Thursday, January 13, 2011

Federal Reserve Planning to CHANGE LAWS of TILA - TO STOP FORECLOSURE LAWSUITS AGAINST BANKS! M.F.s!

The Federal Reserve plans on making changes to the TILA (Truth in Lending Act) laws, where homeowners will find it impossible to sue Banks and prevent Foreclosures!  This is despite the outcry from consumer groups and even the Senate Finance Committee!

What else did we expect from the M.F.s!?

I would like to know, WHY the govt. - our elected officials even gave control over the banks and the people and their rights to a NON GOVERNMENT Entity - Which is what the Federal Reserve is!  THE FEDERAL RESERVE IS A PRIVATE BANK - NOT A GOVERNMENT ENTITY OF THE UNITED STATES!

First you need to understand that, to understand why they could not give a flying F**k about the people!  So, why would our elected officials who are suppose to watch out over you and me, give them the control over our rights against the banks?!

When will this stop?!

If there was ever a call to action - IT IS NOW!

WE CAN NOT HAVE OUR RIGHTS AS U.S. CITIZENS AND OUR LAWS GIVING US OUR RIGHTS BE TRAMPLED AND OVER TURNED BY THE FEDERAL RESERVE - A PRIVATE BANK!




The Federal Reserve plans on making sure, if anyone wants to sue a bank for FRAUD they have to pay IN FULL the mortgage amount before they can sue!  WTF?????!!!!!!  In other words - if you don't have the full amount of money for your mortgage you CAN NOT SUE!  How the F**K are our elected officials allowing this?!

Oh, The Federal Reserve says it is hurting the economy, by people suing the banks!  What a F**king Unbelievable  statement - in other words the banks can commit FRAUD all they want on people!

You do realize after this takes affect - The Banks will screw EVERYONE left and right - they will not have to be accountable to any loans or Fraud they commit EVER!

Portion of article:

The Federal Reserve is moving ahead with plans to change the right-of-rescission rule as part of the Truth in Lending Act (TILA) despite intense outcry from consumer advocates, civil rights groups,  and top members of the Senate Banking Committee.
 
Revised TILA will require borrowers to repay a mortgage in full before a loan is rescinded. Consumer groups say the measure is designed to prevent homeowners from using the right-of-rescission protection as a defense against improper foreclosure.
.
The Fed’s proposal is designed to ward off frivolous lawsuits that will delay foreclosures and have an adverse impact on economic recovery by ensuring “a clearer and more equitable process for resolving rescission claims” that closely mirrors present court requirements. The central bank wants to lift what it views as undue compliance burdens and litigation risk for creditors.
.
The Truth in Lending Act was passed in 1968, giving homeowners the right to rescind, or cancel illegal loans for up to three years after closing the transaction when borrowers are not provided with requisite disclosures at settlement.
.
Foreclosure attorneys have used the rescission clause to help homeowners in numerous cases involving predatory lending where faulty and fraudulent disclosures were key pieces of evidence.

It is when I am seeing red - I use foul language and right now - I am seeing red more than ever!  If there was ever a moment in time, where it is proven the banks have control over our government and our lives and it is being shown they are bankrupting all Americans, it is now!

Considering the Federal Reserve will continue to dump money in the laps of banks and the bankers walk away with billions in bonuses every year, but as of yesterday the Federal Reserve has said it will NOT HELP States in bailing them out.   What does that mean?  States may have to stop paying people their pensions!  So in other words the Federal Reserve will NOT HELP you and me in any way shape or form!

THIS IS WHAT WE GET FOR ALLOWING CORRUPTION AND NOT PAYING ATTENTION TO WASHINGTON OFFICIALS FOR DECADES!  WE GET THIS FOR LETTING THEM LIE TO US OVER AND OVER AGAIN AND BELIEVING THEM AND THE MEDIA!  We will have NO protection from the banks in any way come July 11th 2011! 


What Really Happened inserted this video in regards to this article! I am now inserting it here! Thanks Michael for bringing this video out and to our attention!



I feel we HAVE TO DO SOMETHING! Even though our elected officials have not paid attention to our voices before! WE HAVE TO CALL THEM AND LET THEM KNOW OUR OUTRAGE AT THIS! THEY HAVE TO STOP THE FEDERAL RESERVE FROM TAKING OUR RIGHTS OF SUING THE BANKS DUE TO FRAUD! Every time I think, nothing else will shock me about what outrageous things are going on...... I get shocked over and over again on how our government is allowing Private industry and banks to rule the people and laws!

