John's Daily Blog Older #20 Date (08/16/12- 07/22/12)

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August 16th to July 22nd

But click here for today’s daily blog

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August 16th, 2012

Did any of you read the interview last week where a potentially disgruntled Jamie Dimon of JPMorgan Chase said that people should not blame the BIG BANKS for the financial crisis? Now correct me if I am wrong — but I could have sworn that this is the same Golden Boy Brat that just explained to us back in June that his BIG BANK LOST OVER TWO to SEVEN BILLION DOLLARS — because why?

Jamie Dimon: “There were many errors, sloppiness and bad judgment” and “these were egregious mistakes.”

Now Jamie Dimon said our economy is doing so badly right now because of our constant finger-pointing and asking of unhelpful questions, like: “Why aren’t banks holding more capital?” and “Why aren’t any of you bastards in jail?” and “Who took all of my money?”

We can all just be so selfish sometimes. (shaking my head and rolling my eyes) Of course he knows it is a free country though. That is because it is exactly what every potential organized crime organization needs to survive. However, to be fair, I can see why this potentially overpaid taxpayer — welfare recipient — criminal bank CEO might find these kinds questions annoying. It might be because it suggests accountability. That is why in some ways Jamie Dimon reminds me of the male version of Leona Helmsley. She was the hotel billionaire that the press ended up calling The Queen of Mean because she was known for treating people poorly that she felt might be beneath her because of her money. Then she made the mistake of saying taxes were for the little people — but would soon find out that she was wrong — because the bitch then went to jail shortly after saying it.

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That is why someone should please tell Jamie Dimon to stop being a bitch bef0re he pisses off the American people more than he has already. Otherwise, the press might start calling him The King of Mean. This is for maybe arrogantly acting like he is also not accountable to the same laws as us little people are.

Listen — I felt like Jamie Dimon was sort of threatening us with what he said. What I mean is — I feel like he might be saying that he will continue to make decisions that will destroy our economy if we continue to try and hold him accountable. It also seemed like he does not think that the BIG BANKS should be asked any questions about the taxpayer money they were given in the tune of 16.6 TRILLION DOLLARS while being held accountable to the laws of our land. This is even though the banks are the first ones to rush into court to make sure that all of us little people are held accountable to the law with their potentially fraudulent documentation they made up that might say they have accurately identified the owner of the debt when they have not. – Washington highest court ruled on 08/16/12 that MERS cannot foreclose on the homeowners

Jamie Dimon is also wrong about thinking that the American people are asking why the banks are not holding more capital. The simple fact is that THE AMERICAN PEOPLE ARE TELLING THEM WHY THEY ARE NOT HOLDING MORE CAPITAL AND NOT ASKING. IT IS BECAUSE WE THINK THEY ARE POTENTIALLY FIXING THE BOOKS AND NOT WANTING TO PAY TAXES ON IT. The American people are also not asking why these bastards are not in jail. The simple fact is that THE AMERICAN PEOPLE ARE TELLING THEM WHY THEY ARE NOT IN JAIL. IT IS BECAUSE WE BELIEVE THE SYSTEM IS CORRUPT AND BANK OWNED AND THE LAW IS ONLY MEANT FOR THE LITTLE PEOPLE. Neither are the American people asking who took our money. The simple fact is that THE AMERICAN PEOPLE ARE TELLING THEM WHO HAS TAKEN OUR MONEY. THE BANKS TOOK OUR MONEY! Does he really think we are wondering who has taken our money? (rolling my eyes) Then again the question we might have is where did they launder the money offshore? (tongue-in-my-cheek-smiling) Now that is the real question! (Dramatic license used in picture on upper left. Dimon did not really say what is in caption)
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Then when they asked the JPMorgan Golden Boy brat about his consistent defense of Wall Street and criticism of financial rules, Dimon pushed back, saying he considered himself more “an outspoken defender of the truth.” (rolling my eyes) “This is not the Soviet Union,” he continued. “This is the United States of America. That’s what I remember. Guess what…. It’s a free. Fucking. Country.”
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NO IT IS NOT A FREE FUCKING COUNTRY! That is until the President of the United States and the United States Department of Justice and every single Judge and every single Attorney General stop these banks from stealing our homes. This is especially after you consider that there is NO WAY that this is a FREE FUCKING COUNTRY if our elected officials know these banks are in most cases unable to accurately identify the owner of the debt because there are multiple trusts and multiple beneficiaries existing the time of the fraudclosure but still allow it to continue. Neither is there ANY WAY they can get away with saying it is an isolated incident. IT IS, IN FACT, AN EPIDEMIC TO BIBLICAL PROPORTIONS. THAT IS EXACTLY WHY THERE SHOULD BE A NATIONAL FRAUDCLOSURE FREEZE ANNOUNCED WITH NO FURTHER DELAY. THAT IS IF WE LIVE IN A FREE FUCKING COUNTRY THAT FOLLOWS THE LAWS OF THE LAND THAT WE THE LITTLE PEOPLE VOTED ON.
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NO IT IS NOT A FREE FUCKING COUNTRY. That is until every single Judge and County Register stops allowing banks to process fraudclosures when there is mass evidence that there is a system in place that allows the banks to robo-sign and falsify the majority of fraudclosures with falsified documentation. Any elected official that allows this is just as guilty as the people who looked the other way when it went on in Germany with the Jews. IT IS WRONG! AND IT IS ANSWERABLE IN A COURT MUCH HIGHER THAN THEY COULD EVER IMAGINE. The simple fact is that We The Little People did not elect Kings and Queens. We The Little People elected judges who should follow the law without allowing their own understanding and politics and religion to dictate how they will pick and choose which laws they will hold the banks accountable to because they might disagree with a homeowner getting a home free and clear. Trust me! There is something way worse than that! That is a bank getting an ENTIRE COUNTRY FREE AND CLEAR.
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NO IT IS NOT A FREE FUCKING COUNTRY. That is until the President of the United States and Judges and other elected officials are going to stop turning a blind eye to justice just to save the American economy. That is what elected officials did back in the days of slavery. They feared back then that using the law to free the slaves could hurt the economy and start civil war.
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NO IT IS NOT A FREE FUCKING COUNTRY. That is until the JPMorgan Golden Boy brat is not allowed to live in shameless luxury at the taxpayers’ expense — while at the same time — shooting off his potentially arrogant and abusive above accountability mouth in full view of the American people like The Queen of Mean did. It is apparent that Jamie Dimon does not seem to realize that we are no longer fat, dumb, and happy anymore. This means we understand that he needed our American Nightmare to create his American Dream. Oh but what do we know? We are just the little people.
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Maybe this youtube below shows how Jamie Dimon might see us when we complain about how the big banks caused an economic crisis with their greed.

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The point is that us little people (The American People) do not feel that a good economy should be built on the bank broken backs of the American taxpayer by stealing our homes. That is because that is the exact type of injustice that Adolf Hitler used to build the German economy. The American people rather have the economy collapse before we ever have to live in a system that rewards the rich for being rich and punish the poor for being poor.

  1. Senate Banking Committee Testimony Of JPMorgan CEO Jamie Dimon Described As “A Big Ass Grabbing Love Fest!”

  2. JPMorgan, UBS Said Among Banks Queried in Libor Probe

That is why I want you all to NEVER GIVE IN! I want you to NEVER GIVE UP! And I want you TO NEVER STOP POINTING YOUR FINGER AT Jamie Dimon at JPMorgan chase.

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………That is why we shall continue to point our finger at you Jamie Dimon.

 

……………………Hey Jamie! Guess what? It’s a free. Fucking. Country.

…………..It just should not be for you if it comes out you have broken the law.

……………………………………….So enjoy it while you can!

…………Do you like apples, Jamie? Well what did you think of them there apples?

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………………….My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Keword 08/17/12 Sacramento: Hello

Please donate if you liked today’s blog.

