Wall Street Death Watch: Ankle-Biting Begins to Take Toll


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“The chickens are coming home to roost. Reality is catching up with the market riggers (Fed, ECB, PPT, CIA) and the “too big to fail” banks are getting whacked. Trillions of dollars in bailouts and legalized (FASB) accounting fraud cannot save these insolvent zombie banks any longer. The Grim Reaper is on the horizon and his sickle will do what paid off politicians won’t, cut ‘em down to size. So get your silver stake ready, time to plunge it into their vampire squid hearts….”

Execs Hire Criminal Defense Lawyers

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

September 3rd, 2011 | Filed under Economy, Feature, Hot List, News . Follow comments through RSS 2.0 feed. Click here to comment, or trackback.
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By David DeGraw

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Turn On Each OtherFinally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup:

As I reported last week:

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

Time to put your Big Bank shorts on! Get ready for a run… The chickens are coming home to roost… The Global Banking Cartel’s crimes are being exposed left & right… Prepare for Shock & Awe…

Well, well… here’s your Shock & Awe:

First up, this shockingly huge $196 billion lawsuit just filed against 17 major banks on behalf of Fannie Mae and Freddie Mac. Bank of America is severely exposed in this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion. JP Morgan is next in the line of fire with $33 billion. And many death spiraling European banks are facing billions in losses as well.

FHA Files a $196 Billion Lawsuit Against 17 Banks

The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.

Complaints have been filed against the following lead defendants, in alphabetical order:

1. Ally Financial Inc. f/k/a GMAC, LLC – $6 billion
2. Bank of America Corporation – $6 billion
3. Barclays Bank PLC – $4.9 billion
4. Citigroup, Inc. – $3.5 billion
5. Countrywide Financial Corporation -$26.6 billion
6. Credit Suisse Holdings (USA), Inc. – $14.1 billion
7. Deutsche Bank AG – $14.2 billion
8. First Horizon National Corporation – $883 million
9. General Electric Company – $549 million
10. Goldman Sachs & Co. – $11.1 billion
11. HSBC North America Holdings, Inc. – $6.2 billion
12. JPMorgan Chase & Co. – $33 billion
13. Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion
14. Morgan Stanley – $10.6 billion
15. Nomura Holding America Inc. – $2 billion
16. The Royal Bank of Scotland Group PLC – $30.4 billion
17. Société Générale – $1.3 billion

These complaints were filed in federal or state court in New York or the federal court in Connecticut. The complaints seek damages and civil penalties under the Securities Act of 1933, similar in content to the complaint FHFA filed against UBS Americas, Inc. on July 27, 2011. In addition, each complaint seeks compensatory damages for negligent misrepresentation. Certain complaints also allege state securities law violations or common law fraud. [read full FHFA release]

You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

And the suits just keep coming…

BofA sued over $1.75 billion Countrywide mortgage pool

Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how they were made. The lawsuit by the banking unit of US Bancorp (USB.N) is the latest of a number of suits seeking to recover investor losses tied to risky mortgage loans issued by Countrywide Financial Corp, which Bank of America bought in 2008. In a complaint filed in a New York state court in Manhattan, U.S. Bank said Countrywide, which issued the 4,484 loans in the HarborView Mortgage Loan Trust 2005-10, materially breached its obligations by systemically misrepresenting the quality of its underwriting and loan documentation. [read more]

Bank of America kept AIG legal threat under wraps

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of America shares fell more than 20 percent on August 8, the day the lawsuit was filed, adding to worries about the stability of the largest U.S. bank…. The bank made no mention of the lawsuit threat in a quarterly regulatory filing with the U.S. Securities and Exchange Commission just four days earlier. Nor did management discuss it on conference calls about quarterly results and other pending legal claims. [read more]

Nevada Lawsuit Shows Bank of America’s Criminal Incompetence

As we’ve stated before, litigation by attorney general is significant not merely due to the damages and remedies sought, but because it paves the way for private lawsuits. And make no mistake about it, this filing is a doozy. It shows the Federal/state attorney general mortgage settlement effort to be a complete travesty. The claim describes, in considerable detail, how various Bank of America units engaged in misconduct in virtually every aspect of its residential mortgage business. [read more]

Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril

The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes a possible nationwide settlement with the five largest U.S. banks over their foreclosure practices, especially given concerns voiced by other attorneys general, New York’s foremost among them…. In a statement, Bank of America spokeswoman Jumana Bauwens said reaching a settlement would bring a better outcome for homeowners than litigation. “We believe that the best way to get the housing market going again in every state is a global settlement that addresses these issues fairly, comprehensively and with finality. [read more]

FDIC Objects to Bank of America’s $8.5 Billion Mortgage-Bond Accord

The Federal Deposit Insurance Corp. is objecting to Bank of America Corp. (BAC)’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement. The FDIC owns securities covered by the settlement and said it doesn’t have enough information to evaluate the accord, according to a filing today in federal court in Manhattan. Bank of America has agreed to pay $8.5 billion to resolve claims from investors in Countrywide Financial mortgage bonds. The settlement was negotiated with a group of institutional investors and would apply to investors outside that group. [read more]

Fed asks Bank of America to list contingency plan: report

The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation. BofA executives recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit, the people told the paper. Bank of America and the Fed declined to comment to the Journal. Both could not immediately be reached for comment by Reuters outside regular U.S. business hours. [
read more]

Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit

Wow, Jones Day just created a huge mess for its client and banks generally if anyone is alert enough to act on it. The lawsuit in question is American Home Mortgage Servicing Inc. v Lender Processing Services. It hasn’t gotten all that much attention (unless you are on the LPS deathwatch beat) because to most, it looks like yet another beauty contest between Cinderella’s two ugly sisters. AHMSI is a servicer (the successor to Option One, and it may also still have some Ameriquest servicing).

