This Little Light Of Mine

Saturday, December 22, 2012

Rx Drugs Responsible For World Wide Violence?

Think world governments aren't trying to control their populations? Then maybe you should read the stories on the following URLs and wonder why our governments not only approve these Rx Antidepressant drugs, but often promote them as well!!!

User Friendly: This massive index of over 4,800 cases [which contains over 100 categories] is now capable of showing singly the 13 most important categories by clicking on the following links:

Friday, December 21, 2012

COLORADO MASSACRE LINKED TO HISTORIC BANK FRAUD




July 25, 2012

A highly disturbing Ministry of Finance report on the largest bank fraud in history that is circulating in the Kremlin today warns that it is “within the realm of possibility” that the shocking movie massacre in Colorado this past week is but another“integral part” in the deliberate plan put in place by Western banking elites and their allies to collapse the global economy.
The massacre cited in this report is being referred to as the “2012 Aurora Shooting wherein suspect James Holmes is purported to have opened fire during the playing of a movie killing 12 and injuring 58 in one of the worst mass shootings in recent US history.
Interestingly, this report notes, James Holmes is extremely intelligent, a gifted scientist and grew up in an affluent neighborhood; an eerie similarity he shares with other noted American killers of the past 3 decades including Andrew Cunanan, John Gardner, John Hinckley, Timothy McVeigh, Ted Kaczynski, Eric Harris and Dylan Klebold.
Most important to note about James Holmes, however, this report says, is that his father, Robert Holmes, was said to have been scheduled to testify within the next few weeks before a US Senate panel on the largest bank fraud scandal in world history that is currently unfolding and threatens to destabilize and destroy the Western banking system.
Robert Holmes, whose “blueblood” family links go back to the Mayflower, is known throughout the global banking community as being the creator of one of the most sophisticated computer algorithms ever developed and is credited with developing predictive models for financial services; credit and fraud risk models, first and third party application fraud models and internet/online banking fraud models.
Educated at the University of California, Berkeley and Stanford University, Robert Holmes is currently the senior lead scientist with the American credit score company FICO, which was formally known as Fair, Isaac and Company, and which every American citizen is beholden to should they need to borrow money.
The massive banking crime being investigated by the US Senate is called the LIBOR Scandal where UK banks fixed theLondon Interbank Borrowing Rate with the complicity of the Bank of England, the US Federal Reserve (which knew about this crime for 4 years and didn’t report it) and many other major Western banks.
Not known to the majority of those affected by this LIBOR rate scandal (which is everyone in the world) is that its historically low setting of interests rates since the beginning of the Global Financial Crisis of 2007-2012 has done more to destroy the life savings, stock investments and retirements of Americas middle class than any other single event in their entire history.
Even worse, according to this report, Holmes recently completed his work on what is called one of the most sophisticated computer algorithms ever developed that not only uncovered the true intent of this massive fraud, but is, also, able to trace the Trillions of Dollars “lost” to the exact bank accounts of the elite classes who have stolen it.
Ministry intelligence officials note in this report that it is “no coincidence” that this Colorado massacre occurred within minutes of London’s Guardian News Service releasing their shocking report this past Saturday (21 July) titled “Wealth Doesn't trickle Down – It Just Floods Offshore, Research Reveals” as Robert Holmes algorithms were said used to discover this massive fraud scheme.
Equally curious to note about this massacre is that the American intelligence website TheIntelHub.Com in their 23 July article titled “Hallmarks of a False Flag: Colorado University Held Identical Drill on Same Day as Aurora Theater Mass Shooting, Mind Control, and Multiple Suspects” states that just mere hours before this shocking crime was committed the Rocky VistaUniversity College of Osteopathic Medicine was holding an identical drill that simulated a shooter in a movie theater.
The popular InfoWars.Com website further notes that “false flag” events such as the Colorado massacre are actively planned for by the US Army as noted in their training manual titled “Foreign Internal Defense Tactics Techniques and Procedures for Special Forces”.
Even though the true objective of this massacre was may never be known, it is more than interesting to note that some in the“mainstream” US media are not accepting the “official line,” such as Fox News reporter Ben Swann from their WXIX-FOX19 station out of Cincinnati, Ohio, who asks:
July 25, 2012 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth.  Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]

