The Perfect No-Prosecution Crime

By Greg Hunter’s  (revised)

Did you know that in the aftermath of the Savings and Loan (Thrifts) scandal there were more than a thousand felony convictions of financial elites?  The cost of the wrongdoing associated with the rip-off and closure of nearly 800 Thrifts cost taxpayers more than $160 billion.  The current sub-prime/mortgage-backed security scandal is 40 times bigger according to Economics professor William Black.  That means the size of the crime is $6.4 trillion by my calculation.  Can you guess how many indictments there have been on financial elites who created this enormous mortgage crisismess?  Zero, none, nada, zip.  Yes, not one single prosecution or conviction has been started of achieved.

That is simply outrageous considering the width and breadth of the many crimes committed.  There was “rampant” mortgage fraud in the loan application process according to the FBI as far back as 2004.  (Click here to see one of many stories of the FBI warning of mortgage fraud)  There was “rampant” mortgage fraud in the loan application process according to the FBI as far back as 2004.  (Click here to see one of many stories of the FBI warning of mortgage fraud.)  There was real estate document malfeasance when the original Promissory Notes and loan documents were “lost.”   The Promissory Notes were required to create tens of thousands of mortgage-backed securities (MBS).  No “note,” no security.  No security means the special IRS tax status for the MBS were improperly obtained.  Because there were no documents, the rating agencies fraudulently made up triple “A” ratings for the securities.  When the whole mess blew up, big banks hired foreclosure mill law firms to create forged documents.  That phony paperwork was and is being used to wrongfully remove homeowners from their property.  That is foreclosure fraud.

It appears to me the entire mortgage/securitization industry is one giant criminal enterprise.  And yet, last Wednesday, Housing and Urban Development Secretary Shaun Donovan said, “We have not found any evidence at this point of systemic issues in the underlying legal or other documents that have been reviewed.” What!  Well, look a little harder Mr. HUD Secretary.  (Click here for the complete Reuters story with Donovan’s quote.) Donovan did say the foreclosure fiasco is “shameful,” but that is not the same as a criminal prosecution now is it?  Where is U.S. Attorney General Eric Holder in all of this?  I guess he’s busy planning a lawsuit to stop California from making pot smoking a misdemeanor.  Holder is probably also very busy with continuing legal actions against Arizona’s immigration law.  I guess trillions of dollars in mortgage and securities fraud is just not enough of a legal priority for America!

All 50 State Attorneys General are looking into what is now being called “Foreclosuregate.”  Iowa AG, Tom Miller, is leading the investigation for the 50 states.  His focus, according to a recent Washington Post story, is “preventable foreclosures“–ones in which small changes might keep the homeowners in their home – benefits all parties involved. The borrower keeps the house. The servicer continues to collect fees, and the investors receive more income than a foreclosure would bring. The community has one less deserted home.” Miller’s office also says, “This is a public policy issue.” (Click here to see the complete Wa Po story.)

When did State AG’s become public policy negotiators for the banks?  Where are the criminal prosecutions?  This is a sham and an outrage perpetrated by state governments.  Who are they protecting?  I say it’s really the banks’ and investors’ income stream.

It sure doesn’t look like the FBI is going to prosecute any of the “rampant” mortgage fraud any time soon, according to Professor Black.  At the end of September on the Dylan Ratigan Show, he said, “We know that the FBI has formed what it calls a partnership with the Mortgage Bankers Association.  Now, that’s a trade association of the perps, and guess what the trade association said: ‘Hey we’re the victims.  You know none of the bad stuff happened because the lenders wanted to engage in this fraud,’ and the FBI believed them if you can believe that!”

Black is not just some angry academic.  Besides being a Professor of Economics at the University of Missouri KC, he is also a former bank regulator and an expert in crimes committed by CEO’s.  He thinks Treasury Secretary Tim Geithner and Attorney General Eric Holder should be fired so real regulators can get to work on prosecutions of crime throughout the entire industry.  And get this, just last week, Black adamantly claimed that “major frauds continue,” at all the big banks.  Hear for yourself in the clip below


Again, Black said, “80% of the loans were fraudulent.” He also said in this segment (but wasn’t included in the clip) that, “securitized mortgage instruments are all fraudulent.” That means trillions of dollars in MBS’s are worthless!  Foreclosuregate is a gargantuan financial mess, and federal and state regulators have not found a single crime in all of this to prosecute?  Clearly, the U.S. government and both political parties are shielding the perpetrators.  Oh wait!  The SEC did fine Angelo Mozilo, the former head of Countrywide Financial Corp., $67.5 million in penalties to settle civil fraud and insider-trading charges.  Mozilo ripped-off hundreds of millions of dollars, and he pays a fine that amounts to a parking ticket for a man of his wealth?   Is that the same as a criminal prosecution?  I don’t think so!!  (Click here for more on the Mozilo story from The WSJ.)

So, if you are or have been committing document, tax, security, rating or foreclosure fraud, you don’t have a thing to worry about.  Keep doing what you’ve been doing because you are committing “the perfect no prosecution crime.” According to the financial elites, these crimes are essential to keep the American economy running smoothly.

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  1. Shadowman

    “We know that the FBI has formed what it calls a partnership with the Mortgage Bankers Association. 
    Like I said Greg the gov is the mob!

    Go look and see that former FBI boys as well as CIA men work for the banking cartel
    There will be NO!!!!! Prosecution of any big bankers period.
    The banks are your & mine & everyone who reads this. They are our MASTERS!!

    Here’s just a little sample of the facts

    Louis Freeh director of the FBI,

    In September 2001, Freeh was appointed to the board of directors of credit card issuer MBNA; he also served as the bank’s general counsel, as well as corporate secretary and ethics officer.

    CHARLOTTE — Bank of America has hired Chris Swecker, assistant director of the Criminal Investigative Division and acting executive assistant director for Law Enforcement Services at the Federal Bureau of Investigation (FBI), to lead its Corporate Security organization. Swecker, who has announced his retirement at the FBI, will transition his bureau responsibilities over the next several months and join Bank of America in July.

    • Greg

      Very good stuff today. Thank you for sharing your thoughts and information with the readers here!!

