To recap, MERS's own documents demonstrate beyond question:
The notes were never transferred, as required by Federal and NY state law, to the trustees of the REMICs;
At best, the notes were retained by the mortgage servicers as directed by MERS (many never left the mortgage brokers, many of whom are now bankrupt);
MERS claims to own the notes and therefore the mortgages to speed foreclosure;
Actually, MERS does not hold the notes, which are held by servicers, but MERS instead “deputizes” employees of the servicers so that it can claim notes are transferred “in house” to avoid paying recording fees as well as avoiding maintenance of clear chains of title;
On foreclosure, the documents are “disappeared” because they demonstrate the notes were never endorsed and transferred as required by law, with MERS and the servicers filing “lost note affidavits” to dupe the judges into allowing illegal foreclosures to proceed and to dupe securities holders so that they do not demand restitution;
Servicers ensure homeowners default, as they “lose” mortgage payments, credit them to the wrong accounts, or helpfully recommend to homeowners that they stop making payments–all of this is to speed foreclosure to ensure securities holders do not realize they have been duped as they are paid pennies on the dollar for toxic securities;
This also ensures that the investment banks that originated the toxic securities win their credit default swap bets they placed against the homeowners, with favored hedge fund managers like Paulson also winning CDO bets on failures;
The faster the foreclosures can be processed through manufacture of fraudulent documents by Robo-signers, the lower the chance that MERS and all of its clients will be brought to justice.
Phi Beta Iota: The US Government is perpetuating fraud by refusing to confront the now-documented fraud across all mortgage services. This should be the central issue in public discourse today.
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.
The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available.
Phi Beta Iota: Derivatives are legalized financial crime, and a major reason why these criminal assets inflated in value seventeen times while asset-based values only went up five times during the same period addressed by William Greider in his latest book, Come Home America: The Rise and Fall (and Redeeming Promise) of Our Country. Any government that permits derivatives trading is itself complicit in this crime against humanity.
Harnessing Collective Intelligence to Save Democracy
“The most durable and dangerous ‘special interest’ – the only one that can directly traduce the Constitution – is the political class.” George F. Will
Robert David Steele (Vivas) has produced a significant, but short, political essay for the Huffington Post, titled, “Citizens Fiddle, Obama Dances.” The central argument of the essay is that there is a ‘confrontational convergence’ of major proportions set to occur in the U.S. presidential election year of 2012 between a set of negative and positive forces that Steele has been able to identify and summarize. At stake is nothing less than the constitutional government of the U.S. and the continued prosperity of the U.S. and probably the world.
To put it another way, the current U.S. Political System has two major problems that threaten the Constitutional Foundations on which it is built:
First to a greater extent than anytime in U.S. History, the U.S. Government no longer effectively represents the interests of the majority of its citizens, but is actually controlled by a very wealthy minority (an oligarchy–many would say a kleptocracy).
Michael Lind
Michael Lind in a perceptive article “Nobody Represents the American People,” at Salon, makes this point most clearly. And he correctly, I believe, noted that this control was not the result of a vast conspiracy against popular democracy, but was due to a systemic problem. The way the U.S. Political System is structured and operated, wealthy individuals and institutions have gained inordinate influence over both political parties and the politicians that they sponsor. The people who pay the bills have the ability to direct legislation and guide policy formulation. As the result, politicians of both parties will pay lip service to the popular will during elections, but in the end it is the people who actually pay for their campaigns who own their allegiance. Lind somewhat overstates his case for the decline of mass participation in public affairs, but basically he is correct.
Second political power is addictive and in the absence of real safeguards, the Republican and Democratic Parties have colluded to exclude any other parties from threatening their hold on government.And since they are controlled by the same set of wealthy patrons their policies are essentially identical, a fact concealed by political rhetoric and a highly suspect public media. They form a duopoly that has been able to hold on to power for forty years and to marginalize non-duopoly candidates by manipulating election laws, election districts, political debates and, of course, the print and broadcast media. As a toxic by-product of duopoly control of government, civil liberties as guaranteed by the Constitution have been steadily eroded usually under the guise of public safety. In the elegant prose of Michael Lind, “The disconnect between the actions of the government and public opinion is the central fact of American politics today. It doesn’t seem to matter whether liberal Democrats or conservative Republicans are in power. Only minor, marginal reforms ever take place.”
So what is the solution to these dangerous, I use the word advisedly, problems? Well Steele with the aid of some collaborators has devised what he correctly suggests is the “Magna Carta’ of the 21st Century, the Election Reform Act of 2011. This is a one page document that is presented among other places in his Huffington Post essay Electoral Reform (1 Page, 9 Points). If enacted it would break the power of the duopoly and its wealthy patrons and truly return power to the people. But would it ever be enacted by a congress controlled by a power addicted duopoly which in turn is employed by a wealthy oligarchy? The original Magna Carta of 1214 (CE) was forced down King John’s throat by a consortium of land barons and wealthy merchants who gave him the choice of acceptance or abdication. Does the U.S. citizenry have similar leverage over congress? Certainly not now, but Steele believes that a
Tom Atlee
movement started by thought leader Tom Atlee, with the meme of “Change the Game,” may be able to mobilize enough voters to force congress to pass the act and the executive branch to enforce it.
