Thursday, March 7, 2013

WELLS FARGO FRAUD and CHIEF JUSTICE MARSHA PECHMAN USDC WESTERN WASHINGTON STATE

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Today in Reefer Madness: Judge Marsha Pechman<Click  SEATTLE WEEKLY, THE BLOGS, Categories: Crime & Punishment

Did you know that marijuana is a "pollution spread in the community?"

... In sentencing Snohomish County resident Jerry Berkey to seven years in prison and five years of supervised release for growing--that's more time than most violent offenses fetch--she used the aforementioned language .... She also said,

.. "You haven't earned a decent living legally in years. What did you tell your kids when you came home, 'Daddy's had a tough day at the grow?'" .. Maybe he told them our public officials are insane for not fixing their budget problems by legalizing and taxing the quite unfairly-maligned herb ....

Infamous Bain case in Washington works in MERS favor again<Click  HOUSING WIRE, THE TICKER, 2/25/13 1:28pm

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 ... The well-known Bain v. Metropolitan Mortgage Group court decision out of Washington state has failed once again to give homeowners the slam-dunk case against MERS that some initially interpreted when the opinion was released last year .. Judge Marsha Pechman with the U.S. District Court of the Western District of Washington ....

NOTABLE CASES WaMu 401(k) caseJUDGEpedia<Click

SEATTLE PI, NOVEMBER 6, 2013  ... of marijuana to adults, a measure that flies in the face of federal law and policy that ... the 18th state to approve use of marijuana for medicinal purposes.  The marijuana initiative was garnering just under 56 percent of the vote statewide, and 63.82 percent in populous King County.

... Its passage represents a kind of incrementalism for which the state is famous.  It has been nearly 40 years since a group called Blossom Seattle put a marijuana decriminalization on the city ballot.  It lost.  In years since, the Emerald City became home to Seattle Hempfest, the best attended marijuana legalization event in North America.  The city voted in 2003 for Initiative 75, making marijuana the lowest enforcement priority for the Seattle Police Department....

.. Initiative 502 spokespersons this year included ex-U.S. Attorneys John McKay and Kate Pflaumer, Seattle City Attorney Pete Holmes, TV travel guru Rick Steves and Charles Mandigo former FBI agent in charge of the Seattle office.  It was also supported by luminaries of the state medical association and bar association....

On appointments under 'a cloud'

... On December 19, 1998, U.S. President William Jefferson Clinton was impeached by the United States House of Representatives for allegedly committing perjury, obstructing justice and abusing his presidential powers in the Paula Jones sex harassment case (and the icky, irrelevant Monica Lewinsky scandal.) After the prurient Ken Starr, the Republican House leadership (led by confessed wife thief Bob Livingston, who replaced the disgraced, wife dumping fellatophile Newt Gingrich, and then resigned himself,) and the fatuous press corps had put the country through a full year of bawdy, useless sturm und drang (and about $80 million in wasteful spending,) Clinton was acquitted in the Senate, by a vote of 55-45 on the obstruction charge, and a 50-50 deadlock on the perjury charge, on February 12, 1999. [Photo from coolstamps.com]

.. During the time of impeachment, Bill Clinton continued to exercise the full powers of his office, including operating a joint military campaign with Great Britain that was actively bombing Saddam Hussein's Iraq. The Senate did not move to curb his powers. And Clinton felt no burden to stop making appointments during that awful period in his presidency, including the following additions to his State Department:

.. And because the impeachment sideshow was just the end of a full year of fruitless investigation by Starr, and sensational media coverage, it's helpful to look at the entire year of 1998, when Clinton managed to make a number of appointments to the federal bench, all of which were acted on by Congress, even as Clinton was "under a cloud." Those included:

... Vote 263: September 8, 1999, Marsha J. Pechman Western District of Washington!


Lower Lewis River Falls Gifford Pinchot National Forest, Washington, USA<Click



NAKED CAPITALISM<Click

... The whistleblower estimated that 99.5% of the notes that he reviewed that had been securitized failed the bank’s tests, and roughly 10% to 15% of the bank owned mortgages were tagged as “fails”....

.. We sought comment from Wells Fargo on these allegations and they declined to respond...

~Description of Mortgage Doctoring Operations~

.. The document fixing took place at 1000 Blue Gentian Road in Eagan, Minnesota, which the whistleblower described as an enormous facility, and ironically, one at which one of the 9/11 hijackers received flight training....

.. The whistleblower worked with a team of 50-60 temps, one of the two shifts involved in checking documents before and after the “corrections” were made. The temps came via agencies, were required to have a college degree and pass a security clearance, and were paid roughly $13.00 to $14.50 an hour for eight hours (seven hours of work + breaks). The whistleblower said very few people (under 20%) had prior experience with mortgage documentation. Since Wells has a long-standing practice of promoting temps into permanent positions, the workers had a strong incentive to perform well. Our source worked for the bank for nine months....

.. His unit would review mortgage documents of borrowers who were described as “in foreclosure” which he understood in practice meant they were delinquent but the foreclosure has not not been initiated. When our source arrived (spring 2011), they were in the process of doubling the work capacity of this effort....

.. Wells Fargo beefed up in the wake of the state attorney general/Federal mortgage settlement of early 2012, evidently seeing it as a green light for more aggressive and systematic document fixing....

.. This team had two tasks. The first was to review documents that were delivered periodically (often daily) to make sure they were in order. The part we’ll focus on is that they would check the notes to see if the endorsements matched up against what the bank wanted them to look like. (Regular readers of this blog will recall that mortgage notes are endorsed to convey ownership, and in foreclosures, attorneys often challenge the foreclosure if the borrower note does not show a complete and unbroken chain of endorsements to the party initiating the foreclosure)....

.. COMMENT(S):  'mericuns back to buying and consuming sh*t we don't need to fuel one deficit with money provided by the debt brotha's entitlement programs which feed the other deficit...(chanting USA, USA!), Idiocracy, anyone? 
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