The DARK UNDERBELLY of MORTGAGE FRAUD CONS

MUST WATCH!
"Bailout" author Neil Barofsky explains how the banks are holding America hostage.

Pension and State Police / Prosecutors are all involved. Listen to the allegations ... He's CORRECT http://www.youtube.com/watch?v=UFm_j7PvCYM

Superior Courts of Los Angeles Served!!!
whoo hoo!!! LA has their shit together, this is groundbreaking!! Where are the views!!!! I love this!!! Yea, we the people are the ones who make the final decision, where did this logical way of thinking go, what happened to us,. I am glad we're getting back on track!!

Judson Witham WAKE UP AMERICA ...... http://americalooted.wordpress.com/

Trillions Stolen ...... Looting of a Nation

On Fri, Mar 22, 2013 at 4:26 PM, Judson Witham <jurisnot@gmail.com>wrote:
I'll bet  Liberty Broadcasting Knows  
Huh  Curt

Sent: Friday, March 22, 2013 4:13 PM
Subject: Flies in the Butter


Ask The  FBI,  US Postal and the US Secret Service / Treasury 

  RICO REALTY  a  Primer  
The Great Texas Bank Job

So I'm thinking Conroe, Texas was INFESTED with Illegal Realty Transactions Connected to Financing Agreements and Bank Loans for Unlawful Real Estate Sales. Many Many Many Millions of these Swindles have been revealed all across the United States and IN FACT the Subprime Deals are Greatly Infamous.  The  Perps of these Illegal Realty Deals almost always provided an Address with which to MAIL in Payments and as is OBVIOUS Used the Mails and Such to engage in the other Transactional Aspects of Collecting Installments and Noticing on Collections and Court Matters during Foreclosures.  It would seem the  US Postal and Banking Systems were ALL integral to the Criminal and otherwise Fraudulent and Illegal Realty, Insurance, Banking and Lawyering connected to it all.









I thought Whistle Blowers were ebtitled to a REWARD for exposing the Corruption ??? 

 


 Lanny Breauer and Robert Mueller are LYING on an ENORMOUS SCALE ...... 

 An Historical Glimpse of The Paper Land Cons 

The Yazoo land fraud in Bourbon County, Georgia is one of the most notorious incidents of our early Republic. In January 1795 the state sold 35 million acres to four land companies for less than 1½¢ an acre. This was the result of bribery arranged by James Wilson – whom George Washington subsequently rewarded by naming him to the Supreme Court. (Moral: Crime pays.) To add insult to injury, the state was paid in depreciated currency, the “continentals.” So great was the outcry that a new state legislature was elected, and revoked the sale in February 1796, accusing its beneficiaries of “improper influence.”           

But a month before this new legislature was convened, one of the companies (the Georgia Mississippi Land Company) sold over 10 million acres, nominally at 10¢ cents an acre, to the New England Mississippi Land Company, which was quickly organized for just this purpose by some eminent Bostonian speculators, headed by William Wetmore. Only part of the money actually was paid in cash, and the transaction was largely a paper one. The company quickly hired agents to began selling shares to the public. Widespread speculation ensued in many states, each new investor becoming a partisan urging the national and state governments go along with the original fraud.           

New fraudsters jumped on board. Patrick Henry (“Give me liberty, or give me death”) headed up the Virginia Yazoo Company, which made a deal with Virginia Governor Telfair to buy twenty million acres of land at a penny an acre – paid for with the worthless continentals. The public was furious, but the “free marketers” of the day asked, what was wealth, anyway, but a reward for risk-taking.           

After the Yazoo land was turned over to the federal government in 1803, a series of Congressional investigations reported that the Boston company actually had paid little if any of the purchase price. (This is now called debt leveraging.) But the company sued, and lobbied Congress for over a decade to get compensation for its paper losses – that is, its lost opportunity to profit from the transaction. In 1814, in the turbulent aftermath of the War of 1812, Congress passed an indemnification act compensating them and other Yazoo investors with $8 million of public funds.[1]        

This settlement helped establish a fateful legal precedent known as the doctrine of innocent purchasers possessing certain vested rights. The ruling was steered through the Supreme Court by James Wilson, who in 1782 (along with Robert Morris as the bank’s president, and Gouverneur Morris) had obtained from Pennsylvania’s legislature a charter for the Bank of North America on terms similar to those of the Yazoo land claim.            

As Charles Beard has pointed out in his classic Economic Interpretation of the Constitution, James Wilson, the two Morrises, and two other bank directors (Thomas Fitzsimmons and George Clymer) acted as delegates to the Constitutional Convention, where they shaped America’s laws so as to facilitate their de-accessioning of public property and obtained special rights and charters for banks and other monopolies. (The word “privatization” would take nearly two centuries to enter the lexicon.) After the Bank of North America was so mismanaged that a money panic ensued, Pennsylvania revoked it’s charter. Wilson sued, arguing “that the original act was a grant of a VESTED RIGHT. That the charter could not be repealed without ‘IMPAIRING VESTED RIGHTS, and the rights of innocent parties.’ The legislature yielded, and in 1787 it reincorporated the bank. Thus originated the clause that Wilson had inserted in the present constitution forbidding any state to pass legislation impairing the obligation of a contract. And out of it has come Supreme Court decisions that have given this country the blackest record of validated land frauds and bribery known in history,” for it blocked state legislatures and Congress from undoing the results of overt bribery. (The story is told in Thomas L. Brunk, American Lordships, or A Brief Insight into the Suppressed History of Land Sharks and Their Control Over Government and Industry (Sioux City, Iowa,  1927, p. 84).           

The Supreme Court had ruled (in response to John Marshall’s pleading the Fairfax land-fraud case in Virginia) that what mattered was not the methods used to obtain a grant or contract, but the fact that innocent purchasers would be injured by repealing such contracts once they had been entered into (Chandler 1945:74,390). Even outright frauds were held irrevocable by subsequent legislation, on the ground that once a business claim was sold to an innocent purchaser, undoing the deal would be unfair. The unwitting buyer would be left holding the proverbial bag. Myers (1936:217) finds this to be “the first of a long line of court decisions validating grants and franchises of all kinds secured by bribery and fraud.”          

 The new doctrine provided a motive for privatizers to cash in quickly by selling out shares of fraudulent transactions to speculators and other buyers, who could then ask the state to “make them whole” for having injured them in revoking their wrongful purchase! Likewise today, polluters and real-estate holders are suing the government to be compensated for public laws that prevent them from making money by violating ecological and other real-estate regulations. Their demand is to be made whole for gains they allegedly would have been able to make had such public laws not been passed!           

The “innocent purchaser” and “vested interest” doctrines made it hard to undo fraud, if only because the alternative was to restore the misappropriated asset from the stock-buying public to the state. The Supreme Court ruled it preferable to let the first thief legitimize his fraud, leaving the “innocent buyers” in possession of the stolen property. Possession became, ipso facto, nine-tenths of the law. The moral of this story was that once you obtain public assets, even through bribery, it is yours, at least if you make the transaction complicated enough and involve enough “innocent parties” to make any restoration of the status quo ante hopelessly complicated.          

 The Yazoo incident is only exceptional for its size and the fact that it became a precedent for future practices. In 1835 the Senate Committee on Lands reported: “The first step necessary to the success of every scheme of speculation in the public lands, is to corrupt the land officers, by a secret understanding between the parties that they are to receive a certain portion of the profits.”[2]

Sixty years later, in 1895, Iowa’s Governor William Larrabee wrote on how the system had been perfected (largely by the railroad robber barons): “Outright bribery is probably the means least often employed by corporations to carry their measures. … It is the policy of the political corruption committees of corporations to ascertain the weakness and wants of every man whose services they are likely to need, and to attack him, if his surrender should be essential to their victory, at his weakest point. Men with political ambition are encouraged to aspire to preferment, and are assured of corporate support to bring it about. Briefless lawyers are promised corporate business or salaried attorneyships. Those in financial straits are accommodated with loans. Vain men are flattered and given newspaper notoriety. Others are given passes for their families and their friends. Shippers are given advantage in rates over their competitors. The idea is that every legislator shall receive for is vote and influence some compensation which combines the maximum of desirability to him with the minimum of violence to his self-respect. … The lobby which represents the railroad companies at legislative sessions is usually the largest, the most sagacious and the most unscrupulous of all. … Telegrams pour in upon the unsuspecting members. … Another powerful reinforcement of the railroad lobby is not infrequently a subsidized press and its correspondents.”          

 Gustavus Myers’ History of the Great American Fortunes (1936, pp. 218ff.) gives the details of this and other frauds that have shaped American history. The moral is that great gifts to insiders have effects that will last centuries. That is what is being threatened today with Mr. Paulson’s “clean” giveaway to his Wall Street clients.           

The moral is that there is a great danger in having a Treasury Secretary represent insider financial interests rather than the national interest.  

NOTES

[1] Myers History of the Great American Fortunes (New York 1936):216ff. and 1912:181-84, 258-64, Brunk 1927:147f., and Chandler 1945:388f., drawing on Senate Docs., 18th Cong., 2nd Sess., Vol. II, Doc. No. 14, and Sen. Docs., 24th Cong., 1836-37, Vol. II, Doc. No. 212, and Wheaton’s Reports, Supreme Court, IV, 255). See also Albert James Pickett, History of Alabama (to 1851), (Sheffield: 1896).

[2] Senate Docs., 23rd Cong., 2nd Sess. IV, Doc. No. 151 (March 3, 1835), cited in Myers 1936:218.



 An Historical Glimpse of The Paper Land Cons 

The Yazoo land fraud in Bourbon County, Georgia is one of the most notorious incidents of our early Republic. In January 1795 the state sold 35 million acres to four land companies for less than 1½¢ an acre. This was the result of bribery arranged by James Wilson – whom George Washington subsequently rewarded by naming him to the Supreme Court. (Moral: Crime pays.) To add insult to injury, the state was paid in depreciated currency, the “continentals.” So great was the outcry that a new state legislature was elected, and revoked the sale in February 1796, accusing its beneficiaries of “improper influence.”           

But a month before this new legislature was convened, one of the companies (the Georgia Mississippi Land Company) sold over 10 million acres, nominally at 10¢ cents an acre, to the New England Mississippi Land Company, which was quickly organized for just this purpose by some eminent Bostonian speculators, headed by William Wetmore. Only part of the money actually was paid in cash, and the transaction was largely a paper one. The company quickly hired agents to began selling shares to the public. Widespread speculation ensued in many states, each new investor becoming a partisan urging the national and state governments go along with the original fraud.           

New fraudsters jumped on board. Patrick Henry (“Give me liberty, or give me death”) headed up the Virginia Yazoo Company, which made a deal with Virginia Governor Telfair to buy twenty million acres of land at a penny an acre – paid for with the worthless continentals. The public was furious, but the “free marketers” of the day asked, what was wealth, anyway, but a reward for risk-taking.           

After the Yazoo land was turned over to the federal government in 1803, a series of Congressional investigations reported that the Boston company actually had paid little if any of the purchase price. (This is now called debt leveraging.) But the company sued, and lobbied Congress for over a decade to get compensation for its paper losses – that is, its lost opportunity to profit from the transaction. In 1814, in the turbulent aftermath of the War of 1812, Congress passed an indemnification act compensating them and other Yazoo investors with $8 million of public funds.[1]        

This settlement helped establish a fateful legal precedent known as the doctrine of innocent purchasers possessing certain vested rights. The ruling was steered through the Supreme Court by James Wilson, who in 1782 (along with Robert Morris as the bank’s president, and Gouverneur Morris) had obtained from Pennsylvania’s legislature a charter for the Bank of North America on terms similar to those of the Yazoo land claim.            

As Charles Beard has pointed out in his classic Economic Interpretation of the Constitution, James Wilson, the two Morrises, and two other bank directors (Thomas Fitzsimmons and George Clymer) acted as delegates to the Constitutional Convention, where they shaped America’s laws so as to facilitate their de-accessioning of public property and obtained special rights and charters for banks and other monopolies. (The word “privatization” would take nearly two centuries to enter the lexicon.) After the Bank of North America was so mismanaged that a money panic ensued, Pennsylvania revoked it’s charter. Wilson sued, arguing “that the original act was a grant of a VESTED RIGHT. That the charter could not be repealed without ‘IMPAIRING VESTED RIGHTS, and the rights of innocent parties.’ The legislature yielded, and in 1787 it reincorporated the bank. Thus originated the clause that Wilson had inserted in the present constitution forbidding any state to pass legislation impairing the obligation of a contract. And out of it has come Supreme Court decisions that have given this country the blackest record of validated land frauds and bribery known in history,” for it blocked state legislatures and Congress from undoing the results of overt bribery. (The story is told in Thomas L. Brunk, American Lordships, or A Brief Insight into the Suppressed History of Land Sharks and Their Control Over Government and Industry (Sioux City, Iowa,  1927, p. 84).           

The Supreme Court had ruled (in response to John Marshall’s pleading the Fairfax land-fraud case in Virginia) that what mattered was not the methods used to obtain a grant or contract, but the fact that innocent purchasers would be injured by repealing such contracts once they had been entered into (Chandler 1945:74,390). Even outright frauds were held irrevocable by subsequent legislation, on the ground that once a business claim was sold to an innocent purchaser, undoing the deal would be unfair. The unwitting buyer would be left holding the proverbial bag. Myers (1936:217) finds this to be “the first of a long line of court decisions validating grants and franchises of all kinds secured by bribery and fraud.”          

