Government Set to Sell Foreclosures in Bulk

[stuffmatters]

53. Not just corrupt, it's criminal

Looks like this was always going to be the grand finale for Wall Street's systemic and systematic fraud called "The Housing Bubble."

It is incomprehensible that the Obama Administration is planning to commit this hideous theft against the American citizens and taxpayers in the light of day.

Can criminal charges be initiated against Obama, Geithner, Donovan, Bernaeke for colluding in and apparently orchestrating this grand finale and giveaway of national treasure to huge private corps, the same deep pockets that caused the crisis, have been given taxpayer subsidies instead of prison sentences, interest free trillions secretly to make billions from the taxpayer, and together with the Obama Administration obstructed every possible attempt for homeowners and single investors to remain in their homes or protect their investments.

At this point it should be clear that the Obama Administration deliberately prevented homeowners from keeping their homes. He did not need Congressional validation to do the obvious... automatically lower all balances and interest rates on all mortgages to current market rates. This would have saved homeowners, neighborhoods, enriching the economy and growning employment ...a no brainer actually. And it would certainly cost less than the trillions of taxpayer money he is now planning to give away inexplicably for pennies on the dollar in 5 million dollar "bundles", criminally gifting the same Wall Street Vampire Squids , who created and have profited so obscenely already from the crisis they created.

I do not know who can stop this. Maybe the National Assoc of Realtors, a pretty Republican leaning org traditionally, but they alone will lose billions in commissions with these privileged, off market transactions.

I'm finding it especially meaningful that Obama has drawn out this outrageous action long enough to prevent a primary challenger...
or has he? While, of course, the clock on statute of limitations for the crimes of the real estate collapse, for which we're now going to see the final payoff, is relentlessly ticking down...


There has not been one conviction of one Wall Street figure or government officer who designed this massive fraud. Every homeowner in this Country (whether in arrears or not) has lost hundreds of thousands of dollars by contagion in this national crime, every neighborhood has been degraded, every county,city and state treasury has been devastated by tax losses.

And now this unspeakable, clearly criminally complicit finale ... I gave Obama $2500 in 2008. It makes me sick that I made this contribution now. He is simply not the President and leader of the Democratic Party I voted for.