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kpete

(71,986 posts)
Fri Jan 20, 2012, 11:21 AM Jan 2012

INSIGHT: TOP JUSTICE OFFICIALS CONNECTED TO MORTGAGE BANKS

By Scot J. Paltrow
Fri Jan 20, 2012 9:31am EST
(Reuters) - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

The firm, Covington & Burling, is one of Washington's biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.

Both the Justice Department and Covington declined to say if either official had personally worked on matters for the big mortgage industry clients. Justice Department spokeswoman Tracy Schmaler said Holder and Breuer had complied fully with conflict of interest regulations, but she declined to say if they had recused themselves from any matters related to the former clients.

Reuters reported in December that under Holder and Breuer, the Justice Department hasn't brought any criminal cases against big banks or other companies involved in mortgage servicing, even though copious evidence has surfaced of apparent criminal violations in foreclosure cases.

the rest:
http://4closurefraud.org/2012/01/20/reuters-insight-top-justice-officials-eric-holder-and-lanny-breuer-connected-to-banks-freddie-fannie-and-mers/?utm_source=rss&utm_medium=rss&utm_campaign=reuters-insight-top-justice-officials-eric-holder-and-lanny-breuer-connected-to-banks-freddie-fannie-and-mers

37 replies = new reply since forum marked as read
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INSIGHT: TOP JUSTICE OFFICIALS CONNECTED TO MORTGAGE BANKS (Original Post) kpete Jan 2012 OP
How does that saying go? The fish Autumn Jan 2012 #1
I'd quote that beginning scene in Casablanca, but ChairmanAgnostic Jan 2012 #2
Ain't that the truth,,, russspeakeasy Jan 2012 #3
Here is the original link.... xocet Jan 2012 #4
Now we know where/why O got -- Hell Hath No Fury Jan 2012 #5
But, but, but they didn't have cannabis and stuff. Uncle Joe Jan 2012 #6
Explains why Bankster have had a "Free Pass" FreakinDJ Jan 2012 #7
When Holder sulphurdunn Jan 2012 #8
I'd like to think I'd be principled and do the right thing... Scuba Jan 2012 #9
You must not be a politician from Chicago. AnotherMcIntosh Jan 2012 #20
ok. That explains a lot of things....... robinlynne Jan 2012 #10
Time to fire him and appoint somebody who will actually do their job right. Tiggeroshii Jan 2012 #11
You really think he DIDN'T know what he was getting ... Myrina Jan 2012 #12
YOU don't get to vote for Attorney General Hawkowl Jan 2012 #13
That's a legitimate point Tiggeroshii Jan 2012 #15
You need to fire Obama too. He hired Holder. n/t Hotler Jan 2012 #30
This is such a travesty. midnight Jan 2012 #14
Maybe Obama didn't know this when he appointed them. AnotherMcIntosh Jan 2012 #16
riiiiiight wwytchwood Jan 2012 #17
Now that he does know, I'm sure that he'll get right on that. AnotherMcIntosh Jan 2012 #19
The last few sarcastic posts were so obvious that there was no need for the "sarcasm" tag, what... webDude Jan 2012 #24
a sleazy breeze of stench in the air merkins Jan 2012 #18
Let's hope that the State Attorney Generals are not similarly connected. AnotherMcIntosh Jan 2012 #21
Not in CA they aren't eridani Jan 2012 #26
The revolving door of politics and bankers. sarcasmo Jan 2012 #22
k & r girl gone mad Jan 2012 #23
K&R Solly Mack Jan 2012 #25
interesting. Don't know why I didn't suspect Holder's connection 2banon Jan 2012 #27
Good find dreamnightwind Jan 2012 #28
You're kidding me!!! Juneboarder Jan 2012 #29
I was forced to stop paying my mortgage and when they started sending letters lunatica Jan 2012 #35
MOTHER FUCKERS! I no longer have any respect for this administration. Hotler Jan 2012 #31
yup.... our political system is broken fascisthunter Jan 2012 #33
No Conflict of Interest there..... lol fascisthunter Jan 2012 #32
Another word for ignoring conflict of interest is corruption lunatica Jan 2012 #34
It is a song repeated over and over again lovuian Jan 2012 #36
K&R woo me with science Jan 2012 #37

ChairmanAgnostic

(28,017 posts)
2. I'd quote that beginning scene in Casablanca, but
Fri Jan 20, 2012, 11:40 AM
Jan 2012

it doesn't even hint at the disgust and cold anger that I feel at today's DOJ.

xocet

(3,871 posts)
4. Here is the original link....
Fri Jan 20, 2012, 12:09 PM
Jan 2012
Insight: Top Justice officials connected to mortgage banks
By Scot J. Paltrow
Fri Jan 20, 2012 9:31am EST


(Reuters) - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

The firm, Covington & Burling, is one of Washington's biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.

Both the Justice Department and Covington declined to say if either official had personally worked on matters for the big mortgage industry clients. Justice Department spokeswoman Tracy Schmaler said Holder and Breuer had complied fully with conflict of interest regulations, but she declined to say if they had recused themselves from any matters related to the former clients.

Reuters reported in December that under Holder and Breuer, the Justice Department hasn't brought any criminal cases against big banks or other companies involved in mortgage servicing, even though copious evidence has surfaced of apparent criminal violations in foreclosure cases.