      • Robert

        So the battle thats being set up is between the 50 state attorney generals offices seeking justice and compensation for the state, city, fire and police pension funds that invested in the bogus products the banks created and the banks have in their arsenal, connections to the FBI, CIA and the SEC not to mention the congressional lawmakers, what about the military are they in the pockets of the banks too?

        This will be interesting.

        Or will the banks just offer better paying jobs to all the staff of the state AG’s offices thus nulling any efforts made by the states?

        • Greg

          I hope the people get justice. Thank you Robert for adding to this post.

  2. Robert

    First off I voted for Obama.. I bought into his “change” ruse. Change? What change? He’s as much in bed with the banks and other trans-nationals as the folks in his predecessors administration were and probably still are.

    This is Obama’s DOJ that is more concerned about California legalizing smoking pot and making sure that gays don’t serve in the military than they are with the multi-trillion dollar fraud perpetrated by some of the biggest campaign donaters in the political system of the USA. This administration depends on donations from the perps of this fraud just as much as the republican party does.

    And then we go out and invade other countries and tell them theyre wrong in how they view the world and to be more like us, unregulated, unrestrained capitalism is good, and to look at our country as the example.

    How do we fix what’s wrong in our country when the people who weve placed in charge of that process and the people they’ve co-partnered with are the cause of this mess? Both parties are culpable as enablers of this fraud and nothing will be done about it, nothing of any consequence except to hand us the taxpayers the bill.

    • Greg

      What was that verse in the famous WHO song. “Meet the new boss, same as the old boss.” We are all dissapointed with BOTH parties. Thank you for venting here, I feel your rage!

  3. Shadowman

    Patrick Henry, March 23, 1775.

    No man thinks more highly than I do of the patriotism, as well as abilities, of the very worthy gentlemen who have just addressed the House. But different men often see the same subject in different lights; and, therefore, I hope it will not be thought disrespectful to those gentlemen if, entertaining as I do opinions of a character very opposite to theirs, I shall speak forth my sentiments freely and without reserve. This is no time for ceremony. The questing before the House is one of awful moment to this country. For my own part, I consider it as nothing less than a question of freedom or slavery; and in proportion to the magnitude of the subject ought to be the freedom of the debate. It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings.

    Mr. President, it is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth, and listen to the song of that siren till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be of the number of those who, having eyes, see not, and, having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst, and to provide for it.

    I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past. And judging by the past, I wish to know what there has been in the conduct of the British ministry for the last ten years to justify those hopes with which gentlemen have been pleased to solace themselves and the House. Is it that insidious smile with which our petition has been lately received? Trust it not, sir; it will prove a snare to your feet. Suffer not yourselves to be betrayed with a kiss. Ask yourselves how this gracious reception of our petition comports with those warlike preparations which cover our waters and darken our land. Are fleets and armies necessary to a work of love and reconciliation? Have we shown ourselves so unwilling to be reconciled that force must be called in to win back our love? Let us not deceive ourselves, sir. These are the implements of war and subjugation; the last arguments to which kings resort. I ask gentlemen, sir, what means this martial array, if its purpose be not to force us to submission? Can gentlemen assign any other possible motive for it? Has Great Britain any enemy, in this quarter of the world, to call for all this accumulation of navies and armies? No, sir, she has none. They are meant for us: they can be meant for no other. They are sent over to bind and rivet upon us those chains which the British ministry have been so long forging. And what have we to oppose to them? Shall we try argument? Sir, we have been trying that for the last ten years. Have we anything new to offer upon the subject? Nothing. We have held the subject up in every light of which it is capable; but it has been all in vain. Shall we resort to entreaty and humble supplication? What terms shall we find which have not been already exhausted? Let us not, I beseech you, sir, deceive ourselves. Sir, we have done everything that could be done to avert the storm which is now coming on. We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves before the throne, and have implored its interposition to arrest the tyrannical hands of the ministry and Parliament. Our petitions have been slighted; our remonstrances have produced additional violence and insult; our supplications have been disregarded; and we have been spurned, with contempt, from the foot of the throne! In vain, after these things, may we indulge the fond hope of peace and reconciliation. There is no longer any room for hope. If we wish to be free– if we mean to preserve inviolate those inestimable privileges for which we have been so long contending–if we mean not basely to abandon the noble struggle in which we have been so long engaged, and which we have pledged ourselves never to abandon until the glorious object of our contest shall be obtained–we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of hosts is all that is left us!

    They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power. The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us. Besides, sir, we shall not fight our battles alone. There is a just God who presides over the destinies of nations, and who will raise up friends to fight our battles for us. The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave. Besides, sir, we have no election. If we were base enough to desire it, it is now too late to retire from the contest. There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable–and let it come! I repeat it, sir, let it come.

  4. Sam

    Dear Greg,

    Just read your column, and it was what I was arguing yesterday. These banks committed an open fraud, knowing that they had “friends in high places.” They commit the fraud, the homeowner loses. Bank of America, the biggest player in all this, recently claimed that it was not going to put a freeze on foreclosures, they were going to continue with their foreclosing plans anyway!

    The Pledge of Allegiance is a lie. There is no liberty, no justice for all. The BATF&E calls the Constitution “two hundred year-old laws,” and the Bill of Rights “mythical.” The citizenry are not the rulers, politicians and their minions are, and we’d all better just shut up.

    Rebellion, anyone?

    • Greg

      The facts say you won that argument! Thank you man!!

    • SlackerSlayer

      Sam, the line “truth, justice, the American way” is a list of three different things, not necessarily related.

      To contract out a loan, and accounting ANY amount of the payments toward the ‘interest’ before the entire principle is paid off, is open, organized criminal systemic contractual fraud.

      When those we have paid to do the duty proscribed to them refuse to do their duties when we demand it, from the perspective of the historic human events, those criminals should be shot on sight, perched on pikes, tars and feathers, any number of human remedies abound.

      If these criminals suddenly pretend all flustered and frightened by the sounds of a people angered to no ends, they must be truely living in another world.

