Another Wall Street Giveaway?

What are you, 12 years old?
If you don't pay your mortgage, the bank will foreclose. Moron
What does that have to do with the Foreclosure King?

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

" OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

"They lied, misled, and deceived homeowners into predatory mortgage loans knowing the loanee couldn't afford the payments. The Office of the Inspector General wrote in 2011 that:

"'OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications. The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans.'"
6a00e5513924e6883301901e503205970b-pi

Capitalism at its finest.
 
They could own the entire market next week...…..Durr
Free MAGA market, Moron?

The Federal Reserve Now Owns 15 Percent of the U.S. Treasury Market; At Its Current Rate, It Could Own the Whole Market in Less than Two Years

"But exactly how can a so-called 'free market' function smoothly if the country’s own central bank is cornering the market.

"Salomon Brothers paid a $290 million fine and came close to getting slapped with criminal charges by the U.S. Department of Justice in 1992 for manipulating prices in the Treasury market.

"And make no mistake about it, the Fed’s massive purchases are having a demonstrative impact on driving up prices in the Treasury market while driving down yields – meaning the income that determines if senior citizens in America can buy real groceries or have to live on one pot of soup for the week."

"But exactly how can a so-called 'free market' function smoothly if the country’s own central bank is cornering the market.

You should definitely stay out of the Treasury market, it's being cornered. LOL!

"Salomon Brothers paid a $290 million fine......in 1992

View attachment 317103
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Stay safe.:auiqs.jpg:

Hey, it's old Husky!!!

How's your Soviet Union now?

Fucking losers.
 
What are you, 12 years old?
If you don't pay your mortgage, the bank will foreclose. Moron
What does that have to do with the Foreclosure King?

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

" OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

"They lied, misled, and deceived homeowners into predatory mortgage loans knowing the loanee couldn't afford the payments. The Office of the Inspector General wrote in 2011 that:

"'OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications. The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans.'"
6a00e5513924e6883301901e503205970b-pi

Capitalism at its finest.

OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

Ummmmm…..if you had a mortgage, you were already in debt.
If you don't make your payments, the bank will foreclose.

OneWest executives had instructed employees to reject as many loan modification applications as possible

Bair had used IndyMac to experiment with loan modifications, which prevented foreclosures by lowering a borrower’s monthly payment. At the behest of the FDIC, OneWest modified loans, too, and by 2013 had offered lower payments to nearly 102,000 homeowners.
 
What are you, 12 years old?
If you don't pay your mortgage, the bank will foreclose. Moron
What does that have to do with the Foreclosure King?

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

" OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

"They lied, misled, and deceived homeowners into predatory mortgage loans knowing the loanee couldn't afford the payments. The Office of the Inspector General wrote in 2011 that:

"'OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications. The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans.'"
6a00e5513924e6883301901e503205970b-pi

Capitalism at its finest.

OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

Ummmmm…..if you had a mortgage, you were already in debt.
If you don't make your payments, the bank will foreclose.

OneWest executives had instructed employees to reject as many loan modification applications as possible

Bair had used IndyMac to experiment with loan modifications, which prevented foreclosures by lowering a borrower’s monthly payment. At the behest of the FDIC, OneWest modified loans, too, and by 2013 had offered lower payments to nearly 102,000 homeowners.
undertaker-mnuchin-trump.png

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

"OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications.

"The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans."
 
What are you, 12 years old?
If you don't pay your mortgage, the bank will foreclose. Moron
What does that have to do with the Foreclosure King?

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

" OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

"They lied, misled, and deceived homeowners into predatory mortgage loans knowing the loanee couldn't afford the payments. The Office of the Inspector General wrote in 2011 that:

"'OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications. The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans.'"
6a00e5513924e6883301901e503205970b-pi

Capitalism at its finest.

OneWest refused to re-finance mortgage loans knowing these loans were designed to force homeowners into debt and eventually would foreclose on their homes when they could no longer pay.

Ummmmm…..if you had a mortgage, you were already in debt.
If you don't make your payments, the bank will foreclose.

OneWest executives had instructed employees to reject as many loan modification applications as possible

Bair had used IndyMac to experiment with loan modifications, which prevented foreclosures by lowering a borrower’s monthly payment. At the behest of the FDIC, OneWest modified loans, too, and by 2013 had offered lower payments to nearly 102,000 homeowners.
undertaker-mnuchin-trump.png

This Is Why Kamala Harris Refused To Prosecute Steve Mnuchin — Steemit

"OneWest executives had instructed employees to reject as many loan modification applications as possible and created an environment that encouraged loan modification staff to misinform borrowers about their eligibility status, routinely shred loan modification applications, and inappropriately deny loan modifications.

"The letter also stated that the terms of the FDIC’s agreement with OneWest created a financial incentive for OneWest to foreclose rather than modify loans."

At the behest of the FDIC, OneWest modified loans, too, and by 2013 had offered lower payments to nearly 102,000 homeowners.
 
At the behest of the FDIC, OneWest modified loans, too, and by 2013 had offered lower payments to nearly 102,000 homeowners.
"LOS ANGELES — A reverse mortgage lending company that was previously connected to Treasury Secretary Steve Mnuchin has agreed to pay $89 million to settle claims that it abused a federal home insurance program. Federal officials had been investigating the company's failed home loans to a mostly-elderly clientele."

Steve Mnuchin's Former Bank To Pay $89 Million Settlement to U.S.
 
Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.
undertaker-mnuchin-trump.png

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

I don't know a single old person being kicked out of their home. If they didn't pay for it, then it isn't their home is it? If they did pay for it, then no one can kick them out of it.

Further, old people are shareholders. If they have a 401K, or Pension, or an annuity, they are shareholders. The vast majority of all people have their retirement in stocks.

And you can complain about corrupt politicians, but the bottom line is, until you stop voting for them, they'll remain corrupt. You can't blame politicians, when you keep voting for Democrats that are more than obviously corrupt.

Additionally, you can complain about US debt until end of time, but if you support the cause of the $122 Trillion in unfunded liabilities... then you are as much a part of the problem as anyone. Medicare and Social Security, are slowly bankrupting the country. While the other spending on entitlements like unemployment comp, and food stamps also add to that cost.... in the end, it's primarily entitlements that are bankrupting the country.

I find it funny though, that left-wingers only seem to notice this when it's a Republican in office. I bet you anything, if Obama was in office right now, you wouldn't be on here complaining about it. Were you here in 2009-20012, when Obama spent over $4 Trillion in just 4 years? Bet not.
 

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