Banks still defending perjury and fraud as acceptable

Banks told not to fix a fraud wsj

-Thank our founding fathers for the states ability to enforce certain laws that the federal government chooses to ignore.  Well , except for what pushes forward the administrations agenda ---oh yeh Az sued by federal government because they were trying to enforce policy that the Obama thought would negatively effect the democratic party.  Obama will show that he is even more tone deaf to the realities of the banking fiasco if he dares to sue the states to keep them from enforcing laws and regulation against the banks.  --

bold and italics added

("The banks are committing fraud on the court, essentially perjury, and then saying 'Whoops! You caught me! Here's some different evidence and use that instead,' " Mr. Cordray said in an interview Friday. "I know a lot of judges are not going to take kindly to that."



Wells Fargo Chief Financial Officer Howard Atkins said in an Oct. 20 television interview that he was "confident with our policies and controls" related to foreclosures and that "the person at Wells who signs a foreclosure file is the same person as the person who reviews the file and it is not always done that way in the industry.")

----of course Wells was doing all the right things and would never doing anything that was considered fraud and Atkins says "confident with our policies and controls" but one week later after back lash from AGs and attorneys did a flip flop on Oct 28, 2010--


(But on Oct. 28, Wells announced it was resubmitting affidavits for 55,000 pending foreclosures, suggesting that some of the paperwork might be flawed. In March, a Wells Fargo employee named Xee Moua said in a sworn deposition in a Florida foreclosure case that she signed between 300 and 500 foreclosure documents a day, without reviewing the numbers on the loan files for accuracy.


Bank of America declined to comment. A Wells Fargo spokeswoman said Friday the company intends to cooperate with Mr. Cordray's inquiries and doesn't "believe that any of these instances led to foreclosures which should not have otherwise occurred." She added that Wells Fargo has "chosen to submit supplemental affidavits out of an abundance of caution.")

----The banks have reached the pinnacle of arrogance and narcissism.  We all know that banks to do nothing in the abundance of caution unless they are on the verge of being busted!  I hope the judges are all willing to hold the banks accountable for their creation of DTFMS (destined to fail mortgage system) know ing they were seens as TBTFB (too big to fail bank) that is allowed to pass their loses on to the tax payer.  Of course they get to keep the profits they have claimed over the past several years and we get sold down the river.  ---
-----my comments
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