MinBane

I write what I like.

Archive for the tag “U.S. Department of Justice”

White House: Memorandum for Matthew Georgs Whitaker (08.11.2018)

Advertisements

Post AG Jeff Sessions firing: Democratic House Representative retention letters to FBI, DOJ, DNI, NSA, CIA, IRS, Treasury, White House, SDNY, AUSA & Whitaker (07.11.2018)

Letter To Whitaker:

Letter to Pat Cipollone:

Letter to FBI Director Christopher Wray:

Letter to DNI Coats:

Letter to CIA Director Gina Haspel:

Letter to SDNY:

Letter to Stephen Mnuchin:

Letter to NSA Director Paul Nakasone:

Letter to IRS Commissioner Rettig:

 

Opinion: After the resignation of Sessions suddenly worried about Special Counsel Mueller’s Investigation!

Today, came yet another blow to the Department of Justice, as the President Donald J. Trump got his wish. He got rid of Attorney General Jeff Sessions. Even if that is victory for something, that one of the unfavorable West Wing goons left the White House. Still, there are lingering problems on the horizon, that cannot be escaped at first.

First the successor, which seems not to be the Deputy Attorney General Rod Rosenstein, who is the man in-charge of the Special Counsel Robert Mueller and the man who gave him the opportunity to investigate in the first place. The successor, unless he or she recuses themselves, could interfere in funding and in collection of evidence gathering. Yet another level of tampering with the investigation.

Just like the President has done with firing Federal Bureau of Investigation Director James Coomey, United States Attorney for the Southern District of New York Preet Bharara and so on. The massive amounts of firing and tampering of evidence is a clear message from the President. He has long pushed the Attorney General Sessions. And today, the day after the Midterms, he unleash another salvo against the state.

There is nothing normal about this presidency, as there are several of the Trump Campaign Team of 2016, who has started to work together with Special Counsel, as they have pleaded guilty and gotten a plea agreement. Others has already started to serve time. There are Michael Flynn, Alexander Van Der Zwaan, George Papadopolous, Michael Cohen, Rick Gates, Samuel Patten, and Paul Manafort. That is just in the near sphere of the President.

This is not following the leads, as there been talks of grand jury of Roger Stone. Other wondering, when they are appearing to met with the Mueller. As there family members, as there Russian indicted and other people connected who is part of the case.

Therefore, with the knowledge from all these people, who have all been in close range of the President and within his sphere. There are a lot of evidence and gathering of intelligence, that could build a strong case against anyone. As the Special Counsel are collecting and building a case against the big-fish. That is why he has accepted plea agreements and going up the food-chain.

That is why today’s action is a sad one. That AG Sessions resigned or fired. Is a worrying sign, if the Republicans care, they would warn this and ensure the investigation continues. Nevertheless, but they have been spineless in actions towards the President. While we have to wait and see what this will do to Rod Rosenstein and his office as the Deputy. If the President dares to fire him, who resides over the Investigation.

Today, is not a good sign of the further implicated investigation, who is still going. As the President are trying to spite fear and also acts more reckless. Peace.

CFA Open letter: “Re: Investigation of OneWest Bank, FSB” (06.01.2017)

cfa-mnushin-06-01-2017-p1cfa-mnushin-06-01-2017-p2cfa-mnushin-06-01-2017-p3cfa-mnushin-06-01-2017-p4

Leaked Memo: Show’s Mnuchin’s OneWest foreclosure practices, which was very questionable!

steven-mnuchin

The nominee for becoming Secretary of Treasury, the man who follows legislation and other close connected to business in the United States. Should be worrying how he has done his businesses in the past. The California courts and Attorney General tried in 2013 to create a case on the public filings of the OneWest bank and their Foreclosure practices, which got stifled by the possibility to hide liabilities through certain fixed laws that OneWest used.

OneWest did it to not get scrutiny and the Attorney General tried get them on the docket, but the working paper was the only one showing, together with what was collected from one County in the State of California. Steve Mnuchin knew about this very well, as he got the profits from the acts of malicious and defrauding citizens, using false pretence to buy properties and selling for subsidiaries.

This $2.4 billion figure should not be confused with the $2.3 billion that CIT Group received from the US Government under TARP in 2008. When CIT filed bankruptcy in 2009, the $2.3 billion became a free gift from taxpayers, never to be repaid. Total government subsidy between the two banks is almost $5 billion, yet both banks claim they are prepared to merge and become a Systemically Important Financial Institution if the proposed merger is approved by the Federal Reserve and the Office of the Comptroller of the Currency”(CRC, 2015).

“Since March 2009, OneWest has foreclosed on approximately 35,000 California homes and initiated foreclosures of approximately 45,000 more. In April 2011, OneWest agreed to the Office of Thrift Supervision’s (OTS) entry of a Consent Order. The Order included findings that OneWest recorded documents that were not properly notarized, initiated non-judicial foreclosures without proper authority, failed to devote sufficient resources to ensure proper administration and oversight of its foreclosures process, and failed to sufficiently oversee vendors” (DOJ, P: 4, 2013).

“Finally, in the review of the 300 OneWest loan files obtained from LPS, we found that 21 files evidenced unlawful conduct by OneWest. Those 21 files (7 percent of those reviewed) contained falsely dated instruments executed by OneWest, substitutions of trustee in which OneWest falsely stated that it was beneficiary under an applicable deed of trust when it was not, or both. This unlawful conduct occurred throughout the state, concentrated primarily in Southern California. The 21 files related to homes in the nine following counties: Los Angeles, Orange, Placer, Riverside, San Bernardino, San Diego, San Mateo, Santa Barbara and Ventura” (DOJ, P: 9, 2013).

