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Indi Guy

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Member since: Sat Oct 13, 2007, 07:04 AM
Number of posts: 3,992

Journal Archives

Wells Fargo sends refunds to some FHA mortgage customers...

Source: Los Angeles Times

Thousands of Wells Fargo & Co. home loan customers recently received a surprise in the mail: refund checks from the big bank, along with letters saying they had paid unnecessary fees for their mortgages.

The unsolicited offers of thousands of dollars arrived with a catch — if the borrowers cash the checks, they can't later sue the No. 1 U.S. home lender. The San Francisco bank said in the letters that borrowers were put into more expensive loans when they could have qualified for cheaper ones.

Analysts said the letters sent to potentially 10,000 Wells Fargo borrowers were a way for the bank to sidestep further litigation over "steering" customers into unfavorable loans — allegations that the government has made about certain Wells Fargo operations in the past...

..."It sounds like they either found some problems themselves or the regulators discovered them and told them to get things fixed," said Paul J. Miller, an analyst who follows Wells Fargo for Friedman, Billings, Ramsey & Co.

Read more: http://www.latimes.com/business/realestate/la-fi-wells-fha-refunds-20121027,0,2097257.story

Shadow Money Group (supporting Romney) Discloses Adelson Donation...

Source: OpenSecrets.org

A little-known non-profit (New American Energy Opportunity Foundation) with ties to the oil and gas industry that has recently begun attacking President Barack Obama for restricting America's "energy opportunity" revealed late last week that it is receiving substantial funding from Sheldon Adelson, the casino owner who has dumped tens of millions of dollars into outside spending groups this election year...

...on Oct. 19, the New American Energy Opportunity Foundation, a 501(c)(4) group, made a filing with the FEC that actually disclosed the funder of a new series of radio commercials.

According to the group's report, which you can see here, the organization paid Marketel Media, of Temecula, Cal., nearly $800,000 for the production and placement of a radio ad on "energy independence issues." The filing shows that every dime of the advertisements' cost was paid for by Adelson. The Center for Responsive Politics was not able to locate a copy of the advertisement, but the group's website indicates that the organization's main issue is reducing restrictions on drilling for gas and oil in the United States.

A video posted on the group's YouTube account makes it very clear that President Barack Obama is the true target of the ad -- and that Romney is the group's solution...

Read more: http://www.opensecrets.org/news/2012/10/shadow-money-group-discloses-adelso.html

[font size="4"]Sheldon Adelson...[/font]

[font size="1"]Sheldon Adelson, Chairman of Las Vegas Sands Corp, is pictured after attending U.S. Republican Presidential candidate Mitt Romney's foreign policy remarks at Mishkenot Sha'ananim in Jerusalem, July 29, 2012.[/font]

[div class="excerpt"]
CHICAGO (Reuters) - Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of U.S. money-laundering laws, the Wall Street Journal reported on Saturday.

The Los Angeles U.S. attorney's office is looking into the casino company's handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter...

LAS VEGAS — At the Republican National Convention in Tampa last month, casino magnate Sheldon Adelson got high-fives from strangers; entertained Karl Rove, Rudy Giuliani and George Pataki in his well-stocked luxury box; ate dinner with House Speaker John Boehner; and had a private meeting with House Majority Leader Eric Cantor.

Last week, Adelson got a front-row seat — and a shout-out from Mitt Romney — at a $1 million campaign fundraiser at a Vegas casino. Paul Ryan held a private meeting with Adelson four days after being named Romney’s running mate... http://www.politico.com/news/stories/0912/81588.html

Employees of Romney Family's Secret Bank Tied to Fraud, Money Laundering and Drug Cartels...

Source: truthout.org

[font size="1"]Mitt Romney, at a campaign event with son Tagg, a partner at private equity firm (Solamere).[/font]

...the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt's "6th son" and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney's campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that private equity firm hiring employees of a failed firm tied to a Ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.

...Tagg Romney is a director (of Solamere). According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford's offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network (Bambauer has left his position as managing partner. May and Phillips remain employed as partner and chief compliance officer respectively).

Allen Stanford is currently serving a 110-year prison sentence for convictions on 13 counts of fraud. His companies were placed in receivership. $8 billion of Stanford's stolen money has yet to be recovered and the victims are in court to recover those funds and incentive pay bonuses to Stanford employees (including Bambauer, May and Phillips)...