AHMSI is mad at LPS because LPS was supposed to prepare certain types of documentation AHMSI used in foreclosures. AHMSI authorized the use of certain designated staffers signing with the authority of AHSI (what we call robosinging, since the people signing these documents didn’t have personal knowledge, which is required if any of the documents were affidavits). But it did not authorize the use of surrogate signers, which were (I kid you not) people hired to forge the signatures of robosigners. The lawsuit rather matter of factly makes a stunning admission… [read more]

Fraudclosure: MERS Case Filed With Supreme Court

Before readers get worried by virtue of the headline that the Supreme Court will use its magic legal wand to make the dubious MERS mortgage registry system viable, consider the following:

1. The Supreme Court hears only a very small portion of the cases filed with it, and is less likely to take one with these demographics (filed by a private party, and an appeal out of a state court system, as opposed to Federal court). This case, Gomes v. Countywide, was decided against the plaintiff in lower and appellate court and the California state supreme court declined to hear it

2. If MERS or the various servicers who have had foreclosures overturned based on challenges to MERS thought they’d get a sympathetic hearing at the Supreme Court, they probably would have filed some time ago. MERS have apparently been settling cases rather than pursue ones where it though the judge would issue an unfavorable precedent

3. The case in question, from what the experts I consulted with and I can tell, is not the sort the Supreme Court would intervene in based on the issue raised, which is due process (14th Amendment). But none of us have seen the underlying lower and appellate court cases, and the summaries we’ve seen are unusually unclear as to what the legal argument is. [read more]

Iowa Says State AG Accord Won’t Release Banks From Liability

The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said. [read more]

Fed Launches New Formal Enforcement Action Against Goldman Sachs To Review Foreclosure Practices

The Federal Reserve Board has just launched a formal enforcement action against Goldman Sachs related to Litton Loan Services. Litton Loan is the nightmare-ridden mortgage servicing unit, a subsidiary of Goldman, that Goldman has been trying to sell for months. They penned a deal to recently, but the Fed stepped in and required Goldman to end robo-signing taking place at the unit before the sale could be completed. Sounds like this enforcement action is an extension of that requirement. [read more]

Goldman Sachs, Firms Agree With Regulator To End ‘Robo-Signing’ Foreclosure Practices

Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said. In an agreement with New York’s financial-services superintendent, Goldman, its Litton Loan Servicing unit and Ocwen Financial Corp also agreed to scrutinize loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners, the Journal said. [read more]

Banks still robo-signing, filing doubtful foreclosure documents

Reuters has found that some of the biggest U.S. banks and other “loan servicers” continue to file questionable foreclosure documents with courts and county clerks. They are using tactics that late last year triggered an outcry, multiple investigations and temporary moratoriums on foreclosures. In recent months, servicers have filed thousands of documents that appear to have been fabricated or improperly altered, or have sworn to false facts. Reuters also identified at least six “robo-signers,” individuals who in recent months have each signed thousands of mortgage assignments — legal documents which pinpoint ownership of a property. These same individuals have been identified — in depositions, court testimony or court rulings — as previously having signed vast numbers of foreclosure documents that they never read or checked. [read more]

JPMorgan fined for contravening Iran, Cuba sanctions

JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan, and the former Liberian government, the US Treasury Department announced Thursday. The Treasury said that the bank had engaged in a number of “egregious” financial transfers, loans and other facilities involving those countries but, in announcing a settlement with the bank, said they were “apparent” violations of various sanctions regulations. [read more]

This Is Considered Punishment? The Federal Reserve Wells Fargo Farce

What made the news surprising, of course, was that the Federal Reserve has rarely, if ever, taken action against a bank for making predatory loans. Alan Greenspan, the former Fed chairman, didn’t believe in regulation and turned a blind eye to subprime abuses. His successor, Ben Bernanke, is not the ideologue that Greenspan is, but, as an institution, the Fed prefers to coddle banks rather than punish them.

That the Fed would crack down on Wells Fargo would seem to suggest a long-overdue awakening. Yet, for anyone still hoping for justice in the wake of the financial crisis, the news was hardly encouraging. First, the Fed did not force Wells Fargo to admit guilt — and even let the company issue a press release blaming its wrongdoing on a “relatively small group.”

The $85 million fine was a joke; in just the last quarter, Wells Fargo’s revenues exceeded $20 billion. And compensating borrowers isn’t going to hurt much either. By my calculation, it won’t top $20 million. [read more]

Exclusive: Regulators seek high-frequency trading secrets

U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes. The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA’s market regulation unit. [read more]

And here’s part of the Collapse Roundup I wrote on August 25th, referenced in the beginning of this report – as you will see, I would probably make a lot more money as an investment adviser:

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceTime to put your Big Bank shorts on! Get ready for a run

The chickens are coming home to roost. Reality is catching up with the market riggers (Fed, ECB, PPT, CIA) and the “too big to fail” banks are getting whacked. Trillions of dollars in bailouts and legalized (FASB) accounting fraud cannot save these insolvent zombie banks any longer. The Grim Reaper is on the horizon and his sickle will do what paid off politicians won’t, cut ‘em down to size. So get your silver stake ready, time to plunge it into their vampire squid hearts….

What about Warren Buffet? He saved Goldman Sachs with a bailout in 2008. Can he save Bank of America?…

Warren’s bailout will help BofA over the short run, but $5 billion is just a drop in the bucket when it comes to their problems. The only thing his $5 billion will accomplish is a temporary run up in stock value so everyone who has been killed on the plummeting stock price can then jump out without complete loss….

Trouble a-comin’…

Goldman Sachs TANKS After CEO Lloyd Blankfein Hires Famous Defense Lawyer

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceIs the Goldman Sachs CEO facing a new lawsuit?

The market seems to think so. Goldman Sachs just tanked in minutes before the close after news that Lloyd Blankfein hired a lawyer famous for defending vilified execs. It’s back up a bit since dropping over 5%, but the news is still concerning.

It’s unclear whether the lawyer is for him, Goldman Sachs, or both, but Goldman Sachs’s CEO Lloyd Blankfein hired Reid Weingarten, a high profile defense attorney who says “I’m used to these monstrously difficult cases where everybody hates my clients,” according to Reuters.

Reuters says the hire might have something to do with accusations of Blankfein’s committing perjury. Or something else:

One former federal prosecutor, who was not authorized to speak publicly, said Blankfein may have hired outside counsel after receiving a request from investigators for documents or other information. [read full report]

Speaking of hiring lawyers…

The Global Banking Cartel’s Crimes Are Being Exposed Left & Right…

Blowing Up In Their Face… Prepare for Shock & Awe…

BOOM! Moody’s exposed:

MOODY’S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts

A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core.

The analyst, William J. Harrington, worked for Moody’s for 11 years, from 1999 until his resignation last year.

From 2006 to 2010, Harrington was a Senior Vice President in the derivative products group, which was responsible for producing many of the disastrous ratings Moody’s issued during the housing bubble.

