I HAVE JUST DONE THIS BLOG http acenewsservices…

I HAVE JUST DONE THIS BLOG! https://acenewsservices.com/2014/05/23/george-soros-sells-all-shares-of-citigroup-bank-of-america-and-jp-morgan/ Check this!! RE: Citigroup, Bank of America and JP Morgan

Things are heating up, I “JUST” did the blog above and thus lad has been arrested, he works for JPMorgan! The brown stuff is WELL AND TRULY hitting the fan today. The US dollar MUST be on the verge of going. A global collapse? What you all think?

(Cathy Chan) Fang Fang, former chief executive officer for JPMorgan Chase & Co. (JPM)’s China investment bank, was arrested by Hong Kong’s anti-graft agency, Caixin reported, citing two people it didn’t identify.

The banker is out on bail after he was released by the Independent Commission Against Corruption, the magazine said, without disclosing when Fang was taken in for questioning. He’s restricted from leaving Hong Kong, it said. The arrest may be linked with probes into banks’ hiring practices, Caixin said.

Fang, a 12-year veteran of JPMorgan, resigned from the New York-based firm in March, according to an internal memo obtained by Bloomberg News at the time. His departure came amid a U.S. investigation into whether the firm employed people in Asia so that their relatives in government would steer business to the bank, people with knowledge of the probes have said.

The bank hasn’t been charged with any wrongdoing.

Fang declined to comment when reached on his mobile phone today. JPMorgan’s Hong Kong-based spokeswoman Marie Cheung also declined, while ICAC spokeswoman Charmaine Mok said the agency doesn’t comment on individual cases.

The ICAC searched a JPMorgan office in Hong Kong on March 26, two people with knowledge of the matter said at that time. The agency seized computer records and documents after searching Fang’s office, said the people, who asked not to be identified because the investigation is confidential.

Fang joined JPMorgan in August 2001 and was a former vice president of Beijing Enterprises Holdings Ltd., an investment company controlled by the government of China’s capital. He became head of JPMorgan’s China investment-banking business in 2007 and was made vice chairman for Asia investment banking in 2009. He quit the bank as he wants to spend more time with his family, a person with knowledge of the matter said earlier.

#arrested-by-hong-kongs-anti-graft-agency, #bank-of-america, #banker-arrested-on-day-george-soros-sells-up, #cathy-chan-fang-fang, #fang-fang, #former-chief-executive-officer-for-jpmorgan-chase-co, #itigroup, #jp-morgan, #jpmorgan, #jpmorgan-chase, #jpmorgan-chase-co, #jpmorgans-china-investment-banking-business

George Soros sells all shares of Citigroup, Bank of America and JP Morgan


George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter

Well if we go back to this story I am following

List of Dead bankers, a sign “Something” is coming, I say the US dollar is close to total collapse!
http://shaunynews.com/2014/04/07/another-banker-found-dead-along-with-wife-and-daughter/

Russia and China dropped the Dollar earlier this week
http://shaunynews.com/2014/05/21/russia-and-china-dumped-the-us-dollar-petro-dollar-and-dow-drops/

WASHINGTON (INTELLIHUB) — Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process. Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain.

Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500. At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past. As a result of this reputation, investors have begun to keep a close eye on his holdings. This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

The Wall Street Journal reported that “George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)”

In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. “We witnessed the collapse of the financial system … It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”

#bank-of-america, #banking, #ceos, #citigroup, #corporate-greed, #george-soros, #jp-morgan, #lies, #the-wall-street-journal, #wealth

” Bank of America Spy’s on `Anti-Government Protester’s’ for the Fed’s over Monsanto”

#AceNewsServices says according to StoryLeak they state that we have been contacted by legislators who have revealed that thanks to exclusive information leaked via Storyleak, such as the reality that Bank of America is actually spying on ‘anti-government’ protesters for the fed’s, legislation has been launched to protect our privacy in an entirely new way on state-wide levels — and it’s expected to pass.

We have seen the same sentiments in exclusive interviews regarding anti-drone spying legislation, which is yet another reminder of how simple it can be to spring real action from truth.

Read More at: http://www.storyleak.com/corrupt-mega-corps-monsanto-bank-america-business/

#bank-of-america, #monsanto, #spying, #storyleak, #truth

Bank of America: “Social Media Trolling” to Carry-Out Spying on Political Groups” Uncovered

#AceSecurityNews says according to SL an email uncovered through a Washington state public records request has confirmed the existence of a Bank of America “social media trolling” spy team, used to carry out surveillance on multiple political groups by Washington state activist Andrew Hendricks, the email, dated September 23, 2013, details a conversation between Bank of American’s Global Corporate Security Vice President Kim Triplett-Kolerich, the Washington State Patrol (WSP) and one redacted recipient.

BOFA EmailDiscussing the then upcoming Anonymous “Million Mask March” at the state’s capitol, Kolerich, who previously spent over 25 years in the Washington State Patrol, details the bank’s superior ability to track political groups.