Atlee heads an Oregon based outfit called the “Co-intelligence Institute”, which to date has not been co-opted the U.S. oligarchy. The Institute in essence is trying to create a collaborative movement among the voters that will be a force for change through the power of the collective intelligence of its participants. Among other things Atlee hopes that as the movement grows, natural leaders will come to fore who will use integrity and decency to turn the movement into a politically powerful force.
If Atlee can reach enough citizens through other means, such as GroupOn (originally a citizen democracy idea by founder Andrew Mason), the National Council on Dialog and Deliberation (NCDD); and what Steele calls the “eight tribes” of intelligence, he–Tom Atlee–may be offering us all a last chance at regaining true political freedom and restoring the Republic.
Robert Steele, a truly important and original thought leader himself, has somehow managed to retain his sanity and integrity in spite of living within spitting distance of the nation’s capital. He now is pleading for monetary and participatory support for Tom Atlee and his institute; I think this plea should be heeded.
Richard Wright
From the Heartland
12 December 2011
Phi Beta Iota: $25 is the norm, send more if you can, this is the one person in the USA who is absolutely without question working on behalf of We the People. Donation Link Here. Below is from the Co-Intelligence Institute donation page.
Why should I donate to the Co-Intelligence Institute rather than some other charity or cause?
We hope that you will donate to the Co-Intelligence Institute if you believe, as we do, that our work offers a very high potential for positive change.
We believe that our current social systems — especially our political and governance systems — are dangerously unresponsive to positive change, and even actively block the very changes we need to survive and thrive in the 21st century.
No matter what other issues concern you (and there are a huge number that concern us), we suggest that the existing system will not handle them well. The Co-Intelligence Institute is currently focusing on changing the political system so that it will handle every other issue wisely — and inspiring a movement of conscious evolutionary agents to catalyze cultural shifts, systemic evolution, and technological development into more co-intelligent forms.
To the extent we succeed at that, we'll get the world we all want, because we'll be able to freely and wisely co-create it, using these more responsive and wise democratic systems. We invite you to consider the logic of this and — if you agree — support our work.
If you believe, as we do, that our work offers a very high potential for positive change, we hope that you will donate to the Co-Intelligence Institute.
What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.
. . . . . . .
The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies – crony capitalism on steroids.
01 Do the American people deserve to know the truth regarding the on-going war in Iraq, Afghanistan, Pakistan, and Yemen?
02 Could a larger questions be how can an Army private gain access to so much secret information?
03 Why is the hostility mostly directed at Assange the publisher and not our government's failure to protect classified information?
04 Are we getting our money's worth from the $80 billion dollars per year we are spending on intelligence gathering?
05 Which has resulted in the greatest number of deaths? Lying us into war, or WikiLeaks revelations or the release of the Pentagon Papers?
06 If Assange can be convicted of a crime for information that he did not steal, what does this say about the future of the First Amendment and the independence of the Internet?
07 Could it be that the real reason for the near universal attacks on Wikileaks is more about secretly maintaining a seriously flawed foreign policy of empire than it is about national security?
08 Is there not a huge difference between releasing secret information to help the enemy in a time of declared war, which is treason, and the releasing of information to expose our government lies that promote secret wars, death, and corruption?
09 Was it not once considered patriotic to stand up to our government when it is wrong?
Information has never been so free. Even in authoritarian countries information networks are helping people discover new facts and making governments more accountable. — US Secretary of State Hillary Clinton, January 21, 2010
It’s too late to stop WikiLeaks from publishing thousands more classified documents, nabbed from the Pentagon’s secret network. But the U.S. military is telling its troops to stop using CDs, DVDs, thumb drives and every other form of removable media — or risk a court martial.
Maj. Gen. Richard Webber, commander of Air Force Network Operations, issued the Dec. 3 “Cyber Control Order” — obtained by Danger Room — which directs airmen to “immediately cease use of removable media on all systems, servers, and stand alone machines residing on SIPRNET,” the Defense Department’s secret network. Similar directives have gone out to the military’s other branches.
Around 60 countries worldwide are viewed as “systemically corrupt,” and with globalization multiplying the avenues by which corrupt practices cross borders and span the globe, experts are debating the nature of corruption and how to stop it.
By Robert Coalson for Radio Free Europe/Radio Liberty (RFE/RL)
ISN ETH Zurich 10 December 2010
EXTRACT: Systemic corruption cuts across key state institutions, runs from the top to the bottom, and is fundamentally political in nature. University of Colorado political scientist Christoph Stefes, who studies corruption in post-Soviet countries, says systemic corruption is qualitatively different from traditional notions of case-by-case malfeasance.
