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 Is JPMorgan Chase and the FDIC aiding and abetting fraud? View next topic
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun Apr 11, 2010 10:33 pm Reply with quoteBack to top

And now, 3 years later, the truth is coming out even by the mainstream media. They have taken such a credibility beating by the US citizenry over their lack of telling the truth about our economic implosion (over 15 million fraudulent and/or deceptive and unfair lending practices between 2003 - 2007???) that they now are forced to boost ratings by exposing the final truth. I used to throw things at my television when Dylan and his "fast money" crew were pumping (and dumping) the stock market for their corporate handlers. And now he is a posterboy for exposing the fraud.

Good boy Dylan. What took you so long?

http://market-ticker.org/archi.....tigan.html

BTW. For all the dirtbags (you know who you are...) who harrassed me on this site for telling the truth, my first foreclosure with WAMU was DISMISSED!

11/4/2009 ORDER OF DISMISSAL
11/4/2009 COVER LETTER TO ORDER OF DISMISSAL
11/4/2009 COPIES COURT CIRCUIT Receipt: 117156 Date: 11/04/2009
9/17/2009 APPLICATION FOR ORDER TO SHOW CAUSE (HARRINGTON)
.................................................
PS - My American Dream is now replaced with seeing Kerry, Steve and the gang from WAMU in orange jumpsuits amongst the gang member population whose mothers were foreclosed upon due to WAMU's (allegedly- lol's) fraudulent (oops - I meant lax, reckless, etc.) lending policies, practices and patterns... Wink

I thank an awesome God, an honest attorney, an honest Judge, and the 100's of folks around the country, many on this site, who supplied me with information, evidence and support.

As well, thank you Aaron Krowne, Michael Blomquist, Anthony Freed, Karl Denninger, and Mark Hanson for having the testicles to tell the truth over the internet. The gutless cowardly "journalist" media did NOT do their jobs. About the only things the MSM can do is start runs on banks on behalf of other banks. (see the Texas Complaint - WAMU vs. JPMorgan Chase and the FDIC - for an alleged reference)

Stay tuned for round two.... We are now forming a National WAMU Homeowner Support Group, and are we ever swapping stories and information about those scum-bags....

Now it's getting real interesting!
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun Apr 18, 2010 2:28 am Reply with quoteBack to top

for all the haters, suck on this...
Senate Sub-Committee: 666 pages of WAMU's fraud spree on homeowners, investors, and then shareholders and employees... then taxpayers...
http://hsgac.senate.gov/public.....hibits.pdf

...........................................................................................................
I am sending out copies of this email to others to enlighten them as to the upcoming Senate Sub-Committee hearing with Kerry Killinger and Steve Rotella, both formerly of Washington Mutual Bank (WAMU.)

I have proof that WAMU INTENTIONALLY changed my debt to income ratio to willingly "force" the LPS Desktop underwriting program to "approve" my loan. This would mean three things:

1- WAMU deliberately and maliciously removed approximately 40% of my debt against my Debt to Income Ratio to over-ride the initial underwriter "decline" to generate a final "approval."
2- My loan was based on FULL DOCUMENTATION of TWO YEARS of Tax Returns, Profit and Loss Statements, Balance Sheet and Operating Statements, Corporate returns, Copies of Leases, and checking statements which would have PLAINLY EVIDENCED THE DEBT OF THESE THREE MORTGAGES THAT WERE SIMPLY TOSSED ASIDE.
3- A consumer who would have performed this same act would be GUILTY of LOAN FRAUD, and due to the evidence and motive, would have been prosecuted and convicted of Loan Fraud.

In addition, the same final underwriter, cut the property taxes in half (approximately $4700) after PLAINLY ACKNOWLEDGING the taxes at approximately $10,000 in a prior agreed upon settlement statement. Again, this effort was clearly to force the LPS Desk-Top Underwriting Software to force the loan from a "decline" to an "approval." Again, this would be considered loan fraud if perpetrated by a consumer. Regretfully, the property tax deficiency caused an unrealistic, unforeseen and unmanageable $1400.00 per month SPIKE in my mortgage payment 17 MONTHS AFTER CLOSING. Imagine, if your monthly payment unexpectantly and unfairly went up $1400 per month, would you be very happy?

I was sent a LOAN APPROVAL LETTER earlier than the initial "decline" indicating that it was a "good enough" loan at the dollar amount that I could shop, prepare to purchase, and close on a house at the commensurate price level of a million dollars. This proves two things about WAMU's UNCLEAN HANDS and UNFAIR & DECEPTIVE BUSINESS PRACTICES:
1- They were willing to do anything they wished to approve the loan that WAMU knew would already fail.
2- That WAMU would approve this loan on the basis of utilizing the lowest payment of a NEGATIVE AMORTIZATION instead of the highest, fully indexed payment, as should have been an industry standard for underwriting "safety and soundness."

