Anonymous link HERE IT IS !! B of A must be SH*$&ING THEMSELVES

[Snoutport]

http://bankofamericasuck.com/03/13/ex-bank-of-ameica-employee-can-prove-mortgage-fraud-part-1

[DearAbby]

1. not yet

[Hissyspit]

48. LBN Thread Here:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4769537&mesg_id=4769537

[IScreamSundays]

2. I got an error message for a while

but just was able to access bankofamericasuck.com

[Dappleganger]

4. ok, I'm in and watching the movie.

[themadstork]

25. Where do you see a movie??

I can't find it?

[Dappleganger]

3. They know and are working on it.

[Snoutport]

5. Updated the orignal post with working link.

reading it now...

[1monster]

14. It's back to being "temporarily out of service"...

[Duer 157099]

6. Perhaps those of you who can get to the content could tell us about it?

I tried but wasn't able.

[joshcryer]

12. Just refresh, it loads, it's just being hammered.

[defendandprotect]

26. That works -- REFRESH --

[handmade34]

23. ...

animated presentation about history of money, banks, FED and IRS... nothing new... just stuff we all should know if we had a decent educational system

[jwirr]

43. There are two bank of america posts - the animated history and

the stuff released by wikileaks. I think they were both posted by anonymous but they are two different items.

[Dappleganger]

7. Here's the link to the video on youtube...

http://www.youtube.com/watch?v=ZPWH5TlbloU&feature=player_embedded

[msongs]

13. hmm that vid has been up since January nt

[jwirr]

16. I just watched it - pretty good. Interested in what others think.

[jwirr]

8. Too much traffic at the moment probably.

[Snoutport]

9. I got about 1/3 of the way before it went down again. must be swamped.

Morgage insurance fraud? I didn't get very far.

[Skip_In_Boulder]

10. BoA already has a statement out saying

"Aw, no big deal."

Guess we will just have to take a look and see.

http://www.huffingtonpost.com/2011/03/13/bank-of-america-leak-anonymous-wikileaks_n_835185.html

[Snoutport]

35. is B of A a big republican contributor?

[Skip_In_Boulder]

37. Well yeah, they're a bank. n/t

[JackRiddler]

68. They're a big "contributor" (buyer) of politicians in bunches, D or R.

[Snoutport]

36. is B of A a big republican contributor?

anyone know?

[TBF]

58. No big deal as in "we own this government". We'll see - the emails I was

able to get in and read are pretty damning.

[joshcryer]

11. Wow, they removed loan numbers from their system illegally it appears.

Some people just lost their jobs if they still have them.

[Snoutport]

15. can anyone translate for us laymen?

[OneGrassRoot]

60. +1000, and I still can't bring the site up (and I'm hitting refresh). Thanks. :) n/t

[JCMach1]

17. Just mucked through it, if true this is a smoking gun for loan fraud...

Which I think was the point Anonymous wanted to make... Note, this is Part 1!

[Mimosa]

19. Yes, and the US government has funded BoA's criminal activities. n/t

[Snoutport]

22. Part 2 might be even better! nt

[TBF]

59. That's what I got from it too -

whether they can prove they are institutionalized policies, or they pin it on certain scapegoats, remains to be seen.

[mrarundale]

18. We're not seeing anything we are not supposed to see

Most of the stuff anonymous "leaks" follows mainstream propaganda. I don't know what the angle is on this,though. If something happens to BoA as a result of this (which I doubt) then that was probably the original intent.

[Lucinda]

20. It loaded after several refreshes...but half the graphics aren't loading

I assume traffic is the reason for the sloooow load. Can't wait to read this when I can get a good load. Thank you for the link!

[pinkkillersheep]

21. AHHH! I have 2 finals tomorrow, but I would desperately rather be paying attention to this!

Curse you for putting me in this quandary.

[starroute]

24. You can get the Reader's Digest version at zerohedge.com

Loads faster and gives just the high points.

http://www.zerohedge.com/article/operation-leaks-releases-initial-bofa-emails-indicating-premeditated-intent-deceive-governme

[Snoutport]

27. Good Link!

That had easy to read info

[certainot]

54. didn't reader's digest 'used to be' part CIA ?

[DearAbby]

28. this on Twitter

OperationLeakS leaks boosted by #AnonLeaks - one archive here: http://uiu.me/U.zip & torrent here: http://thepiratebay.org/torrent/6241472

[Kalun D]

29. All This is Common Knowledge

during the Reagan years they convicted about 2,000 bankers for the 80's savings and loan scandals, which were very similar in nature to our 2008 blowup.

the only difference is that this time the bankers and wall street own the congress and white house

So the Obama "justice" department is going to look the other way this time.

