Road Trip | Clergy, Religious Leaders Call Out AG Bondi for Siding with Wall Street, Opposing Strong Foreclosure Fraud Settlement

On Thursday, May 26, over 50 clergy, faith leaders, and homeowners from 6 counties across Florida will travel to Tallahassee to hold a prayer vigil outside of Attorney General Pam Bondi’s office to urge her to stop siding with the Wall Street banks and drop her opposition to a strong settlement to the foreclosure fraud scandal that includes loan modifications and principal reduction for Florida homeowners.

The faith leaders from PICO United Florida are part of a national effort of homeowners, clergy, workers and community leaders pressing for a strong settlement against the nation’s largest mortgage servicers for fraudulent foreclosure practices (www.CrimeShouldntPay.com, www.NewBottomLine.com).  They will set up a fake “moral hazard zone” around Attorney General Bondi’s office to respond to her comments that reducing mortgage balances for homeowners would create “moral hazard.”  Thursday’s action comes after months of AG Bondi refusing to meet with them.

WHAT:  Prayer vigil at Attorney General Bondi’s office to demand that the AG drop opposition to foreclosure fraud settlement

WHO:  50+ clergy, homeowners, faith leaders from six Florida counties

WHEN:  Thursday, May 26 at 11:00 a.m.

WHERE:  Capitol Courtyard, 142 E. Monroe St., Tallahassee

VISUALS:  Clergy in attire, fake “moral hazard zone” with homeowners in orange vests, signs that say “Caution: Moral Hazard Zone Ahead” (see below) and “AG Bondi: Stand with Florida Homeowners”, traffic cones, etc.

BACKGROUND:

In late March, Florida Attorney General Pam Bondi, together with the state Attorneys General from Virginia, Texas and South Carolina, sent a letter to Attorney General Tom Miller of Iowa, the lead AG in the 50-state probe of banks’ fraudulent foreclosure practices, stating their opposition to certain terms of a proposed settlement.  In the letter, they objected to “new documentation requirements and principal reduction,” arguing that reducing the amount that an underwater homeowner owes on their mortgage could foster “moral hazard.”  Read the letter at http://bit.ly/gcsZK8.

PICO United Florida faith leaders believe that the real moral hazard at stake is continuing to make responsible Florida homeowners bear the full brunt of the cost of a housing bubble and bust that was fueled by big Wall Street banks. Attorney General Bondi is at risk of encouraging “moral hazard” – rewarding and encouraging future bad behavior – by proposing that the big banks continue to not have to share in the cost of cleaning up a housing mess that they helped create and from which they made record profits.

###

This action is part of The New Bottom Line, a campaign fueled by a coalition of community organizations, congregations, labor unions, and individuals working together to build a movement that challenges established big bank interests on behalf of struggling and middle-class communities.  Together, we are working to restructure Wall Street to help American families build wealth, close the country’s growing income inequality gap and advance a vision for how our economy can better serve the many rather than the few.  The New Bottom Line campaign includes PICO National Network, National People’s Action (NPA), Alliance for a Just Society, Alliance of Californians for Community Empowerment (ACCE), and Industrial Areas Foundation of the Southeast (IAF-SE) and dozens of state and local organizations from around the country.

~

4closureFraud.org

~

Letter to Miller 3-22-11 From FL TX SC VA Ags

[scribd id=56183610 key=key-1vczyoe8qi19568o7q7a mode=list]

Comments
21 Responses to “Road Trip | Clergy, Religious Leaders Call Out AG Bondi for Siding with Wall Street, Opposing Strong Foreclosure Fraud Settlement”
  1. mike Drouin says:

    What this excuse for an Attorney General fails to see , is you have double dipping fraud at play here . The Banksters are playing the Investor against the Borrower . There is two contracts at work here and both Homeowner and Investor are blinded by FRAUDULENT CONSEALMENT . the Homeowner is lead to believe they are in a Residential Mortgage Contract on paper but it’s a Securitized Mortgage in its mechanics and the Investor is lied to thinking the assets back up the certificates he purchased , but they have no recourse to that collateral neither do the Investment banks involved who are holding all the entitlement certificates . That’s why it takes all the Fraud to cover the big lie . This is called THE INTENTIONAL TORT OF CONVERSION and is illegal as hell violating Federal Law , State Law , and contract Law . All Homeowners have a right to RESCIND their Mortgage Contracts !!! Pam Bondi need to be fired !!!!!

