To Tell the Truth . . . Will the REAL Holder in Due Course PLEASE STAND UP!?!

Sounds like the sh*t is deep and getting deeper. I agree, you have been doing a fantastic job of bringing us the real and ugly truth on the Banksters.

Carla you are the VOICE for many.  Please keep up the good work.

Carla - Another spot on post.  The word that popped out at me in the video was "restructure"  ... and if we have to do that with the current crop of clowns ... well, let's just say, perhaps we should start in the beginning and rethink our entire basis of taxation ...  as long as our tax system gives people and corporations "advantages" .. someone will find a way to take advantage of it!

Carla,

I don't agree with what the banks have done or are doing, but what are you advocating here? 

Should people who don't pay simply have the debt erased and be handed clear title to their home?  Should the government step in and bail out those same homeowners? 

What would you do to fix it?

Tom

Carla, I think this is just the beginning.  Banks as the tax man is another way of stripping the American people of their hard-earned money.

Good contribution, Andrew.

I like the suggestion of a battle-hardened veteran agent in my office: If you're ever in a situation where you don't know who to send your mortgage payment to, or who really holds the note, start making your payment into a separate personal account. Then you can demonstrate to the court that your intent has always been to repay your debt obligations. Stand on the moral high-ground.

For our housing woes, I blame in large part a Federal Reserve system that makes overabundant credit and easy-money available to the government and Wall Street to inflate and prop up asset bubbles. This distortion of free market signals encourages the malinvestment in unstable sectors of the economy. In the end, it benefits a few corporate interests and banksters while harming millions of individuals. Audit and End the FED, I say.

Carla, please help this "simpleton" real estate agent understand how a real estate housing market becomes "honest."

Carla another great post.  We were forced to bail out the banks and now it is time for the banks to be forced to bail us out.  Yes, the banks should be forced to lower interest rates to EVERYONE and write down negative equity positions to even.  They should be forced to help people stay in their homes by offering affordable payments to all.  

Carla- Thanks for the thought provoking video. I'm really going to have to stop reading your posts before bed. I never sleep after reading them. The inevitable, as Mr Whalen says in the video, is that banks will be forced to do principal reductions. Of course this will be after exhausting every resource and dollar we have to try and make the current system work.

After watching this, anyone who thinks that we are not headed into a depression is just plain nuts.  I believe that there is a new program in California that addresses the principal reduction issue.  It's supposed to go live on November 1st.  I need to read up on it.  Thanks for sharing this

Carla takes aim and then hits what she aimed at......she can wound or do a kill-shot. Good post....We are in trouble and waiting for trouble to get stronger is stupidity.....

Carla, another great post! All of this can be (and is) incredibly complicated and can overwhelm many people.  It overwhelms me when I try to keep it all straight and try to imagine how far and deep this fraud goes, but this is FRAUD committed on an unsuspecting and trusting populace by the major banks, wall street and the federal Government all in the name of GREED.

Everytime I read something or watch something related to all this, there seems to be yet another layer of the onion peeled back.  Fraud, mortgage backed securities that weren't documented properly therefore creating mortgages that may be unsecured debt, that same flawed paperwork creating massive breaks in "chain of title", and on to who knows what at this point.

This has not just been an assault on the American financial system, this has flushed hundres of year of property rights.  Be angry America, be VERY ANGRY!

Carla,

What truth?  What is the truth and where to we go from here? I asked a simple question.  What are you advocating?  How would you solve this?  I would think there would be simple answers.  Or is this just another shot at the "banksters?"

Tom

Well, we can only wait and see what come next as this issue continues to unfold.

As long as vast sums of money from bank and wall street lobbyists continue to influence politicians, nothing will change.

The lobbyists are already retooling to feed the new, not as yet elected, members of Congress.

I repeat, nothing will change.