“If you find any intel on Anarchists or Occupy Protesters please let me know – I will most likely find it first as Social Media trolling is not what the WSP does best,” Kolerich says. “Bank of America has a team of 20 people and that’s all they do all day and then pass it to us around the country!!”

Whether Kolerich is referring to a specific Washington state based team or the total number of paid “trolls” is unclear, though the possibility of multiple nationwide teams seems much more likely.

Comments made earlier in the email by Kolerich reveal the bank’s private history with law enforcement as well, specifically regarding previous and upcoming “intel” exchanges.

May Day I will pick your brain for intel and I will give you a lot also,” Kolerich says. “The Public-Private partnership worked great last year and hopefully being ahead of the anarchists will protect all of you from protests/arrests/injury.”

Page 12 of the public records release, which details an October email exchange, also shows the bank’s relationship with the Joint Terrorism Task Force (JTTF) as well as the state’s Homeland Security run Fusion Center.

“Sorry for not getting back to you sooner – hectic weeks lately with foreclosures and this MMM march,” Kolerich says. “We are not seeing much – I understand the WSP is ramping up but I haven’t checked with the Fusion Center and JTTF…”

The permitted three-hour protest, which drew around 100 peaceful protesters to the state’s capitol, was surveilled by multiple agencies as well as a fixed wing aircraft, costing taxpayers over $28,000.

While Kolerich can only be linked to law enforcement groups in Washington state, the likelihood of the bank sharing data with countless agencies across the country is apparent.

This follows and gives even more validity to a major data release by Anonymous last year, where information on an unsecured server pointed to Bank of America’s spying as well.

Similar to the NSA’s collusion with private companies, the emails represent yet another example of the government using private groups to spy on Americans.

Courtesy of SL

 

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#acesecuritynews, #bank-of-america, #fusion-center, #joint-terrorism-task-force, #kim-triplett-kolerich, #kolerich, #occupy-movement, #political-groups, #related-articles-bank-of-america-ceo, #social-media, #united-states, #washington, #washington-state, #washington-state-patrol, #wsp

Obama’s “Home Affordable Modification Program” Modifies a Way to Foreclose this Person’s Home just Before #Christmas

HAMP#AceNewsGroup  says WASHINGTON  – Courtesy of MCDC  who have found and reported this story about how companies use HAMP! As Billions of dollars in foreclosure settlements between big banks and government regulators haven’t helped Laura Biggs.

The California woman is scheduled to lose her home nine days before Christmas because her mortgage company concluded that the house is no longer the primary residence of her husband, who’s been dead since 2003.

Technically, though, it still is George “Kenny” Mitchell’s primary residence. He resides at the home in Rialto, east of Los Angeles near San Bernardino, in an urn. His cremated remains are part of an altar that Biggs, 65, keeps in memory of the trucking-company manager. Many mementos from their marriage surround his smiling photo.

Biggs faces a Dec. 16 sale date, a holiday spoiler. It’s a property in which she’s built up more than $100,000 in equity and where she’s lived for 13 years, making payments on time. Her issue is back taxes, but more on that later.

“I’m getting ready to get tossed out. Whoever buys the property could toss me out,” she said.

The struggles of the career nurse who spent a lifetime helping others underscore this key point: Despite high-profile legal settlements in recent years that have resulted in large banks such as Bank of America, Citibank, Wells Fargo and JPMorgan Chase paying billions of dollars for past sins, the foreclosure process remains a mess.

Centre for Responsible Lending “It’s just a continuing misalignment of incentives: that a (mortgage) servicer doesn’t get paid for figuring this stuff out, but they get paid for foreclosure,” said Michael Calhoun, the president of the Durham, N.C.-based Center for Responsible Lending, which has fought to hold servicer’s accountable. “Even today, the servicers are understaffed and overwhelmed. If this were your local community bank, they of course would be working with you.”

Servicers are essentially mortgage-payment collectors for investors who bought slices of complex mortgage bonds, composed of thousands of mortgages that combine to provide the investor an income stream through the monthly payments made by Biggs and millions of other American homeowners.

SPSThe company that collects Biggs’ mortgage is Select Portfolio Servicing Inc., a Utah-based company that services many of the poorly underwritten sub-prime mortgages that helped trigger the 2008 financial crisis and a collapse in home prices. On its website, the company lists a P.O. Box in Salt Lake City for an address, offers no information on corporate officers and gives only toll-free phone numbers that feed to automated call centers.

BOFAThe company became a sub-servicer last year for Bank of America, which purchased disgraced subprime lender Countrywide Financial and its loan portfolio during the financial crisis.

HAMP ProgramPaperwork that McClatchy obtained shows that Select Portfolio Servicing initially worked with Biggs to find a solution, including a potential mortgage modification through the Obama administration’s Home Affordable Modification Program.

But in a Nov. 13 letter addressed not to Biggs – who’s on the deed to the property, though not on the loan – but to her late husband, who’d been dead for a decade, the servicer did an about-face.

