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-Caveat Lector- ----- Original Message -----From: "Catherine Austin Fitts" <[EMAIL PROTECTED]>To: "Linda Minor" <[EMAIL PROTECTED]>Sent: Monday, February 16, 2004 7:06 AMSubject: Re: Fw: [cia-drugs] HUD to hold house auction onlineThe timing of their doing this is very interesting.
At the same time, still the same yah-yah. Destroy the file, sell the
property...much lower recovery rate. Allows all the high volume fraud to
go on.
On another note, it would be funny if this EDS-Lockheed fight so
scrambles the systems that it hickups the frauds....
On Mon, 2004-02-16 at 23:42, Linda Minor wrote:
>
> ----- Original Message -----
> From: Bob
> To: [EMAIL PROTECTED]
> Sent: Monday, February 16, 2004 11:50 PM
> Subject: Re: [cia-drugs] HUD to hold house auction online
>
> Linda Minor wrote:
> > Looks like Fitts' software which HUD stole will be used to
> > sell of some of HUD's portfolio of foreclosed homes.
> > Linda
> Her software made an open market in HUD loan resales.
>
> The network employed hundreds of mostly black inner
> city people who were previously unemployed.
>
> Using the network were other people empowered to
> make money trading in mortgages.
>
> The taxpayer got double what was raised by the former
> insider market, dominated by Harvard Endowment, which
> was Dyncorp, Capricorn, Pug Winokur. Dyncorp has
> another name now.
>
> What was at stake was a largely hereditary insider trading
> scandal masquerading as a market in problem loans, the
> info and opportunity both for trading and exposure of
> corruption, other dimensions of leverage enforcing a
> class system and a COINTELOP agenda not just against
> poor people but against the middle class and anyone else
> not a partner in Harvard Endowment, which is a for
> profit corporation like the British East India Company.
>
> These internet auctions would not necessarily change
> anything because they would not open up the HUD
> loan and resale information or market and because
> the old insider trading system could be maintained
> with respect to deliberately accepting unqualified
> applicants. This is a touchy aspect, since we believe
> in opportunity and empowerment, but there is room
> for manipulation of HUD loans and Section Eight
> certificates so that HUD loans go to applicants who
> will default and Section Eight certs only go to those
> who pay bribes, leaving others on the waiting list
> for more than five years until somebody notices,
> records are shredded, a few people fired, and the
> cycle restarts. The advantage of failing loans is
> that new fees are generated every time a new loan
> is made for the same property, and loans are
> guaranteed by the taxpayer. This can only go on
> with a closed database, and that is why Catherine
> Austin Fitts ran into so much trouble.
>
> -Bob
>
> > ----- Original Message -----
> > From: "Catherine Austin Fitts"
> > <[EMAIL PROTECTED]>
> > To: "Linda Minor" <[EMAIL PROTECTED]>; "Kelly Patricia
> > O'Meara" <[EMAIL PROTECTED]>
> > Sent: Sunday, February 15, 2004 4:39 PM
> > Subject: [Fwd: Google News Alert - HUD]
> >
> > http://www.fcw.com/fcw/articles/2004/0209/web-hud-02-11-04.asp
> > Monday, February 16, 2004
> > HUD to hold house auction online
> > BY Dibya Sarkar
> > Feb. 11, 2004
> >
> > The Department of Housing and Urban Development will
> > sell up to 4,000 homes in a two-day Internet auction
> > as a way to increase homeownership opportunities.
> >
> > Using the Internet to sell homes is not new, however
> > the department will publicize the auction in major
> > newspapers throughout the country for increased
> > exposure. Properties, which were acquired through
> > foreclosures, will be pulled from the marketplace
> > three weeks before the Feb. 27-28 auction. They will
> > be listed on the HUD Web site, allowing prospective
> > homebuyers to inspect houses and view neighborhoods
> > before submitting their bids.
> >
> > HUD's Web site will have instructions on how
> > interested homebuyers can find properties in their
> > states. More complete information on the properties
> > will available in that state. All properties will be
> > sold on an as is basis without warranty or
> > guarantee.
> >
> > The auction begins Feb. 27 at 10 a.m. EST and ends
> > Feb. 28 at 11:59 p.m. Bid results will be announced
> > Feb. 29 on the Web sites where the properties were
> > listed.
> >
> >
> >
> >
> > Please let us stay on topic and be civil.-Home Page-
> > www.cia-drugs.org
> > OM
> >
> >
> >
>
>
>
> Please let us stay on topic and be civil.-Home Page-
> www.cia-drugs.org
> OM
>
>
>
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Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org
OM
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