Harrington has made his story public in the form of a 78-page “comment” to the SEC’s proposed rules about rating agency reform….

Here are some key points:

* Moody’s ratings often do not reflect its analysts’ private conclusions. Instead, rating committees privately conclude that certain securities deserve certain ratings–but then vote with management to give the securities the higher ratings that issuer clients want.

* Moody’s management and “compliance” officers do everything possible to make issuer clients happy–and they view analysts who do not do the same as “troublesome.” Management employs a variety of tactics to transform these troublesome analysts into “pliant corporate citizens” who have Moody’s best interests at heart.

* Moody’s product managers participate in–and vote on–ratings decisions. These product managers are the same people who are directly responsible for keeping clients happy and growing Moody’s business.

* At least one senior executive lied under oath at the hearings into rating agency conduct. Another executive, who Harrington says exemplified management’s emphasis on giving issuers what they wanted, skipped the hearings altogether. [read full report]

BOOM! The SEC Caught Covering Up Wall Street Crimes:

Matt Taibbi Exposes How SEC Shredded Thousands of Investigations

An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. We speak with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in his latest article….

KA-BOOM! The Fed And All Their Crony-Capitalist Cartel Members Exposed, Yet Again:

Wall Street Pentagon Papers Part III – Are The Federal Reserve’s Crimes Still Too Big To Comprehend?

Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, Banking Cartel's Crimes Blowing Up In Their FaceAnother day, another trillion plus in secret Federal Reserve “bailouts” revealed. Bloomberg News exposes this latest Fed “deal” after winning a long Freedom of Information Act (FOIA) legal battle to get the details on what was done with the American people’s money. Their report runs with an AmpedStatus style headline: “Wall Street Aristocracy Got $1.2 Trillion From Fed.”

The aristocracy is alive and well… thanks to the Fed, of course.

Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now.

Those of us paying attention over the past three years have had Fed crony-capitalism on steroids fatigue for awhile now. Nonetheless, this is deja vu all over again as another mindbogglingly huge story that must be covered comes to light.

Here are the details of this latest revelation:

[read full report]

Speaking of the $16 trillion GAO audit…

BOOM! GAO audit exposed, missing some vital details:

More on how the GAO’s Fed audit failed to disclose some dirty secrets about BlackRock and JP Morgan

In its review of the Fed’s outsourcing practices, it failed to mention the most damaging and suspicious sole-source (no bid) contract awarded to BlackRock, which was for handling the New York Fed’s toxic Bear Stearns portfolio, otherwise known as Maiden Lane. This contract would generate $108,000,000 in fees and was one of the largest awarded during the bailout period, but it might also have saved JP Morgan $1.1 billion in losses from its Bear Stearns acquisition….

Also, BlackRock was also one of the managers of the NY Fed’s separate $1.25 trillion MBS purchase program as part of QE1. Contrary to the lie on the NY Fed’s webpage (that the MBS auctions were conducted via competitive bidding), the NY Fed’s own purchasing manager, Brian Sack, admitted in a paper that, “the MBS purchases were arranged with primary dealer counterparties directly, [and] there was no auction mechanism to provide a measure of market supply.”

Putting it all together, it looks like Jamie Dimon signed off on hiring BlackRock for no justifiable reason to trade the very Maiden Lane portfolio that could have caused his bank, JP Morgan, to lose up to $1.1 billion. And, it was entirely possible that BlackRock saved the portfolio by trading the MBS portion of ML with the New York Fed directly as QE1 was underway. [read full report]

BOOM! Bear Stearns exposed:

Report Says Bear Stearns Executives Sold Illegal RMBS and Covered It Up

Former back office employees from Bear Stearns are coming out of the woodwork to explain how Tom Marano’s mortgage group cheated their own clients out of billions. This week I reported at The Distressed Debt Report, EMC insiders say they were told to make up the classification for whole loans, packaged into mortgage securities, to get them switched out of the trust. By classifying the loans as ‘prepaid’ or having ‘subsequent recoveries’ Bear employees were able to fool the trustee into giving them back loans they were not able to legally service. A move New York Attorney General Eric Schneiderman is actively investigating now.

In my latest DealFlow story we hear from EMC staffers who describe how subprime loans, that would have been sold by Bear Stearns trader Jeff Verschleiser’s team, never had a proper servicing license in West Virginia when they were packaged into the residential mortgage backed security. In 2003 Bear/EMC put $100 million of subprime loans from West Virginia into a few RMBS transactions. EMC, the banks wholly owned mortgage servicing shop, would service all of Bear’s RMBS after they were sold.

A year latter, when senior executies realized the mishap instead of Bear going out and informing their regulator and applying for a license, they orchestrated a cover up and even threaten EMC employees not to talk about it. [read full report]

The big banks are getting lit up!

You shall reap what you sow.

Karma is a … bit@h. [read full report]

Let’s end with this video. We need to keep in mind that the Federal Reserve has known about all of this criminal activity from the start. Yet, they have done everything they could, and are still trying, to keep this criminal operation up and running. As all these criminal banks begin to blow up, let’s not forget who their central bank is and what they have done to the American people.

Cenk, take it away and drive the point home:

– David DeGraw is the founder and editor of AmpedStatus.com. His long-awaited book, The Road Through 2012: Revolution or World War III, will finally be released on September 28th. He can be emailed at David[@]AmpedStatus.com. You can follow David’s reporting daily on his new personal website: DavidDeGraw.org

46 Responses

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  2. Curiously none of Bank of New York, Wilmington Trust, now bankrupt old American Home Mortgage or its reincarnation American Home Mortgage Servicing Inc, nor W.L. Ross & Co. received even honorable mention as contributors. Now this is truly amazing to me What have they done–turned state’s evidence?

    Instead AHMSI [new] is so bold as to sue LPS!!!!

    Brass. Pure brass.

    Of course, the others need to do a house-cleaning so they can get a whole new round of bail outs in the next month as their international scams destroy the European Union with the threatened effect referenced in Financial times yesterday of destabilizing European “Peace” —–and I do not think they are referring to “peace and quiet”. more likely the result of governments like Greece and Italy and Spain facing overthrow reminiscent of 1932.

    As the national govts of these countries default, as the ECB is overwhelmed by funding demands, the foreign banks fail. Nothing big enough to backstop them –somethng like $8 trillion debt. Haircuts doesn’t get it–more like weed-whacking. Cross-defaults. Credit default swaps default—-AIG-like impact for all insurers globally.