“The Investigation has uncovered evidence of unlawful credit bidding, a type of misconduct that is not squarely addressed by either the National Mortgage Settlement or the Homeowner’s Bill of Rights. As detailed below, unlawful credit bidding occurs when a party other than the foreclosing beneficiary uses of the credit reflected by the deed of trust to take title to the home, when it is not legally entitled to do so. This means than other bidders at the auction (perhaps in some cases the borrowers and/or their families) are unfairly disadvantaged in the bidding process and that cities and counties throughout the state lost documentary transfer tax revenue” (DOJ, P: 11, 2013).

“OneWest undertook critical steps in the foreclosure process when it lacked the authority to do so. OneWest falsely asserted that its subsidiaries and the trustees for the mortgage-backed securities trusts had authority to conduct critical steps in the foreclosures process when they did not. This misconduct related to three common steps in the foreclosure process, each governed by statute: (1) credit bidding; (2) payment of or claim of exemption from documentary transfer tax; and (3) execution of SOTs” (DOJ, P: 18, 2013).

“To date, we have located five examples of such examples of such misconduct from public records, and we believe that many of the 86 examples of recorded substitutions of trustee (SOTs) executed in OneWest’s name bearing dates prior to date that OneWest began operations are likely to have been executed without authority (the entity purporting to sign them did not exist on the date the assignment purportedly took place). Similarly, in the review of 175 completed OneWest foreclosures in Alameda County, we found 10 unlawful substitutions of trustee” (DOJ, P: 20, 2013).

“In response, we will argue that: (1) it is undisputed that conflict preemption applies after July 2011; and (2) that complaint seeks to hold OneWest accountable for types of misconduct that were outside the scope of OTS’s claimed field preemtion because they involve criminal and civil code statutes which only incidentally affect the lending operations of federal savings associations” (DOJ, P: 23, 2013).

“We recommend that the Attorney General authorize use to file a civil enforcement against OneWest” (DOJ, P:26, 2013).

Complain files:

“OneWest also made false statements concerning its own status as beneficiary, as well as the beneficial status of others. These statements were made in a variety of contexts, including the context of the trustee’s sale bidding process and in the avoidance of transfer taxes” (County of Alameda, P: 4).

onewest-court-2012

This was only what we’re reported by two single reports earlier in the recent years, but there been questioning about the merger for OneWest with another Bank. Therefore the reality of their ways of foreclosure should have stopped and should have been looked into, as the malpractice for a quick profit. The profits of the OneWest bank we’re earned in a very disgraceful way:

“After foreclosing on almost 8,000 homes here in LA County, how can OneWest Bank say with a straight face that they’ve been a good community partner or that this merger is going to somehow help our communities?” Kinlaw said in a statement. “Foreclosing on families meant billions in profits for the billionaire owners of OneWest, but it came at the expense of families who were thrown out of their homes.” (…) “Stein said the coalition is composing a letter that will ask the Consumer Financial Protection Bureau , U.S. Department of Housing and Urban Development and the Department of Justice to conduct a fair housing and fair lending investigation into OneWest’s lending practices” (Smith, 2015).

So there wasn’t only the Attorney General of California who knew there was malpractice and unlawful activity from the OneWest on their practices on the foreclosing of their properties to secure more funds. As they bought into funds with loans and defunct debt that could give the bank property as collateral and resell the properties for more profits, especially if they fixed the contracts and back-dates so the home-owners could be sealed off or resold in subsidiary of the OneWest.

So with the knowledge of these actions, these vulture capitalists shouldn’t be running the Administration. The Administration should make sure these men and woman doesn’t get power. Because their loose, laisses-faire economic regime might loosen the regulations and will lead to more quick profits, but hurt the bottom-line, the public! Trump Administration will favour possible vultures and people who do anything to earn bucks, with no concern of the outcome for the average families and the working-class, the ones that initially got them in power. That the ironic part is the ones that exhausted and gave way for the Administration is the ones that will suffer for the economic programmes from the coming term of presidency.

Steve Mnuchin has only been in business to get wealth, by any means; his business savvy way of OneWest proves the way of use all ways to gain profits. OneWest proves that they didn’t care about how they earned their profits on foreclosures, even if they twisted documents and their ways of buying titles. As long as this is known the vulture of Mnuschin should be known and not be put away in some chamber. Instead it should be questioned if he is fit to be Secretary of Treasury and be a part of the Administration at all! Peace.

2009-03-19-indymac-federal-bank-became-onewest-bank-blank

Reference:

California Reinvestment Coalition (CRC) – ‘Fact Sheet: OneWest Bank Expected to Receive Over $2.4 billion from the FDIC’ (12.04.2015)

State of California Vs OneWest, FSB, Federal Saving Bank and DOES – Complaint for Civil Penalties, Permanent Injunction, and other equitable relief – County of Alameda

Department of Justice – MoU: ‘Executive Summery – Request for Authorization File Action against OneWest Bank, FSB OneWest Investigation (SF2012105513) – 18.01.2013

Smith, Kevin – ‘Coalition seeks investigation of OneWest foreclosures’ (09.05.2015) link: http://www.sgvtribune.com/business/20150609/coalition-seeks-investigation-of-onewest-foreclosures

Cheyenne River Sioux reacts to the D.C. Court Ruling today (09.09.2016)

cheyenne-river-sioux-09092016

Post Navigation

%d bloggers like this: