JP Morgan thug charged with breaking and entering.

[Anarchist420]

Link: http://www.rawstory.com/rs/2010/10/jp-morgan-thug-breaks-home-foreclosed/

First we give these assholes a lender of last resort when society is harmed by that, second, we legalize embezzlement for them and only them, then the tax-payer bails them out. And then they do this in return.

I hope this turns out the be the best thing to ever happen to this lady--that is, she sues the shit out of JP Morgan and gets this guy arrested for breaking and entering.

I also heard that Obama vetoed a bill that would put the burden of proof on the banks that someone wasn't paying their mortgage. I'm not sure if the source (Ellen Brown) was telling the truth though, as she has Hitlerite economic views (I fear that if we get rid of the Fed, then we won't have free-banking, but rather greenback nationalized banking).

 

[swerus]

Obviously it was a mistake, but I can tell you from experience that the REO business is booming right now. This "thug" probably replaced 20-30+ locks this month, along with cleaning up crap people left over when they left their house.

He made a mistake of touching a house that someone was living in. I doubt he would have changed the locks if he knew someone was in the home. Article says they thought the utilities were off and the home abandoned.

 

[LegendKiller]

LOL@Denninger. Isn't he the tool that predicted the US would be in anarchy by November 2008, the dollar would be devalued, and the government would be overthrown?


Obviously this was a mistake. Everybody makes them, of course, except for OP. In his case, since he lives with his parents and hasn't even graduated high school, he's probably considered an Indigo Kid, since he's so super special.

 

[Vette73]

I don't see where he was charged. The other stories said the police would not get into it.

 

[GroundedSailor]

Sorry - wrong thread.

 

[Anarchist420]

I don't see where he was charged. The other stories said the police would not get into it.

I made a mistake in the thread title, sorry about that.

 

[Anarchist420]

LOL@Denninger. Isn't he the tool that predicted the US would be in anarchy by November 2008, the dollar would be devalued, and the government would be overthrown?


Obviously this was a mistake. Everybody makes them, of course, except for OP. In his case, since he lives with his parents and hasn't even graduated high school, he's probably considered an Indigo Kid, since he's so super special.

Have you eeen my profile? I'm 23 and still a senior in college. If I was in high school, I'd tell you I was.

 

[LegendKiller]

Have you eeen my profile? I'm 23 and still a senior in college. If I was in high school, I'd tell you I was.

Sure you are chuckles. I'm sure you aren't even off the papa dole and you certainly haven't moved out of the basement.

Check out my profile. I'm actually Warren Buffet.

What's humorous is that even if you are going to school, you're likely going to a state school, which is funded by "big government". Quit now fuckwad and get off the public dole.

 

[kranky]

One day one of those lock-changers are going to get killed by a nervous homeowner who finds someone breaking into their home.

 

[Vette73]

I made a mistake in the thread title, sorry about that.

You can change it you know.

There are no charges against anybody right now. The police are lazy and don;t want to get into it.

 

[Darwin333]

LOL@Denninger. Isn't he the tool that predicted the US would be in anarchy by November 2008

As I recall, it was your industry that was screaming about Armageddon, martial law, cats and dogs living together, etc... I don't recall Denninger ever predicting anarchy by the end of 08 but maybe I missed it. Source?

the dollar would be devalued

I thought the dollars value had been decreasing. Not long ago they had a big chart that showed the SPX went up almost in unison as the dollar went down. Seen commodity prices lately?

and the government would be overthrown?

Don't recall that one either, source?

Obviously this was a mistake. Everybody makes them, of course, except for OP. In his case, since he lives with his parents and hasn't even graduated high school, he's probably considered an Indigo Kid, since he's so super special.

Is that why Congress very quietly passed HR 3808 with voice votes and no voting record kept? Thankfully Obama vetoed it but the bill was just to help those who made a few simple mistakes right? I wonder why they need an act of Congress for something that, if its just a simple mistake, should be rather uncommon?

