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Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks

BanksterBy Ellen Brown

Source: Global Research

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound. Continue reading

Ten Square Miles of Criminal Enterprise

By: Devvydevvy
February 23, 2009

© 2008 – NewsWithViews.com

Events over the past five months since the carefully orchestrated storm was set for bank “bail outs” should make it clear to any American not walking around in a self-imposed coma that we have crossed the Rubicon. As I have written for many years: Non essential businesses will continue to go under as Americans only have enough disposable income for absolute necessities like shelter, food and transportation to their jobs or the unemployment office. This massive give away by Congress since last September is simply sealing our fate.

Americans are frightened, confused. Already we’ve seen several tragedies where fathers have killed their entire families and themselves because he’s lost his job and the bills were piling up. We will see more and worse. We the people are now being held hostage with a gun to our head to aid and assist in the final destruction of our constitutional republic. We are being held hostage with the gun of government to our heads to fund the final destruction of capitalism, freedom and liberty. READ MORE…

Just Go Shopping

rescued

Remember George W. Bush’s infamous words in the face of a crisis – “just go shopping?” Well, now we hear from Barack Obama, in the face of a complete global financial meltdown, that the stimulus package he just rammed down our collective throats will help us to do what? JUST GO SHOPPING! Right. Things will be back to normal in no time, and we can JUST GO SHOPPING. Read the following from Reuters, and ask yourself, just who is he trying to kid?

But wait, I forget. The players behind the scenes aren’t going to hurt one little bit, are they. In fact, they stand to gain quite a bit when they effectively siphon the world’s wealth directly into their elitist pockets. And the rest of us? Well, we had better get used to the feudal system revisited.

Soros sees no bottom for world financial “collapse”

NEW YORK (Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. 

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union. READ MORE

Militarizing Police Depts. With Your Bailout Money

apc

By texpat at the Lonestar Times

George Orwell, call your office !

If prostitution is the world’s oldest profession, then city mayors follow a very close second.  In fact, it occurs to me they may be the spiritual offspring of the aforementioned liaisons.  Whenever there is loose change or unclaimed dollar bills laying around, mayors can smell them a mile away and if a Sugar Daddy offers free cash, they never stop to question what the vigorish might be.  The urban emperors, suburban commissars, the hack and the highbrow, the Republican and Democrat, the apolitical and amoral, the exurban apparatchiks all assemble to line dance down Pennsylvania Avenue like ladies of the evening on the way to a golden score with Big Daddy.

The United States Conference of Mayors has assembled the most ridiculous and repulsive example of government excess I think I have ever seen.  Here is a PDF file of the document which stretches to 344 pages.  One of the most alarming features of this civic gluttony is the gift list request for funds to buy military SWAT assault equipment for police forces like the examples offered here by Texas blogger and Reason.com contributor, Trey Garrison:

READ MORE…

Worst economic collapse ever

In 2009 we are going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster.

 

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