    Us banks capital wiped out. Nationalization. Obama’s national Infrastructure bank big enough umbrella.? Frankly–its hard to imagine where the chips stop falling.

    Thus, they need to create the appearance that they are doing a flogging of these bad boys before turning the monetary hoses on for them in a way which will make the last bail out look like chump change—giving new meaning to the old saying —“In for a dime, in for a dollar”

    Question truly is: do we need them that badly? Or is can we tolerate their existence?

    Maybe its the time to pull the plug on these monstrosities and resurrect the many state and regional banks that we depended upon for decades before the notion of too big to fail was shoved down our throats overnite in secret.

  3. I have several questions I’m hoping someone can answer.

    I read the post about the FHA bringing a $196 billion lawsuit against 17 banks. My house is listed in 1 of the securitizations listed as a defendant in the lawsuit against ALLY f/k/a GMAC.

    1. Can/Should I write my Trustee notifying them of this? If I reference the case in my letter?

    I’m hoping to stop a foreclousre. The trustee is supposed to be a “neutral” party. Can they foreclose with a current lawsuit underway?

    I live in AZ. Would this violate any laws, statutes, etc…if I put them on notice?

    If these loans were misrepresented to the “investors” does that have any effect on me as a “borrower”?

  4. let the perp walks begin!

  5. Abby All I got is the article of msfraud.org

  6. Shelly never give up run the race to win not for second place, i will send a copy of my letter I sent to the Arkon Ohio F.B.I. to ever court official in Akron Ohio at every Level , I have no fear of these Crooks its bad in this county , thanks for your support here is that United States Treaty again : 4. Misprision of felony { Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.}
    ; Lets start the Blogg?

  7. What no Wells Fargo ?
    You mean they escaped this round of lawsuits….
    They are as guilty as the next or even worse, stay tuned for round 2 of the lawsuits…

  8. THE A MAN










  10. (con’t):
    People familiar with the case believe it may have stagnated because demonstrating that the captive reinsurance amounted to kickbacks would require accounting expertise that the Department does not possess.

    HUD staffers who initially put the case together have moved on to new jobs. Just last month, HUD’s authority to enforce RESPA expired, and its responsibilities were transferred to the new Consumer Financial Protection Bureau.

    The bureau declined to address questions from American Banker about whether it intends to pursue the matter.

    The agency has hired at least two former enforcement officials from HUD who are familiar with the case, however. Both referred questions to the CFPB’s press office.

    “While we continue to build and staff our enforcement program, the CFPB is capable of exercising its RESPA enforcement authority now,” says a CFPB official.

    If the Bureau doesn’t take the case, there is also the possibility that Minnesota officials or another state would readopt it, Acting Inspector General Stephens and other people familiar with the case said.

    “This thing is getting kicked around,” Stephens said, arguing that a lack of enforcement on such matters has eroded consumers’ faith in the process of buying a home.

    “The mortgage companies … are responsible for those people feeling that way,” he said.

    Editor’s note: This is the first of a two-part series. Next up: How regulators, the government-sponsored enterprises, mortgage insurers, and trial attorneys allowed banks to collect a decade of alleged kickbacks, and the deals’ effect on lending standards.

  11. http://www.americanbanker.com/issues/176_173/mortgage-reinsurance-respa-kickbacks-hud-investigation-doj-1041928-1.html?zkPrintable=1&nopagination=1

    Many of the country’s largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously undisclosed investigation by the Inspector General of the Department of Housing and Urban Development.

    The allegations, since referred to the Department of Justice, stem from lenders’ demand that insurers cut them in on the lucrative business of insuring the mortgages they produced during the housing boom.

    In exchange for the their business, companies such as Citigroup Inc, Wells Fargo & Co, SunTrust Banks Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.

    During a two-day presentation in the summer of 2009, HUD’s team presented DOJ attorneys with a thick binder of evidence that major banks had engineered a decade-long kickback scheme, people familiar with the investigation say.

    Documents from the investigation show that the inspector general’s staff concluded that banks and insurance companies had created elaborate financial structures that had the appearance of reinsurance but failed to transfer significant amounts of risk to their bank underwriters.

    Some of the deals were designed to return a 400% profit on a bank’s investment during good years and remain profitable even in the event of a real estate collapse.

    Making matters worse, banks allegedly forced unknowing consumers to buy more insurance than they needed and failed to properly disclose the reinsurance agreements, another RESPA violation.

    HUD’s acting inspector general, Michael Stephens, worked on the case before being appointed to head the inspector general’s office last year. He acknowledged the investigation’s existence and expressed frustration that the case had not yet produced a settlement or prosecution.

    While Stephens said he was still “hopeful” that prosecutors would bring a case, “this thing has been going on for too damn long.”

  12. Does anybody know if I can reference the FHA lawsuit against Ally to stop my own foreclosure? My loan was put into a one of the securitization mentioned in the FHA lawsuit against Ally (GMAC). Also, should I send this info to my Trustee? Deutsche? Putting them on notice that there is a potential problem with these pool of loans.

    I’m not sure because they are suing on misrepresentations from an investors stand point. Does anyone know if the allegation can be used in defense of a borrower as well?

    Any info would be appreciated.

  13. It is double-edged sword I agree…. However, they can limit some loss by playing options by hedging with other people’s expense. The people who play this game do not know the consequences and violation of ethics and conflicts of interest… Especially the ones that represent clients and short the positions at the same time.

    I am really sick of all these players who act like they are not doing wrong. Bring back the professional conducts and professional ethics back to financial business.

  14. and thus we have our President Benacki, and his spokes person Obama will speak tomorrow on jobs creation………….

    “The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.”

    quotes from


    from Neil links above.

    He who controls the money or banking and dushing out of it,,,,,,,,,,,,,controls it all.

    Funny, the Fed Res steers the economy to get people to borrow money, which is debt, which is money. But people are not borrowing money anymore, so the Fed Res has interest rates at almost zero percent interest rate, and banks who get that rate, what do they do with it, try to charge you more interest,,,,,,,,,,,,on and on it goes, they are hoping,,,,,,,, but people are not borrowing.

    Maybe someday somebodies will really communicate what a ponzi it is really, but somebodies have been communicating it ever since the central bank was created. It’s all leverage and if you stop borrowing why those that are supposed to borrow stop the leverage and those that provided the leverage get stopped big time. Leverage works both ways. Big money on the way up, big loses on the way down.