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August 14th, 2012

Spire Law Group let me know today that Mitchell J. Stein has agreed to give Piggybankblog.com a pre-recorded interview. Spire Law Group said that the only condition was that his attorney (Eric Wittenberg) must be allowed to be on the phone during the interview. They said this is mainly because of the current litigation that Mitchell J. Stein is facing in both California and Florida on two separate issues. The California litigation involves the raid that has taken place at Mitchell J. Stein & Associates (last year at this time) by the California Attorney General for Stein being involved in an alleged Phillip Kramer mailer scheme. The Florida litigation involves the indictment and arrest of Mitchell J. Stein (December of 2011) by the federal government for being part of an alleged pump and dump scheme in a company called Heart Tronics. The Heart Tronics trial will begin in Florida on October 1st, 2012.

I will be covering the following topics during the interview.

  1. The New York Lawsuit.
  2. The raid of Mitchell J. Stein & Associates involving the mailer scheme.
  3. The federal indictment involving the company Heart Tronics
  4. I will be asking what his involvement is in the New York lawsuit.
  5. I am also going to see if I can get Stein to talk about (Name Readacted) and (Name Redacted) and (Name Redacted). This is because it has been alleged by someone that Butterworthless might have been behind helping Young Fadie Wan in a PR attack on me back in the day. It might have been done in a way that could only have been described as a defamation of character attempt on myself and others. (unconfirmed at this time)

MITCHELL J. STEIN HAS NEVER GRANTED AN INTERVIEW TO A BLOGGER BEFORE. PIGGYBANKBLOG WILL BE THE FIRST HE HAS EVER GRANTED AN INTERIVEW TO. Neither has he granted any requested interview about the topics listed above to any news agencies. This is even though some have called him for one. That is why I am not sure why he has decided to be brave enough to go toe to toe with — what some have described — as being one of the most feared bloggers to go up against in a debate with.

That might be because:

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Let’s face it! I fly like a butterfly! But I sting like a bee! Huma ding-ding!
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Yet I am happy that Mithcell J. Stein has granted me this interview. This is because I think there are a lot of people out there with a lot of questions about all the topics — but especially the New York lawsuit topic. That is why it is important to mention that I let those at Spire Law Group know that my main interest is really in the New York lawsuit that alleges that Bank of America and 1,799 other financial institutions are involved in the largest money laundering network in United States history.
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However, I also let them know that it is my intention to hold no punches during this interview. This is even if I did promise to be fair and respectful at all times. This means that I could not and would not guarantee them that it would not become heated between me and Mitchell J. Stein at times during the interview. They said that is why they wanted Wittenberg there.

The interview will be recorded on this Thursday and posted on the following Monday. Therefore, please do not hesitate to send me an email at piggybankblog@earthlink.net if you would like the chance to ask your question on the air with Mitchell J. Stein. Please include your name and your phone number and question in the email.

Until then! I’m in a New York state of mind baby!

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Here we go kids! It’s about to get really interesting!

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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August 12th, 2012

A perfect example of hell being paved with good intentions by the federal government might have been the creation of the Home Affordable Modification Program (more commonly known as HAMP) that was launched by the Obama administration in 2009. That is because we were told that it was built to help the nearly 4 million struggling homeowners from being foreclosed on during the bank created Armageddon which would lead us into the worst economic crisis since the Great Depression. Yet we now find out that HAMP was actually created to help the banks. This is mainly because the Obama administration feared that the banks would fail when and if 4 million foreclosures came in all at once. This why they created what I like to call THE HAMP DAM. This is because — at the end of the day –THE HAMP DAM was created to basically control how much water (fraudclosures) they wanted to let out of the lake at a time. This would effectively turn the Obama administration into an accomplice to a crime in progress — because THE HAMP DAM was built to allow the banks to continue with their potentially irregular, fraudulent, illegal and simply unsafe banking practices. This is so the Obama administration — on the head of the taxpayers — could guarantee a safe crash landing for the banks in the tune of 16.6 TRILLION DOLLARS IN A TAXPAYER BAILOUT SCHEME.

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These banks must have been laughing at us One Customer At A Time.

That is why I say the banks — with the help of the federal government and the Obama administration — might have been nothing other than Smooth Criminals with the creation of FAMP. What? Did he just say FAMP instead of HAMP? Yes, I did. This is because — according to the youtube above — FAMP would stand for the Foam Assisted Mortgage Program.

THE FAMP PROGRAM would make former President Ronald Reagan right when he said, “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’

This is because it sounds like the taxpayer was hit by smooth criminal.

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Now what are you going to do about it?

Reuters Exclusive: U.S. banks told to make plans for preventing collapse

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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August 10th, 2012

So which do you want to hear first? Do you want to hear the good news or the bad news? Okay — I will give you the good news first.

The good news is that someone at Spire Law Group has finally responded to my request for an interview. This is because I was contacted by someone at Spire Law Group after they received many phone calls and emails from those of you who are Spire clients that read my blog on August 8th. It seems there are many of you who also want to know more about the New York lawsuit. That is why many of you here at Piggybankblog will be happy to know that Spire Law Group told me that Attorney Eric Wittenberg would be willing to grant Piggybankblog an interview. The date of interview is still being discussed. I will announce the date of the interview in a future daily blog.

Then I thought I would take it one step further. This is because I asked if it would be possible to get me an interview with Mitchell J. Stein in the future. (Picture on left of Mitchell J. Stein) Well you should have heard the silence on the other end of the phone after that question. This is because I am sure they were nervous because of my well-publicized scrutiny of Mitchell J. Stein in the past. That is when I let them know that regardless of my issues in the past with Mitchell J. Stein — I certainly could put my differences aside with him long enough to do an interview. I told them that this is because I am a journalist — but mainly because I think Stein would make a great interview. I mean — who here would not love to hear an interview that would allow us to get into the mind of an evil genius like Mitchell J. Stein? Put your hands down Kamala D. Harris and United States Justice Department! We already know you both would! (lol) With that being said, I would even make sure to ask Mitchell J. Stein a question for both California Attorney General Kamala D. Harris and the United States Justice Department.

For example:

John Wright: “Mr. Stein, have you ever been a member of or in any way associated with (either directly or indirectly) the Republican Party?

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See! I’ve got your back Kamala!

Spire said they would have to get back to me on the Mitchell J. Stein part.

Either way — it looks like we are finally going to get some answers about the New York lawsuit from Attorney Eric Wittenberg. That is why I want you to be sure to send your questions to piggybankblog@earthlink.net that you want me to ask Attorney Wittenberg during the interview. If you’re lucky — I might even call you just so you can ask your question on the air.

Now the bad news is that the United States Justice Department announced yesterday that it has decided to drop the Goldman financial crisis probe. This means they will not be pursuing any criminal charges against them. They said that it was because they could not find that they did anything illegal– source article

“The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time,” the Justice Department said in a statement late on Thursday.

The DOJ does not typically make public statements when it concludes an investigation. That is why I thought I would put their statement to the bullshit meter to see if they are telling the truth.

 

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That’s right! They are actually going to let these SONS OF BITCHES get away with it! This is even after what Senator Carl Levin exposed about Goldman Sachs in April of last year. Senator Levin said that GOLDMAN SACHS WAS ONE OF THE MAIN INVESTMENT BANKS THAT CREATED A HUGE MARKET FOR SHODDY RELATED SECURITIES. THEN PACKAGED AND SOLD THEM USING “DECEPTIVE PRACTICES” WHILE PLACING HUGE BETS AND “SECRET BETS” AGAINST THE VERY SECURTIES THEY WERE SELLING THEIR CLIENTS.

Yah I guess they are right. That does not sound illegal at all does it?

U.S. Senate Investigations Subcommittee Releases Levin-Coburn Report On the Financial Crisis

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April 13, 2011

WASHINGTON – Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression.

“Using emails, memos and other internal documents, this report tells the inside story of an economic assault that cost millions of Americans their jobs and homes, while wiping out investors, good businesses, and markets,” said Levin. “High risk lending, regulatory failures, inflated credit ratings, and Wall Street firms engaging in massive conflicts of interest, contaminated the U.S. financial system with toxic mortgages and undermined public trust in U.S. markets. Using their own words in documents subpoenaed by the Subcommittee, the report discloses how financial firms deliberately took advantage of their clients and investors, how credit rating agencies assigned AAA ratings to high risk securities, and how regulators sat on their hands instead of reining in the unsafe and unsound practices all around them. Rampant conflicts of interest are the threads that run through every chapter of this sordid story.”

