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Part Two Of The Fraudclosure Hearing (This Time Featuring Maxine Waters) Live And In Progress
Tuesday's senatorial farce hearing in which fraudclosure was brushed under the rug under the vigilant stare of one Chriss Dodd is being repeated today, this time in Congress, titled: "Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing." Those wishing to waste some time may do so at the following link. As Maxine Waters is present, the farce will be complete.
The list of attendees is as follows. Most interesting will likely be Adam Levitin's presentation due to his previous incendiary commentary (i.e., truth) on the matter of fraudclosure.
Witness List & Prepared Testimony:
Panel One:
- Ms. Phyllis Caldwell, Chief, Homeownership Preservation Office, U.S. Department of the Treasury
- The Honorable Elizabeth A. Duke, Governor, Board of Governors of the Federal Reserve System
- The Honorable David Stevens,
Assistant Secretary for Housing and Federal Housing Administration
Commissioner, U.S. Department of Housing and Urban Development - Mr. John Walsh, Acting Comptroller of the Currency, Office of the Comptroller of the Currency
- Mr. Edward DeMarco, Acting Director, Federal Housing Finance Agency
Panel Two:
- Ms. Rebecca Mairone, Default Servicing Executive, Bank of America
- Mr. Thomas Marano, CEO of Mortgage Operations, Ally Financial Inc.
- Ms. Stephanie Mudick, Executive Vice President, Office of Consumer Practices, JP Morgan Chase
- Mr. Alan Jones, Manager of Operations, Wells Fargo Home Mortgage Servicing
- Mr. Harold Lewis, Managing Director, Citi Mortgage
- Mr. RK Arnold, President and CEO, Mortgage Electronic Registration Systems, Inc. (MERS)
Panel Three:
- Mr. Adam Levitin, Associate Professor of Law, Georgetown University Law
- Center
- Mr. Anthony B. Sanders, Professor of Finance, Distinguished Professor of Real Estate Finance, School of Management, George Mason University
- Ms. Julia Gordon, Senior Policy Counsel, Center for Responsible Lending
- Ms. Linda Fisher, Professor of Law, Seton Hall School of Law
- Ms. Anne Anastasi, President, American Land Title Association
C-Span webcast after the jump
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Maxine Waters who still thinks astronauts landed on Mars and slipped up and admitted she wants to socialize everything.
http://www.youtube.com/watch?v=dZCeuknDKfQ
That was astronaut and US Rep Shelia Jackson Lee, From Houston, Texas home of NASA Mission Control
Yep, the same Shelia Jackson that commended the two Vietnam's for setting an example of how the world can live together in peace. She got 70% of the vote in 2010. [Insert derogatory comment about Houston voters here]
Hearings.. We dont need no stinking hearings.. POMO
POMO just pawn in game of life..
Life? We dont need no stinking life.. POMO
If I ever momentarily get the delusion that government is even very slightly competent, all I need do is listen to Maxine Waters vomit random words out of her wrinkled petulant mouth for 30 seconds to remind me we are totally fucked.
+1,000
Cali can really pump out effective leaders can't it? No wonder they call it the left coast.
I hate it when the people are worse than the parody
I was waiting for the Saturday Night Live parody of Maxine Waters, but this will do.
Has anyone ever tested to see whether she is actually more intelligent than a box of rocks?
Maybe it depends on the rocks? (maybe not)
Rocks have the coherency to maintain their structure. Maxine? Not so much...
and pet rocks show more loyalty
At least a box of rocks can't cause any harm.
Maxine....oh..Maxine....the pain
HAHAHAHAHAAAAA!
Maxine Waters = farce cubed to the tenth power
There's always the guy who took Calculus I and II in every crowd!
Did you get that solar powered calculator I sent?
How's the pocket protector holding up??? ;>)
I actually use a slide rule. Guess which one is me.
Hint: The good looking one with the super sized tool.
CD, Is that TD next to you LOL?!
CD, I do not see Ben Bernanke being held by anyone in the picture.
You can never be too rich, too thin, or too well equipped...
I had Calc I, II, III, and Diff EQ. We were not allowed to use a calculator in any of those classes (becuase you really do not need to).
And now you write algo's for black box trading?
Algos for SEC porn searches. It is a quite secure, well paying job.
dup
trip
Maxine Waters, The same Mad Max that used political influence to bail out her personal bank holding company for which she is pending an ethics trial? That same Maxine Mayhem? She sits in judgement?
