George E Babcock
Fri, Jan 20, 2012
Subject: Bank of America CEO in Trouble for Foreclosures
An excerpt –
“The March of the AGs
When Massachusetts Attorney General Martha Coakley went to court in December against MERS and five major banks-Bank of America Corp., JPMorgan Chase, Wells Fargo, Citigroup, and GMAC-John O'Brien said he was thrilled. Coakley says the banks have "undermined our public land record system through the use of MERS."
Occupy The Neighborhood
How Counties Can Use Land Banks and Eminent Domain
By Ellen Brown
Since his inauguration, President Obama had neglected to make a single payment on the home he'd shared with his wife and two daughters, while the house itself fell into grave disrepair.
"The place started to become a real eyesore," said Kevin Deckman, who owns a home on the opposite side of the street from the former Obama residence. "The lawn was nothing but weeds, and there were a bunch of stray cats that would come and go through an open window, I think. It was a real health hazard. I had to tell my kids to stay away from the Obama house so they wouldn't catch rabies."
"They had a TV on in that house that was on 24 hours a day for months," said Kravitz. "The volume was way up and it was on one of the Spanish stations. Why would they be watching a Spanish station in the first place? And then to leave it on full blast? It's just so inconsiderate."
Daniel Broyles, a spinal surgeon at the University of Chicago Medical Center, purchased the former Obama home at a foreclosure auction last May and was headed to his kitchen Wednesday night when he caught the president trying to jimmy open the side door with a credit card. "He came through the door, and we both had this moment where we were looking at each other like, 'What are you doing?'" When Broyles explained to Obama the circumstances by which he came to own the house, the president apologized and left.
In Washington the next morning, Obama downplayed the foreclosure as a minor inconvenience. "Whatever. It's cool," said Obama. "It's not like the girls and I don't have anyplace else to go. So I was too busy creating jobs and killing Osama bin Laden to remember to mail a check. Whoops."
Obama added, "If anything, I think this shows other Americans undergoing foreclosure that it doesn't matter if they're irresponsible or bad with money, because so is their president."
Tags: Bank of America Freclosure Fraud, Bank of America Mortgage Fraud, Brian Moynihan, Ellen Brown, Foreclosure Gate, ForeclosureHamlet.org, Fraudclosure, George E Babcock, John O'Brien, Land Banks and Eminent Domain, March of the AGs, MERS, Obama Hyde Park Home Foreclosed, Occupy the Neighborhood, WebofDebt.com