  2. John Anderson says:

    I viewed the four horsemen, the pale one had the smell of death about her.
    My e-mail to this bank owned scank/gullyslut hell bound whore.

    Dear Pam Bondi,
    I am upset by your lighthanded approach to the fraud that banks and foreclosure law firms have so far gotten away with in this state.
    As the chief law enforcement officer in Florida, and a member of the Florida Bar, your duty is clear. To do anything less than full prosecution on those who would, fabricate, and use fraudulent documents in court proceedings is a violation of your oath as a officer of the court, and Attorney General of the state of Florida.
    We are in troubled times, and the public needs to know that the law applies to all, great and small. If rule of law, is perceived as rule of the rich, then civil unrest and revolution will be the result.
    Do you think Judge Judy would rule in favor of a plaintiff or defendant who produced a fraudulent document to win their case? NO! because it would violate the”CLEAN HANDS DOCTRINE” that no relief shall be granted to a party who engages in unlawful activity.
    I ask that you do your duty.

    These people forget that they work for all the people, not just the people who own the banks.

  3. maia says:

    Bondi should be recalled, then she can wonder how to pay her bills with no income–

  4. Catherine Mc Manus says:

    Gratitude & Blessings to all these Orgs. and hard workers that are standing up for our rights.
    May God speed you all & send multitudes of people to draw more attention to the FAILURE OF AG PAM BONDI.
    People we all need to continue our phone calls, emails, spreading the truth to those that do not understand that Banks, Servicers, Finance & Mortgage Industry have committed FRAUD and continue to use Fraud to manipulate Officials & our Justice System.
    THANK YOU

  5. Henri Jordan says:

    Behold, here I am: witness against me before the Lord, and before his anointed whose ox have taken? Or whose ass have I taken? Or whom have I defrauded? Whom have I oppressed? or of whose have I received any bribe to blind mine eyes therewith? And I will restore it you. I Samuel 12:3
    I was in a training meeting and a governmental official informed me if a Business contract to pay me a salary he said this contract can be changed. The reason for attempting to work part time or work at home jobs because Jesus said if I work a full time job some souls will be missed that desire salvation.
    The foreclosure caused me to write a Business Plan that has been certified by the Copyright Office for the Homeless. Each time I asked to obtain the income generated from the Business Plans people robed from me and used the income for their agenda. Therefore, I sought the assistance of Attorneys then they attempted to overcharge me for their services.

  6. Jason Werner says:

    The wrath and judgment of God (Jesus Christ) is on all those AGs.

  7. Dan says:

    I dont no why she wouldnt want to help them. She acts like its their fault. It not their fault, they trusted the banks like did for years and then they were signed up for bogus loans or their income was altered!!!!

  8. Fury says:

    in Poland, the catholic church supported the People in battling communism.
    they aided the Solidarity Movement in causing the russian communists to leave Poland which in turn helped to cause the fall of the Berlin wall in germany.

    i am happy to see our religious leaders helping defrauded homeowners.

    i have never prayed so hard in my life!
    we need God’s help in battling these wicked bank and wall street scammers.

    so far, only 2 AGs have stepped up to the plate:
    NY- eric schneiderman
    CA- kamala harris

    • FURY…WEBSTER’S NEW WORLD DICTIONARY….POLITICIAN : ACTIVELY ENGAGED IN POLITICS, OFTEN — USED WITH IMPLICATIONS OF SEEKING PERSONAL OR PARTISAN GAIN, SCHEMING, ETC.
      THAT, MY FRIEND, IS A POLITICIAN. SOOOOOO…DOES THAT NOT DISCRIBE MS. BONDI? WE ARE STATING A FACT…

  9. lizinsarasota says:

    The thing that is really cool is that our ball-less AG has snookered us all into submitting all our information so she can “investigate” the issue. Listen, Florida is the EPICENTER of foreclosure fraud. Bondi ought to be hanging her head in shame for just being a Florida attorney, much less being Florida’s top lawyer cop. Oh, boy, she’s just like the banks! Bondi gets all our information and then – who the hell knows what she’s going to do with it? Is she going to hand it over to the banks? Is she going to hand it over to them and then they’ll use it against us? I mean, she might as well unmask her guns and just hang a sign around her neck: I’m a SHILL for the banks! I’m in the POCKET of the banks!

