B of A Parallel Foreclosure CONFESSION

Sunday, November 7, 2010

Barack Obama and his apparent violation of the Federal Hobbs Act, the Extortion Clause, here is the official document from the department of Justice.

CLICK HERE TO GO TO DEPARTMENT OF JUSTICE FEDERAL HOBBS ACT.

It's really amazing to see how HAMP, Parallel Foreclosure, and 2403 Hobbs Act-Extortion By Force, Violence, or Fear, APPLIES to the Barack Obama administration's tacit luring of homeowners into the HAMP program, resulting in the loss of their homes!

Parallel Foreclosure Stories are pouring in from around the country, yet reporter after reporter is unaware of the term parallel foreclosure! Parallel Foreclosure is the key.
If the Barack Obama administration, (and maybe the George Bush administration prior), requires that americans MUST ALLOW PARALLEL FORECLOSURE TO OCCUR BEFORE THEY CAN EVEN APPLY FOR HAMP, then Barack Obama is using taxpayer funds to EXTORT HOMES from people under the color of right.
If the Banks are doing it without the administrations permission, then why does Barack Obama keep taking credit for HAMP, even as late as Oct. 27, 2010?

I realize now I will probably have to post this message hundreds of times before it slowly creeps into the american psyche via the media. And I believe I am not "spamming" a false message. I truly believe that Barack Obama is doing something so unethical that the Federal Hobbs Act identifies his behavior as being a violation.

If you were Barack Obama, would you continue to believe that the loss of a million homes to parallel foreclosure, initiated when a homeowner wanted to apply for HAMP, was an ethical act? If you were Barack Obama, would you be fearful that at some point there could be a groundswell of support for impeachment as the home foreclosure numbers of HAMP lured victims continues to grow into the millions?

What option is Barack Obama left with other than to pretend he hasn't violated the Federal Hobbs Act? Does Barack Obama have an option to bring up the issue of the Federal Hobbs Act violation first, before the media does, and somehow beg for forgiveness by explaining that George Bush Jr. did it too?

If rule of law actually works in the United States, at the very least, Barack Obama MUST address Parallel Foreclosure, HAMP, and the Federal Hobbs Act - the extortion clause. And if not, then at some point, reporters MUST bring it up to his administration, no?

2 comments:

  1. This is one of these many false silly rumors.

    The HAMP program does not require anyone be late. You just have to show in "imminent risk" for default.

    The parallel foreclosures are the banks idea that they can get away with as upset Dem's were so against in 2009 congressional hearings. How silly and ignorant to blame it on Obama.

    Obama and Treasury did a huge effort in 2009 to get the banks to do HAMP modifications. They sent in the swat teams to the servicers, the required monthly progress reports tying to shame banks doing poorly (they all are) and the meeting at the White House afterwards the bankers at press conference saying how they would do better with HAMP.

    The 4 Congressional Oversight hearings with the D's so upset and citing so many abuses of the banks and demanding the banks follow the HAMP directives.

    But banks make far more money on foreclosures than modifications and do all they can to deny including lies, losing paperwork sent in 10 times etc.

    And the Republican spin is HAMP is a waste since the banks are doing so many inhouse modifications (with higher default rates since higher payments and too few).

    The problem is there is no way to enforce the HAMP directives since they were forced on banks as part of TARP. HAMP needs to be a law but of course the party of no blocks anything that doesn't enrich the banks, Wall STreet, and the most wealthy and the Dems can do nothing because they can't get 60 votes to unless they get 1 or 2 R's to come over.

    Lets put blame where it belongs not more silly foolish lies the Tea party and Republicans are so known for.

    ReplyDelete
  2. Dave, I have read over and over and over that a homeowner MUST BE 3 to 4 months late JUST TO BE ELIGIBLE TO APPLY for HAMP.

    Glad to see that someone who is associated with Barack Obama or cares about him bothered to respond, but you are either ill informed or lying.

    I've read far too many accounts and they ALL SAY THE SAME THING, get behind to be eligible for HAMP.

    To see a post backtracking on what has already happened to hundreds of thousands of homeowners is either desperate or condescending, but typical of what the current administration will do to try and deflect responsibility from themselves.

    If you are not affiliated with the administration, than you just prove what I have been saying, people cannot believe that their own government would force them to be late on payments before they can be eligible to apply for HAMP.

    ReplyDelete

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