A Fire Sale for Arsonists: The “Revised” Bank Mortgage Settlement Still Stinks

A Fire Sale for Arsonists: The “Revised” Bank Mortgage Settlement Still Stinks

Imagine that a group of arsonists was terrorizing your town. First they’d buy insurance on a stranger’s home, then they’d show up with a blowtorch and a tanker truck filled with gasoline and burn the place down. Imagine that they’ve burned down a thousand homes this way, ruining the lives of the homeowners — and everyone else’s, too, as real estate values plunged and the local economy collapsed.

Now let’s imagine that the Mayor, the DA, and the Chief of Police said they’ve come up with a great “settlement”: The arsonists will pay a small fine, and they’ll never be prosecuted for arson. Plus, if they’re asked very nicely, they’ll also agree to provide a little help to 27 out of the 1,000 families they made homeless — although they’d control the ‘help’ process and the town might wind up footing the bill anyway.

And one more thing: They get to keep the gasoline truck and the blowtorch.

Substitute “country” for “town” and “banker” for “arsonist,” and that pretty much sums up the mortgage fraud settlement that the administration and some attorneys general keep trying to impose on the nation. It’s a sweetheart arrangement that asks for pennies on the dollar, would only help a tiny fraction of those harmed, and would allow the wrongdoers to keep the tools of their criminal trade — making future crimes all but irresistible to the feloniously inclined.

Here are four reasons why California Attorney General Kamala Harris and her colleagues must reject this proposal:

To find out what these four reasons are, click here…



4 Responses to “A Fire Sale for Arsonists: The “Revised” Bank Mortgage Settlement Still Stinks”
  1. Ron Moss says:

    Thank God for Attorney General Harris and while we are on it, Eric Schneiderman as well. When it gets tough. it becomes a burden, Your life might be in jeopardy, but if you took the job and are to prepare for the next one it is your duty, If they can do the crime, I am sure they can do the time. Isn’t that an old Mafia Motto? Lets see if they are ready to do the time

  2. CaitlinO. says:

    Love the Occupy banner! Wish more blogs were flying it.

  3. pendinglawsuit says:

    Formal complaint to the California Attorney Generals Office concerning evidence of Document Fraud against Wells Fargo Bank NA. All of these documents have been filed with the Los Angeles Superior Court under case No. SC112044 and as such have already become a public record.

    Below you will also find three links to the evidence that I have presented to the OCC, the Superior Court and The California Attorney Generals Office.


    Your email to the Attorney General states:

    This is a Consumer complaint against the business/company named below

    First Name: Barry
    Middle Initial: S
    Last Name: Fagan
    City: Malibu
    State: CA
    Zip: 90265

    Company Name: Wells Fargo Bank NA
    Company Address Line: 420 Montgomery Street
    Company City: San Francisco
    Company State: CA
    Company Zip: 94104

    Please click on the following links to see evidence of both document and loan application fraud as produced by Wells Fargo Bank NA.




    Contained within those exhibits, are 3 different versions of an ORIGINAL Deed of Trust, along with multiple fraudulent loan applications.

    Exhibit A is the Deed of Trust as filed with the Los Angeles County Registrar Recorders Office, while Exhibit B and Exhibit C were provided by Wells Fargo Bank as alleged original documents. The magnified version of page 4 all clearly show variations of the same hand written number and is an indication that the original Exhibit A as recorded in the Los Angeles County Registrar Recorders Office has been altered since it was originally recorded.

    Kindly review the additional exhibits to see that Wells Fargo Bank’s entire loan file is wrought with errors, inconsistencies and quite frankly fraud!

    The Law Offices of KUTAK ROCK LLP in Irvine California currently has possession of this altered document and I ask that your agency issue a subpoena for this document so that you can prove that it is indeed different from the original that was recorded and copied in the Los Angeles County Registrar Recorder’s Office.

    This is blatant fraud and our National Banks are acting as if they are above the law and this case gives our law enforcement agencies an opportunity to prove just how much harm these banks are causing our economy.


    Barry Fagan Esq.

    • CaitlinO. says:

      Please let us know how the AG’s office responds to this. Kamala Harris is making the right noises so far, but I’m not convinced she is as dedicated to abandoning the whitewash Miller effort and conducting a true investigation as Schneiderman and Biden.

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