Fraudclosure | BofA’s Moynihan Said to Press Geithner on Foreclosure Agreement

A settlement among banks, state attorneys general and the Department of Justice would enable lenders to resolve delinquent loans and in turn allow the U.S. housing market to recover, Moynihan told the officials.


BofA’s Moynihan Said to Press Geithner on Foreclosure Agreement

Aug. 12 (Bloomberg) — Bank of America Corp. Chief Executive Officer Brian T. Moynihan met Treasury Secretary Timothy F. Geithner to press for a settlement of probes tied to the industry’s shoddy foreclosure practices, said two people with direct knowledge of the event.

Moynihan, 51, also met Aug. 10 in Washington with Federal Reserve governor Daniel Tarullo, said the people, who declined to be identified because the discussions were private. A settlement among banks, state attorneys general and the Department of Justice would enable lenders to resolve delinquent loans and in turn allow the U.S. housing market to recover, Moynihan told the officials.

“In the states where foreclosure can take place you’re seeing the system unclog and move through,” Moynihan said during in an Aug. 10 conference call hosted by mutual fund manager Bruce Berkowitz. “That’s different than states where foreclosure is going through very slowly.

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48 Responses to “Fraudclosure | BofA’s Moynihan Said to Press Geithner on Foreclosure Agreement”
  1. Me again, sorry, should have done spell check! Rotten time to lose it all, like happy social security, 5 yr plan didin’t quite work out,,,,,,,,,,,,,

  2. Listening to everyone, once again at a loss, exactly one month ago haed another spinning class, once again fell and broke more bones, recovery, income possibilities on hold, while in hospital gave my mod package to someone to complete, keep in mind mort. is not deliquent, best renters move out? OMG give them their deposit back, now working on carpet shampoo, terminex, ad for new tenant, and what??????Cash for keys? ShortSale/foreclosure?and What?????So Iam paying first 1650 out of my ssd 1745 can’t make the second that doubled to 668 insstead of 331?????????? Loan is for 599,000 home is worth 200,000 maybe, and would someone please tell me where I go with this? Keep writing letters, this is a federal housing loan through Central Mortgage????????????? It will be about 30 days by the time it is rented, so far just agents trying to do short sell, are there no scruples? Last house this happened to, was unable to rent at all, and they say they don’t want your home there to help you?When they fine me dead one of these mornings due to can not take this stress, bullshit, constantly being lied too, by ALL take a number! Promise me that you will make lots of noise, can’t get anyone to listen, stupid deadbeat get out of their ways…………..what a disappointment

  3. Readdocs says:

    The british, and greek riots are already on their way to America. And they will be massive.

    • lvent says:

      Right on Readdsdocs!!!!! Their answer to debt is war, our answer to debt is Revolution!!!!!!!!! Throw all of the bastards out!!!!! Time to take our country back!!!!!!

  4. Michael Olenick says:

    Obama. You’d better plan on either moving a LOT of bankers to Florida because there’s a whole lot of FL Democrats who are planning on either not voting for you, or — depending who else runs — actively voting against you. Geithner may play better in NY but, guess what, you already have NY’s vote. Florida, you might remember, is a swing state: the largest swing state in the country. There’s a lot of really angry FL Democrats, or maybe you’re guessing we have no choice. Guess what? You’re wrong.

  5. Wayne says:

    I vent: You are a scholar of the written word and a silent hero. I have followed you in these post for quite a few months and like you I F’n hate BofA. I will not even tell you to the point I hate them. My question to you is …. What do we do? Writing on these posts are somewhat therapeutic and it does, I admit …. very calming. I am not of your caliber of Witt and sarcastic charm, nor am I an organizer of the masses. But we really need to do something about this. Do you have an answer ……
    Not Leaving …. not at all …. Alive and well in Casa Grande, AZ.

