Matt Taibbi: A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals

Is the SEC Covering Up Wall Street Crimes?

A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals.

Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – “Hey, chief, didja know this guy had two wives die falling down the stairs?” No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.

That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – “18,000 … including Madoff,” as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.

Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency’s records – “including case files relating to preliminary investigations” – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term “Orwellian,” devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or “Matters Under Inquiry” – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission’s internal website. “After you have closed a MUI that has not become an investigation,” the site advised staffers, “you should dispose of any documents obtained in connection with the MUI.”

Many of the destroyed files involved companies and individuals who would later play prominent roles in the economic meltdown of 2008. Two MUIs involving con artist Bernie Madoff vanished. So did a 2002 inquiry into financial fraud at Lehman Brothers, as well as a 2005 case of insider trading at the same soon-to-be-bankrupt bank. A 2009 preliminary investigation of insider trading by Goldman Sachs was deleted, along with records for at least three cases involving the infamous hedge fund SAC Capital.

The widespread destruction of records was brought to the attention of Congress in July, when an SEC attorney named Darcy Flynn decided to blow the whistle. According to Flynn, who was responsible for helping to manage the commission’s records, the SEC has been destroying records of preliminary investigations since at least 1993. After he alerted NARA to the problem, Flynn reports, senior staff at the SEC scrambled to hide the commission’s improprieties.

As a federally protected whistle-blower, Flynn is not permitted to speak to the press. But in evidence he presented to the SEC’s inspector general and three congressional committees earlier this summer, the 13-year veteran of the agency paints a startling picture of a federal police force that has effectively been conquered by the financial criminals it is charged with investigating. In at least one case, according to Flynn, investigators at the SEC found their desire to investigate an influential bank thwarted by senior officials in the enforcement division – whose director turned around and accepted a lucrative job from the very same bank they had been prevented from investigating. In another case, the agency farmed out its inquiry to a private law firm – one hired by the company under investigation. The outside firm, unsurprisingly, concluded that no further investigation of its client was necessary. To complete the bureaucratic laundering process, Flynn says, the SEC dropped the case and destroyed the files.

Much has been made in recent months of the government’s glaring failure to police Wall Street; to date, federal and state prosecutors have yet to put a single senior Wall Street executive behind bars for any of the many well-documented crimes related to the financial crisis. Indeed, Flynn’s accusations dovetail with a recent series of damaging critiques of the SEC made by reporters, watchdog groups and members of Congress, all of which seem to indicate that top federal regulators spend more time lunching, schmoozing and job-interviewing with Wall Street crooks than they do catching them. As one former SEC staffer describes it, the agency is now filled with so many Wall Street hotshots from oft-investigated banks that it has been “infected with the Goldman mindset from within.”

The destruction of records by the SEC, as outlined by Flynn, is something far more than an administrative accident or bureaucratic fuck-up. It’s a symptom of the agency’s terminal brain damage. Somewhere along the line, those at the SEC responsible for policing America’s banks fell and hit their head on a big pile of Wall Street’s money – a blow from which the agency has never recovered. “From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” says Sen. Chuck Grassley, the ranking Republican on the Senate Judiciary Committee, whose staff has interviewed Flynn. “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what time frame and to what extent its actions were consistent with the law.”

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34 Responses to “Matt Taibbi: A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals”
  1. macy says:

    1- how can banks offer a loan modification if the note was converted to a stock certificate
    2- why is no one talking about the fact that when you signed the note- YOUR signature monetized that note therefore making you the Creditor and not the lender
    3- have any of you viewed the FBI docs zip file on website
    4- why is no one talking about the Mahoney case – Credit River decision regarding who the true creditor is
    5- why is no one talking about the fact that according to Federal Law banks are not allowed to loan credit and are also not allowed to loan their own or their depositors “money”
    6- why is no one talking about the fact that real “money” no longer exists- (HJR 192)- only FRN (BTW – the N stands for Note as in Promissory Note) which are a debt instrument and not real money

    Would love to hear the answers to some of these questions

    • Ivan says:

      Has the VA loan guarantee office in Atlanta been investigated? Is the VA loan guarantee office, southeastern region, in Atlanta, the nexus of financial crime? You know a man by who his LAWYER is. An honest man needs no high powered criminal defense lawyer/asst states Attorney General to provide protection. Check it out. Through the net deep and wide. Catch a lot of fish.