  5. Shadowman

    Greg a must see for you your staff and the people this will be my last post today

  6. Diane Carol Mark

    Hi Greg,
    Jim Sinclair posted a significant related article to the MBS debacle on 10/24, and perhaps you’d consider checking into it. The title is, “Ministers plan huge sell-off of Britian’s forests”.

    “Caroline Spelman, the Environment Secretary, is expected to announce plans WITHIN DAYS to dispose of about half of the 748,000 hectares of woodland overseen by the Forestry Commission by 2020.”

    They hope to recoup funds from selling the planet’s ancient forests due to losses on MBS and other OTC derivative instruments. If there’s a way to elevate the issue and prevent this sale it would be a big win since our forests are the lungs of the earth.

    🙂 Diane

    • Greg

      They are doing this to pay off the banks losses. This is robbery and the British government is complicit. Sad. Thank you for the info and comment.

    • Geofizz

      America is for sale too. Various government entities are selling off infrastructure to foreign investors via our own banksters so as to plug gaps in their budgets. From Matt Taibbi:

      Greg, you’re amazing. I don’t see how your head doesn’t explode, compiling all this evidence from all the assorted bottomless bankster-created rabbit holes of fraud, criminality and debauched profit-taking. LOL there are times I have to take a break from this reality (music and canning applesauce helps).

      • Greg

        Thank you Geofizz for the comment, info and kind words!

  7. john east

    I’m sorry that most Americans have only just realised that Obama is a disaster, but if its any consolation we in the UK also fell for the charms of a handsome, slick talking, media savvy, socialist conman (Blair). With this experience behind us, Obama looked very suspect to many on this side of the Atlantic from day 1 in office. I think that both our nations have now learned not to vote for politicians who look too good to be true.

    Here in the UK we have convinced the world that we have embraced austerity, but it is largely a sham. Annual government expenditure is still projected to rise year on year over the next six years. The headline “cuts” in the UK ($120 billion over the next 4 years) are actually cuts in the previously planned expenditure increases. Obama should have copied our socialists. To hide his $1.4 trillion deficit he could have initially announced a $2 trillion budget, then announcing “cuts” of $600 billion, to achieve the same result – a $1.4 billion deficit – but with better headlines in the press.

    The future does not look good. Republicans are likely to be just as pro the banks and Wall St. as Democrats, just as our current coalition is proving to be just as big a bunch of keynesian clowns as our last socialist administration.

    Good luck for Nov 2nd. You’re going to need it.

    • Greg

      Thank you Mr. East for your UK perspective. It is appreciated by readers here in the U.S.

    • SlackerSlayer

      John east really wrote this down?
      “Republicans are likely to be just as pro the banks and Wall St. as Democrats”

      The bail outs were started by which administration, that just happened to be in office the previous Presidential term? When will they ever learn.

      I’m sry Greg, but can you let a comment like that sit unanswered. I can’t. Just in case someone is thinking I am Obamas press secretary, I want the poser booted OUT.

      • Greg

        I’ve said many times on this site, both Democrats and Republicans are to blame for this mess. I will not boot out anyone. Might I remind you, both Democrats and Republicians voted (this year) NOT to audit the Federal Reserve. I think that pretty much makes my point. Thank you for your comment.

  8. Steve

    I’ll may get a lot of negative comments for this, but oh well, here goes…..

    Gee, I’m so surprised by this. The “bankers” (elite, super wealthy) taking by any means what is not rightly theirs.

    The history of government (that would be the elite, super wealthy) on this continent has been one of “take what is not yours by any means necessary”. They took ALL of the land from the Native Americans. They took from millions of Africans their “bodies, families, and labor”. And when there was no one else left to take from, they began to take from the lowly “common white man” as well. It was only a matter of time before they got to us!

    Look at the Louisiana Purchase; the acquisition by the US of France’s “claim” to the of 828,800 square mile territory of Louisiana in 1803 for 15 million dollars. What the US Government actually bought was France’s “claim” to go in and TAKE by lethal force all of the land which belonged to those who had lived there for the last several thousand years; the Native Americans. And that is exactly what the “US Government” did. And untold numbers of Native Americans died in the process. Who was prosecuted for these crimes?

    Funny, cause I thought that the Declaration said: “…that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”. Funny how it didn’t apply to Native Americans and those of African descent! And now it no longer applies to us, the “Common Man”!

    This is nothing new!

    • Greg

      Thank you Steve for weighing in. You overlook what is new about this– It is the biggest fraud ever, and it went global.

    • John Bernard

      Here is some heat. You are judging yesterday from today’s perspective. For that reason you are mostly wrong.

  9. lostinmissouri

    When our Sheriff is a crook…it is time to find the Lone Ranger! Let’s hope He is still around and able. This one may take an army of Lone Rangers to clear up.

    • Greg

      We need an army of patriots and I know thay still live in the U.S. Thanks.

  10. Elihu E. O'Dowd

    RE: British selling off forest, etc.

    Appears to me the U.S. has already sold itself to the Devil…

    • Greg

      Yes Congress and the White House (for both parties) has sold us into slavery.

  11. Jan

    Wall Street and the banksters have government by the throat. Who are some of the biggest investors in these toxic mortgages? Public employee pension funds and privately managed pension funds. To take out the banks is to destroy millions of American’s pensions, both public and private. They now own the government, there will be no investigation and no prosecutions of these crooks.

    The only options the Feds have now is to nationalize the banks. Can the Feds run the banks? I seem to recall the IRS trying to run the Mustang Ranch in Nevada. They failed.

    • Greg

      The dollar is doomed and most of the country is being put to sleep by the mainstream media. When this blows up people are not goi ng to know what hit them. Peace bro.

  12. Ken

    Good point about the lack of convictions. Where are they? I think part of the problem is that it’s a bit like trying to clean up a house occupied by a slovenly pack rat. There is so much to be done you hardly know where to start.

    Also, once you start putting people in jail, you can’t stop until you are done. Just prosecuting all of those people will be an enormous undertaking, especially since so many of them are fairly wealthy and can afford good lawyers.


    • Greg

      Thank you Ken. You are correct the problem is enormus.

