THE EPIC SPITE AND VICIOUS RETRIBUTION THE BANKS INFLICT ON PEOPLE

WHOLE COMMUNITIES AND CITY NEIGHBOURHOODS UTTERLY DESTROYED BY VICIOUSLY PREDATORY BANKS. FAMILIES REDUCED TO LIVING UNDER PLASTIC SHEETING JUST LIKE THEY WERE IN A THIRD WORLD NATURAL DISASTER ZONE. BUT THIS IS AMERICA, AND THIS IS WHAT THE BANKS DELIBERATELY CREATED AS THEY TURNED PROSPERITY INTO OCEANS OF HUMAN MISERY AND MIND NUMBING POVERTY.

ALL THIS COMING TO A UK NEIGHBOURHOOD NEAR YOU SOON.

If you want to learn just how devastating the incredibly immoral, unprincipled, greedy banks and their sub-prime mortgage lending subsidiaries are, take a look at this very interesting documentary about the terrible consequences of the wicked sub-prime mortgage lenders in the Unites States of America here on Teachers’s TV.

It shows just how much personal grief and devastation the banks have caused ordinary people who were duped into their dishonest predatory mortgages. You can see the reality of houses in their tens of thousands being deliberately destroyed by the banks who repossess them, only to leave them empty while vandals and looters strip them of everything saleable – rapidly making the houses entirely worthless to anyone.

The houses are left in a state where demolition is the only option. Whole city neighbourhoods, previously prosperous and thriving, are wrecked by these unprincipled thieves who would rather cut off their noses to spite their faces as they evict homeowners in their vicious quest for retribution when people fall behind with mortgage payments as illness, divorce and unemployment disrupt families.

The banks would rather make families homeless and ruin lives as well as destroy the house the family was evicted from, deliberately making the house worth nothing to either the banks, or the family evicted from it.

It is sheer bloody minded, evil spite by the banks. It is exactly like Shylock insisting on taking his pound of flesh from nearest the heart, thus ensuring certain death, rather than taking his pound of flesh from elsewhere where it would cause less damage.

It is pure, unadulterated , nasty minded spite by the banks and their subsidiary mortgage lenders owned by them.

Everyone should watch this and learn how evil the banks have become. And everyone who has any understanding of how much damage the banks and their predatory, manipulative and corrupt practices have caused hundreds of millions of people around the Globe, should keep any contact with any bank to an absolute minimum and do everything they can to remove the stranglehold the banks have over the entire Global economy.

If you care take about the horrendous damage and the epic theft the banks are engaged in take every possible opportunity to not use any banking service at all if you can possibly avoid it.

Kensington Mortgages Fine (You said it…)

It appears that rip-off mortgage lenders ( thieves really) Kensington, have been fined by the Financial Services Authority for unfair treatment of homeowners foolish enough to be duped into taking out a mortgage with them.

April 12, 2010 From capstonewatch – the blog about the dishonest, immoral and almost certainly criminal mortgage administration company overseeing Lehman Bros sub-prime mortgages.

Capstone routinely evict homeowners for the flimsiest reasons, and generally behave with pathological nastiness to all the mortgage holders in their usurious, Shylock like grip.

Sub-Prime lender Kensington has been found by the Financial Services Authority to be acting unfairly (possibly criminally) towards its mortgage victims which it habitually fleeces of every last penny they own by means of weasil ‘contracts’ cunningly contrived to steal homeowners money and then throw them out on the street – homeless and dis-possessed thanks to the thieves masquerading as banks.

You know, that lot; Lloyds, Lehman Bros, HSBC, Santander, Barclays, Royal Bank of Scotland, and all the seething web of subsidiary financial businesses owned by this cosy little cartel of wickedly manipulative, greedy, immoral , money obsessed financial control freaks holding every man, woman and child in the country to ransom until they are all squeezed dry of every ill-gotten penny the banks can deprive them of.

Bastards and thieves; all of them. Their behaviour is destructive and completely unforgivable.

Capstone is a notorious mortgage administrator, a subsidiary of Lehmans Bros, very busy repossessing as many homeowners as possible who were conned into Lehman Bros sub-prime mortgages in the UK. There’s big money to be made out of repossessing homeowners because financial speculators such as ‘Hedge Funds’ snatch up as many re-possessed houses as they can lay their hands on for much, much less than they are really worth.

This means the properties can be immediately sold off at an immense profit – all at the expense of the hapless homeowner who has been forced out of his home, often to be completely homeless and have his entire life wrecked by these heartless, nasty, greedy grubby little gang of thieves.

