Comments on: Promontory Decides to Reinvest Part of its $1 Billion of Ill Gotten Gains from Botched Foreclosure Reviews By Buying/Hiring Former SEC Chief Shapiro https://4closurefraud.org/2013/04/02/promontory-decides-to-reinvest-part-of-its-1-billion-of-ill-gotten-gains-from-botched-foreclosure-reviews-by-buyinghiring-former-sec-chief-shapiro/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Tue, 02 Dec 2025 20:06:02 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: marilyn https://4closurefraud.org/2013/04/02/promontory-decides-to-reinvest-part-of-its-1-billion-of-ill-gotten-gains-from-botched-foreclosure-reviews-by-buyinghiring-former-sec-chief-shapiro/#comment-409376 Wed, 03 Apr 2013 18:09:47 +0000 https://4closurefraud.org/?p=58532#comment-409376 In reply to Sarah.

I agree…According to everything I have read it appears the average payout will be $250. To think this will help ease the pain of an injured homeowner is crazy. That may pay for a weeks worth of groceries not for the cost of losing a home. The independent foreclosure review only lined the pockets of the consultants costing almost half the money available to compensate those who lost their homes. Now Promontory hires Shapiro hoping she will enable them to essentially get away robbery……It is UNCONSCIONABLE!

]]> By: Sarah https://4closurefraud.org/2013/04/02/promontory-decides-to-reinvest-part-of-its-1-billion-of-ill-gotten-gains-from-botched-foreclosure-reviews-by-buyinghiring-former-sec-chief-shapiro/#comment-409338 Tue, 02 Apr 2013 15:29:08 +0000 https://4closurefraud.org/?p=58532#comment-409338 High speed revolving door. It must be rough working at the OCC, since they are employees of Promontory. In fact, if one looks close enough, and with the right amount of cyncism, most agencies do in fact have a for-sale sign. Bribery, purchase of office, favoritism, nepotism, promotion by “so-called” merit, it’s tough to say how extension corruption and rot have become, but indications can be taken from the assault on the middle class. Debt, unemployment, impossibly expensive housing. This results from the festive, atrocious exhibitions we read about daily. Imagine what one billion to actually assist homeowners, or anyone who needs housing would do.

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