  2. Igor says:

    How are the ‘banks’ responsible for the fraud? The banks were defrauded by the loan origination fraud. The only way the survives was from bailouts. The banks lent money on fake loans created by a racket comprised of loan officers (crooked bank employees), loan guarantee officers (crooked government employees), MERS, purgerers, forgerers, and powerful lawyers in high places such state AG’s and state assistant AG’s . These forces converge to create an expostfacto protection racket. The banks are silent because the treasonous thugs who took all the funds from the counterfeit mortgages from their own banks then had those funds concealed using the ‘security’ vehicles to then be transferred to overseas to secret accounts. This is simple money laundering. The media and those who desire to conceal this reality are creating one illusion after another regarding ‘who is to blame’, etc. They are on the take. There is a conspiracy to keep this reality from the public. By whom? Those who are the beneficiaries of it, or those who are paid off, or otherwise made an offer they cannot refuse.
    Thus, the US is protecting and bailing out

    • Must always remember that banksters never need to be bailed out and that the debt is an allusion of the conversion of the amount expressed on the promissory note that originates the false funding of the account and double ledger entry in the bankster system of fraud and that is why the banksters are to be held responsible for their crimes of mass economic destruction and loss of property by We The People that are mad as …..

      • meant delusion (as in the illusion) rather than “allusion”

      • lvent says:

        Michael, I did not forget about your Nugatory Declaration!!.Any news on that???..I do want to file that at my recorders office and pass it around to everyone that I know…I have court next month for my home and commercial property fraudclosures and I have been building my case to bring to the attorney. Yes, I think I actually found an attorney who wants to help me!!!!

    • Igor says:

      The essence of Doublethink, after all, is the act of simultaneously accepting two mutually contradictory beliefs as correct. Normally, such information creates cognitive dissonance – the uncomfortable feeling caused by holding conflicting ideas simultaneously – but in the bizarro world that is the forever war of manufactured terror, this no longer applies.

      They can now brazenly admit they create terrorism (FINANCIAL/MORTGAGE FRAUD) and we are expected to assimilate this without question or further intellectual processing. If we point out the obvious, we are either ignored, dismissed as insane – a favorite tactic of LAWYERS and OTHERS INVOLVED, – or accused of aiding and abetting the enemies of freedom.’ This is classic Jesuit warfare.

    • Ivan says:

      ‘Wall Street’ crimes? ‘Bank’ crimes? How about a racket inside the banks, inside wall street companies, and a protection racket, a virus, INSIDE these entities, but not the entities themselves. If a bank has a dirty employee, a filthy loan officer, who is part of a network of dirty loan originators, and dirty law frims who conspire to suppress liens, and to obfuscate the true nature of their activities, either exploit a very open to fraud database, such as MERS, or were part of its very creation for the purpose of concealing/obfuscating fraud
      Study in DEPTH nBank of Commerce Georgia. It may have been a prototype of what was is the MO. Why were there so few arrests? This may be the Tip Of The Iceberg. IMHO

    • Ivan says:

      Was the mechanism for robosigning in place BEFORE the foreclosure fraud? Was there robosigning involved in the LOANS? The implications of the answers to these questions is very important. Has any one found ‘LINDA GREEN’ signing on LOANS that predate the mortgage fraud? I HAVE. WHAT DOES THIS MEAN. IS THERE A REAL LINDA GREEN?

    • betterthannew says:

      Sorry Igor but you’re dead wrong.
      “How are the ‘banks’ responsible for the fraud? The banks were defrauded by the loan origination fraud.”
      Who do you think is running this whole fraud show? THE BANKS!
      There is no way to get around the banks as the center of this storm, they knew exactly what they were doing, they wrote the rules on how to do mortgage fraud, with every intent to make a trillion dollars out of scheme.
      The banks trained the courts and the lawyers and everybody else, everybody followed the BANKS ORDERS.
      The bankers should burn now, they don’t deserve to wait till they die and go to Hell.