This is what capstonewatch – the blog said.

“As part of the press release it is normal for Margaret Cole (Enforcement) of the Financial Services Authority to give a little speech.

“I’m obviously being unrealistic to expect that they mean any of it when it comes to the outrageous consumer abuses perpetrated by the appalling CAPSTONE MORTGAGE SERVICES, but where there’s life there’s hope.

“Here’s what she had to say this time:

‘This case should serve as a strong reminder to firms dealing with retail customers, especially customers in a vulnerable position such as those with mortgage arrears, that the FSA will take robust action where it sees that customers are not treated fairly. Retail firms which fail in their obligations to customers should expect not only a substantial fine but also that they will have to pay back customers who have been disadvantaged.’

“Seems pretty clear to me…..

This is the press release from the Financial Services authority.

FSA/PN/065/2010
12 April 2010

The Financial Services Authority (FSA) has today announced it has fined Kensington Mortgage Company Limited (Kensington) £1.225 million for poor treatment of some customers facing mortgage arrears.

The firm has agreed to redress customers who were in arrears and charged specific unfair and/or excessive charges. It is estimated that the redress will cost the firm up to £1.066 million.

The FSA has identified a number of serious failings by Kensington which occurred between 1 January 2007 and 31 October 2008 in relation to its mortgage arrears handling processes and in its dealings with customers in arrears.

These include:

Failing to ensure mortgage servicing staff acting on its behalf had adequate understanding of treating mortgage arrears customers fairly;

Concentrating on the repayment of mortgage arrears over a short period of time rather than agreeing an arrangement to pay the arrears based on the customer’s individual circumstances;

Applying three charges to customers’ accounts that were unfair and/or excessive. These were:

– A fee for a returned direct debit which was charged regardless of how many times the direct debit had already been returned unpaid;

– An excessive fee for cancelled direct debits which did not reflect administrative costs;

– An early repayment charge on mortgage balances which included arrears fees and charges within that balance.

The firm also failed to take reasonable care to organise and control its affairs responsibly and effectively, and to ensure adequate risk management systems. Its management information focused on the performance of the firm’s mortgage book and the profitability of the business, rather than on treating customers fairly.

Kensington qualified for a 30% discount under the FSA’s settlement discount scheme. Without the discount the fine would have been £1.75 million. The FSA has also taken into account that Kensington has made significant improvements to its arrears and repossession processes since the early part of 2008.

Margaret Cole, director of enforcement and financial crime, said:

“This case should serve as a strong reminder to firms dealing with retail customers, especially customers in a vulnerable position such as those with mortgage arrears, that the FSA will take robust action where it sees that customers are not treated fairly. Retail firms which fail in their obligations to customers should expect not only a substantial fine but also that they will have to pay back customers who have been disadvantaged.”

BIRMINGHAM MIDSHIRES AND GREEDY MORTGAGE LENDING

 

CROOKS, CONFIDENCE TRICKSTERS & THIEVES – THAT’LL BE THE BANKS THEN !

JUST EVERYDAY, ORDINARY BANKS GOING ABOUT THEIR LEGITIMATE BUSINESS ? I DON’T THINK SO

I find it ludicrous that despite it becoming more and more widely known the mortgage market is riddled with criminality, that no legal action is being taken which should protect the unfortunate people losing their homes as a result of what is simply criminal fraud on behalf of banks.

I have been systematically ‘milked’ of the entire equity on my house now worth about £800 000. I was deliberately ‘pushed’ by the original high street lender from a mortgage of only £100 000 on that house into sub-prime mortgage after sub-prime mortgage – churned is the word used by that filthy industry – and now I am about to be made homeless by these bastards, now owning nothing.

In other words, I have lost £700 000. It has been stolen from me by systematic fraud on behalf of the banks.

It isn’t just about one particular mortgage, or just one broker or just one bank. people don’t seem to have grasped the fact that there is just a handful of banks who have a cosy monopoly over the entire mortgage lending market.

These evil, corrupt banks have, collectively, devised a cunning system of mortgage lending, using the Council of Mortgage Lenders, the Financial Services Authority and other weasily pseudo legalities – including ‘credit rating’ and contract law – to knowingly fleece mortgage borrowers with dishonest, misrepresented lending.