    • lvent says:

      Thanks Wayne for the compliment. I am just trying to spread the truth about these crooks and cons who are being protected by Foreclosuregate..The rights and laws that do exist are being hidden from the people and the crooks are trying hard to make fraud legal.. BofA is not the named pretender lender in my case that is actually trying to fraudclose but they really are all one giant octupus with many tentacles that reach everywhere.. BofA is really Bank of Italy and is owned by the Vatican/NWO. and are the head of the big banking establishment in America but are not American owned….then there is Chase who is their evil counterpart… Fannie/Freddie and the IMF also played a very deceptive role in this and this scam could have never been pulled off without all of these agents who are really owned and operated by one entity…The New World Order..There is so much corruption everywhere it is hard to know where to start but I feel pretty strongly that the truth needs to get out about all of the evil this criminal enterprise has committed and there is alot of evil here..the truth needs to come out about the last Great Depression and who these people are who were behind the collapse of Germany, the rise of Hitler and WWII and who funded it, the J.F.K assassination and who ordered that and carried that out is the same as 9/11 and how that was the begining of the cover-up for all of this…These NWO ruling Global elite are planning the demise of all sovereign nation including ours. They really do want a one world fascist .tyranny, a dictatorship…..This is most definitely a Hitler Plan and the Fourth Reich is behind this…It seems like the truth is getting out and starting to spread because of the internet..I am in Chicago and am open to suggestions on spreading the truth to the masses…about the NWO that is holding America hostage, their Hiltler Plan, and why the U.S.Government is allowing them to continue to financially terrorize American citizens……..for and unsecured debt….that they are not even owed…

      • deadnote says:

        Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power. mussolini

        I vent, your ranting is epic, you’re a true patriot…keep up the fight …

        My 2cents…restore glass-stegall and hang the international bankers…look at the corporations that tried a “coup” of populist President FDR…
        …to install a facist corporate state, hitler style…wake up sheeple or risk this thomas jefferson quote

        “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

        End the FED and their NWO plans NOW…

      • lvent says:

        deadnote, Thank You, it is going to take all of us working together to get the job done…Lets spread the truth to everyone we can……Let’s break down that Foreclosure-Gate!!!!! We Can Do This!!!!!!!! People Power!!!!!!!

  6. Hell No, No More Bail-OUTS says:

    Too bad all of Capital Hill and the other officialdom buildings in Washington D.C. will never sink into the swampland it sits atop. Wall Street and the denizen of thieves on Capital Hill both need a ‘Katrina’ to clear them out.

    • lvent says:

      Hell no, That hurricane might just be coming…there are alot of really pissed off American citizens who want to throw them all out on their ears….The media is reporting CONgress approval rating is at an all time low, just 10% which that 10% is probably comprised of their TBTF fan club…..Obama’s approval rating is really bad too….I think the jig is up…..and they know it.. Anyone notice how some of these Repub politicans are dressing like middle class citizens and trying to use religiion to gain support….Don’t fall for it America…Repub, Dem….is a party of one and they are almost all corrupt and useless as long as the NWO order power structure exists in Washington…If you or I got elected as Pres in 2012, as long as the ruling elite, the NEW WORLD ORDER hold positions of power in the White House and Congress America is NOT A DEMOCRACY……THIS IS A PLUTOCRACY and a fascist Dictatorship….The U.S. has to remove itself from the U.N. and remove all of its members including all members of the Council on Foreign Relations, Freemasons,Skull and Bones,no secret society members allowed like the Trilateral Commission and allow no politician or anyone who is supposed to be working for the people to have a dual citizenship….Google how many politicians are NWO order members or have dual Israeli/U.S. citizenships….former Chief of Staff and now Mayor of Chicago,Rahm Emmanuel has a dual citizenship ….Michael Chertoff is another….The lobbying of Congress in Washington has to stop as well as the TBTF and their cohorts funding political campaigns….Obamas last campaign was funded by SMOM/VATICAN/JESUIT owned banking proxy Goldman Saks, the Chicago banking cartel and George Soros all New World Order members…..There must be term limits on Congressmen/women and Senators…..The corruption is beyond belief…. It would be the definiton of insanity for the American people to vote for Dems or Repubs and expect a different result….People voted the Repubs back in last election and things are clearly worse….They all suck and all should resign due to a clear and present danger to our National Sovereignty due to an UNCONSTITUTIONAL and ILLEGAL conflict of interest as they are all working for the enemies of freedom….A/K/A…THE NEW WORLD ORDER.

