CREDO Sends Letter Backing Up Schneiderman in Foreclosure Fraud Fight

Firedoglake just posted the letter…

CREDO rightly points out that the robo-signing scandal which was the main impetus for the 50 state AG investigation was really just a symptom of fraud, as well as fraud itself. The real problem for the banking industry is that they committed major errors when securitizing loans, improperly creating mortgage backed securities and confusing the chain of title on millions of homes. To date, no comprehensive investigation has been undertaken to determine the scope of this problem, so that a proper punishment for breaking the private property system of the country can be meted out, in both a criminal and civil capacity.

Dear Friend,

The notorious robo-signing scandal is just the tip of the iceberg when it comes to wrongdoing by the mortgage industry. And New York Attorney General Eric Schneiderman is one of a handful of state attorneys general standing up to make sure the Wall Street crooks who illegally cheated millions of people don’t get a free pass.

But the Obama administration and federal banking regulators are pressuring Attorney General Schneiderman to back down and accept a settlement with the major mortgage firms that would impose no criminal penalties for breaking the law.

As the Attorney General of New York, Eric Schneiderman has a unique opportunity and a unique obligation to stand up for the victims of unscrupulous Wall Street firms. And the Obama administration and federal regulators should stop trying to strong-arm him.

Tell the Obama administration and federal banking regulators that you stand with Attorney General Eric Schneiderman and attorneys general like him who are fighting to hold banks accountable for criminal activity.

Through congressional hearings and investigative reporting, we know of numerous stories of big financial firms engaging in shady mortgage practices, many of which seem on their face to violate various laws and regulations.

Yet the New York Times reported that Shaun Donovan, the secretary of Housing and Urban Development, and various officials in the Department of Justice are pressuring Attorney General Schneiderman to accept a settlement before any significant investigation into these violations take place.

And what’s particularly galling is that the proposed settlement amounts to little more than a slap on the wrist to the people who profited massively from driving our economy off a cliff.

In exchange for fines and industry reforms (most of which arguably simply restate duties the banks already have), nobody goes to jail.

If we cave on the settlement, we send the message to giant financial firms that it’s okay to rip off millions of people and make obscene amounts of money doing so. Civil penalties will simply be part of the cost doing business, the law be damned.

Tell the Obama administration and federal banking regulators that you stand with Attorney General Eric Schneiderman and attorneys general like him who are fighting to hold banks accountable for criminal activity.

It’s incompatible with the health of our democracy to allow wealthy and powerful people off the hook after they have caused massive and widespread suffering. But at least one federal regulator seems to think Attorney General Schneiderman has a positive duty to do so.

Kathryn Wylde who sits on the Board of the New York Federal Reserve Bank and whose job it is to explicitly represent the public, unbelievably told the New York Times without any hint of shame that she told Attorney General Schneiderman:

“It is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it. Wall Street is our Main Street — love ‘em or hate ‘em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”

This is wrong on so many levels, it’s hard to articulate.

Fortunately, Attorney General Schneiderman isn’t buying it. But now that he’s being attacked for taking a stand, he deserves our support.

Tell the Obama administration and federal banking regulators that you stand with Attorney General Eric Schneiderman and attorneys general like him who are fighting to hold banks accountable for criminal activity.

Thank you for speaking out.

~

4closureFraud.org

Comments
38 Responses to “CREDO Sends Letter Backing Up Schneiderman in Foreclosure Fraud Fight”
  1. John Anderson says:

    Praise and respect for Attorney General Schneiderman who is only member of the 50 state AG coverup and forgive, investigation, but he is the most important one, as Wall St, and many banking headquarters, and the rating agencies are within his jurisdiction.
    What we have here, are economic terrorist who are aided by groups within our government, who are creating and endorsing governmental anarchy, where government fails to do its duty, as to enforcement of regulations, and requirements, and the courts, who are refusing to follow the civil rules of procedure and the law itself. The police refuse to take action against the banks even when agents for the banks break into a home and steal the contents of the owner, who has no mortgage, the police call it a civil case.
    So what to do?
    Study history. And be prepared to act, when the time is right.

  2. housemanrob says:

    STOP PAYING THE BANKSTERS……STOP NOW, THERE IS NO REAL CREDIT ANYWAY. BANKS WILL HAVE ZERO CASH FLOW AND WILL GO BROKE! THERE ARE GOOD CREDIT UNIONS OUT THERE. BANKSTERS LOSE….WE WIN…..END OF STORY!

