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RISMEDIA, April 27, 2010—The news of the past week has finally put an answer to the question of why banks would foreclose needlessly, unlawfully, and with sheer malice when that would appear to be bad business. And, the answer is what I have been saying all along…because it is insanely profitable.

Goldman Sachs couldn’t stay out of the limelight. First, came the SEC fraud charges, then two investor lawsuits, and then finally, the real truth became apparent in emails from the Goldman Sachs investigation. “Sounds like we will make some serious money.”

But, let’s not let that distract us from their use of predatory loans and predatory servicing fraud as the means by which to trigger the defaults.

You didn’t design your own loan—they did. And, if the payoff is failure, the loan would naturally be designed not to succeed, but to default. Isn’t that alone evidence of predatory lending? And, that leads to predatory servicing. If the borrower isn’t forced into default, why stop there; why not give them a little nudge?

Think of them as reverse strategic defaults. In the topsy-turvy world of phony finance, up is down, good is bad, and failure is success. Who has the most to gain by causing mortgage defaults? The holders of the credit default swaps.

Your foreclosure, or how it came about, is of no concern to them. You are but an obstacle to a payday. The lure of credit default swaps actually makes a strong case that the inherent conflict of interest is behind reverse strategic defaults.

More people should strategically default so they can let up on those who have honored their obligation, despite the underlying fraud.

And that is why bankstas love the Home Affordable Modification Program or HAMP.

Most reports claim that HAMP is a fifty-billion dollar flop. But, that’s only a matter of perspective. From Wall Street’s perspective, this is the system working at its very best.

HAMP is the perfect vehicle to draw in unsuspecting homeowners and begin the process of stealing their homes. Disguised as a government assistance plan, it was really created to pacify borrowers while moving them into default and ultimately foreclosure.

The program couldn’t be more detrimental to homeowners if it had been designed by the bankstas themselves. Wait….you