Saturday, January 02, 2010

Change (10-27-09)

It appears the "law" is catching up with Dorean. There are current two cases before the Supreme Court this session that could overturn my conviction. Also more and more "lenders" are having their fraud exposed in court cases across the country. There is an example in the book of Ezra where the work of God was derailed by political powers. In time though God converted this evil and jealous machination into the very gift of liberation. Then those who thwarted became the agents of provision. This is God's way and those who knows it are at peace until time delivers.

Is this religious rhetoric or a statement of a fact? You be the judge but judge your self wisely in your determinations.

My appointed lawyer is quitting the game. This is another example of time validating a fact. She quit before she even started. If I gave no concern for the subject matter I can assure you she would have been successful of confirming the conviction as her farewell to an incompetent career. Many judge my morals but perhaps I am not the one preying upon innocence. This system is perched full of misanthropic vultures. And these are the lauded in society. Nothing has changed among institutions except the generations.


near the end said...

Near The End!!!!!!!!!!!

judge allslop said...

"It appears the "law" is catching up with Dorean.There are current two cases before the Supreme Court this session".
Sounds like the joker talking to the thieves. The law suits are ramping up, Credit Suisse,BofA ,Cty Wide are being litigated by MBIA Ins Corp, a lot of interesting language in that suit. Corruption , assignment, bank fraud, bankruptcy, conspiracy, criminal, foreclosure, Foreclosure Fraud, mortgage electronic registration system, Mortgage Fraud, predatory lending are words you never heard (banking side)in the stream a couple years ago. The TARP Fund management, the Stress Test farce, the orders not to lend, the ban on shorting bank stocks, the offered interest for USTBonds held at the USFed, the assistance in bank merger raid of deposits, these all smacked of continued failure from dedicated service to the crime syndicate elite. A report that G Sax employees are arming themselves as good criminals should,however it's doubtful they would ever see it coming.

habakkuk said...

We have entered a new season (It actually already started in 2009). This is a time to "LOOK AGAIN". Look at what has obstructed and hindered in the it start to slide down and get expelled. All the crap that has tried to plug up justice is about to get a salt water flush. God says "you are the salt of the earth"...and what good are you if you don't have saltiness??

MATTHEW 5:10-13
Blessed are those who are persecuted for righteousness’ sake,
For theirs is the kingdom of heaven.

11 “Blessed are you when they revile and persecute you, and say all kinds of evil against you falsely for My sake. 12 Rejoice and be exceedingly glad, for great is your reward in heaven, for so they persecuted the prophets who were before you.

13 “You are the salt of the earth; but if the salt loses its flavor, how shall it be seasoned? It is then good for nothing but to be thrown out and trampled underfoot by men.

So, get reday for the flush!...the combination of WATER (MY SPIRT) and SALT (YOU). Keep making declarations and decrees (THE WORD) of victory and you will soon see the manifestation of what you have waited for. DONT LOSE YOUR SALTINESS! That crap that has caused pain and sickness is about to go. The men that have promoted the back up are about to have their own sewage problem. They will soon be knee deep in it. They had their opportunity to do right....but it is past. The bowl of judgement has tipped and to them its about to be a toilet bowl. The s$#@t has hit the fan!

habakkuk said...

I'm going to keep fasting, praying and prophesying until I see G-d do it.

I know they hate that old Habakkuk has stuck around for 5 years...too bad! Theres no way i'm shuttin up now.

Joseph said...

I read an interestingly insight why lending has dried up & why real estate has fallen in value & why pretty much the real estate market seems gloomy now. What has kept real estate values stable & appreciating has been the ability to get financing easily. Now that this element is gone for the most part, and the rules have changed, real estate values have plummeted.

For example, if a lender has 100 million in cash(deposits), and has 200 Million in non-performing loans (REO's), than the lender CAN'T LEND A DIME & are forbidden to do so by their own guidelines. This is their incentive to get rid of REO's as fast as they can. So there's a 2-1 relationship (Bad debts to cash/deposits) here where lending is non-existant. So in order for the lender to be back in the lending business, they need to get rid of their REO's or make them a performing asset again where income is coming in on a consistent basis.

For example if a lender finances & sells an asset & takes monthly payments (even seller financing), the asset is performing again, and they've freed up assets to lend 9 times the value of the asset they freed up off their books as a bad asset.

Since cash is hard to come by these days, without a bailout, many smaller institutions like credit unions or regional banks, are even willing with little or no down payment, will finance an REO IF YOU ASK.

