Sen. Elizabeth Warren and others question lack of prosecutions for mortgage fraud

[DonViejo]

Source: Reuters

By Reuters
Monday, March 17, 2014 13:58 EDT

By Aruna Viswanatha

WASHINGTON (Reuters) – Three Democratic lawmakers asked to discuss with U.S. Attorney General Eric Holder the Department of Justice’s allegedly uneven efforts to prosecute mortgage fraud, according to a letter dated Monday.

U.S. Senator Elizabeth Warren and representatives Elijah Cummings and Maxine Waters are seeking an audience with Holder over a new watchdog report that said the FBI ranked mortgage fraud as a low threat after the height of the financial crisis, even though the Justice Department had said investigating that crime would be a top priority.

“This report calls into question the Department’s commitment to investigate and prosecute crimes such as predatory lending, loan modification scams, and abusive mortgage servicing practices,” the three lawmakers wrote of the report released last week by the Justice Department’s inspector general.

A Justice Department spokeswoman did not immediately respond to a request for comment.

-snip-

Read more: http://www.rawstory.com/rs/2014/03/17/sen-elizabeth-warren-and-others-question-lack-of-prosecutions-for-mortgage-fraud/

[KansDem]

1. Yet, if I smoke a doobie in my backyard...

[jtuck004]

3. The difference is you forgot to mail them tens of millions for their campaigns.

Else you too would be free as a bird.

[red dog 1]

9. + 1000

These days, it's safer to smoke a doobie inside your home, unless you have a medical pot RX.

[billhicks76]

20. They are too busy with their greedy drug war

They do not serve the American people anymore. They serve themselves...and criminally often.

[Live and Learn]

26. +1 There is no justice in the system.

As far as I am concerned, they can open the prisons, free everyone and erase all records until they can actually come up with something resembling a fair, effective and useful justice system that serves all of society.

[billhicks76]

32. It's the JustUs system to them

Ordinary people populate are prisons because they sold or possessed substances they weren't supposed to. It's a fraud, sham, racket and sad, sad statement on our failed institutions and their inherent corruption.

[Wilms]

2. ^

[Moostache]

4. About damn time...too late I'm afraid, but at least not ALL of Congress is bought off...

The utter lack of consequences for the crash of 2007-2008 on those who perpetrated and caused it in the first place is our second greatest moral failing of the century (so far...eclipsed only by the mauling of our rights as American citizens and the human rights of Afghans and Iraqis slaughtered in Cheney and Bush's name).

I still pray from Elizabeth Warren to stay off of any and all charter aircraft and to travel mainly by car or rail if possible. Otherwise I fear she will become part of a select group "lost" in tragic 'accidents'...she speaks too much truth to the powers that be to be ignored and eventually they will move to silence her.

[red dog 1]

10. + 1

I agree.
She needs to use ground transportation only.

[Hoppy]

12. --- and check her brake fluid.

[red dog 1]

15. That too.

[Enthusiast]

19. +1 an entire shit load!

[Zorra]

5. Sen. Elizabeth Warren and others...others meaning, like, a quarter of the world's population. nt

[warrant46]

6. Holder and his Subordinates don't have time for this

They are too busy Napping and when aroused from their sound sleep

Get annoyed to the point of apoplexy and threaten to close a few medical marijuana prescription sites

[Pterodactyl]

31. Ain't NOBODY got time for that.

[cosmicone]

7. They are busy prosecuting diplomats with maids

who want a short-cut to the US Immigration process.

There is no time to go after the real criminals.

[Le Taz Hot]

8. Warren, Cummings and Waters.

All old-time Democrats. Not a Third-wayer in the bunch. Notice that?

[RC]

16. Yeah, I did.

It is way past time more of us start differentiating between the various (D)'s come voting time.
There is such a thing as a Real Democrat and that is what we need more of in office. Not these imitation 3rd Way, New false Democrats.

[JudyM]

11. And then, BTW, if they would also take a little peek at fraud in military contracting... nt

[Enthusiast]

18. I'm with you, Judy!

It's fraud from sea to shining sea.

[colsohlibgal]

13. It's All Egregious

Not only the lack of prosecution but many of the head honchos got golden parachutes of tens and hundreds of millions after we bailed them out. It's amazing. I rewatched "Inside Job" yesterday, it lays it all out beautifully. You just can't sell investments to people while knowing it was toxic and even shorting it with the other hand.

So many of those CEOs should be in the Big House, not a beach house. That also includes heads of the rating agencies, who rated those toxic investments as AAA, all for tons of cash.

Give them Hell Elizabeth Warren!

[red dog 1]

14. K&R...Thanks for posting..

The Office for Victims of Crime, (OVC), (which is funded by the Justice Department), offers assistance to stalking victims.who report a single stalker.

However, stalking victims who report multiple stalkers are told:
"OVC does not provide any direct assistance to victims of multi-stalker incidents."

I guess if you report that more than one person is stalking you, you must be paranoid, right?

n 2009, after Holder became AG, a DOJ Special Report was publiched:
"Stalking Victimization in the United States" (Pub # NCJ 224527) which estimated that the number of stalking victims who reported multiple stalkers during the 12 month study period was in excess of 180,000.

However, FOIA documents proved that the U.S. Department of Justice (under Attorney General Eric Holder) deliberately under-estimated the number of stalking victims reporting multiple stalkers during the 12 month study period, and the actual number of stalking victims who reported multiple stalkers during the 12 month study period is probably between 300,000 and 500,000, or more than three times the DOJ's estimated number (180,000)
http://www.lissakr11humane.com/2012/12/03/gang-stalking-new-doj-foia-documents-prove-doj-knows-the-truth/

Way to go Mr. Attorney General!

Keep ignoring the mortgage fraudsters, and the hundreds of thousands of victims of "multi-stalker incidents" every year, and, instead, use Justice Department resources to go after the medical pot clubs,

[Enthusiast]

17. K&R! This post should have hundreds of recommendations!

This has been a horrible injustice!

[Doctor_J]

21. She doesn't understand chess.

See, if we let the banksters completely ruin our economy (again), and don't punish them, then everyone will see how bad they are, and get really, really mad at them, and that will be good for us!

Or maybe she didn't get a pony

[Puppyjive]

22. Blythe Masters should be prosecuted

Can anyone explain to me why Blythe Masters has any job? She invented credit default swaps and we all know what those did to our country. She should be sitting in prison. As far as I am concerned, she stole from my son's education fund. That bitch has to go, but instead, it looks like she is still working in the financial sector and sitting on boards making decisions.

[stuffmatters]

23. love to be a fly on that (meeting) wall

[grahamhgreen]

24. A fly... Or let them do it on twitter!

[DeSwiss]

25. K&R

"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large." Eric Holder, The Hill


- ''And all I have is this lousy slingshot,'' said David. ''Now what do you expect me to do with that?''

[cprise]

27. K&R

[Iwillnevergiveup]

28. The fallout from mortgage fraud

will continue to wreak havoc on families for years.

[bvar22]

29. Cummings, Waters, and Warren requested "an audience" with Holder ???

How far we have fallen.
The 1% no longer try to hide their disdain for the peasant class.

I wonder if the benevolent Holder will grant them an audience?

[NBachers]

30. Eric Holdout is too busy running out the clock-he's got the snooze button set 'till 1-20-2017