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There it was: The Treasury foreclosure program was intended to foam the runway to protect against a crash landing by the banks. Millions of people were getting tossed out on the street, but the secretary of the Treasury believed the government’s most important job was to provide a soft landing for the tender fannies of the banks.”Lynn Symoniak is Thwarted by Government as She Pursues Other Banks for the Same Thing She Proved Before
Government prosecutors who relied on a Florida whistleblower’s evidence to win foreclosure fraud settlements with major banks two years ago are declining to help her pursue identical claims against a second set of large financial institutions.
Lynn Szymoniak first found proof that millions of American foreclosures were based on faulty and falsified documents while fighting her own foreclosure. Her three-year legal fight helped uncover the fact that banks were “robosigning” documents — hiring people to forge signatures and backdate legal paperwork the firms needed in order to foreclose on people’s homes — as a routine practice. Court papers that were unsealed last summer show that the fraudulent practices Szymoniak discovered affect trillions of dollars worth of mortgages.More than 700,000 Foreclosures Expected Over Next Year
The results are in. The award for the sorriest chapter of the great American foreclosure crisis goes to the Independent Foreclosure Review, a billion-dollar sinkhole that produced nothing but heartache for aggrieved homeowners, and a big black eye for regulators.
The foreclosure review was supposed to uncover abuses in how the mortgage industry coped with the epic wave of foreclosures that swept the U.S. in the aftermath of the housing crash. In a deal with the Office of the Comptroller of the Currency and the Federal Reserve, more than a dozen companies, including major banks, agreed to hire independent auditors to comb through loan files, identify errors and award just compensation to people who’d been abused in the foreclosure process.
But in January 2013, amid mounting evidence that the entire process was compromised by bank interference and government mismanagement, regulators abruptly shut the program down. They replaced it with a nearly $10 billion legal settlement that satisfied almost no one. Borrowers received paltry payouts, with sums determined by the very banks they accused of making their lives hell.Investigation Stalled and Diverted as to Bank Fraud Against Investors and Homeowners
The Government Accountability Office released the results of its study of the Independent Foreclosure Review, conducted by the Office of the Comptroller of the Currency and the Federal Reserve in 2011 and 2012, and the results show that the foreclosure process is lacking in oversight and transparency.
According to the GAO review, which can be read in full here, the OCC and Fed signed consent orders with 16 mortgage servicers in 2011 and 2012 that required the servicers to hire consultants to review foreclosure files for efforts and remediate harm to borrowers.
In 2013, regulators amended the consent orders for all but one servicer, ending the file reviews and requiring servicers to provide $3.9 billion in cash payments to about 4.4 million borrowers and $6 billion in foreclosure prevention actions, such as loan modifications. The list of impacted mortgage servicers can be found here, as well as any updates. It should be noted that the entire process faced controversy before, as critics called the IFR cumbersome and costly.Banks Profit from Suicides of Their Officers and Employees
After a recent rash of mysterious apparent suicides shook the financial world, researchers are scrambling to find answers about what really is the reason behind these multiple deaths. Some observers have now come to a rather shocking conclusion.
Wall Street on Parade bloggers Pam and Russ Martens wrote this week that something seems awry regarding the bank-owned life insurance (BOLI) policies held by JPMorgan Chase.
Four of the biggest banks on Wall Street combined hold over $680 billion in BOLI policies, the bloggers reported, but JPMorgan held around $17.9 billion in BOLI assets at the end of last year to Citigroup’s comparably meager $8.8 billion.Government Cover-Up to Protect the Banks and Screw Homeowners and Investors
A new government report suggests that errors made by banks and their agents during foreclosures might have been significantly higher than was previously believed when regulators halted a national review of the banks’ mortgage servicing operations.
When banking regulators decided to end the independent foreclosure review last year, most banks had not completed the examinations of their mortgage modification and foreclosure practices.
At the time, the regulators — the Office of the Comptroller of the Currency and the Federal Reserve — found that lengthy reviews by bank-hired consultants were delaying compensation getting to borrowers who had suffered through improper modifications and other problems.
But the decision to cut short the review left regulators with limited information about actual harm to borrowers when they negotiated a $10 billion settlement as part of agreements with 15 banks, according to a draft of a report by the Government Accountability Office reviewed by The New York Times.
The report shows, for example, that an unidentified bank had an error rate of about 24 percent. This bank had completed far more reviews of borrowers’ files than a group of 11 banks involved the deal, suggesting that if other banks had looked over more of their records, additional errors might have been discovered.
The report shows, for example, that an unidentified bank had an error rate of about 24 percent. This bank had completed far more reviews of borrowers’ files than a group of 11 banks involved the deal, suggesting that if other banks had looked over more of their records, additional errors might have been discovered.
[DISHONEST EUPHEMISMS: The context of this WSJ story is the broader series of betrayals of homeowners by the regulators and prosecutors led initially by Treasury Secretary Timothy Geithner and his infamous “foam the runways” comment in which he admitted and urged that programs “sold” as benefitting distressed homeowners be used instead to aid the banks (more precisely, the bank CEOs) whose frauds caused the crisis.