      • lvent says:

        Timothy Geithner is a member of the Council on Foreign Relations, Google it, and Jesse Ventura claims that Obama is a CIA agent..It is possible, it is no secret that Ronald Reagan was a CIA agent and so was G Bush, Sr…Obama is a member of the UN A/K/A THE NEW WORLD ORDER…..Throw them ALL out. They are doing nothing for the people because they are all corrupt and their intentions are cleary compromised.

      • deadnote says:

        corruption is Illinois?

        Len Small (R), governor from 1921 to 1929, was indicted in office for corruption. He was acquitted; thereafter, eight of the jurors received state jobs. Among his defense lawyers was former governor Joseph Fifer, who asserted, in pre-trial hearings, that the governorship has the divine right of kings.[
        William G. Stratton (R), governor from 1953 to 1961, was acquitted of tax evasion in 1965.

        Otto Kerner, Jr. (D), Stratton’s successor and later a judge on the United States Court of Appeals for the Seventh Circuit, was convicted of 17 counts of bribery, conspiracy, perjury, and income-tax charges from his time as governor, and received 3 years in prison and a $50,000 fine in 1973. He was prosecuted by future Illinois governor Jim Thompson
        Dan Walker (D), governor from 1973 to 1977, was later involved in the Savings and loan scandals and convicted of federal crimes related to fraudulent loans to himself from his own First American Savings & Loan Association of Oak Brook. He was sentenced to seven years in prison with five years of probation following his release.

        George H. Ryan (R), governor from 1999 to 2003, was convicted in 2006 of corruption related to his time as Illinois Secretary of State in the 1990s, when commercial driver’s licenses were issued to unqualified truckers in exchange for bribes, and one of the truckers was involved in a crash that killed six children. Former governor Jim Thompson, whom Ryan had served under as Lieutenant Governor of Illinois in the 1980s, was manager of the law firm that defended Ryan. Ryan is slated for release in 2013.

        Rod Blagojevich (D), governor from 2003 to 2009, and Ryan’s successor, was impeached and removed from office by the Illinois General Assembly in a unanimous vote in January 2009 after being tied to multiple “pay to play” schemes. In August 2010, he was convicted of lying to the FBI in connection with the investigation, but the jury deadlocked on 23 other charges.[Blagojevich was retried on 20 counts from his 2010 trial and on June 27, 2011, Blagojevich was convicted on 17 counts of fraud, acquitted on one count and the jury was hung on two

        lifted and edited from wiki

      • lvent says:

        deadnote, are you from Chitown? If so then you probably know about Mayor Anton Cermak who created the city’s Democratic machine…..For nearly his entire administration, Cermak had to deal with a major tax revolt from 1931-1993….He was shot wihile talking with President elect F.D.R. and died one month later….That brought the end to the property tax revolt in Cook County……
        Here are a couple of related articles:
        The mayor who created the city’s Domocratic Machine takes an Assassins Bullet Intended For Franklin Roosevelt:,0,2484037.story

        And then there is the Great Chicago Fire Story and the complete destruction of the Cook County Recorder of Deeds, The Chase Brothers and the Burnt Records Act.

        The History of Chicago Title and Trust

        If we connect the dots we will find the same players have used their cohorts and minions all throughout our history to try to own and control America..

      • lvent says:

        Let me try to repost that wikil ink it is important:

  7. Bill McAuliffe says:

    I can’t wait until they ALL “unclog and move through”. We’re going to need a lot of cleaning people tho. And after they “Move through”, then they can “Move on” straight to prison.

