Friday, October 15, 2010
Foreclosure Fraud = Failing Banks = Pension Fund Problems ?
I've been hearing a lot about Greece and the riots and stikes due to the huge debt load that the country can no longer afford. It has spread to other European countries as well. Argentina has gone through similar. In fact Switzerland is one of the few countries with low debt ratio. I must admit I don't understand it all but I'm learning.
The greed of the banks in America very well could be our undoing. I caution the government officials, when going after the banks, do not get big settlements for future foreclosure prevention or cleanup, but to return the money to those who have lost their homes wrongfully or are in process. Send the criminals to jail and restore Americans rightful ownership. Fraud visciates everything.. there was fraud so there is no contract, no loan , no foreclosure.
“Fraud destroys the validity of everything into which it enters,” Nudd v. Burrows, 91 U.S
426. “Fraud vitiates everything,” Boyce v. Grundy, 3 Pet. 210. “Fraud vitiates the most solemn
contracts, documents and even judgments,” U.S. v. Throckmorton, 98 U.S. 61.