...All of the these dealings by Stanford, and the complicity of his employees in facilitating them, was public information before January 2010, when Mitt Romney addressed the first full meeting of Solamere's investors. Yet his son Tagg chose to hire into his family these alleged white collar criminals as soon as Stanford's criminal empire collapsed. The Romney family stands by the new employees ...evidenced by Tagg's response to interview questions from ThinkProgress regarding Solamere's ability to reign them in: "Hey guys, We're done here".

Read more: http://truth-out.org/news/item/12231-employees-of-romney-familys-secret-bank-tied-to-fraud-money-laundering-and-drug-cartels

Does Mitt Romney's Son Tagg Have An Investment In Some Ohio Voting Machines?...

Source: The Cleveland Leader

...Mitt Romney's 42-year-old son, who has already faced criticism for his dealings with Allen Stanford who was convicted of milking investors out of $8 Billion in a Ponzi scheme, may have much bigger questions to answer after shocking allegations brought forth by PolitcolNews.com.

The website claims that Romney owns an interest in Hart Intercivic voting machines which will be used to calculate votes in Hamilton County. If true, this raises serious questions as there were a number of red flags during the 2004 campaign that saw George Bush defeat John Kerry...

PoliticolNews.com writes:
...Solarmere’s tangled web of investments now includes Hart Intercivic voting machines which will be used in Cincinnati Ohio says Truth Out which could guarantee Mitt Romney the White House... (full article - http://www.politicolnews.com/tagg-romney-invested-in-ohio-electronic-voting-machines/)

...Obama supporters already seem to be taking the news seriously. Change.org already has an online petition up and running that calls for "Attorney General Eric Holder: Investigate Tagg Romney owning voting machines in OHIO...".

Read more: http://www.clevelandleader.com/node/19137

Here's the link for Change.org's petition - http://www.change.org/petitions/attorney-general-eric-holder-investigate-tagg-romney-owning-voting-machines-in-ohio#share

[font size="5"]Attorney General Eric Holder: Investigate Tagg Romney owning voting machines in OHIO...

"Vote for the Mormon, not the Muslim" (church-front) sign stirs controversy..

Source: KHOU.com (Houston, Texas)

...That marquee standing outside a non-denominational church has become the talk of the town in Leakey — about 90 miles northwest of San Antonio.

The Church in the Valley is run by Pastor Ray Miller. Miller declined an interview but did say the sign was solely his idea. He said he changes the sign weekly and this isn't the first bold statement to be displayed.

The pastor said he feels strongly about the upcoming presidential election and feels the message on the marquee speaks for itself.

Since it is a church, it is classified as a non-profit organization. That means, by law, it can not endorse a political candidate... (Video in article)

[font size="1" color="red"]on edit, I found this pic:[/font]

Read more: http://www.khou.com/news/politics/Vote-for-the-Mormon-not-the-Muslim-sign--174932531.html

CBS4 Investigates: Palm Beach County’s 2012 Ballot Debacle...

Source: CBS Miami

...It was Palm Beach Supervisor of Elections, Susan Bucher, and her team who discovered the mistake. In two races, winners including Paglia were announced and certified… when they were actually the losers. Bucher said Palm Beach’s optical scan election system had – unbeknownst to anyone-mixed up the race results. As a result, the wrong winners and losers were called. When asked by CBS4 Investigative reporter, Michele Gillen, what is was like to declare the wrong winners? Bucher said, “It humiliating. It was awful. It was never our intent.”...

...Bucher said that if the audit was done on all races there could be other elections where the wrong winner was chosen. However, what is most outrageous to Bucher is that this technical problem, she told Gillen, was known by the vendor. The company did not ever reveal this information to her.

“We took over this equipment in 2007. They never disclosed the error,” said Bucher “The company didn’t own up to it real quickly and neither did the state. And we had to prove that it was a software error and we did so.”

...“You know the first thing that they tell you is you’re going to scare the voters,” Bucher said. “Well you know what… we’re scared too.”

Read more: http://miami.cbslocal.com/2012/10/09/cbs4-investigates-palm-beach-countys-2012-ballot-debacle/

Why Not Debate Military Suicides?...