  3. lvent says:

    Just part of the ruling elites evil plan for intergalactic world domination….

    • betterthannew says:

      Obvious now, why Jesus threw the moneychangers out of the temple!
      They were a plague back then and they have never changed!
      Is there no one with the guts to stand up to the banks, to break them down and get rid of them for good?

  4. lvent says:

    CNBC’s Kudlow mentioned this tonight as a blip..You would think this huge story would have been all over the media today.. The media are cowards…With Elliot Spitzer gone from CNN, unless Dylan Ratigan talks about it on his show this story will probably be ignored and that is just wrong this is a huge story and should be all over the 24/7 news channels….

    • lvent says:

      I would like to give kudos to Piers Morgan from CNN. Last night on his show he spoke the truth: There are too many Americans on food stamps and there are no jobs…that means the Government is a failure. I agree…the fact that the U.S. Government allowed this to happen and still have done nothing to help the ecomony or done anything to stop the ongoing crime spree on Wall Street should cause all of their immediate resignations and a special commitee to investigate who allowed this and criminally prosecute all of them for treason….

    • lvent says:

      leapfrog, Its about time. The pretender lender in my fraudclosure complaint is trying to join me, the defendant and foreclose on MERS who also claims to be the failed bank on the title to the house..The last lien on title reads AMCORE BANK N.A. MERS…..WHAT????? The failed bank is also claiming to be MERS!!!!!!! The pretender lender, the plaintiffs in the fraudclosure are PHH Mortgage (who were never assigned the loan)and they are using Fannie Mae’s (who were never assigned the loan) criminal attorney network Fisher and Shapiro who were both caught in a government sting by the State AG’s office for using fraudulent affadavits to fraudclose on homeowners in court….There is soo much fraud you could cut it with a knife…and MERS does not own anyones loan. MERS is a giant illegal fraud and a sham.

      • lvent says:

        When I say lien, I use that term loosely as a figure of speech..It is listed on the title but was never assigned. There has not been a lien properly assigned to my deed in 19 years….there are no secured liens at the country recorders office and they verified that to me….I have had the Warranty Deed stamped paid since Origination… liens assigned to it ever…!!!

      • leapfrog says:

        I’m kind of afraid. Given SCOTUS’ track record of Citizens United (Corporations Are People Too) and not allowing workers to sue Wal-Mart. But when I get to thinking about property rights are STATE RIGHTS, I wonder if SCOTUS can even rule on this or more frightening give MERS blanket immunity and declare this bastardly-dastardly corrupted database to be “legal”.

      • Not my home your not says:

        Try my ideas on for size, I think if they used a few of my ideas, the economy would get back to better then before the crash, let me know what you think as a people not as a government party though……….