They probably won't even care about your credit. Many institutions will have to resort to creative means now in order to increase their liquidity. One way lenders are taking bad assets off their books is selling REO's in bulk packages, maybe 100 bad assets or more in some packages. These packages are often sold 20-35 cents on the dollar. Even notes/mortgages are sold at huge discounts too. This is where millions of dollars are made quickly by buying distressed assets in bulk at rock bottom prices & reselling them in an arbitrage situation.

judge allslop said...

The data is alarming, as 59% of new home buyers rely on loans from USGovt-backed agencies, like the Federal Housing Admin, the Veterans Admin, and the USDept Agriculture. Most home sales are driven by the first time home buyers. They are enabled by federal tax credits, which has been extended through April 2010. Existing home sales are now being driven by the tax credit. Far too many home sales involve foreclosures, the majority of which are short sales. A short sale involves a bank loan greater than the home sale price. Such distressed sales accounted for 30% of existing home sale transactions in 3Q2009. According to the Natl Assn Realtors, home sales have jumped by first time home buyers seeking to beat the previous November deadline. Future sales will surely be robbed, as demand is pulled forward, a negative impact. The same effect is seen with Clunker Car Programs, another short-sighted idea by the USGovt. Mortgage rates are now at 30 year lows, yet market results are non-existent. The average 30-year mortgage rate was 4.95% in October, lower than the 5.06% average in September, according to Freddie Mac data. In early December, Freddie cited a mortgage rate at 4.7%, even lower. What we have is a disguised liquidation on the fringe, that has been moved to the center, during a concealment of the core home inventory held by banks, amidst a continued bear market in housing. This is anything but a healthy housing market, incapable of recovery. Despite all the official efforts, home prices are still falling. Bear in mind that the Home Loan Modification programs are a total sham, intended to block lawsuit avenues from bond investor claims and to impose 'Top Down' solutions that cover up multiple title usage in bond fraud, and redeem counterfeit mortgage bonds with no property title linkage at all.If the USGovt and USFed stop buying US$-based official bonds, those bonds must fight on their own in the bond market for proper valuation. That means higher yields and lower price. The marketplace does not want such bonds, so if the USFed sheds them, they will find a suddenly lower value. A crash in mortgage bonds would occur, which is precisely what was happening until the USGovt nationalized the Fannie Mae cesspool of acidic toxic bonds. Foreigners had begun to dump them, led by China. The Fannie Mae nationalization maneuver also covered up the fraud, involving past presidents, and removed the potential for lawsuits by defrauded investors. No matter what, the public will be issued the bill.

judge allslop said...

Hell no, not even close,this is only the begining (trillions)of a black hole and furthur quanatative easying to infinity.

Dec. 31 (Bloomberg) -- Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at the American Enterprise Institute.
“The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said.

Mortgage free said...

i'll bet you your settlement money in july 2010

Where are these facts coming from Joseph?

Yetter said...

Ask taycamstu.

Joseph said...

i'll bet you your settlement money in july 2010

Where are these facts coming from Joseph?
Mortgage Free:
What do you mean? You mean the fact that "Justice" doesn't believe there will be a settlement ever, let alone a belief in a settlement sometime around July 2010? LOL

Is that the fact you are asking about? Or the fact that domestic bank accounts of Dorean were seized? by the FBI? That fact was printed in the press or haven't you kept up with articles that have been printed?

"Justice" merely stated that the offshore account where there was believed to be about 3-4 million was not seized by the government but kept or inherited by D. Cameron, who possibly may have even lost those funds if you believe some things that have been said and statements that Mr. Cameron's financial adventures haven't worked out as anticipated either, so maybe even he hasn't done all that well financially in the last several years.

Maybe one example might be shown that the First Mutual Trust of Switzerland didn't renew their corporate charter a few years back, so apparently, they aren't even a registered legal entity anymore. Not sure how you can go from an alleged 800 million in assets stated as a fact by many, to nothing or cease to be a registered legal entity after having so many assets unless there is some sort of mismanagement of funds or bad investments or poor decisions. Just my opinion though on the reasons behind the seemingly fall of First Mutual Trust of Switzerland.

Mortgage free said...

Joseph you made the statement which basically said you thought there would be a settlement in July. With all the talk of the Dorean money being seized was it just bullshit or do you really think it is going to happen. If so why do you think this.

judge allslop said...

the Fed passing the baton to the Treasury (tungsten Timmy)with the caps being lifted on Fanny and Freddie . Like George Washington (the Chairman) crossing the Delaware on Christmas Eve, this was the second greatest stealth in US history.

judge allslop said...

"There are three sorts of economist. Those who can count, and those who can't."