Why Banks Can Afford The Law, But You Can Not

By Author: Nick Adama
Total Articles: 197
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Banks love lawyers. In fact, they love them so much that, after lawyers themselves, the financial industry ranks highest in the amount of contributions made to political campaigns. This ensures that the lawyers the bank purchases through campaign contributions will work hard to keep the banks in business, allow them to operate with impunity, and bail them out in case disaster strikes.

At the federal, state, and local levels, banks and lawyers work together to create laws and enforce them upon the rest of the country, state, or community to enrich themselves, impoverish others, and keep their various frauds going as long as possible. Manipulating interest rates, engaging in fraudulent lending transactions, creating money out of thin air, and keeping borrowers from adequate legal representation are just a few of these deceptions.

Banks hire their lawyers and install them in legislatures at every level of government in order to control the "secret" language of contracts and property rights among the people. Local courts, which are made up of judges picked by lawyers who themselves were picked and funded by the banks, ...
... then typically interpret every law and contract in the banks' interests and avoid looking behind the curtain of fractional reserves and where banks actually get the money that they loan out.

As well, many lawyers, being so close to the other lawyers in state legislatures, pledge an oath to the state itself to become lawyers in the first place. By spending the requisite time taking state-approved university law courses and pledging loyalty to the state, they are then able to help private citizens defend their rights in state courts against bad laws written by more state lawyers.

In the end, laws are nothing more than opinions backed by guns, written by lawyers in confusing language specifically to keep the average person from understanding them. Typically, the government is seen as the chief lawmaker, issuing opinions, enforcing them by coercion, and imprisoning or killing people who do not comply with them. Government as an institution claims this monopoly over the use of force.

But with the current economic crisis, the real operators of the government's monopoly on obedience through force have been revealed as the banking industry. The banks bought their lawyers, installed them in legislatures, had laws and policies and regulations written in their favor, and then took full advantage of these opportunities to ruin the housing market.

As soon as the financial institutions began experiencing losses due to the bad loans they had made to homeowners, they essentially took the government hostage and demanded hundreds of billions of dollars as protection money for "systemic risk." Financial industry representatives at the Federal Reserve and Treasury Department were sent to Congress by the banks to blackmail them into various thefts of taxpayer money.

The lawyers in Congress, not wanting to let go of their second-largest campaign contributors, agreed to hand over hundreds of billions of dollars to the banks directly, and have allowed the Federal Reserve (not controlled by Congress at all) to fund several trillion dollars more of new programs designed to bail out the financial system. The American people have been sacrificed for the state lawyers and state bankers.

And the sacrifices continue. Every month that goes on with banks receiving more money and the government continuing to grow, unemployment will stay high and keep going up. Not having a job is the price people have to pay to keep the banks in charge of the government and the state lawyers retaining any legitimacy whatsoever. But the banks love the lawyers who they purchase to enforce their opinions and frauds through force, and the state lawyers love the ill-gotten gains the banks funnel back to them through campaign contributions.

This is the reason why homeowners facing foreclosure may either want to find someone with knowledge of the law but who is not owned by the banks, or simply do the work of saving their homes on their own. But simply hoping that the state courts will provide justice is a mistake. Too often, the "little guy" is forgotten about while the banks, state lawyers, and state judges determine how best to carve up the fraudulently stolen property.
Nick writes for the ForeclosureFish website and blog, which educate homeowners on how they can avoid foreclosure and beat the bank. The site describes nearly a dozen ways to prevent losing a home, including deed in lieu, loan modification, defending foreclosure in court, and more. Visit the site today to get a free e-book explaining the basics of foreclosure and learn how to fight back against foreclosure: http://www.foreclosurefish.com/