EDIT - HERE IS RON PAUL'S D.C. PHONE NUMBER: 202-225-2831

WE ALL NEED TO CALL IT AND CALL YOUR LOCAL CONGRESS AND SENATOR
LINK TO FIND YOUR ELECTED OFFICIALS NUMBER:



 LET THEM KNOW THIS IS UNACCEPTABLE FOR THE FEDERAL RESERVE TO CHANGE THE RIGHTS AND LAWS OF THE AMERICAN PEOPLE!  WE DID NOT VOTE FOR THE FED - THE FEDERAL RESERVE IS A PRIVATE COMPANY/BANK - THAT IS NOT OWNED BY AMERICANS, BUT BY FOREIGNERS!  THEY HAVE NO RIGHT TO TAKE AWAY LAWS PLACED TO PROTECT THE AMERICAN PEOPLE AGAINST THE FRAUD OF BANKERS!

ANOTHER EDIT - I called Ron Paul's office, the woman who answered said "Ron Paul, is aware of the TILA changes by the Federal Reserve".  I asked what is he doing about it?  She transferred me to a voice mail to leave a message to speak to someone about it.  I left a message basically saying exactly what is above!  IT IS UNACCEPTABLE A PRIVATE BANK CAN CHANGE THE LAWS AND RIGHTS FOR THE AMERICAN PEOPLE!  OUR ELECTED OFFICIALS HAVE TO STOP IT!  I said, I have a blog and posted this phone number for everyone to call and I will look forward to putting what Ron Paul is doing about this situation!   If I hear anything back, I will immediately post it!  


Another Edit - I have called my elected officials and let them know they can not allow a private bank to change our laws and rights.  The people who answer say "they will pass my concern along"!   Guess I won't be holding my breath about it!  




We can not allow our sovereignty to be completely handed over to a foreign entity!  It can not be allowed!  We must stand up against this!  We need to hold our elected officials accountable to giving our rights and laws away to a bank in full public view!  We are no longer a sovereign nation upon allowing the Federal Reserve to control our laws and rights!  This was not the left or right who did it, it was ALL of them who did it!  They are ALL under control of the banks and corporations including foreign ones!  We are no longer a nation of "For the People and By the People"! Only if we stand up and raise our voices so loud that they can not be ignored, will we get our rights and government back!  
  IMPEACH ALL OF THEM IN WASHINGTON D.C.!!

EDIT - 1/14/11 - Huffington post has an article about what the Federal Reserve plans on doing:

Portions:

Unsurprisingly, banks support the move, but consumer advocates say this would essentially make rescission worthless to borrowers.

"The ... proposal would eviscerate the single most effective tool that homeowners have to stop foreclosures and avoid predatory loans," reads a letter penned by Margot Saunders of the National Consumer Law Center and signed by 16 national public interest groups, along with 33 state housing and legal aid groups and 144 individual attorneys. "Passage of the proposed rule will considerably exacerbate foreclosure statistics in this nation."

According to the Center for Responsible Lending, 2.5 million homes were lost to foreclosure between January 2007 and the end of 2009, and another 5.7 million stand in "imminent" danger of foreclosure today.
"I view this as nothing less than a criminal ploy to shove hard working Americans out of their homes and onto the streets," wrote Ann Capotosto in an undated comment letter. "It is immoral and must be stopped."

"Think of mankind for once, please," requested Larissa Cavanaugh in a Dec. 4 letter.

"Have you lost your minds?" inquired Beth Findsen in another letter from Dec. 4. "In the depths of an unprecedented catastrophe for the middle class, related to the predatory loans and their rapacious securitization by the financial industry, resulting in millions of middle class Americans losing all of their wealth and their homes, you want to loosen TILA? Are you tone deaf? Have you lost your humanity entirely?"
 

11 comments:

  1. The FED is a bank. Why would they side against the banks?

    ReplyDelete
  2. When will it stop?!? WHEN BRAIN DEAD CITIZENS OF THE U.S. STOP PAYING THEIR TAXES AND TURN THEIR BACK ON FEDERAL RESERVE NOTES!

    This is the ONLY solution to the economic catastrophe being forced down our throats and even down our unborn great grandchildren's throat! Wake up people!! It is not wrong to refuse being enslaved to a debt you had nothing to do with! It is not wrong for you to refuse handing over the fruits of your labor so that it can be misused for criminal acts like wars of aggression and down payments for some fat senator's new yatch! This government is no longer valid because of it's courageousness and blatant disregard for the PEOPLE'S best interests not the criminal banks or Israel's!

    ReplyDelete
  3. The U.S. Government is supposed to be BY THE PEOPLE, FOR THE PEOPLE.

    Why would it side with the banks?

    ReplyDelete
  4. Most bankers and politicians and corporate CEO's of this country are outright criminals and we can't touch them legally because they control the laws. It is criminals telling you what to do. The most immoral of men and women, who kill, plunder, theive, and lie as they please. I sense so much anger out there, that the prospects of a French revolution seem very real. One thing is certain though, these monsters will never, ever, stop what they are doing. Yell all you want.