http://www.whatdoesitmean.com/index1600.htm


It's Time To Show The Liberal Socialists The REAL Truth Behind Gun Statistics

After each mass gun shooting, especially the Sandy Hook school incident last week, the liberal socialists (including the mainstream media) who want to do away with Americans 2nd amendment right to bear arms away, use these shootings to pass legislation (or try to in some cases) to do just that....disarm us and make us even more helpless and at the mercy of those who are armed.
Now, I can just hear some of you saying, well if it's law that NOBODY can have guns, then you won't be anyone's mercy, cause no one will have them. To those of you who think this, you live in la-la-land and need a wake up call! Crooks and bad guys, by the very definition of the words describing them...don't care about nor follow laws! THEY WILL HAVE GUNS....period. They will be able to get them even easier than it is now, as the minute you pass a law banning guns, the black market will flourish even more and the influx of weapons will grow exponentially. And with this, we will see even more mass shootings as the bad guys will be basically assured that there will be absolutely no resistance! Right now, the bad guys know that there is some chance that someone may be carrying, so they choose places where they know there isn't anyone armed like schools. But take away ALL rights to be armed and there will be a field day for the bad guys. And then there will be more mass shootings, and it won't be contained to just a few places.
Now, I can just hear some of you saying, well there will be armed law enforcement officers who will protect us! My answer to that is....where was that protection at Columbine, Wakefield Massacre, Amish School in Lancaster, Carthage Nursing home, Virginia Tech, Lockheed Martin, Fort Hood, USPS shooting in Edmond, OK, Dallas Nightclub and the Tuscon shooting last year (just to mention a few)? Armed law enforcement officers protecting us in these situations is a myth. They only arrive at the scene (in 99.9% of the cases) AFTER the bad guy has completed his mission and have to CLEAN UP the results!
I also want to point out this....what is to stop our own government from becoming the bad guy with us being unarmed? What would have happened in 1776 if all of our forefathers & mothers weren't armed? Do you honestly think the ARMED British soldiers wouldn't have used their weapons anyways? A tyrannical government doesn't care and when a country's population is unarmed and can't protect themselves against tyrannical governmental leaders (oh my! Dishonest, controlling politicians????) it makes them even more susceptible to their tyranny! This was considered self-evident by our founding fathers and is why we have the 2nd amendment in the first place!
What I would like to know is WHEN it became un-American or BAD to properly protect oneself by being armed? When did a big number of the American people decide that it's ok to leave our 2nd amendment in the hands of armed enforcement officers and government officials and let them take care of us? Let's take a look at a country who greatly influenced our founding fathers and their reasoning (other than our own revolution) behind writing the 2nd amendment.... Switzerland. One of the few nations with a higher per capita rate of gun ownership than the United States, Switzerland has virtually no gun crime. "Switzerland is a nation with every household owning and routinely training firearms of every kind and calibre. From handguns to semi-automatic "assault" rifles, the Swiss are armed and secure, and not hindered or impeded by gun laws and unnecessary regulation. Not surprisingly, Switzerland has one of the lowest rates of gun crime in the industrial world with low levels of robbery, assault with a weapon and rape when compared to disarmed countries like the UK and portions of the United States". (http://www.fourwinds10.net/siterun_data/government/us_constitution/gun_control/news.php?q=1328200051)
"The [Swiss] army sells a variety of machine guns, submachine guns, anti-tank weapons, anti-aircraft guns, howitzers and cannons. Purchasers of these weapons require an easily obtained cantonal license, and the weapons are registered, In a nation of six million people, there are at least two million guns, including 600,00 fully automatic assault rifles, half a million pistols, and numerous machine guns. Virtually every home has a gun. If ever a nation had "a well-regulated militia," it is Switzerland. Nineteenth-century economist Adam Smith thought Switzerland the only place where the whole body of the people had successfully been drilled in militia skills. The nation is ready to mobilise on a moment's notice. Said one Swiss citizen-soldier, "If we start in the morning, we would be mobilised by late afternoon. That is why the gun is at home, the ammunition is at home. The younger people all have automatic rifles. They are ready to fight".(http://www.guncite.com/swissgun-kopel.html)
The answer to our problems with mass shootings is NOT to disarm the GOOD guys....it's to not only arm them, but also TRAIN them on how to properly use their weapons! There goes the socialistic liberals argument (like Spartanburg County Councilman Michael Brown) that "this is just the opportunity for people who are not trained law enforcement officials, people who do not have extensive training and the experience, to handle weapons". Brown likened the increasing number of citizens exercising their right-to-carry to the “wild wild West,” and expressed hope in “letting cooler heads prevail” and that pro-comments on our right-to-carry as “irresponsible, irreprehensible [sic] and… incendiary." (http://nraila.org/news-issues/articles/2012/outrage-of-the-week-politician-attacks-sheriff%E2%80%99s-support-of-self-defense.aspx). Seems Brown would prefer citizens to rely on the “cooler heads” of armed robbers, convicted felons and after the fact law enforcement officers! "Whatever the effect of Swiss guns abroad, they are not even a trivial crime problem domestically. Despite all the guns, the murder rate is a small fraction of the American rate, and is less than the rate in Canada or England, which strictly control guns, or in Japan, which virtually prohibits them. The gun crime rate is so low that statistics are not even kept. It is not Switzerland's cultural makeup, or its gun policies per se, that explain that low crime rate. Rather, it is the emphasis on community duty, of which gun ownership is the most important part, that best explains low crime rate". And our fore fathers understood this and is why they found it so fundamentally important to secure this, that they made it the SECOND amendment, right after securing our right to freedom of religion, speech, press, assembly and to petition our government for a redress of grievances!