The NEGATIVE AMORTIZATION feature of the OPTION ARM LOAN was NEVER FULLY DISCLOSED to me prior to the closing. This was a material misrepresentation to a fact and clearly produces FRAUDULENT INDUCEMENT. A reasonable person would have NEVER gone through with this TOXIC, EXPLODING LOAN that would severely damage my family's lives for over the past 3 years, ruining my (our) great credit, costing me (us) 100,000's of dollars, and losing potentially millions of dollars in income - past, present and future.

The terms and conditions of my entire loan changed at closing. So WHY did I not "see" all of the changes? Because I WAS NOT AT THE CLOSING. WAMU failed to meet the first closing date, I was out of town on business, and my wife and realtor went in my place. HOW WAS MY WIFE TO KNOW OF ALL THE ABRUPT, UNFORSEEABLE CHANGES made at the eleventh hour and 59th minute of a arduous two month process of merely buying a home? WAMU knew I was NOT going to be there to "catch" the changes.

WAMU certainly never expected to meet a Rob Harrington, or thousands like me, who would devote the rest of their lives to investigating and prosecuting the FRAUDULENT LENDING PRACTICES AND PATTERNS of "banks" like WAMU. I possess over 3000 additional pages of other documents, 100's of phone calls, 1000's of emails, and have researched and interviewed countless victims of (alleged) fraudulent and forged assignments and (alleged) illegal foreclosures across the country. The (alleged) abuse of process in the courts today by the corporations and their attorneys are a shameful recognition of how truly corrupt the process is against the homeowner.

The OTS, the most "shopped regulator" in the history of our country, "encouraged" banks like WAMU, Countrywide, IndyMac, World Savings, etc., to violate the very laws the OTS was supposed to enforce to protect the consumer.

Additionally, the FDIC is complicit as a "lax" regulator, who not only paid bonuses to their employees during the fraudulent boom, but they now stand in the way of WAMU homeowners seeking legal redress and are (allegedly) forcing FRAUD UPON THE COURTS/ABUSE OF LEGAL PROCESS upon struggling homeowners who really cannot afford proper legal representation. Furthermore, the FDIC profits from REO dispositions of foreclosed houses by the same failed (Bankrupt) banks who perpetrated the massive bulk of LENDING FRAUD. JPMorgan Chase is (allegedly) complicit in this scheme, as well. (Please reference the TEXAS ACTION in WAMU vs. FDIC/JPMorgan Chase - Delaware Bankruptcy Court)

A CRIMINAL AND CIVIL RICO CONSPIRACY EXISTS, and I bet you a dollar, not one word comes out in the sub-committee hearing (with Kerry Killinger and Steve Rotella) regarding the inherent criminality of what the mainstream media has universally termed "lax and reckless lending." I promise you, by GOD, this will become exposed to the mass public, with or without your help. May GOD help anyone who hides and masks the truth as has been done so far. That would make many in Congress and Government - AIDERS AND ABETTORS - to a criminal and civil conspiracy, before, during and after the fact.

Shame on our Government (and BOTH POLITICAL PARTIES,) paid for by the taxpayers and citizens, the body that was supposed to protect all of us from the excesses and unfair profits of PROVABLE ORGANIZED CORPORATE FRAUD.

My name is Rob Harrington. I will swear by oath and attest that my 3 years of (almost) daily research and investigation will reveal the TRUTH about organized fraudulent lending.

Feel free to interview me, and the MILLIONS(?) of consumers who were most likely victims of LENDER FRAUD between the years of 2003 - 2007, especially by WAMU.

Consumers should NOT be expected to have to become attorneys who specialize in Real Estate Law, Contract Law, Finance Law and Securities Law... simply to buy and own a HOME!

The ONLY SOLUTION to fix our country and economy, is to investigate, prosecute and incarcerate corporate criminals and make the consumer victims of Corporate fraud whole again. Anything short of this solution and goal is treasonous and criminal.

Please share this email with the distinguished members of this very important Sub-Committee. Thank you and your members if their work is really designed to lead to real change that we as citizens can (finally) believe in.

Sincerely,

Rob Harrington
Co-Founder & Un-Paid Volunteer/ National WAMU Homeowners Support Group
(850) 259-6422
crharrington@cox.net
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun Apr 18, 2010 4:25 am Reply with quoteBack to top

I was being activly recruited by wa-mu in 2004. They kept showing me print outs of a loan officer in the San Francisco area that originated nearly 1 Billion in 2003. I believe it to be true.

My point is; his originations were well over 85% option arms.
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun Apr 18, 2010 1:30 pm Reply with quoteBack to top

It has always been about the money. Now it is all about who gets the money from the foreclosed homes? Probably not the defrauded investors
who bought them through bonds or pension funds.