[Snoutport]

31. common knowledge and proof are two different things

But it might get the ball rolling?
There is a part 2 coming as well.

[joshcryer]

33. Yeah this time they legalized their criminality.

[Snoutport]

34. legalized and normalized nt

[DearAbby]

30. "Operation LeakS" Releases Initial BofA Emails Indicating Premeditated Intent To Deceive Government

From Operation LeakS' site, http://bankofamericasuck.com, here is the initial release of what appears to be a whistleblower's (former employee) disclosure that Brian Moynihan's firm is lying to the Federal government. The punchline is that this appears to be a concerted effort from the ground up to hide foreclosure data from auditors and the Fed in order to obtain select preferential treatment in a variety of housing related axes, in many instances to accelerate foreclosures. As the whistleblower summarizes: "Balboa Insurance/Countrywide knowingly hiding foreclosure information from federal auditors during the federal takeovers of IndyMac Federal (a subsidiary of OneWest) and Aurora Loan Services (a subsidiary of Lehman Bros Holdings), falsifying loan documentation in order to proceed with foreclosures by fixing letter cycles in the system, reporting incorrect volumes to all of their lenders and to the federal auditors to avoid fines for falling behind on Loan Modifications, purposefully and knowingly adjusting premiums for REO insurance for their corporate clients while denying forebearances for individual borrowers, etc, etc, etc.

In addition, if anyone can get me a copy of the image of the hard drive that Jullian Assange reportedly has from the BofA executive, it will not take a dozen financial analysis to decipher it like I've read in the news. I could find all the dirt on that hard drive within a week." We'll see if Assange steps up. In the meantime we expect Brian Moynihan, or rather Ken Lewis who was in control back then, to pull a Dick Fuld and tell a Congressional hearing he had no idea any of this was happening, leading to the termination of some mid-level employee, notably the person who invalidated the following concerns: "I'm just a little concerned about the impact this has on the department and company. Why are we removing all record of this error?... There is always going to be the paper trail when one of these sent documents come back, this to me, seems to be a huge red flag for the auditors...This just doesn't seem right to me." That's ok - it will most certainly seem right to everyone in "law enforcement."

http://www.zerohedge.com/article/operation-leaks-releases-initial-bofa-emails-indicating-premeditated-intent-deceive-governme

[jaysunb]

32. Maybe this is the way history should be taught .

Pretty easy to understand, and it sorta saddens me that certain groups like the Liberterians are actually right about "some" things.

[pinkkillersheep]

38. Anyone else worried this isn't enough?

[Snoutport]

62. yes :0( part 2 might be more... obvious?

[dogday]

39. Server was down due to traffic, is open now n/t

[peacockblue]

40. I'm afraid this is no big deal

Hey guys...I've only read the information on the link provided by the OP, but if this is all they have, its nothing. I've been in the business of insurance tracking for loans for 20 plus years and this is not what it seems.

See, when a mortgagor does not have sufficient insurance, the insurance tracking outsourcer (Balboa in this case) sends letters to the customer advising they don't have adequate insurance, and lets the customer know that if they don't obtain adequate insurance by a certain date, then the lender placed (a.k.a. forced place) insurance will be placed on their loans, and their escrow collection amount will be adjusted accordingly to accomodate the higher premium.

First off, there is a legitimate reason that the premium for lender placed insurance is so high. The insurance carrier that will provide the lender placed policy is taking a risk because they have agreed to cover all of the involved properties "sight unseen". They don't get to do the risk evaluation that normally occurs when you get homeowner's insurance on your own. Because they may very well be insuring a property that is high risk, they have a higher probability of taking a loss on these properties. This warrants a higher premium.

Secondly, what we have here is nothing more than a letter cycle error being corrected. The systems used by these insurance tracking companies such as Balboa are like any other computer system. Bugs sometimes appear in the software...and errors sometimes occur when the employee that orders the letter cycle to commence makes a mistake. Because of this, sometimes letters go out to customers in error stating they don't have adequate insurance when indeed they do.

When the insurance tracking company needs to correct this, they will send out notices to those mortgagors that received the letter in error, letting them know it's an error (if the letters actually went out.) If they can catch the error in time, they can stop the printing and mailing of the letters, and the customer is not impacted by the error. If the letters can be stopped, then the insurance tracking company needs to remove the history of those letters going out from the document archives...otherwise the archives will show a letter going out to the customer indicating insufficient insurance...when no such letter was ever sent and no such incident of insufficient insurance occured on the loan.

This is nothing more than correcting an error. They aren't trying to hide anything. The removal of loan numbers is just an attempt to keep that erroneous entry of a letter being sent, from becoming a part of the loan history since it is not an accurate part of the history.