Click here to see Countrywide emails mentioned in youtube above

“The free market has helped make America great, but it only functions when people deal with each other honestly and transparently. At the heart of the financial crisis were unresolved, and often undisclosed, conflicts of interest,” said Dr. Coburn. “Blame for this mess lies everywhere from federal regulators who cast a blind eye, Wall Street bankers who let greed run wild, and members of Congress who failed to provide oversight.”

The Levin-Coburn report expands on evidence gathered at four Subcommittee hearings in April 2010, examining four aspects of the crisis through detailed case studies: high-risk mortgage lending, using the case of Washington Mutual Bank, a $300 billion thrift that became the largest bank failure in U.S. history; regulatory inaction, focusing on the Office of Thrift Supervision’s failed oversight of Washington Mutual; inflated credit ratings that misled investors, examining the actions of the nation’s two largest credit rating agencies, Moody’s and Standard & Poor’s; and the role played by investment banks, focusing primarily on Goldman Sachs, creating and selling structured finance products that foisted billions of dollars of losses on investors, while the bank itself profited from betting against the mortgage market.

New Evidence. Today’s report presents new facts, new findings and recommendations, with more than 700 new documents totaling over 5,800 pages. It recounts how Washington Mutual aggressively issued and sold high-risk mortgages to Wall Street, Fannie Mae, and Freddie Mac, even as its executives predicted a housing bubble that would burst, and offers new detail about how its regulator deferred to the bank’s management. New documents show how Goldman used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm’s clients and at times led to the bank’s profiting from the same products that caused substantial losses for its clients. Other new information provides additional detail about how credit rating agencies rushed to rate new mortgage-backed securities and collect lucrative rating fees before issuing mass ratings downgrades that shocked the financial markets and triggered a collapse in the value of mortgage related securities. Over 120 new documents provide insights into how Deutsche Bank contributed to the mortgage mess.

“Our investigation found a financial snake pit rife with greed, conflicts of interest, and wrongdoing,” said Levin. – read rest of article on report of financial crisis

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Yah! What he said!

In the end I guess we find out that President Obama’s HAMP program and his newly announced Financial Crime Unit he announced in the State of The Union speech might have something in common.

BOTH FAILED THE AMERICAN PEOPLE AND REWARDED THE BANKS!

I say – “Vive La Greece!”

(Dramatic license used)

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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August 8th, 2012

In July it was reported that London based HSBC Holdings PLC had exposed the United States financial system to money laundering by Mexican drug cartels as well as potentially illicit transactions involving Iran and other countries. – source article Now in August it is being reported that Standard Chartered Bank (British bank) in midtown Manhattan apparently schemed with Iran’s government to hide something like 250 billion dollars in 60,000 transactions by Iranian clients from the U.S. authorities – which ultimately — might have been used to finance terrorism and Iran’s nuclear ambitions. – source article It is reports like this that makes a person truly wonder about the New York lawsuit that Spire Law Group filed against Bank of America and nearly two thousand financial institutions on behalf of the homeowners on April 23rd, 2012 — in a New York Supreme Court in the County of Kings. – New York lawsuit

The truth is that I have been completely fascinated by the NewYork lawsuit ever since it was filed. This is because –regardless of all the underline questions and suspicions that I have about some that worked at Spire (Toby Butterworthless and Rosie) (who I heard are no longer there) – I think it is a very well written lawsuit that might have some serious teeth to it. This is because the Spire Law Group lawsuit alleges – among other things — that the Obama administration and some of the world’s largest banks were part of an international money laundering scheme that involved Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, among other federally chartered banks — in which it claims stole hundreds of millions of dollars from U.S. homeowners through little-known offshore companies. I am just saying – I find it interesting that Spire Law Group was mentioning how the banks were laundering money months before it had even really came out in the news about HSBC and Standard Charter bank. That is why I really wish I could get someone at Spire Law Group to allow me to interview them about the New York lawsuit. This is because at the end of the day the allegations made in this lawsuit might be bigger than the allegations made about some that might or might not be involved with Spire Law Group — such as the notorious Mitchell J. Stein. Like him or not – it sort of takes a risk taker like Mitchell J. Stein to have the balls to bring this kind of lawsuit against the banks. That is why I will always have a love hate relationship when it comes to my feelings about the man. I love to hate him and hate to love him. I am serious! The guy fucking cracks me up sometimes with some of the shit he does. What I mean is — I sometimes watch some of the shit he does and just shake my head laughing while think to myself — “who does that?” That is why I find the man to be the one of the most admirable and disturbing men I have ever met in my life.

At any rate, my offer still stands for anyone at Spire Law Group that would be interested in giving Piggybankblog an interview about that New York lawsuit. I promise to be fair – and we can isolate the questions to being only about the New York lawsuit if those at Spire wish. The public just wants to know about the lawsuit — since there are many people here at Piggybankblog.com who are in it.

In conclusion, it was reported that a senior official in London was not too happy about the recent report given on the Standard Chartered Banks recent developments. Apparently he said, You fuckin’ Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”

That is why I thought I would end today’s blog with an answer.

“We are the United States of America. You see — we dropped the bomb on Japan. Now who the fuck are you?”

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London Bridge is falling down,
Falling down, Falling down.
London Bridge is falling down,
My fair lady.
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Take a key and lock her up,
Lock her up, Lock her up.
Take a key and lock her up,
My fair lady.
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How will we build it up,
Build it up, Build it up,
How will we build it up,
My fair lady?
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Build it up with gold and silver,
gold and silver, gold and silver.
Build it up with gold and silver,
My fair lady.
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Gold and silver I have none,
I have none, I have none.
Gold and silver I have none,
My fair lady.
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Build it up with pins and needles,
pins and needles, pins and needles.
Build it up with pins and needles,
My fair lady.
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Pins and needles bend and break,
Bend and break, Bend and break.
Pins and needles bend and break,
My fair lady.
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Build it up with wood and clay,
Wood and clay, Wood and clay.
Build it up with wood and clay,
My fair lady.
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Wood and clay will wash away,
Wash away, Wash away.
Wood and clay will wash away,
My fair lady.
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Build it up with stone so strong,
Stone so strong, Stone so strong.
Build it up with stone so strong,
My fair lady.
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Stone so strong will last so long,
Last so long, Last so long.
Stone so strong will last so long,
My fair lady.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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August 6th, 2012

There was a time where young mortgage brokers used to make ungodly amounts of money from the fraudulent real estate bubble that they played a major part in creating. They did this by qualifying people for home loans with little to no income verification. This would inevitably put most homeowners into what these brokers knew were predatory loans — but did not care. However — these young professionals — who mostly had no more than a high school diploma before all this — would overnight become used to a lifestyle full of fast cars and fast boats and fast jet skis – because of the instant FAST MONEY that they were making off the fast commissions of these loans they sold to homeowners. Some of their marketing attempts would target some of the most unsophisticated parts of our society – such as the elderly and non-English speaking and the disabled. It would prove to be even worse if you were all the above.

In just a short period of time this new found success for young professionals would give birth to new young rich communities around the State of California and Florida — such as communities like Orange County California. That is why you should not be surprised when you receive a marking mailer in your mailbox from a company based in one of these places. This is because it was places like this that the mortgage broker/marketer lived and even built what would become the mothership for broker/marketer companies. They had simply built their homes and Orange County and the communities in Florida on the INSTANT SUCCESS that they experienced from tricking homeowners into predatory loans. It would also give birth to television shows displaying the lifestyles of these new rich young professionals. – O.C. television show. It was almost an updated version of that show lifestyles of the rich and famous – but now it might be better titled — “The lifestyles of the young and spoiled and rich and selfish”.

This is why I am sure that the regulators could probably solve more than half of the housing market issues — but by simply just dropping a nuclear bomb on both Orange County and these mortgage broker/marketer communities in Florida.

(Dramatic license used)

Presto! There would be no more mailers in your mailbox!

However, when the housing market crashed the mortgage broker/marketer would now need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to — if not now addicted to. That is because this metaphoric drug dealer (mortgage broker) killed all of their customers by selling all these bad drugs (bad loans) to the homeowner. This meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole” and start to “market a new product” to the homeowner that would allow them to continue making fast and large sums of money. The mortgage broker/marketer would do this by going into the “Loan Modification” business.

