Top Justice officials connected to mortgage banks

More proof that the corrupt Political Class (tm) in Washington and criminal big business and special interest are out to screw us...

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.

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.

In recent weeks the Justice Department has come under renewed pressure from members of Congress, state and local officials and homeowners' lawyers to open a wide-ranging criminal investigation of mortgage servicers, the biggest of which have been Covington clients. So far Justice officials haven't responded publicly to any of the requests.

... the background of Holder and Breuer at Covington -- and their failure to act on foreclosure fraud or publicly recuse themselves -- "doesn't pass the smell test."

http://old.news.yahoo.com/s/nm/20120120 ... r_mortgage

Would anyone out there like to give me some reasons why the Obama DOJ seems to be reluctant to open an investigation on these matters?

If they were involved with YOUR money and mortgage would you want them investigated?? My guess is NO..

THIS information is NOT news,look further into the "key main players'(Bernake,Summers,Geithner,and OTHERS) who have been orchestrating MANY things behind the scenes and have been doing so thru several administrations (NOT just O's)........read my sig
line......(Once again, it's been my sig line for many years.).....if you are not outraged, you are NOT paying attention.....guess no one
has been paying attention for a VERY long time......(easier that way, I guess)......JMO

homeagain wrote: THIS information is NOT news,look further into the "key main players'(Bernake,Summers,Geithner,and OTHERS) who have been orchestrating MANY things behind the scenes and have been doing so thru several administrations (NOT just O's)........read my sig
line......(Once again, it's been my sig line for many years.).....if you are not outraged, you are NOT paying attention.....guess no one
has been paying attention for a VERY long time......(easier that way, I guess)......JMO

First off... I have been paying attention, that's why I seek out information like this. So... stop your bullsh** about me "not paying attention". And this is not old news. This is continuing news. And if you actually read the article from beginning to end, you would realize that. And I never suggested that this has been going on only through Obama's administration. Evidently your reading comprehension skills are lacking otherwise you would not be accusing me of not paying attention. And big whoopee... you've had your signature line for many years... I guess in your mind that's the last say on the topic... you've been saying it for many years, so no one else has anything to offer.

Geeeeesssshhhhh...

I apologize, I meant to insert the word collectively paying attention.......(the phone rang, I screwed up....)My outrage is this.......
when you follow this fubar we are in you realize there are a number of key decisions that have been made by a number key players
that have COMPOUNDED the situation we are in rather than resolve or mitigate it. It's been going on for a decade or so and just
continues to worsen......which then leads to the statement I made, "IF you are not outraged, you are NOT paying attention."

homeagain wrote: I apologize, I meant to insert the word collectively paying attention.......(the phone rang, I screwed up....)My outrage is this.......
when you follow this fubar we are in you realize there are a number of key decisions that have been made by a number key players
that have COMPOUNDED the situation we are in rather than resolve or mitigate it. It's been going on for a decade or so and just
continues to worsen......which then leads to the statement I made, "IF you are not outraged, you are NOT paying attention."

Noted. Thanks.

Sucks if they had a hand in it, just more proof that we should remove the regulation and put natural risks back at play, these unpredictable risks are getting a little bit old. I liked the old system where people that don't pay attention get screwed, rather than everyone.

on the flip side, even with regulations and influence....

No one has to do business with larger banks, it is kind of funny, the media tends to write off small banks just like they Ron Paul, like they are a myth or somthing. Small banks rarely had issues, but are still paying the price now. The only reason big bank influence on govt will persist at this scale past noon today is because most Americans will leave their deposits in these banks, because they decided to leave their influence, echem, I mean money there.

Regulations are just code word for a chance to influence the system by those that have the levers. Then we have elections to decide who will man the levers.

Popcorn Eater wrote: Sucks if they had a hand in it, just more proof that we should remove the regulation and put natural risks back at play, these unpredictable risks are getting a little bit old. I liked the old system where people that don't pay attention get screwed, rather than everyone.

on the flip side, even with regulations and influence....