The WSJ article deals with one of the several settlements with the banks that “service” home mortgages and foreclose on them. Private attorneys first obtained the evidence that the servicers were engaged in massive foreclosure fraud involving knowingly filing hundreds of thousands of false affidavits under (non) penalty of perjury. As a senior former AUSA said publicly at the INET conference a few weeks ago about these cases — they were slam dunk prosecutions. But you know what happened; no senior banker or bank was prosecuted. No banker was sued civilly by the government. No banker had to pay back his bonus that he “earned” through fraud.
Poly Druggie Dictated Chief, via SCOTUS |
Always known, to the world, "Sniggering Shrew" |
Israel owns America? Really! |
We're almost there boss! |
THE BOSS |
MAFIOSO GLOBAL SNUG W/ COTUS/S |
http://www.nanking-massacre.com/RAPE_OF_NANKING_OR_NANJING_MASSACRE_1937.html The Japanese invasion of China in 1937 | Having already seized and annexed China's Manchurian region (1931) and Jehol province (1933), the Japanese were waiting for a pretext to invade and occupy the whole of China. That pretext came in July 1937, when tensions between Chinese troops and Japanese troops engaged in military exercises on occupied Chinese territory produced an exchange of firing near Peking (now Beijing). The Japanese used this incident as an excuse to wage all out war against China. Mass Killings in Nanjing | ||||
THE RAPE OF NANKING OR NANJING MASSACRE 1 The Japanese invasion of China in 1937 Having already seized and annexed China's Manchurian region (1931) and Jehol province (1933), the Japanese were waiting for a pretext to invade and occupy the whole of China. That pretext came in July 1937, when tensions between Chinese troops and Japanese troops engaged in military exercises on occupied Chinese territory produced an exchange of firing near Peking (now Beijing). The Japanese used this incident as an excuse to wage all out war against China. BURIAL ALIVE AT NANKING (NANJING) 1937 Chinese at Nanking (now known as Nanjing) are being buried alive by grinning Japanese troops who are competing with each other to invent new and more horrible ways to kill Chinese whom they regarded as sub-human. This photograph was taken by a Japanese and processed in a Japanese-owned photographic shop. A Chinese photographic technician made copies that were smuggled out of China. Mass Killings in Nanjing An ongoing raping | ||||
THE RAPE OF NANKING OR NANJING MASSACRE 2 Japanese armies invaded China's northern provinces and quickly captured the ancient Chinese capital Peking (now called Beijing). In the conduct of this war, the Japanese adopted a policy of deliberate savagery in the expectation that it would break the will of the Chinese to resist. Although poorly trained and equipped, the Chinese army and communist irregulars put up strong resistance to Japan's armies which enjoyed overwhelming superiority in numbers, training, and weapons. The Japanese troops responded to Chinese resistance to their invasion by embarking on an orgy of murder, rape, and looting that shocked the civilised world at that time, although it has now been largely forgotten in many Western countries where the rigorous teaching of history is becoming a neglected discipline. While fighting was continuing in northern China, the Japanese launched a second front at the city of Shanghai on the eastern coast of China. Despite determined resistance by Chinese Nationalist troops, the Japanese captured Shanghai in November, 1937. As if to make an exhibition of their brutality to the Western world, the Japanese marched hundreds of Chinese prisoners of war down to the Bund, or river bank, and slaughtered them by machine-gun in full view of horrified observers aboard foreign ships moored in the river. Having captured Shanghai, the Japanese were then able to move up the Yangtze River and lay siege to the Nationalist capital Nanking (now called Nanjing). It is not possible to document here the full extent of the horrors experienced by China at the hands of the Japanese between 1937 and 1945. Those who are interested in a detailed treatment of this terrible episode in China's history will find it in the books of Lord Russell of Liverpool, Iris Chang and Laurence Rees that are mentioned at the end of this chapter. I will mention here only the Rape of Nanking (now called the Nanjing Massacre) which is the best documented of Japanese atrocities in China owing to the presence of Western observers who were eyewitnesses to the mass slaughter, rape and looting that the Japanese inflicted on the unfortunate population of the Chinese capital. Many people were killed at downtown Training for new soldiers | ||||
The Japanese murder, rape, loot, and burn in Nanking (Nanjing) 1937 The Japanese murder, rape, loot, and burn in Nanking (Nanjing) 1937 The Japanese were infuriated by the strength of Chinese resistance, and when China's Nationalist capital Nanking fell in December 1937, Japanese troops immediately slaughtered thousands of Chinese soldiers who had surrendered to them. The Japanese then rounded up about twenty thousand young Chinese men and transported them in trucks outside the city walls where they were killed in a massive slaughter. Japanese troops were then encouraged by their officers to loot Nanking, and slaughter and rape the Chinese population of the city. For six weeks, life for the Chinese in Nanking became a nightmare. Bands of drunken Japanese soldiers roamed the city, murdering, raping, looting, and burning at whim. Chinese civilians who were stopped on the street, and found to possess nothing of value, were immediately killed. At least twenty thousand Chinese women were raped in Nanking during the first four weeks of the Japanese occupation, and many were mutilated and killed when the Japanese troops were finished with them. The Japanese troops were encouraged by their officers to invent ever more horrible ways to slaughter the Chinese population of the city. When the bodies of murdered Chinese choked the streets and the gutters ran red with their blood, the Japanese were forced to refine their methods of slaughter in the interest of preventing the spread of disease. Batches of Chinese civilians were rounded up and herded into slaughter pits. Here the grinning Japanese soldiers would either bury them alive, hack them to death with their swords, use them for bayonet practice, or pour petrol on the victims and burn them alive. The bodies of thousands of victims of the slaughter were dumped into the Yangtze River until the river was red with their blood. After looting Nanking of anything of value, the Japanese started fires that gutted one third of the city. Killing a young people Practise Killing | ||||