Again, they're going to have to come up with something better than this, or this "leak" will end up being the laughing stock of the industry.

[pinkkillersheep]

41. Thanks for the info

Good to know, even if it does break my heart. It doesn't really sound like this guy is high enough up to have anything very damaging. I guess BoA escapes public scrutiny once again.

[peacockblue]

45. I agree on the sad part...

Sounds like this employee felt very unappreciated at the company, which I always find to be a sad situation. Instead of just moving on, he has burnt bridges by stealing information he doesn't understand and putting it out there as something that it isn't. He certainly has ruined any chance of using the skills gained in the industry in a job elsewhere in that industry.

[Cleita]

56. Yes, we must protect the criminal activities of

the company no matter what because that would be disloyal to all those who profit from the fleecing of the little man.

[myrna minx]

61. Yeah - this is a case of a disgruntled "bad apple".

:rofl:

[nc4bo]

42. Let's see what Part 2 brings before rushing to judge? nt

[Iggo]

46. Well, now I REALLY want to see it.

B-)

[jwirr]

47. That they put insurance on the loan is no surprise but what about

removing the numbers for tracking them? The charge is not about the loans - it is about deceiving the government auditors.

[peacockblue]

49. They shouldn't be tracked

Think of it like this.

Let's say you have a check book that has the duplicate copies that creates a "carbon" copy of every check you write.

Suppose that you wrote a check to XYZ for $50.00 for plants, but then decided for some reason that you actually have enough cash in your pocket to pay with cash rather than a check and choose to pay with cash. You ask for the check you just wrote and handed to the cashier, and give her the cash instead... and you would void the check or tear it up. You would also, however, want to take that "carbon" check copy that was created when you wrote the check out of your checkbook, and tear it up. Otherwise, if you go through your carbon copies to balance your checkbook later, it would look like you had paid that $50.00 to XYZ company out of your checking account...when you actually voided the check itself and paid with cash instead.

Removing the loan numbers will prevent the system from updating the loans to show a letter going out to the homeowner that didn't actually go out. When a letter cycle is run, the system sends a file that will update every loan in the letter cycle so that it shows that particular letter going out. If they are able to stop the actual erroneously ordered hard copy letter from being sent to the homeowner, they need to also keep the system from updating the loans on the letter cycle list.

They aren't deceiving the auditors. What would be deceiving to the auditors is if they saw a loan history showing a letter going out that didn't actually go out, for an insufficient insurance situation that didn't exist. If they audit a loan file and see such a letter, and then look at the loan and see no sign that the insurance was ever inadequate...that would be a big problem. What the auditors want to see is that the letter history for each loan matches the insurance coverage circumstance at the time any letter was sent.

Keep in mind that the correction process is documented and provided upon request to the auditors if they see something that they think doesn't match. And believe me, those auditors don't miss much.

[Oilwellian]

50. Do you really expect us to believe...

auditors don't miss much? :rofl:

[peacockblue]

51. When it involves the govt collecting fines...

...they work real hard at finding anything "amiss" in an audit that they can. Govt wants those fines, you know. :)

[RadiationTherapy]

55. "Govt wants those fines, you know."

Is that right? Isn't the government using those regulatory fines to keep large companies from abusing the American public??

[jwirr]

67. When they are dealing with deliberately hidden things. Yes.

[BR_Parkway]

52. Wow, that just sums it all up in a pretty little bow for us - nothing to see

here, move along everyone.

Nice job. But I think your answers smell like pure bullshit.

If all this stuff is so "routine" according to you - then Peggy wouldn't be getting special permission from her supervisor to comply with such an unusual request.

And me personally? I'd just write VOID on the carbon copy check as well instead of tearing it out of the booklet.

[KathieG]

53. Yep...all routine, nothing to see here folks

[Snoutport]

65. maybe...part 2 could be the kicker

[Snoutport]

63. GOOD EXPLANATION! So...they did break important laws?

That really helped me understand.

[AlabamaLibrul]

66. DUZY! "Those auditors don't miss much." n/t

[mmonk]

57. I have experienced the insurance loan tracking myself

with one of my income properties. What I do not like about it if you paid a policy late but still paid it, they take out their policy anyway and charge you. Then you have to get them to credit you back.

[Snoutport]

64. the same happened to me

I had insurance on my house since I bought it but then they LOST the forms, made me send new ones. The insurance company took a month to get me papers then the loan people started charging me insurance because they said the insurance company sent the wrong info. I'll bet i am still paying interest on that insurance I never needed and will for the entire time i have my house.

[nc4bo]

44. Also available on ThePirateBay in torrent form...link inside

http://thepiratebay.org/torrent/6241472