Monday, March 24, 2014

Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down

Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
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Know anyone in foreclosure, might want to pass this on to them...Laurel


> Date: Mon, 24 Mar 2014 13:37:30 -0700
> Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
> From: Paycheck-Piracy-list-owner@mail-list.com
> To: laurel.z@hotmail.com
>
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> -------------
>
> Fact, not conspiracy theory: Wells Fargo's "How-to fraud mortgage
> manual" means this "Too Big To Fail" bank is going down
>
> [PP NOTE: Here's the link to download the actual Wells Fargo
> 'how-to create mortgage fraud' manual.
>
> <http://stopforeclosurefraud.com/2014/03/11/wells-fargo-home-mortgage-foreclosure-attorney-procedure-manual-version-1-status-revision-3-origination-date-11092011-date-last-published-02242012/>
> ]
>
>
> CONSPIRACY FACT, NOT THEORY: WELLS FARGO'S MANUAL
> Posted on March 13, 2014 by eggsistense So, once again, the
> "conspiracy theory" that banks manufacture/massage/manipulate the
> documents they need-but don't have-in the foreclosure context has
> proven to be conspiracy fact.
>
>
> Indeed, the whistleblower that went to Naked Capitalism regarding
> Wells Fargo a year ago was not just, umâ•"whistling Dixie, as
> it turns out. Wells Fargo indeed doctors/manufactures documents,
> and according to a lawsuit in New York, they actually have a manual
> on how to do it! Naked Capitalism quotes a New York Post article
> about the lawsuit:
>
> "In a filing in New York's Southern District in White Plains for
> a local homeowner in bankruptcy, attorney Linda Tirelli described
> a 150-page Wells Fargo Foreclosure Attorney Procedures Manual
> created November 9, 2011 and updated February 24, 2012. According to
> court papers, the Manual details â•~a procedure for processing
> [mortgage] notes without endorsements and obtaining endorsements
> and allonges.'"
>
> If Wells Fargo does it, you can rest assured that the other big banks
> do it-after all, they have to compete! Check out this quote that
> gets right to the heart of the kind of thinking that causes this
> copycat, groupthink fraud from an article entitled "Fiduciary Duty
> to Cheat? Stock Market Super-Star Jim Chanos Reveals the Perverse
> New Mindset of Financial Fraudsters":
>
> "Because if now, as the senior member of a bank, or the board of a
> bank, I know that there are no criminal penalties for breaking the
> rules, don't I have a fiduciary responsibility to my shareholders
> to actually play fast and loose? Because if I get caught, that's
> just the cost of doing business?"
>
> Yep. All the banks are doing it, not just Wells Fargo. We just
> don't have the other banks' manuals-yet.
>
> <https://libertyroadmedia.wordpress.com/2014/03/13/conspiracy-fact-not-theory-wells-fargos-manual/>
>
> ----------------
>
> This "Too Big to Fail" Bank Is Going Down
>
> Mar 17th, 2014 | By Shah Gilani
> Last week I told you about "The Coming Curse of Zombie Foreclosures."
>
> I described how folks - who thought they were foreclosed on - are
> suddenly finding out they are actually still on the hook for mortgage
> payments, taxes, and all kinds of maintenance on abandoned homes.
>
> What I didn't tell you is that the nation's largest mortgage-issuing
> bank - and the most profitable bank in 2013 - may have been bitten
> itself by the very zombie foreclosures it breeds.
>
> And now it could be a dead bank walking.
>
> The bank I'm talking about is Wells Fargo.
>
> <http://www.wallstreetinsightsandindictments.com/2014/03/big-fail-bank-going/>
>
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