FarCenter
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Mon Dec-05-11 10:55 AM
Response to Reply #4 |
| 9. It is not predatory lending; it is outright fraud |
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Fabricating signatures on loan application documents, for example, is fraud. Claiming that a mortgage is for a principle residence when it is for a rental is fraud.
How are the AGs of CA, NV, AZ, FL and MI doing?
Those are the states with the highest rates of foreclosures.
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| -Ex-Countrywide Exec Blows The Lid Off The Systemic Fraud At The Company |
FarCenter |
Dec-05-11 10:15 AM |
#0 |
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Can't expect help from DOJ-they only do pot smokers from Calif.! |
dmosh42 |
Dec-05-11 10:34 AM |
#1 |
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DOJ. "Doing Our Job" Protecting our friends in high places. |
russspeakeasy |
Dec-05-11 10:43 AM |
#6 |
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Protecting corporate criminals and war criminals since Jan. 2001. |
OnyxCollie |
Dec-05-11 01:30 PM |
#18 |
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Yep, they'll point to DOJ after medical pot users and say see how well |
RKP5637 |
Dec-05-11 09:36 PM |
#47 |
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"Why isn't Angelo Mozilo in prison?" |
DCKit |
Dec-05-11 10:34 AM |
#2 |
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Plus, too many politicians on his "Friends of Mozilo" list getting cheap mortgages |
FarCenter |
Dec-05-11 10:38 AM |
#3 |
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Are you claiming that Dodd intervened in Mozilo's trial? |
banned from Kos |
Dec-05-11 10:40 AM |
#5 |
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There was no trial |
FarCenter |
Dec-05-11 10:51 AM |
#8 |
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But how did Dodd help Mozilo? |
banned from Kos |
Dec-05-11 11:04 AM |
#12 |
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How extensive was the immunity? Surely with a crime complex on this scale... |
JackRiddler |
Dec-05-11 10:43 AM |
#7 |
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+ a brazillion! |
Enthusiast |
Dec-05-11 02:52 PM |
#27 |
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His deal was with SEC, which does not do criminal, only civil charges. |
dixiegrrrrl |
Dec-06-11 05:28 AM |
#49 |
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The state AG's are at fault if anyone is. Mortgage origination law varies by state. |
banned from Kos |
Dec-05-11 10:38 AM |
#4 |
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It is not predatory lending; it is outright fraud |
FarCenter |
Dec-05-11 10:55 AM |
#9 |
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"federal law would have to be violated" ? |
russspeakeasy |
Dec-05-11 10:58 AM |
#10 |
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RICO |
Fuddnik |
Dec-05-11 11:09 AM |
#13 |
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Wire fraud. Falsifying applications on government backed (FHA, VA, USDA etc.) loans etc. |
Hassin Bin Sober |
Dec-05-11 04:18 PM |
#30 |
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Well, |
MFrohike |
Dec-05-11 06:17 PM |
#39 |
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Hello, the federal government can get involved in just about anything they want. |
rhett o rick |
Dec-06-11 07:56 AM |
#53 |
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The real fraud was probably in the sale of the lousy mortgages. |
No Elephants |
Dec-06-11 08:13 AM |
#54 |
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What a load |
ooglymoogly |
Dec-06-11 09:31 AM |
#60 |
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Criminal activity there? Yes. Give me(60 minutes) the names? No. Give names to a grand jury? Yes! |
Festivito |
Dec-05-11 10:59 AM |
#11 |
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She got canned JUST before the investigators were to |
Plucketeer |
Dec-05-11 02:04 PM |
#19 |
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k&r n/t |
Hotler |
Dec-05-11 11:27 AM |
#14 |
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Criminals. |
sarcasmo |
Dec-05-11 11:35 AM |
#15 |
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Get with the program. That's not the right question... |
Xtraneous |
Dec-05-11 11:39 AM |
#16 |
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The fraud starts in both parties that are corrupt |
JJW |
Dec-05-11 01:30 PM |
#17 |
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Plus one! nt |
Enthusiast |
Dec-05-11 02:59 PM |
#28 |
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K&R for answers, and the best creative excuses... |
midnight |
Dec-05-11 02:09 PM |
#20 |
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''Why isn't Angelo Mozilo in prison?'' |
DeSwiss |
Dec-05-11 02:13 PM |
#21 |
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What difference between today's capitalism and the Soprano's. .... ???? |
defendandprotect |
Dec-05-11 02:20 PM |
