File this under, connecting the dots, and 'no wonder.'
No wonder Ben Bernanke and his pals created a panel at the Federal Reserve to inform Americans this past week, that there has been absolutely NO FRAUD committed by the Banks and Mortgage industry. (Despite the fact that the Obama Administration is moving forward with cases of fraud by JP Morgan, to protect those in our military).
No wonder the 50 US State Attorney's are trying to rush through a shitty excuse of a bill to 'get the Banks off the hook,' before the shit hits the fan.
No wonder the SEC and AG Eric Holder are letting another big time player go without even a slap on the wrist this week. That's right, Dick Fuld and the other executives of Lehman Brothers are getting away with FRAUD on a epic scale, and as was said in Matt Taibbi's article: "Everything's fucked up, and nobody goes to jail." But that may be about to change, so hold on to your seats people.
From Zero Hedge:
We urge readers to check into http://hbgary.anonleaks.ch/ first thing Monday - after all this is the portal that released the original damning HBGary evidence, and brought down the firm within weeks. If it can do the same with Bank of America, Monday may just soon be a national holiday.
After Julian Assange crashed and burned in his threat to release documents that expose fraud at Bank of America, many thought he had been only bluffing, and that BofA is actually clean. Not so fast. A member of the hacker collective Anonymous, which singlehandedly destroyed "hacker defense" firm HB Gary, who goes under the handle OperationLeakS "is claiming to be have emails and documents which prove "fraud" was committed by Bank of America employees, and the group says it'll release them on Monday" reports Gawker. As to the contents of the possible disclosure: ""He Just told me he have GMAC emails showing BoA order to mix loan numbers to not match it's Documents. to foreclose on Americans.. Shame." If indeed this makes the case against BofA' foreclosure practices stronger, it certainly explains why the banking consortium is scrambling to arrange a settlement, and also why Bank of America recently split off its $2 trillion in mortgages into "good bank" and "bad bank" entities.
It is unclear whether this will be yet another climax-free build up, but Anonymous has certainly proven their mettle by putting HBGary effectively out of business with one masterful hack. Those I've spoken to in Anonymous are convinced there's something to this. Anonymous has a proven track record with leaks, and Bank of America has been in their crosshairs since they cut off payments to Wikileaks in December. If it's real, it could be big. Keep your eye on anonleaks.ch: It should hit Monday.
No wonder the Federal Reserve, the SEC/AG Holder, and the US State Attorney's are all so 'busy,' trying to rush through more 'cover up the kitty shit' in the corner these past few weeks. I suppose they all figure that if the Federal Reserve puts out a totally bogus report, stating that there was no FRAUD by the Banks, we are all going to drink that bitter koolaide up quickly, and beg for more. Not so fast Helicopter Ben:
From Yves Smith:
Similarly, today the Fed made the similarly ludicrous statement that there were “no wrongful foreclosures” based on a review of a mere 500 loan files. Given that there are 14 major servicers, that means it looked at 36 files on average per servicer. Heck of a job, Brownie!
Aside from the fact that there have been numerous reports of colossal errors that should be impossible in a system with any integrity (homes with no mortgages or where the mortgage had been paid off, where borrowers had been given letters that they had been approved for permanent HAMP mods being foreclosed upon), there are also numerous accounts of servicer-driven foreclosures. As Karl Denninger noted:
We have myriad reports of homeowners who are told to intentionally default by servicers, a clear act of bad faith. We have documented instances of banks breaking into homes that are occupied, an apparent serious state felony. We have documented instances of banks playing games with forced-placed insurance, escrow accounts and similar acts leading to foreclosure.
All of this and more, as the Pentagon is relentlessly pursing JP Morgan to protect members of the military. For more on this report I urge you to read this entire article:
As I've said over and over, it's all about 'If one goes down, we all go down,' which is why AG Holder and the SEC is letting Dick Fuld and his buddies at Lehman Bros., get away with absconding with millions of dollars:
The key stumbling block: The accounting move, while controversial, isn't necessarily illegal." Oh no, illegal it is. The problem is that should the SEC actually pursue it and win, that act would open up the floodgates for hundreds of lawsuits against everyone from Bank of America and Citi, which have also disclosed they used comparable tactics to misrepresent the true status of their books, to shady accounts like Ernst & Young, all the way to FASB at the very top of the corruption pyramid. And with hundreds of millions if not billions in legal fees about to be paid out if the fraudclosure back door settlement fails, the SEC simply can not allow the pursuit of justice to threaten the viability of America's only national interest: that of its criminal banking syndicate.
It isn't clear what the Lehman executives have said to SEC officials during the probe. Last year, Mr. Fuld told lawmakers he had "absolutely no recollection whatsoever of hearing anything" about Repo 105 at the time of the transactions. Lehman's demise was caused by "uncontrollable market forces" and the U.S. government's unwillingness to rescue the firm, he said.
In other words, with everyone complicit on the crime, there is not one party that can be singled out without every party having to be sued. Ah the benefits of risk diversification: Wall Street realized all too well that a symbiotic approach to middle class parasitism is the best one, as it leaves it far less open to direct attack. Yes, any given bank may reap slightly less in benefits immediately, but over the long run everyone makes money and if there is some catastrophe the taxpaying peasant will have no choice but to bail everyone out. And should there be a legal case against one, in a reverse case of the Three Musketeers, it would have to be a case against all. 2008 confirmed the first. Dick Fuld is confirming the second. But don't forget - the SEC has no money and no computers. So it is isn't their fault they are corrupt and siding with the criminals on this one... and on every other one.
Monday, when Anonymous releases the information on Bank of American, may be a day that goes down in history as 'the day, the tide turned and the criminals who have destroyed out national and international economies,' are finally held to answer to the taxpayers who bailed their asses out, while they continue to cover up this epic illegal transfer of wealth to the top one percent of our nation, and continue daily to fleece Americans which is being given the Good House Keeping Seal of Approval by Ben Bernanke, and the Federal Reserve.
Don't forget, http://hbgary.anonleaks.ch/. Spread the word far and wide, when this information becomes available. Face book it, Dig it, Twitter it, get the message out there people.
No wonder, we've had a flurry of major 'behind the scenes,' actions lately in the financial markets, preparing to put all their ducks in a row, because if Anonymous comes through on their promise, to fully expose Bank of America and their fraudulent practices, we will see an economic backlash and tsunami that may will finally expose those who honestly believe they are going to get away with destroying our national and international economies, and getting away with the crime of the century.
Thanks as always, and a special thanks to Mr. Charles Ferguson, of Inside Job, and to Michael Moore for exposing the truth as to why the Unions in our nation are being destroyed: It all comes back to the same thing: What has happened to our nation is incomprehensible, and our economy will never, ever recover if we are not willing to prosecute and expose those criminals so that we can move forward with trust and confidence in our financial markets, and our government. Our nation, it's people will continue to pay the greatest price until we face this cover up.
Ms. B.Updated by Badabing at Sat Mar 12, 2011, 04:19:19 PM
Thank you for putting this story out on the Rec's list people. Please let everyone you know that this information is coming out on the Web Monday, and spread the word far and wide. Certainly do appreciate your support and help. We can turn the tide, and we can hold those responsible who are getting away with Economic terrorism, and crime, but we have to work together, from the bottom up. Yes We Can. Ms. B.