Or could it be that the banks are again trying to break black letter law and if they are not allowed to break black letter law they could be in very serious trouble? Funny how you call people super special but its you and your industry that seem to continually get special treatment from the .gov including the "cops" ignoring blatant violations of the law.

Not only do I hope this lady wins her suite but I hope that EVERYONE who had their homes illegally foreclosed upon by the banksters win theirs as well. Furthermore, I hope that black letter law is enforced and if a bank can not prove that they own a house then sorry Mr. Bank, you get bupkis until you can provide the documents required by law.

$20 says your industry starts crying about anarchy again real soon.

Seems Denninger has been right more often than the banksters. Well, at least publicly. One could argue that the banksters have been "right" since they did pull off the biggest scam/looting spree in history.


http://www.thedailyshow.com/watch/thu-october-7-2010/foreclosure-crisis

Funny clip about the banksters "mistake" that goes well beyond this one jackass breaking and entering.

 

[Darwin333]

You can change it you know.

There are no charges against anybody right now. The police are lazy and don;t want to get into it.

It has nothing to do with laziness.

The banksters are above the law. This has been proven on almost a daily basis over the last few years, not sure why anyone would expect breaking and entering to be any different.

 

[LegendKiller]

As I recall, it was your industry that was screaming about Armageddon, martial law, cats and dogs living together, etc... I don't recall Denninger ever predicting anarchy by the end of 08 but maybe I missed it. Source?



I thought the dollars value had been decreasing. Not long ago they had a big chart that showed the SPX went up almost in unison as the dollar went down. Seen commodity prices lately?



Don't recall that one either, source?



Is that why Congress very quietly passed HR 3808 with voice votes and no voting record kept? Thankfully Obama vetoed it but the bill was just to help those who made a few simple mistakes right? I wonder why they need an act of Congress for something that, if its just a simple mistake, should be rather uncommon?

Or could it be that the banks are again trying to break black letter law and if they are not allowed to break black letter law they could be in very serious trouble? Funny how you call people super special but its you and your industry that seem to continually get special treatment from the .gov including the "cops" ignoring blatant violations of the law.

Not only do I hope this lady wins her suite but I hope that EVERYONE who had their homes illegally foreclosed upon by the banksters win theirs as well. Furthermore, I hope that black letter law is enforced and if a bank can not prove that they own a house then sorry Mr. Bank, you get bupkis until you can provide the documents required by law.

$20 says your industry starts crying about anarchy again real soon.

Seems Denninger has been right more often than the banksters. Well, at least publicly. One could argue that the banksters have been "right" since they did pull off the biggest scam/looting spree in history.


http://www.thedailyshow.com/watch/thu-october-7-2010/foreclosure-crisis

Funny clip about the banksters "mistake" that goes well beyond this one jackass breaking and entering.

I'll refute the rest later. This one took me a while to find since Denninger himself has actually deleted *ALL* of his prediction pages from his website. Gotta love how he makes all of these wild-ass predictions, froths at the mouth, then deletes them when they turn into...nothing.

http://www.321gold.com/editorials/denninger/denninger030909.html

 

[Acanthus]

Link: http://www.rawstory.com/rs/2010/10/jp-morgan-thug-breaks-home-foreclosed/

First we give these assholes a lender of last resort when society is harmed by that, second, we legalize embezzlement for them and only them, then the tax-payer bails them out. And then they do this in return.

I hope this turns out the be the best thing to ever happen to this lady--that is, she sues the shit out of JP Morgan and gets this guy arrested for breaking and entering.

I also heard that Obama vetoed a bill that would put the burden of proof on the banks that someone wasn't paying their mortgage. I'm not sure if the source (Ellen Brown) was telling the truth though, as she has Hitlerite economic views (I fear that if we get rid of the Fed, then we won't have free-banking, but rather greenback nationalized banking).

I actually believe the bill he vetoed was the reverse. It absolved the banks of responsibility from the hundreds of thousands of fraudulent foreclosures they have performed in the last few years. They were performed with improper or outright falsified paperwork.