        Creating a new government and closing down the
        Fiat money changers
        If we are to try to fix the National debt and continue the safety of it’s people,
        the people have to draw a line, at where they want a stop sign. People that want to
        live without money worries have to learn to do for themselves without the
        governments interference.
        The only way for a system to work the way it was designed is to produce laws to
        protect those systems that produce the effect above its intended use. When a system
        works for two years and continues to produce a positive effect. then those laws go
        into effect and can not be changed with any new laws, up until it either stops
        producing above 10% of it’s intended use, or becomes aged at 10 years. But if after
        10 years still produces above 10% it continues for another 2 years with reviews
        every two years.
        Now to tackle the problems at hand:
        1. Take down all bleeding at the site of injury, Corporate welfare, Social
        Security, and health care are the necessary items that cause the
        bleeding in the financial system.
        2. Harness the government spending, starting with declarations of war,
        or interference of the United States to intervene in squabbles abroad.
        3. Get rid of all the agencies that are doing a mirror of another
        program that has the same effect, there are plenty of child safety organizations
        that are doing the same protection plans, and better then the government without
        taking the children out of the home, on nothing more then donations. Discontinue
        all unnecessary government programs, like Child protective agencies that receive
        thousands of dollars to remove children from homes on the tax payers bill, without
        any physical signs of abuse. $10,000 per month benefit from states for this action
        is damaging to family’s survival, and government fraud being allowed to continue,
        without any stopgaps to control UN-necessary removals and other programs to help
        keep families together. And just try to question the agencies and they will come
        take your child, to shut you up.
        4. The financial collapse was caused by the federal reserve and the
        banking cartel and should be abolished and thrown out of the US. Banks that caused
        all the fraud by taking of homes that were paid off through government programs and
        insurance claims of owner default, should be addressed at local levels and the
        courts should have no intentional reasons to over rule the owners on grounds of
        default when the homes were mere residences that are lived in. Their retirement and
        pensions should be protected by insurance of those funds, and not be controlled by
        what the investment firms do. If they invest in mortgage securities to fund their
        retirement on interest from those investments, they should lose everything like the
        rest of the citizens. Put your money in those banks that defrauded the American
        people and force them to pay 8% interest on those deposits for retirement.
        5. Make into law that if the banks want to have insurance on their
        returns, then the banks should pay those insurance plans against the mortgages,
        instead of the owners. If anyone who should receive insurance against loss of
        income, it should be the citizens, and not the banks. Banks are allowed to charge
        enormous amounts of fees for doing absolutely nothing for those fees. Any
        transactions done electronically should be free except for monthly fee for use of
        an electronic account.
        6. Any mortgages given to a borrower should have a double insurance plan
        to protect both the bank and borrower. And both lender and borrower should put in
        equal amounts to cover both parties in a case of default. And if either is found in
        fraudulent activity and items not stated exactly on the Note and mortgage, then
        there should be a prison term of not less then 3 years, with double damages paid to
        the victim of such crimes. And the fraudster should pay all his costs from prison.
        All banking should have strict boundaries, and give no leeway for loopholes out
        side of a written contract. All large banking business of foreign nature, to be
        sent back to country of origin. If the corporation is from any outside country that
        is not part of America, should pay half of the profit margin as tax for doing
        business in this country. If they want to play in our parks, let them pay for the
        damage control.
        7. Discontinue any ties with the fed and produce our own monetary system
        back to a system backed by precious metals and insured notes from the government
        bonds. If the government wants to control the debt, they should sell government
        bonds to investors at the going rate of exchange of 6% to borrow from the
        government, or 3% interest to buy bonds from the government.
        8. The banks caused the financial collapse and should pay back all the
        owners that were thrown out of their homes double the amount of the mortgage, and
        be forced to bring in both Mortgage and the Note signed over directly by the
        original lender or owner, in the court. Not allowing any lost note excuses. These
        banks have taken and used our name as collateral for fiat money that has no value
        whatsoever. Our signatures were used in fraud to pass on to foreign investors who
        want nothing more then to own every man woman and child of the United States. And
        by investing in our debt, they do just that. This can be called government
        participation in international slavery. They just don’t put you on a stage to be
        looked over. They do it by deceit and forgery.
        9. All natural born Americans should have the right of their first home,
        free and clear as was the case in 1700’s. The land should be given to the American
        at age 21 and pay extra for the home if one exists already on that land they want.
        But if the land is vacant, the government should pay for that land in one acre lots
        and allowed to buy surrounding lots connected to that property separately.
        10. There should not be any contract collecting more then 5% interest on
        a note or mortgage, and a cap on any profit margin of 10% above costs to supply the
        goods in America, on all goods sold in the USA. Any outside sales overseas should
        be charged another 10% interest on goods shipped out of the country.
        11. All CEO’s and higher ups should not receive more then 10% of monthly
        take in from corporations as income pay. If they want more, they should invest the
        extra that they want into fraud insurance, that would pay back any fraudulent crime
        that CEO has committed. And if at age 65 has not been found of any illegal activity
        would collect that amount in the fraud account, to be given to him at retirement.
        12. Since the electronic world we live in depends upon this new system in
        all forms of society, there should be an electronic voting system fully designed
