The Market Ticker | States Knob Banksters – Again

 

States Knob Banksters – Again

There are times that one has to wonder out loud exactly who’s passing envelopes full of $100 bills around to State Attorneys general – or whether what’s being passed is threats instead.

(Reuters) – State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents.

A coalition of all 50 states’ attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks.

So now perjury is ok?  Oh, and not just past perjury either: According to Reuters robosigning is still going on!

It takes a special set of brass balls to get caught submitting bogus documents in a courtroom thousands of times, negotiate for some way to not get bent over the table (and perhaps imprisoned!) for doing it, and while negotiating some sort of settlement continuing to do the same thing that got you in trouble in the first place!

We’ve seen this in the defense and drug industry in the past, but this is particularly outrageous for the simple reason that it touches nearly everyone, and is so “in your face.”

I am not arguing that there should be “free houses” handed out.  But at the same time you cannot allow banks – or anyone else – to make a mockery of the justice system.  This pattern of behavior is extremely dangerous, for it risks the people deciding that the law no longer has meaning at once that happens all pretense of civil order is lost.

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4closureFraud.org

Comments
6 Responses to “The Market Ticker | States Knob Banksters – Again”
  1. WUSF:
    Bondi: Poor Performance, not Politics Led to Ouster of Robo-signing Investigators
    Posted Thu, Jul 21, 2011 at 06:07 pm

    A statement from Attorney General Pam Bondi issued Thursday says the frauf investigators were forced out because of poor performance, while the two women suggest political pressure did them in.

    By Scott Finn (Send E-Mail) TAMPA (2011-7-21) – Attorney General Pam Bondi is fighting back against allegations two of her foreclosure fraud investigators were forced to resign because of political pressure.

    The two lawyers helped expose robo-signing and helped shut down so-called “foreclosure mills.”

    They were forced to resign in May or be fired. A statement from Attorney General Pam Bondi issued Thursday says they were forced out because of poor performance, while the two women suggest political pressure did them in.

    Theresa Edwards worked for three and a half years in the consumer crime section of the attorney general’s office — a lot of that time with her friend and colleague, June Clarkson.

    When the foreclosure crisis hit Florida, Edwards says they started getting complaints about robo-signing.

    People were signing documents with fake names. They didn’t have the required witnesses. And they weren’t reading the documents they were signing.

    “They were just basically shoving paperwork through. They weren’t reviewing it properly,” Edwards said.

    They were recognized for helping to bring robo-signing to national attention. The scandal forced banks to delay thousands of foreclosures as they re-evaluated how things were done.

    In January, Bondi took over as attorney general. That’s when Edwards says things changed.

    “Rather than sending out subpoenas, as you would expect investigators to do, they wanted us to send out letters inviting people in to discuss the problem with us,” Edwards said.

    “Well, it certainly gives the target the heads up that we’re coming and we’re looking. And if there’s anything going on that’s not the way it should be, it gives the opportunity to cover up or hide whatever’s there,” she said.

    (Bondi’s office says this accusation is flat-out wrong, and no such directive was given.)

    Edwards says the pressure on her and Clarkson grew, but she never expected what happened one afternoon in May.

    “They gave us notice on 3:30 on a Friday afternoon that she and I were done at the end of the day, and we could either submit out resignation or be fired,” she said.

    Bondi’s office tells a different tale. In a statement released Thursday evening, Deputy Attorney General Carlos Muniz says their division director met with them three times to discuss their performance over several months.

    He also says the women were forced to resign because of issues such as “professionalism to opposing counsel,” “proper identification and analysis of legal issues;” and “judgment in discussing matters related to pending investigations with third parties.”

    He did not elaborate on those accusations.

    Edwards and Clarkson had recently received stellar performance reviews, one as recently as April.

    Edwards says there’s another possible explanation.

    “I don’t really know, but I think there was political pressure to cause this to happen,” she said.

    She declined to say more than that, but others point to Lender Processing Services. They’re a Jacksonville-based company Edwards and Clarkson were investigating.

    If you look at campaign contributions to Bondi, a certain address comes up a lot: 601 Riverside Avenue in Jacksonville. It’s the home of Lender Processing Services, its subsidiaries, and the company it recently spun off from, Fidelity National Financial.

    Altogether, those companies gave $6,500 to Bondi’s campaign directly. They also gave $78,000 to the Republican Party of Florida – which was itself a major funder of Bondi’s campaign.

    Finally, Lender Processing Services recently hired a new senior vice president for government affairs – Joe Jacquot, who until recently was an assistant attorney general for Bondi.
    (read more)
    http://www.wusf.usf.edu/news/2011/07/21/bondi_poor_performance_not_politics_led_to_ouster_of_robo-signing_investigators

  2. Jim Bethea says:

    I had a suspicous feeling when I first heard that 50 Atty Gen Offices were going to investigate the big banks ~~ Well hell, that is their job in the first place ~~ Now is all seems as one big “escape hatch” for the big banksters that run & ruin this country……….