 The new doctrine provided a motive for privatizers to cash in quickly by selling out shares of fraudulent transactions to speculators and other buyers, who could then ask the state to “make them whole” for having injured them in revoking their wrongful purchase! Likewise today, polluters and real-estate holders are suing the government to be compensated for public laws that prevent them from making money by violating ecological and other real-estate regulations. Their demand is to be made whole for gains they allegedly would have been able to make had such public laws not been passed!           

The “innocent purchaser” and “vested interest” doctrines made it hard to undo fraud, if only because the alternative was to restore the misappropriated asset from the stock-buying public to the state. The Supreme Court ruled it preferable to let the first thief legitimize his fraud, leaving the “innocent buyers” in possession of the stolen property. Possession became, ipso facto, nine-tenths of the law. The moral of this story was that once you obtain public assets, even through bribery, it is yours, at least if you make the transaction complicated enough and involve enough “innocent parties” to make any restoration of the status quo ante hopelessly complicated.          

 The Yazoo incident is only exceptional for its size and the fact that it became a precedent for future practices. In 1835 the Senate Committee on Lands reported: “The first step necessary to the success of every scheme of speculation in the public lands, is to corrupt the land officers, by a secret understanding between the parties that they are to receive a certain portion of the profits.”[2]

Sixty years later, in 1895, Iowa’s Governor William Larrabee wrote on how the system had been perfected (largely by the railroad robber barons): “Outright bribery is probably the means least often employed by corporations to carry their measures. … It is the policy of the political corruption committees of corporations to ascertain the weakness and wants of every man whose services they are likely to need, and to attack him, if his surrender should be essential to their victory, at his weakest point. Men with political ambition are encouraged to aspire to preferment, and are assured of corporate support to bring it about. Briefless lawyers are promised corporate business or salaried attorneyships. Those in financial straits are accommodated with loans. Vain men are flattered and given newspaper notoriety. Others are given passes for their families and their friends. Shippers are given advantage in rates over their competitors. The idea is that every legislator shall receive for is vote and influence some compensation which combines the maximum of desirability to him with the minimum of violence to his self-respect. … The lobby which represents the railroad companies at legislative sessions is usually the largest, the most sagacious and the most unscrupulous of all. … Telegrams pour in upon the unsuspecting members. … Another powerful reinforcement of the railroad lobby is not infrequently a subsidized press and its correspondents.”          

 Gustavus Myers’ History of the Great American Fortunes (1936, pp. 218ff.) gives the details of this and other frauds that have shaped American history. The moral is that great gifts to insiders have effects that will last centuries. That is what is being threatened today with Mr. Paulson’s “clean” giveaway to his Wall Street clients.           

The moral is that there is a great danger in having a Treasury Secretary represent insider financial interests rather than the national interest.  

NOTES

[1] Myers History of the Great American Fortunes (New York 1936):216ff. and 1912:181-84, 258-64, Brunk 1927:147f., and Chandler 1945:388f., drawing on Senate Docs., 18th Cong., 2nd Sess., Vol. II, Doc. No. 14, and Sen. Docs., 24th Cong., 1836-37, Vol. II, Doc. No. 212, and Wheaton’s Reports, Supreme Court, IV, 255). See also Albert James Pickett, History of Alabama (to 1851), (Sheffield: 1896).

[2] Senate Docs., 23rd Cong., 2nd Sess. IV, Doc. No. 151 (March 3, 1835), cited in Myers 1936:218.

The Savings & Loan Crisis


  • INSIDE JOB: The LOOTING OF AMERICA'S SAVINGS AND LOANS. Steve Pizzo et.al., McGraw Hill, 1989.
    Also in paperback. Colorful account of the crime and sleeze of the S&L losses.
  • THE MAFIA, CIA & GEORGE BUSH. Pete Brewton, SPI Books, 1992.
    Argues the CIA looted S&Ls to pursue its secret ventures, documents interconnections among top politicians, criminals and bureaucrats. Chilling.
  • LICENSE TO STEAL. Benjamin J. Stein, Simon & Schuster, 1992.
    The ugly truth about Michael Milken and S&Ls.
  • S&L HELL. Kathleen Day, W.W. Norton, 1993.
    Inside the politics of the S&L mess. Good bibliography.
  • THE GREATEST EVER BANK ROBBERY. Martin Mayer, Charles Scribner's Sons, 1990.
    Thorough background, insight into the origins of the S&L situation.
  • TRICK OR TREASON, THE OCTOBER SURPRISE MYSTERY. Robert Parry, Sheridan Square Press, 1993.
    Not about S&Ls but convincingly demonstrates how careerism among today's journalists has distorted and altered honest reporting. Disturbing book.
  • THE LAST STAND, THE WAR BETWEEN WALL STREET AND MAIN STREET OVER CALIFORNIA'S ANCIENT REDWOODS. David Harris, Times Books, a division of Random House, 1995.
    How Michael Milken and Charles Hurwitz of Maxxam destroyed California forests and lives using S&L money. Gripping.
    For an academic analysis of the Savings and Loan debacle and the lessons to be learnt see the books below.
  • THE S&L DEBACLE: Public policy lessons for bank and thrift regulation. Lawrence J. White. Oxford University Press, 1991.
  • BIG MONEY CRIME : fraud and politics in the savings and loan crisis. Kitty Calavita, Henry N. Pontell, Robert H. Tillman. Berkeley : University of California, 1999. 263 p. ISBN 0-520-21947-3.

LPS and DocX just the Teeny Weeny Tip 



can You Spell   RICO  REALTY a Government Orgy 

Frontline Gets Its Man: Lanny Breuer Leaves DOJ After Expose | PR Watch
www.prwatch.org
In a testament to the power of independent media, the award-winning public television show Frontline this week 



Dirt Dealing and Campaign Financing and  ORGANIZED CRIME ....Hello  US  DOJ  and  FBI  and  US  Treasury .....   
MERS and The  Boys  GOT A BIG  PROBLEM
From almost 13 Years ago I found an Old Version Cache and Archived ....http://web.archive.org/web/20011110142547/http://www.geocities.com/jurisnot/
Restoring The Bill of Rights One Website at a Time
web.archive.org
(May 26, 2000) I believe that very shortly I will be setup AGAIN on more Red Herring FALSE Charges by Local and Probably Federal Prosecutors. The reality of Retaliation and Persecution for revealing truth in America is all to real for myself, my children and Debra. Many, Many BILLIONS were looted ...   TRILLIONS  TRILLIONS  HAVE NOW BEEN LOOTED


Watch and Listen

In addition to Bank of America, Wells Fargo, Fannie Mae and Freddie Mac, MERS shareholders include the American Land Title Association, Chase Home Mortgage Corporation of the Southeast, CitiMortgage, Commercial Mortgage Securities Association, First American Title Insurance, GMAC Residential Funding, HSBC Finance, Mortgage Bankers Association, SunTrust Mortgage and AIG United Guaranty.

The chairman of MERS is Kurt Pfotenhauer, executive vice president and vice chairman of First American Title Insurance in Santa Ana, Calif. http://www.8newsnow.com/story/16046535/critics-claim-mortgage-tracking-system


THE INVESTORS IN MORTGAGE-BACKED TRUSTS
http://www.frauddigest.com/blog/
The 49 State AGs and the Feds have MASSIVE CONFLICTS OF INTERESTS
68. Investment banks invested heavily in mortgage-backed securities. Example: Merrill Lynch reported on January 17, 2008, an $8.6 billion net loss from write-downs on its subprime investments. ( Massive Risks to FDIC )

69. Pension fund managers, public and private, invested heavily in mortgage-backed securities. Ohio’s former Attorney General Richard Cordray filed 8 major lawsuits, and to date has recovered over $2 billion for Ohio pension funds.

70. Insurance companies were major investors in RMBS trusts. The National Association of Insurance Commissioners recently estimated that insurance companies have investments of half a trillion dollars in mortgage-backed securities.

71. Local governments, counties and municipalities invested heavily in mortgage-backed securities. THE FEDS Pensions Plans are Heavily Leveraged as well as ( ALL Federal Government and Unions and other Pensions Generally )

( Massive Conflicts and Appearance of Improprieties )


I've been Personally  Attacked  by  Former Friends and even Family ....   Hmmm well lets see what a few  Experts   Say ....

Sunday, September 16, 2012
     DOJ Admits To Banks Scare Tactics Stop Indictments

DOJ’s head of Criminal Division, Lanny Breuer has admitted in a speech he gave at the NYC Bar Association on Deferred Prosecution Agreements, that scare tactics used by the banks lawyers, CEOs and economists actually do stop his office from indicting them for the frauds committed upon American homeowners and taxpayers!

He stated: "the decision of whether to indict a corporation, defer prosecution, or decline altogether is not one that I, or anyone in the Criminal Division, take lightly. We are frequently on the receiving end of presentations from defense counsel, CEOs, and economists who argue that the collateral consequences of an indictment would be devastating for their client. In my conference room, over the years, I have heard sober predictions that a company or bank might fail if we indict, that innocent employees could lose their jobs, that entire industries may be affected, and even that global markets will feel the effects. Sometimes – though, let me stress, not always – these presentations are compelling".

Excuse me? An indictment would be devastating for their client? They've made 100's of billions of dollars on this huge ponzi scheme of foreclosure fraud! And how devastating is it to the homeowner who loses his home? But that doesn't seem to stop any kind of prosecution there!
Is it any wonder why the OIG won't go after the lenders who falsified loan paperwork that were sold to Fannie Mae & Freddie Mac that taxpayers money are on the hook for to the tune of $187 - $360 billion for, but are looking to "lock up" homeowners who have walked away from these fraudulant mortgages? (See my article on More Governmental Double Standards for full story). When you have the OIG who won't go after the bank crooks and the DOJ who won't indict them (in fact in his speech, he states how proud he is to how well his office has worked with them!), a congress & president who bails them out with taxpayers money and then the whole aforementioned system joining in with the court system to hunt down and prosecute homeowners and rubber stamp the banks claims, is it any wonder why people are losing their homes, businesses, livelihoods, families and sometimes their very lives?

Contributing editor for Rolling Stone magazine and author of the book, Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.


Why Mortgage-Backed Securities Aren't (Backed by Securities):  


                                          How MERS Toasted the Banks


In a series of pieces I have argued that MERS, a creation of the mortgage banking industry, has effectively destroyed the institution of private property in America. Ironically, MERS was created to facilitate quick and easy and cheap securitization of mortgages -- what are called mortgage-backed securities. In fact, what it did was to eliminate any backing of the securities by mortgages. Of the total securitized asset universe, something like $7 trillion are (supposedly) backed by residential mortgages. However, MERS helped to delink the securities from the mortgages. At best, they are unsecured debt -- there is no property backing the securities. What this means is that foreclosure is not permitted. As I have said before, it is likely that most or even all foreclosures occurring in the US are illegal seizures of property -- home thefts. We are talking about 100,000 completed home thefts per month, with another 250,000 new foreclosures started to steal homes every month. Projections are that 13 million homes will have been "foreclosed" (read: stolen) by 2012.Worse, from the perspective of the banks, they've got to take back all the fraudulent MBSs, most of which are toxic.

In what follows I want to present the most favorable case for the mortgage industry. That is to say, I will ignore fraud and criminal conspiracies. Let us look at the current predicament as if it resulted from a series of monumental errors. With that in mind, what is the best-case scenario? First a caveat: I am not a lawyer nor am I an investigative reporter. I have relied on my perusal of reported evidence, plus a discussion with James McGuire who has put together an entirely convincing argument that the securitizations of mortgages resulted in securities that are not backed by mortgages. I urge interested readers to go to his website.

With that caveat, let us work through the problems now facing the banks.

1. A valid "mortgage" requires a ("wet signature") note and a security instrument; these must be kept together, and any subsequent transfer of lien rights to the security instrument must be recorded at the appropriate public office. The mortgage note must be properly indorsed each time the mortgage is transferred. In the era of securitized mortgages this can be a dozen times or more. If ever presented for foreclosure, endorsements should demonstrate a clear chain of title, from origination through to foreclosure; and this should match the records at the public office. 

2. MERS intended to provide an electronic registry of all mortgages. By appointing a "vice president" in every financial firm, it believed that all transfers of lien rights among these firms were "in house". Hence it operated on the belief that no subsequent public recording was necessary, and no further endorsement of the mortgage note was necessary for in-house transfers of the payment intangible as it kept a record of transfers of the mortgage. It claimed to be a nominee of these firms (purported to hold the mortgage) but also to be the holder of the mortgages including the "Unidentified Indorsees In Blank" -- mortgages that were never properly endorsed over to purchasers. We know, however, that MERS recommended that mortgage servicers retain notes, so MERS's claim to be the holder rests on its claim that appointed VPs are employees. But these employees are not an agent/employee of the "Unidentified Indorsee In Blank", nor are they paid by MERS or in any way supervised by MERS. 

3. This practice is in violation of numerous laws. Property law requires filing sales in the public record. Notes must be affixed (permanently) to the security instrument -- a mortgage without the note has been ruled a "nullity" by the Supreme Court. MERS's recommended business practice (with the servicer retaining the note) would make the mortgages a "nullity". A complete chain of title is required to foreclose on property -- every sale of a mortgage must be endorsed over to the purchaser, and properly recorded. Without this, it is illegal to foreclose on property -- no matter how many payments the homeowner has missed.