        against fraud, for the whole of society to vote the way the people want to change
        the government, and counts are to be if there is 51% of all votes as a whole people
        from all American cities and towns, are counted as one vote per person at age 18,
        to be able to change government in seconds, not years. For things to change, they
        have to be implemented immediately, as issues pop up, they wont have a chance to do
        much damage.
        13. Abolish all laws that are clearly using the system of the government
        to become more controlling over the people. The government must back out of all
        influence of the government to control it’s people. All actions that clearly favor
        any agency or government sector above a living person in favor of industry or
        corporation or government shall be controlled with force of the people if necessary
        and any court that favors any laws against living people in favor of any
        government,industry, corporation, banking institute, foreign institution, including
        the United Nations and the fed, shall be fined and sent to the peoples court by
        electronic counted vote of punishment for treason against the people.
        14. Make all banking institutions pay back all the funds they printed up
        in the name of the United States as debt against the United States, formally known
        as earmarks by bought and paid for politicians against the people of the USA.
        Send these politicians to jail for accepting money to change laws and rules and
        statutes that clearly rub against the peoples livelihood and safety, and protect
        the rights of the people to the highest quality, or face electronic vote of the
        people as to the condemnation of the people and sent out of any government branch
        or entity for life, without exceptions.
        15. Make all contracts absolute and binding by signature by all parties
        involved, and allow no other over ruling party besides the ink signed note stamped
        by electronic Notary device that date stamps and confirms the signatures of all
        people involved in the agreement, and no other replacement of ownership shall ensue
        unless a new transfer of contract or agreement is made amongst all parties. If
        death should incur, there shall be no valid contract or agreement continuance
        unless there was a cosigner of ownership before such demise. There shall be no
        replacements of original documents if the opposing party has an original document
        that states their defense.
        16. Let all contracts and agreements be what they are without any legal
        recourse, as it is what it is rule of thumb, not of what it might mean in simple
        language that any normal American would understand as the truth, without any legal
        representation to be understood, when the contract or agreement was done outside of
        legal representation, and no business shall be done, when it falls on a day other
        then a normal business day. There shall be a time to rescind the documents within
        one year for normal use, for fact finding of any fraud that could take a year to
        uncover, before it was an issue. In such non legal activities outside of legal
        counsel shall be in normal street knowledge language in form of simple wording and
        exact details included, and if either party signs, full well knowing he does not
        understand the document, should not sign and take the contract to legal counsel to
        explain the documents and provide assistance if needed for a fee not to exceed 1%
        of the contract amount or $25 dollars per hour for time involved.
        17. Any funds that were printed in federal currency shall be null and
        void, unless the funds were for use in the United States for the use by Americans
        in the United States. There shall be no other printing of currency by any other
        entity, except the United States to use as a monetary system in place of the
        federal reserve note now being replaced by backed securities that are material in
        nature and can be traded for like materials or services. This monetary system shall
        contain it’s full wealth without any loss whatsoever. It shall have a what it is is
        what you get value, not depending on Wall-street or federal reserve to place value
        on. One unit value shall have a one unit value, no more, no less.
        18. All federal currency now in existence shall be exchanged for the new
        currency at the same one unit value for one unit value of new currency.
        Draw from the banks will be exchanged with new unitized currency, and exchanged for
        foreign currency or materials in like exchange.
        This currency will be the property of the United States citizens at all times, and
        shall not be controlled by any one government or entity other then the people of
        the United States. The exchange shall be for one year before retiring the Federal
        notes. Notes exchanged shall maintain the value of 100 pennies of the US government
        and shall receive 100 pennies for 1 unit of the new currency. Or any exchange of
        coin in the control of the United States mints. This shall control the exchange for
        one year, until complete.
        19. The currency now in circulation should be taken out of banks and
        demand coinage to replace the paper form of fiat system that is the federal reserve
        that is a private entity that does not pay tax and prints up all the phoney money
        at will to control the peoples of the world, and should be abolished and demand
        payment gold gold or other, in replacement of the fraudulent counter fitting that
        has been undertaken by the largest banks of the world. They should not be excused
        for defrauding the people of Liberty and justice, and freedom, and the pursuit of
        20. All government rules are to be 99% in favor of the people and 1% to
        industries and corporate judgments. All Utilities shall be fully controlled by
        government of the people, to cap the price of coal, wood, oil and gas reserves, and
        that our exported fuels should be exchanged for another fuel, an example would be
        to trade one thousand Btu’s Natural gas for 1000btu’s of crude oil. Fuels should
        not be valued by volume but in the work they do, so all fuels would be equally
        priced by Btu’s per volume conversion.
        21. All county and local government should tax by the resources they
        use, not by the system now in place. An example would be: If the elderly have grown
        children on their own, the taxes for living should be condemned. Elders should not
        pay school tax, or road tax, or fees for medications. If they don’t drive anymore,
        they should be commended for good judgment and given transportation any time they
        need it.
        22. The Social Security benefits should be withdrawn from elders that
        have a home paid off, and hold more then $500,000 in bank accounts or securities,
        they do not need to have Social Security if they have money to survive on, and if