From the Tuscon Citizen:

[fint size="3"]Why Not Debate Military Suicides?[/font]
[font size="1"]by Michael Patrick Brewer on Oct. 09, 2012, under Veterans Worldwide[/font]

The exponential increase in the rate of military and veteran suicides in the past year is not a sideshow to our war on terrorism, it is a war of its own, a war against a terrorized psyche.

Approximately 7000 veterans and active duty military service members have cashed in their mortal lives in the past couple years. For each combatant killed in action 25 are dying by suicide.

“The dog barks and the caravan passes.”

In a new-found healthy and supportive environment of, “support the troops,” contrary to the Vietnam war where the suicides were off the charts, (111,000 est.), the dominant culture has not yet penetrated the impact of 4-5 tours of duty for these young warriors. Neither have the clinical mental health professionals. They may understand the symptoms,but few have discerned the full impact of multiple deployments...

Given that Romney is toeing the Rep. party line on increased U.S. military presence in the Mideast (Iran & Syria et.al.), shouldn't he and the president debate the catastrophic effect of war, and the subsequent heightened rate of suicide among our active duty soldiers & veterans?

New Obama Ad (calling Romney 'Dishonest') features footage from debate, Romney ad..

Source: CNN

(CNN) – President Barack Obama's campaign on Saturday released their second television ad which argues Republican presidential nominee Mitt Romney was dishonest at Wednesday's debate and in one of his own television ads.

This ad, like one released Thursday - the day after the debate - uses footage from the faceoff between Obama and Romney.

"I'm not in favor of a $5 trillion tax cut," Romney can be seen saying on the debate stage in the spot.

Obama and Romney sparred over that point at the debate, and the campaigns have waged war over it since on the campaign trail and in statements...

Read more: http://politicalticker.blogs.cnn.com/2012/10/06/new-obama-ad-features-footage-from-debate-romney-ad/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_politicalticker+%28Blog%3A+Political+Ticker%29

Is Jack Welch working for Karl Rove? (in accused Obama of altering jobs numbers)...

...As everybody now knows, Jack Welch, the former chairman General Electric instantly tweeted, “Unbelievable jobs numbers…these Chicago guys will do anything..can’t debate so change numbers.” Welch has 1.3 million followers on Twitter, and, as Media Matters reported later in the day, Welch’s unsubstantiated charges were echoed by Rush Limbaugh at least seven conservative reporters on Fox News and elsewhere.

...Here’s what happened: According to an article by David Podvin and Carolyn Kay, in June 1999, just after George W. Bush declared his candidacy for president, Welch, then Chairman and CEO of General Electric, the parent company of NBC, was contacted by Karl Rove who reportedly told him that a Bush administration would introduce sweeping deregulatory measures in the broadcast industry that would create untold billions of dollars in additional profits for GE.

Welch not only became a vocal supporter of Bush, he also decided that the news division of NBC would to put aside its journalistic integrity and instead look out for the corporate interests of GE and do everything in its powers to elect Bush. According to a report by Rep. Henry A. Waxman (D-Los Angeles) cited in the Los Angeles Times, come election time, November 7, 2000, Welch had access to raw election data that were not available to his own newsmen at NBC and appeared to play a key role in getting NBC to call Florida, and with it, the national election, for George W. Bush at almost the same time, John Ellis—George W. Bush’s cousin and Fox News’ senior decision desk official—made the call for Fox.

Three elections later, it seems that Welch’s affection for Karl Rove’s candidate is unabated. On September 20, when Romney was still foundering, Welch went on Fox News and insisted Romney would triumph. “Mitt Romney will win and I don’t want you to get weak-kneed….. Nobody’s getting weak-kneed.”...


J.P. Morgan Accused of Fraud...

Source: Wall Street Journal

New York's top prosecutor filed a civil complaint against J.P. Morgan JPM +1.21% Chase Co., alleging widespread fraud in the sale of mortgage-backed securities in the run-up to the financial crisis.

Eric Schneiderman, New York's attorney general, filed the civil lawsuit in New York state court Monday. The case is the first brought under the aegis of a law enforcement group that was formed by President Barack Obama in January to pursue alleged wrongdoing related to the financial crisis.

More cases from the group are expected to follow.

"We intend to follow up with similar actions against other sponsors and underwriters of RMBS," said an official in the attorney general's office...

Read more: http://online.wsj.com/article/SB10000872396390444138104578030903731665328.html
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