Let's sue the Greedy Bastards that Made a Mess of the Economy

Do you struggle to understand the "why" of our current economic problems happening in our country?
I really didn't care until it affected me and my business, and then I had to figure out the WHY because I'm a single mom, always worked and paid to rear my two boys myself. Never asked for a hand out or had to go on welfare.
It's kind of like a splinter in your finger. Until it hurts, you don't take it out.
Well, isn't it hurting real bad for the majority of folks across our nation right now?
I have come to realize or understand the extent of the corruptness in our government, the FDIC, Federal Reserve, OTS (Office of Thrift Supervision), why all those banks failed.
Don't you wonder why so many folks are in foreclosure?
Why Onewest Bank just posted a $1.6 billion PROFIT (3/2010)- when they just opened their doors March 2009 by buying all those toxic assets of failed Indymac Bank?
How deep is the corruption?
It isn't that difficult to understand if you start at the beginning.
If you google Reagan Administration Scandals you will see the Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion of taxpayer monies. When these banks failed the FDIC was supposed to step in and "insure" the depositors up to $100,000. But the FDIC ran out of money. So the Feds started lowering interest rates. All during the 90's rates dropped, "paper money" was created on banks books, thus forstalling the inevitable, of having to shut them down. BUT, eventually they couldn't lower rates any more.
The google Mortgage Backed Securities (another Ponzi game they came up with) To get the investors to invest their money these pools, they were told the pool would be insured against losses usually by AIG, who got bailed out by our tax dollars to the tune of $175 BILLION dollars!
FAKE or TOXIC Loans - The reason the insurace had to pay these pools of investors was because likely a copy of the Promisory Note (like yours and mine mortgage loan promissory note) was used to create another Pool of Loans, because the Original had been purposely shredded by a company called MERS (Mortgage Electronic Recording Services) and numerous copies were made to create many pools of loans (sound like FRAUD?)-- so that the lender could make lots of money. Naturally, only one loan is going to "perform" because you are only making one payment to one servicer of the loan, but it didn't matter, because the insurance company would pay off the investors of the pools when the pool didn't "perform". Often when the insurance company found out about the FRAUD, they sued the lender, too. The documentation for these pools was made so complicated that most often no one can
trace how many different pools one loan has been put into.
The more loans that could be origniated (given to anyone that could sign their name) and sold (remember that from one loan they probably sold it 4 or 5 times, into different pools, the more money the lenders made. Those CEO's of the company received big bonuses because they were making so much money! Remember the very tan CEO of failed Countrywide, Angelo Mozilo, why isn't he in jail? Because they are all in cahoots together!
The FDIC, Federal Reserve, Alan Greenspan--all of them knew about this Ponzi game and looked the other way.
A woman in Congress, Brooksley Born, tried to warn Congress that ALL our money was being stolen away from the American people. Watch "The Warning", a video by Frontline http://video.pbs.org/video/1302794657/#. It will show you that Alan Greenspan new there was Fraud going on. They humiliated her and shut her up saying that she didn't know what she was talking about.
Recently, after Lehman Brothers failed, the special prosecutor assigned to the case, found FRAUD everywhere, and most of it was this Ponzi game played by the FDIC, Federal Reserve, all the lenders, FNMAE, Freddie Mac, HUD and Timothy Geitner.
In March 2008, Timothy Geitner arranged the rescue and sale of Bear Stearns.; In the same year, he played a supporting role to Henry Paulson, former CEO of Goldman Sachs, in the decision to bail out AIG just two days after deciding not to rescue Lehman Brothers from bankruptcy. According to some observers, Geithner has severely damaged the U.S. economy.
What can you do?
Well, first thing is to get your head out of the sand and stand up. Stand up for your rights as an American--before it's too late. I know it's hard to stand up when they keep beating you down, but if we don't stand up now, together, we are all going to die.
My 83 year old mother says it's like a "fish in warm water". When I asked her what she meant, she said that you can put a fish in tepid water in a pan, gradually turn up the heat, and it won't know it's dead till it's dead.
If you want to fight, write the FDIC and the OTS.
Here are links:http://www.fdic.gov/about/freedom/index.html
http://www.ots.treas.gov/?p=ConsumerComplaintsInquiries
File a freedom of information request with the FDIC and ask them who owns your promissory note on your mortgage.
Tell them you don't think it's right what they've done.
Smother them with emails. Write your congressman and senator. Tell them that if they don't investigate this and do something about it, you are going to get mad as hell.
Share this with everyone you know.
Don't let them foreclose on you. Did you know that mostly all those foreclosures are illegal because in most states the law says that only the person that holds the original promissory note can foreclose on you?
Start googling "foreclosure" and all this other stuff yourself.
Find answers for yourself.
What we need to do is begin a "war chest" of money to sue the bastards, each and every one of them in one lawsuit for the aggregous (bad) things they have done to our economy. They made the housing bubble and they made it burst. Now they are paying those new lenders, like Onewest Bank, when they foreclose on you, with YOUR MONEY from bailout funds. They pay Onewest Bank the difference between the Original Loan Amount and the foreclosure price at auction, plus all the interest you owed and any fees involved. AND, Onewest only bought your loan from the FDIC for 70 cents on the dollar. That is why they posted a $1.6 BILLION profit in such a short time.
But we really need to sue the greedy bastards.
If you want to start a war chest and find an attorney to sue these bastards, email me. post a comment, let's talk. If we had a million or two or three million people suing these bastards all in one suit, maybe they would get the picture.