Follow the money after the foreclosure. A foreclosure mill attorney in FL has been accused of insider trading of buying the same homes that his firm (allegedly) fraudulently foreclosed upon with fabricated documents...

Another was allegedly disbarred in Wisconsin for being paid $40,000 on the sale of a foreclosed home as was not disclosed on the HUD closing doc.

It will always be about the money and not integrity nor honesty.
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun May 09, 2010 10:22 pm Reply with quoteBack to top

Here is why winning will be difficult for homeowners, but not impossible... we hope.

FDIC peddles foreclosed homes from (allegedly - lol's -) fraudulent banks (like WAMU?) they, the FDIC were supposed to also regulate.
http://www.fdic.gov/quicklinks/investors.html

US Marshals Service (DOJ - Federal Gov.) does business with companies like LPS who services foreclosure defaults. (see bottom of US Marshal web page)
http://www.justice.gov/marshal.....-e/assets/

DOJ investigates companies like LPS... but doesn't seem to find any substantial clues (for over a year...?)
http://webcache.googleusercont.....&gl=us

FDIC gets their free banks from the OTS (Federal gov.) who does a "dismal" job of regulating banks (like WAMU, and Countrywide, and IndyMac, and AIG, etc., etc., etc.,?)
http://www.huffingtonpost.com/.....39845.html

FL Attorney General's office told me it was the OTS's responsibility as a Thrift. "Sorry, nothing we can doo for ya!"

OTS was notified 2(?) years ago regarding my case by my friend Kathy K.... we never received even a response.


So, the final clue is: WHO MAKES THE MONEY WHEN A HOME IS FORECLOSED UPON?

NOT THE INVESTORS who's bonds, pension funds and 401K plans have collapsed never to return again based upon the Mortgage Backed Securities they purchased a while ago.... Wink


Last edited by rocketrob on Sun May 09, 2010 10:47 pm; edited 1 time in total
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun May 09, 2010 10:36 pm Reply with quoteBack to top

Senate Subcommittee - 2nd day of hearings. Remember the first day, WAMU was cooked on a BBQ spit along with greasy droppings like Rotella and Killinger.

http://hsgac.senate.gov/public.....hibits.pdf

80% plus insider fraud rate from just one office (Montebello, CA?)

Wonder what the accumulative average was in all of their other offices? (... Remember Bear Stearns, AIG, Lehman?)

Thank you to all the "whistleblowers" who worked at WAMU and have sent me nice, encouraging emails of support. They know the truth, too. They were there! This is how you guys fix your industry.

Send the criminals to jail. Send in your boss, he will turn on his boss, and so on... just like drug dealers! Make them all snitchez or bitchez! Smile

(The haters seems to have disappeared from my post - like the jack - @$$ from IndyMac! Fine Christian you are - you piece of detritus!!!)
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rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun May 09, 2010 10:50 pm Reply with quoteBack to top

We are actively looking for WHISTLEBLOWERS from WAMU.

There is a HUGE, HUGE difference between a whistleblower and a snitch.

A whistleblower comes forth because they know it is the right thing to do and are very honorable people.

The SNITCHEZ sing like a canary to lighten jail time or avoid it after they have been pinched, or deposed. They are opportunists and self-centered yet have a knack for stealing from their mothers' purses.

The BITCHEZ go to prison and meet up with sweaty, testosterone laden sociopaths, who's mothers were foreclosed upon.

Smile
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silversword
Guest





Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Fri Jun 04, 2010 12:59 am Reply with quoteBack to top

To help everyone understand the mortgage fraud
this document of the latest research in the field has now
uncovered
http://privateaudio.homestead......_BEGIN.pdf
silversword
Guest





Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Fri Jun 04, 2010 1:00 am Reply with quoteBack to top

To help everyone understand the mortgage fraud
this document of the latest research in the field has now
uncovered
http://privateaudio.homestead......_BEGIN.pdf
rocketrob
Dyn-o-mite!


Joined: 18 Mar 2008
Posts: 405

Re: Is JPMorgan Chase and the FDIC aiding and abetting fraud?
PostPosted: Sun Aug 29, 2010 1:37 pm Reply with quoteBack to top

WE are looking for 1000 WAMU homeowners and WAMU WHISTLEBLOWERS! Come join in with pitchforks and torches. Also bring some qualified foreclosure defense attorneys, some intelligent honest Judges, and start contacting the Attorney Generals and FBI.

The BBQ has just begun!!

www.wamuloanfraud.com

PS - Everything I wrote about over 2 years ago is now coming out as the truth. Millions of fraudulent loans by WAMU, Countrywide, Indymac, etc... CAUSED OUR ECONOMIC IMPLOSION. Only so much theft could result in our current economic disaster...

Rob Harrington
co-founder - National WAMU Homeowners Support Group

http://wgroup.ning.com/
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