Monday, January 11, 2016

MORTGAGE FRAUD HAS NOT BEEN ADDRESSED BY ANYONE

“Police business is a hell of a problem. It’s a good deal like politics. It asks for the highest type of men, and there’s nothing in it to attract the highest type of men. So we have to work with what we get...” 
― Raymond ChandlerThe Lady in the Lake





MORTGAGE FRAUD HAS NOT BEEN ADDRESSED BY ANYONE

This article was written by a volunteer for Neil Garfield the author of the Livinglies Blog  
from which we gathered much of our early information.


We respectfully repost it here, as this volunteer has written with excellent insight and 
information.


"Danny Hammond approves this Article"

Reblogged from Livinglies


The Stock market is falling and our governnent and the Wallstreet Spinmen are lying about 
lowering foreclosure numbers and the blooming of a “housing recovery” and other bullshit 
forecast data predicting the "Light at the End of the Tunnel".

This has assured that moral hazard would become moral morass. So how did we get to this point?
 
Simple --- we abandoned the rule of law, removed common sense and ushered in an era of 
unaccountability. Combine that with several presidential administrations who had no clue 
about anything happening on Wall Street and that assured that moral hazard would become moral morass.

So before you read the rest of this article below consider this:

"Foreclosures are now more successfully hidden from view because the banks have better 
control over the flow in various parts of the country. This gives the appearance of declining 
foreclosures, except for the 6 million more homes that are going to be foreclosed. Like the 
fake documents they are using in court, the banks have turned the whole perception of 
foreclosure into a game (fun for them) of "Wack-a-Mole".

Price earnings ratios are at record highs --- taking on average some 27 years to make the cost of the stock into earnings. That is insane." 

The normal P/E ratio has always been half of that.