    So from what I am hearing; the banks admit to fraud, pay a small fine [couple of hundred million from their coffers of monies they have stolen from the consumers] then add on more credit card fees and higher interest rates, etc ~~ The fines seem enormous to the average person, however they equate to only a few days “take” from their customers………

    Same ole bullshit, just another way for the banks to be allowed to operate “ABOVE THE LAWS” ~ The corporate officers at the top of these banks that are TOO BIG TOO FAIL know perfectly well that there scams and schemes are frought with fraudulent misrepresentation, extortion and many violations of the RICO laws as well as the Unfair Trade Practices ~~

    You don’t have to be a rocket scientist to understand most of the criminal activities that these cartels are perpetuating upon the unsuspecting people of the US ~~ If all of these attorney generals agree to allow these monopoly banksters to continue doing business as usual with only a slap on the wrist, then they too should be held accountable for conspiracy and guilt by association ~~ But ALL of them in jail ~ damn a fine or a settlement ~~

    And the Illuminati rolls along unscaved once again…………

  3. lvent says:

    THEY COULD END THIS FAKE, MANUFACTURED FINANCIAL CRISIS RIGHT NOW IF THEY WANTED TO. THEY CREATED THE MORTGAGE FRAUD PONZI SCHEME, MADE HUNDREDS OF TRILLIONS OFF OF THE FRAUD AND INTENTIONALLY COLLAPSED THE STOCK MARKET WHEN THEIR INTENTIONALLY CREATED HIGH RISK LOAN POOLS FAILED. (SEE YOU TUBE VIDEO: CNBC ILLUMINATI CRASHES STOCK MARKET) THEY SET UP GOOD AND BAD MORTGAGE LOANS INTENTIONALLY SO ALL LOANS IN THAT POOL BOTH GOOD AND BAD WOULD FAIL. THAT IS, NO MATTER HOW YOU SLICE IT KARL, CRIMINAL. SPECULATING IS GAMBLING AND THEY CREATED THE RISK, NOT MAINSTREET AND THEY INSURED THEMSELVES ON THAT RISK THEY KNEW WOULD FAIL. THEY MUST RESCIND……………..

  4. lvent says:

    Free houses? This is not about free houses. This is about financial terrorism. They set the people up to fail, robbed the people in the biggest transer of wealth for Mainstreet to Wall Street to the ruLing elite IN HISTORY and then they socialized the debt onto the AMERICAN PEOPLE, THE PEOPLE THEY ROBBED. OUR HOMES ARE PAID FOR BECA– USE OF THEIR MASSIVE MORTGAGE FRAUD PONZI SCHEME. CNBC REPORTED WALL STREET MADE 60 TRILLION DOLLARS IN 1999 OFF OF MORTGAGE DERIVATIVES. THEY HAVE STOLEN EVERYTHING FROM THE PEOPLE. THESE CRIMINALS MUST BE FORCED TO WALK AWAY FROM FRAUDCLOSURES AND THERE MUST BE A NATIONWIDE LOAN RECISSION IF THERE WAS ANY FRAUD IN THE LOAN HISTORY. THEN CLEAR TITLE FOR ALL AMERICANS WHO WERE HARMED AND SWINDLED BY THESE WALL STREET CROOKS AND THE SAME GOES FOR THE PEOPLE WHO HAVE ALREADY HAD THEIR HOMES STOLEN ILLEGALLY. PLUS MONETARY RESTITUTION TO EVERY HOMEOWNER IN AMERICA. THEN MAYBE WE THE PEOPLE WILL WALK AWAY FROM SENDING THEM TO PRISON WHERE THEY ALL BELONG. .

    • lvent says:

      THEY HAVE 2 CHOICES KARL. RESCIND THE FRAUDULENT LOANS AND GIVE BACK THE STOLEN HOMES WITH CLEAR TITLE PLUS PAY MONETARY RESTITUTION OR GO DIRECTLY TO PRISON WHERE THEY ALL BELONG AND WE WILL SUE AND TIE UP THE COURTS FOR AT LEAST A DECADE.. THEY SET AMERICA UP TO FAIL, ROBBED US OF EVERYTHING AND PARTIED ON. THE U.S. GOVERNMENT SHOULD SEIZE THE OVERSEAS BANK ACCOUNTS OF ALL OF THESE WALL STREET CRIMINALS AND THEIR MINIONS LIKE THEY DID TO QUADAFFI. THEY ARE FINANCIAL TERRORISTS AND THEY ARE THE WORST KIND OF TERRORIST BECA– USE THEY ARE SO DECEPTIVE. THEY GAINED THE TRUST OF MAINSTREET AND THEN THREW US UNDER THE BUS. MAKE WALL STREET RESCIND AND PAY FOR THEIR FINANCIAL CRIMES. THIS IS A FINANCIAL HOLOCAUST THEY HAVE COMMITTED AGAINST THE MIDDLE CLASS AND THEY SHOULD HAVE ALL GONE TO PRISON BY NOW.

  5. i SO TIRED says:

    this is getting out of control. where is our gusto we need to fight . what do we do we cant sit back and let them allow this to happen. the money is being passed aorun. threats, well that. but i know the money is there. tell ya’ll a little story. i moved to west central florida 5 yrs ago from broward county florida. i bought a new home in western broward. my home was being built and our school was at a stand still i had a 1st and 2nd grader. everytime we go see the house progress we would check on the school .nothing. so oneday i wrote the super superintendent in broward there was the mian guy then eacg section was broken down , i was in the north west district. i accuse all of them of embezelling money (there was just a big scandle in Miami about the same thing) .my kids are unsafe in a portable school. well she denied it my kids went to this potable school. i left the area. and some how received a miami herald article that she and another superintendent of the north west broward are in jail for taking bribes from the builders. needed to just tell you so we all know its happening. what can we do about it. we know its happening. i hate to lose my home and they let the banks off the hook they did eventually finish the school but wa snot there to see it.

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