  13. Johnathan

    What I learned from childhood is that “good” always triumphs. But I’ve come to realize that in this world evil finds a way. Evil triumphs. I’ve yet to see the side of “good” triumph. So what’s the conclusion: Evil and spitefullness must be what’s “good”.

    • Greg

      The good guys defeated Hitler. Patriots defeated Britian and we can work through the mess created by a bunch of crooked, greedy, and couardly bankers. Please Don’t give up! The want you to lay down–stand tall. Why do you think I write this site?

    • Shadowman

      The prob is just that
      you want someone to do for you that witch you are not willing to do for yourself

      That why we have fallen. As a republic. You do not deserve the freedom that has been given to you

      Everyone says when is someone going to do something?

      The truth is when are YOU going to do something !!

      Put up or shut up !

      That why I say the bankers deserve the prize they have because they have killed died and work there ass off to get
      The power they now have

      So stop your crying your lucky your not chip yet Yet being the key word!

  14. hoppe

    Michael must be rolling over in his sleeping bag.

  15. hoppe

    Thats Michael Milken. Sorry

  16. Art Barnes

    Good article this morning, well written
    and tells the truth about the protection of the banks. I simply can’t believe people are not in front of their banks burning their morgages and demanding accomadations to stay in their homes. I guess complacency has been taken to a new level in America. Greg, keep the good work up. Art Barnes

    • Greg

      Everyone seems like they are in a daze. They will wake up when this all falls on their heads!! Thank you for the comment.

      • Robert

        It kind of looks like people are in a daze but when I talk with people they are quite alarmed at the state of things and most have a good grasp of things.. but when it comes down to it, theres a general “what can you do” outlook out there…

        If I were Obama, I would have made people who are on extended unemployment benefits provide some kind of work in return.. and managed that program through FEMA… that’s what I dont understand.. why is all this money being handed out with no expectation other than to spend it? the 99ers could become the 198er’s or as long as it takes and be contributing something towards the maintenance of our country…

        In the 30s people were sometimes handed a broom to sweep the streets if nothing else was available. Its was something to do and made people feel some worth and as though they were contributing…

        • Greg

          Thank you for your thoughts on this post.

        • Bill

          So Robert, you are for selling your countrymen and women into slavery? You want to force people who have worked their whole lives to now work for the government for their unemployment checks? That is a crazy idea. Why don’t you propose this for Welfare recipients?

          • Robert

            You have your opinion I have mine… ever heard of TANF…. welfare is temporary not like in the past when multi-generational applicants abused the system… and yes, Im for programs like the CCC and the WPA from the FDR era…

  17. Ezekiel 33

    I know people are outraged at all this fraud and they should be. The U.S. Corporation is trying to enslave human beings by the manipulation of all resources necessary for a functioning society. They manipulate the financial system and commerce which is what we spend the majority of our time and energy doing. In life we buy, sell, and consume/use. All natural men, women, and children; at all levels of society are affected. First through inflation then by deflation the private bankers are trying to leave us homeless in the land our fathers fought and died for. They have a communist agenda and want us to revolt in the street and use violence. But that is not the way. The way is to reestablish our original jurisdictional government. We have been tricked into contracting with a corporation that gives value to human life in so much as can be profited from it.
    This has been well documented if you are willing to research for yourself and wake up. We are endowed by our Creator with unalienable rights and we must understand how they are being taken from us. As I have said this issue is well documented on many websites including,, and many books including The Biggest Tax Loophole of All by Otto Skinner. Private banks and foreign corporations are now a shadow government to the original jurisdictional government of the united States of America. Know thyself and set yourselves free to be sovereign and in Gods image.

    • Greg

      Thank you Ezekiel33 and Shadowman,

  18. Shadowman

    P.S Greg. My last comment was to Jonathan it sad that so many people are waiting for superman

    • Robert

      Shadowman, I dont understand why Jonathon’s comment warranted your response… he didnt have his hand out.. he was just venting about the state of human nature and his disillusion with things…

  19. Otter

    Hi Greg –

    I heard that in one of the bills Clinton signed there was an amendment which said that this type of bank fraud would no longer be criminal, but rather only civil crime. This provision was put in by the bank lobby to prevent their compatriots from going to jail like in the S&L debacle. Haven’t been able to find it on the web – maybe you can track it down. Enjoy your posts.


  20. Bildo

    Since UNITED STATES is a foreign owned corporation none of this is a surprise. Everything they are doing has been planned for a long time. Why in the world would anyone think that this foreign corporation would do us any good? Go ahead and vote. Your votes have nothing to do with “government”. Look into the bankruptcy of 1933. Everyone needs to stop calling what we have “government”, and call it what it is–UNITED STATES INC. Owned by “THE CROWN”. Think about that the next time you’re celebrating 4th of July.

  21. Mike

    We have a parallel situation in Canada. Many documents obtained by me from the Provincial Government’s Land Title Office clearly show how bankers give themselves, their family members, their influential friends, lawyers, and some politicians substantial ZERO Interest, ZERO Principal personal loans disguised simply as a Small Business and/or Corporate Loan.

    It’s impossible to default on these types of loans as the monthly payments are ZERO. The documents show that.

    Years later, the same documents also show how many of these non-revenue producing loan products are simply “charged off” as an uncollectible Corporate and/or Small Business Loan. The documents show that too.

    Land Title Office documents show how some personal loans given to lawyers to help them purchase a family residence, for example, are not even “Securitized” [meaning: the bank failed to register a lien against the purchased property]. The documents show that.

    The documents also show how most bankers [particularly senior level officers] ALWAYS obtain their own legal advice for themselves and their family members from only the very top legal and tax experts in the top law firms in Canada. Bankers do understand the importance of obtaining only the best legal and tax advice before entering into a contractual agreement – even with their own bank. By contrast, many bank clients on the other hand [such as our family for example] are ordered by bank loan officers to enter into, to sign and complete a complicated contractual agreement outside the bank at a sole practioner’s office – carefully chosen by the bank – without the benefit of any independent legal advice. In our case, the bank’s external lawyer had been appointed by the bank to act for all sides in the transaction [ 4 separate entities] as well as acting as the bank’s sole Registry Agent.