Loan Modification Companies

A loan modification is where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and the borrower. This was mostly sparked by the fact that in 2009 the banks announced that homeowners could apply for a loan modification. That is when some mortgage brokers/marketers would come up with the idea of starting “shell law firms” — which represented that they could communicate with the legal department of the bank to obtain a loan modification for a homeowner. Now for those of you who do not know — a “shell law firm” is a firm that has all the appearances that it is a legitimate law firm that is run by an attorney – but in reality — it is a law firm that has been built and is run by the mortgage broker/marketer. This is illegal for several reasons — but mainly because a non-attorney is not allowed to run a law firm.

The marketer will usually choose a young attorney who is pretty much right out of law school — who is simply seduced by the all the money the marketer is offering them. The main reason the marketer might have chosen them young is because they are stupid. It is also because the older ones are usually too smart to allow a marketer to control them. The older ones might simply want all the money for themselves — while they realize they do not need the marketer to do this for them — right Mr. Stein? (Wink) That is why the blueprint is much like how the drug dealer would find some young kid that they could just give a beeper and a nice car to — just to get them to peddle their drugs for them. It is also why, in retrospect, this blueprint would end up turning the “law firm business” into nothing other than a “one big fucking gigantic mass marketing machine” for the mortgage broker/marketer. This is because they now found another way to make fast money for their fast lifestyle after the housing market crashed. The ironic thing is that they would market themselves as part of the solution — when in reality — they played a major role in collapsing the housing market with getting you into those predatory loans. This is why you might want to think twice about those loan mod companies that were saying they were all doing it because they care so much about the homeowner and hated what the banks did to them. (Staring at them with my tongue in my cheek with a smile on my face.)

Then in 2009 many people would end up blaming the loan modification companies for not getting their loan modification for them after paying thousands of dollars. It would not be until many years later that we would find out that it was ACTUALLY THE BANKS that were causing the problem for the loan mod companies. This is because we have all come to know that it was the bank itself that would end up being the largest loan mod company scam in the world after HAMP came out.

The words of the BofA song:

    • You never fund our loan anymore without tons of shit.
    • There is no 30 day mod anymore –
    • They just don’t exist.
    • We’re trying so hard to fund it.
    • Baby! Oh Baby! — believe me I know it!
    • You lost that funding feeling.
    • Whooooah that funding feeling.
    • You’ve lost that funding feeling,
    • Now it’s gone, gone, gone.
    • Baby — Baby I get down on my knees for you.
    • If you would only fund us like you used do.

Yet we did not see anyone raiding the banks at gunpoint with badges like we did with the loan modification companies. It might be because of what some leader in Communist Russia said — which was that, “If you kill five people you are a murderer. But if you kill millions of people you are Statesmen.”

Basically in the end the loan mod companies experienced exactly what the homeowner would experience with the banks. This is because the banks claimed they never received the paperwork the loan modification companies were sending to them on behalf of the homeowner months before. Sound familiar? Yet I do not think the banks were lying about this. This is because I think the real reason the bank did this with the loan mod companies was for the same exact reason that they would do it with the HAMP offer. It was simply because the banks were not built to accommodate millions of loan modification requests that were now coming in from these mass marketing machines all at the same time. That is why I theorize that the CEO at Bank of America might have said the same thing as the Captain of the Titanic when those loan modification requests came in — “Where is all this fucking water coming from?” The answer is — from the Loan Modification Companies that were started by the mortgage broker/marketer.

Then in 2009 the news and the authorities started cracking down on loan modification companies in the State of California.

July 23, 2009

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Then in September of 2009 California lawmakers passed SB94. This law prevented anyone from taking up-front fees to negotiate a loan modification. This was pretty much the end of The Loan Modification Business.

Now the mortgage broker/marketer would need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to — if not now addicted to. That meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole” to “market a product” to the homeowner that would allow them to continue making fast and large sums of money. They would do this by going into the “Mass Joinder Lawsuit” business.

Mass Joinder Lawsuits

Mass joinder lawsuits are for individual plaintiffs jointly using the same legal arguments and applying them to their unique and individual situation. It has been said that mass joinders are the way to go – but mainly because the average “individual lawsuit” against a bank could cost anywhere around 150k. Well I guess if you had 150k you would not have needed a loan modification in the first place — which is exactly why the homeowner was attracted to the mass joinder lawsuit.

The first mass joinder lawsuit that would rise up out of the Great Mortgage Crisis would be the Ronald et al vs. Bank of America lawsuit. Now this lawsuit was filed by a legitimate law firm that was not born from and ran by the marketers — as far as I know. It would be filed by the infamous Mitchell J. Stein in which the infamous Attorney Phillip Kramer would also work on the Ronald lawsuit for a period of time. This would make sense after you consider that both of their offices were right next door to one another at the time. However, for some reason (scratching my head) after the mass mailer scheme was revealed by the BofA attorney — Mitchell J. Stein moved his office to Agoura Hills California away from Phillip Kramer.

There was originally no charge to be in the Ronald et al vs. Bank of America lawsuit. That was until maybe the mortgage broker/marketer were able to seduce Phillip Kramer into a mass marketing scheme — in which it might have appeared that mortgage broker/marketer might have now finally been able to find themselves an older greedy attorney to control — instead of a young stupid greedy one. Yet if we were to consider “Philip Kramer” to be more like the “Oliver North” of the Iran Contra scandalI guess it could be said that “Mitchell J. Stein” would be more like “Ronald Reagan” in the mailer scandal. This is because Mitchell J. Stein would make the same claims about the mailer scandal that Ronald Reagan would make about the Iran Contra scandal – which was that Mitchell J. Stein would represent that he knew nothing about the mailers and had no affiliation with Phillip Kramer. This is even though he apparently worked right next door to him. Unfortunately for Mr. Stein the California Attorney General was able to produce emails between Phillip Kramer and The Marketer and Mitchell J. Stein which might have suggested otherwise. This would include testimony that Mitchell J. Stein allegedly held up a check in front of The Marketer while saying — “It’s all about the money!”

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Everything seemed to start to go wrong when Phillip Kramer and these main marketers started soliciting other mortgage brokers/marketers to sell the Ronald et al vs. Bank of America lawsuit for a commission on the sale — but with themselves at the top of this potential pyramid. That is why overnight there were dozens of “shell law firms” and other “intake companies” for the Ronald lawsuit popping up all over the State of California. This apparently caused a problem for Phillip Kramer. This is because now all these mortgage brokers/marketers were independently sending out mailers to market the Ronald lawsuit to millions of California homeowners without Kramer knowing what the others were exactly putting on the mailers he might have given them authority to send. This would result in some of these mortgage brokers/marketers putting on the mailer that a homeowner could “avoid foreclosure” if they paid to enter the Ronald et al vs. Bank of America lawsuit. This might have been the first evidence that the mortgage brokers/marketers had apparently turned the legal system into a marketable product. It would be equivalent to doctors allowing marketers to send out mailers that offered two hearts for the price of one if you came to them for the transplant.

Then one day them there roosters came home to roost for both Mitchell J. Stein and Phillip Kramer. This is because Martin Andelman from the Mandelman Matters blog had just revealed to the world one of these mailers that had both the “Kramer and Kaslow” and “Mitchell J. Stein”name all over it. – Mandelman Matters Article Additionally, one of the Bank of America attorneys, Mr. Klein, had also showed the mailer to the judge in the Ronald et al vs. Bank of America lawsuit. This is where President Reagan’s Iran Contra blueprint might have seemed to all go wrong. Apparently Oliver North” did not control it good enough to make sure it never came back to the President — and the blueprint of “Plausible Deniability” that was setup to protect the President might have simply made him vulnerable in the end. This is because the blueprint simply gave too much power to “Oliver North” to do things in the name of the President without the President knowing. That is why Mitchell J. Stein might have said the same words that Reagan said when they told him that the Iran Contra plot had been finally realized — “Oh shoot! I never thought they would do that!”

