1. Social Apocalypse

    Now let’s see what perjury means for a bankster… Because he clearly lied in BOLD FACE when he said they do not profit from foreclosing as a servicer. WOW. I am sure Christopher Dodd was applauding the outburst, even though he couldn’t say so… he DID say that they value the input of the public immediately afterward. I give him props for that.

    1. Doug Terpstra

      Senator Dodd is a banksters’ agent whose cheap gavel is paid for by Wall Street financiers. He doesn’t want homeowners or foreclosure defense lawyers in his hearing room any more than Max Baucus wanted single payer voices anywhere near his health racket hearings.

      For the record, Dodd lied outright, as did Geithner when the provision to preserve full bankster bonuses in the AIG bailout bill first came to light. He first denied knowing anything about the bonus loophole to CNN, then “remembered” a day later revising that very specific provision in the bill. As it turns out this was done at Timmy’s insistence, although Timmy first tried to blame it all on Chris. A tangled web of deceit all around; Chris Dodd is in it up to his sweaty armpits, along with the white house.


  2. tonybrown

    Yes they do it is called a manufactored default, where the servicer puts your payments in a suspense account ,escalte late fees, charge for property inspections and property preservation. Property inspections are just coming to make sure you are still there and have not vacated the property, property preservation is where they board up windows, doors, secure the property with locks and such. I live here and was charged for all the above including forced place insurance, paying taxes twice and paying taxes late charging me. i was never late and never missed a payment even though I never had to make a payment as I have the Original Wet Ink note, but on the advice of counsel I was told to continue to make payments and all of the above still occurred.

    1. Chris

      Chase has been sending people out to our house checking to see if we’re still occupying it. Once you abandon the place, it’s theirs.

      We recently just got a bill from them with all sorts of late charges and fees, along with what we owe them. I wonder if this is what’s going on?

      1. John

        “Once you abandon the place, it’s theirs. ”

        Maybe in your state but not in mine (Florida). In states like Florida (lien states), the home belongs to the homeowner until the clerk signs the certificate of title (typically 10 days after foreclosure sale at the court). Bank employees or agents may not enter the home prior to that time without a court order. If they do, they committing criminal trespass.

        1. gethoht

          They commit criminal trespass, or even worse, breaking and entering. Funny thing is that even in cases where banks have broken into homes that aren’t under foreclosure or that they don’t own, they never even get charged let alone prosecuted(1).


  3. Augustus Melmotte

    Unfortunately, Social Apocalypse, I am afraid that Senator Dodd is one of the banking industry’s favorite and most compliant shills, and he feels sympathy only for the bankers.

    1. i on the ball patriot

      “It may be that the bank representative is perfectly sincere.”

      It may also be that he is a Hubert Humphrey look alike tele ported in from Mars.

      But the odds are far better that he’s a no good lying effing weasel like Chris Dodd. I hope they hang some of these sleazy bastards.

      Deception is the strongest political force on the planet.

  4. craazyman

    It may be that the bank representative is perfectly sincere.

    The senior management I’ve run across in my day are mostly pathetically clueless bureaucrats who have no idea how things really get done. Not a clue. They go from meeting to meeting and things just get done by departments and staff.

    And the farther down the ladder you go, the more work gets done. And then at the very bottom of the ladder, again almost nothing gets done. But the ones at the bottom have to stand or sit all day in one place doing nothing, which is even harder than working, or they have to find ways to pretend they are doing something, which is also harder than working.

    This is where the circle is closed — the folks at the top of the org chart spend all day doing nothing and so do the ones at the bottom. The gap between the two is money.

    1. Germa Nmesele

      uhm let me assure you that tellers and back room people work their asses off. now it might be pointless work, that they know is pointless, and could think of a million better ways to do, but they don’t get payed to think, they get payed to do what they are told, so that some report’s numbers will look good to someone else.

      1. kravitz

        Mentioned it before, but Barbara Desoer blamed the employees of Bank Of America, rather than the management, for the problems the bank is having with HAMP, robos, and the other stuff.

        Does wonders for staff morale.

        Perhaps one of those employees would wish to tell some stories to Yves?

      2. craazyman

        I worked as a bank teller one summer. There were bouts of hard work when the line was long, for sure. And then you had to sit there, for an hour or two until the break. I also worked on a cement crew and as hod carrier, which is the guy who carries bricks from the brickyard to the bricklayers. I dropped a 50 pound angle iron once off a 14 story high scaffold. And it sliced right through a 4 foot iron waterpipe like scissors cutting paper. I can remember even now the sight of it falling and the surging look to see if there was a man working below. It took about 3 seconds to hit. Thank god it was just a water pipe. It still makes me nervous. I’ve had some lousy jobs. Even in my adult life. But I think the worst of all are the admins who have to sit in one place all day and look busy, or the security gaurds who have to stand up, all day, and look busy. Working construction wasn’t bad. I made $5 per hour and went home and slept in my clothes, covered with red brick dust and sweat, and then got up and went to work the next day, the same way. But I was in college, and I had a mother to take care of me then. I still do, but I’m at a point where I have to fend for myself, which isn’t always easy, especially when you’re as scattered, bored and distracted as I am by almost anything one does only for money. I don’t know how people make it sometimes, I really don’t. I’m amazed that more people don’t go crazy just from being alive.

        1. Toby

          We are crazy. Normal is crazy. It’s like the smell of your noise. There, but undetectable.

          Cliche: In future generations people will look back on this period and scratch their wise heads…

    2. karen1p

      Let me assure you this Lowman knows EXACTLY what is happening and he is covering up criminal activity.


  5. Diogenes

    God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. … And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure.

  6. Leviathan

    Seriously, there are not enough people who are willing to be thrown out of a public meeting by security for telling the truth.

    Last week a woman in foreclosure from Baltimore staged a hunger strike across the street from the Maryland Capitol. It got picked up by all sorts of local media and then the HuffPo, etc. I think it only lasted two days. She seems to have quit because they agreed to give her a deed-in-lieu. It’s a shame, because if someone were willing to do that for a week I think it would really build some momentum. People need an outlet. They are reaching a boiling point, but there is no channel for it to come out.

  7. Rusted Belt

    I can’t understand the Baltimore Lady – what’s the benefit of a deed-in-lieu? She had to threaten to starve herself to do this? She’s losing the house either way. She’s either misinformed or really acted out and the “purity” of the stunt was something the media couldn’t resist. No way someone starves themselves to protect their credit score – or do they? Declare Chapter 7, pack the shit up, and split. Help me out here – wtf was this all about?

  8. LeeAnne

    So, another witness ‘works hard’ –well coached Luntz/Orwellian speak that can only be understood as propaganda, by both the witness and his questioner congressman or woman.

    Here he is speaking the same stuff, all feelings and sentiment, with full congressional cooperation; neither ever mentioning the law or regulation.

    The same stuff we’ve been hearing since Paulson’s first appearance ‘working hard’ for questioning after he and Bernanke, also working hard, and Timmy and Kashkari ‘working hard’ took over the western world with indemnification from rule of law granted by congress.

  9. Goin' Pro Se

    Now if Bruce Marks had attempted a “citizens arrest” that would have been something for the evening news. As it was he was still yelling and digging in when the cop was shoving him out the door.

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