The Japanese murder, rape, loot, and burn in Nanking (Nanjing) 1937 Independent foreign observers of the Rape of Nanking, including a German businessman and Nazi Party member named John Rabe, were appalled to see Chinese civilians, both men and women, the elderly, and tiny children, put to death by Japanese troops with horrifying brutality. Rabe tried to save as many Chinese as he could by creating a safety zone on his estate. He appealed to Adolf Hitler to intervene, but the Nazi leader rebuffed his appeal. Convincing independent proof of the horrifying scale of the Japanese massacre at Nanking emerged in 1996 with the publication of John Rabe's diary record of the massacre. Japanese soldiers appeared to be quite willing to be photographed with raised swords beside their intended victims, in the act of bayoneting their victims, and posing with their dead victims in the slaughter pits. The atrocities committed by Japanese troops at Nanking were widely publicised by foreign observers, including newspaper correspondents. When the Japanese high command became aware of the full scope of the horror perpetrated by Japanese troops at Nanking, it went to considerable lengths to destroy evidence of the atrocity. Iris Chang gives a very detailed account of the extent and appalling nature of the Japanese atrocities in Nanking in her book "The Rape of Nanking" (published 1997). The horrifying photographs in her book survived the attempt by the Japanese high command to cover up the Nanking atrocities because the perpetrators entrusted the "happy snaps" recording their vile behaviour to a Japanese-owned photographic shop in Shanghai for processing. A Chinese employee secretly made extra copies and smuggled them out of China. Practise killing skills Training for new soldiers | ||||
THE RAPE OF NANKING OR NANJING MASSACRE 5 The judges of the International Military Tribunal for the Far East (also known as the Tokyo War Crimes Trials) were prepared to accept that at least 200,000 Chinese civilians and prisoners of war were slaughtered by the Japanese in the six weeks after Nanking fell. The judges were also prepared to accept that the death toll would be much higher if estimates of the number of Chinese burned alive by the Japanese in mass slaughter pits and bodies dumped in the river were added. Non-Japanese historians are prepared to accept that the slaughter at Nanking could have reached as high as 370,000 victims. The appalling brutality displayed by Japanese troops at Nanking was by no means unique. It has been estimated by historians that several million Chinese civilians and prisoners of war were murdered in the course of Japan's undeclared war on China between 1937 and 1945. Despite photographic and independent eyewitness evidence, the Japanese government still refuses to acknowledge or permit Japanese schoolchildren to be told the full story of the slaughter, rape and looting that took place at Nanking in 1937. In recent years, the Japanese government has made a small concession to the weight of international and local criticism of this censorship by permitting brief and vague references in history textbooks to the Rape of Nanking (Nanjing Massacre), but the atrocities are described as the "Nanjing Incident" and the text suggests that the victims died during the battle for the city, and not in a horrifying massacre that took place during the six weeks that followed the fall of the city to the Japanese. Even these small concessions to historical truth are now coming under attack in Japan from militarists and neo-nationalists. The neo-nationalists, who include Japan's Prime Minister Junichiro Koizumi, prominent members of Japan's parliament, and senior academics such as Professor Nobukatsu Fujioka of Tokyo University, believe that these concessions have gone too far, and that school textbooks should be censored to delete all references to Japanese war guilt and atrocities, and to instil national pride rather than shame. Students of history interested in pursuing this aspect of a particularly brutal war may wish to examine the books and web-sites listed at the end of this chapter. Those are not dolls, they are killed babies Many killed bodies |
Unfortunately or fortunately? This photo can't be seen unless going to the original source, "Murder of Innocents". The Japanese took the Chinese innocent victims and cut their hearts out while they were alive, tied to a stake, men had their penises cut off and other organs exposed, alive these PEOPLE were and the Japanese acted as though they were not part of the same species, very-very criminally insane. And that's our ALLY because POTUS#44 is exactly what he is and he says so loud and clear. TIME FOR CHANGE? Do we know what the MONSTERS are planning? And do we KNOW that there isn't going to be another rape of China and Russia! No, just as there has not been a continued rape of Syria, Iran, Et Al, as was already done in the countries that we know. THE criminally insane are killing people for the agenda of those that are of our own species and completely, once more, out of control. Time to make the change happen before anymore of the United Kingdom, Saudi, Israeli, America, Japan, Et Al, criminal insanity. |
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1904, Suzanne Bloch, Picasso |