...

http://www.reuters.com/article/2012/01/20/us-usa-holder-mortgage-idUSTRE80J0PH20120120
 

FreakinDJ

(17,644 posts)
7. Explains why Bankster have had a "Free Pass"
Fri Jan 20, 2012, 01:32 PM
Jan 2012

for causing the Economic Melt Down and then practicing Vulture Capitalism on the Homeowners

 

sulphurdunn

(6,891 posts)
8. When Holder
Fri Jan 20, 2012, 01:33 PM
Jan 2012

leaves the DOJ he can move to K Street with a nice ten fold increase in his income... unless he crosses the banks, then he'll just be out of a job. Those are his choices. What would you do? What would I do?

 

Scuba

(53,475 posts)
9. I'd like to think I'd be principled and do the right thing...
Fri Jan 20, 2012, 01:46 PM
Jan 2012

... it's cost me jobs in the past but at least I can still look myself in the mirror each day. Eric is not going to starve living under a bridge after he leaves his post.


Anything less is traitorous.

 

Tiggeroshii

(11,088 posts)
11. Time to fire him and appoint somebody who will actually do their job right.
Fri Jan 20, 2012, 02:14 PM
Jan 2012

I vote Kamala Harris!

Myrina

(12,296 posts)
12. You really think he DIDN'T know what he was getting ...
Fri Jan 20, 2012, 02:16 PM
Jan 2012

... when he appointed them in the first place?

 

Hawkowl

(5,213 posts)
13. YOU don't get to vote for Attorney General
Fri Jan 20, 2012, 02:48 PM
Jan 2012

You'll take whomever the bankster backed president tells you to take. Just be thankful it's not a republican because....
Well, just because it would be terrible!

 

Tiggeroshii

(11,088 posts)
15. That's a legitimate point
Fri Jan 20, 2012, 03:27 PM
Jan 2012

But when there is enough political backlash over something, the banksters start to lose their say and maybe the Administration is actually forced to pick someone who will do their job.

 

webDude

(875 posts)
24. The last few sarcastic posts were so obvious that there was no need for the "sarcasm" tag, what...
Fri Jan 20, 2012, 09:33 PM
Jan 2012

...does that say about our President, eh?

 

2banon

(7,321 posts)
27. interesting. Don't know why I didn't suspect Holder's connection
Sat Jan 21, 2012, 01:54 AM
Jan 2012

So who picked Holder in the first place? Must have been the banksters, Geitner or Bernacke. I had assumed he was Obama's personal choice, due to close friendship, is what I thought I remembered reading at the time.

Wow. okay that explains a lot.

Juneboarder

(1,732 posts)
29. You're kidding me!!!
Sat Jan 21, 2012, 10:27 AM
Jan 2012


I've been dealing with numerous governmental agencies from local to state to federal with regard to my upside down mortgage. My wife and I got shammed into a liar loan in 2006 and we've now lost half our value and have no way to save our home from inevitable foreclosure, as our 2nd balloons in 4 years and we don't have a huge chunk of cash to pay it. All we've been asking for over a year now is that they (lender) refi our loan into a 30 year fixed; forget about any principal limit reductions... we agreed to the balance and we're just trying to be responsible and pay the bills we took on.

All I have to say is that I sent out over 250 letters and got back possibly 15 return mails, so a large portion of my letters were delivered. Responses from everyone so far have been nothing but disheartening. "You pay your bills on time, so there's nothing we can do for you."

Our only hope is that the CFPB or Fannie Mae comes through for me, but it's my experience that none of the bastards give a crap about the average citizen. Republican, democrat... equally corrupt representatives.

I did see a few comments regarding Attorney Generals in this thread, and I have to say that Kamala Harris' response to my letter was so disgustingly boiler plate.

lunatica

(53,410 posts)
35. I was forced to stop paying my mortgage and when they started sending letters
Sat Jan 21, 2012, 10:59 AM
Jan 2012

threatening foreclosure (they have a legal path they must follow for a few months) I applied for a loan modification. To my great surprise they gave me one. Evidently the system works for you if you stop being reliable. I do have a job which must have been the deciding factor. This was a year ago.

A caveat though, your IRS W2 will reflect the months you don't pay your mortgage so you'll end up owing taxes.

edited for spelling and bad grammar.

Hotler

(11,420 posts)
31. MOTHER FUCKERS! I no longer have any respect for this administration.
Sat Jan 21, 2012, 10:44 AM
Jan 2012

Nothing is going to start to change until tens of thousands of citizens take to streets in every state.

 

fascisthunter

(29,381 posts)
32. No Conflict of Interest there..... lol
Sat Jan 21, 2012, 10:47 AM
Jan 2012

criminal.... and one day, all these players will and should be held responsible for the damage they have done.

lunatica

(53,410 posts)
34. Another word for ignoring conflict of interest is corruption
Sat Jan 21, 2012, 10:49 AM
Jan 2012

Only the densest teabaggers don't get it by now.

lovuian

(19,362 posts)
36. It is a song repeated over and over again
Sat Jan 21, 2012, 06:59 PM
Jan 2012

The GAO confirmed it as well for other agencies such as the Federal Reserve

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