You only have to compare it with the ‘old fashioned’ type of building society lending to see the difference. It is the same house and the same idea of borrowing money to buy a house, but instead of an honest loan from a building society to a borrower trying to buy a house, the loans have become mortgage ‘products’ or ‘packages’ which are carefully designed to fleece borrowers and at the same time inflate the overall property market to enable the banks to lend ever larger sums of money on ballooning property prices.

Without the huge value of lending in the property market, the banks would be deprived of a gigantic source of potential lending and therefore profit.

So, in a nutshell, the banks, behaving rather like the Mafia, saw there was tons of money to be made in property lending, and they muscled in on it by destroying the old fashioned building societies that had originally been the honest, moral, reasonable, helpful lenders in the housing market.

This has become so blatantly dishonest and destructive that it has now damaged the whole World Economy.

The banks are nothing more than crooks and confidence tricksters who have found a way to misuse and abuse law and regulation to steal money from other people on a breathtaking scale.

It is time the authorities – Parliament, the FSA and so on, to take legal and regulatory action against these out of control thieving banks. They need to make an instant start by preventing mortgage lenders from causing further damage by repossessing homeowners who should never have been put in that position in the first place by these nasty, dishonest loan sharks.

PROOF BRITAIN IS BECOMING A NASTY POLICE STATE RIGHT NOW

Is the UK gradually becoming a real Totalitarian State like Stalin’s Russia, Mao Tse Tung’s lunatic Chinese State and Hitler’s Germany; where in all of these examples everyone was required to think exactly the same way as everyone else accordingly to the diktats of the State, which extended it’s malevolent tentacles into every aspect of daily life ?

And if all Citizens didn’t do exactly what the State told them to do arbitrary arrests were made, followed by imprisonment or even execution for even completely trivial issues according to the whims of whichever Dictator !

Decide for yourself.

An item on the BBC news this morning said that Independent Newspaper photo-journalist Jerome Taylor was taking pictures of Parliament in London, when he was accosted by a policeman demanding to know who he was and what he was doing. The policeman demanded identification details according to powers given the State under recent new anti terror legislation after terrorist bombings in London. All this would now remain on a database for future police use .

In the same news item and even more shocking infringement of personal liberty was cited.

Another photographer was taking photographs of a fish and chip shop in Chatham high street, Kent. Two bossily officious council officials stridently demanded why the photographer was taking photographs in the high street and demanded his proof of identification details etc to note down, quoting anti terrorism regulations.

Quite rightly this photographer told the mindlessly intrusive dimwits to go away and mind their own business, whereupon these unpleasant pair of officials called the police for ‘backup’.

When the police arrived the photographer took a photo of the policemen and said he was just an ordinary citizen going about his lawful daily business, which he had a perfect right to do without explaining and justifying his every trivial move to officious busybody council employees or the police with inflated egos and idiotic fantasies of State control freakery. He might have added, would they please just go away and leave him alone !

This man was promptly arrested by these pompous, ill-informed policemen.

I hope the photographer sues the police for wrongful arrest.

It was a disgusting mis-use of highly dubious legislation by an incompetent Labour Government, headed by a dour and cheerless idiot obsessed with telling every man, woman, and child in the country what to do and think precisely as he would wish them to, on a daily basis on pain of instant State interference and even penalty if anyone didn’t do exactly what they were told by the State at all times.

Chief Constable of British Transport Police, Andy Trotter said on the BBC radio four Today programme that he didn’t think this was appropriate use of the police ‘stop and account’ powers – that weasily new legislation Gormless Gordon dreamed up to allow the Government to arbitrarily interfere with anyone at the drop of a hat.

IN OTHER NEWS- THE BLATANT GREED OF BANKS

The other big news item today is how this Gormless Gordon Brown is toadying up to the greedy bankers and positively encouraging them to grab huge amounts of taxpayer’s cash from everyone else’s pockets, so the bankers can take billions of pounds of our taxes home in their selfish, fraudulent and dishonest pockets this Christmas.

Meanwhile the rest of this nation scrimp and save to make ends meet as mass unemployment, recession and poverty hits millions of these hard pressed taxpayers as their faces are ground into the dust by this violently oppressive and poisonous Government.

Of course all this increased unemployment, poverty and Global financial crisis was entirely caused by the banks’ fraud, deceit, and dishonesty of various kinds which even extended to blatant criminality.

Every single family in this country has had to fork out from £5 000 to £40 000 to bail out the banks, according to various different estimates across the news bulletins today.

But the bankers, particular the Directors on the Board of RBS Bank, are shrieking that they are entitled to tens of millions of pounds of bonuses, and if anyone stops them they will all resign in a huff, according to news reports.