    I have never brought politics into this situation – ever – until now. I have to wonder if it’s a Republican thing. I mean, we’ve got feckless politicians on this issue of both stripes, but, seriously – is this because Bondi is a Republican? I have to wonder. It just seems to be Republicans walk in lockstep with the banks.

    I’m sick of the whole thing.

    • Fury says:

      what about those florida judges who are retiring and joining the f/c mill law firms?

      something is rotten in florida!

      • ROTTEN YOU SAY? THE FLORIDA VULTURES ARE HAVING A FEAST. BUT THE JUDGES KNOW THAT THE DAY IS COMING FOR RETALIATIONS TO SET IN…..THAT BLACK ROBE DOES NOT PROTECT THEM FROM GOING AGAINST THE LAWS AND RULES OF THE COURT OF JUSTICE….THEY ARE THERE TO FOLLOW THOSE LAWS AND RULES….NOT TO BREAK THEM OR CHANGE THEM. IS THE JUDGES ACTIONS AND OR WORDS PERJURY UNDER OATH? SURE SEEMS LIKE IT TO ME.

  10. Fury says:

    “Put on all of God’s armor so that you will be able to stand firm against all strategies of the devil.”
    Ephesians 6:11

     “And that, knowing the time,
    that now it is high time to awake out of sleep:
    for now is our salvation nearer than when we believed.
     
    The night is far spent, the day is at hand:
    let us therefore cast off the works of darkness,
    and let us put on the armor of light.”

    Romans 13:11-12

    and my late Mother’s favorite verse:

    “Ask, and it shall be given you;
    seek, and ye shall find;
    knock, and it shall be opened unto you.”
    Matthew 7:7

  11. Sad to say, Ms. Bondi has proven in a matter of a few short months..that mistakes do happen and she is one of them. Ms. Bondi is a disgrace to the people of Florida. So far..she has shown the people she is a person who has gone over to the opposite side of the fraudulent foreclosures…against the homeowners and for the fraudsters…she appears to be following the money and her position of AG..Chief Law Enforcer also appears to be just a side line to be for her own personal gain.

    • Fury says:

      she is a horrible disgrace to the people of florida who trusted her to do the Right Thing.
      recall her, is what i say….

  12. housemanrob says:

    STOP MAKING MORTGAGE PAYMENTS! OTHERWISE THESE PSYCHOPATHIC BANKSTERS WILL BLEED US DRY! THEY ARE SOCIOPATHIC WITH ABSOLUTELY NO FEELINGS (I SAID ZERO) FOR ANY OF US. WE MUST WREST CONTROL OF THE SITUATION FROM THEMMMMMMM!!!

    • RIGHT ON HO– USEMANROB…..CUT THE CORD AS THEY SAY….CUT THE MONEY AND STICK TO YOUR GUNS…..MAKE THEM PRODUCE THE ORIGINAL NOTE…THE BANK NEVER OWNED THE NOTE…THEY DID NOT FUND THE MORTGAGE…AN INVESTOR DID…THAT IS THE ORIGINATION FRAUD….HOMEOWNERS SITTING AT THE CLOSING TABLE WERE NOT TOLD THIS…THIS IS THE PONZI SCHEME….THE MORTGAGE RECORDED WITH THE BANKS NAME ON IT WAS ALSO A FRAUD. MAKE THE BANK PRODUCE ALL THE DOCUMENTS….IF A TITLE COMPANY DID THE CLOSING…SUBPOENA THEM FOR THE RECORDS….THE RECORDED MORTGAGE WAS SENT TO THE INVESTOR….NOT THE BANK….THERE WERE 2 SETS OF DOCUMENTS….ONE FOR YOU AND ONE FOR THE INVESTOR…2 DIFFERENT SETS COMPLETLY. …i AM NOT AN ATTORNEY BUT THIS HELPED MY DAUGHTER AND I A WHOLE LOT….FOLLOW THE MONEY IS THE NAME OF THE GAME…..YOU DID NOT BORROW THE MONEY FROM THE INVESTOR..THE BANK DID…..SO YOU WERE NOT THE BORROWER. THE MORTGAGE WAS PAID FOR BY THE INVESTOR AND THE BANK BEING THE BORROWER OWES THE INVESTOR….YOU DON’T.