    Our bank documents clearly show the documents had been tampered with and altered. One document bears the attesting signature of the bank’s legal representative but the attesting signature is that of a person who never existed then, or now.

    In our case, one of the bank’s external legal representatives was detected working away affixing forged and ficticious names and signatures on bank documents – by a paralegal who reported the matter. That particular lawyer was disbarred from practicing law in this Province in Canada but moved away to Ontario to set up another legal practice law in downtown Toronto – where he continues to pratice law as a sole practioner today. The other bank’s long time legal representative also continues to practice law in our city. He was investigated and found to have evaded provincial tax laws. Further, he was arrested outside a retail Computer Store by RCMP Officers for shoplifting and theft of a computer software program. Neither lawyer was ever formally charged by the RCMP even though both admitted to their wrondoing to Law Society investigators.

    In Canada, many former RCMP Commercial Crime “E” Division investigating Officers easily find employment inside Candian Banks and other Financial Institutions as Corporate Security staff members.

    Individuals attempting to file an alleged fraud complaint against a Canadian Bank and/or employee and/or the bank’s external legal reprentative either through the RCMP’s Commercial Crime Unit, through the Law Society or directly to senior officials at a chartered bank learns it is an excercise in futility and becomes a complete waste of time. Bankers know this and eventually you, the little guy, learns that the network of vested interests are skilled and powerful indeed in protecting themselves and their interests .

    During the Middle Ages the serfs were controlled and ruled by the Nobility – the LAND LORDS – , their families and their inflential and powerful friends. Today, without exception, everyone is controlled and ruled by the Bankers – the LOAN LORDS – and there is no one who can do anything about it.

    • Greg

      Thank you Mike for your Canadian perspective. Both of our countries share more than a border.

  22. BigTom

    Interesting post by Diane Carol Mark concerning Britian selling off it’s nations forests. I also read that over at Sinclair’s web site yesterday and appricate someone picking up on the significance of that story! I live in the mountain west(Idaho) and for years we have been dealing with issues of the forest service shutting down our public lands from public multiple use. Approxiamately 15 yrs. ago a lone speaker came thru our area and gave a talk to those interested in attending about the federal government locking up our public lands from public/private use and were in fact actually collatoralizing them for public debt then and for the future. Which by the way our government is in fact doing! This person only gave his first name of Gary and said he represented no organization and was only doing this by himself to inform the public. I had the feeling he was on someone’s payroll. No evidence here, but I think this person may have been from the Rocky Mountain Legal Foundation who I believe President Reagan’s former interior secretary James Watt helped establish. They in many cases have done pro bono work for private land holders trying to uphold the private property concept against our own government here in America, a concept that may one day be a puzzle to Americans. The present selling off of the resources and/or public lands in Britian is exactly what he said 15 years ago was eventually coming to America and it will be foreigners who will be logging-mining-etc. our natural resources to repay our national debt. This story has major implications and over the years of digging deeper I’ve come to believe there is much, much more to this story but this is an issue only a few living in rural America understand at present. – Greg, keep up the good work!

    • Greg

      Thank you Big Tom.

  23. slingshot

    We need an Army of Patriots? What kind of Patriot? Active or Passive?

    The real answer to that question is how much more are you going to put up with their crap. This is truly Taxation Without Representation.
    The Politicians have banded together with the bankers and corporations and it does not mean good times for the common man. This November election as Americans have used their right of free speech, standing on their Soap Boxes, we now move to the Ballot Box. This in turn will tell us if we need to move to the Cartridge Box. Sooner or later you have to draw the line because you damn well know by now, due to the enormous size of intermixed problems, that something has to be done.
    As for me. I have been called a Coward, Gun and Bible toter, NAZIS,
    Anti-American, terrorist and by one Democratic Candidate on Youtube,
    A F@@@@r. Down right insulting since my family had members fight in both world wars against the Germans and others that have served in cold wars including myself.
    So if you live in fear of our government with its Homeland Security and Patroit Act, you live in Tyranny and so will your Grand Children.
    Fear not! For the United States of America, has the Largest standing Army within its own borders because of the Second Amendment. We stand at the ready. The Politicans know this. That is what keeps us a Democracy and keeps us from becoming a Socialist State or Dictatorship. They will do everything to break us under repressive gun laws. They will not succeed!

  24. David

    If the American people ever were to understand what has been done to them,I fear they would roll over ,grumble and go back to sleep.

    everything was sold off the railroads gone
    the ports gone
    the toll roads gone
    all of the industrial companies sold or in the final phase of being sold.
    GM will be sold immediately after the Midterm elections
    currently the federal Govt is buying up all the land i mean all of it.
    you can google it to see for yourself.
    they probably plan to sell that off too,in fact I’d bet my bottom dollar they are going to do it.
    10’s of millions of jobs in the public sector will soon be lost due to not enough taxes being collected to cover their salaries.
    Teachers firemen policemen you name it.
    You have to understand the dynamics in play here.
    The NWO one world govt can’t allow USA to remain intact ,for they know America will challenge it,So for the last 40 years they have been quite busy dismantling America.
    America will be a thin strip of land along the Canadian border under Canada’s supervision. Now before you laugh i would check the voracity of what I have said .
    I have already said too much

  25. Daniel

    I hear so many say Obama and the democrats ruined this country and so many forget from Reagan to Obama both dems and repubs have been playing a smoke and mirrors game now for decades ripping us off and selling our country out from under our feet. I heard one person long ago tell me there is only the Republicrats now tearing us apart from within. I truly hope the American people wake up and take to the streets soon like the French are doing now. I just hope its not to late.

    Daniel in Milwaukee

    • Bill

      Agreed Daniel, both parties are culpable for the destruction of this country, there is no difference between them. It goes back a long way, to Lincoln at least. Although a good argument can be made the founders started violating the COnstitution before the ink was dry.

  26. Joe in JT

    And they put Martha Stewart away for nearly a year because her broker told her to sell at 60 dollars a share.

    • Greg

      Jor in JT.
      If she got that, then these banksters should get life.