    • lvent says:

      Yes Rob, it is all about the INTEREST AND THE FEES WITH THE BANKSTERS..They “lend” the electonically derived wealth BACKED BY NOTHING, to us at interest but they borrow from the FEDERAL RESERVE at ZERO…IT IS A/K/A EXPONENTIAL COLLATERAL FRAUD..THE FEDERAL RESERVE IS A MASSIVE COUNTERFEITING RING….!!!!!!!.I am sure everyone here remembers the Beverly Hillbillies where Mr. Drysdale and Miss Jane were always courting the Clampetts out of fear they would remove all of their money from the bank…….THE MONEY AND THE GREED, THE GREED AND THE MONEY……

      • I vent….I have to laugh…not sure on this..but remember when a security strip was put into the paper money to prove counterfeit or not….Is that still there? My money don’t last long enough to see if it is. Can you imagine the world’s biggest counterfeiter of a massive ring…trying to catch other counterfeiters of the same crime they are guilty of…….what asses….And to lend money to the banks at zero interest….that alone sends the red flag for all to see….that the money was not worth a penny…..cause it was counterfeit money. To top it off the paper money has the FLAME all over it…that flame is against us….time to tow the statue of liberty to the deepest part of the ocean. Have you read up on that? That fries me…my 8 year old grandson was learning about the statue in school and each kid made a paper mache copy of the statue. I flipped out. I told my daughter when teacher meeting comes…for her to tell the teacher we don’t send our children to school to learn false facts.

      • housemanrob says:

        I have a plan, an exercise if you will………..I am sending letters to my previous servicers……. that I am acting as a debt collector and…………like they do, i am inundating them with demands for all of my investment and losses to be fully recovered! What makes them think I owe them……….when they owe me! It is obvious who owes………I have been in foreclosure 8 months now and……….Fanny and their escapees from hell, have answered ZERO of 21 interrogatories for discovery! My next hearing will come shortly for 4th dismissal only! Now, tell me! Who is hiding from who?

      • lvent says:

        Right on Marilyn!!! The ruling elite have had a giant game of monopoly going on with their monopoly money for decades and we allowed that and conformed to that while they were preparing for our demise and hoarding all of the wealth for themselves….This is definitely wake up call for America and the world….!!!! I will try to post this video. This is like the serious version of what George Carlin was trying to tell us… There are 3 parts but part 2 is the video i am going to try to post because It really explains all of their evil plans in nutshelland the best way to fight back is to STOP CONFORMING……… If for some reason it does not post, you tube search the title: New World Order Illuminati How To Fight Back-Part 2:

  3. Igor says:

    What does Scranton Pennsylvanian got to do with this?

  4. Igor says:

    TO BIG TO FAIL?, NO!, TO BIG TO FUNCTION!

    • Igor says:

      I think we are watching the end result of the intentional introduction of disruptive technology into the corporations. This technology, be it inventory control, accounting software, MERS, etc was specifically designed to corrupt the accounting, that is to say, make it impossible to account for inventory, in all forms, including deeds, notes, mortgages, toilets, lawn mowers, auto parts, etc. Thus, an internal ‘theft’ ring of huge proportion, that crossed over into many industries. and was able to commit various frauds, from larceny, to theft of funds, etc with no visibility. By design, ‘The right hand did not know what the left hand was doing’. This is just a theory.

  5. Charles Fetters says:

    Email your AG. Remind them they can be voted out. They are your employee.

    • OH pleezeeee…..E mail Pam Bondi / florida ? She could care less…in fact..she cares none. I believe all her e-mails are floating in space….she does not answer them and if she does..it’s generic..nothing to do with what you are telling her…she is riding the backs of the bankers and does not hide it…it took a matter of a few months and we all knew she was disaster waitting to happen….you just wished you could put her out on rubbish pick up day by the curb. Ya…someone voted her in..not me…but to tolerate her for the rest of her term is enough to make one puke. She is a very poor example of Chief Law Enforcer of the State….aiding and abetting with the criminals……..

      • incognito123 says:

        Marilyn, I agree she could care less, etc, BUT, as my one “teacher” tells us, “we must make the record” which means filing emails, letter, complaints, etc. Will many (most) be ignored, yes. But if only one or two complain, then your just whiners in their view. But 50-75-100 more do it, they must take notice, so COMPLAINTS MUST BE RAMPED UP BY US ALL!!!

      • housemanrob says:

        Marilyn… Pammy is incredibly arrogant……and that by itself, will bring her down! Obviously career oriented, she does not realize that she too is expendable and therefore finished………washed up…….kaput.

  6. Larry Okarski says:

    K. Wylde makes $448,000 a YEAR from a Non- Profit Organization- doesn’t that say something?????

  7. northlight says:

    AND THEY ARE NOT LABELED TERRORISTS…WHY?

