Oh what a tangled web we weave, When first we practice to deceive!
~ Sir Walter Scott
Do you wonder why no action has been taken against the big banks and Fannie and Freddie? Maybe it is because of the likely corrupt D.C.-Wall St. connection with Holder and Breuer up to their necks in it.
Holder and Breuer may be worried about what will happen to the banks and our country if the problem is exposed, but I believe exposure will bring us closer to being the nation of laws we were intended to be – it’s called justice, real justice. Holder and Breuer are most assuredly worried about themselves as well.
There is a massive coverup going on.
First, a brief history on who Holder is –
Holder, while working as Assistant AG for Clinton, signed a pardon letter for the corrupt tax evader Marc Rich. No question Rich was very corrupt and very guilty.
Then there is the case of the FALN terrorists. Holder bullied subordinates at the Clinton DOJ to drop all opposition to a 1999 grant of clemency to 16 members of two terrorist Puerto Rican nationalist organizations. The organizations were part of FALN, the Armed Forces of National Liberation, and Los Macheteros. In separate cases, they had been convicted of bank robbery, various armed robberies, possession of explosives, and participating in a conspiracy to overthrow the U.S. government – overall, 130 bombings, numerous armed robberies, murders, injuries, and seditious plots.
Now that you have background on Holder, know that he is linked once again to a failure to abide by the law and may in fact be part of the fraud that led to the housing crisis which caused the near collapse of the U.S. economy.
A Reuters investigation revealed on January 20th that U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners at a Washington law firm, Covington & Burling. This firm represented most of the big banks and other companies now at the center of alleged foreclosure fraud. Holder and Breuer were partners at Covington throughout the alleged fraud.
Despite countless documents alleging fraud from every imaginable government entity, neither Holder nor Breuer will investigate the targets of the mortgage fraud that nearly destroyed our economy. Both Holder and Breuer should recuse themselves but refuse to do so, claiming they have checked this out with their legal department.
Covington’s clients included the four largest U.S. banks – Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co, at least one other bank that is among the 10 largest mortgage servicers.
There is copious evidence that these financial entities committed extensive fraud while under the legal supervision of Covington, Holder and Breuer’s firm. Among the fraudulent foreclosures are many that were drawn against thousands of military personnel while they were risking their lives overseas.
Covington, created MERS, the Mortgage Electronic Registration Systems for these financial entities, which was intended to speed up registration and transfer of mortgages. By 2010, MERS owned half of the mortgages in the country (60 million). Holder and Breuer were partners at Covington during all of this.
MERS is at the center of thousands of complaints that have gone unanswered by Holder. Documents of evidence from local, county, state records show MERS authorized thousands of bank employees to sign their names as MERS officials on allegedly fake mortgage assignments.
Evidence of widespread “robo-signing” surfaced in which mortgage service employees were falsely signing and swearing to massive numbers of affidavits and other foreclosure documents. No one read them or checked them, certainly not Covington.
Holder refused and continues to refuse to investigate. Does it sound a little like Fast & Furious?
The WH and the DOJ are intimately tied to Covington –
From Reuters: In 2010, Holder’s deputy chief of staff, John Garland, returned to Covington, as did Steven Fagell, who was Breuer’s deputy chief of staff in the criminal division.
Senior government officials often move to big Washington law firms, and lawyers from those firms often move into government posts. But records show that in recent years the traffic between the Justice Department and Covington & Burling has been particularly heavy. In 2010, Holder’s deputy chief of staff, John Garland, returned to Covington, as did Steven Fagell, who was Breuer’s deputy chief of staff in the criminal division.
The firm has on its web site a page listing its attorneys who are former federal government officials. Covington lists 22 from the Justice Department, and 12 from U.S. Attorneys offices, the Justice Department’s local federal prosecutors’ offices around the country.
Reuters: Raymond Brescia, visiting law professor at Yale Law, who has written about foreclosure practices, said in a 2011 interview, “I think it’s difficult to find a fraud of this size on the U.S. court system in U.S. history.”
Reuters reported in 2011 that public records show large numbers of mortgage promissory notes with apparently forged endorsements were submitted as evidence to courts –
There also is evidence of almost routine manufacturing of false mortgage assignments, documents that transfer ownership of mortgages between banks or to groups of investors. In foreclosure actions in courts mortgage assignments are required to show that a bank has the legal right to foreclose. Read more: Reuters
Holder and Breuer must go, and possibly to prison. What kind of administration keeps allegedly corrupt officials in a department overseeing justice?