Phillip Kramer went into damage control mode. On the Mandelman Matters blog he said that he would send out a cease and desist letter to every single company that was sending out these mailers. I am guessing there were so many of them at this point that he probably did not even know who was doing it and who was not. Nevertheless, the problem seemed to be solved. That is until soon after the interview another “shell Law Firm” named “Mass Litigation Alliance” seemed to pop-up out of nowhere with Phillip Kramer controlling it. Well I should not say “nowhere”. This is because it seemed to have popped-up out of the ashes of a law firm named K-2 Law. The problem was that “K2-Law” was one of these firms that Phillip Kramer had previously sent a cease and desist letter to for sending out mailers.

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This is when I became involved. This is because someone showed me an email where the CEO of Mass Litigation Alliance had announced to a homeowner that Mass Litigation Alliance was now going to mass market my lawsuit and name. I would completely strike back in immediate protest. This is because I did not want anyone to be turned into victims with my name.

My protest would result in me being threatened by someone who was involved with Mass Litigation Alliance.

“Mr. Wright — I must warn you that trying to engage marketing politics wars with powerful people without knowing the nature of the beast could result in devastating consequences, not just for the outcome of your own case, by severe legal consequences as well. You should learn the nature of the beast before venturing into the cave with them. You do not have your facts straight, and although you may currently appear to be protected by your 5th amendment rights (for now), your actions are causing an outrage with some very powerful people. We pray you know what you are saying and doing because many people’s lives and reputations are on the line. How do I know? Because I’m an affiliate of these matters and can easily disprove your false allegations. This blog will not be live for long. High powered people with the authority to take action to stop you from circumventing meaningless propaganda resulting in defamation of character accusations will stop you in your tracks. For your sake, you better hope you have deep pocket books to combat the legal expenses you are about to suffer for slandering important people who have the ability to FIGHT YOU BACK.

The Moral of The Story Here Is Simple:

YOU HAD BETTER KNOW THE NATURE OF THE BEAST BEFORE VENTURING INTO THE CAVE WITH HIM.

Mitch is only in this for the settlement money, not for your causes, but even Mitch knows his limitations and realizes when he is playing with fire. Mark my words, this blog won’t be here much longer. Enough said.”

It was readily apparent to me that Satan thought that Mitchell J. Stein controlled my lawsuit — or was controlled by marketers affiliated with them that could hurt my lawsuit if they instructed him too. They would end up terribly wrong. That is because — what they did not know — was it was Mitchell J. Stein that had given me the heads up that “Mass Litigation Alliance” was getting ready to market my name. Doh! That is why at first I did not think that Mitchell J. Stein had anything to do with the mailer scheme. This is because it did not make sense to me at the time that Mitchell J. Stein would throw his own people under the bus.

At any rate, I do not know who sent that threat exactly. Yet I can tell you that it was not an attorney or Attorney Phillip Kramer. This is because the person said,and although you may currently appear to be protected by your 5th amendment rights (for now)….. “ which meant that it was probably a bonehead mortgage broker/marketer who only had a high school diploma before all this. This is because everyone knows that it is my 1st amendment right and not my 5th amendment right. (rolling my eyes and shaking my head) Nevertheless, this would be evidence of exactly why these young mortgage brokers/marketers should not be in control of sending out legal mailers to homeowners.

It is also important to mention that this person who gave the threat was also wrong. That is because both Mass Litigation Alliance and Mitchell J. Stein are gone. But guess what? I’m still here!

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Enough said.

Now by this time these Phillip Kramer mailers had gotten into the hands of the Bank of America attorneys. They would not only bring it up to the judge in the Ronald lawsuit — but they also turned it into both the California State Bar Association and California Attorney General. This would result in the raid of both the offices of Phillip Kramer and Mitchell J. Stein & Associates. I guess the move to Agoura Hills did not work. (wink) Nevertheless, this seemed to be the end of the mortgage broker/marketer being in the mass joinder business.

Now the mortgage broker/marketer would need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to — if not now addicted to. That meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole” to “market a product” to the homeowner that would allow them to continue making fast and large sums of money. They would do this by ………….. we don’t know yet. It has not been revealed.

Yet the Get Out of Debt Guy might have an idea.

The Get Out Of Debt Blog Gives Warning About Edward Cherry and Fidelity Land Trust Company Based In Florida. Steve Rhode Said that “The Owners Are A Mystery. Who Really Are They?

The Fidelity guys potentially went from selling debt settlement which led to an attorney getting disbarred — to selling debt elimination which led to another attorney getting disbarred (I think) — to selling timeshare rescue — to selling debt elimination through legal referrals – TO THIS!

For the record, Piggybankblog.com contacted both “Edward Cherry” (by facebook on 08/05/12) and “Paul Gellenback” (by phone 08/04/12) of Fidelity Land Trust for comment.

Hi Edward —

Thank you for accepting my friend request.

I am John Wright with Piggybankblog.com. I am working on a story about Fidelity Land Trust to be posted on this Monday. This is because it seems that the recent story on the “Get Out of Debt Guy” blog about Fidelity Land Trust has sparked the interest of many bloggers that I speak to. I have heard that many of them are also going to be also doing a story on it. This is mainly because of the allegations made about you and others in that article. That is why I thought I would try to track you down to see if you would be interested in answering some questions before I wrote the article. I promise to be fair. This is even though I may ask some very hard questions.

Please let me know if you would be interested in speaking to me on the telephone to answer a few questions I have.

Respectfully,

John Wright

Piggybankblog.com

There was no return email or phone call from either one.

Listen — I am not going to just pick on Fidelity Land Trust here. This is because I feel that every homeowner should use due diligence to investigate any company that is asking you to “sign over your deed” to a “Land Trust” with the use of an “unidentified investor” while using a“law firm” that is representing that they can save you from foreclosure and then rent your own house to you in the end. This is because you “might” be handing it over to the mortgage brokers/marketers hands — but only so they can hand your deed to your home over to the investor — just like the good old days. That is because they might REMEMBER THAT THERE IS GOLD IN THEME THERE HILLS with you desperate and scared homeowners.

Now this is not to say that every single company is run by the mortgage broker/marketer. It is also not to say that there is anything fraudulent and illegal about the company listed above. Neither is it to say that “ALL” the mortgage brokers are bad people. There are also clearly some very educated mortgage brokers. So this is not meant to offend mortgage brokers. This is only to say that homeowners might want to use extreme due diligence with any company where it has been alleged that the people involved have any kind of record in the past. It is also to say that the homeowner should also use extreme due diligence when there are any of these kind of companies that are using a disbarred attorney in the background as a consultant for a two year attorney in the forefront. This is because this could be the signs of a “shell law firm” that is being run by the mortgage broker/marketer who is trying to help the investors get a hold of your house during a time when you are afraid and desperate. They simply might just be recycling you over and over and over and over — but just so they can make the commissions off selling you to yet another predatory loan process to pay them their fast money they need for the fast lifestyle they have become accustomed to — if not addicted to.

“But often, it’s more sinister. Evans has handled cases where attorneys will place liens on the home to secure money they think they’re owed, taking advantage of immigrants’ lack of English skills and getting them to sign over deeds.”Read Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond

So Remember! The next time you receive one of those mailers in the mailbox — you must realize that you have been chosen by the “marketer” to be “marketed” to for a reason. This is because –”Wherever there is a carcass, there the vultures will gather.” — (Matthew 24:28) So beware of those – “who come to you in sheep’s clothing, but inwardly are ravenous wolves” – (Matthew 7:15)

See I have warned you.

Therefore, If anyone is to go into captivity, into captivity he will go.”(Rev 13:10)

Enough said.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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July 30th, 2012

Okay — so I am a little freaked out that Mitt Romney might pick –none other than – are you ready for this – Florida Attorney General Pam Bondi (aka Blondie) as his running mate for Vice President. Now excuse my freedom of speech – BUT ARE YOU FUCKING KIDDING ME? I would rather vote for Jamie Dimon of JPMorgan Chase and Brian T. Moynihan of Bank of America for President instead! This is because both Mitt Romney and Pam Bondi have not made it any secret that they are not on the side of the homeowner with this issue. — article pointing to Pam Bondi as possible Romney pick.

