The biggest investment most Americans will make is now the target of one of the country's largest financial scams and labeled: The Perfect Crime. When fully exposed, this will make Enron look like a parking ticket.
Quote from MSFraud.org
(2003) This quote was well before it's time. Now everyone can see it's sheer brillance.
I want the lenders of America to sign this agreement:
WHEREAS, we the lenders of America operating right under the noses of the Federal Regulators, did hereby steal millions of dollars from the American public. We created the artificial real estate bubble by sending hordes of buyers into the market with triple the amount of pre approved loan amount they could borrow and qualify for by using no doc and low doc loans, adjustable rate and teaser rates, negatively amortizing arms, and brokers who forged documents, appraisers who inflated values, and a myriad of other techniques.
WHEREAS, we the lenders of America and our partners and affiliated companies in crime, ie: the title companies, brokers, appraisers, Wall Street, and assorted other entities, did hereby steal funds on every transaction with overinflated fees, settlement costs, prepayment penalties, broker kickbacks, overcharging for recordation taxes, title insurance, float in escrow accounts, captive reinsurance, and many other nooks and crannies we hid fees and profits to us.
WHEREAS, we the lenders of America are now in trouble with everyone suing us are using the "ill gotten gains" to defend ourselves against the lawsuits and protect our CEO's and other executives who were the primary beneficiaries of the FRAUD.
WHEREAS, we the lenders of America are now walking away and closing up shop leaving everyone else to pick up the pieces of the mess we are leaving behind. We( the executives who profited the most) will be fine because we made so much money we could live the rest of our lives on what we already took out or these companies. You the borrowers, not so lucky.
It's been a fun ride, thanks for coming along. Sorry it has made you nauseous in the end. Most good rides do that you know. No hard feelings. If you sign away all your legal rights we may let you keep your house. For awhile anyway. Eventually you may buckle under the pressure, and we will have to foreclose. I hope you understand. We should have never given you this loan to begin with.
Thanks a million, or should I say a hundred million,
1117 Sunshine Ave.
PS. Sorry to the IRS and the US government but you are so screwed up we decided to go elsewhere. We didn't want all of our tax dollars going to bail out the borrowers or fight the war in IRAQ. Nevermind those young men and women are fighting and dieing so scum like us can do whatever the hell we please in America. After all you did participate by looking the other way as we ran amuck. So Thanks, so sorry to do this to you. But - FAREWELL!