“We are unable to offer you a HAMP modification because the property is not your primary residence,” the letter said, saying there’d be no foreclosure for at least 30 days. There now is a foreclosure date that’s three days after the 30-day window expires.

The problem of surviving spouses not being on loans is big enough that the Treasury Department, which devised a series of incentives for servicers to modify mortgages, has an entire section of a manual devoted to it.

“In this case, servicers should collect an Initial Package from the non-borrower who now owns the property and evaluate the request as if he or she was the borrower,” the guidance says, seemingly allowing Select Portfolio Servicing to treat Biggs as the homeowner. A Treasury spokeswoman, speaking only on the condition of anonymity as a matter of policy, said the agency didn’t comment on individual cases and didn’t collect data on the number of surviving spouses in loan modifications.

Mitchell’s loan originated with Countrywide, which underwrote it in April 2000. One reason Countrywide was so successful is it offered unsuspecting homeowners low monthly payments that didn’t include taxes and insurance. Only after signing the contracts did many homeowners learn that they were on the hook for taxes and insurance, too.

Mitchell and Biggs married in 1971, and although Biggs didn’t have her name on the title at the time, her name was on the check the couple sent to pay the mortgage. When he got sick with a disease that causes a cluster of veins in the brain to bleed, the couple started the process to add Biggs to the title but Mitchell, lapsing in and out of a near-comatose state, died before that could happen.

California law recognizes spouses as inheritors of property, and Biggs continued to pay the monthly mortgage with a check in her name. In 2005, Biggs had health problems, and while she kept making the mortgage payments she couldn’t pay the separate taxes and insurance. Select Portfolio Servicing added an escrow account and folded those payments into her monthly mortgage payments until they were paid off.

Fairbanks Capital CorpThe servicer had been renamed a year earlier from Fairbanks Capital Corp. after a $40 million settlement with the Federal Trade Commission in 2003 for illegal loan servicing practices. On its website today, Select Portfolio Servicing boasts that it handles more than 300,000 “nonprime residential mortgages.” That’s a more generous way of saying lower-performing subprime loans.

Biggs continued to pay her mortgage month after month but she fell behind again on the property taxes in 2011. Select Portfolio Servicing initially said in a letter on Jan. 5, 2012, that it would do the same as in 2005 and add those monthly amounts to the mortgage statement, like what’s done today on most new mortgages.

But when Biggs tried to talk directly with the company, customer services representatives refused to deal with her, insisting on speaking with Mitchell, something that’s impossible. The offer to roll the taxes into the loan was abruptly withdrawn, she said.

“Because my name was not on the loan, they wouldn’t talk to me,” Biggs said. “It always had my name on the checks. My name has been on those checks ever since we got the property. It was never an issue until last year.”

Biggs tried to continue making monthly mortgage payments but the servicer refused to accept them. The mortgage became delinquent and later was placed in default, despite more than $100,000 in equity built up.

“A little common sense. . . . Why wouldn’t you deal with this person?” said Calhoun, who has no involvement in the Biggs case. “It is just a lack of common sense, capacity and incentives. This is not a unique case.”

It wasn’t until this September that Select Portfolio Servicing began talking with Biggs, as an Oct. 2 sale date loomed. By then, her name was on the deed but still not on the loan.

“It wasn’t until I came to George that they realized that my husband was dead,” Biggs said.

George is George Bosch, the legal administrator for the Los Angeles-area law firm of Edward Lopez, which has taken the Biggs case pro bono.

“If you have a surviving spouse, legal documents are not necessary. (Select Portfolio Servicing) didn’t realize they were in California,” said Bosch, who did the paperwork for Biggs to seek a mortgage modification through the Home Affordable Modification Program. “They came with a new loophole. The guy doesn’t reside here.”

Select Portfolio Servicing, which doesn’t list a media contact on its website, didn’t return calls requesting comment.

Biggs authorized a McClatchy reporter to speak to a relationship manager with the company last week, and a representative of the servicer said Biggs didn’t qualify for a mortgage modification because she wasn’t the executor of Mitchell’s estate. When reminded that Bosch had cleared up this issue weeks ago, the representative agreed to escalate the case with an eye toward postponing the sale, which hadn’t happened as of the close of business Friday.The Treasury Department, in its third-quarter 2013 servicer assessment report, said Select Portfolio Servicing “has areas requiring moderate improvement” but stopped short of discontinuing the provision of financial incentives to the company to remain in the mortgage-modification program.

And Biggs? With a bad back that’s partially disabled her, she may not spend Christmas decorating her home but rather finding somewhere else to live.

“I couldn’t move in with family,” she said ruefully, noting that she has too many belongings and two dogs. “I’d actually have to find somewhere else to live.”

 

#acenewsgroup, #bank-of-america, #bank-of-america-home-loans, #biggs, #california, #center-for-responsible-lending, #federal-trade-commission, #home-affordable-modification-program, #laura-biggs, #los-angeles, #mortgage-loan, #salt-lake-city, #select-portfolio-servicing, #subprime-lending, #wells-fargo