Let’s not forget that it was Florida Attorney General Pam Bondi who said that she was against principal rate reductions as a settlement — but because she feared it would cause a “moral hazard”. What was her reasoning? Well she said that it would make a homeowner who was paying on-time default just to get a principal rate reduction. It apparently does matter to Florida Attorney General Pam Bondi that the banks inflated the appraisal on our homes as part of a potential bank insurance fraud that would end up leaving the taxpayer on the hook for 16.6 TRILLION DOLLARS. No that is not considered anything like a “moral hazard” at all — is it Pam? (Shaking my head and rolling my eyes)

Pam Bondi talks just like the banks. For example, pay close attention to the dates between these two articles below.

Bank Chief Rejects Idea of Reducing Home Loans

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March 8th, 2011

Showing resistance for the first time against government pressure to write off tens of billions worth of mortgage debt, Bank of America executives said on Tuesday that the idea was unworkable and warned that it would be unfair to borrowers who had managed to stay current on their loans.

“There’s a core problem that if you start to help certain people and don’t help other people, it’s going to be very hard to explain the difference,” said Brian T. Moynihan, the chief executive of Bank of America. “Our duty is to have a fair modification process.”

Following statement is not part of article: Does Brian Moynihan mean a fair process like this youtube where they are laughing at us below?

The words of the BofA song:

    • You never fund our loan anymore without tons of shit.
    • There is no 30 day mod anymore –
    • They just don’t exist.
    • We’re trying so hard to fund it.
    • Baby! Oh Baby! — believe me I know it!
    • You lost that funding feeling.
    • Whooooah that funding feeling.
    • You’ve lost that funding feeling,
    • Now it’s gone, gone, gone.
    • Baby — Baby I get down on my knees for you.
    • If you would only fund us like you used do.

All 50 state attorneys general, as well as a host of federal agencies, are pushing for a settlement over investigations into foreclosure abuses by major mortgage servicers that could cost the industry $20 billion or more. Much of that money would be earmarked to reduce principal owed by homeowners facing foreclosure. – read rest of New York Times article

Bondi: Don’t cut homeowners’ mortgage principal

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March 15th, 2011

The attorney general of Florida — a state where almost half of all mortgaged homes are underwater — opposes efforts that would force the nation’s five largest mortgage servicers to reduce the principal on loans owed by struggling U.S. homeowners.

Attorneys general in all 50 states are part of a group now negotiating a settlement with the five lenders, which are accused of falsifying and otherwise mishandling loan documents and mortgage modifications. Florida Attorney General Pam Bondi is one of seven members of the group who oppose a key negotiating point: Cut the mortgage principal for qualified homeowners.

For example, a delinquent homeowner who owes Bank of America $200,000 on a house now worth $100,000 could find the mortgage’s principal amount reduced by an as-yet-undetermined amount through the general proposal under discussion — an appealing proposal for the 2 million Floridians with such “underwater” loans.

The federal government for about a year has been pushing banks such as BOA and Wells Fargo to reduce the mortgage principal for qualified borrowers in danger of foreclosure. But nearly all mortgage modifications still involve only interest-rate reductions or extensions of the loans’ terms — for example, converting a 30-year mortgage to a 40-year mortgage.

Bondi and several attorneys general from other states say principal reduction oversteps the mission of the group that is negotiating with the five banks, and she fears it could turn into a free-for-all of underwater homeowners. The Mortgage Foreclosure Multistate Group should stick to addressing the wrongdoings of loan servicers, she said, instead of trying to dictate how lenders modify problem home loans.

Pushing lenders to forgive part of their mortgage holders’ debt could encourage even responsible homeowners to stop making payments on their loans, in the hope they can eventually get their bank to erase part of their mortgage, Bondi wrote in a recent letter to the head of the working group.

“Some homeowners may simply default on their loan and use the States’ agreement to obtain a principal reduction — whether or not they actually made an effort to maintain their mortgage,” wrote Bondi, who serves on the negotiating group’s executive board.

She called it a potential “moral hazard” that “rewards those who simply choose not to pay their mortgage — because they can simply take advantage of lenders’ obligation to honor virtually automatic principal write-downs.”

Well if it walks like a duck — talks like a duck — by golly it is a potential bank owned elected official named Pam Bondi! That is why we all need to watch just how much money the bank donates to both Romney and Bondi.

Where was Florida Attorney General Pam Bondi when the banks created a “moral hazard” with the crimes they committed against the homeowner who was “paying on-time” AFTER THEY LOST HUNDREDS OF THOUSANDS OF DOLALRS IN EQUITY — but simply because the housing market was now flooded with homes from people who were given loans with little to no income verification as part of a taxpayer insurance scam? Did she raid any banks? Make any arrests? Nope! Where was Florida Attorney General Pam Bondi when the banks received 16.6 TRILLION DOLLARS IN TAXPAYER BAILOUTS – which incidentally – created a “moral hazard” — because it now gave incentive to other banks to make risky bets when they realized they could get a taxpayer bailout? Do you want to know where she was at? I will tell you where she was at. She was in Florida worried about a “moral hazard” being created as if the homeowner was the enemy. She was afraid they would stop paying to get a principal rate reduction — which by the way — they deserve after you consider the bank fraudulently inflated the price of their home before they bought it.

Yet I have to agree with Pam Bondi that a principal rate reduction would not be fair to those who are paying on-time. This is because it would suggest that the banks own the debt – or are able to accurately identify the owner of the debt to give you a principal rate reduction in the first place. The simple fact remains that IN MOST CASES there are multiple trusts and multiple beneficiaries existing with the majority of the loans. The reason this happened is because the greedy banks bundled up tens of thousands of loans at one time into one big gigantic hot dog. Then they sold them multiple times to multiple investors to the point that they are now unable to identify which pig and chicken and cow was used to make up each part of that hot dog they created with your loan. That means that they are unable to identify which part of the hot dog is your loan.

The reality is that these elected officials like Pam Bondi might be just as guilty as the banks who are breaking the laws if they do not enforce the law. They have become nothing other than a potential accomplice to a crime in progress.

Here are the words of Pam Bondi’s potential future boss.

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Hey Obama! Have your people get a hold of my people! (Wink)

Apparently we simply get in the way of these investors (vultures) who want to live off our dead carcass by selling our homes and renting them out to make money. That is why it says, Wherever the carcass is, there the vultures will gather.” (Matthew 24:28)

Yet think again Pamela Bondi and Mitt Romney. That is because the American homeowner simply think you both might be a “Moral hazard” for being an accomplice to a crime in progress with the banks.

They forget that it is not the investors that make this country wonderful.

It is We The People that do!

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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July 27th, 2012

The Federal Reserve is the unelected and nontransparent central bank of the United States of America. It is a PRIVATE COMPANY that is about as “Federal” as “Federal Express”. That is why it has been said that the Federal Reserve is nothing other than a monopoly that controls the flow of our nation’s money and credit and people. Yet the Federal Reserve claims that it serves in the best interest of the public. However, in reality, it seems to have a history of serving in the best interest of “itself” and the “banks”. This is after you consider that it would be responsible for putting the taxpayer on the hook for over 14 TRILLION DOLLARS IN BAILOUT AND LOANS TO THE BANKS, which by the way, the fed and its Chairmen, Ben Bernanke, have flat out refused to disclose any detailed information about. This is highly unacceptable — because the taxpayer has to pay interest on all that fake money that the Federal Reserve printed up – which incidentally – we probably need to have them print up again — but just so we can pay them the interest that we now owe on it. That is why the Federal Reserve seems to be the gift that keeps on giving – or should I say – “keeps on taking”.

Now over the years many have been astonished how the Federal Reserve has been granted so much power over the United States Government and its people by Congress and former President Woodrow Wilson after signing the Federal Reserve Act on December 23rd, 1913.

Senator Harry Reid before Congress in 1995.

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Former President Wilson knew it was a mistake after he signed it.

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”Former President Woodrow Wilson after singing the Federal Reserve Act.

This is why I am sure that yesterday’s headline will excite you.

Ron Paul Finally Gets His Fed Audit

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Piggybankblog posted on 07/26/12

Cross linked bloomberg.com

Ron Paul’s “Audit the Fed” bill passed the House of Representatives today by an overwhelming margin: 325-99. As Kate Nocera of Politico notes, the bill has come a long way from being one of Ron Paul’s lonely crusades to being a measure with broad bipartisan support.