  27. Stephen Coyle

    All of our FLAGS should be flown at HALF MAST and UPSIDE DOWN. Upside down as the sign of DISTRESS that our country is in economically and militarily and HALF MAST for the daily deaths of our soldiers who have been lied into an illegal war for NO GOOD REASON. How do you tell a parent whose son or daughter has died or the soldiers returning maimed physically and/or mentally FOR NOTHING except to line the pockets of war profitters, bankers, and oil investors. The real reasons are for the personal profit, power and agenda of an elite few. The DEATHS of inoocent people during our illegal occupations HAS been called WAR CRIMES against some of our soldiers but what of the much more serious WAR CRIMES and CRIMES AGAINST PEACE by our past and present administrations that are escaping prosecution. The real horrors of it all has hardly begun except to those few who are directly affected now. The others who still have jobs, a home and are being manipulated by most of the main stream media to believe its not that bad are in for a seriously rude awakening in the not so distant future as crimes in the cities, suburbs and remote areas begin to escalate. Those who are forced to survive will take up stealing, fighting and killing for the survival of themselves and their families. Our soldiers who return are damaged physically and mentally and most that are not cannot find meaningful work so therefore reenlist if they can. Do you wonder why their suicide rate has gone way up? Why so many are ending up living as homeless in cities, suburbs and even forest land in tents hidden from the view of most of us? Most all of these men know how to survive and are well trained in the use of weapons and explosives. Our government knows this and has quietly been trying to reduce the ability of soldiers being released from active duty from being able to get permits for hand guns……Will hunting rifles be next? OH Yes… Gun dealers were recently able to purchase from South Korea mostly unused Garrand and M1 carbines of WW2 and Korean War vintage that we sold or gave to Korea. These rifles are now considered collector items by many veterans and are well suited for hunting. BUT even though there are no legal restrictions for importing them our government has halted the importation because they could fall into the hands of criminals. Since when do criminals of today prefer rifles over hand guns and machine guns? How many were there stored in Korea all these years deemed not suitable to be used in warfare? ….300,000 Garrands and 700,000 M1 Carbines. Selling price retail here on the open market at gun shops…about 75 dollars each. If the economy goes bad and food scarce you might want one to go Deer Hunting…If our government allows them to be imported. Don’t ye think…
    By the way as a side thought to something I saw on TV recently about certain Remington rifles. The $400 plus Remington 700s available at gun shops are a hazzard to own because they tend to go off when there is a cartridge chambered and the safety is released even though the trigger is not touched. That rifle was designed with a soft touch hair trigger and is still being sold new in that condition ….beware. That is also one of the rifles used as a sharpshooter/sniper rifle by our military……When it goes off without pulling the trigger our soldiers use the term …”that was a Remington Moment”.
    till we take back our country

    Also checkout oathkeepers website and where there is lots of important info. eg. about depleted uranium dangers

    • Greg

      I did an investigation on Depleted Uranium while at CNN. It is in the “Bio” section of this site. Check it out and thank you for the comment.

  28. James (TD)

    Dear Mr. Hunter:

    Your article I didn’t much enjoy, but did surely benefit by.

    Thank you for it.

    All things as-tolled, it would seem that this dark malevolence as you describe, is deeply insinuated in our institutions uniformly, and has really not much to fear any longer from we the people, formerly “We, the People . . .” just as citizens were once styled “Citizens” in the Constitution before the advent of that “Gunpoint Amendment” – The Fourteenth.

    From since the time of Lincoln and what he did in the name of all supposed good, the die of our terrible fate WAS CAST, the soon-following Fourteenth Amendment being merely confirmation of the fact of it, for history’s reference.

    And so it has gone,

    And now we are there.

    One of your more wise, responding readers edified and uplifted us greatly, with some sage words screeded by America’s First Patriot, Mr. Patrick Henry.

    Surpassing excellent, they surely were; incomparable, as he always was.

    As a first blush remedy to the dire fix we all now find ourselves in, I would suggest a good long read and study our our American fundamental law – The Declaration of Independence.

    It is THE primary instruction set for extrication’s from the hands of consolidated tyranny, and is as fresh and fine a thing as that great day when pen set ink-to-vellum. (The Constitution THEY OWN! We do so no longer.)

    For the next in suggested reading come our Articles of Confederation and Perpetual Union, which by their advent created AS A MATTER OF LAW the “United States of America” – THE CONFEDERACY!

    (Sadly, some confuse our first government and the first constitution that made it, with that one of much later, of the Confederate States of America. This is mostly due to defective, Federalist mal-education as in “Out of sight; out of mind!”)

    Then come next the Anti-Federalist Papers. (We are all TOO nauseatingly familiar with those others, of the now triumphant mercantilists! I would recommend not even bothering thinking of them, as time is so short and much is yet-to-be-done.)

    Probably all of the speeches and writings of First Patriot Henry, would do any man well to deeply and abidingly consider.


    “KNOW thine enemy” is a thing most wise of doing, and this before ANY actions possibly to-be-taken . . .

    And, as a closing note for now, because diligence was not employed for over too long a time, matters will become way uglier before pretty again but, despair-not for right WILL out for the truly righteous.

    Kindest Regards

    James (TD)

    • Greg

      Thank you James (TD)

  29. ChewyBees

    Who is surprised? Who is still waking up in the morning, seeing the towers burning, then the people bailing, then the catastrophe? Maybe you don’t agree with the analogy. Maybe you so trust deceptive strangers with a disastrous track record, that nothing seen, heard or known can sway you. Maybe you’re a banker. Maybe you’re a lawyer.

    The latter’s own everything because they told you they do. They thrust their worthless paper in your face, tell you it’s the most precious thing in existence, and with a happy bleat you take it. Then you dole it out to the orgs that suck you in and suck in your script in exchange for worthless crap made in Enlsavementland, sponsored by Jeweleryland. The credit you can indenture yourself under is still out there to be had, despite the complete and total sham the economy has become, and it is because only by continuing to forward their false and valueless paper can they keep you working and producing to only eventually give away everything you are materially, then physically, and finally spiritually until all that is left is downer cattle.