    • Malco says:

      I E-Mail this little punk Brian and asked him to man up and answer me PERSONALLY , no , when I called him boy I was right . I told him to come to my county and bring his “A” game lawyers and I will pro-se chew them up and spit them out , he is a spineless little bastard and boy if you read this , you know who I am , I have a BIG surprise for you if you do attempt to foreclose , no this not a threat of violence you stupid little man , I will put so many Federal agencies on your company and you personally that you will lose 200k trying to fix what I have prepared for you , bring it little man , you have referred me to at least 5 of your “specialists ” yet not a freakin 1 of them can answer my questions , do you feel that son ?, that your nuts in MY vise and I am leaning on the handle , have a great day , I will ’cause I know how f-ed you are in my particular case , there is a special place in hell for you M’f-ers , to bad for you . CYA

  8. keepon says:

    To quote the Honorable Arthur Schack: ‘A Kansas City Shuffle is when everybody looks right, you go left.’

  9. keepon says:

    Do They really want us to believe that this has not been staged. Treasury trumps Schneiderman.

    More Kibuki.

    • lvent says:

      Right on keepon!!! They think they are fooling someone with all of their Kibuki democracy crap….I was watching the FOX news coverage this morning about the straw poll and listening to the candidates lie through their teeth…..I hope these people realize they cant trust the Republicons or the Demorats….and stop being sheeple and don’t vote for any of them in the fake STRAW POLL BULLSHIT……Otherwise we are living the definiton of INSANITY in America by repeating the same behavior over and over again and expecting a different result……..FORGET THE REPUBLICON/DEMORAT PARADIGM, IT IS COMPLETELY BROKEN AND CORRUPT…..IF THERE IS NOT AN AMERICAN PATRIOT THAT I LIKE RUNNING INDEPENDANTLY, I WILL NOT VOTE….

  10. Faith says:

    Carie- Can you make a poster of the above picture with the wordage and sell ?
    I want to use something like this to post on houses coming up for auction.

  11. Fury says:

    here’s a remedy for them —- pay back all of the money that people had invested in their homes.
    pay damages for all of the pain and suffering they have caused by their fraud in the origination and fraud in the foreclosure.

    that will speed things up.

    • lvent says:

      After all Fury how many house payments did these pretender lenders/servicers collect that they were not owed because they lost track of ownership of that “loan” right at Origination???? That amount must be astronomical…….

      • lvent says:

        The homes are paid for but the fact that they got 4 trillion in taxpayer funded bailouts and they are still fraudclosing should send them directly to prison….where they should stay and await trial…They are a clear and present danger..They are financial terrorists and they are a cancer to America and the entire worlds economy as well as Americas National Sovereignty…They are foreign owned and operated multinationals posing as American Instittutions and none of the TBTF are American owned…That is a BIG LIE, just like the lie that America is broke…..These crooks just want America and the world to pay for all of their fraud by stealing everything from the people including their National Sovereignty….THEY RANG AMERICA UP WITH UNSUSTAINABLE DEBT BUT, THE CROOKS ALSO CANCELLED OUT THEIR OWN DEBT WHEN THEY INTENTIONALLY COLLAPSED THE ECONOMY AND NOW THEY MUST RESCIND……………………AND GIVE CLEAR TITLE BACK TO THE HOMEOWNERS…….AND ALL OF THE STOLEN HOMES PLUS MONETARY RESTITUTION FOR WHAT THEY DID…….THE BIGGEST MOST PERNICIOUS PONZI SCHEME SWINDLE AND HEIST OF OUR WEALTH IN HISTORY…..THIS WAS THE BIGGEST TRANSFER OF WEALTH FROM MAINSTREET TO WALL STREET TO THE RULING ELITE IN HISTORY…..WE THE PEOPLE GOT ROBBED AND IT WAS AND STILL IS MASSIVE..

      • Fury says:

        yes, it is astronomical and the banks owe us their ill-gotten gains.

        i don’t want any of these backdoor “deals,” “settlements,” or class-action lawsuits where the victims get a paltry amount.

        i want what my family lost and more.

      • Tim Bryant says:

        Remember, default does not occur until the investor does not get paid. Not the servicer. It’s in your docs.