4. However, if the notes can be found and if MERS can provide records, it is possible that the mortgages can be made valid ("proved up") for purposes of collecting upon the indebtedness, but foreclosure would not be possible without a valid continuous perfected mortgage showing a chain of title from origination through to the current party trying to enforce the mortgage note. Any break in the chain of endorsements along with any break in the chain of title renders the Power of Sale clause in the security instrument to be a nullity and therefore no party can foreclose on the real property. So long as there is no fraud affecting the mortgage note, then rights to enforce the indebtedness can be further negotiated. If there is no break in the chain, when fraud is shown affecting the security instrument (such as robo-signers, etc), this does not affect the rights to enforce the mortgage note -- but such fraud will affect the validity of the security instrument perhaps making foreclosure impossible. Fraud affecting the mortgage note would affect the right to foreclose. 

5. If the notes cannot be found and a Lost Note Affidavit can not reestablish the indebtedness, then foreclosure is not possible and collecting of the indebtedness is also not possible. Homeowners still can be sued for collection of owed moneys upon a "proved up" note or lost note affidavit but a current perfected lien is required to foreclose. 

6. However since the mortgage-backed securities are governed by PSAs (pooling and service agreements), the practices above make the securities unsecured debt and there is no solution. The securities are no good. (This would be a Representation & Warrant violation as the MBSs stated that a secured indebtedness was to be purchased, but since the Trustees of the securitization would not have the notes, the securities cannot be "secured".)

What does all this mean? In plain simple language, the banks are royally screwed. They cannot foreclose on the properties. Holders of the "mortgage-backed" securities can turn them back to the banks because they are actually unsecured debt. In previous pieces I have also explained why MERS's recommended practice also violates US tax code -- so back taxes are owed. And we know that the mortgages stuffed into the securities did not meet the "reps" of the PSAs.

So, in short, banks have got to take the whole lot of toxic waste securities back. Trillions of dollars worth. The banks are toast. There is no cooking of the books that will turn this blackened toast back to bread.

This post first appeared at Benzinga.


Yeah The Houston Chronicle is Nuts and Full Of Shit To Right   FBI ....  Maybe The  FBI Is  Full Of  Shit


Professor William Black-We've Decriminalized Fraud.

http://usawatchdog.com/ Professor William Black is a former bank regulator and p...

SCREW'EM ALL ..... 




THE SCENE OF THE CRIME
Any Contract ...  Hello  ANY .... Any Contract "OF" Sale
The  Grand Prestige
How The Texas Authorities  Covered Up For The  Billions and Billions in Frauds and Helped the Criminals Get Away

Real estate contract - Wikipedia, the free encyclopedia

en.wikipedia.org/wiki/Real_estate_contract
real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is ...

Austin Texas May 19th 1931

Texas Legislature - House Bill 473 - By Wenert et al

Passed 31 ayes to O nays

HB 473 - Section 3 The fact that many parties have delivered to purchasers
deeds and contracts to real estate described according to some subdivision or
resubdivision when in fact no such subdivision or resubdivision was of record
then or thereafter resulting in great confusion of titles and fraud to
purchasers, and the fact that such practices will continue unless prohibited,
creates an emergency and an imperative public necessity that the Constitutional
Rule requiring bills to be read on three several days in each House be
suspended, and said rule is hereby suspended, and that this Act shall be in
effect from and after its paaasge, and it is so enacted.

Witnessed by Edgar Witt President of the Senate

Sent to Enrolling Clerk May 19th 1931

contracts to real estate unambiguously and in plain English means ANY and ALL or
Every Contract

The Cardinal Rule Of Statutory Interpretation applies and If Properly Parsed and
ALL words within the enactment are given the ordinary meaning

Texas Penal Code 1137h and Article 6626c et al APPLY to ALL CONTRACTS TO REAL
ESTATE

---------------------------------

Article 6626c, V.T.C.S. The provision provides:

Section 1. No party shall file for record or have recorded in the official
records in the County Clerk's office any map or plat of a subdivision or
resubdivision of real estate without first securing approval therefor as may be
provided by law, and no party so subdividing or resubdividing any real estate
shall use the subdivision's or resubdivision's description in any deed of
conveyance or contract of sale delivered to a purchaser unless and until the map
and plat of such subdivision or resubdivision shall have been duly authorized as
aforesaid and such map and plat thereof has actually been filed for record with
the Clerk of the County Court of the county in which the real estate is
situated.

Sec. 2. Any party violating any provision of Section 1 of this Act shall be
guilty of a misdemeanor and upon conviction thereof shall be fined in a sum not
less than Ten Dollars ($10.00) nor more than Five Hundred Dollars ($500.00), or
confined in the county jail not exceeding ninety (90) days, or both such fine
and imprisonment, and each act of violation shall constitute a separate offense,
and in addition to the above penalties, any violation of the provisions of
Section 1 of this Act shall constitute prima facie evidence of an attempt to
defraud. (Emphasis added).

This article was transferred from article 1137h of Vernon's Penal Code by
authority of section 5 of Acts 1973, 63rd Leg., ch. 399, at 995, enacting the
new Penal Code. A person may be prosecuted under article 6626c, V.T.C.S., in two
separate circumstances. First, for the act of recording, and secondly, for the
act of selling property making a reference to an unrecorded map or plat. 
In Attorney General Opinion M-390 (1969), this office held that the second
circumstance makes a misdemeanor offense of a conveyance by a subdivider where the property description depends for its location upon reference to a subdivision plat which has not been duly authorized as provided by law and/or has not been filed for record. Use of the subdivision description is not cured by additional metes and bounds descriptions, which in themselves must rely upon the unrecorded plat for location of the property on the ground. (Emphasis added).


Former Texas Penal Code 1137h was the Codification of HB 473 of May 19th 1931
the Texas Legislature was reacting to the MASSIVE Bank and S&L Lootings and
Failures associated with MASSIVE TEXAS Land FRAUDS of the 1920s. (These Massive
Land Schemes also were rampant in FLORIDA during the same period. The FHLBB 
and Later HUD enacted the Land Sales Registration Act Texas AG Greg Abbott 
READ SECTION 3 of HB 473

WHAT  is the Difference Between  OF   and   FOR   ?????

  1. Contract of sale - Wikipedia, the free encyclopedia

    en.wikipedia.org/wiki/Contract_of_sale
    A contract of sale is a legal contract an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed ...
  2. Contract for sale - Cornell University

    www.law.cornell.edu/ucc/2/2-106.html
    "Contract for sale" includes both a present sale of goods and a contract to sell goods at a future time. A "sale" consists in the passing of title from the seller to the ...
  3. How to Draw Up a Sales Contract | Chron.com

    smallbusiness.chron.com › Running a Business › Sales
    A sales contract is a legal document that outlines the obligations of both buyers and sellers during a transaction. Sales documents are important not only in the ...
  4. [PDF] 

    Contract for Sale of Goods - Entrepreneur.com

    www.entrepreneur.com/.../images/.../contract_for_sale_of_goods.pdf
    File Format: PDF/Adobe Acrobat - Quick View
    Contract for Sale of Goods. This Contract for Sale of Goods is made this __ day of ______, 20__ by and between. ______, a [STATE OF ORGANIZATION OR ...
  5. [PDF] 

    355.2-725 Statute of limitations in contracts for sale. (1) An action for ...

    www.lrc.state.ky.us/krs/355-02/725.PDF
    File Format: PDF/Adobe Acrobat - Quick View
    355.2-725 Statute of limitations in contracts for sale. (1) An action for breach of any contract for sale must be commenced within four (4) years after the cause of ...
  6. What is contract of sale? definition and meaning

    www.businessdictionary.com/definition/contract-of-sale.html
    Definition of contract of sale: Formal contract by which a seller agrees to sell and abuyer agrees to buy, under certain terms and conditions spelled out in writing ...
  7. What the sales contract includes - Boston.com

    www.boston.com/realestate/guides/selling/salescontract/
    15+ items – real estate, home contract, home sales contract.
    Mortgage ContingencyStates that the sale is subject to the buyer obtaining a ...
    DepositHow much money accompanies the contract and who ...
  8. Quicklaw - Legal Information - Preparing the Contract of Sale

    www.quickconveyancing.com.au/legalinformation/.../1b_preparing.a...
    There is complex legislation in force in NSW requiring vendor disclosure in any contractfor the sale of residential property (including strata units). The purpose of ...
  9. How do I Write a FSBO Contract? | Home Guides | SF Gate

    homeguides.sfgate.com › Selling Real Estate › For Sale By Owner
    The only difference between a FSBO--meaning "for sale by owner" and often ... All the normal requirements and laws for writing a purchase contract apply.
  10. Essentials of a valid Contract of Sale, Elements of a valid contract

    iamsam.hubpages.com › ... › Law and Legal Issues
    Jul 2, 2012 – Some essential elements are to be present in a contract which makes thecontract of sale valid. If, the essential elements are missing, then the ...



The  Fact Is ....   

The  American  People  Have  Been  Legitimately  RAPED 


Americans Polled: Which is more important to you and your family? Understanding the fraud and waste by our government regarding wall street criminality or how do you like the Little Mermaids new boob-job?  http://www.huffingtonpost.com/william-k-black/the-two-documents-everyon_b_169813.html
The Two Documents Everyone Should Read to Better Understand the Crisis
www.huffingtonpost.com
The FBI identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.





Fact Is These Realty Based CONS have been making Government Insiders and their Campaign Supporters Filthy Rich for Decades  Care To Debate It Eric Holder .... How about you Robert Mueller .... Timmy Geitner,  Paulson, Greenspan, Snow,  How about it Bill and Hillary and what Like George Sr and Jr and gee lets see  Barrack Obama .... Care To Discuss it on National Television ????


INSIDE JOB
 
 Make sure this developer is telling the truth and not giving false promises," Farrell said. "We find some developers will go from subdivision to subdivision wreaking havoc; and when they get their money, they will go on to another one. Montgomery County has been a sore spot in the past, no doubt about it. There have been serious problems and complaints coming from that county." 





 TRILLIONS LOOTED  
THE  SubSlime REALTY OF IT  


RICO REALTY and the ENTERPRISES 

“The individual is handicapped by coming face-to-face 

with a conspiracy so monstrous he cannot believe it exists.”

– J. Edgar Hoover


Bank Scandal Turns Spotlight to Regulators 

Prof. Bill Black - Financial crisis probe, prosecution failure - Fire Summers, Geithner, Holder 
https://www.youtube.com/watch?v=14C_QvdD1kg
Nomi Prins on Derivatives, Banking Mafia and the Goldman Boys Club (11/29/11) 
https://www.youtube.com/watch?v=5YrdNwLgnTk
National Mortgage Settlement: Wow! Guess What? The Banks Just Screwed You Over Again! 
http://www.youtube.com/watch?v=0YyUNbZn6Es
Max Keiser takes offense to Goldman Sachs story (pt1 of 2) 
https://www.youtube.com/watch?v=VSwWy4E6I04
We Now Have A Total Gangster Government 
https://www.youtube.com/watch?v=thR-lVuztIY
Banksters have now scored heroin of proprietary trading Thom Hartman 
https://www.youtube.com/watch?v=iqCQvOwUPxI&feature=results_main&playnext=1&list=PL060D424926A43173
Why Isn't Wall Street In Jail? Matt Taibbi w/ Cenk on MSNBC 
https://www.youtube.com/watch?v=eg3b6_6xlAs&feature=fvst
Obama: Wall Street Did Nothing Illegal 
https://www.youtube.com/watch?v=tUBUw3e2Gk4
Nomi Prins: Banks are like "Government-Sponsored Mafias" 
https://www.youtube.com/watch?v=Wvy9GehV_J0
Journalist Nomi Prins Reports on Jon Corzine Congressional Testimony Over MF Global Collapse 
https://www.youtube.com/watch?v=bazOOph2fJ0



WAKE UP AMERICA


Land Flipping, Dirt Dealing, Subprime Loan Sharking .... Trillions Missing
  The ART OF THE CON  
For All Must See The Truth 


[PDF] 
aging.senate.gov/publications/1161963.pdf
File Format: PDF/Adobe Acrobat - View as HTML
"Beware the Ranchero Racketeer," by Paul Friggins, in the Reader's. Digest, January 1963 --------------------------. 202. "I Dreamed I Retired on My 5-Acre Rancho," ...

Beware Of The Subprime (Ranchero)  Racketeers 
(and their Banksters and Title People and Contractors, Lawyers and Loan Servicers)
The HEART of Subprime   REALTY   Fiascos  


Listen To This FHA / HUD Director



Cries of forgery and fraud fly as well-connected Dem bigwigs see their land deals fizzle SUN 01/17/1988 HOUSTON CHRONICLE, Section 1, Page 1, 2 STAR Edition

  The  REALTY of Subprime  
 Not Just Pinewood Village Huh Fellahs 

Intertec: Big dealsbig names and very big problems/Cries of forgery ...

www.chron.com/.../intertec-big-deals-big-names-and-very-big-probl...
Intertec: Big dealsbig names and very big problems/Cries of forgery and fraud fly as well-connected Dem bigwigs see their land deals fizzle 








If Holder and Mueller actually start investigating the CRIMINALS that robbed the Country it 

leads to the  Donations that finance their Political CRONIES Pay Checks.  Campaign Financing 

with Stolen TRILLIONS CRIMINAL CAMPAIGN FINANCIERS are being allowed off the hook,  \

Policy of Corruption .... RICO  and Mispressions of MILLIONS of Felonies,  The Financial Crimes 

Investtgation Task Force WHAT A FILTHY JOKE


The  USA  Inc.  Feds  Sure Did a Great Job Huh ... How Many Trillions Got  Looted .....  
Financial Crimes Task FARCE ...  What a lousy Joke Holder & Obama ..  What  a Joke  Eric Sniederman

Abbott is always asked by Costello .... 
BUT Where Did the Trillions Go ? 


Who's Pockets are Full ?


