NakedCap: More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence

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NakedCap: More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence

NakedCap: More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence

Naked Capitalism-

No wonder the Fed and the OCC snubbed a request by Darryl Issa and Elijah Cummings to review the foreclosure fraud settlement before it was finalized early last week. What had leaked out while the Potemkin borrower reviews were underway showed them to be a sham, as we detailed at length in an earlier post. But even so, what actually took place was even worse than hardened cynics had imagined.

We are going to be reporting on this story in detail, since we are conducting an in-depth investigation. But this initial report by Huffington Post gives a window on a good deal of the dubious practices that took place during the foreclosure reviews. I strongly suggest you read the piece in full; there is a lot of nasty stuff on view.

[NAKED CAPITALISM]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “NakedCap: More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence”

  1. joe says:

    The united states government really thinks this Foreclosure fraud stuff is a joke.Any money recovered from the banks was used to line their pockets. I really think we need another country to intervene here so they can really see the abuse we are getting from these banks ,servicers and the united states government. Every settlement they get they just keep on taking it for themselves.Then we have these judges that received campaign funds from these banks just like Obama did. Plus they are throwing families on the street with forged documents this is chaos. Let’s talk about the settlements again I think there we’re three a $26 billion dollar settlement then there was a money settlement with the occ now another $8.5 billion settlement not one cent to any Foreclosure victims including me. Every settlement is used to line their pockets. Wow we can’t even trust our great government .

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