      • lvent says:

        Tim, I think the foreign investors mouths got paid with that tax-payer funded bailout money..That is my understanding from many reports I have heard and read…Now all the rest of this, the fraudclosures and austerilty on the people is just plain greed….and don’t forget, they are still keeping the Ponzi Scheme going at the Federal Reserve..Bloomberg reported a few weeks ago that the Fed collects trillions in mortgage payments that they use to buy treasuries with….They are still recycling the same old UNSECURE debt and causing economic stagflation…There is alot of unsustainable debt here because of the economic conditions that these NWO crooks created and alot of lies and deception they are using to try to cover up this massive Ponzi Scheme Swindle and Heist of our wealth…They all got paid massively and made hundreds of trillions off of all of us for many years..Now they must be forced to rescind and give clear title back to the homeowners…They committed massive fraud in our names…and now they owe us…

      • Tim Bryant says:


        The servicers keep paying the investors (for tranching), even if you do not pay them. They are required to. As long as they keep paying the investor, you are not in default.

      • lvent says:

        Tim, I bellieve that…These bastards never want the gravy train to leave the station…They are all pigs feeding at the trough for sure!!! Thanks for that info Tim!!!!

  12. Bictim says:

    The only way we can REALLY heal from this fiasco is to hold those responsible accountable. Confidence in the banks is critical and we will never have it unless we clean house. Saying we should give the banks a pass in order to move forward is just dancing to the same tune that got us into this mess.
    When will we ever learn?

  13. Ben, Secured Party Attorney in Fact says:

    Last month I wrote a letter to Moynihan. His ceo office responded by only acknowleging my concerns but passed the ball to Mr Ellis who has already refuse to or denied me DUE PROCESS OF LAW. But prior to this letter to Moyniham I have sent many lawfull documents which they have failed to respond under perjury and affidavit formats. And the last document was a 76 pages to many agengies including Kamala Harris (she only add me to a list) but with no promisses. What was sent is as secure party demanding binging the racketeers to justice and upholding the constitutional laws (RICO)..At this time nothing has stopped the foreclosure sale on 8/25/11 but stopped before 4 times. I still have more plans. will see!!

    Any one self calling citizen, i suggest you learn of what is “citizen”.

    God bless you wariors .

  14. talktotennessee says:

    Moynihan believes the cure for the economy is letting his bank (and cohorts) off the legal hook. He wants the government to step in and give the banks amnesty from investors, allow them to foreclose and dump REOs on the market, resolving their problems. After all, wasn’t the destruction of the economy caused by his and other banking systems. His logic is to allow the banks to sweep the house clean and start over.
    People in prison want to be absolved and have that chance too!

    Fraud, forgery, withholding fees from municipalities, stealing houses they really have no dollar interest in except to service te investors interests. What does he think happens to people all the time that are found guilty of similar crimes? Are they allowed to profit? Like telling a bank robber. “Just don’t do it again and we won’t punish you.” “You can keep part of the money because if we don’t let you recover the expenses of your crimes, it might cause y ou to fail.” Is that ludicrous or not? Who is helping the homeowner out of a job, his home and on the street?
    In essence this is what Moynihan is asking Timothy Geithner to help him do: Profit from the bank’s crimes.

    #1 it won’t solve anyone’s problem but the banks. Millions of houses on the market as REOs will completely destroy the housing market. Interest rates now are historically low and houses aren’t closing because appraised value isn’t there to cover the mortgage. Banks reap profits on confiscated REOs BECA– USE they pass off losses to investors. The banks want immunity from investors for their indiscretions and criminal activity. They aren’t worried about our homes or problems. Immunity from litigation from investors will leave them free to dispose of the housing and profit from disposal. They will payoff investors pennies on the dollar as they are now doing with lawsuit settlement. They will recover by selling the house for nickels and dimes. Those that sell will cover the loss on those that do not sell. Some will be given away to municipalities. The bank will write off the losses on their bottom line. It is already happening now where they can’t sell derelict housing, houses are being scraped and land donated to municipalities so banks will not be obligated for upkeep. Banks LIQUIDATE REO housing at a price well below cost to generate bidding, typically accepting cash. Liquidated REOs kill new construction, already happening, resulting job loss in construction, real estate industry, etc. Why pay $400K for a new house when one can buy an REO for $150K in the same neighborhood. What Moynihan is proposing will so completely destroy the housing market it may never recover. He doesn’t care as long as he can prevent the investors from legal recovery. It isn’t all about us but in the end it greatly impacts us and the economy!