    ReplyDelete
  5. Another red-herring issue. Only the HOLDER or a VALID assignee of the HOLDER of the actual physical ORIGINAL note and mortgage has the right to enforce (foreclose). See UCC 3-301.

    A COPY of an ORIGINAL has no value. A COPY of an original can NEVER BE the ORIGINAL.

    You cannot cash a COPY of a Federal Reserve Note. Try it!

    Likewise, the banksters cannot make you "cash" a COPY of the ORIGINAL note and mortgage.

    You must make the OBJECTION!

    Why would you want to rescind something that is a nullity ab initio?

    ReplyDelete
  6. As long as Americans whine, whimper and accept their pain without retaliation, they're either COWARDS or SLAVES of the Wealthy who BOUGHT Congress, OWN the BANKS and are STEALING your Homes and DESTROYING your Childrens' FUTURE.

    You Take ACTION or LOSE YOUR RIGHT TO ACT!

    ReplyDelete
  7. QUESTION: Why would anyone in their right mind contemplate rescission of a signature that cannot be proved to exist?

    A photo-copy image on paper (hereinafter “COPY”) is NOT the THING imaged by the COPY.

    A COPY of a baby IS NOT THE BABY!

    A COPY of a signature IS NOT YOUR SIGNATURE!

    Try to cash a COPY (certified-attested whatever) of a $1M Bearer Bond at the place where such bonds are cashed. Make a scene, insist on cashing the COPY, and experience the unpleasant consequences of your stupid claim!

    Why would anyone fall into the TRAP of claiming the right to rescind a COPY of a signature?? Are you just that STUPID?

    Claiming the “right” to “rescind” a COPY of a signature lends credence and colorable validity to the UNPROVED CLAIM of the existence of the ORIGINAL writing bearing an actual signature.

    Now, do you comprehend why the courts consider most people to be STUPID, STUPID, STUPID?

    The ONLY way to prove the existence of the REAL and EXISTING $1M bearer bond is to produce the actual bond! Would the issuer of the REAL bearer bond claim the right to "rescind" the signature on the COPY of the bearer bond? If you possess the ORIGINAL, then, why would you need a COPY?

    The ONLY way to prove the existence of the REAL, breathing, living baby is to produce the baby! If you are in possession of the REAL, live, living baby, then, why would you need a COPY?

    The ONLY way to prove the existence of the REAL $100 Federal Reserve Note is to produce the actual Federal Reserve note! If you are in actual possession, and have claim to the ORIGINAL Federal Reserve Note, then, why would you need a COPY?

    THINK!

    ReplyDelete
  8. Feds can't change TILA, only Congress can.

    But, people do need to start making a stand. "Consent of the governed" means that they will keep on doing until everyone stops consenting to what's being done.

    ReplyDelete
    Replies
    1. THE fEDERAL RESERVE RUNS EVERYTHING...NOT OUR GOV.......RESEARCH

      Delete
  9. Well, they are, Congress gave them the power. The Dodd Frank bill gave them the power of overseeing the banks. So the Fed is changing our rights and laws.

    I sure hope people are calling Ron Paul and their elected "elite" officials of Wash. D.C.

    ReplyDelete
  10. The courts routinely nullify wooden-headed "laws" passed by the steers and other perverts in Congress.

    We ALL have the power to totally stop "their" BS scam and scare tactics by demanding to inspect the ORIGINAL note and mortgage. Inspection of the ORIGINAL note & mortgage is NOT an unreasonable demand.

    A COPY is a COUNTERFEIT, FORGED, PHOTO-SHOPPED & FRAUDULENT image designed to DECEIVE!

    ALL law is based upon CASE LAW DECISION made by the COURTS. The U.S. Code is NOT the LAW. The LAW is recorded in the STATUTES AT LARGE. Same for States. The codes are "prima facie" evidence of the laws.

    A COPY of a security is a FRAUD!

    Read Carpenter v. Longan, relied upon by Kansas S.Ct in 2009 to kick MERS to the curb.

    Carpenter v. Longan, 83 U.S. (16 Wall.) 271, 274 (1872). (Access Carpenter here: http://supreme.justia.com/us/83/271/case.html)

    Carpenter relied upon as basic law in Landmark Nat’l Bank v. Kesler, No. 98,489, by the Supreme Court of the State of Kansas, (August 2009). http://www.kscourts.org/Cases-and-Opinions/opinions/supct/2009/20090828/98489.htm

    THINK! RESEARCH! Don't be a "knee-jerk" reactionary. Always surprised, are you?

    Maybe, you are NOT doing your "homework."

    . . .

    ReplyDelete

Thank you for commenting. I moderate the comments due to a mass amount of spam, even though there is a word verification needed. I also moderate them due to some very foul and violent comments at times. Thank you for understanding. I am not at the computer constantly so sometimes it takes a little longer for the comment to show up. I appreciate hearing from you and you adding your voice to the conversation. Sherrie