 

[Darwin333]

I'll refute the rest later. This one took me a while to find since Denninger himself has actually deleted *ALL* of his prediction pages from his website. Gotta love how he makes all of these wild-ass predictions, froths at the mouth, then deletes them when they turn into...nothing.

http://www.321gold.com/editorials/denninger/denninger030909.html

That little search button on his site works wonders.

2008 predictions

http://market-ticker.org/akcs-www?singlepost=2137282

Which other ones are you looking for?

Hell, he has a big link for his 2010 predictions on the home page. It includes his own "scoring" of his 2009 predictions where he readily admits the ones that he misses and the ones that he was right about. Doesn't look like he is hiding anything...... what else ya got?

2010 w/ comments on his 2009 predictions
http://market-ticker.org/akcs-www?singlepost=2138813

You really don't do much homework before making blatantly false accusations do you?

 

[Darwin333]

I actually believe the bill he vetoed was the reverse. It absolved the banks of responsibility from the hundreds of thousands of fraudulent foreclosures they have performed in the last few years. They were performed with improper or outright falsified paperwork.

Here ya go: HR 3808

http://www.govtrack.us/congress/bill.xpd?bill=h111-3808

 

[Acanthus]

Here ya go: HR 3808

http://www.govtrack.us/congress/bill.xpd?bill=h111-3808

Per the description, that is exactly what they were trying to do.

They wanted the computerized notarizations on documents that weren't even physically read from out of state to be automatically "recognized".

It sounds an awful lot like changing the laws to allow your illegal activities to continue.

 

[LegendKiller]

That little search button on his site works wonders.

2008 predictions

http://market-ticker.org/akcs-www?singlepost=2137282

Which other ones are you looking for?

Hell, he has a big link for his 2010 predictions on the home page. It includes his own "scoring" of his 2009 predictions where he readily admits the ones that he misses and the ones that he was right about. Doesn't look like he is hiding anything...... what else ya got?

2010 w/ comments on his 2009 predictions
http://market-ticker.org/akcs-www?singlepost=2138813

You really don't do much homework before making blatantly false accusations do you?

Where exactly was the link I gave?

Guess he changes his archive links, so here it is.

http://market-ticker.org/akcs-www?singlepost=2137938

I made one mis-statement in the last post. However, his "prediction" was a joke, as I mentioned above.

 

[Darwin333]

Where exactly was the link I gave?

Guess he changes his archive links, so here it is.

http://market-ticker.org/akcs-www?singlepost=2137938

I made one mis-statement in the last post. However, his "prediction" was a joke, as I mentioned above.

As I stated, he has a big ass link to his yearly predictions on his home page and the first half of the post is his recap on last years predictions. Sure it may have been a joke but he actually admits that it was wrong too. I have never read a post of his that says he is always right or that he is some sort of soothsayer.

With that said, he sure seems to be right more often than the people in your industry. He has documented and pointed out blatant violations of black letter law, obvious front running and insider trading, etc.... Of course you won't dispute any of that when you can latch on to a single post that he admits he was wrong about, I guess that is the easiest route for you to take. Don't refute or debate the post at hand but find something he was once wrong about and attack that. I assume in every discussion that Bernanke comes up in your only rebuttal is "but he said there was no housing bubble!" regardless of the topic?

I don't recall claiming you gave a link... I claimed HE had a big ass link on HIS homepage to HIS predictions including HIS analysis on HIS last predictions. I think he is generally 50/50 but at least he gives the reasons for his predictions on the front end and the reasons he missed when he updates them.

Of course, this thread isn't really about Denninger and he doesn't need me to defend him, its about the banking industry holding a metric fuckton of loans that they can not legally foreclose on because they fucked up the paperwork. It is hard to believe that the banks made an "honest mistake" when they shredded the wet ink signed copies of the documents. That also means that they misrepresented the product if they sold those loans to anyone because they did not have the legal right to sell them. We kinda call that fraud.