    If B of A and others are allowed to foreclose on millions of homes that have illegal or bad titles due to their criminal activity, we truly are at the mercy of the banking industry in this country. If WE allow that to happen we deserve nothing better.

    President’s website: you will find an interactive form to contact the White House, phone numbers, mailing addresses, other links to government agencies. Write specific concerns and why. If enough of us do this, it will gain attention. It doesn’t matter whether you like or voted for these people or not. Write Congress representatives, Senators. Attorney Generals, local newspaper and continue to write. Encourage those who are holding the line against the banks. This blog helps vent our anger but the angst of our outrage needs to be voiced in all venues available.
    If we don’t speak out against criminals PROFITING from their mistakes, who are we? It doesn’t matter if they are the Mozillos of Countrywide or Moynihans of B of A with their white collars and corporate jets, they are crooks if they want to profit from tricking people into bad loans, ripping their homes out from under them, duping investors with their phony ratings to purchase a bad securitized mortgage bundle while ‘cooking’ their books or records. All while refusing to do the right thing, work with homeowners, write down principal or make things right. Frankly, the Mozillos and Moynihans need to be with Madoff. The banks responsible for the global meltdown need to go the way of Enron. Investors need to get as mad as homeowners at the banks gaining exemption from litigation.
    Enough is enough! Get mad, take action!

    • deadnote says:

      what a farce, they create the crisis and then get immunity…restore glass-stegall and prosecute the bankster criminals…both will never happen in this political envirnment though…we need to elect candidates when wont bow down to the special interests

  15. lvent says:

    LaRouche: Jail Bernanke, Geithner and Obama Now for Massive Theft and Loan Fraud

  16. Alex says:


  17. Ron Moss says:

    Which one do you beleive, and why

  18. lies is all they tell says:

    the robbing americans homes ocnitnue v

  19. readytostrikeback says:

    Please tell me where he lives. Let me start by pounding on his front door. Tell him he will get $2500 for the keys.
    Then i will use my baseball bat and have sex with him.

  20. Bobbi Swann says:

    Yeah, I like this line from the article:
    “A Treasury official called the meetings routine and part of a continuing dialog on housing and the economy.”

    Routine is right….how much can I pay you to put all this to bed? is more like it! Such corruption….it’s endless! Get ’em all out….Timothy, Obama, Bernacke….all of them!

  21. Litgant says:

    What he means is let crime have a pass and let the bank make trillions and strip the American people of their wealth via these bad mortgage securities. The investors from the American public: all the retirement funds etc., are stripped of their wealth. Securitization was all a schem and a sham from the get-go. It got the banks all their money plus they will get billions in service fees. Pass on the risk to those policemen, firemen,and other public employees by stripping their retirement funds. American has been stripped, robbed, mugged, on the backs of the homeowners. The banks knew what they were doing in inflating the markets with false appraisals to get larger dollar mortgage loans, and increase their profits in securitization. Now add to all of this the fraud in the documents and we have criminal conduct. And the shyster judges rocket-docket these foreclosures and deny constitutional rights to the defendants, and we are in a national crisis. These banks are the cause of the whole national melt-down. And now they want legitimacy? And they want all the AGs as well as others who have brought suit against them to be silenced? I believe it may come to America, riots in the streets. There is a point when people will have taken enough and they are not going to take it anymore. When government is no longer of the people and for the people it is time that government is replaced. Maybe a revolution is what they really want? Well, more of this stuff and they will incite it and give those who choose to be involved the passion to get out into the streets. Let it all start in Washington DC where all the fraud is now being rubber stamped ROBBERY AND FRAUD PERMITTED. God help America.

  22. housemanrob says:

    Brian is…a clog…in the toilet bowl…..flush him!

  23. Tim Bryant says:

    Moynihan’s last ditch effort to save his company, which is on Death Watch. Why settle? Let the legal system end the nightmare known as BofA.

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