#22 |
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If you remember John Gotti, who they claimed was taking in 20 million a year... |
dmosh42 |
Dec-06-11 09:08 AM |
#57 |
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Give a man a gun and he can rob a bank.... |
Scruffy1 |
Dec-05-11 02:47 PM |
#23 |
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This means nothing - Calling her a "senior executive" is completely off base |
taught_me_patience |
Dec-05-11 02:48 PM |
#24 |
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K&R And fuck the banksters. |
EFerrari |
Dec-05-11 02:49 PM |
#25 |
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There was fraud in all these companies, not just Countrywide. |
Enthusiast |
Dec-05-11 02:50 PM |
#26 |
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You are correct. Countrywide WAS better at it though..... |
Hassin Bin Sober |
Dec-05-11 04:35 PM |
#32 |
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Unbelievable. nt |
Enthusiast |
Dec-05-11 05:21 PM |
#33 |
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I'll never forget the first time I saw Mozillo.... |
AnneD |
Dec-05-11 04:02 PM |
#29 |
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Bravo! |
chervilant |
Dec-05-11 07:47 PM |
#41 |
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We hail from the same city.... |
AnneD |
Dec-06-11 04:04 PM |
#61 |
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Thanks, AnneD |
chervilant |
Dec-06-11 10:25 PM |
#62 |
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Speaking as a School Nurse... |
AnneD |
Dec-07-11 08:59 AM |
#63 |
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You are |
chervilant |
Dec-07-11 11:47 AM |
#66 |
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Prison isn't for the major fraudsters in the corporate hierarchy: prison is for the little people: |
indepat |
Dec-05-11 04:30 PM |
#31 |
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Maybe |
lsewpershad |
Dec-05-11 05:21 PM |
#34 |
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More evidence that Americans hate Americans. |
gtar100 |
Dec-05-11 05:28 PM |
#35 |
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Anybody have a link to Bush's infamous "let corporations police themselves"? |
mistertrickster |
Dec-05-11 05:32 PM |
#36 |
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Isn't it just horrible what all those unmoneyed people forced Countrywide to do? |
gratuitous |
Dec-05-11 05:34 PM |
#37 |
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Even well before the 2008 crash, everyone knew Countrywide was as shady as thy come. |
No Elephants |
Dec-05-11 06:00 PM |
#38 |
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DOJ is busy busting 78 year old cancer patients for pot.... |
lib2DaBone |
Dec-05-11 06:37 PM |
#40 |
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I worked in the consumer finance division of citigroup |
citizen blues |
Dec-05-11 07:54 PM |
#42 |
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If the Feds or the States are Not Bringing Suit, |
On the Road |
Dec-05-11 08:15 PM |
#43 |
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eh, no worries on that |
Celebration |
Dec-05-11 08:42 PM |
#44 |
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I always thought faking signatures on legal documents would land you in jail. Silly me. |
Kablooie |
Dec-05-11 08:58 PM |
#45 |
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Two branches in the Bay Area were shut down in '07 - found light tables in the back. |
bluesbassman |
Dec-05-11 09:25 PM |
#46 |
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not really breaking news though. |
BootinUp |
Dec-05-11 10:08 PM |
#48 |
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HUGE K & R !!! |
WillyT |
Dec-06-11 06:13 AM |
#50 |
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Where to begin? |
fasttense |
Dec-06-11 06:59 AM |
#51 |
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It's not only D of J. The SEC is a miserable failute anymore as well. |
No Elephants |
Dec-06-11 08:18 AM |
#55 |
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yeah, it seems like the SEC is there to PROTECT |
newspeak |
Dec-07-11 09:14 AM |
#64 |
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during the s&l scandal people went to jail |
madrchsod |
Dec-06-11 07:03 AM |
#52 |
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Dunno, but here is an interesting article comparising the lack of federal prosecutions now |
No Elephants |
Dec-06-11 08:26 AM |
#56 |
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our fed gov is breaking down---it's not just the military that's contracting, it's fed agencies, too |
wordpix |
Dec-06-11 09:24 AM |
#59 |
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I believe the junk bond king, michael milken |
newspeak |
Dec-07-11 09:24 AM |
#65 |
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this morning on the news in las vegas |
newspeak |
Dec-06-11 09:16 AM |
#58 |
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