line "REMOVE"
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