No one has to do business with larger banks, it is kind of funny, the media tends to write off small banks just like they Ron Paul, like they are a myth or somthing. Small banks rarely had issues, but are still paying the price now. The only reason big bank influence on govt will persist at this scale past noon today is because most Americans will leave their deposits in these banks, because they decided to leave their influence, echem, I mean money there.

Regulations are just code word for a chance to influence the system by those that have the levers. Then we have elections to decide who will man the levers.

People write off Ron Paul because he's a proven racist, homophobe, conspiracy nut and his foreign policy is non-existent. Got that?

Perhaps you are unaware the OCC has mandated an audit of the fourteen largest mortgage lenders and servicers which is currently occurring and scheduled to end later this year. One issue of the audit is whether the banks foreclosed appropriately against borrowers. There are many facets to the audit, and there will be repercussions to the banks from the findings.

The split between "small" banks and "large" banks is mostly a made up idea...the only way for "small" banks to do business such as lending out millions of dollars per month for residential or commercial real estate is to then turn to the big banks and sell those loans to them. Do you think the local credit union has a few billion dollars sitting in their little safe? No, so they originate some loans, but have to sell those off to maintain liquid for their operations. Now, I will agree that some (if not all) of the biggest banks are primarily responsible for many of the problems, as they set the rules the smaller banks had to live with to stay in business...but don't imagine the smaller banks are out to protect you anymore than the big banks.

I've said this all along: the mortgage collapse and meltdown was due to fault AT EVERY LEVEL. EVERY level...from the investors to the lenders to the originators to the appraisers to the title companies to the credit reporting agencies...all the way down to the borrowers. Yes, you and you and you and you and me all share some responsibility in the collapse. If you want to point a finger, point it in a mirror first. Its amazing that the one group who profitted the most from this whole mess is the same group the conservatives want to continue to defend - Wall St. Wall St. investors screamed for more product and for more loosening of guidelines. The "sub-prime" mess was not created by FNMA/FHLMC, it happened because Wall St. wanted more product to bundle into securities. They wanted low FICO, weak income and asset loans, that they then took hedges against, then profitted tenfold (hundredfold? thousandfold? millionfold?)when it all fell apart.

plaidvillain wrote: Perhaps you are unaware the OCC has mandated an audit of the fourteen largest mortgage lenders and servicers which is currently occurring and scheduled to end later this year. One issue of the audit is whether the banks foreclosed appropriately against borrowers. There are many facets to the audit, and there will be repercussions to the banks from the findings.

The split between "small" banks and "large" banks is mostly a made up idea...the only way for "small" banks to do business such as lending out millions of dollars per month for residential or commercial real estate is to then turn to the big banks and sell those loans to them. Do you think the local credit union has a few billion dollars sitting in their little safe? No, so they originate some loans, but have to sell those off to maintain liquid for their operations. Now, I will agree that some (if not all) of the biggest banks are primarily responsible for many of the problems, as they set the rules the smaller banks had to live with to stay in business...but don't imagine the smaller banks are out to protect you anymore than the big banks.

I've said this all along: the mortgage collapse and meltdown was due to fault AT EVERY LEVEL. EVERY level...from the investors to the lenders to the originators to the appraisers to the title companies to the credit reporting agencies...all the way down to the borrowers. Yes, you and you and you and you and me all share some responsibility in the collapse. If you want to point a finger, point it in a mirror first. Its amazing that the one group who profitted the most from this whole mess is the same group the conservatives want to continue to defend - Wall St. Wall St. investors screamed for more product and for more loosening of guidelines. The "sub-prime" mess was not created by FNMA/FHLMC, it happened because Wall St. wanted more product to bundle into securities. They wanted low FICO, weak income and asset loans, that they then took hedges against, then profitted tenfold (hundredfold? thousandfold? millionfold?)when it all fell apart.

Was "due to fault AT EVERY LEVEL" including the Federal Government.