  15. Our own federal reserved secretly bailed out foreign banks with something like 16 trillion. Also remember our government officials have a duty to the American tax payers. If they do not protect us and do their duty it is called a breach of fiduciary duty. Also there is the breach of the Honest Services Doctrine”. And felony charges 18 USC 2,3, & 4 can be brought by individuals.

  16. Do not forget it is not only in the U.S. it is all over the world that bankstas are bailed out. Good examples were this morning in Germany. Their court ignored their constitutions to give out the bailout money to Greece…. That means to European Bankstas.

  17. @Kenneth Taylor: Judge Pechman is just as corrupt. Same exact senerio. Not even fifteen minutes in court, no proof of affidavitts. She adjudicated i was a non moving party, because she mailed me a demand to send in a document, that….. I received two days after her five day deadline. I spent the night doing the doc and delivered it directly to the court and her with a memorandum, the mail did not deliver this to me until after two days after your dead line. And who ever heard of a five day deadline? She did summary judgment and stated I was a non moving party. I have another conflict with her in another case against the corrupt mayor in my town whom policy defrauded me and cost me thousands upon thousands, long story…. anyhow she was the judge that saw the served summons and complaint on Oct 9, 2006 and my Pro Se case and my exhibits, proving policy fraud. Then I was talked into getting an attorney who set me up and did not argue the city attorney had been served October 9, 2006 and had defaulted and allowed the city attorneys to claim their first served summons and complaint was December 29, 2006 since they did not make an appearance until mid January of 2007. And allowed them to lift my case and exhibits out of court with a fraud amended complaint by my attorney that I never approved, and infact had refused to sign. Judge Pechman allowed this to happen when she had already refused removal request the end of January and saw my served docs and accepts the fraud docs and removal and affidavit the city had not been served before December 29, 2006. I have absolute proof of personal served affidavits that were filed in the court, that she and Judge Harvey allowed to be removed. I requested Pechman to recuse herself four times due to conflict of interest and due to the case she was involved in with the city and she absolutely warred with me and the Constitution and refused to recuse herself. We are dealing with corruption and the bull dozing of our U.S. Constitution. We need a blogg sight for corrupt government officials and corrupt judges. The judicial system has been corrupted. This felony 4 is a powerful tool we have the right to use.

  18. I see the average people just helpless. They can not take the pressure and cave in and just walk away. They don’t seem to be able to cope with the pressure. The banksters liked it that way, and counted on this. The fighters in the courts had corrupt judges and a few judges that just did not believe a big bank would do this. Summary judgement is used to clear the courts and used to prevent due process and take away our constitutional rights. Anyone that hears a public official talking about putting a stop to frivolous law suits is not to be trusted. Just like the asinine immoral statement, the prevention of frivoulous law suits is an excuse to take away our civil rights and due process and to war with the Constitution. The judges pass out summary judgments, like passing out candy and keep the court fee you paid for a fair trial. It is all corruption. Summary judgment should be banned. Summary judgment is especially used against Pro Se. It is suppose to be Pro Se’s are treated a little easier because we dont have the education in law the attorneys have. instead we are targeted with summary judgement. I have a copy of a case here in Washington of an attorney that had an appeal turned around by stating to the judge the Pro Se had all the correct components of the case, just not in the proper places and had met all the requirements to win her case, but was summary judgmented out of court because she was Pro Se. She reorganized the same claims and won the appeal and received quiet title for the party. We have been fighting corruption in the courts. We have had a big battle to over come. Talk does help, because sharing our knowledge and cases and seeing the same continuous crime in each and every bank help us to push for justice. Talk and chattering helps. We also find we are not alone. So many I have talked to thought they were the only person dealing with this crime, or the only one in bankruptcy, and in fear of loosing their homes. They believed it was something they could not fight and did not know the truth. Talking gets the support and the truth out.


  20. I was thinking crime does pay, but maybe not! My uncle always told me it legal until you are caught. I was beginning to think he really knew the law. Glad he was WRONG! MORAL HAZZARD IS SO OUTRAGEOUS IT IS ENOUGH TO VOMIT, HEARING IT. THE MORAL HAZZARD IS ALLOWING THE CRIMINALS TO GET AWAY WITH IT. The hell I have been through and the hell I see thousands going through is beyond criminal, and not even within the breath of a question of moral. All credit cards and fees to the bank need to be cut out of our activities. People do not realize they are feeding the wolves and digging their graves and causing their own poverty. Most people I know have put their accounts into credit unions. They have drawn it out of the big banks. Person after person tell me this. I did it years ago. People go around mumbling they are so angry and offer this news to me. A bunch of families I know have all their adult children living with them at home and their grandchildren, just like I do. It doesn’t matter what wealth they have wealthy to poor, they have a similar situation to me. And the banksters need to go to jail and the criminal attorneys that knowingly supported the crimes. Felony laws 18USC2,3,&4 state all officers of the court have a duty to the courts to report felony crimes or become sanctioned and become criminal themselves. All these attorneys the CEO’s are hiring getting ready for criminal defense should be put on notice of reporting these felony crimes. Their duty is first to the courts, and second to their clients. Including the judges.

  21. They should be saying the “fake mortgage ponzi schemes securities”…but I guess that’s too long…

  22. http://www.huffingtonpost.com/2011/09/07/new-york-prosecutors-wide_n_951795.html

    New York Prosecutors Widen Goldman Sachs Investigation Into Mortgage-Linked Securities

    “New York prosecutors are widening their investigation into the manner in which Goldman Sachs (GS.N) marketed certain mortgage-linked securities before the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.

    The Manhattan district attorney’s office began its probe into Goldman following the release in April of a U.S. Senate subcommittee report into the causes of the financial crisis, the paper said.

    The district attorney’s office has issued subpoenas to Morgan Stanley (MS.N) and other investors in the deals. The prosecutor’s requests to investors, including some hedge funds, concern how Goldman sold the deals, the Journal said.”

    Gee, whatever happened to the term “mortgage-BACKED securities”???

    Uh huh…

  23. http://www.huffingtonpost.com/2011/09/06/un-study-austerity-deficit-cuts-world-economy_n_950551.html


    The report put much of the blame for the crisis on deregulation of financial markets, which it said invited destabilizing “herd behavior” by speculators, and allowed an over-concentration of banking activities.