        and when there income level is below $100,000, they can reapply for Social Security
        again but at half the amount they would have received if they were receiving any
        benefits before. This would cut the national debt by about half.
        23. All the family programs that are sucking the United States dry, like
        corporate welfare, and other tax breaks that are thrown at the big corporations.
        They do very nicely and need no help. No more tax breaks. Tax at 10% of the assets
        that corporations own along with bottom line profits. No excuses or deals.
        No more special interests to be considered. There should be separation of
        corporation and state. The state is owned by the people, and is not for sale.
        24. If any mineral rights that are being transferred or leased, there
        should be a high tax for extracting from that county’s resources and damaging the
        landscapes and quality of life. The minimum should be 10% across the board for land
        owners, and 10% to county mineral tax extraction fees, and also a return to nature
        fund of 5% to counties for any damage years from closing the wells down.
        Also a pipeline run tax at 1% per 1000 foot of run, of supply pipe. Any schools
        within 10 miles of Pipe line shall have free fuel rights to heat the schools.
        25. All county buildings heated by gas, shall be supplied with 10% free
        Natural gas in exchange for drilling permits in that county. There should be no,
        if, and or butts, about this decision. Pay out or stay out.
        26. All the children’s safety agencies are not needed, and should be
        shifted to be contained in one program, that takes complaints from public and
        private citizens should be directed to one main reporting agency, and then a full
        investigation done for one month, making sure that there is any cause to remove
        children in serious danger, like if the parents are proven guilty of abuse, home
        violence, drug use, or severe open wounds caused by definite abuse of guardians.
        There is to be a panel of 20 people part time to sit at each hearing to make the
        decisions not one judge, this panel; would have at least 5 sitting in at one time.
        27. Children and youth agencies are not changing the child protection
        laws, for the better and take the plans of the UN. As they see fit. They actually
        do more harm, financially to the family’s and states, when children are taken out
        of proper home for some small frivolous complaint, so the agency can collect
        $10,000 per month per child with physical disabilities, and they don’t have to
        prove any assumption they make, and don’t have to keep them for more then two days
        out of the home to collect the $10,000 which they deny they receive, but was found
        out by a document sent to me. This is blatant out and out fraud upon the taxpayers,
        and when they find out they get get funds in the thousands for taking children for
        frivolous accusations, but expect the parents to raise their children on $130.00
        paychecks. The courts are closed to the public and the courts wont investigate the
        fraud either. If you count as many as 25 children taken out of the home at even
        $8000 for normal kids, that amounts to $200,000 per month per county. If a state
        has say 52 counties that comes to $140 million per month just for one state. Is
        this what is in the best interests of the child? Or the County? This is what the
        government charges you to take your child from you. Check my numbers and figure it
        out for yourself.
        28. Other ways to cut back the bleeding funds is to impose severe jail
        time for second offenders, and make them payback every penny they stole, and force
        all the courts to make sure none of the fraud goes unpunished. Make the minimum
        jail time stick, a year for every $1000 they defraud from unsuspecting victims. And
        pay restitution. And if it is a Mortgage fraud and the home was already sold, the
        victim should get a home that was legally foreclosed on for default at the same
        value and condition as the home sold, free and clear. And if the President is the
        cause of harm to any American citizen, as in health care or family interference, he
        should be questioned and impeached for treason against the people of the United
        States. Most health issues that are the cause of poor health are caused by too big
        to fail corporations, and should be given health care by the government because of
        politics that allowed those dangers to inflict poor health. Make the TBTF
        corporation pay for the health plans, it their doing that created this fiasco.
        Bottom line should not be the end of the line.
        29. If any homes that were defaulted and sold, they were paid for by the
        government programs, and should be returned to the homeless families, free and
        clear so they can start a new life with some dignity, and give them a reason to
        want to be a contributing partner in society. This country would not be in this bad
        shape if it wasn’t for all the corruption in the courts, counties and government
        using their ill-gotten gains for their own use to get elected, which is paid for by
        the banks and big corporate moguls to destroy living people’s lives, above the
        fraudsters getting off Scott free. Kids are running the streets because the family
        unit has been torn apart by government intervention, and the parents have to work
        several jobs just to feed their family’s. This is outrageous and should be changed.
        Kids have no parental direction, because of overworked and underpaid parents are
        not home, so the kids are out stealing and selling drugs on the streets at 3 am in
        the morning.
        30. Reward the honest citizens that try to change this world we live in
        together. We try to bring back normalcy to life, then they try to force your 5yo to
        learn about sexuality and that incest is OK, it quite alright to have Homosexuals
        living together as mommy and mommy? What has this flipping world going to do, when
        man and woman don’t procreate anymore, we will become extinct and amoral. The human
        was not designed for same sex relationships, and should not be condoned. Less then
        10% of the population cried for same sex marriages, and get their way? What kind of
        system have you got that takes the few over the majority vote, this is not from
        public demand, it was from paid off politicians on the take. The people vote you in
        and pay you, not some generation of wild animals to do as they please. And the
        school should not be teaching abnormal subjects that don’t pertain to learning or
        education, which should be left up to the parents not government to decide how we
        raise our kids.
        Now if you have a better plan to drag this country back out of the mud, then I’m
        all ears, and waiting to hear from you.
        God Bless America, home of the brave, the free, the few…………..