    THERE IS MONEY THERE TP PROSECUTE

    THEY HAVE DONE MORE DAMAGE TO THE US THAN ALL THE OTHERS COMBINED

  8. northlight says:

    THEY HAVE DONE MORE DAMAGE TO THE US THAN ALL THE OTHERS COMBINED

    • It is insider trojan horse terrorism. And you are right. I believe they have done more harm than any war.

    • lvent says:

      northlight, Max Keiser has the perfect name for them, FINANCIAL TERRORISTS…….They are using weapons of financial mass destruction because they own and control the majority of the worlds currency and their Gold..They also own Wall Street and can manipulate everything…..like insider trading and crash the markets intentionally….See you tube video CNBC ILLUMINATI CRASHES STOCK MARKET…..THIS IS A HITLER PLAN……We must issue our own currency backed by Gold or Silver to free ourselves from this fascist NWO tyranny…
      http://maxkeiser.com/

  9. lvent says:

    Wall Street is our Mainstreet…Is that right? Bullshit….Freeze their overseas bankster accounts and give their ill gotten gains back to MAINSTREET and then.throw the crooks in prison for life!!!! Rescind the fraudulently induced loans and give clear title back to the homeowners and all of the stolen homes with monetary restitution for the biggest collateral fraud Ponzi Scheme Swindle and Heist of MAINSTREET’s wealth in history!! Burn baby burn!!!!

    • lvent says:

      Wall Street is an unregulated runaway train and a cancer on the world. 40 trillion in collateral fraud backed by ZERO and the MSM is still blaming MAINSTREET!!!!!….the MSM is a disgrace and are owned by these Wall Street crooks….They are covering up the truth from the sheeple..THE MSM IS FORECLOSUREGATE,,,,THEY ARE ALL A DISGRACE..But without a doubt, FOX is the worst……..With the exception of Dylan Ratigan there is no one talking about the 40 trillion in collateral fraud that Wall Street rang America up for…THEY TOOK UP TO TEN MORTGAGES OUT ON ONE HOME!!! WTF!!!!!!!!!…CNN had one honest show, In The Arena with Elliot Spitzer but they canned Spitzer who called Wall Street out all the time on his show and had Matt Taibi on his show regularly…The MSM don’t deserve any ratings, they deserve to fail for being traitors and trying to dumb down the public from the truth about the massive Ponzi Scheme robbery of our wealth and homes and how it was all a Hitler Plan by the ruling elite to steal everything from the people and leave us all peasants holding the false 40 trillion dollar bag of debt….They never thought they would get caught but they did and the MSM should do the right thing and tell THE TRUTH…There is more TRUTH on RT new, (Russia Today news) than on MSM…They are all traitors, Wake Up America, they are stealing your country right from under your nose!!!!

      • You are so right! Every step every move was to take over this country and turn us all into peasants. They did not miss one heart beat. On Stopforeclosurefraud.com there are two articles about Fannie and Freddie. That these two made sure to deregulate the mortgage industry. And Fannie owns all the notes. If Fannie owns all the notes why are the deeds of trust in the originators names or the and falsely assigned to the debt collectors from the debt collectors. They set up MERS. and produced law ten years ago to make sure our regulators were legally not able to regulate anything. The law is mentioned in the Wall street and the Financial Crisis;anatomy of a financial Collaspe”, I dont have it right now. It is in there. Our regulators and our bought politicians set this law into place to steal our homes, with no legal recourse. Maybe thats what they “pun” mean by without recourse.. The Frank Dodd Act was to undue this atrocity. We have been duped every micro inch of the way. Anonymus is asking for citizens to fill the streets on Wall street on a September day he has listed on the web. I believe it is September 17, but check it I dont want to steer anyone wrong. The banks have done enough of that to us. The Wall Street and the financial crisis, has e-mails of the banksters bragging about steering us into risky default loans by teaser rates and a big surprize soon to follow, and preplanned defaults and duping the investors to purchase the defaults called pig and crap mortgages. Laughing at duping their clients and the borrowers. Laughing all the way to the bank. And then betting on the defaults with insider trading knowledge of their own crap mortgages set up for default. to profit on the stock market, the insurance companies, and steal from the unknowing trusting investors and then steal for the unknowing trusting borrowers. Steering everyone all of us in harms way. For profit. They sold their souls to the devil and sold us out..

