"They screwed up their own system so badly they need to forge documents to do foreclosures. Anyone who believes that their recent reviews of their documents will change anything should shop for beachfront land in Arizona.
"If every American family would withhold their mortgage payments, and save that money in a bank other than where they have their mortgage, we could get the banks back to come clean, or else get rid of them forever. Specifically, we must withhold payments until every bank does the following:
"First, issue a statement showing their total mortgage activity since 2006, and a summary of all the derivatives they speculated in, all the collateralized debt obligations and credit default swaps.
"Second, every homeowner must be informed of what the bank did with their mortgage, including packaging it, slicing and dicing it into so-called securities--and exactly how many derivative bets the bank made on that very mortgage. We'll see how much the banks stand to collect--and from whom-- when you don't pay the mortgage.
"Third, every homeowner must be informed exactly where their original mortgage note is, who owns it now, and how they can see it if they wish to.
"Fourth, the bank must negotiate in good faith to reduce the principle balance according to the new market reality, which was brought about by the banks in the first place.
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