The Congress .. DOJ .. FBI the Treasury etc etc In It Up To Their Eyeballs

I have been Revealing These Facts for 30+  Years

FACT IS.... The Government's Finger Prints are Everywhere as are those of their CONTRIBUTORS....
 The EVIL DONATORS and their Political Allies are the 
CRIMINALS , The Perps...




It's the Subprime Criminals that were the Thieves during the 1970s and 1980s  IN FACT all these Land 

Scammers are at the Heart of today's  MORTGAGE Gate and Foreclosure Gate ...  God Damned FBI 

and Secret Service  are as DIRTY as DIRTY Can Be ....  Hello BOIZ  you remember all Those Illegal 

Land Developments and the Conroe Courier, Lucy Proctor , Dean Couch, and Eagle Title  

Griffin Abstract and all those Colonias and Unrecorded Land Developments 






Yoohoo Hey Hello ...... Anonymous Occupy This a While .... Financial Crimes Investigation Task Force WHAT A LOAD OF CRAP .... The FBI, Secret Service and the Jack Ass in the ORAL Office are Full of CRAPhttps://sites.google.com/site/thewesternbankamericantitle/home 

Judson Witham ..... Imagine That ..... 

http://www.nakedcapitalism.com/2012/04/schneiderman-propagandist-confirms-report-of-lack-of-staffing-for-mortgage-fraud-task-force.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29&utm_content=Google+Feedfetcher

Financial Coup D' Etat Really .... Trillions Missing 
I wonder who has been Fanning The Fire Since 1981 ????
http://www.bing.com/search?q=Judson+Witham+Financial+Coup+D%27+Etat&go&qs=n&form=QBRE&pq=judson+witham+financial+coup+d%27+etat&sc=1-36&sp=-1&sk

Seems The Realty MAFIAs and the Banksters Been using DIRT DEALING for a long long long long Time ... Hmmm Gee Maybe Judson Witham Was Right 

MISSING TRILLIONS Really
I Am Judson Witham I Approve This Meassage

http://www.bing.com/search?q=Judson+Witham+Bank+Looting+Subprime+S%26L+Scandal+Colonias&go&qs=n&form=QBRE&pq=judson+witham+bank+looting+subprime+s%26l+scandal+colonias&sc=0-0&sp=-1&sk

Red Flags = Ghosts = Wildcat  = Paper = Illegal Subdivisions = Colonias
These Land Frauds and Financial Crimes Have Been Going on Interstate for DECADES .... HELLO

He's Joking Right ...
 
The Prosecutions should have been aggressively pursued From The Very Start what a Pile Of Money CRAP

"It was wrong," Obama said, referring to the financial impropriety leading up to 2008. 
"It was irresponsible. And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag."


DID SOMEBODY SAY ROBO SIGNING DOES NOT EXIST and that MERS IS A DIGITAL NIGHTMARE Hmmm
FORGED PHOTO SHOPPED FAKED COUNTERFEIT  PAPERS

The DOJ and FBI Know This Bull Shit Has Been Going On For DECADES .... who in the Hell Do They Think They are KIDDING .... 


http://www.ritholtz.com/blog/2011/12/clouded-title-the-gross-illegality-of-mers/

Red Flags = Ghosts = Wildcat  = Paper = Illegal Subdivisions = Colonias

These Land Frauds and Financial Crimes Have Been Going on Interstate for DECADES .... HELLO

He's Joking Right ... The Prosecutions should have been aggressively pursued From The Very Start what a Pile Of Money CRAP

"It was wrong," Obama said, referring to the financial impropriety leading up to 2008. "It was irresponsible. And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag."

The DOJ and FBI Know This Bull Shit Has Been Going On For DECADES .... who in the Hell Do They Think They are KIDDING .... WHAT A LOAD OF BS


R.V.  King's mess  -  La Cour Du Roi, Inc. v. Montgomery County Texas 698 S.W.2d 178 Tex.App. Beaumont 1985 ….. The defendant's attorney stated that there were 500 unrecorded subdivisions in Montgomery County and that people who lived in some of these unrecorded subdivisions wanted better roads and maintenance.  La Cour Du Roi, Inc. v. Montgomery County Texas 698 S.W.2d 178 Tex.App. Beaumont 1985......Du ROI urged that its rights had been violated, arguing that it had been singled out for unfair treatment. We think these issues were not adequately developed.....  There was more than a scintilla of evidence to show that the father of a county-wide elected official was alleged to have developed an unrecorded subdivision as well as the husband of the secretary of the elected official.



The Continuing Twisted Saga Of The Looting Of America - The Never Ending Story

The Great American Bank Job 
The SubPrime Mortgage - Real Estate Fraud - Bank Looting -   Wall Street Shuffle  
 The SubPrime Mortgage Tango 
Campaign Funding and the Buying Of The White House
The Congress and the Justice Department 
HOW THE GOVERNMENT HAS BEEN BOUGHT OFF
Fast and Loose Huh Fellahs - Good Fellahs


Ben Try and Look Innocent Like Hank - Dam It Ben Stop Looking so GUILTY




 See The Current TV News Release HERE

Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.

The federal government, as has been widely noted, has pressed few criminal cases against major lenders or senior executives for the events that led to the meltdown of 2007. Finding hard evidence has proved difficult, the Justice Department has said.

The government also hasn't brought any prosecutions for dubious foreclosure practices deployed since 2007 by big banks and other mortgage-servicing companies.

Read The Complete Article



Imagine That Western Bancorporation and First Interstate all Connected to Wells Fargo, Wachovia, CITI, PNA, Lehman, Goldman Sachs, Countrywide, Fannie Mae, Freddie Mac and on and on and on First American Title Insurance and PINEWOOD VILLAGE and Gee Wiz the Current Wall Street Sub Prime FIASCO


The Con has been encouraged and COVERED UP by the Industry and Government for many decades

 



 



He has lawsuits against the subdivision's former financier, Western Bank on Westheimer; one against the county, its commissioners and county attorney; and another against American Title Insurance Co. whose licensed agent, the now defunct Eagle Title Co., issued title opinions on the land.  Witham accuses the county of turning its head from developers who skirted county subdivision regulations, a claim that has put him at odds with several Montgomery County office holders. ' Witham claimed. "I've done what I've had to to get my point across."  During a 1986 session of Commissioners Court, Witham plopped a jar of water in front of commissioners, challenging them to a "not so refreshing drink fresh from a Pinewood Village tap."  He exhibits pictures of potholes in Pinewood Village, their widths and lengths duly noted.  "He definitely fans the fire. He keeps it going day and night," said the subdivision's developer Donald Clesson. He added that he doesn't always appreciate the manner in which Witham draws attention to the subdivision.  County officials agree. "I feel sorry for his situation, but he goes about things the wrong way. He wants to blame everything on the county and that's not where the fault lies," said a county official, who requested anonymity. 

 

Counters Witham: "I've had a hell of an education and made my mistakes. But my only motivation is putting a stop to Pinewood Villages.


I don't think it's right for anyone to be defrauded, especially in the purchase of a family home.    That's the sanctity of the family.    It's like people stealing candy from babies."


LAND FRAUD SPECULATIONS AND BANK/S&L/ CRIMES CORRUPTION ON STERIODS


The Paper Land Con - Land Speculation - Paper Land Development and ...

Jul 19, 2009 ... Expose' on Massive Bank, S&L, Mortgage and Wall Street Crimes. 
https://sites.google.com/site/.../Home/the-paper-land-con - Cached

FDIC: 903 banks in trouble. What to do ...
by Martin D. Weiss, Ph.D.

Just this past Friday, the government released new data showing that the FDIC's list of "problem banks" now includes 903 institutions.

That's ten times the number of bad banks on the FDIC's list just two years ago.

The banks on the list have $419.6 billion in assets, or SIXTEEN times the amount of two years ago.

And yet, these bad banks are ...

Just the Tip of the Iceberg!

How do we know?

Because the FDIC has consistently neglected to include the most endangered species on its list of problem institutions — the nation's megabanks that are among the shakiest of all.

The FDIC doesn't reveal the names of the banks on its list — just the number of institutions and the sum total of their assets.

Still, I can prove, without a shadow of doubt, that the FDIC's list of problem banks is grossly understated and inadequate.

Consider what happened on September 25, 2008, for example.

That's the day Washington Mutual filed for bankruptcy with total assets of $328 billion.

But just 30 days earlier, according to the FDIC's own press release, the aggregate assets held by the 117 banks on its "problem list" were only $78 billion.

In other words ...

Washington Mutual alone had over FOUR times the sum of ALL the assets of ALL the banks on the FDIC's list of problem banks!

Obviously, Washington Mutual was not on the FDIC's list.

Obviously, the FDIC missed it. Completely.

Also not on the FDIC's list: Citicorp and Bank of America, saved from bankruptcy with $95 billion in bailout funds from Congress. Just these two banks alone had over FORTY-SEVEN times more assets than all of those the FDIC had identified as "problem banks."

Some people in the banking industry seem to think the FDIC can be excused for missing the nation's largest bank failures for the same reason that blind men groping in the dark can't be blamed for missing an elephant in the room.

But the fact is that the FDIC even missed the failure of a relatively smaller bank: IndyMac Bank.

When IndyMac failed in July 2008, the 90 banks on FDIC's "problem list" had aggregate assets of $26.3 billion. But IndyMac alone had $32 billion in assets. Evidently, even IndyMac was not on the FDIC's radar screen.

This is ...

Easily One of the Greatest
Financial Scandals of Our Time

The FDIC's problem list is supposed to guide banking authorities in their efforts to protect the public from bank failures. If the FDIC is missing all the big failures, where does that leave you and me?

Heck — it's bad enough that they refuse to disclose the names of endangered banks. What's worse is that they're hiding the truth from their own eyes.

And with so many misses so evident, you'd think they would have changed their ways by now.

Not so.

Even as I write these words to you this morning, banking authorities are AGAIN failing to recognize, analyze, scrutinize, or tell the public about the real impact of the most intractable disaster of this era:

Major U.S. Banks Still Extremely
Vulnerable to the Foreclosure Crisis

Here are the facts ...

Fact #1. JPMorgan Chase, Wells Fargo Bank, and Bank of America each have more than $20 billion in single-family mortgages that are currently foreclosed or in the process of foreclosure.

Fact #2. Each bank has at least DOUBLE that amount in a pipeline of foreclosures in the making — $43 billion to $55 billion in delinquent mortgages (past due by 30 days or more).

Naturally, not all of the past-due loans will ultimately go into foreclosure. But these figures tell us that the biggest players are not only in deep, but could sink even deeper into the mortgage mayhem.

Fact #3. Combining the foreclosures and delinquent mortgages into a single category — "bad mortgages" — the sheer volume still on their books is staggering:

  • JPMorgan Chase (OH) has $65 billion in bad mortgages ...
  • Wells Fargo Bank (SD) has $68.6 billion, and ...
  • Bank of America (NC) has $74.9 billion.

Fact #4. The potential impact of these bad mortgages on the bank's earnings, capital — AND SOLVENCY — is dramatic. Compared to their "Tier 1" capital ...

  • SunTrust (GA) has 57.6 percent in bad mortgages ...
  • Bank of America has 66 percent in bad mortgages ...
  • JPMorgan Chase has 66.8 percent, and ...
  • Wells Fargo has 75.4 percent.

Tier 1 capital does not include their loan loss reserves. But even if you included them, the exposure is still huge.

Moreover, this data is based on the banks' midyear reports. Since then, we believe the situation has gotten worse.

And these numbers reflect strictly bad home mortgages! It does not include bad commercial mortgages, credit cards, construction loans, business loans, and more.

Here's the key: Based on their size alone, we KNOW that none of these giant institutions are on the FDIC's list of "problem banks."

Yet they are all definitely WEAK, according to our Weiss Ratings subsidiary, the source of this analysis on bad mortgages.

Moreover, "weak" means "VULNERABLE," according to the analysis of the Weiss ratings provided by the U.S. Government Accountability Office.

To help make sure your money is safe, I have four recommendations:

Recommendation #1. Don't keep 100 percent of your savings in banks. Also seriously consider Treasury bills — bought through a Treasury-only money market fund or directly from the Treasury Department.

Don't be put off by their low yield. The primary goal of this portion of your portfolio should not be the return on your money. It's the return OF your money.

Recommendation #2. The only real risk in holding U.S. Treasury bills is the likelihood of a falling U.S. dollar. But don't let that alone prompt you to run away from safe investments and rush into high-risk investments. Instead, stick with safety and protect yourself from a dollar decline SEPARATELY, with hedges against inflation, such as gold.

Recommendation #3. For checking accounts, money market accounts, and CDs that you have in a bank, be sure to keep your principal and accrued interest under the FDIC's insurance limit of $250,000.

Recommendation #4. Given the magnitude of the potential crisis ... given the limited resources of the FDIC ... and in light of the strong anti-bailout sentiment of the new Congressional leadership ... I feel you must not count exclusively on the FDIC or any government entity to guarantee your savings.

 

 

 
     
    "It triggered the recession," he said. "It's what suffocated the job market and robbed trillions of dollars of people's savings -- trillions."
     
