PRETENDERS TRYING TO TAKE OVER COURT SYSTEMS THROUGH LEGISLATIVE ACTION UNCONSTITUTIONAL? SO WHAT?

23 Mar

From Neil Garfield:

WALL STREET, realizing it really doesn’t have a leg to stand on in Court and that an increasing number of decisions are going against them for simple, black letter law reasons, is attempting an end run around the Court system. In Florida a House panel has moved a bill that would give the legislature power over rule-making IN THE COURT SYSTEM! It sounds innocuous — but what it does is allow pretenders to foreclose even when they lack standing, are not the real party in interest, are not the creditor and have no legal relationship with a creditor that has a legal interest in a home loan. They are going to redefine those legal precepts that have governed an orderly society for hundreds of years so they can GET ANOTHER FREE HOUSE — ACTUALLY MILLIONS OF THEM TO ADD TO THE MILLIONS THEY HAVE TAKEN.

I don’t know when some clerk in a recording office is suddenly going to be in full realization that these houses are being stolen contrary to the law the clerk swore to uphold, but it’s coming. The  homes are being “bought” with a piece of paper (like a derivative) that has no value and contrary to law in the form of what they are calling a credit bid. But the credit bid can ONLY come from a creditor.

SO you have a company that lent no money, purchased no receivable, received no note or mortgage, nor any valid agency authority making the bid and then the title gets whipped around and put into entities that are “bankruptcy-remote” (code for protecting the thieves) and who are taking their order from unidentified people who work for unidentified companies contrary to the interests of either the investor who put up the money or the borrower who put up his home as collateral on a loan that was misrepresented to both as being worth less than the value of the property when the truth was quite the opposite.

WHILE THEY CONCEDE IT WOULD TAKE A CONSTITUTIONAL AMENDMENT TO DO IT, THAT IS EXACTLY WHAT THEY ARE PUSHING IN FLORIDA AND OTHER STATES. IT IS A FRONTAL ASSAULT ON THE BASIS OF  GOVERNMENT WE HAVE — THREE BRANCHES EACH WITH THEIR OWN POWERS THAT CANNOT BE ASSUMED BY THE OTHERS.

If they succeed, the very act would be unconstitutional on the Federal level but who cares? They will have passed a law, changed the state constitution, and given themselves years to acquire more FREE HOUSES. Just because they didn’t make the loan, just because they didn’t buy the loan and just because they purposely lied to the borrower and the investor at both closings (where the investor put up the money and where the loan was funded) — that’s no reason to put an absolute stop on foreclosures!

The good news is that we are seeing desperate measures from desperate people. The house cards is about to tumble and neither the government nor the megabanks can stop it. The plain truth is that the banks have no real assets to support their structure or infrastructure but they are pretending they do and the government is letting them. Funny how the free market and separation of three branches of government is going to make the correction — another example, bankers, of be careful what you wish for.

The bad news is that it is going to work unless people get active and let their legislators know what is going on. Let them know you want the government that America started with and no redo’s, losing the court system as a check on the powers of the legislature and executive branch. If they win, America is over with two branches of government instead of three. It is the same thing as those contracts with insurance companies and investment firms that provide for “arbitration” with their own arbitrators. The independence of the judiciary will be destroyed, along with any chance for anyone to get a fair shake. The coup d’etat is not nearly over. We are still only in the 3rd or 4th inning of a nine inning game. You are up to bat. GO GET ‘EM!!!

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