Map of HUD Defaulted Mortgages in South Central Los Angeles, California
(Map courtesy The Hamilton Securities Group)
“If you’re going through hell, keep going!” – Winston Churchill
By Catherine Austin Fitts
This week on the Solari Report, I join Jon Rappoport to discuss the story of Hamilton Securities Group.
I founded Hamilton Securities in 1990. The firm was initially very successful – known for innovation in the application of new technology to financial transactions. However, our helping the Federal Housing Administration realize 100+% improvement in defaulted mortgage recoveries was unpopular with private investors and developers accustomed to special treatment. Hamilton’s efforts stood in the way of the “financial coup d’etat” – of engineering a mortgage bubble using federal mortgage fraud, of “disappearing” billions from federal accounts, and of a new wave of gentrification which would include the development of private prison companies financed with federal contracts.
In 1996 I had dinner with a politically connected HUD developer. He told me that a decision had been made to move Hamilton and me out of position. He said, “Well, we tried to have you fired through the White House but that did not work. So now the big boys have gotten together and decided you are going to prison.” Having organized Hamilton to withstand such dirty tricks, I replied that the effort, if begun, would fail. I was too clean. He replied, “You don’t get it. The fix is in. There is nothing you can do.”
He was wrong. There was a great deal that I could do – and did. After 18 audits and investigations only turned up evidence of a great performance on behalf of taxpayers and communities, and numerous efforts to falsify evidence to support bogus allegations failed, Hamilton was successful in civil litigation against the U.S. government.
The process proved to me beyond a shadow of a doubt that we have no economic problems. Our problems are spiritual and political.
As the developed world contemplates trillions in unfunded liabilities and a growing mountain of debt, Jon and I invite you to explore what the story of Hamilton Securities says about the possibilities of rebuilding our power, our culture, and our wealth as we clean up the mess created by pumps and dumps and bubbles and bailouts.
It’s Jon’s show this week -so no Money & Markets or Let’s Go to the Movies. Do post your questions for us on the blog!
Jon has created a new special collection which includes a wealth of his material on imagination and personal power. He is calling it Exit the Matrix.
For more information on Jon Rappoport, No More Fake News.