And to say, well...ok...you can own weapons, but not anything bigger than a handgun or rifle... I wish to point out that those are measly and ineffective against a bad guy's assault weapon and not protective in any way! We need to be able to meet fire with fire...not a lighted match!
Those Americans who think that "We the People" shouldn't be able to have weapons... need to not own them...but leave the rest of us who believe we should, rights alone. It just may save their lives, or someone else's whom they love!

Tuesday, December 18, 2012

Securitization Flow Chart

Here is a flow chart showing how your promissory note and mortgage SHOULD be entered into a trust fund  on one side and then how it usually was done on the other. Just fill in the names and dates where applicable. Please note, I take no credit for this as it was illustrated by Bradley Walker on 9/28/12 and researched by Joseph Esquivel at MCI. Both did an excellent job at depicting what happens during the securitization process. 
Kudos gentlemen!
********************************************

Friday, December 14, 2012

Eric Holder Says We Must Brainwash People Against Guns

Tragedy In Connecticut Is Example Why Gun Control Doesn't Work!


There has been a horrendous mass shooting at the Sandy Hook Elementary School in Newtown, Connecticut.   At this time, 27 people are reported dead, most of them children.
This shooting is yet another tragic example of the failed, grotesque insistence on helpless victim zones where any crazed gunman can be assured of a large number of disarmed, undefended, helpless victims, all crammed into one place, where he can kill many children before an armed defender arrives from elsewhere.  It is disturbing and sick that the federal government so hates the right of the American people to bear arms, and so hates their natural right to self defense, that the government insists on making them helpless, disarmed victims for anyone who cares to kill them.   And in this case, all of the teachers and staff were willfully disarmed by the Federal Government, by force of law and threat of prison, to ensure that they would be disarmed and incapable of saving the lives of the children entrusted to their care.

That makes the Federal Government complicit in the deaths of these children, and in fact an accessory to their mass murder, by forcibly disarming (with the very real threat of prison) all the teachers, all the staff, and any parent who may have been on school property.  That stupid law guaranteed the shooters would meet no immediate armed resistance, which is exactly what is needed to stop such an attack.

In such a shooting (as in every criminal attack), seconds count, and the people best positioned to stop the attack are the people on the scene - the intended victims and/or their care-takers.  In this case, that would mean the teachers and staff of the school, and also the parents, who should have the ability to save the lives of their own children as they take them to and from school.

The police cannot, and do not arrive in time to stop such shooters from killing large numbers of people.  They are a slow reactive force compared to an armed citizen on the scene.   This should be common sense, as it is obvious that in the immediacy of a criminal attack, it is the intended victims (or their immediate care-takers) who are there, in position to put a stop to the attack, if they are capable.  And being capable means being armed, trained, willing, and able to use deadly force, right then, right there.  Anything less leads to what we saw here.

But no doubt the rabid anti-gun government supremacists will use this to further their agenda to disarm the American people, totally ignoring that obvious, plain-as-day truth.   Anti-gun nuts trust the government with guns, but not the people, and insist that the lowly citizen must be disarmed and helpless in the face of murderous assault, and must wait on slow responding armed government employees, who will not be there when the attack starts, and most often can only really clean up the horrendous crime scene afterwards and maybe, just maybe apprehend a shooter who has chosen not to kill himself (as they usually do).

The bottom line is that these teachers and staff at the Sandy Hook Elementary School were incapable of keeping these children safe, and incapable of defending them.  And one of the biggest reasons they were so incapable and unprepared to save the lives of the children entrusted to their care is because the anti-gun nuts and their fellow travelers in government insisted on disarming every adult in the vicinity, by threatening them with prison time – EXCEPT the gunmen, who don’t care about the law and thus were not disarmed.    laws against carrying weapons in schools don’t stop evil men with murderous intent.  Such laws only disarm the law abiding and virtuous, who are now rendered incompetent to defend the precious children in their care.

This is disgusting.  And yet another reason to home-school.  Why would you want to leave your children helpless, in the hands of adults who are  themselves helpless, and incapable of defending them, by government decree?  For all we know, one of the teachers may have been a veteran, with the training and skill to use a firearm if one had been available.  But all the teachers and staff, whatever their ability with firearms, were stripped of the choice and chance to save the lives of these kids.

There are more good guys than bad guys in the world.  But the good guys need to be able to stop the bad guys, and that means  they need to be armed so they can stop the bad guys on the spot, without having to wait for “official” government approved good guys to respond.  Trust the teachers with arms so they can save the lives of their students.

Until the adults are allowed to actually act like adults, and defend themselves and their students, this kind of willful killing will continue to happen, and the federal government will in each case be a guilty party to the conspiracy by ensuring that the targets are disarmed.
Until this changes, you should refuse to give your children over to government schools lorded over by a Federal Government so callous and indifferent to their safety and lives.

Stewart Rhodes,
Founder of Oath Keepers.