    BANK LOOTING AND LAND FLIPPIN DAISY CHAINS
    HOW WALL STREET WAS ROBBED FROM THE INSIDE AND LOTS MORE
    Can You Say Flim Flam
    How FAKE PAPER WORKS - PONZI 101
    To: PublicRelations@ThePatrickHenryCaucus.org
    http://www.globalsecuritieswatch.org/DOJ_Antitrust_Complaint

    Try telling all the Gun Owners In America they have to turn in their Real Guns ..... for Paper Ones

    No State -  NONE OF THEM

    Art 1 Section 10  US Const - Powers prohibited of States

    No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainderex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

    ONE MASSIVE PONZI CON

    Wall Street's Bailout Hustle

    CIA and THE SWISS BANKSTERS STRIKE AGAIN ... ANDREW CUMO ... "THE USB - TEXAS - Goldman Sachs - MORGAN STANLEY MOB"
     
    Dedicated To US Postal Inspection Service / FBI / DOJ  and The US Secret Service 
    Hello Agent Rick Williams
    Lawsuit filed as officials say upscale colonia in Upper Valley is illegal ... The POSTAL ASPECTS ARE MAIL FRAUD AS WELL AS RACKETEERING AND CRIMINAL FINANCIAL FRAUD.... Exactly Like Pinewood Village and Montgomery County's Mess  Hello Nelda Blair Jim Dozier, David Walker, Frank Bass and Peter Spears .... Seems LUCY PROCTOR's Source was RIGHT ON THE MONEY

    Author:    Stephanie Sanchez / El Paso Times

    Date: October 16, 2009 

    Publication: El Paso Times (TX) 

    EL PASO -- A lawsuit filed last week alleges that four El Pasoans created a small colonia in the Upper Valley, ringed by an expensive rural area with horses, orchards and fancy homes, officials announced Thursday.

    Texas Attorney General Greg Abbott and El Paso County Attorney Jose R. Rodreguez filed the suit on Oct. 9.
    This colonia, however, is not an impoverished neighborhood. It is an upper-scale subdivision with each lot, from one to two acres, selling for a little more than...


    Oh Yeah and Team Stuart
     
     
    DEAR US SECRET SERVICE "AGENT RICK WILLIAMS"  REMEMBER WESTERN BANCORPORATION OLD BUDDY
     
    The 2,300-page bill aims to address regulatory weaknesses blamed for the 2008 financial crisis that fueled the worst recession since the 1930s.
     
    Land Speculation Cons AMERICAN STYLE


    US and State GUVMINTS  WAS "IN ON IT" FROM THE VERY START
     
     
    Illegal settlements are started by unscrupulous land developers in league with corrupt government officials.
    http://www.unescap.org/huset/land_policies/index.htm#_1_20

    ILLEGAL SUBDIVISION RED FLAGS For more information on how to identify illegal subdivisions, contact Roy Tanney, Assistant. Commissioner of Development Services and Investigations, .. www.aaronline.com/documents/RedFlags.pdf - Similar

    see..... http://books.google.com/books?id=ASCPXU6LxW0C&lpg=PA76&ots=FUhLV91xb_&dq=Texas%20illegal%20subdivision&pg=PA76#v=onepage&q=Texas%20illegal%20subdivision&f=false


    ILLEGAL SUBDIVISION RED FLAGS These “Red Flags” do not necessarily mean you are dealing with an illegal subdivision. However, many illegal subdivisions do have more than one of these ... www.re.state.az.us/DEV/.../Illegal_Subdivision_Red_Flags.pdf - Similar -

    Info ADRE Utilizes to Conduct an Investigation - Sep 29 File Format: PDF/Adobe Acrobat - Quick View Illegal Subdivisions . “Subdivision” or. “Subdivided Lands” means improved or unimproved land or lands divided or proposed to be divided for the purpose .. www.re.state.az.us/DEV/.../Illegal_Subdivision_Brochure.pdf - Similar -

    St. Lawrence County Planning Office - Articles - Jason Pfotenhauer Is your municipality having problems with illegal subdivisions? It has recently come to the attention of St. Lawrence County planning officials that some ...
    www.co.st-lawrence.ny.us/Planning/SLCPOAJP.htm - Cached - Similar -

    Cracking down on illegal subdivisions – Is it working? - Phoenix ... A loophole in the law is costing you hundreds of millions of dollars. www.abc15.com/...illegal-subdivisions.../OA6dEcu6kUyljPtPTPqPJA.cspx -
    Cached - Similar -

     
    IT'S ALL IN THE REALTY "REMOVED FROM THE TAX ROLLS"  AND GIVEN "TAX EXEMPT" S TATUS ... HELLO THE PUBLIC ROWS !!   JW
     
    THE LAND SPECULATORS AND BANKSTERS .... IN BED WITH THE GOVERNMENT

    Making Little Lots Out Of BIG Lots
    http://books.google.com/books?id=YF7NIA8zmbgC&lpg=PA110&ots=xr0lKiEpdH&dq=land%20fraud%2C%20FHLBB&pg=PA110#v=onepage&q=land%20fraud,%20FHLBB&f=false

    Dear US DOJ, FBI, US SECRET SERVICE
    Remember Western Bancorporation and the Clesson Land Investment Cons

    Hello Marcus Winberry, Montgomery County Texas, Nelda Luce Radabaugh Blair
    , Mr. Tim Molina TX AG's Office

    http://www.chron.com/CDA/archives/archive.mpl?id=1987_471171

    Morello is co-developer of Midline Estates, one of 600 unrecorded subdivisions that do not meet Montgomery County's specifications for roads and drainage. The land is swampy. Homes resembling shacks border its pothole-riddled dirt roads. Automobile parts and metal scraps litter the yards.

    http://www.chron.com/CDA/archives/archive.mpl?id=1987_471171


    1. History Colonias in Arizona and New Mexico - HUD Many Arizona cities and towns that are designated colonias have ... For example, Padre Ranchitos (a very poor, illegal subdivision of 119 people in Yuma ... www.hud.gov/local/shared/working/groups/.../history.cfm?... - Cached - Similar -

    2. Colonia (United States) - Wikipedia, the free encyclopedia Colonias are basically, from USA's point of view, illegal subdivisions created by rural settlers and are found near the U.S. - Mexico border. ... en.wikipedia.org/wiki/Colonia_(United_States) - Cached - Similar -

    3. Lawsuit filed as officials say upscale colonia in Upper Valley is ... Oct 16, 2009 ... Lawsuit filed as officials say upscale colonia in Upper Valley is illegal. ... It is an upper-scale subdivision with each lot, from one to two acres, ... Under a state law known as the colonia-prevention law, ... www.elpasotimes.com/ci_13573414 - Cached - Similar -

    4. EL PASO: Texas Colonias All indications suggest the number of colonias like Cochran and Dairyland will .... Cuadrilla, an illegal subdivision, stands no chance of getting water ... journalism.berkeley.edu/projects/border/elpasocolonias.html - Cached - Similar -

    5. Lawsuit Filed As Officials Say Upscale Colonia in Upper Valley is ... This colonia, however, is not an impoverished neighborhood. It is an upper-scale subdivision with each lot, from one to two acres, selling for a little more ... www.istockanalyst.com/article/viewiStockNews/.../3556237 - Cached - Similar -

    6. Colonias Development Council - About Us  In the late 1980s the colonia phenomenon exploded in southern New Mexico. A housing shortage had caused numerous developers to create illegal subdivisions ... www.colonias.org/about_us.html - Cached - Similar -

    7. Panoramic Views of Las Colonias  Even though colonias have gained much attention in the last several years, .... Because these illegal subdivisions were not approved by the county, ... www.txstate.edu/humanresources/lascolonias/panoramas.htm - Cached - Similar -

    8.  Colonias and public policy in Texas and Mexico: urbanization by ... - Google Books Result by Peter M. Ward - 1999 - Business & Economics - 287 pages Low-income citizens typically obtain land in one of two ways: illegal subdivision of private or ejidal land, and through invasion (of public, private, ... books.google.com/books?isbn=0292791259... 

    9. Colonias Along the United States/Mexico Border: The Issue and ... Second, it is perceived that all colonias are illegal subdivisions. Granted there are many subdivision size colonias that have been developed illegally, ... design.asu.edu/apa/proceedings01/STUDENT/wakef.htm - Cached - Similar -

    10. Desert Exposure July 2009 Colonias Development Council The Colonias Development Council helps border residents help themselves ... land to farm workers and other low-income people, creating illegal subdivisions. ... www.desertexposure.com/200907/200907_colonias.php - Cached - Similar -


    By 1765, according to one estimate, systematic smuggling, graft, extortion, and bribery in the colonies cost the British Treasury £700,000 a year. Attempts were made from time to time to clean things up, but defiant juries and mercenary judges--one of whom remarked "that in his opinion the Nicetyes of the Law ought not to be observed"--invariably got in the way.

    Still another source of political corruption in the colonies was the profitability of land speculation. Angling for a share of the apparently endless supply of American land, investors and politicians on both sides of the Atlantic left a trail of chicanery, inside dealing, favoritism, and outright theft that even now staggers the imagination. The "Walking Purchase" of 1737, by which Pennsylvania authorities tricked native peoples out of most of their lands west of the Delaware River, is only one of many scandalous examples. For suitable considerations, George Cornbury, sometime governor of New York, handed out grants the size of entire English counties; his Hardenburgh Patent ran to an amazing 2 million acres, larger than Connecticut.

    The banality of this corruption mocked a widespread belief that the New World had once afforded pristine sanctuary from the evils of the Old. Around the middle of the eighteenth century, restoring this American purity in fact became an issue of major religious and political significance in the colonies. Its growth fed, and in turn fed upon, charges by politicians and pamphleteers of the British opposition that corrupt ministerial "influence"--patronage, bribery, and graft--had neutralized Parliament as a bulwark of English liberty.

    see [PDF]

    Land Registration and Land Fraud in the United States

    File Format: PDF/Adobe Acrobat - View as HTML
    The extent of land fraud in general that is surfacing in the US alone is, ... An estimate is that the population of land fraud criminals in the U.S. tops ...
    www.terrainstitute.org/pdf/Land%20Reg_Fraud_US.pdf - Similar

    The extent of land fraud in general that is surfacing in the US alone is, frankly, overwhelming. There is not enough time to read all the articles that are being written these days.  An estimate is  that the population of land fraud criminals in the U.S. tops 50,000 nationwide, many of whom started their education in land fraud in the 1990’s or early 2000’s, and their careers in the early 2000’s, but many of them are not being detected and prosecuted because of:  
    Government Complacency
     
    1.    Lack of adequate fraud detection processes.
    2.    Lack of industry/government cooperation at local and state levels.
    3.    Lack of local law enforcement interest due to lack of education and funding. 
    4.    The supposed complexity of land fraud cases.
    5.    Lack of federal law enforcement resources. Only 1,000 cases or so are prosecuted
           by national law enforcement (i.e., the FBI). This number is just the tip of the
            iceberg.
    6.     Lack of consumer education.
    7.    Failure to utilize available technology.   
    8.     Inadequacies in existing legislation.
     
    Mortgage fraud has also become easier under the new financial regime whereby the initial
    lenders use mortgages to provide security for the monies they lend, but then turn around and
    sell those mortgage agreements to “investors”.  The initial lenders thereby pass on to the
    “investors” the risks of the mortgages going bad, and are insulated from loses when
    borrowers do not repay.  In essence many of the initial lenders who have the local contacts
    and information to do careful mortgage lending have not investigated their clients as they
    once did, in the interest of selling mortgages and earning big bonuses as quickly as possible. 
    Buyers of those mortgages package them into “securities” involving many, perhaps
    thousands, of mortgages of varying terms, quality and care of preparation and sell them to yet
    other “investors”.  Such behavior itself has at least the appearance of fraud, that is,
    misrepresenting a package of mortgages as all equal and of known risk, when in fact they are
    a mish-mash of mortgage agreements.  But what appears to be fraud is not considered as
    such, at least not yet, by the US public prosecutors, perhaps due to practice being so prevalent
    in recent years, that should it be prosecuted as fraud, most mortgage based investment
    financiers would be in jail and their ill gotten assets confiscated for repayment of losses
    suffered by the borrowers and naïve investors, which seems to be exceeding several trillion
    US dollars.
     
    But even with a more restricted definition of land fraud, the costs for the victims are
    significant.  They often lose most if not all of what they invested in transactions contaminated
    by fraud.
     
    Moreover, as fraudulent transactions become more numerous and as fraudulent documents
    accumulate in registries of deeds, the costs of investigating each recorded document for its
    validity become exorbitant. The risks of engaging in land market transactions due to
    fraudulent documents in register archives constrain the operations of those markets.  People
    and institutions which desire to engage in land transactions lose confidence in the deeds/title
    registries whose purpose is precisely to provide evidence of title to land.  The past
    investments in these registries and regularization of title are threatened.  People turn against
    the official registries and either refrain from transactions or conduct them informally, further
    undermining the capacities of the registries to support the security and dynamism of the
    market economy.  
     
    Government and private sector entities engaged in serving and guiding the operations of land
    markets agree that land fraud crime should be prosecuted. However, statistics indicate that
    the time between the initiation of a specific land fraud crime and the investigation, indictment
    and conviction of the criminals involved may be five years or more. Although tougher laws
    will ultimately take the criminals off the streets and will deter others from committing land
    fraud crime, the focus must be on deterrence rather than just prosecution of crimes.   The
    participation of law enforcement and land related administrative officials from the local, state
    and federal level is vital because effective crime-fighting also requires cooperation between
    government and private sector entities and law enforcement at all levels.
     
    The remainder of this paper has two objectives:  1) present the purposes and operational
    features of a typical Register of Deeds—that of Dane County, Wisconsin; and 2) describe
    how registrars and related professionals are reacting to reduce the risks of land fraud.
     
