THE NUMBER OF MORTGAGES vs.PROPERTIES

I'm glad that several of you asked about my comment. It shows you're paying attention. I'm not sure how much help I can be for reasons out of my control.

I started receiving the warnings about the number of mortgages from Catherine Austin Fitts -- former Assistant Secretary of Housing -- in late 2004 or early 2005. That was followed by several key stories which had that choice morsel buried (as usual) in later paragraphs. Unfortunately, when FTW's computers were smashed on June 25, 2006 I lost the ability to locate those stories. As we reloaded new computers with all of my research from backups, the new IT tech changed all the dates on all of my 20,000+ stories to July 10, 2006 and the file names were changed in many cases. File trees were rearranged and my ability to search was really impaired. I just entered "mortgages" in my search engine and came up with more than 300 archived stories. I just can't go back and read through them all. In all I have perhaps 4,000 separate research files totalling 4 Gigs.

However, throughout 2005-6, I cited these alarming discrepancies in all of my lectures and I believe it's in my video "Denial Stops Here"compiled from my 2004 through late 2005 public appearances. I used Powerpoint slides and probably there's a slide in there with one of the stories supporting this.

I no longer communicate with Fitts in any way. The reasons are between her and me. Yet I have never had reason to doubt what she told me on this subject and there were substantiating stories. It was clear that the same addresses were being used on multiple mortgages and that fictitious properties had also been created to blend in and pump the value of bundled mortgage-backed securities. This pattern first appeared way back in the S&L crisis in the last years of Bush I. The RTC (Resolution Trust Corporation) was used to destroy or hide evidence and I would say "literally" complete and finalize the looting that happened then. The S&L crisis was, I believe, a trial run for what's happened this year. With time I am more and more convinced that the Bushes et al have known that Peak Oil was coming for a long time and have planned to loot wealth, keeping it out of the hands of those who could/would use it constructively. Note that both economic crises happened at the very end of Bush regimes. It has been the"cashing-out" process for their "base".

MCR