Thursday, December 13, 2012

Supreme Court Revives ObamaCare Fight

Liberty Counsel
Mathew Staver, Founder and Chairman

The U.S. Supreme Court granted Liberty Counsel’s Petition for Rehearing in the ObamaCare case of Liberty University et al v. Geithner. 
 
The High Court’s ruling says that Liberty Counsel’s “Day in Court” against ObamaCare is far from over!  In fact, it’s just beginning – again – at the federal appellate level. 
 
With their recent ruling, the Supreme Court directed that our case be reheard at the Fourth Circuit Court of Appeals in Richmond, Virginia. 
 
++ObamaCare MUST be struck down!
 
Congress clearly exceeded its power by forcing every employer to provide federally mandated insurance. But even more shocking is the abortion mandate, which collides with constitutional guarantees of religious freedom and rights of conscience. 
 
Also in question is whether the First Amendment Free Exercise of Religion Clause and the federal Religious Freedom Restoration Act (RFRA) have been violated by both the employer and the individual “abortion mandate” that has been exposed during ObamaCare’s implementation.
 
++How we got another shot at taking down ObamaCare in court.
 
The fact that a highly technical and narrow ruling by the Supreme Court in June of this year found the President’s healthcare “reform” law to be permissible under the Constitution as a tax did not settle the issues contained in our original lawsuit. The Court ruled (wrongly in my opinion) that Congress has the authority to pass the individual mandate as a tax.
 
But many issues were not decided that were contained in our case that was pending at the Supreme Court. That was why I felt we must file a petition for rehearing, and is likely the reason why the Supreme Court ordered the federal court of appeals to hear our arguments.
 
The legal battle against ObamaCare is among the most historic pieces of litigation ever fought in the United States federal judiciary – and Liberty Counsel’s lawsuit is now on the forefront of all judicial efforts to have the law overturned! 
 
This may well pave the way for the case to return to the High Court in 2013 – before the law’s full implementation in 2014.

Now our case has been given new life!  
 
I am asking that you stand with me, the Liberty Counsel Litigation Team, and tens of thousands of your fellow patriotic Americans who REFUSE to allow the Left to turn America into just another socialist state!
 
What a blessing to know that you and many, many others will be there with me, standing with us and praying for our success!  
 
To make this possible, we are compiling another powerful Amici Book, which is Latin for “Book of Friends.”  
 
I’m asking you to join with other engaged citizens to sign the 2013 Amici Book, which I will once again place prominently at our Counsel’s Table…. directly across the aisle from Attorney General Eric Holder’s team from the Department of Justice (DOJ)!

This way, you can join me in that courtroom! 
 
Please take a moment right now to sign the Amici Bookand declare that you will personally stand with me as I once again take on the daunting challenge of battling with the Obama administration and the Department of Justice. 
 
++Our legal efforts to stop ObamaCare have once again moved into high gear. 
 
I assure you, we will be fully prepared from a legal standpoint.  But more importantly, I will be walking into court knowing that many, many concerned citizens are standing with me – the equivalent of two packed baseball stadiums or more.  That’s one measure of why your personal support has such value!  
 
Click here to sign Liberty Counsel’s powerful new Amici Book
 
http://www.grassrootsaction.com/373/petition.asp

I’ll inform you of the date and time of our hearing as soon as the Circuit Court announces the schedule. 
 
THANK YOU for all for standing with us.
 
Mathew Staver, Founder and Chairman
Liberty Counsel
 
P.S. Liberty Counsel is fighting on behalf of ALL Americans’ constitutionally protected religious liberties and rights of conscience. 
 
Please join me in the Fourth Circuit Court of Appeals by signing our Amici Book (meaning, as I have mentioned, “Book of Friends”).  You ARE a friend – please let me know you will continue to support our case against this outrageous healthcare “reform” bill!  Again, thank you and God bless you!

Friday, December 7, 2012

Chris Christie Won't Do Health Care Exchanges in New Jersey

-By Jimmie Bise Jr - LibertyNews Network

New Jersey Governor Chris Christie vetoed a bill setting up health care exchanges:

Gov. Chris Christie vetoed legislation establishing a state-run health insurance exchange on Thursday, blaming the federal government for failing to provide the answers he said he needs to make a fiscally sound decision on the best way to comply with the Affordable Care Act.

The governor said he has not eliminated any of the options available to states to comply with the national health care overhaul. But, he said it would be irresponsible to choose one over the others   without knowing the costs of each.

“New Jersey and all other states still await substantial federal guidance on the functioning of all three types of exchanges,” Christie said in his veto message. “To be sure, the decision of whether to move forward with a state-based exchange can only be fully understood when competitively compared to the overall value of the other options.”  

I would suggest there is only one answer to making ObamaCare "fiscally sound."

Don't do it.