     
     

    HOW MANY TRILLIONS HAVE BEEN LOOTED "THIS TIME"

    see   http://sites.google.com/site/thegreattexasbankjob/land-fraud-american-style

     
    During the 1830's the growth of state and wildcat banks had offered many the opportunity to borrow money with great ease, and a sizeable portion was invested in the purchase of land. As a result, and this represents only one factor, government land sales soared, causing serious concern to the succeeding President, Andrew Jackson.
     
         The land offices recorded that in 1836 the sales were ten times greater than they had been five years earlier. In order to limit the speculative fever Andrew Jackson, in opposition to the prevailing sentiment, issued the Specie Circular, which ordered land offices to accept only gold or silver in payment of public lands. Many state banks did not have specie backing and this caused a decline in borrowers, a drop in land sales to one quarter of the previous year, numerous defaulted payments and a financial crisis.

         Urban real estate values increased at such an abnormally high velocity that a Hartford speculator tells of making 75 percent annually on an investment of $1,000 in Michigan where the boom was in high gear. Philip Hone, a parvenu in New York society, recalls a farm near Brooklyn that was offered for $20,000 in 1831 with no takers and sold in 1835 for $102,000.

    SEE ALSO....

    The boom that preceded the panic was not limited to government land but included city lots, urban acreage, swamps and agricultural areas. Wild speculation, fraud and corruption prevailed in title timber lands of Maine and extended inland from New England to western and southern sections. Purchases by an "American land company" form a chapter by themselves in the explosive history of mounting fortunes.
     
    The STATES through their COUNTIES have always been fully aware and directly involved, making huge sums of money through the ILLEGAL practice of FARMING ALL THE NEW TAXPAYERS  at all the NEWLY ( but illegally)  Subdivided Wildcat, Redflag, Unrecorded, Ghost, Paper Subdivision Properties.

    I.  Land Sales Act.1

    A.  Scope and Protections of the Land Sales Act.

    The Land Sales act was enacted by Congress to combat fraud in the sale of land.  The Land Sales Act was the federal government’s response to widespread fraud occurring in the interstate sale of lands.  The use of mails for interstate land sales proliferated during the 1960’s, and abuses soon became widespread.2   In general, these sales involved undeveloped realty, such as swampland in Florida, desert in Arizona, land under water or otherwise undevelopable. 

    The Land Sales Act, in summary, prohibits a “developer” from selling or leasing any “lot” in a “subdivision”, through the use of interstate commerce unless it complies with the Land Sales Act or falls within an applicable exemption.  Like the securities laws after which it was modeled, the Land Sales Act uses disclosure as it primary tool to combat fraud.    

    B.  Legislative History of the Land Sales Act

    As initially enacted by Congress, the Land Sales Act did not use the word “condominium” at all.  Many legal commentators and scholars believed the Land Sales Act did not apply to condominiums by intention of Congress and for policy reasons.  In drafting the statute to protect purchasers of land, Congress made the Land Sale Act applicable to “lots.”  Commentators presumed that Congressional usage of the term “lot” without inclusion of “condominium” supported the interpretation that the Land Sales Act applied only to raw land. 

    The Office of Interstate Land Sales Registration (”OILSR“), however, created by the Housing and Urban Development (”HUD“) agency to oversee the Land Sales Act, determined as early as 1969 that the Land Sales Act applied to condominiums.  Again, in 1972, OILSR issued an “advisory opinion which concluded that condominium units were included within the definition of ‘lots.’”3  OILSR subsequently formalized this interpretation of the Land Sales Act in the form of regulations.  According to the OILSR, a condominium is equivalent to a subdivision, with each condominium unit being a “lot.” 

    HUD issued a formal pronouncement in 1973, declaring that it interpreted the Land Sales Act to apply to condominiums, and stated that it consistently followed the same interpretation since 1969.  HUD reiterated the position of the OILSR in determining that the Land Sales Act applied to condominiums again in 1974. 

    In 1978, Congress amended the Land Sales Act, and for the first time, included the word “condominium” into a single provision.  Congress inserted the word “condominium” in a provision exempting sales of improved land under certain circumstances.  In enacting this amendment to the Land Sales Act, Congress again created fodder for debate.  One view interpreted this amendment as necessarily implying that the Land Sales Act was applicable to condominiums–otherwise, the inclusion of the term “condominium” in the exemption provision would be rendered superfluous.  The second view, however, imparted a much narrower intent on behalf of Congress in passing the amendment.  According to the second view, the amendment acted only to exempt land sales upon which a “condominium” rests.  This view is also supported by rules of statutory construction, which mandates that where Congress employs a term in one section of a statute, and not in another, the term should not be implied where it was excluded. 4

    C.  Judicial Interpretation of the Land Sales Act

    In 1985, the United States Court of Appeals for the 11th Circuit definitively ruled that the Land Sales Act applied to condominiums.5 In deference to the agency interpretation of HUD, and in implementing the antifraud and consumer protection purposes of the Land Sales Act, the court ruled that the Land Sales Act applied to condominiums.  The court, in reaching its conclusion, not only looked toward HUD’s interpretation of the Land Sales Act, but also towards the legislative history and purposes behind passage of the Land Sales Act.  The court noted that the legislative history of the Land Sales Act employs the terms “land” and “real estate,” in addition to the term “lots.” Thus, Congressional intent to prevent fraud in the sale of real estate, regardless of the form of ownership, should control.  In ruling that the Land Sales Act applied to condominiums, the court concluded that the fraudulent sale of land is “not rendered any less fraudulent if the condominium form of ownership is utilized.”6 

    II.  Imparting the Lessons of the Land Sales Act  

    The Land Sales Act was enacted to protect consumers in the purchase of “lots” from unscrupulous developers and promoters.  Despite the usage by Congress of the term “lots”, with no mention of the term “condominium”, HUD examined the legislative history and intent, and determined that the consumer protections and antifraud purposes behind the Land Sales Act applied equally to both raw land and condominium units.  Judicial interpretations of the Land Sales Act echoed HUD’s interpretation, even despite contrary evidence of Congressional intent. 


    Office of the Attorney General
    State of Texas
     

    June 30, 1986

    Honorable Timothy D. Yeats
    Howard County Attorney
    P.O. Box 2096
    Big Spring, Texas 79721

    Opinion No. JM-508

    Re: Duty of a county clerk to record a deed conveying real property under articles 974a and 6626aa, V.T.C.S.


    In Major Investments, supra, a court of civil appeals held that article 6626c prohibits the delivery of a deed or contract of sale that depends on an unrecorded plat for a description of the real property involved and that it does not prohibit delivery of a document that uses metes and bounds rather than an unrecorded plat to describe the property involved. Although Major Investments, supra, is a narrow interpretation of article 6626c, it may also be interpreted to prohibit delivery of a deed that contains any kind of description of an illegal subdivision. There are several penalties which may be utilized if a subdivider fails to prepare and file a plat. See, e.g., V.T.C.S. art. 6702-1, s 2.401(A), (B) (damages, injunctions, criminal sanctions). Accordingly, a city is not powerless in preventing illegal subdivisions.

     
     
    frontline: once upon a time in arkansas: Fool for Scandal  Fool for Scandal: How the 'Times' got Whitewater wrong ...
    All this over a failed $ 200000 dirt-road real estate deal up in Marion County
    www.pbs.org/wgbh/pages/frontline/shows/arkansas/whitewater/lyonsarticle. html - 48k - Cached - Similar pages
     
    see Harvard Law Review AT  


    SEE ALSO http://sites.google.com/site/thegreattexasbankjob/america-hates-banksters

    Office of the Attorney General
    State of Texas
     

    June 30, 1986

    Honorable Timothy D. Yeats
    Howard County Attorney
    P.O. Box 2096
    Big Spring, Texas 79721

    Opinion No. JM-508

    Re: Duty of a county clerk to record a deed conveying real property under articles 974a and 6626aa, V.T.C.S.


    In Major Investments, supra, a court of civil appeals held that article 6626c prohibits the delivery of a deed or contract of sale that depends on an unrecorded plat for a description of the real property involved and that it does not prohibit delivery of a document that uses metes and bounds rather than an unrecorded plat to describe the property involved. Although Major Investments, supra, is a narrow interpretation of article 6626c, it may also be interpreted to prohibit delivery of a deed that contains any kind of description of an illegal subdivision. There are several penalties which may be utilized if a subdivider fails to prepare and file a plat. See, e.g., V.T.C.S. art. 6702-1, s 2.401(A), (B) (damages, injunctions, criminal sanctions). Accordingly, a city is not powerless in preventing illegal subdivisions.

    SEE ALSO  http://www.lincolninst.edu/pubs/263_Dysfunctional-Residential-Land-Markets--Colonias-in-Texas

    The platting requirements of article 6702-1 apply to the divisions of land into two or more parts for the purposes specified in subsection (b).

    It is well established that a county commissioners court possesses only the powers conferred either expressly or by necessary implication by the constitution and statutes of this state. See Tex. Const. art. V, s 18; Canales v. Laughlin, 214 S.W.2d 451, 453 (Tex.1948). We are not aware of any statute that gives a county the power to enact exemptions to the provisions of article 6702-1 that require the preparation and filing of record of a plat by an owner who divided land outside a city into two or more parts for the purposes specified in subsection (b). See Attorney General Opinion JM-508 (1986). Cf. Lacy v. Huff, 633 S.W.2d 605, 610 (Tex.App.--Houston [14th Dist.] 1982, writ ref'd n.r.e.) (requirements of statute authorizing cities to regulate subdivision development are applicable to owner who sought to divide lot into two lots). When an order of the commissioners court conflicts with a proper legislative act, the order must give way; the act of the legislature prevails. Brown v. Meeks, 96 S.W.2d 839, 842 (Tex.Civ.App.--San Antonio 1936, writ dism'd).

    A map or plat of a subdivision or addition outside the corporate limits of a city must have been approved by the county before it can be filed and recorded by the county clerk. See Property Code s 12.002; Trawalter v. Schaefer, 179 S.W.2d 765 (Tex.1944); Attorney General Opinion JM-508 (1986). If a person who seeks to file and record a plat has complied with the statutory requirements outlined in section 2.401 of article 6702-1, approval and filing of the plat becomes a mere ministerial duty. See Commissioners Court v. Frank Jester Development Co., 199 S.W.2d 1004, 1007 (Tex.Civ.App.--Dallas 1947, writ ref'd n.r.e.); Attorney General Opinion JM-317 (1985). See also, City of Corpus Christi v. Unitarian Church, 436 S.W.2d 923, 927 (Tex.Civ.App.--Corpus Christi 1968, writ ref'd n.r.e.).

    SEE  http://www.oag.state.tx.us/opinions/opinions/47mattox/op/1986/pdf/jm0508.pdf

    Texas Penal Code 1137h and Article 6626c et al APPLY to ALL CONTRACTS TO REAL ESTATE

    Making Little Lots Out Of BIG Lots

    ---------------------------------
    Article 6626c, V.T.C.S. The provision provides:


    Section 1. No party shall file for record or have recorded in the official
    records in the County Clerk's office any map or plat of a subdivision or
    resubdivision of real estate without first securing approval therefor as may be
    provided by law, and no party so subdividing or resubdividing any real estate
    shall use the subdivision' s or resubdivision' s description in any deed of
    conveyance or contract of sale delivered to a purchaser unless and until the map
    and plat of such subdivision or resubdivision shall have been duly authorized as
    aforesaid and such map and plat thereof has actually been filed for record with
    the Clerk of the County Court of the county in which the real estate is
    situated.

    Sec. 2. Any party violating any provision of Section 1 of this Act shall be
    guilty of a misdemeanor and upon conviction thereof shall be fined in a sum not
    less than Ten Dollars ($10.00) nor more than Five Hundred Dollars ($500.00), or
    confined in the county jail not exceeding ninety (90) days, or both such fine
    and imprisonment, and each act of violation shall constitute a separate offense,
    and in addition to the above penalties, any violation of the provisions of
    Section 1 of this Act shall constitute prima facie evidence of an attempt to
    defraud. (Emphasis added).
    This article was transferred from article 1137h of Vernon's Penal Code by
    authority of section 5 of Acts 1973, 63rd Leg., ch. 399, at 995, enacting the
    new Penal Code.

    A person may be prosecuted under article 6626c, V.T.C.S., in two separate
    circumstances. First, for the act of recording, and secondly, for the act of
    selling property making a reference to an unrecorded map or plat. In Attorney General Opinion M-390 (1969), this office held that the second circumstance makes a misdemeanor offense of a conveyance by a subdivider where the property description depends for its location upon reference to a subdivision plat which has not been duly authorized as provided by law and/or has not been filed for record. Use of the subdivision description is not cured by additional metes and bounds descriptions, which in themselves must rely upon the unrecorded plat for
    location of the property on the ground. (Emphasis added).

    Former Texas Penal Code 1137h was the Codification of HB 473 of May 19th 1931 the Texas Legislature was reacting to the MASSIVE Bank and S&L Lootings and Failures associated with MASSIVE TEXAS Land FRAUDS of the 1920s. (These Massive Land Schemes also were rampant in FLORIDA during the same period. The FHLBB and Later HUD enacted the Land Sales Registration Act Texas AG Greg Abbott READ SECTION 3 of HB 473

    Making Little Lots Out Of BIG Lots ....

    The American ..... US Government History...Subdividing America Land Speculation .... The Whole Enchilada


     
    FACT IS the entire Westward Expansion of the so called USA Inc. was designed by the US Congress for the purpose of DEVELOPING and REALISING the vast wealth from DIVIDING the New Territories (SUBDIVIDING) into smaller tracts (LOTS) for the purpose of exploiting the lands riches and TAXING the new inhabitants... FARMING THE TAXPAYERS .... what a RACKET HUH BOYS...see Taxpaying the New Sharecropping http://en.wikipedia.org/wiki/Territories_of_the_United_States
     
    In the United States, a county is a local level of government below the state (or federal territory). Counties are used in 48 of the 50 states, while Louisiana is divided into parishes and Alaska into boroughs.[1] These are considered "county-equivalents", as are some cities not designated as part of a county. The U.S. Census Bureau lists 3,140 counties or county-equivalent administrative units in total. There are on average 62 counties per state.