Even though the audit doesn’t directly constrain the Fed’s power — or abolish it, as Paul would really like to do — the Fed has been resistant because it sees an audit as undermining its independence from Congress. The key question is, how independent do we want the Fed to be?

The point of central bank independence is to allow the bank to make good policy decisions that politicians might object to. In the early 1980s, this meant keeping interest rates high in order to bring down inflation, despite businesses and politicians who would have liked cheaper borrowing in order to encourage more investment in the short term.

While the common worry is politicians demanding inappropriately loose monetary policy, today we have the opposite problem: politicians, including Paul, demanding that the Fed tighten when it ought to be loosening more. Unfortunately, Ben Bernanke and the Fed governors have not been willing to stand up to these voices; they have failed even to meet the Fed’s 2 percent inflation target, let alone to raise it, or to adopt a policy like nominal GDP targeting, which would call for higher inflation when it is needed (like today).

On one hand, I wonder what good an independent Fed is when it won’t use its independence to undertake unpopular but correct policy. On the other hand, I worry that a Fed more closely overseen by Congress would have allowed even more disinflation over the last few years.

But it doesn’t have to be the case that Congress is a voice for bad monetary policy. After Ben Bernanke, the most blame for the Fed’s insufficient action belongs with liberal politicians. While conservatives in Washington have demanded hard-money policies that would drive unemployment even higher and GDP growth lower, liberals have been nearly silent on monetary policy.

Looser money and higher inflation (again, not forever, but in our current circumstances) would be good for the economy as a whole, but it would be especially good for the unemployed and the indebted, constituencies that are disproportionately Democratic. It should have fallen to Democrats to counter Republican pressure for hard money, but all the way up to President Obama, they have not done so. So, even if Bernanke had wanted to loosen more aggressively, he would have lacked political cover for doing so.

I expect more Congressional oversight of the Fed to simply mean more opportunities for hard money advocates to use it as a punching bag. That political pressure might mean tighter money and even worse monetary policy. But if liberal members of Congress — or conservatives who have been reading Ramesh Ponnuru and David Beckworth — started insisting that the Fed has been too tight, some more Congressional meddling might be a good thing.

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His name is Ron Paul.

HE FOUGHT BACK AND WON!

Have a great weekend everyone!

That is because it’s a celebration bitches!

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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July 25th, 2012

Judge Highberger dismissed ALL OF THE REMAINING ALLEGATIONS BUT ONE listed in the Ronald et al vs. Bank of America lawsuit about two weeks ago. That means that the only allegation left in the Ronald lawsuit has to do with “invasion of privacy,” which unfortunately, only applies to only about ten or more of the Ronald lawsuit plaintiffs. That is why we can pretty much consider it over for the Ronald lawsuit.

The Ronald et al vs. Bank of America lawsuit was filed back in 2009 by the infamous and scandalous Mitchell J. Stein. It would later be joined by another heavyweight attorney named Kenin Spivak. It was sometime after that when Brookstone Law would end up recruiting both Kenin Spivak and Mitchell J. Stein to develop the Wright et al vs. Bank of America lawsuit.

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This is why the Wright lawsuit has Mitchell J. Stein’s DNA in it even until today.
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This relationship was very short lived between Brookstone and Stein. This is because there seemed to be some kind of argument between Mitchell J. Stein and Brookstone Law soon after the Wright lawsuit was filed. The argument would result in Mitchell J. Stein announcing to the world that he would no longer be working with Brookstone Law. This would cause a separation – if not war – between Mitchell J. Stein and Brookstone Law.

The Ronald et al vs. Bank of America lawsuit suffered a series of scandalous blows that might have proven to be the beginning of the end for the Ronald lawsuit. Yet it all seemed to start with a few short words from a Bank of America attorney in a courtroom on February 3rd, 2011. It would be considered the shot that was heard around the world.

Bank of America Attorney Klein 02/03/11: “I’d like to show the court what we’re actually receiving — because it looks like it’s either — if not from Mr. Stein – it’s from Mr. Kramer. And Mr. Kramer is representing that he is affiliated with Mr. Stein, both on the web, and these letters and in whole another series of things I’d like to show the court.” (BofA attorney brought up unethical mailer to the judge in the Ronald suit.) – transcripts

Then on March 28th, 2011, Kenin Spivak made a motion before the court to have Mitchell J. Stein removed as lead counsel on the Ronald lawsuit. — motion filed This is because Spivak believed that Mitchell J. Stein was indeed part of the mailer scam – in which he alleged that Stein was taking and hiding money from the other partners. This motion would not result in Mitchell J. Stein being removed as lead counsel — but instead — it would result in the Honorable Judge Highberger sort of splitting the baby in half — but by saying that Spivak and Stein could be the lead counsel of their own Plaintiffs that chose to go with them in the Ronald lawsuit. This would result in the Plaintiffs in the Ronald lawsuit being referred to as “Group One” and “Group Two”. (Shaking my head and rolling my eyes) Spivak would later end up dismissing his portion of the Ronald lawsuit. He then invited his portion to join the Wright et al vs. Bank of America lawsuit at no charge. (Picture of Spivak on left)

In the end — I guess the problem was that one was “a little bit country” and the other was “a little bit rock n roll”.

Then Mitchell J. Stein & Associates was raided on Stein’s birthday in August of 2011 by the California Attorney General for the unethical mailer scheme. It would end up being one hell of a birthday card to Mr. Stein too. This is because the California Attorney General accused Mitchell J. Stein of fraudulently misleading thousands of struggling homeowners into paying to be part of mass lawsuit against mortgage lenders like Bank of America. The raid would eventually result in the California State Bar Association making Mitchell J. Stein unable to practice law in the State of California. That is why the fate of the Ronald lawsuit plaintiffs would now be left in the hands of an extremely more inexperienced attorney named (Name Redacted).

Mitchell J. Stein would end up filing a Civil Rights lawsuit against the California Attorney General as a result of the raid. It would later be dismissed by Stein because all the defendants were never served. Stein has since filed another one — but it has been rumored that this one is not doing very good either. (unconfirmed)

Stein would also file a lawsuit against Brookstone Law and Kenin Spivak for ONE BILLION DOLLARS as a result of the raid. However, this lawsuit would be dismissed by the Honorable Judge Highberger who said, The Complaint challenged by this motion is one of the most addled pieces of legal drafting this Court has ever seen in 40 years of legal practice and judicial service.” Legaspi vs. Spivak lawsuit

Then on December 18th 2011, the United States Department of Justice would end up arresting Mitchell J. Stein at the Los Angeles International Airport on an unrelated charge. It would have something to do with an allegation that Stein inflated the stock price in a company called Heart Tronics. Stein is now out on bail with an October 1st, 2012 trial date. — Mitchell J. Stein arrest

Now there are many who believe that part of the reason the Ronald lawsuit failed is because (Name Readacted) is not really considered to be a litigator -- while they argue that the mistake made in the Ronald complaint might have been that they kept referring to “investor fraud” instead of addressing the “consumer fraud” that had taken place. This is because everyone knows the banks had an incentive to defraud their investors, however, the plan would not have worked without the unsuspecting homeowner’s getting screwed in the process. The simple fact is — had the bank disclosed the loans properly — the homeowner’s would not have signed on the dotted line and their entire Ponzi scheme would have fell apart way before the bubble burst. They instead created derivative products to confuse not only the consumer but the investor into believing that the shit they were selling was quality stuff. (Picture of Mitchell j. Stein on left)

The question is if the Wright et al vs. Bank of America lawsuit will be as severely damaged if the very same five causes of action are thrown out. I have been told that the answer is “no”. This is because the Wright lawsuit is no longer anything like the Ronald complaint. Brookstone Law basically re-wrote the whole entire thing after the separation with Mitchell J. Stein. However, for the record, the bad news is that on July 23rd, 2012, the Appellate Court denied certiorari to hear the “Fraudulent Concealment” claim that was thrown out of the Wright lawsuit. This means they don’t want to hear the issue. With that being said, there are no future dates in court yet. The case is still stayed because the stay pending decision of the Appellate Court was minimum of 45 days. So once the stay is lifted, B of A will file another demurrer and off we go on that again. (Shaking my head)

The good news is that the “Intentional Misrepresentation” and “Negligent Misrepresentation” causes of actions were left in the complaint.