US House Judiciary Hearings on Foreclosure Fraud



Text Timeline
All Speakers
00:00:09
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
RECOGNIZE MYSELF FOR A BRIEF STATEMENT, I DO WANT TO WELCOME SENATOR SHELDON WHITEHOUSE FROM THE STATE OF RHODE ISLAND WHO IS WITH US TODAY TO TESTIFY...
00:01:52
Whitehouse, Sheldon - U.S. Senator, [D] Rhode Island
THAT. I'LL GLADLY DO THAT REPRESENTATIVE JOHNSON. I THANK YOU FOR THE OPPORTUNITY TO TESTIFY. RANKING MEMBER SMITH, MEMBERS OF THE COMMITTEE, THE FORECLOSURE...
00:09:31
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
MENTIONED. I THINK IT'S GOOD IN THE JUDICIAL STATES, FORECLOSURE JUDICIAL STATES BUT THERE ARE ABOUT HALF THE STATES ALMOST THAT SUFFER FROM A NONJUDICIAL...
00:10:16
Whitehouse, Sheldon - U.S. Senator, [D] Rhode Island
ABILITY OF A HOMEOWNER TO SEEK BANKRUPTCY PROTECTION IN ORDER TO STOP THE FORECLOSURE AND RESOLVE ALL OF THEIR CREDIT ISSUES AT THE SAME TIME IS FACILITATED...
00:11:09
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
RECOGNIZE MYSELF FOR A BRIEF STATEMENT. THESE ARE CHALLENGING TIMES IN AMERICA. OUR ECONOMY IS STRUGGLING DURING AN UNPRECEDENTED HOUSING CRISIS. A...
00:17:04
Smith, Lamar S. - U.S. Representative, [R] Texas
CHAIRMAN, I WAS INTERESTED IN YOUR OPENING STATEMENT BECAUSE I DIDN'T REALIZE WHAT YOU HAD DONE IN THE GEORGIA LEGISLATURE TO HELP ADDRESS THIS...
00:19:38
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
AND MINDFUL OF OUR BUSY SCHEDULES, I ASK THAT OTHER MEMBERS SUBMIT THEIR STATEMENTS FOR THE RECORD. WITHOUT OBJECTION OTHER MEMBERS' OPENING STATEMENTS...
00:24:52
Kowalski, James - Attorney
ON ISSUES RELATING TO THE FORECLOSURE CRISIS FACING OUR COUNTRY. I'M AN ATTORNEY PRACTICING IN FLORIDA AND A MEMBER OF THE NATIONAL ASSOCIATION...
00:30:50
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
I NEGLECTED TO MENTION TO THE WITNESSES THAT WE EACH OF YOU HAVE FIVE MINUTES AS INDICATED ON THE CONTRAPTION IN FRONT OF YOU. THERE'S A GREEN, A YELLOW...
00:31:27
Kowalski, James - Attorney
OF CONSUMER ADVOCATES WE WOULD APPRECIATE THE OPPORTUNITY TO FORM A BIPARTISAN PARTNERSHIP TO CONFER AS REGULARLY AS YOU WANT WITH THE MEMBERS OF THIS...
00:32:05
Cox, Thomas - Volunteer Program Coordinator
TO BE HERE TODAY. I AM RETIRED FROM THE PRIVATE PRACTICE OF LAW IN MAINE WHERE FOR MANY YEARS I REPRESENTED LENDERS AS WELL AS THE FDIC IN LOAN LITIGATION...
00:38:51
Hines, Sandra - , Detroit
MEN AND WOMEN HERE WHO CAN MAKE A DIFFERENCE IN OUR LIVES IN AMERICA. I LOST MY FAMILY HOME TO FORECLOSURE AND EVICTION, AND I DON'T KNOW IF ANYBODY...
00:46:48
Fluker, Vanessa - Attorney
YOU PULL THAT MICROPHONE UP, IT'S -- >> IS THAT GOOD? >> CUT IT ON. IS IT ON? >> THE LIGHT'S ON. >> THE LIGHT'S ON. YEAH. I DON'T THINK IT MUST BE...
00:53:37
Deutsch, Thomas - Executive Director
NAME IS TOM DEUTSCH, AND AS THE EXECUTIVE DIRECTOR OF THE AMERICAN SECURITIZATION FORUM, I APPRECIATE THE OPPORTUNITY TO TESTIFY HERE TODAY ON BEHALF...
00:58:27
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
IF THE PANEL WILL ALLOW ME JUST A COUPLE OF SECONDS TO CONSULT. >> OKAY. MR. PETERSON, YOUR TESTIMONY,
00:59:53
Peterson, Christopher - Attorney