    DID WITHAM SAY 635  "ILLEGAL"  SUBDIVISIONS AROUND CONROE, TEXAS

    1. Colonias, Informal Homestead Subdivisions, and Self-Help Care for ... their humble and illegal origins. At the household level, ...... dations, informal homestead subdivisions and colonias are likely to become an ... www.springerlink.com/index/t28lr84k046u8268.pdf - Similar - by PM Ward - Related articles - All 2 versions

    2. Women Build Groundwork in Makeshift 'Colonias' | Womens eNews She estimates that 80 percent or more of the activists in the colonias are ... and predatory lenders who have created what amount to illegal subdivisions. ... www.womensenews.org/.../women-build-groundwork-makeshift-colonias - Cached - Similar -

    3. Texas AG, County Attorney team up to fight colonia development ...That's why Garcia says he now owns a home in an illegal subdivision, ... That is, she said, until colonias took over in east El Paso County. ...www.kvia.com/global/story.asp?s=11320716 - Similar -

    4. TEXAS ATTORNEY GENERAL ABBOTT WINS LAWSUIT AGAINST DEVELOPER OF ... ... AGAINST DEVELOPER OF ILLEGAL COLONIA IN CAMERON COUNTY ... find US Fed News Service, ... an illegally-created "colonia" subdivision in Cameron County, ...www.highbeam.com/doc/1P3-1041144621.html - Cached - Similar -

    5. Whistleblowers - SourceWatch Sep 12, 2008 ... See Houston Chronicles Archives on Illegal Subdivisions, Colonias as well as bank and S&L Lootings see Houston Chronicle Listings ... www.sourcewatch.org/index.php?title=Whistleblowers - Cached - Similar -

    6. 1/5/2001: Attorney General Wins Judgment On Illegal Colonia ... ATTORNEY GENERAL WINS JUDGMENT ON ILLEGAL COLONIA DEVELOPMENT ... who broke laws governing the development of residential subdivisions in border colonias. ...www.oag.state.tx.us/newspubs/.../20010105starrcolonia.htm - Cached - Similar -

    7. What's in a Name? A Critique of 'Colonias' in the United States referred to unregulated subdivisions as 'illegal subdivisions' and the ... calling the subdivisions colonias. The newspaper suggested that it picked up the ... doi.wiley.com/10.1111/j.1468-2427.2007.00719.x - Similar -

    8. Converted WP file 98ca-072 We note that Las Palmeras is one of the principal subjects of the aforementioned law review article on the blight of illegal subdivisions known as colonias ... www.supremecourt.nm.org/pastopinion/.../98ca-072.html - Cached - Similar -

    9. Ten Reasons Why Mexicans Captured America: And Americans Lost ... 10 posts - 8 authors - Last post: Oct 19 Meanwhile they're always building colonias -- aka illegal subdivisions where it's okay not to provide the standard things like water and ... www.city-data.com/.../illegal.../793176-ten-reasons-why-mexicans-captured-america-2.html - Cached - Similar -

    10. Issue #82, July/August 1995 The border communities called colonias in Texas organize to get clean water, ... Where developers created illegal subdivisions the platting must be ... Show map of 6109 N Cynthia Ct, McAllen, TX 78504
      www.nhi.org/online/issues/82/colonias.html - Cached - Similar -

    Slavery, Share Cropping and Taxpaying ... ALL ARE FORMS OF BONDAGE

    The slogan ‘‘40 acres and a mule’’ fired the imagination of freed slaves after the Civil War. But the concept, to the extent that it was implemented at all, was effective only in the cases of about 40,000 freed slaves on the Sea Islands of South Carolina and Georgia, resulting from a special field order of General William Sherman (McDougall 1984). The dominant pattern for African Americans was that established by the Bureau of Refugees, Freedmen, and Abandoned Lands, which arranged leases of 40 acres each and established wage and pay scales. However, after Andrew Johnson pardoned many Southerners and restored them to the African- American–occupied lands, the new system looked formidably like the old one:

    The contract labor system and the return of the former slave masters kept the Black man subservient and resulted in the system we know today as sharecropping. Sharecropping was much like slavery; Black people were bound again to land owned by non-Blacks. When the Bureau closed in 1872, it had reestablished and solidified the oppressive land tenure patterns which existed in the antebellum South. (McDougall 1984, 174)

    Even the idea of ‘‘40 acres’’ sounds like something of a fraud when one contrasts it with the Homestead Act of 1862. Lincoln declared, ‘‘I am in favor of settling the wild lands into small parcels so that every poor man may have a home’’ (Robbins 1942, 206).

    Territories of the United States - Wikipedia, the free ... Territories of the United States are one type of political division of the United States, administered by the U.S. government but not any part of a U.S. state. These territories were...en.wikipedia.org/wiki/Territories_of_the_United_States - 93k - Cached

    The Continuing "TWISTED" Saga of - The Looting of America (The ... Expose' on Massive Bank, S&L, Mortgage and Wall Street Crimes. sites.google.com/site/thegreattexasbankjob/ - Cached - Similar

    The Catbird Seat The Continuing "TWISTED" Saga of The Looting of America! The Vultures that Ate my Bed and Breakfast! Connecting the dirty dots to the Puna Connection! ... www.kycbs.net/ - Cached - Similar

    ROBERT L. VICKERS hey that's Mr. Pinewood Village

     

    Former US Assistant Attorney HOUSTON Federal Building

    Hey It's Tony "JA" Canales....He Knows Mr. Pinewood Village....Robert L. Vickers

    You know Eikel Etheridge, HACO Properties, WG Horne III ..... Pinewood Village and Western Bancorporation's ROBERT L. VICKERS

    Did he really mention DIRT DEALING LAND FLIPPIN ILLEGAL SUB-SLIME REAL ESTATE SPECULATIONS - CLESSON LAND INVESTMENT COMPANY- JOHN McCONE Western Bancorporation THE BANKING and S&L Scandal, IRAN CONTRA and the ECONOMIC MELT DOWN - RV King and Robert L. Vickers Pinewood Village TEXAS COLONIAS WHITEWATER AND MISSING TRILLIONS

     

    RAD SALLEE : Staff  Investigator Clyde Wilson said he reached Vickers by phone in a Yuma, Ariz., prison, and Vickers told him his name is being used by others, but he is not involved in the scheme.
    12/29/1989
     
     
     
    RAD SALLEE : Staff  Zager said that attorney Whittle's signature is on the deeds of trust and that attorney Vickers' is on the title policy commitments.
    12/23/1989
     
    This is what Robert L. Vickers and the BOYS Pulled Just North Of Houston Texas When They Robbed The S&LS and Banks Like Western Bancorporation using 600 ILLEGAL Bill and Hillary STYLE Dirt Dealing Land Flippin CONS.
     
     
     
    and COMPARE ..... Judson Witham (AKA Professor Swamp Jud)
     
    So goes the twisted saga of Pinewood Village, one of 600 (very criminal & illegal)
    problem (illegal) subdivisions

     ..... back in the beginning  Judson Witham
     
     
     
     

    2. Land Fraud: Recent US Experience

    Transactions involving rights in land can be twisted in various ways to violate the legal and  legitimate rights of land owners, buyers, sellers, lenders, renters, heirs, and governmental  agencies. We define land fraud as a material misstatement, misrepresentation or omission  which people rely upon to effect illegally a transaction involving real estate to their benefit or  to the detriment of others. Perpetrators of land fraud:

     
    acquire under-secured loans through falsified value assessments; perform outright theft perpetuated on legal owners and lending institutions

    through counterfeit mortgage satisfactions, and many other schemes.

    We present this discussion paper in order to help develop plans of action to reduce the

    incidents of land fraud where they have become a problem, in counties, in states and in

    countries around the world.

     

    Key elements of a typical land fraud scheme are

    conspiracy, overvaluation of property and

    naïve (straw) buyers1.

     The steps in an example of an “equity skimming” land fraud crime in the U.S. are:

    1. Leader (typically a mortgage broker, who is also a speculator) buys property in a

    business name for $425,000.

    2. Co-conspirator finds out-of-town, naïve “straw buyer”.

    3. Straw buyer contracts to buy property for $741,000, less than one month after it was

    purchased.

    4. Co-conspirators (the “professionals”) facilitate financing: mortgage broker generates

    fraudulent mortgage application; appraiser overstates property value; title/closing agent

    conceals prior related transaction(s), falsifies housing loan forms, and disburses borrowed

    funds to mortgage broker; notary public, who is also closing agent, takes acknowledgements of loan documents from straw buyer.

    5. Co-conspirators make $266,000 profit.

    6. Repeat: scheme executed on more than 20 properties before law enforcement caught up

    with the perpetrators. Victims of this scheme include lenders, straw buyers (destroyed credit and subject to legal prosecution), neighboring home owners (reduced property values), title insurance companies (possibly), city and county (reduced property tax collections) and the reputation of the landownership system.

    Step 4 in this scheme is called “mortgage fraud,” which is defined by the FBI as “A material

    misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase, or insure a loan.” Note however that the mortgage fraud is not the crime, but only a step in the overall scheme that monetizes the crime. It is the gun used in the robbery.

    With the self-destruction of housing markets, this particular scheme which depends to some extent on rising housing prices is no longer popular, but the basic methodology is used in other mortgage rescue fraud schemes. A version of the scheme, involving a “short sale” of a foreclosed property, is popular in a down market, like the present conditions in the US.Four common schemes in the US include:

    Appraisal Fraud:
    loan originators and real estate agents to alter appraisal reports. This pressure can beA property is over- or undervalued, often due to pressure from A person who purchases property for another to conceal the identity of the real purchaser. negative (yelling or threatening) or seemingly positive (gifts and other illegal kickbacks).


    Flipping: A home is purchased and "flipped" or sold immediately for a severely

    inflated price, often upwards of 30 to 50 percent of the original selling price. That

    initial transaction is often concealed from the lender. The loan is never repaid and the

    lender is left high and dry. 

     Straw Buyers: One person (or company) pays someone else to pose as the home

    buyer, using their own information and credit score (real or false) to purchase a

    property. The straw buyer thinks she will not have to make any mortgage payments.

    The scammers then take over the title and mortgage. Essentially, the lenders think

    they're loaning money to one person, when in actuality, the home will be owned by

    someone else, and eventually will be foreclosed.

    Mortgage fraud is a large and growing blight on the mortgage industry in the US. The Federal Bureau of Investigation (FBI) has reported that mortgage fraud cost the mortgage lending industry between $946 million and $4.2 billion in 2006 alone. Additionally, the federal Financial Crimes Enforcement Network (FinCEN) has reported that more than 37,000 mortgage-related Suspicious Activity Reports (SARs) were filed in of 2006, an increase of 44 percent over the same period in 2005. The number of SARs increased to nearly 53,000 in 2007, an increase of over 100% in the two years since 2005.

    The extent of land fraud in general that is surfacing in the US alone is, frankly,

    overwhelming. There is not enough time to read all the articles that are being written these

    days. An estimate is that the population of land fraud criminals in the U.S. tops 50,000

    nationwide, many of whom started their education in land fraud in the 1990’s or early 2000’s, and their careers in the early 2000’s, but many of them are not being detected and prosecuted because of:

    1. Lack of adequate fraud detection processes.

    2. Lack of industry/government cooperation at local and state levels.

    3. Lack of local law enforcement interest due to lack of education and funding.

    4. The supposed complexity of land fraud cases.

    5. Lack of federal law enforcement resources. Only 1,000 cases or so are prosecuted

    by national law enforcement (i.e., the FBI). This number is just the tip of the

    iceberg.

    6. Lack of consumer education.

    7. Failure to utilize available technology.

    8. Inadequacies in existing legislation.

    Mortgage fraud has also become easier under the new financial regime whereby the initial

    lenders use mortgages to provide security for the monies they lend, but then turn around and sell those mortgage agreements to “investors”. The initial lenders thereby pass on to the “investors” the risks of the mortgages going bad, and are insulated from loses when

     borrowers do not repay. In essence many of the initial lenders who have the local contacts

    and information to do careful mortgage lending have not investigated their clients as they

    once did, in the interest of selling mortgages and earning big bonuses as quickly as possible.

    Buyers of those mortgages package them into “securities” involving many, perhaps

    thousands, of mortgages of varying terms, quality and care of preparation and sell them to yet other “investors”. Such behavior itself has at least the appearance of fraud, that is,

    misrepresenting a package of mortgages as all equal and of known risk, when in fact they are a mish-mash of mortgage agreements. But what appears to be fraud is not considered as such, at least not yet, by the US public prosecutors, perhaps due to practice being so prevalent in recent years, that should it be prosecuted as fraud, most mortgage based investment financiers would be in jail and their ill gotten assets confiscated for repayment of losses suffered by the borrowers and naïve investors, which seems to be exceeding several trillion US dollars.

    But even with a more restricted definition of land fraud, the costs for the victims are

    significant. They often lose most if not all of what they invested in transactions contaminatedby fraud.