Hold it! Is that Chis Dodd's leprechaun dancing on a chamber pot of money in row F ?
hey! where is Mad Max's commentary in this thread?? Somebody call him up
3 Panels???
There's enough crappy looking paneling here to re-do the game room!!!
Redpill,
Unfortunately, you are right on point...
I wonder if they ever thought about interviewing anyone who does not have a vested interest in mainatining their position and the status quo ...
... who out of any of those people listed above will actualy tell the truth? They did not get to their positions of so called "importance" by telling the truth.
Maybe there should be a rule for these hearings, administered by a someone without a vested interest, that anyone caught in a lie, either a member of the committee or one of the circus invitees, will be executed on the spot. It is a reality show that the people could get into ... ratings would skyrocket!
The Truth? In DC?
Now, while the truth may exist there in some fashion, words do not exist to describe it, as they are subjective in all parties.
If Mad Maxine is representative of those that voted for her, what does that say about the voters?
extra-high doses of fluoride in their water
Wakyfornia land of Jerry Brown, Gavin Newsome, Barbara Boxer, Maxine Waters, Nancy Pelosi and a state legislature in which EVERY SINGLE MEMBER was re'elected?
HAHAHAHAAHHAHAHAHHAHAHA
No one will even buy their bonds
Serves them all right, they deserve it. Keep putting the same idiots back in, now I dont want to hear a single complaint out of California.
So, you're saying they've been Jerrymandered to oblivion?
ROFL you forgot the biggest douchebag of them all. Fascist Arnie.
Besides, if you THINK, any state is better than california, then the TBTF are holding perfect subprime loans for you.
No state is ANY LESS whacky, than California.
If anything, without Arnie, it went up. Meanwhile everywhere else, went down. Rick 'fascist' Perry in Texas? That's whackier than california has ever done. Hell Rick Perry is 100x worse than all the lefties from California combined. Whose worse than that? Rand 'fascist, I love corporations' Paul of course.
Besides, Maxine Waters, while being a bit stupid, generally has a good heart, unlike 99 percent of her colleages (left and right).
She's also being railroaded like Charlie Rangel. If you like her or not, that's another issue. But SHE and RANGEL ARE being railroaded. Once their gone, who's next to be railroaded?
Jerry Brown and Barbara Boxer might not be perfect, and in fact stupid in many cases, but he (they) was a helluva lot better than Carly 'outsource and retarded decision maker' Fiorina, and she was the better of the two dipshit, rich, fail upwards republicans running for a California elected office. You had shit and shittier. California went with shit. The rest of the country, went with fascist shittier. Anybody expecting change from the right, is dumber than a Maxine Waters by ten fold. The only change is going to be from paying for what's needed, to fascist neglect of the people, all while more bailouts and corporate power grow. Once people figure out dipshit Rand Paul, the tea 'nuts and cum on your face and all the way up your nose' party are going to freak out. You mean, Rand Paul is worse than what I was previously electing? Yep, by about 100x. Austrian School of Economics, just as flaky as Keynes, much more conducive to genocide.
Another farce hearing for something that should already be decided. Banks or note holders without notes = fail. Derivatives on top of them = worthless
Glass-Steagall
Get a fuckin grip dude. Get off your CA kool aid.
I junked you because overall he is right. The Democrats elected in this turn (Boxer, Brown) suck but they were better than the alternatives. I have no doubt that the first major "problem" Carly would've tackled was the shortage of H1Bs. Deliberately put half of never-unionized Silicon Valley out of work and then howl about unions killing America. Likewise eBay was a sterling example of a real free market until Meg Whitless "managed" it into an overly-restrictive big-brother anti-individualist wasteland.
Fire away, I have no illusions about Dem's or Rep's, I know they are both completely and absolutely fucked. One is "better" than the other? WTF are you talking about? You and this other douche above seem to buy into this typical political MSM brainwashing. I don't.
I'll never understand the Orwellian "freedom = fascism" that comes from the left when attacking libertarians.
BINGO. Likewise, the labling of anything remotely outside the dogma box as "commie" by the nut-job right wingers who are themselves thinly-veiled fascists
"But SHE and RANGEL ARE being railroaded."
Max and Charlie are doing all of the driving. How can that be considered being railroaded?
It says that the problem is an ignorant public moreso than charlatans taking advantage.
http://www.nytimes.com/2010/08/10/us/politics/10ethics.html
ha ha..you're right TD, not gonna waste my time on that one...unless a fist fight erupts, or somebody gets tossed like last time
Waste of Taxpayer Money
Considering the other crap they could be ramming down our throats, this dog/pony show might be cheaper.
