“While Attorney General Bondi will continue to participate in the multi-state settlement discussions, she looks forward to reviewing any alternative plan developed by Attorney General Pruitt”
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AG Bondi interested in alternative settlement with banks
by Kim Miller
Florida Attorney General Pam Bondi said she’s interested in reviewing an alternative bank settlement proposed by Oklahoma Attorney General E. Scott Pruitt in lieu of what is being hammered out by the leadership of the 50-state attorneys general.
Pruitt said last week he asked his attorneys to prepare an option that does not require servicers to pay at least $20 billion in fines and use the money to reduce the principal amount on mortgages of borrowers who owe more on their loan than their home is worth, according to a Washington Post article.
Bondi joined a handful of other Republicans last month in a letter expressing concerns about how a proposed settlement with the nation’s banks regarding foreclosure abuses could force them to reduce loan amounts.
On Thursday, Bondi said she’s interested in reviewing Pruitt’s plan.
You can check out the rest here…
Yea, “an option that does not require servicers to pay at least $20 billion in fines and use the money to reduce the principal amount on mortgages of borrowers”
So instead, she will support a alternative settlement which requires the banks to pay her millions in “penalties.”
Kind of like the settlement with the Marshall Watson…
Just wait and see…
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4closureFraud.org
At last, a website that knows what the +++ “it’s” talking about.
Here’s the deal (read it and then wonder why demonstrations are turning into riots on Wall Street and around the country:
Bob the Banker loans Fred, a husband and father, some money to buy a house and takes the house as security for the “loan,” telling Fred that at some point in the future he will either have to pay back all the money that is falsely “owed,” or he will pretend to have the right to take the house away from Fred to make his bank whole. Fred signs up and starts making a life for himself and his family.
Banker Bob then partners up with his rich buddies on Wall Street who conjure up a slick scheme for avoiding spending a single dime to make millions off of other “naive mooches” like Fred. Bob and his buddies fake some documents, forge a few, lose a few, and broker all their loans to their “other buddies” on Wall Street who have a multimillion dollar, sure-fire scam going on whereby they can easily feed their insatiable appetite for mortgage loans (any loan, good or bad will do because the buyers don’t know the difference) to attach to “falsely securitized overseas stock purchases.” (Whoa! What a deal! My stock loses value, I get the real estate instead, and that can’t lose value…gimme a bunch of those!”)
After a while, the phoney trillion-dollar stock scam is discovered, fails and a global chain reaction ensues causing ultimately Fred’s employer along with thousands others to fail and Fred gets let-go. The now unemployed Fred can no longer pay for the loan that Bob never actually made, and he can’t get another job because the same thing is happening to millions of other unemployed people scrambling for the same job and who are also losing their homes for the same reason.
So Bob just grins (showing his fangs and dripping a little spittle from the sides of his mouth), takes Fred’s ‘s house; puts his family on the street with no where to go, then sues him for the rest of what he says he’s owed — because he unknowingly (perhaps) made sure, with his complicity and greed for quick cash, that the house couldn’t be worth enough to pay him off and he would have to take it. In such a transaction Fred never spent a gd dime or had any ownership or right to foreclose or act on behalf of the true holder in due course (Sung Ling Ching-Dong Ding in Beijing and his1,000 co-stooges, all of whom bought into the same bogus securities scam perpetrated by thousands of equally clulpable and crooked ‘Bobs’ and their cronies across the country and around the world).
Oh yeah: After Fred and his family are kicked onto the street with their belongings because of the fiasco that all the ‘Bob’s’ caused due their/his (his bank;’s) greed, Bob not only forecloses, but sells the property at its true value, applies for his FICA and insurance pay-off, then files a lawsuit against Fred for a Deficiency Judgement (in order not to be hurt by the deficit between the sales price and what was owed on a phantom “loan” that Bob never made, and which was paid off in full for Fred on the day it was supposedly generated (Bob was paid by the secondary market, the secondary market got paid by Wall street; Wall Street Got paid by the Chin LIng Ding Foundation) and that group got paid by being given the the right to take the property and sell it…except for the fact that Bob beat them to it and put all the proceeds in his bank’s reserve account (while he looks for the true payee…and the real OJ Simpson killer), against which amount the government allows him to loan out 10 times the reserve funds (a 200K house now becomes 2 million dollars than can be loaned out).
Now…who wins in this scenario? The duped or the duper? ‘Ever wonder why, in such an economy, banks like B of A, JP Morgan Chase, Deutsche, CitiBank, SunTrust and so on are posting earnings in the double-digit billions of dollars?
