Reply #33: The system WAS a game. It was a vast, pre-meditated

[sabrina 1]

crime of massive proportions. Millions were driven out of their homes without due process, while the Lenders were profiting from the foreclosures, which is WHY they were not responding to requests from homeowners for loan modifications.

Is it 'fucking fine' with you that mortgages were divided up and sold as part of investment packages, and if they went into default, all those packages were insured, meaning the same mortgage could be collected on several times? It was MORE profitable to drive people out of their homes than to help them stay?

And often when they went to court to file the final papers, these criminals never revealed to judges that they had already profited possibly four or five times over on the same home?

I think you need to educate yourself on the massive fraud involved in this Ponzi Scheme. The homeowners are the very least of it. WE were all cheated.

I would love to hear this president do what other nations are doing, start investigations and prosecutions of the actual criminals. But this statement from his is just beyond belief to anyone who has been following this story.

In fact he is clearly doing the bidding of Wall St. as it was reported recently that as more and more of the corruption is revealed, the Banks planned to use homeowners to deflect from the crimes committed against the American people.

Why, eg, do you think there were so many foreclosures over the past few years? There have always been legitimate foreclosures and the % of those probably remains the same. But this mass foreclosure crisis was NOT because people are deadbeats, it is because we have a crime some are describing as one of the biggest in history, that has yet to investigated.

I am very grateful to the few homeowners who stood up and fought back leading now to several major lawsuits which made it possible to start looking into the fraud. And this administration would like to limit people's right to file civil suits when they believe they were wronged? Can it be any clearer whose side they are on?