2 weeks of losses were retraced 50% in 1 day. I love manipulated markets. It makes knowing the fine line between reality and dreaming quite blurry.
1- Can someone post the link to Turd Ferguson's blog, I just started visiting ZH a few days before he came out with it and have lost the address.
2- There was a post mentioning the US mints 5oz coins - their site says they come out on 19 Nov. Will this item be popular with the people here?
3- Can someone succinctly explain wtf is going on with silver? Is buying the US mint's release tomm my best bet for a 1k purchase?
I just started investing on nov 2, watched the fed throw out that QE II, watched the market every day since then. 99% of it is indecipherable to me, though the surprise margin raises and POMO injections seem to have a common sense effect on the market.
Thank you
http://www.tfmetalsreport.blogspot.com/
All the nonsense of the past week was just spin and manipulation to bring down the euro and levitate the dollar. Nothing more, nothing less.
Never take your eyes off the POMO ball.
You know we're toast when you have a half with like this as an ellected offical. A Russian buddy of mine said yesterday, 'I cannot believe how stupid Americans are to think they live in a free country, this county is no more free than Russia'. Funny my dad says this all the time.
USSA
Maxine, Chris and Barney; WOW what a 3 some; I can't wait for the porn movie. /sarc
Performing for the the future Ethics Committee...
The Wicked Witch of the Watts.
Quick question,
Why do we question the banks when we know they won't incriminate themselves?
GH:
For Congress to show their sheople constituents that they care of course. Esp. the ones that are pulled from the meetings and tasered in the hallway, if they speak out during the "investigation" (a.k.a. banker blowjob).
BTW, Who were you referring to when you said "we"? "Why do WE question the banks..." ???
Didn't you really want to ask: "Why do THEY, the ones re-elected with banker campaign funds, question the banks, when THEY know the banks won't incriminate themselves ?"
Hey - there is your answer.
Fox and henhouse Looney Tunes...
No need to watch the hearing... this is just as funny if not more relevant.
http://www.youtube.com/watch?v=wWwIWNqDsFA&feature=related
best thing I've seen all day....thanks!
"Foreclosures are a last resort." "Foreclosures are a last resort." "Foreclosures are a last resort." "Foreclosures are a last resort."
The first four of this second panel all gave this line. Obvious much?
This is pathetic. I expected these people to cover their own asses, but this is pathetic. "Relocate with dignity." This situation should not involve catch phrases, and the panel keeps giving them.
Quoting Pandit the Bandit is not going to help......
Pass the buck, hot potato, hot potato....not citi's problem, not mers' problem- "Mers does not decide when to foreclose", 'this is JUST sooo UNFORTUNATE, HOW UNFORTUNATE.'
The mers guy took no responsibility (per mers) and said they had already taken appropriate action. He said, "Mers is a tool." Who is a tool?
Maxine Waters would like to ask a few questions? Wrist slapping time!
The Max bashing is just too funny when we all watched nearly the entire House republicans vote for MERS yesterday.
It's all kabuki... none of these cretins in either major monied party will ever vote against the major campaign contributors. If you vote for either major party, you are part of the problem.
"We do not use Dockex." "We do not use Dockex." "We do not use Dockex." But she didn't ask mers, because they were out of time. I wonder who uses dockex?
The beard just blamed his investors! What a pansie.
these crooks are squirming like worms
Thanks for the link.
Maxine can't possibly be that stupid, can she?
who is is a bigger idiot the guy from Wells Fargo who spoke last or Maxine Waters.....and yet we sit back and let them make the decisions that effect US ALL
Hmmm... where is William Black when you need him?
What next in this week kabuki theatre , Charlie Rangel espousing the virtues of honesty.
Ah! The notes are kept in warehouses, guarded. She forgot to mention they are guarded by zombie vampires. She has it on good authority that these zombie vampires are very courtious.
Oh, and the next guy says it is the owners fault. "Dog ate it." Once again, a catch phrase, a sarcastic choice of words to deal with a most important problem. And not once has it been mentioned by the panel that the zombie vampires perpetuated this broken system.
http://www.youtube.com/watch?v=Bv-N5xj65BA
THATS ALL I HAVE TO SAY ABOUT THIS FUCKING CHARADE
Maxine may need to rush out before the hearing ends. Now that Charlie Rangel has been convicted, she's next up on the docket for an ethics committe trial.
Another empty kitchen. Sad really.
How to find out who owns your mortgage:
http://i.huffpost.com/gen/220306/CHART.jpg
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