PLEASE. >> IT'S AN HONOR TO BE HERE TODAY. >> AND I BELIEVE THAT MIKE MAY NOT BE ON. OKAY. >> HOW'S THAT? NO? THERE. MR. CHAIRMAN, RANKING MEMBER SMITH,...
01:05:56
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
DEVASTATING INFORMATION ABOUT THE MORTGAGE INDUSTRY IN THIS COUNTRY AS IT WORKS. MR. KOWALSKI, HAVING PUT THREE PEOPLE ON DEATH ROW IN FLORIDA AS A...
01:12:29
Kowalski, James - Attorney
SEE THAT MERS ASSIGNMENT. IT IS AN ASSIGNMENT THAT PURPORTS TO HAVE BEEN SIGNED ON BEHALF OF FIRST HORIZON HOME LOAN. IT IS ACTUALLY SIGNED BY AN OFFICE...
01:13:41
Cox, Thomas - Volunteer Program Coordinator
US IN MAINE. MERS CLAIMS THAT IT HAS THE RIGHT TO FORECLOSE MORTGAGES IN ITS OWN NAME. MERS HAS ADMITTED THAT IT DOES NOT OWN ANY LOAN, IT NEVER HAS...
01:15:48
Fluker, Vanessa - Attorney
WELL. AS STATED EARLIER, MICHIGAN IS A FORECLOSURE BY ADVERTISEMENT STATE. THAT MEANS IT'S DONE STATUTORILY. IN MICHIGAN, IN ORDER TO HAVE A VALID...
01:18:16
Deutsch, Thomas - Executive Director
TO ALLOW ADDITIONAL ACCESS TO CREDIT. MERS ACTS AS A TRANSFER OF THE TITLE OF THE MORTGAGE LOAN. THAT IS, AS AN ORIGINATOR ORIGINATES THE LOAN, THEY...
01:19:49
Conyers, John Jr. - U.S. Representative, [D] Michigan
OF THE WITNESSES TO THAT RESPONSE. I'D LIKE TO NOW TURN TO THE DISTINGUISHED GENTLEMAN FROM ARIZONA, MR. TRENT FRANKS. >> WELL, THANK YOU, MR. CHAIRMAN....
01:20:01
Franks, Trent - U.S. Representative, [R] Arizona
HERE. LET ME START BY SUGGESTING, MR. PETERSON, THAT YOUR OPENING STATEMENT WAS VERY COMPELLING TO ME. YOU KNOW THERE'S AN OLD IROQUOIS QUOTE THAT...
01:23:52
Peterson, Christopher - Attorney
SAID? >> WELL, THANK YOU FOR THE RESPECTFUL COMMENTS. YEAH. I THINK THAT I'D LIKE TO ADD THAT, YOU KNOW, MERS -- MERS IS SIGNIFICANTLY DEPRIVING...
01:26:59
Franks, Trent - U.S. Representative, [R] Arizona
TO RESPOND TO THAT, BECAUSE I KNOW THAT HE HAD SOME -- SOME POTENTIAL DISSENT HERE AND I WANTED TO GIVE YOU A CHANCE TO DO
01:27:08
Deutsch, Thomas - Executive Director
THAT. THEN I'M PREPARED TO YIELD BACK. ? THANK YOU, MR. FRANKS, AND CERTAINLY FOR THE RECORD I DO HAVE STRONG DISSEVENTH WITH MR. PETERSON'S COMMENTS....
01:28:40
Conyers, John Jr. - U.S. Representative, [D] Michigan
BEFORE I RECOGNIZE, WANT TO MAKE ANY COMMENT ABOUT THIS DISCUSSION SO FAR? MR. KOWALSKI AND MR. COX? >> ONE QUICK POINT, IF I COULD, MR. CHAIRMAN....
01:28:52
Kowalski, James - Attorney
THE ISSUE OF WHETHER OR NOT MERS IS TRANSPARENT AND TRACKS INVESTORS, I'VE GOT A MERS SCREEN PRINT FROM THE MERS SERVICE I.D. SYSTEM THAT I PRINTED...
01:29:53
Cox, Thomas - Volunteer Program Coordinator
COUNTRY. MAINE IS ONE OF THE FIRST STATE SUPREME COURTS TO ADDRESS THE LEGITIMACY OF MERS' RIGHT TO FORECLOSE MORTGAGES, AND IT DID SO THIS SUMMER...
01:30:35
Fluker, Vanessa - Attorney
ISSUE, AS WELL. ONE THING THAT I THINK IS VERY IMPORTANT THAT THE EMPHASIS HAS BEEN ON MERS RECORDING, THE ASSIGNMENTS, THINGS OF THAT NATURE, BUT...
01:32:54
Peterson, Christopher - Attorney
NEVER CLEAR WHETHER OR NOT THE PERSON THAT'S ACTING ON BEHALF OF MERS -- REMEMBER, THIS IS NOT A REAL EMPLOYEE OF MERS. THIS IS A VICE PRESIDENT THAT'S...
01:33:12
Scott, Robert "Bobby" - U.S. Representative, [D] Virginia
I MEAN, THE FEE SIMPLE TITLE, WHO TRANSFERS TITLE? >> MERS SAYS THAT THEY'RE FILING RELEASE OF THE LIEN, AND THEN THE HOMEOWNER BUYS FEASIBLE TITLE...