      • lvent says:

        May I add re-institute Glass Steagall and the Uptick rule..Nationalize the big banks, one 6 year term for Congress members, no lobbying of Congress or contributions by the multinational corps to any of the Politicians..Politicians may only be elected by popular vote,abolish the electoral college and electronic voting as well as electronic vote counting.NO POLITICIAN OR JUDGE, OR ANY PUBLIC SECTOR WORKER MAY INVEST IN OUR DEBT OR OUR FAILURE…….Background checks for ANY politician running for public office as to their affiliations. NO MORE politicians with dual Israeli or any other nation citizenships may hold office or hold jobs in Government as well as no secret society members such as CFR, Skull and Bones or UN members…The U.S must remove itself from their U.N. MEMBERSHIP..Abolish the FEDERAL RESERVE SYSTEM..Politicians must sign legal binding contracts to insure their pre-election promises are kept and any act which may be considered treasonist should force their immediate resignation without benefits or pensions nor should they ever be allowed to hold public office ever again..Deport all illegal aliens..The Government must insitute an affordable PRIVATE healthcare plan that people can afford which will cause competition for the giant healthcare monopolies and drive down the cost of healthcare…NO WALL STREET CEO’S SHOULD NEVER BE ALLOWED TO HOLD ANY POSITIONS OF POWER ANYWHERE IN POLITICS BUT ESP. NOT THE WHITE HO– USE. The pretender lenders must rescind all loans where there is any proof of fraud anywhere in the loan, same for the homeowners who have already had their homes stolen illegally….CLEAR TITLE GOES BACK TO THE HOMEOWNERS WITH LARGE MONETARY RESTITUTIONS TO PAY BACK TAXES AND ANY OTHER PAIN AND SUFFERING….CRIMINALLY INDICT ALL OF THE CEOS OF ALL OF THE TBTF, PAST AND PRESENT ALONG WITH PAULSON, GEITHNER AND THE PRESENT AND PAST FED HEADS..FREEZE ALL OF THEIR OVERSEAS BANK ACCOUNTS AND RECOVER THE MONEY THEY ALL STOLE WHEN THEY SHORT SOLD THE STOCK MARKET, INTENTIONALLY CRASHED THE ECONOMY AND STOLE OUR WEALTH AND HID IT IN OVERSEAS BANKSTER ACCOUNTS.. GIVE THE STOLEN MONEY BACK TO THE PEOPLE SO THEY CAN START NEW BUSINESSES AND INVEST AS THEY SEE FIT…..those are just a few additions I would like to add your plan.