But we all gave this nasty little RBS bank billions of pounds of our taxes – thousands of pounds from each family in the country – to help it survive and stop it going completely bust when it’s incompetent and dishonest behaviour threatened to destroy the entire monetary system as well as itself.

So now, these thieving, grotesquely fat, self centred, blinkered, greedy twits are demanding the right to pocket some of this taxpayers money as what they laughingly describe as “bonuses”. Bonuses for what ? Bringing the entire Global economy to the brink of collapse and inflicting mass poverty on millions of people worldwide ?

Are the banks completely raving mad ?

It doesn’t seem to have dawned on them that all that money they are proposing to embezzle belongs to us taxpayers and not their bank and certainly not to them.

Their bank was broke, bust, bankrupt for Christ’s sakes, and we taxpayers baled the bastards out with our money. They now owe us that money and until it is paid back there is not one single penny of spare cash within the entire RBS bank which is legitimately available for any ‘bonus’ to any of the bank’s bloated, overpaid, incompetent employees.

As Vince Cable and many others have said the idiot bankers still just ‘don’t get it’.

The bankers are truly disgusting, offensive people.

This nonsense must be stopped – now.

THE GREED AND DISHONESTY OF BANKS – FACT OR FICTION ?

JUDGE FOR YOURSELF

Dear Mr Ian Cowie< & all the other people clearly possessing only a very small number of brain cells.

Using perjorative language like banks are not a branch of social services, or are not there to distribute free money (sic) or customers helping themselves to banks' money without asking, is remarkably childish and certainly quite silly and entirely misleading.

Any customer with a current account is actually lending the bank his own money. The bank does not usually pay any interest for this. And without this customer money the bank surreptitiously borrows, the bank in its basic form simply couldn't exist.

Why ? because the customer deposit allows the bank to lend other customers anything from ten to forty times as much money as that deposited in current accounts. The depositor enables the bank to manufacture it's own money from which to profit.

For every £100 deposit in a current account perhaps forty times that sum is lent at the bank's usual exhorbitant interest rates.

At 15% 40 times £100 is £600 interest earned by the bank. This more than covers the miniscule costs of customers depositing and taking out their own money.

Bank customers offer a privilege to the banks, which the banks systemically grossly abuse.

Current accounts were, for decades, at either no cost or very little cost to the account holder. They were 'fair' and nobody objected.

But then the banks became greedy. They contrived to brainwash the entire population into believing the banks' falsely contrived fiction of what banking is.

This was done deliberately to enable the banks to vastly increase charges for every transaction that money became involved in.

In tandem with this, the banks gained complete control of just about every possible kind of money transaction which now had to go through them because everyone was remorselessly brainwashed into believing it was a bad idea to to use cash.

Soon millions of people who used to be paid in cash and never needed to use banks for every petty expenditure, were forced to pay fees of all sorts and then positively milked until the pips squeaked with completely fictitious charges.

Previously banks would simply charge a not too unreasonable interest charge on 'unauthorised' overdrafts which made them a nice little extra profit. It was the bank's job to know their customers and be able to trust them to repay their overdrafts – which they invariably did.

The banks have deliberately set about to construct an aggressive and punitive charging system based on nothing but their own greed and 'creative' accounting to falsely mis-represent financial transactions of every sort with excuses to make every higher charges for imaginary 'services'.

Banks are greedy liars and thieves. They perform no useful social function at all, but are rather socially destructive and downright nasty today in a way they never used to be before the modern age of dishonesty and greed.

FROM 35th STREET TO WALL STREET – ANATOMY OF A FORECLOSURE

THE FORECLOSURE CRISIS

From 35th Street to Wall Street: Anatomy of a foreclosure
by Dan Olson, Minnesota Public Radio,
Sasha Aslanian, Minnesota Public Radio
May 5, 2008

Tomorrow, a Minneapolis woman is scheduled to lose her home. The bank says it’s foreclosing on Faith Burns because she’s fallen behind on her monthly payments. Burns says that’s not so.

The fallout from the mortgage meltdown is vast. One-fourth of this country’s home mortgages are risky subprime loans. About one-fifth of the subprime borrowers are having problems making payments.

In Minneapolis last year, there were 2,895 foreclosures. Already this year, that number stands at 678. We wanted to understand the meltdown through a smaller lens, so we traced the path of Faith Burns’ mortgage. It leads all the way to Wall Street.