01:33:58
Kowalski, James - Attorney
OF THE SALE, WHICH IS ALMOST ALWAYS, UNLESS THERE'S ANY EQUITY IN THE PROPERTY, IS ALMOST ALWAYS THE FORECLOSING SERVICER IN FLORIDA. IN FLORIDA...
01:37:51
Fluker, Vanessa - Attorney
I BEGAN WAS THAT SUCH A LARGE PERCENTAGE OF THE LOANS NOW ARE INSURED BY THE FEDERAL GOVERNMENT, FANNIE MAE AND FREDDIE MAC. NOW, LET ME BE CLEAR....
01:41:18
Cox, Thomas - Volunteer Program Coordinator
BASE OF THIS PROBLEM. IF YOU CONSIDER A SITUATION SUPPOSE A LENDER OR SERVICER IS, IF THE SERVICER APPROVES THE SHORT SALE TODAY, ITS FEE REVENUE FOR...
01:42:19
Hines, Sandra - , Detroit
HOUSE IS FORECLOSED ON AND THE PEOPLE ARE THROWN OUT. THEY SEE THE DUMPSTER ROLL UP.
01:42:27
Hines, Sandra - , Detroit
THE NEXT DAY THE THIEFS STEAL EVERYTHING OUT OF THE HOME OF ANY VALUE. AND THEY LEAVE THE HOME A SHELL, AND THE BANKS STILL OWN THE HOMES, THE HOMES...
01:43:40
Conyers, John Jr. - U.S. Representative, [D] Michigan
PARK TO TALK WITH YOU AND ME ABOUT THE UNDERLYING PROBLEMS THAT WE'RE ACTUALLY ENCOURAGING THE WRONG THING TO HAPPEN IN THESE -- IN THIS DOWNTURN...
01:44:31
Coble, John "Howard" - U.S. Representative, [R] North Carolina
MR. CHAIRMAN. I PLEAD GUILTY TO BEING A SENIOR MEMBER OF THE COMMITTEE. THAT'S ABOUT ALL I KNOW WITH CERTAINTY RIGHT NOW, BUT THANK YOU FOR THAT. STAY...
01:45:08
Peterson, Christopher - Attorney
ROLE. I THINK THAT THE ORIGIN OF MERS WAS THAT MORTGAGE BANKING TRADE ASSOCIATION MEETINGS WHERE THEY SORT OF COOKED UP THE IDEA AND FANNIE MAE WAS A...
01:47:01
Deutsch, Thomas - Executive Director
MARKET. IF YOU ULTIMATELY DECLINE OR DISALLOW FORECLOSURES TO OCCUR IN SITUATIONS WHERE MODIFICATIONS DON'T WORK AND THE SHORT SALE DOESN'T WORK, ULTIMATELY...
01:47:46
Coble, John "Howard" - U.S. Representative, [R] North Carolina
OR MR. FLUKER OR ALL THREE. YOU'VE TESTIFIED ABOUT SERVICERS IN SOME CASES. COURTS, HOWEVER, HAVE PROCEDURAL RULES IN PLACE TO PUNISH THOSE WHO SWEAR...
01:48:09
Cox, Thomas - Volunteer Program Coordinator
CALDER, SPEAKING FOR MAINE, WE'VE GOT A STATE JUDICIAL SYSTEM THAT IS IN DEEP TROUBLE. WE HAVE JUDICIAL VACANCIES. WE HAVE VACANCIES IN THE COURTHOUSES....
01:49:37
Fluker, Vanessa - Attorney
THE POTENTIALLY FRAUDULENT OR FAULTY PAPERWORK. I AM FROM MICHIGAN. MICHIGAN IS A NONJUDICIAL FORECLOSURE STATE. THEREFORE, TECHNICALLY THERE IS ...
01:51:05
Kowalski, James - Attorney
NOT BEEN ACTIVE WITH THIS ISSUE, ALTHOUGH I UNDERSTAND THERE'S A COLLECTION OF 50 STATES ATTORNEY GENERALS THAT ARE LOOKING AT THIS. BUT PART OF...
01:52:34
Watt, Melvin - U.S. Representative, [D] North Carolina
READY. >> ASK THE FELLA TO FIND OUT. >> WELL, THEY HAVEN'T CALLED VOTE, SO WE WOULD HAVE AT LEAST 15 MINUTES AFTER THEY CALLED VOTE, SO I THINK WE CAN...
01:53:38
Deutsch, Thomas - Executive Director
I DON'T HAVE A DETAILED UNDERSTANDING OF THE CORPORATE GOVERNANCE RELATIONSHIP WITH MERS. THEY ARE SOME PART OWNERS OF THE MERS REGISTRATION SYSTEM....
01:56:49
Watt, Melvin - U.S. Representative, [D] North Carolina
GSEs AND THE PREEMPTION ISSUES THAT GET RAISED WHEN -- SO WRSH, MISS FLUKER. THERE'S BEEN A LOT OF TALK RECENTLY ABOUT STANDARDIZING THESE FORECLOSURE...
01:57:45