    “What we’ve seen in the past and we never learn is that countries seem to have excessive belief in the financial markets. And we’ve seen time and again that financial markets are not very sound in their judgment,” said Supachai.

    “But still people keep thinking that they are doing these austerity measures because they want to please the markets so that the markets give them better ratings, including the rating agencies which do not always produce the best assessment.”

    Flassbeck said the herd mentality was evident whenever equity markets and commodity markets all lurch in tandem on the same day, an effect that could not conceivably be caused by real swings in demand. But the world was ignoring it, he said.

    “If the G20 negotiations were not confidential I would tell you that it’s ignored even there,” he said.


  24. ANONYMOUS, on September 7, 2011 at 3:47 pm said:
    “Moral Hazard” — was the consensus of Government — including Paulson, Bernanke, Geithner — that prevented restitution and aid to homeowner victims of fraud…
    …“Moral Hazard?” Not with fraud — the term is absurd.


    And what of the “hazardous morals” (as in zero), in the mortgage/financial worlds that were flamed by deregulation??? Sociopathic materialists in power with absolutely no policing…unprecedented greed…

    America has collapsed because of it…and the global economy is collapsing now…

  25. How does WELLS FARGO escape this suit??
    Perhaps there is another round to be added later.

  26. Just a thought…

    82% of people do not trust Congress and want it completely overhauled and… replaced, from top to bottom. President Obama has a 37% approval rating. When everything else fails, all we have left are the courts.

    Not a perfect system. It still takes people to approach the courts and fight the good fight of faith but keep in mind that 95% of the people foreclosed on did nothing and only 2% of those who fought insisted on a jury trial. 2% of 5%. 5 out of 100 people fought and, among those 5, only 2% went before a jury of their peers. What is that? One arm among 5 people? Maybe a whole foot? What does that represent in the total number of foreclosed victims? 5000? 10,000? Out of 12 millions? 20 millions? A pity! No wonder nothing major was gained!

    Now, people are ready to put pressure where it ought to be put and… Tada! Things are happening. Action works. Talk is really, really cheap. And useless.

    Banks will devour each others, finger-point, play the blame game, try to finagle, they’ll try anything. We need to vote, pressure, kick out and look serious. Different Congress, different game. If we do that, they will not survive. Not this time. The S&L was a trial run and they didn’t get it (nor did we at the time): we kept the same incompetents in place and we got make-believe-feel-good justice. A few went to jail and… came out in better shape than they had gone in. This time, it’s the real thing. The fight for the future of our kids. The fight for survival.

    How much did Dimon’s 83 million bonus contribute to the planet? Zip. Zero. Actually, Jamie Dimon “donated 1.8 millions” to his wife’s alma matter! Out of 83 millions. Yeppee! How much did the trillions in bail outs and the bonuses stolen by AIG accomplish for our kids? Zip. Let’s add all those numbers and see how mis-placed all that money was. All our money. We want it back. Things are changing…

  27. Well ANONYMOUS,

    been doing it for awhile now, 2 years. I buy nothing at retail except underwear, socks, food, gas. And even those I look for big discounts. I’ve revolted as a consumer for 2 years now. Everything else I need or want I buy online or EBAY or garage sales or auctions for cheap.

    Like I’m a home business and have been filing my own taxes since I started working at 15 1/2 yrs of age. Go to Best Buy or one of those places and buy turbotax for $100 big ones, (home business version) – – ouch. So, what I do is file for extension every year and then around now I buy turbotax home/business on ebay for $15.00. thank you very much and I file Oct 15.

  28. Bart

    Yes — 3.5 years ago. But, “Too Big To Fail” — prevented.

    What was covered up then — is surfacing now.

    Scapegoats — no more.

  29. I Love It! But it should have been done 3.5 years ago….Now, let the american people have their turn!!!! And taxes can be paid and communites can have positive balances…. America will become anew, see it is simple. Why, why I do not know…. just what did I ever do?????

  30. F.B.I. where are you, Call the F.B.I. , here is what i sent The F. B.I. they have a duty too act 18 U.S.C misprison 4 . google these Treaties.September 2, 2011

    Kenneth S. Taylor
    8610 Hadden Road
    Twinsburg Ohio 44087

    Federal Bureau of Investigation
    121 S Main St, Akron Ohio 44308 -1415

    Dear Honorable F.B.I. Agents, Intake Officers and Staff,

    I implore you open and investigate the following criminal acts and other matters stated below supported by proof and evidence enclosed:
    The criminal acts are so malicious and deplorable that the damage done to victims the homeowners can never be repaired we ask for nothing less than criminal prosecutions this agency must check the licensing boards of all notaries that appear in any and all documents for all the fraudulent attestation to all these phony fake documents.

    Judge Tom Parker is so corrupt he has defied the Ninth District Court of Appeals Order in which they agreed Judge lied about hearing Defendants counterclaimed they reverse and remanded case back to trial court and has thus far Tom Parker refused to follow mandate and wont set a trial date, he issued a summary judgment without a single witness , and without a signed affidavit with no affiants name on it that has to be a criminal act as he never look at the final decree order ,it against the law to sign without knowing the information your signing the affidavit had no name on it.
    Judge Tom Parker , Attorney Kevin L. Williams and Robin Wilson have given false and material declarations to the trial court violating federal laws under 18 U.S.C.1623 which is a both a criminal and civil act of conspiracy and a crime which carries fines of 100 thousand dollars and or 5 years in prison , they have lied to courts and use the same lies against defendants( Kenneth S. Taylor and Alycia A. Taylor Driggins) in an attempt to take their real property ,without perfecting a lien, selling and transferring, assigning property of Option One the original lenders years later after they were out of business and company was defunct, and did use identity theft, and stole homeowners identity as parties are guilty of transferring homeowners private information by United States Postal service , U.S. Mail via Electronic Mail creating False data and accounting, and payment receipts by use of computer via internet and are guilty of Mail and Wire fraud by forwarding private information to other parties without their permission such as their social security numbers names addresses, work history, credit reports, bank statements ect. but not limited to such, trying to evict them unlawfully from a home which they have owned and resided for 23 years by using forgery of Kevin L. Williams name and signature on order of sale as someone tried to force sheriffs sale by signing order with initial only ( K W) using pretender lenders, robo signers, strawman , foreclosure mills , defunct trust, and trustees, fraudulent appraisal , and 14 forgeries of attorney Kevin L. Williams name, fabrication, of surrogate signings , misreprentation, fake and counterfeit Allonge Notes and negotiable instrumentalities. [Whoever, with intent to defraud, falsely makes, forges, counterfeits, or alters any obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both. (18USC 471)] and fake notaries, fake affidavits, fake title insurance written by Manley Deas Kochaski LLC on national known Chicago Title Papers without their knowledge , using their in house title company Allondian Title located in the same office in Columbus Ohio, 18 U.S.C. § 514 : US Code – Section 514: Fictitious obligations, this has to be one of the worst cases of fraud before the FBI in its long distinguished history.