      • lvent says:

        BTW, stopping civil unions will not stop people from their sexual preference.. children being born into the world is not going to stop because there are civil unions.

      • NOT MY HOME….Very interesting and some very good issues ….some people may have stronger ideas as to how it CAN BE DONE…and it can be done….no doubt. In the DCF…that department needs some TLC and a good house cleaning. I must say I agree with you there. Way to many departments involved and many are like a repeat of other departments. Yet when you call you have the wrong department…On the money…I fully agree….We need to be in control of the money….under our own government. I certainly would not let my neighbor control my money or a stranger…..I know you spent alot of time on your ideas…keep your copy….it just may be needed very soon. But I am sure others would have more to add to it….

      • NOT MY HOME…SEE I vent has already added to your list….I didn’t see her comment at first….YES…STOP THE LOBBYISTS….ILLEGAL BRIBES…..ALL that I vent lists are VERY IMPORTANT AND NEED STRONG ATTENTION…..

      • lvent says:

        I would like to retract my statement I don’t believe people choose to be homosexual. I don’t believe it is a choice and therefore they should not be descriminated against….

  5. see says:

    These guys can whistleblow all they want, but there will be no victory until each and everyone of those ciminals get sent to prison. And it seems like we will have a long wait time until justice prevails–if that is even possible. They can kick you out of your home in no time, but those guys being charged for crimes against the taxpayers will take years, if at all. I hope that future whistleblowers get good security for themselves and their families.

    • lvent says:

      See, they can only get away with what we allow them to get away with…We do have rights and laws that protect us from that tyranny. They are just being hidden by the FORECLOSURE-GATE… As far as criminal prosecutions go I think they will come…then they will probably be dropping like flies like Ken Lay…….and retire to their overseas bankster accounts to a life of luxury……under new identities….

  6. John Anderson says:

    This explains a lot, the reasons that our governmental agencies have not done their duty.
    Only the full blown revolution that is coming, will restore justice in America.

  7. talktotennessee says:

    No wonder the powerful banking industry thought they were immune to legal action and are now seeking to gain ‘permission’ from the government to continue foreclosure activity and to profit from forgery, fraud and deception.

    • lvent says:

      talktotennesse, the dirty bastards, the New World Hoarders and all of their evil minions never thought they would get caught….but they did, thanks to some honest Americans…who love this country and love freedom and hate tyranny!!!!!

  8. Igor says:

    I emailed the IG of this government agency w/ attachments. I was told to contact my Senator, the same Senator whose office sent incriminating documents to this guys boss rather then the IG, effectively tipping this thug off. He has since been covering up the ID theft trail of evidence.

  9. lvent says:

    WOW!!!! That is why it this is called Foreclosuregate……this is a massive cover up of a plan by the New World Hoarder, the ruling elite to steal everything from the people…with no proof they own any of it…because they DO NOT OWN ANY OF IT..

    • lvent says:

      Now the pretender lenders must rescind, because of their giant mortgage fraud Ponzi Scheme and be forced to give clear title to the homeowners and all of the stolen homes back to the homeowners with monetary restitution…..This was the biggest swindle and heist of MAINSTREET’s wealth to WALL STREET to the RULING ELITE in history and they are all greedy pigs.. They never thought they would get caught, but they did thanks to some really honest people. Now it is payback time for all of these dirty crooks..Thank you Matt Taibi you are a true American patriot as well as 4closurefraud and Foreclosure Hamlet!!!!!!!

  10. abs says:

    Our goverment is a PONZi (SHAM). and they keep raping the american tax payer.

  11. xxxx says:

    It was Just a matter of time. LOVE IT!!!! And they are the watchers of the crooks, yep they are, Fannie, Freddie, SEC, Banks, Wall Street and yada yada yada. I kinda think they are all related family idiots.
    SEC attorney named Darcy Flynn hopefully will start out new and bet will get lots of mula for standing strong and speaking out, awesome that someone came forth.
    Do not RIP SEC as we are not. Still watching and learning. THANK YOU 4CLOSURE THANK YOU!!!!!!!!!!!!!!!!!!!!
    I truly can not say that enough to express the gratitude.

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