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Now the New York lawsuit that was filed by Spire Law Group might be the last hope for the Ronald lawsuit people. However, unfortunately, there are many who are left with very serious concerns about the New York lawsuit. This is because many question if Spire has the money and the staff to accommodate a lawsuit where they have identified nearly 2000 financial institutions as defendants. There also seems to be concerns regarding the recent revelations made in the Fadie Hany Areny’s resignation letter to Spire Law Group.

In the end — the Ronald et. al vs. Bank of America lawsuit must unfortunately take its place at the bottom of the sea of history — but for being the first lawsuit ever filed on behalf of the homeowner concerning this issue.

Rest in peace Ronald et al vs. Bank of America.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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July 22nd, 2012

It is so funny — because I always get stuck chasing a metaphoric white rabbit into the wonderful world of youtubeland when I try to find a youtube that will go good with a story that I might be writing about at the time. For example, I might start off by trying to find a youtube about the Federal Reserve. Then two hours later after clicking the next youtube after the first plays — I inevitably find myself watching a one hour youtube about “the day and life of Bob Dylan” – not really understanding how I got to that point. Then today I became an absolute expert on the circumstances surrounded the World Trade Center attacks completely on accident while saying out loud, “No shit — this idiot actually believes that our government conspired to attack the World Trade Center? There is no fucking way! What an idiot!” Then about 15 youtubes and two hours later I am totally convinced that our government planned it – and yet – I have somehow ended up on a youtube that is talking about the strange circumstances surrounding Michael Jackson’s death. (Shaking my head and rolling my eyes)

The other day – just for fun — I was trying to see if there was anyone who was claiming that there was any bible prophesies that might accurately identify the evil bankers. There was of course a lot of trippy stuff out there that made me roll my eyes at times — and yet — there was some stuff that had me sort of raising my eyebrow at times too.

That is why I thought I would give a sermon on the Mount of Piggybankblog.com since it is Sunday. I will pass around the basket at the end. (Wink)

Revelations 17-18:

One of the seven angels who had the seven bowls came and said to me, “Come, I will show you the punishment of the great prostitute, who sits by many waters. With her the kings of the earth committed adultery, and the inhabitants of the earth were intoxicated with the wine of her adulteries.”

Then the angel carried me away in the Spirit into a wilderness. There I saw a woman sitting on a scarlet beast that was covered with blasphemous names and had seven heads and ten horns. The woman was dressed in purple and scarlet, and was glittering with gold, precious stones and pearls. She held a golden cup in her hand, filled with abominable things and the filth of her adulteries. The name written on her forehead was a mystery:

  • babylon the great
  • the mother of prostitutes
  • and of the abominations of the earth.

When I saw her, I was greatly astonished. Then the angel said to me: “Why are you astonished? I will explain to you the mystery of the woman and of the beast she rides, which has the seven heads and ten horns. The beast, which you saw, once was, now is not, and yet will come up out of the Abyss and go to its destruction. The inhabitants of the earth whose names have not been written in the book of life from the creation of the world will be astonished when they see the beast, because it once was, now is not, and yet will come.

“This calls for a mind with wisdom. The seven heads are seven hills on which the woman sits. They are also seven kings. Five have fallen, one is, the other has not yet come; but when he does come, he must remain for only a little while. The beast who once was, and now is not, is an eighth king. He belongs to the seven and is going to his destruction.

The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. They have one purpose and will give their power and authority to the beast. They will wage war against the Lamb, but the Lamb will triumph over them because he is Lord of lords and King of kings —and with him will be his called, chosen and faithful followers.”

Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages. The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority, until God’s words are fulfilled. The woman you saw is the great city that rules over the kings of the earth.”

After this I saw another angel coming down from heaven. He had great authority, and the earth was illuminated by his splendor. With a mighty voice he shouted:

“‘Fallen! Fallen is Babylon the Great!’ She has become a dwelling for demons and a haunt for every impure spirit, a haunt for every unclean bird, a haunt for every unclean and detestable animal. For all the nations have drunk the maddening wine of her adulteries. The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her excessive luxuries.”

Then I heard another voice from heaven say:

“‘Come out of her, my people, ’so that you will not share in her sins, so that you will not receive any of her plagues; for her sins are piled up to heaven, and God has remembered her crimes. Give back to her as she has given; pay her back double for what she has done. Pour her a double portion from her own cup. Give her as much torment and grief as the glory and luxury she gave herself. In her heart she boasts, ‘I sit enthroned as queen. I am not a widow; I will never mourn .’ Therefore in one day her plagues will overtake her: death, mourning and famine. She will be consumed by fire, for mighty is the Lord God who judges her.

“When the kings of the earth who committed adultery with her and shared her luxury see the smoke of her burning, they will weep and mourn over her. Terrified at her torment, they will stand far off and cry:

  • “‘Woe! Woe to you, great city, you mighty city of Babylon! In one hour your doom has come!’

“The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore — cargoes of gold, silver, precious stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; cargoes of cinnamon and spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour and wheat; cattle and sheep; horses and carriages; and human beings sold as slaves.

“They will say, ‘The fruit you longed for is gone from you. All your luxury and splendor have vanished, never to be recovered.’ The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn 16 and cry out:

  • “‘Woe! Woe to you, great city, dressed in fine linen, purple and scarlet, and glittering with gold, precious stones and pearls! In one hour such great wealth has been brought to ruin!’

“Every sea captain, and all who travel by ship, the sailors, and all who earn their living from the sea, will stand far off. When they see the smoke of her burning, they will exclaim, ‘Was there ever a city like this great city ?’ They will throw dust on their heads, and with weeping and mourning cry out:

  • “‘Woe! Woe to you, great city, where all who had ships on the sea became rich through her wealth! In one hour she has been brought to ruin!’
It said she traded all things. World Trade Center?
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  • The ten horns you saw are ten kings who have not yet received a kingdom could be the “EU-10″. The Western European Union (WEU; French: Union de l’Europe occidentale, UEO) was an international organization tasked with implementing the Modified Treaty of Brussels (1954), an amended version of the original 1948 Treaty of Brussels. The WEU was established by seven Western European nations during the Cold War. On 13 November 2000, WEU Ministers met in Marseille and agreed to begin transferring the organization’s capabilities and functions to the European Union. Since the end of the Cold War, WEU tasks and institutions have been transferred to the Common Security and Defence Policy which is being framed for the geographically larger and more comprehensive European Union. The scriptures said, They have one purpose and will give their power and authority to the beast.” That seems to be exactly what they might have done. At any rate, this process was completed in 2009, when a solidarity clause between the member states of the European Union which was similar (but not identical) to the WEU’s mutual defense clause, entered into force with the Treaty of Lisbon. The states party to the Modified Treaty of Brussels consequently decided to terminate that treaty on 31 March 2010, with all the remaining WEU’s activities to be ceased within 15 months. On 30 June 2011 the WEU was officially declared defunct. (map on right is the growth of the EU over the years.) - wikipedia
  • The scripture said that five had fallen. This could be the five countries considered to be the major world powers after World War II. They were the United States, Britain, the Soviet Union, China, and France. They were called in history “The Big Five”.
  • The seven heads are seven hills on which the woman sits on. This could be the G-7 that was born after World War II where it is now no longer known as “The Big Five”. It is now, however, known as the G-8 since Russia joined — wikipedia
  • The beast that was but is not that stems out of the seven could be the European Union.wikipedia
  • The “Great Harlot” and “prostitute” could be the United States of America who sat upon the original G-7.
The 10 horns are placed on this Empire — and is based upon Daniel 7:23-25. The 10 horns are 10 kings (Dan. 7:24) that would be in the future. Ten kings will give their power and national sovereignty to the revived Roman Empire. From among them, the Antichrist will appear. He will become the preeminent ruler among them.
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Now this would all explain why NATO went to the Middle East. This is because there are certain countries in the Middle East that simply serve as a threat to this new company called the New European Union.
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Don’t you get it? The age of the nuclear bomb is gone. It is now an economic war that collapses countries.
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Let them who have an ear — Let them hear:
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“The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked…”

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And I found out that Bob Dylan could be the greatest performer of the 60′s.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Your donation makes a difference in my life.

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