    Currently there is a fraudulent lawsuit and judgment against them, (Kenneth S. Taylor Alycia A. Taylor), filed by Plaintiffs attorney (Kevin L. Williams of Manley Deas Kochalski LLC. Located in Columbus Ohio, P. O. Box 165028, 43216-5028 for DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE FOR CERTIFICATEHOLDERS OF SOUNDVIEW HOME LOAN TRUST 2006-OPT2 ASSETS-BACKED CERTIFICATES, SERIES 2006- OPT2 , who have never proved they had standing to file the lawsuit and has told courts the note is lost missing or stolen and assignment was submitted to court after lawsuit was filed , and produced after allege transfer of property , a fake assignment fraudulent sham , defective, false , and misleading , document which was deemed as such by the United States District Court Judge Sara Lioi on November 8, 2007 See Exhibit ( D) enclosed , that assignment was robo signed and fake and forgery provided to courts used as evidence in courts by and though Kevin L. Williams and Manley Deas Kochalski LLC. As is every document before the court in this case. The fake, forgery, robo, signed , documents have been used to commit civil and criminal conspiracy , mail fraud, forgery, identity thief, nothing is original or authentic its all falsely made by crime lab LPS. And was not produced until the courts needed it to foreclose, the attorney just orders any documents the court needed from the crime lab LPS, Docx, this is a nationally well known fact , the attorney’s just order fake documents from this crime lab and did not get the phony documents and affidavits unless the court required them and the documents don’t reflect the actual transactions that occurred the attorney Kevin L. Williams willingly and knowingly produced and provided Ohio courts both Federal and state with fraudulent documents , which are more fully describe in documents enclosed in this package. Moreover Kevin L. Williams and his law firm has conspired and filed 14 variations of his signatures on sworn legal important documents with state and federal courts in a elaborate scheme to unlawfully take the Taylor’s real property, the signatures contain no power of attorney , the law firm is a national known Foreclosure Mill, That uses robo signatures from foreclosure Counsel of Manley Deas Kochalski and Kevin L. Williams , Thompson Hine and Robin Wilson who violated the following rules regulations statues, an treaties of OHIO and U.S.FEDERAL LAW TITLE 18, 18 U.S.C. § 1343 CHAPTER 6 WIRE FRAUD, MAIL FRAUD; Regulation Z Sec. 226.1 Authority, purpose, coverage, organization, enforcement and liability. Complaints to Akron Bar Associations, Cleveland Bar Associations , Columbus ,Bar Association , and The Supreme Court of Ohio Disciplinary Counsel all yieldeied the same results an occasional admittance of unlawfully practice, but the Bar Associations all stated it was a widely accepted practice for attorney’s to forge, use forge signatures , allow others in office to forge their names, allow some unknown people in there office to sign someone else name to a legal court document especially given the fact this attorney has never made a single appearance to court in 4 years, and has not been able to be reached by phone in 4 years the Akron Bar Association attorneys says Kevin L. Williams does not have to answer my phone call, and can allow other to try to mimic his signatures as long as he has given them permission to do so , this is violation of federal laws that govern forgery , for some one to forge attorney Kevin L. Williams signature on documents to sale the Taylors home in a sheriffs sale is illegal, corruption, criminal conspiracy, and the Bar Associations said this was legal and found no wrongdoing , See Exhibit (H) correspondence from various Bar Associations in Akron, Cleveland, and Columbus who and said attorney’s can break the law and forge each other signatures. For the sake of convenience, Essential saying Kevin L. Williams is above the law. We believe these are jail able offenses crimes of forgery and violates the law and treaties of the United States and carry prison sentences the absolute proof is included the records and complete letters are available in Bar Association files the foreclosure Counsel of Manley Deas Kochalski and Kevin L. Williams , Thompson Hine and Robin Wilson violated the following rules regulations statues, an treaties of OHIO and U.S.FEDERAL LAW TITLE 18, 18 U.S.C. § 1343 CHAPTER 6 WIRE FRAUD, MAIL FRAUD; Regulation Z Sec. 226.1 Authority, purpose, coverage, organization, enforcement and liability.

    The judge Tom Parker while case was in state court conspired with the plaintiff’s attorney Robin Wilson of Thompson Hine LLP in a joint effort to destroy defendants counterclaim. The judge directed her to draft a false and misleading statement in a previous Final decree of foreclosure. Robin Wilson did so knowingly and willingly by inserting false claims of judge that he had considered defendants counterclaim is his motion granting plaintiff summary judgment which is void because of fraud of the courts and judge a lying officer of the court… Robin Wilson drafted and sent a letter dated September 28,2009 to Judge confirming the act of conspiracy and her participation as such. The letter states per verbatim “Enclosed, in response to your telephone request, is a revised Judgment Entry and Decree in Foreclosure so as to include Defendants’ Counterclaim and Plaintiffs’ Reply to Counterclaim”. Signed by Robin Wilson. See Exhibit (A). These representations were false and defendants knew the falsity of these statements at the time they were made. The judge never once mentioned defendants counterclaim, prior to this directive, nor is there any evidence the judge has reviewed the counterclaim. This was a wicked scheme perpetrated against defendants specifically, strategically and systematically, the judge lied in effort to deprive defendants of their rights to homeownership. Judge and Robin Wilson have given false and material declarations to the trial court violating federal laws under 18 U.S.C.1623 which is a both a criminal and civil act of conspiracy against defendants. Moreover COURT OF APPEALS NINTH JUDICIAL DISTRICT C. A. NO. 25281 agreed with the plaintiffs that judge erred essentially confirmed he lied and reversed and remanded case back to trial court. Judge Tom Parker is an Officer of the court THIS VOIDS STATE COURT FINDING OF SUMMARY JUDGMENT, ITS NULL AND VOID FOREVER.

    We now and at last pray by the grace and mercy of almighty God, and ask that this High Federal Bureau of Investigations intervene and look into these matters asap.

    Respectfully, Submitted By,
    Kenneth S. Taylor


    Ps. Exhibit (H) is page (2) two of a two page letter by Heather M. Zirke the Assistance Counsel of Akron Bar Association who says forgery of another signature 14 times is legal and accepted practice in law. Page one is missing just ask her to send you copy of the original letter in which she defended and justified these forgeries of Kevin L. Williams signature.

    Also a letter from Cleveland Bar Association that says other lawyer’s in his office may forge legal documents by signing Kevin L. Williams name as though they are him to unlawful order of sale.

    All other documents are self explanatory , and are excerpts from trial documents from United States Sixth Circuit Appeals Court and the original Complaint filed against these parties in federal District Court the evidence is overwhelming and compelling in which judges had a sworn duty to report under 18USC (4) and have themselves committed Felonies for not reporting to F.B. I.

  31. “Moral Hazard” — was the consensus of Government — including Paulson, Bernanke, Geithner — that prevented restitution and aid to homeowner victims of fraud.

    Moral Hazard??? Is it not odd – that today — the financial pundits are looking for every sign that the “Consumer” is back — to save a slow — if not dying economy???

    Are not these the same culprits that claimed “Moral Hazard” – to deny aid — to those “bad Americans” who used homes to consume goods — and purchase too much house???

    These same pundits are BEGGING you to come back — begging you to spend — begging to you shop. And, who does this consumption feed??? Those in power that control the pundits, the culprits, the government, and regulation.

    “Moral Hazard?” Not with fraud — the term is absurd.

    No more spending — my friends –save every dime you have. Buy American — only. And, curb your appetite. Stop feeding the upper powers in control. Only then will the ridiculous concept of “Moral Hazard” — to defend fraud — be buried.

  32. The IRS is part of the criminal base. We need to get rid of the IRS. See The American Dream Film – Do Not Watch, Unless You Want to Know How You’ve Been Scammed by the Most Basic Elements of Our Government
    Posted by 4closureFraud on September 6, 2011 · 12 Comments
    On 4closurefraud.com


    “This is a Government of the people, by the people, for the people. Consequently, nothing should be concealed from the people. The man who deceives the people is a traitor to these United States.

    The man who knows or suspects that a crime has been committed and who conceals and covers up that crime is an accessory to it. Mr. Speaker, it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurers.”


  34. Many years in waiting — more to come.

  35. Louise: Haha, that’s funny. I like it too!

  36. Carie: They are “quilty” of not investigating. There are holes all over their denials as to why they are refusing to investigate and their fabric is unraveling. And I’d sure like to see the stuffing knocked out of Wall Street : )


  37. Naturally, the bank that screwed me is getting off scott-free! Heck, they still haven’t returned the surplus funds from the foreclosure sale. According to my records, I owed “Wells Fargo or Freddie Mac or someone” roughly $54,000 as of the date of the alleged default. After stringing me along for eight months with promises, lies and lost documentation, they sold my house on the courthouse steps for $90,200 cash. The investors that bought the house resold it three months later for $163,000. Now, after holding the surplus funds interest-free for 15 months, they recently agreed to release $28,650 to me and my wife [there were additional interest/late fees, legal fees and, of course, “reasonable fees for the investigation and due diligence in connection with the claimed rights of interested parties”, of which there were none]…and even then, they will release the funds only if we sign a “hold harmless agreement” containing the following:

    “[My wife and I] …hereby covenant and agree to indemnify and hold harmless Wells Fargo Bank, NA sbm Wells Fargo Home Mortgage, Inc. and Foreclosure Attorneys, and their attorneys, agents, employees, successors, and assigns, from any and all claims, damages and losses of any form or nature, known or unknown, expected or unexpected, including but not limited to, actual damages resulting from, either directly or indirectly, the payment by Foreclosure Attorneys on behalf of Wells Fargo Bank, NA sbm Wells Fargo Home Mortgage, Inc….”

    This may look like “standard” hold-harmless agreement language to some, but to me it looks like their agents or employees could beat the crap out of me, steal my car, and rob me blind (wait, they’ve already done that last one), and I would have no recourse. I even worry that they could cancel the check or claim that I stole it, and again I’d have no recourse. I hope that is not the case, but who knows what these people might do considering criminal background and past behavior. I think I would be more confident and less fearful if I was meeting with some mobster…at least the Mafia abided by a “code of honor” in their dealings with innocent parties.

    Sadly, we desperately need the money, so I have to seriously consider their offer. At least I’m not fighting to keep what little I have left, as millions of Americans are doing since their homes were sold for less than they owed and the banks now want the difference!

    This whole mess keeps me awake at night…not just for myself, my wife and our children, but for the millions of Americans who have lost everything and for whom the American dream has turned into a terrible nightmare! Will these criminals ever pay for their crimes? Will this nightmare ever end?

  38. I like quilty–should be a new word to mean bankster scumb$%%s. They are going down. Now, the AG’s have to start realizing they will be voted out if they don’t do something for the people, not the banks.

  39. JERSEY CITY, N.J. (CN) – A Wells Fargo Bank customer claims the bank refused to fix an error in her account unless she complied with an employee’s demand for “phone fun” – that she send him nude pictures of herself. She says she was stranded without money on a business trip due to the bank’s mistake, and its worker “clearly implied that he wanted naked photographs in exchange for providing his customer service.”


    I don’t know what she’s complaining about. I’ve had this same bank on numerous occasions bend me over hard attempting to do what only space aliens and the IRS have done to me before. I’m convinced WF has a proctology department.

  40. oops, I meant guilty…not quilty…although, maybe they are sitting around making quilts—they are certainly not doing their job very well with regards to all this…
    But hey, all the other agencies are deeply corrupt—why NOT the IRS too?!?!?

  41. leapfrog—

    I think “strangely silent” usually means quilty…of something…

  42. YAY! But it remains to be seen if there will be ANY perp walks or meaningful investigations, prosecutions, incarcerations and restitutions (I love clawbacks).

    How come the IRS is strangely silent on the REMIC issues? If I owe $10 I get a nasty letter, penalties, interest and will be pursued to the ends of the earth for it. Yet the banksters skate free on TRILLIONS of dollars in potential penalties.

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