The financial fraud at HUD and in the mortgage markets is decades in the making

[szatmar666]

Run time: 10:29 https://www.youtube.com/watch?v=Asuv4Q90U74   Posted on YouTube: July 17, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 18, 2008 By DU Member: szatmar666 Views on DU: 441

 
This is not a new issue. I am sick and tired of people talking about this as if it was just the last 8 years alone. This is far more devious, complex and long term and it goes back to Iran Contra and the S&L scandal in the 80s and decades of purges in government that created a corrupt imperial machine filled with eunuchs mandarins and oligarchs.

http://www.financialsense.com/Experts/2004/AustinFitts.html
http://www.scoop.co.nz/stories/HL0310/S00223.htm

Chris Sanders: Where is the Collateral?
Tuesday, 28 October 2003, 10:11 am
Column: Chris Sanders

Where is the Collateral?

By Chris Sanders
Sanders Research Associates

"The more restrictions and prohibitions there are, the poorer the people become
The sharper the people's weapons are, the more national confusion increases
The more skill artisans require, the more bizarre their products are
The more precisely laws are articulated, the more thieves and outlaws increase"

- Lao Tzu, Tao Te Ching

"F**k you!"

- Michael Eisenson, Harvard Endowment, to Hamilton Securities CEO Catherine Austin Fitts

Real terrorism

On the 29th of October, a trial begins in a Federal courtroom in Washington DC. The defendant in the case is our own distinguished advisory board member Catherine Austin Fitts. The plaintiff in the case is one John Ervin of Ervin Associates, a mortgage servicer for HUD. Ervin has brought the case using a Federal whistle blower statute (qui tam) that allows private citizens to bring suit against parties alleged to have defrauded the government, and rewards them with a percentage of the recovered money. Ervin began eight years ago with more than 30 offences alleged against Fitts. He is now down to a handful, technical and immaterial in their financial impact one way or another on the government, Fitts, or anyone else. The case is ironic in many respects. Fitts, a HUD contractor, was fired "for convenience," which does not mean that she was terminated for wrongdoing. Ervin and Asscoiates themselves were fired some time back by HUD "for cause," meaning that they were fired for non-performance under a contract. Yet here Ervin is taking Fitts to court, ostensibly on behalf of the government and taxpayer.

http://www.youtube.com/view_play_list?p=82FFE3CA0795EDE7&playnext=1

[libodem]

1. This was very interesting

especially how they ran all the honest people out of HUD starting in 1999, even before Bush was actually in office.

[napoleon_in_rags]

2. Hey, why is he dissing Tao Te Ching???

Don't blame Lao Tzu for this...taoism is beautiful, and besides the country filled with Taoistsis the one handing us our asses right now.

[szatmar666]

3. lol, fair point ;)

[midnight]

4. Catherine Austin Fitts seems to be the accountant who uncovers

sabatoge. Our Mortgage insurance co. seem to prey off of bad mortages to finance black budgets. Losing 11 million a day. Losing money in two regions. Texas/Arkansa and Colorado. All this happeing because of no transparacy. She created "audited financial statements" for agencys to work by 1995, but at 2004, Federal govt has yet to comply with the law. In 2001- 85 percent of first bush administration gives money to agencies that don't comly with this law.


Securities Fraud- evidenced is a pattern of mortage fraud. This is helping Greenspan.

Assistance secretary,Catherine Austin Fitts, found out that our govt doesn't know how the money works.


Boarders are open-Immigration is keeping our economy pumped up. Just WOW!

America is running an ecomomy on warfare and immigration.

75 million Americans taking Drugs, eating unhealthy food, they can't be productive.

Running Ecomomy to Centralize wealth. Returning the Americans to Serfs. A giant wealth transfer.

[szatmar666]

5. really great summary

thanks!

[szatmar666]

6. Oh, and I forgot

check out the whole interview, I posted the link to the youtube playlist on the bottom of my article.