      • I vent…Something I cannot understand…the World Bank is part of the UN system and headquarters are in Wash.DC…and the President is always a U. S. citizen..nominated by the U.S. President….and the U. S is the LARGEST share holder by far in the World Bank…why are WE in debt.? The United States is… We the People…so WE are the largest share holders in the World Bank. And the World Bank does make a profit. This leaves a big question….why is there debt hanging over OUR heads….where is the profit as a share holder? Who is getting the profit? It surely isn’t We the People……and this bank opened in the mid forties. This is the bank that rumor has it that Hillary Clinton was going for a job…to be president of…. that is roughly 65 years …and it appears this country controls that bank. I sure the hell would like my share of the profit for 65 years….don’t you?

      • lvent says:

        Marilyn,That is a good question. The Vatican owns the World Bank and everyone else is just a shareholder. Shareholders don’t actually own the bank they just hold an interest in the money flow. Just like the mortgage loans, they don’t own our mortgages or our homes, they own an interest in a money flow. The IMF (the vatican owns that to) is the biggest shareholder in Fannie Mae but they don’t own our loans or our homes either…It is a tricky as the Federal Reserve prints the money and the Vatican horders own that to. That is the argument for issuing our own currency backed by silver or gold. With the interest off of that money (that is where the money is made in the interest) the U.S. Government would collect off of that money flow and we could get out of the manufactured debt tyranny they have created in a hurry..That is what J.F.K wanted to issue the UNITED STATES NOTE backed by silver and that is not the only reason but one of the reasons why the Vatican ordered him killed…J.F.K. Jr. was about to come out and say the bankers killed his father in his magazine George and they killed him to…He who hoards the gold makes the rules I guess…We need to issue our own currency in order to pay down our debts.. They have us in the proverbial trick bag. An investigator from the AG’s office told me 4 people own everything..They have way to much power because they issue the currency..that is dangerous as we are all finding out and does allow them to try and force us to do things we don’t want to do like be microchipped…As Ron Moss is always saying Congress must issue our currency..That is the only way to free ourselves from this NWO tyranny……ALL ROADS LEAD TO ROME…

      • lvent says:

        I just want to add the Vatican owns and controls everything via proxies…like Goldman Sachs for example, the bankers and so on….

      • lvent says:

        Shelley, I know you agree that there is way to much power concentrated in the hands of a few…4 entities own and control everything and all roads lead to Rome….Money,Power and Greed is what this Hilter plan is all about. This is like the last
        Great Depression on steroids, exponential fraud is what some experts are callling this mortgage fraud Ponzi Scheme….40 trillion in collateral fraud is what they rang us up for, all of that FRAUDULENTLY INDUCED DEBT…He who issues and controls a nations currency and hoards the gold controls those nations…America needs to issue its own currency and remove itself from the grips of this fascist NWO tyranny.

      • lvent says:

        I think it was Lloyd Blankfein of Goldman who said he is doing God’s work…Matt Taibi in his Rolling Stone article said that this cover up is the ultimate papal indulgence..But remember to them black is white and white is black..They are in reality doing the devil’s work……I have no sympathy for the devil and he is definitely in need of some restraint..Congress must issue our own currency….People should be marching on Washington demanding our Constitution be upheld and we issue our own currency backed by silver or gold… This is urgent….and as George Carlin says people are blissfully ignorant…We The People must exert our Constitutional Rights or we will have none. An attorney told me the banks are protected by OUR CONSTITUTION from the Government..The American people must realize that these are all foreign owned and controlled banks….Just as with the politicians we can take nothing at face value…We must find out who are THE OWNERS, THAT IS THE KEY TO UNDERSTANDING EVERYTHING….who contributes to their campaigns and what “organizations/secret societies: do they belong to and what their investments are and that is who they work for…….Obama is a member of the U.N. and Goldman Saks, George Soros and the big banks all contributed to his campaign…Goldman was his largest campaign contributor…..WAKE UP AMERICA, do your homework……. George Carlin was spot on in his video when he said STOP VOTING for these rich c–k s—kers who don’t give a f–k about you..
        George Carlin Video:The Truth about Wall Street and Washington:
        http://dailybail.com/home/george-carlin-video-the-truth-about-wall-street-and-washingt.html

      • I vent..I realize share holders do not own the bank….but I find it very strange that the U.S. President has so much say/ control in it…is suppose to be one of the largest share holders…the head quarters is here in the U.S…..unless there are silent share holders. But if facts are as facts claim…..and our money is in shares….with no gain for this country….than this issue is feeding our own problem…..it is not the debt hanging over our heads… it’s the rope. I see 2 countries have dropped out of it and others are not in it….if you can follow what I say. And the only way to clean the slate is to have our own currancy and control. So for the years since World War 11….this country has been it’s own enemy..unbeknown to the people….treason. All roads may lead to Rome but this side road leads to Washington….the ones who have worn the mask. We must end the Federal Reserve…..