    I guarantee that a majority of the people reading this still subscribe to the njewspapers and still watch the network and cable njewscasts, waiting and watching for some sign of remedy or apocalypse. What a fraud your life has become if you are doing this! Who do you think pays for the entire thing? Do you think it’s the advertisements? That’s butter on the bread. The whole PR of the scam artists to keep you (un)informed and believing is designed, coordinated, funded and injected straight away in to your brain. Every second you give to their propoganda machine is marked and applied as beneficial to the cause of turning your God-given free-will into a pile of blubber, physically and mentally.

    I wish I could offer any one of you remedy. The only remedy I can offer to any man is to myself, which includes my security, freedom, and the Holiness of God. Who else is going to do it for me, or you? If you are pointing to some stranger outside your living flesh and blood then you are truly deceived and a disciple of the hell on earth you will ultimately manifest.

    There is no solution within the system of orgs that are the pyramid scheme. There is only a further usurping of the lives of men. You cannot gain an equal footing thru any org. All orgs are by nature intended to give advantage and power to a few over others. It doesn’t matter the nature, and it could just as easily be your sewing circle as your Fedcoat government. You have to take control over you. You are responsible for your security, not the fraud artists lying lawyers ‘law and justice.’ You are responsible for your freedom, not some complete silver spoon poison ivy league strangers in a strange land writing laws in an alien language you are not allowed to interpret. You are responsible for the relationship as God’s living being and with yourself and God, not some poser in robes acting like he represents, when in fact he represents the instrument of torture and murder, as well as a shiny brass plate for you to put your ‘render unto Ceasar’ into.

    Don’t like it? Then keep paying ‘the man’ and wondering why life isn’t what you thought it should be. Or, keep defrauding the people and living life with a bankroll of cursed money and whores and drugs to last. Either way, you have contracted, and you will fulfill that contract.

    The Prophet taught us that we are to love God with all our heart, mind and soul. The only way this can happen is if we love ourself with all our heart mind and soul. Then the profit taught us to love our neighbors as we love ourselves. He said on these 2 things all the commandments hang. That means all hundred zillion laws the lawyers have created worldwide to make everything against the law. In fact, nothing is against the law until you either break the commandments of the prophet, to which only the creator (you) are the judge and determiner of repentance, or until you agree and contract and by choice put these lawyer frauds in a position of authority over yourself. Every time you under-stand-under and agree and sign on the line you are telling them you are a fictional character that can and should be judged by posers and frauds in an illusionary system.

    read: the extortion system of the ruling elite. (google)

  30. Blue Smith

    Dear Sir,

    I understand all that is being said and a lot of what is being unsaid.

    It is very clear that everyone would like to do something to improve the world, but is unclear as to what, if anything, can be done by them which will have a significant impact. At the same time, there is a natural fear of the unknown , in doing something, because when you start fighting against powerful and wealthy people, you stand a risk of losing something.

    I have a few suggestions, which are practical, can be done by almost everyone, and should begin to have, at the very least, a certain amountn of significant impact.

    1. We should realize that , FIRSTLY, the Real Power which is held by the powerful and wealthy, over the citizenry, is that of “THE POWER OF IGNORANCE”. That is to say, that very few people actually will believe that the world exists in this way, never mind the fact that all evidence points to the contrary. They will justify all bad actions and attribute some unknown (to them ) but good reason for it. This is because generally, people do not credit other people with being EVIL to such an extent. Thus you see the overriding reason for the Powerful & Wealthy to control the media.

    The remedy to this is to at least take the time and effort to show and convince 1 other person , and ask that person to convince one other, and so to start a chain in this way. If you can do this with 2 people, then the chain will be an ever expanding one.You can try to form a local group of friends and share info with them on a continuous basis, either through meetings, cellphone, or the web.


    2. Try writing a letter to your elected representative in your area, or the Governor of your state, or any other elected representative that you deem to be the right person.

    Try to get at least 20 signatures on that letter, of friends, neighbours, etc. This will protect you to some extent, because 20 or more people are involved. Also, that official will have that much harder time to ignore that letter.

    You could ask for example, “To clarify whether the FEDERAL RESERVE is a private corporation or not, and if not, then by which law it is what it is”.
    There are many other meaningful questions like this, which will make that elected representative sit up and take notice. Try to avoid questions concerning UFO’s, Aliens, Lizards, etc as remember, the general public still does not believe about these and so it will be easier on the elected official to ignore your letter by calling you “CRANKS”.Only take up matters which look legal, and which would sound a little reasonable, if a little out of the ordinary.

    Remember, try to write one such letter every month. Don’t assume that it is nothing. It will inform them that people are waking up, if nothing else, and will contribute to creating a sense of unease. Also, ask other groups/friends to also do the same.


    So take care that to whom it is presented, and to try to make sure that it gets a hearing.

    Realize that every person in USA is numbered (has a unique number assigned to him, called a SOCIAL SECURITY NUMBER ). Whether he pays Income tax or not.

    Also realize, that almost everybody in USA also has a unique e-mail address.

    What you have to do is, create awareness among everyone whom you come into contact with, that LET THE US GOVERNMENT , on all IMPORTANT ISSUES, like “ABORTION”, “GUN CONTROL”, “WAR ON IRAQ”, “OIL PRICE”, etc etc take the opinion of EACH AND EVERY INDIVIDUAL, BY GETTING THEIR VOTE THROUGH THEIR PERSONAL E-MAILS.

    They could do this by creating everyones e-mail as follows:

    [email protected]

    The above is an example.

    With todays supercomputers, to do this should be relatively easy. After all, the US Govt collects taxes online, doesn’t it. What better way to represent the people, than by getting their vote direct through this method..

    Be very careful though, this is a very powerful method, and because it can completely reverse power and put it back into the common mans hands, therefore it will be fought bitterly. But because the IDEA is so deceptively simple, once it takes root in everyone’s minds, it will be difficult to uproot, and in fact there can be no argument against implementing it.

    Try sending such a letter to your elected representative, your local newspaper, etc etc.

    4. Learn , to slowly fight against even small instances of injustices that you see. For example, if in a school you see that some parent is fighting for something for his child, then step forward on your own , and support that parent, whether theyb ask for help or not. For too long, people in power have taken their power for granted, and it is time we, as the common man , has to fight back. In this way, within your own situation and local community, find small ways to fight on behalf of justice. You will be surprised at the result.