How about a specific question:

If the bank does not have the legal authority to foreclose on a house because THEY did not do their due diligence, what should happen? What about in situations that the paperwork required by law has been destroyed, should the banks allowed to foreclose on the property anyway in clear violation of the law or should the bank be forced to eat the loss?

What about the people who have already been foreclosed on when the bank signed an affidavit stating they had the legally required documents but in fact did not? Should the ex-homeowner have recourse and what should that recourse be? Did the person signing the affidavit and the entity he represented commit a crime that should be brought before the courts?

What do you suppose would happen if I tried some of that stuff?

 

[LegendKiller]

As I recall, it was your industry that was screaming about Armageddon, martial law, cats and dogs living together, etc... I don't recall Denninger ever predicting anarchy by the end of 08 but maybe I missed it. Source?

Proven.

I thought the dollars value had been decreasing. Not long ago they had a big chart that showed the SPX went up almost in unison as the dollar went down. Seen commodity prices lately?

proven

Is that why Congress very quietly passed HR 3808 with voice votes and no voting record kept? Thankfully Obama vetoed it but the bill was just to help those who made a few simple mistakes right? I wonder why they need an act of Congress for something that, if its just a simple mistake, should be rather uncommon?

Or could it be that the banks are again trying to break black letter law and if they are not allowed to break black letter law they could be in very serious trouble? Funny how you call people super special but its you and your industry that seem to continually get special treatment from the .gov including the "cops" ignoring blatant violations of the law.

Not only do I hope this lady wins her suite but I hope that EVERYONE who had their homes illegally foreclosed upon by the banksters win theirs as well. Furthermore, I hope that black letter law is enforced and if a bank can not prove that they own a house then sorry Mr. Bank, you get bupkis until you can provide the documents required by law.

$20 says your industry starts crying about anarchy again real soon.

Seems Denninger has been right more often than the banksters. Well, at least publicly. One could argue that the banksters have been "right" since they did pull off the biggest scam/looting spree in history.


http://www.thedailyshow.com/watch/thu-october-7-2010/foreclosure-crisis

Funny clip about the banksters "mistake" that goes well beyond this one jackass breaking and entering.

Let's get a few things straight.


1. The vast majority of these people have still refused to pay their bills, whether they can or not. They are massively delinquent and should be in foreclosure.

2. The title conveyance is largely intact. The MERS system is being mis-classified and the titling of the assets is still recorded in the county recorder office. The UCC filing for the actual loan as well as the UCC allonge, can be traced through in almost all cases. In those cases it cannot be traced, it can either be traced "in blank" (Section 3-104(c) IIRC of the UCC), or through the prior "holder in due course". There is ample case law for this.

3. The heart of the problem is paperwork. The workers in the judicial foreclosure states had to review the documentation, payment records...etc. However, in the interest of expediency it doesn't seem like a complete review was performed. Some mistakes seen to have been made but they do not appear to be widespread and are a very small % of the entire foreclosure population.

That is not to absolve the Servicers from not performing the required checks, as they should have done that. But on the face of it, the problem is procedural, not factual, and the fact remains is that these people signed a contract to purchase a home with other peoples money. The promissory note said that if they didn't pay, the house could be taken away. They didn't pay and the house is being taken away.

That is the base issue. To think that they should be seeking damages against a factual occurrence (default) with procedural covers reeks of yet more dodging of the actual dfault.

However, this is not a surprise, as people are more interested in getting "their own" rather than doing what is right. Doing what is right would entail them to not think they are entitled to more than they really are. That would mean they would leave the house and give it back without a fight. However, these people will try to fight this out, further exacerbating an issue in which they willfully participated in (housing bubble).

After all, you are defending the same people who weren't looking for a home but were looking for a 33:1 levered asset (assuming a 3.5% DP, if that). When it comes to banks, you are not willing to jump to defense but when it comes to deadbeat obligors, you are.

Why is that?