      • i ALSO MUST SAY THE BANK ON THE FIRST SUMMONS SHOWED A LARGE “x” BELOW THE HOMEOWNERS SIGNATURE (ON THE NOTE) THE SECCOND SET THE COURT MADE THEM SUMMIT SHOWED THE NOTE WITH NO “x” BUT THE STAMP “WITHOUT RECOURSE.”… THAT RAISED THE RED FLAG….. THE BANK TELLING THE INVESTOR THEY COULD NOT COME BACK ON THE BANK…SO IF YOU THINK DEEP…THE BANK WAS DOUBLE DIPPING AND THAN FILED A FORECLOSURE…WITH NOTHING INVESTED…AND NOT THE OWNER OF THE NOTE….LOOK GOOD…ITS ALL THERE…WAMU WAS THE BANK IF THAT WILL HELP ANYONE. bUT BE SURE AND — USE ‘ DISCOVERY’….POUR THE COALS TO ASK FOR EVERYTHING POSSIBLE…AND KEEP AT IT….CHASE OBJECTED TO 25 DOCUMENTS…SENT NONE..ONLY A SIMPLE COPY OF THE NOTE..THE SAME COPY i ALREADY HAVE…LOL…THE MOTIONS WILL KEEP ON GOING TO THEM….WITH MORE THAN 25 NEXT TIME..THEY CAN PROVE NOTHING….BUT i CAN….THE INVESTOR WAS SHAFTED BY WAMU…WAMU IS OUT OF THE PICTURE AND CHASE IS BEING SLAMMED…CA– USE THEY ARE ONLY THE SERVICER WITH NO RIGHT TO FORECLOSE. KEEP ON LOOKING….FROM THE CLOSING ON…EXPECIALLY AT THE CLOSING AND WHAT THE CLOSING COMPANY HAS IN THE DOCUMENTS…..MAGIC MAY APPEAR.

  13. talktotennessee says:

    I would like the answer to your question as well, Stanley.
    The industry hires liquidation appraisers or brokers to appraise a REO to sell within a 30 day window. This means most will sell to investors ‘as is’ without consideration of the owner or reducing principal for him. We have some that are selling at 40-50% of value here. If they reduced the value for the homeowner, he might be able to pay. A local attorney has argued that reducing principal for homeowner to what the REO would expect to recover will not hurt the industry dollarwise.
    However, the industry has to be making money on the foreclosure, either as a write-off or in insurance recovery. I lean toward the fact they are recovering double, both in write-off, insurance recovery and fee boosting. I have seen houses where the fees were escalated to cover multiple appraisal or BPOs, late fees, interests, force written insurance and taxes almost to the value of the mortgage. When you add that to attorneys fees, there is a lot of people dipping their fingers in the cookie jar taking money that would not be available to them if the property was modified for the homeowner.
    Basically, we are dealing with massive greed and fraud that is perpetuated intentionally in the name of foreclosure rights, which takes advantage of the ‘mark.’ Guess who the mark is? It is the homeowner who expected fairness, truth and honesty.
    It is necessary to keep the heat on particularly like the clergy and prayer vigils that gather public media attention! It is the only way to swing public opinion to demand the bank’s accountability. If you can file suit, do so. If you can’t show up at a demonstration or organize one!

  14. As Dr House says “your an idiot” Do not give a principal reduction to homeowners that want to pay. I have paid for 18 months trying to get into HAMP. Then I was kicked out for what reason I don’t kn. My checks and Money orders were returned. They said my only option is foreclosure. In every one of my lost houses. I tendered $thousand of dollars but the Banks sent the money back. I was willing to pay Fannie in full. In every case the homes that they take winds up sa being sold for up to 70% off. Can someone please answer why a Bank would do this??? Maybe they can collect 100% from the insurance. I do not want any settlement from the AG’s
    I would rather deal with the judge. Can’t someone come up with a Model to show that principal reductions are the thing to do????
    Stan
    Wisconsin

    • Fury says:

      stan,
      HAMP is a farce as is all of the govt. programs. it is shocking and disheartening but true.
      i don’t know of anyone in any state who has received aid as promised.

      there is no such thing as a modification either. you can’t mod a fraud.

      something has to break soon.

      the whole nation has been defrauded.
      these bank criminals can’t keep it up much longer.

      don’t leave your home due to a fraudster.

Leave a Reply

Your email address will not be published. Required fields are marked *