I lost my house this way, but I now have 168 clients who WILL prevail against the B#$%^@s and either keep their homes or get full monetary restitution for what has been criminally taken from them.
Bill Gatten
Today on Matt Weidner’s blog, he urges people to e-mail or call Pam Bundi’s office
http://myfloridalegal.com/contact
My e-mail to this bank owned whore.
Dear Pam Bondi,
I am upset by your lighthanded approach to the fraud that banks and foreclosure law firms have so far gotten away with in this state.
As the chief law enforcement officer in Florida, and a member of the Florida Bar, your duty is clear. To do anything less than full prosecution on those who would, fabricate, and use fraudulent documents in court proceedings is a violation of your oath as a officer of the court, and Attorney General of the state of Florida.
We are in troubled times, and the public needs to know that the law applies to all, great and small. If rule of law, is perceived as rule of the rich, then civil unrest and revolution will be the result.
Do you think Judge Judy would rule in favor of a plaintiff or defendant who produced a fraudulent document to win their case? NO! because it would violate the”CLEAN HANDS DOCTRINE” that no relief shall be granted to a party who engages in unlawful activity.
I ask that you do your duty.
JOHN…THUMBS UP TO YOU…….So far…I and others take Ms. Bondi as a FOLLOWER….NOT A LEADER. It apppears she follows other AG’s suggestions and sits back with noithing to offer when in fact…these AG’s saw the frauds…crimes right in front of them…yet she falls for SETTLEMENTS …DO NO GOOD FOR THE VICTIMS….GET WITH IT MS. BONDI….ARE YOU WITH THE PEOPLE OF FLORIDA OR THE BANKSTERS…MAKE UP YOUR MIND. DON’T WASTE OUR TIME….WE WILL NOT SETTLE FOR $$$$…WE WANT THE FRAUDSTERS PUNISHED FOR THE CRIMES….FRAUD BY THE MILLIONS DONE IN ALL FORECLOSURES AND COURTS …. PRISON….NOT $$$$. SETTLEMENTS ARE A FORM OF BRIBE…A CHEAP WAY OUT…..IN CASE YOU AS CHIEF LAW ENFORCEMENT NEED SOME HELP….GO TO THE CEO’S AND THE PEE-ONS WHO FOLLOW UNDER THE CEO’S AND THAT IS WHERE THE ARRESTS START…. ORDER’S GIVEN OF FRAUD START AT THE TOP…AND SERVICERS ARE JUST AS GUILTY OF THE SAME CRIMES…….DO WHAT YOU WERE ELECTED TO DO OR CONSIDER YOURSELF A LAME DUCK.
It sure did not take Bondi long to prove she is a Mills lawyer at heart with AG after her name….Banksters association must have gotten her in office….I do not agree with anything these AG’s come up with….that is not what the people told them to do……What is so hard for them to understand ?….Or has fear set in to not step on the criminals toes…..Either do the job the law enforcement way….the legal way…with the DOJ who have been hiding behind closed doors…or get the hell out of office. Frig the waste of time trying to come up with ways to shut us up…cause it won’t happen….Bondi screwed up on Watson….she screwed Florida. Can you trust her now? Hell no….Either you are with the people of Florida or you are not with us…make up your mind. Ms. Bondi……but don’t feed us a line of BS….we are all watching you…..And Ms. Bondi…..Tom Miller said ‘ there would be jail ‘….what happened to that? Bring that up when you all are having tea and crumpets together….with the banksters…..let’s get the show on the road…..enough time has been wasted.
Didn’t everybody already know that Pam Bondi would sell us down the river! Weeeellllllllll………………
Does anyone really believe that the banks would use the money to reduce the principal of the loan for the people who are underwater? This would only help/or not present homeowners. What about all the other homeowners who have lost their homes to fraud? You kind of wonder what is rattling in their heads. These servicers need to be fined big time and $20 billion is chump change for what the banks have done to the American people. Unbelieveable.
John, I second your statement !
What did you expect? She is a Republican. And she is a shyster fox lawyer. Did we expect more? This woman cares nothing about the rule of law why then expect the Lee County foreclosure cult to be of a different kind? Remember, ya’ll you throw your votes to the enemy like idiots. She was not made to come to the side of the people in this foreclosure mess. Why think she would do it on her own? Do you really think this woman has that kind of character and morals? She is there for us but she is there for the bankers. They get access to her by phone, email, and as walk-ins and we cannot even get an appointment. Oh well, keep fighting in the courts people. Keep taking down names. Keep sending our reports how shyster they are. And if you can who they are sleeping with.
She’s too busy going after K2 and bath salts, than going after little issues like this…
Florida Attorney General Pam Bondi is just another bank owned whore.