Fluker, Vanessa - Attorney
FIRST AND FOREMOST, I THINK THAT IT'S IMPORTANT TO NOTE THAT SPECIFICALLY WITH RESPECT TO MERS ISSUE, THERE ARE QUITE A FEW CASES UP ON APPEAL BECAUSE...
01:59:51
Deutsch, Thomas - Executive Director
TO DIRECT THOSE QUESTIONS TO MERS. NEITHER ONE OF US ARE AWARE OF THE PRECISE OWNERSHIP -- >> WELL, YOU'RE HERE REPRESENTING MERS, HUH? >> I DON'T REPRESENT...
02:00:29
Conyers, John Jr. - U.S. Representative, [D] Michigan
AND OUR STAFF TO THINK ABOUT THE NEXT HEARING, MEL, AND I THANK YOU VERY MUCH. I TURN NOW TO ELTON
02:00:42
Gallegly, Elton - U.S. Representative, [R] California
GALLAGIGLY, THE DISTINGUISHED GENTLEMAN FROM CALIFORNIA. >> THANK YOU VERY MUCH, MR. CHAIRMAN. THIS IS OF PARTICULAR INTEREST TO ME. IN MY FORMER LIFE...
02:02:55
Hines, Sandra - , Detroit
HOME? >> IN 2006. >> 2006. >> UH-HUH. >> AND HOW LONG WAS IT AFTER YOU INHERITED THE LOAN BEFORE BORROWED MONEY? >> I THINK IT WAS 2005. >> OKAY. >> IT...
02:08:49
Chu, Judy - U.S. Representative, [D] California
KNOW, IT FELL FAR SHORT OF THE EXPECTATIONS. IT WAS SUPPOSED TO HELP 3 MILLION TO 4 MILLION PEOPLE FROM FORECLOSURE, BUT INSTEAD ONLY HELPED 700,000...
02:10:32
Fluker, Vanessa - Attorney
PEOPLE DON'T LIKE THIS WORD, BUT IT NEEDS TO BE OUT THERE. IT NEEDS TO BE UNDERSTOOD. THERE NEEDS TO BE A MORATORIUM ON THE FORECLOSURES. PEOPLE HEAR...
02:12:43
Kowalski, James - Attorney
COUNSELORS TO ASSIST WITH FORECLOSURE PREVENTION AND NOT SURPRISING THE BANKING LAW FIRM GAVE -- I'M NOT SURE WHY THE TREASURY LAWYERS COULDN'T DO THIS...
02:14:20
Peterson, Christopher - Attorney
SERVICER IF THEY SUCCEED, AND THAT HAPPENS OVER A STAGED PERIOD OF TIME, BUT IT'S NOT VERY MUCH MONEY AND IT'S NOT A SHARP ENOUGH INCENTIVE TO GET THEM...
02:16:21
Deutsch, Thomas - Executive Director
A FIREFIGHTERS PENSION FUND OR POLICE PENSION FUND WHERE NOW YOU'VE CREATED AN INCENTIVE FOR A BORROWER TO DEFAULT BECAUSE THEY'RE PAID $15,000...
02:18:08
Deutch, Theodore "Ted" E. - U.S. Representative, [D] Florida
CHAIR. BUT IN AN ATTEMPT TO GET TO KNOW MR. DEUTSCH BETTER, I DO HAVE SOME QUESTIONS FOR YOU. AND WE'LL SEE IF IT'S -- IF THESE ARE QUESTIONS THAT...
02:19:31
Deutsch, Thomas - Executive Director
TO A 100% TAXATION. >> IF THE TRUST DOESN'T MEET THE REMIC REQUIREMENT AND THE SECURITIZATION PROCEEDS PAID ON TO THE INVESTORS WOULD BE PAID AS A...
02:21:37
Peterson, Christopher - Attorney
MY UNDERSTANDING IS THAT YOU CAN'T PUT THEM BACK IN AFTER IT'S CLOSED. AFTER THE 90-DAY WINDOW FOLLOWING CLOSURE OF THE REMIC IS INSPIRED, YOU CAN'T...
02:21:59
Deutch, Theodore "Ted" E. - U.S. Representative, [D] Florida
IF THEY'RE PAST THIS 90-DAY PERIOD, AND MR. PETERSON, I'LL STICK WITH YOU FOR A SECOND, IF THEY'RE PAST THE 90-DAY PERIOD AND THE TAX EXEMPT STATUS --...
02:25:34
Deutsch, Thomas - Executive Director
ON ANALYZING AND IMPROVING THE PROCESSES. I THINK ULTIMATELY THERE IS NO MERIT TO THE ARGUMENT OR SUGGESTION THAT ANY RERIC VIOLATIONS HAVE OCCURRED...
02:27:11
Johnson, Henry "Hank" C. Jr. - U.S. Representative, [D] Georgia
AND FRIGHTENING HEARING TO REALIZE THAT IT'S A BASIC HUMAN INSTINCT TO WANT TO CONTROL, AND THAT CONTROL MANIFESTS ITSELF IN OWNERSHIP OF PROPERTY. IT...
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.