      • I vent…..It comes down to the march..protests must be in Washington…..millions need to swarm the place. Washington IS our enemy….against us……loss of jobs..fake wars to cause debt…and now fraudclosures of the whole country plus numerous other issues…this tells the people the real enemy is our government….. there has been nothing done for the job problem…the fake wars continue….and in no way would a whole country face foreclosures…NO WAY….and not a word from the president or congress…DEAD SILENCE.
        We need to be heard..we need action…we need it now. We need to go after the TREASON….the enemy who has caused all our pain and suffering. And this includes the past enemies who now live in luxury….Bush Sr.,Bush, Clintons, they are are members of the ‘ club ‘ that are the enemy….Obama has just gone thru the motions of being president….he has done NOTHING….and he is a member of the UN….an enemy.
        Our own government is a giant ponzi scheme….under the Hitler plan….right under the eyes of millions of people in this country….how does that make the people feel? They are all traitors…all guilty of treason.
        The fact that this country is the largest share holder in the World Bank…owned by the same ‘ secret society’ that owns the Federal Reserve and the TBTF banks…that road leads to TREASON…AND AMERICA MUST TAKE ACTION NOW IN WASHINGTON….WE MUST FACE THE ENEMY.

      • lvent says:

        Marilyn, They own Washington because of money and greed…THE ENEMY OF AMERICA ISSUES OUR CURRENCY…..The Vatican has stolen and they hoard the worlds gold in Swiss Banks…EVERYONE, LISTEN TO THE WORDS IN THE ROLLING STONES SONG, SYMPATHY FOR THE DEVIL…………….I SHOUTED WHO KILLED THE KENNEDY’S WHEN AFTER ALL IT WAS YOU AND ME!!
        WHY DID WE KILL THEY KENNEDY’S??? BECAUSE KENNEDY KNEW IT WAS THE CURRENCY AND THE SECRET SOCIETIES THAT WOULD DESTROY US FROM WITHIN, THE PEOPLE DID NOT KNOW THIS OR EXERT THEIR CONSTITUTIONAL RIGHTS AND KENNEDY STUCK HIS NECK OUT FOR WE THE PEOPLE AND THAT IS WHY HE GOT ASSASSINATED…….WE THE PEOPLE MUST EXERT OUR CONSTITUTIONAL RIGHTS AND DEMAND THAT CONGRESS ISSUE OUR CURRENCY…OBAMA CANNOT DO THAT….IT IS UP TO WE THE PEOPLE TO BE INDIVISBLE…..THE PEOPLE HAVE TO DEMAND THE CHANGE UNDER THE U.S. CONSTITUTION AND THE U.S. BILL OF RIGHTS……PLEASED TO MEET YOU, HOPE YOU GUESS MY NAME, BUT WHAT’S PUZZLING YOU IS THE NATURE OF MY GAME……
        Also PLEASE EVERYONE, share and spread this link DEMOCRACY FOR SALE: DYLAN RATIGAN’S CONSTITUTIONAL AMENDMENT- GET MONEY OUT OF POLITICS…….
        http://dailybail.com/home/democracy-for-sale-dylan-ratigan-constitutional-amendment-g.html..

      • lvent says:

        “Someone” is messing with that link..You can get to this link throught the George Carlin video, it is at the top of the page:
        http://dailybail.com/home/george-carlin-video-the-truth-about-wall-street-and-washingt.html

        There is also an interesting article at the top of the page regarding Goldman Sachs being to big to prosecute….That proves what we are all dealing with here is pure evil…..

      • lvent says:

        PLEASED TO MEET YOU, HOPE YOU GUESS MY NAME, BUT WHAT’S PUZZLING YOU IS THE NATURE OF MY GAME. Who owns Goldman Sachs? Goldman Sachs is one of largest SMOM/VATICAN/JESUIT OWNED BANKING PROXIES IN THE WORLD, THE SMOM/VATIAN/JESUITS OWN IT ALL………..THAT IS WHAT TBTF MEANS……..
        http://dailybail.com/home/goldman-sachs-is-far-too-important-for-criminal-charges-coul.html

      • lvent says:

        A video to share with everyone you can, My Country My Ass video:
        http://dailybail.com/home/my-country-my-ass.html

  10. qwester says:

    Who is CREDO? Tell us, CREDO, how do we influence the FED? Schneiderman needs more than sympathetic posturing. This is way out of our league. Badger your local politicians to push your state AG to join Schneiderman. You cannot reach your AG directly, they have bureaucratic barriers to protect them from us. Your state representative or assemblyman is the best place to start.

  11. Ron Moss says:

    Maggots are still not responsive and need to be Tianticanizes

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