    Moreover, as fraudulent transactions become more numerous and as fraudulent documents

    accumulate in registries of deeds, the costs of investigating each recorded document for its

    validity become exorbitant. The risks of engaging in land market transactions due to

    fraudulent documents in register archives constrain the operations of those markets. People

    and institutions which desire to engage in land transactions lose confidence in the deeds/title registries whose purpose is precisely to provide evidence of title to land. The past investments in these registries and regularization of title are threatened. People turn against the official registries and either refrain from transactions or conduct them informally, further undermining the capacities of the registries to support the security and dynamism of the market economy.

     
     
     
     
    Dear State Of Texas
     
     
     
     
     
     
    "We can summon once more that ordinary goodness of America, to serve our communities, to strengthen our country and to better our world,"
     
    Date: Thursday, October 29, 2009, 3:29 PM

    I was listening to Sheriff Mack and Sam Bushman this morning on Liberty Round Table discuss the TARGETTING of the Patriots who fight for American Ideals and the American Way "Truth-Justice-Liberty-Freedom-Private Property and the Bill Of Rights"
     
    MY FAMILY has been TARGETTED and over and over and over again ATTACKED because of my work to EXPOSE the BANKSTERS associated with the LOOTINGS of America's Financial Institutions .... I am GIVING NOTICE to US AG Eric Holder...The FBI DIRECTOR and the Senate and Congress / President of the United States .... JW
     
    Look at the LEGISLATIVE HISTORY of Former Texas Penal Code 1137h, May 1931 and Black's Texas Civil Articles 974a and Article 6626a-c

    The Claims Below are ABSOLUTELY INACCURATE AND MISLEADING

    Just over a decade ago, Texas became aware of the existence and proliferation of colonia-type subdivisions, and in biennial legislative sessions began to take action to stop their growth on the one hand, and to simulate upgrading on the other.


    The Case Below is something TEXAS AG ABBOTT does NOT want you to examine CLOSELY - Judson Witham

    READ THE CASE CLIC and AGAINST CLESSON LAND INVESTMENT COMPANY

    The Pinewood Village SAGA

    Court of Appeals of Texas,
    Beaumont.
    La COUR Du ROI, INC., Appellant and Cross-Appellee,
    v.
    MONTGOMERY COUNTY, Texas, Appellee and Cross-Appellant.
    No. 09 84 288 CV.
    Aug. 29, 1985.
    Rehearing Denied Sept. 18, 1985.

    The Above Is SOLID PROOF


    http://www.lincolninst.edu/pubs/pub-detail.asp?id=263

    You All Forget to include the many THOUSANDS of other ILLEGAL LAND SPECULATION CONS the Texas AG and US Dept of HUD want you to miss, LIKE the 635 in Montgomery County 5 minutes North of Houston and the ones in Tarrant County, Galveston, Liberty, Chambers Counties and ALL OVER THE STATE.

    The following Claim is FAR FAR FAR from the Truth

    Colonias are not a small-scale phenomenon. According to the Texas Water Development Board, there are approximately 1,500 such settlements housing around 400,000 people, mostly in the border region.

    FACTS are listed BELOW

    The trial attorney for Du ROI stated that the corporation was R.V. King's and that King owned its stock. The defendant's attorney stated that there were 500 unrecorded subdivisions in Montgomery County.

    Du ROI appealed from the denial of declaratory judgment relief and from the refusal to grant attorney's fees. The County appealed the judgment denying its power to regulate Du ROI before September 1, 1983.


    The Attorney General of Texas appeared and participated to defend the
    constitutionality of TEX.REV.CIV.STAT.ANN. art. 6626a also several Lawsuites were filed in Montgomery County by the Texas AG well beyond and included numerous Unplatted, Unrecorded and Illegal Subdivisions.


    JUDSON WITHAM's Accounts are ACCURATE and TRUTHFUL the Banking, S&L and MAIL FRAUDS associated with the BILLIONS in Land Frauds In Texas are a HUGE TRUTH.


    Court of Appeals of Texas,
    Beaumont.
    La COUR Du ROI, INC., Appellant and Cross-Appellee,
    v.
    MONTGOMERY COUNTY, Texas, Appellee and Cross-Appellant.
    No. 09 84 288 CV.
    Aug. 29, 1985.
    Rehearing Denied Sept. 18, 1985.

    The Above Is SOLID PROOF

    Texas Was Looted Out The WAHZOO

    The Hartford Courant

    Former FBI Agent Indicted In Mob Case

    By EDMUND MAHONY
    December 23, 1999

    BOSTON - One of the FBI's former top organized-crime investigators was arrested Wednesday on charges of conspiring to arrange payoffs from two notorious gangsters while protecting them from arrest and helping them extort real estate from a young South Boston couple.

    NOTE:

    This CLOWN CONNOLLY made up a HUGE story about ME on November 18th of 1985. You see Looting Banks with UNRECORDED LAND DEVELOPMENTS, thats entire CLANDESTINE projects so to speak, was done THOUSANDS of times over IN TEXAS versus the Whitewater and Castle Grande Deals in Arkansas.

    http://www.laborers.org/HartfordCourant_12-23-99.html

    http://www.oag.state.tx.us/border/2004rules.shtml
    There were LAWS against this BS since 1931 see Old Texas Penal Code 1137h, Civil Code 974a and Article 6626 a & c

    THERE ARE THOUSANDS of Looted Banks and S&Ls directly connected to the Land CONS I have been exposing for almost two decades. Whitewater and Castle Grande, Campebello Island were CHUMP CHANGE.

    Judson Witham

    USATODAY.com - Old-fashioned land scams go high-tech
    There is nothing illegal about selling worthless land to someone who's willing to pay. ... West Texas is particularly attractive to land-scam artists. ...
    www.usatoday.com/tech/news/ 2006-09-26-land-scams_x.htm -


    Who are the real evil enemies of Democracy?
    Date: Saturday, August 10 @ 14:03:21 EDT
    Topic: NWO Elites: Bilderbergers & Illuminati

    I need help finding a Public Interests Lawfirm to FORCE the Texas AG to obey the Texas Public Records Act. Please read the attached and POST everywhere. Thanks . JW

    MONEY LAUDERING TEXAS STYLE ! I NEED TO TALK, THIS IS VERY IMPORTANT !!!!!!!!! Judson Witham PO Box 309 Chadwick, MO 65629

    see: www.geocities.com/jurisnot The Great Texas Bank Job

    The recent ERON and WORLDCOM etc.etc. etal Corporate Scandal and the Missing Billions is certainly a very BIG MESS. Go back to Arkansas for a moment PLEASE and consider this:

    The Subdivision PROJECTS Castle Grande and Whitewater were the vehicle used or the MO if you will for Getting The MONEY out of the S & L (Madison) to pay the various bills for the Arkansas AG, then Governor and ultimately President Clinton's Ride To The Top. The Campaign Financing Scheme so dismally investigated by Ken Starr involved many erroneous entries to an S & L's BOOKS. That's how it was Pulled Off, The Books (and real estate filings) were COOKED.

    Looking back at the unprecedented Banking Sector Corruption in Texas during the 70s and 80s (the same time frame as the Clinton Land Scheme) Many, Many hundreds in Fact Thousands of Unrecorded (Hmmmm ??) Land Developments Flourished All Over Texas. I sued the State in Houston Federal Court and won a Court Order that listed Six Hundred and Thirty Five Unrecorded Land Developments JUST IN MONTGOMERY COUNTY (1 minute North of Houston) This Federal Court Order instructed this Outlaw County to Name THE PEOPLE who did the Illegal Land Developments. To This Day that Federal Court Order Has Been IGNORED.


    At this time I would ask you to read the following COPY of a letter sent recently to Texas AG Cornyn (as follows)

    Sec 552.232 Responding to Repetitious or Redundant Requests

    VERNON'S TEXAS STATUTES AND CODES ANNOTATED
    GOVERNMENT CODE
    TITLE 5. OPEN GOVERNMENT; ETHICS
    SUBTITLE A. OPEN GOVERNMENT
    CHAPTER 552. PUBLIC INFORMATION
    SUBCHAPTER E. PROCEDURES RELATED TO ACCESS
    Copr. © West Group 2002. All rights reserved.

    Current through End of 2001 Regular Session.

    § 552.232. Responding to Repetitious or Redundant Requests


    (a) A governmental body that determines that a requestor has made a request for information for which the governmental body has previously furnished copies to the requestor or made copies available to the requestor on payment of applicable charges under Subchapter F, [FN1] shall respond to the request, in relation to the information for which copies have been already furnished or made available, in accordance with this section, except that:
    (1) this section does not prohibit the governmental body from furnishing the information or making the information available to the requestor again in accordance with the request; and
    (2) the governmental body is not required to comply with this section in relation to information that the governmental body simply furnishes or makes available to the requestor again in accordance with the request.
    (b) The governmental body shall certify to the requestor that copies of all or part of the requested information, as applicable, were previously furnished to the requestor or made available to the requestor on payment of applicable charges under Subchapter F. [FN1] The certification must include:
    (1) a description of the information for which copies have been previously furnished or made available to the requestor;
    (2) the date that the governmental body received the requestor's original request for that information;
    (3) the date that the governmental body previously furnished copies of or made available copies of the information to the requestor;
    (4) a certification that no subsequent additions, deletions, or corrections have been made to that information; and
    (5) the name, title, and signature of the officer for public information or the officer's agent making the certification.
    (c) A charge may not be imposed for making and furnishing a certification required under Subsection (b).
    (d) This section does not apply to information for which the governmental body has not previously furnished copies to the requestor or made copies available to the requestor on payment of applicable charges under Subchapter F. [FN1] A request by the requestor for information for which copies have not previously been furnished or made available to the requestor, including information for which copies were not furnished or made available because the information was redacted from other information that was furnished or made available or because the information did not yet exist at the time of an earlier request, shall be treated in the same manner as any other request for information under this chapter.


    Dear Attorney General Cornyn:.

    FIRST a few facts:

    The Texas Attorney General's Offices for years have involved themselves with Illegal, Unplatted, Unrecorded Subdivisions AND the Deceptive Trade Practes employed to Market and Finance Them. See all litigation files involving Montgomery and Liberty County etc. et al..

    Illegal Subdivisions such as the Wilderness and Pinewood Village and more than 635 Illegal Land Development Names were obtained under Federal Court Order From Montgomery County, Texas in 1989.

    The President of the United States estimates that as many as ONE MILLION people were cheated in Colonias Schemes in Texas. I guess the Illegal Developments NOT designated Colonias are NOT included ? JW

    Former Texas AG Dan Morales and Jim Maddox questioned the relationships between Crooked Developers and County Officials that were supposed to police them. Check All The Newspaper Stories Dallas Morning News/Houston Chronicle Etc. JW

    The US Senate and US Congress has POURED hunderds of millions of Dollars (Of Taxpayer Dollars) into Fixing COLONIAS. I guess all the illegal projects NOT designated Colinas are not eligible ? JW

    COLONIAS is a SLANG WORD (Not In Any Dictionary)

    I have asked that a FORMAL RULING be made pursuant to Sec: 552.267 of the Public Information Act. JW

    I have asked for access pursuant to Sec. 552.2615, Sec 552.271 , Sec. 552.272 JW

    For Public Information & Assistance, E-mail your questions and comments to: cac@oag.state.tx.us
    Write to Attorney General John Cornyn: john.cornyn@oag.state.tx.us
    Other questions/comments about child support: child.support@oag.state.tx.us
    Conference Unit: conferences@oag.state.tx.us
    Crime Victim Services Division: crimevictims@oag.state.tx.us
    Crime Victims' Institute: cvi@oag.state.tx.us
    Historically Underutilized Business (HUB) Program: hubprogram@oag.state.tx.us
    Webmaster: webmaster@oag.state.tx.us
    This is a copy of e mail going World Wide

    The Massive Looting of banks and S&Ls in Texas and elsewhere is
    where ENRON etc., came from. This letter is a copy of only PART of
    ongoing Obstructions and Evasions within The Texas AG's office. Publc Records
    Are Being Kept Secret In Texas regarding Thousands of Land Developments
    JUST LIKE Whitewater. Maybe you could help expose ?

    JW

    To Texas AG Cornyn and Mr. Tim Molina - Open Records Office:

    I am willing to wait just a few more days for your production of the
    Public Records I have been seeking for several YEARS.

    I am happy to inform you that I agree with AG Cornyn and yourself when you agree "The Records Are very Important To The General Public". I want my request for them to be made available FREE to be determined as required by Texas Law. I have  directed certain members of our group to store your electronic e mail messages for EVIDENCE purposes. I have a few boxes of my own PROOF of the evasions and obstructions I have encountered regarding The Open Government Laws in Texas. You tell me you have hundreds of thousands of pages about Colonias and then try and tell me you have ZERO Records regarding Unplatted, Unrecorded, Illegal, Subdivisions (except those classified as Colonias)


    Mr. Molina, I suggest you rethink your position !

    Please consider this as a FINAL DEMAND. From here I think Federal Court will be our next destination. Please let me hear from you at your earliest oppurtunity.


    Dear Mr. Witham,

    This e-mail is in response to the numerous e-mails you sent
    to the Office of the Attorney General ("OAG") on July 25, 2002. As we
    have stated to you in previous communications, this office has had
    considerable difficulty understanding precisely what information you are seeking. We are finally able to comprehend your request and what you are seeking after
    reading your e-mail sent at 4:57p.m. You stated in that e-mail:

    The issue of Removing Private lands from Public Tax Roles at
    these illegal projects is a great Public Concern. Exactly how the New
    Tax Bills and assessments were generated from projects that were not even
    platted is a very great public interest. The fact that Montgomery County admitted and listed in a Federal Court that 635 Illegal Developments
    are just minutes North of Houston is a great Public Concern. I can not help

    Comments