    Regards and Respect to ALL.

    Blue Smith

  31. Big Otis

    Missed the major fraud: The “mortgage” was sold MULTIPLE TIMES. Hence the need to foreclose ASAP and lose the paper trail. Even homeowners making the payment on their single mortgage won’t cut it when multiple banks want to see the revenue stream.


    • Greg

      Good info Big Otis,

  32. Steve

    I read all the comments and unless I missed something I saw nothing regarding a class action and / or RICO lawsuits. Maybe they are in the works, but if not don’t you find it odd that none of the armies of lawyers in this country have the cajones to begin legal action,even if it is just “civil penalties” they are pursuing?? Are their no legal remedies in this nation of the “rule of law”? Or maybe, as members and beneficiries of “the B.A.R. club” lawyers have been coopted or threatened and have backed off pursuit of any large scale legal remedies? C’MON YOU LAWYERS OUT THERE,I THINK WE ALL WOULD LIKE A REAL ANSWER.
    The only bright light here is that even if Congress immunizes the banksters, the states AGs still have the power (do they have the will?) to throw a huge monkey wrench into the gears of the foreclosure process because each state has their own laws in this area.

    • Greg

      Here, here, Steve. Could not have said it better myself.

  33. J Glenn Lowe

    If you can’t prosecute. Get a rope. Die Banker Die – A Tribute to the Wall Street Banksters that suck the life from all of us and our economy just to get a nice Christmas Bonus –

  34. Kris Kemp

    Your website is terrific. Thank you for your integrity in bringing the facts online. So many people are wary of newspapers and mainstream media because what they write about is info-tainment.
    Thank you, Greg Hunter.
    Kris Kemp
    own less, live more

    • Greg

      Thank you Kris Kemp for the kind words and good advice.

  35. Allen

    You are not 100% accurate with this story. There have been some criminal investigations. I know of the conviction of the head of Countrywide, Pasadena, CA. With further inquiry you may find more.

    • Greg

      I am talking about financial elites, you know, the CEO level and not some low level guy in Pasadena. But I get you point, I agree there have been convictions–just little fish. Thank you for the comment.

  36. Jeff Kerr

    Back in the start of January 2009, about the time One West Bank took over Indy Mac Mortgage Company, we received a phone call from our mortgage company stating that they have not received our monthly mortgage payment. We called our bank to stop payment on the check which had been sent electronically. In February, we were then told by the mortgage company to wire $3000.00 to them to get caught up from the previous month.

    They then rejected our payment and returned the wire back into our account. They stated that it was not the total amount due and acted as if we made this information up. We were given the routing number and the amount from them. Where would we have gotten the account number to wire the funds to?

    In the meantime, we received paperwork which stated we qualified for a loan modification. We followed their instructions and send them a money order in the amount of $1240.00 in 03/2009 to process the application.

    Now, that six weeks have passed. I called and ask where our new loan paper work was at. They (The Mortgage Company) advised me that we didn’t qualify for the NEW loan Mod.
    So now, I am a few month behind on our mortgage. ONE WEST Bank decides to file foreclosure on me, and tag a 10,000 legal bill to my mortgage

    OK. I call and ask “How can I save my house”? They advised me to send $3000 in addition to the $1240 they already had, for a total of $4240 in 04/2009. Then from May to October we sent $2000 a month via Western Union. And at the end of October, I will have a balloon payment of about $10,000 dollars. At which time they say that they would work payments out with us
    Now at the end of October they sent our $2000 back. Because that they can’t take a parcel payment. So I called again. They advised me that I need to send them the full amount of $9834.00

    This is when I decide to seek legal advice. Because I believed One West Bank were lying to me.
    I found Attorney Thomas Dvorak, who took our case from October to December. I paid his law firm $3000 dollar and started to feel a little better about my house. Then from October to December I spoke with his aid Allen Raymond, who advises me, all was good. Then around xmas I try calling their office. No answer. So, I went down to his Office and found his office closed. Mr. Dvorak was in the Palm Beach jail charged with two counts of DUI.

    At this point I needed to find a new firm to help my wife and me. I found The Cambridge Law Group here in Fort Lauderdale. They took over with our loan modification in January 2010 for $3000.00 and $300 a month. At which time NO LOAN Modification was done. Not for the lack of trying on out count. One West Bank did nothing!!

    So at the end of Oct 2010 I need to hire another Attorney for 3500 dollars to file chapter 13 to TRY to keep my house.

    I sure would like to know what happened to about $18,000 dollars I sent to ONE West Bank in 2009. Because, they only showed us paying about $5000, from our tax statement of 2009.

    In short, my wife and I work and want to pay a mortgage payment. But One West Bank will not or does not want to work with us. THEY have caused this to turn out this way!!!

    Well that’s about it, in a nut shell. If you all could help that would be nice. If proof is what you need we have it.

    Thanks for reading this SAD story

    • Greg

      This is an outrageous story! I am so sorry you are going through this. Thank you for sharing your story with the readers here.

  37. Pat

    There appear to be far too many “government for private purpose rather than public purpose” crimes for people to continue to believe in government as a force of integrity in America. From Kelo to Madoff to M-F Global to nearly any contractor corruption problem at local or state governmen level, private persons are able to be unjustly enriched due to government influence or encouragement.

    “Government for public purpose rather than private purpose” has become the norm, not the law, but is on the verge of becoming law through decisions like Kelo, and nonprosecutions that result to form the customary law of the land.

    The GOP used to favor small federal government but disguised their impetus to benefit privately from government (as in the Abramoff scandal, etc.). Democrats have long been accused of using government for private purpose favoritism and corruption.

    Neither party, therefore, can accuse the other legitimately as being without fault, and both parties are suffering from overreaching and bad government – simply due to the absence of using government for public purpose, not private purpose. Lobbyists have made the most of this corrupt interpretation of the Constitution by legislatures to confound the problem, in effect, “cutting themselves in for a piece of the action,” many, being former government appointed and elected officials. The corruption is not difficult to see, as much as it is diffcult to correct.

    Without correction, there can be no legitimate government even if legitimately elected.

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