Posted on 03/03/2011 5:53:22 AM PST by Chunga85
Lawmakers argued Feb. 9 that some of the suicides among American troops in recent years were related to financial woes, including failure to meet mortgage payments.
And as far as Rep. Bob Filner, D-Calif., is concerned, those deaths are the fault of banks that put profits ahead of troop welfare.
"I would call it homicide," said Filner, the House Veterans Affairs Committee's ranking member, during a hearing into why JP Morgan-Chase overcharged servicemembers' on their mortgages and foreclosed on some troops' homes. The bank now admits that it mistakenly charged too much interest on thousands of mortgages of activated troops who had qualified for a 6 percent rate under the Servicemembers Civil Relief Act.
Filner said if he knew of a suicide directly linked to a servicemember going through a foreclosure he "would like to file a charge of wrongful death."
(Excerpt) Read more at military.com ...
Pray for our troops ping.
I am sure we will soon be educated as to how this is not anyone’s fault other than the ‘Dead Beat’ soldiers involved.
For a while now, I have been searching for the US suicide rate up to 2010 as I believe this is a good indicator of how bad things have become. The data doesn’t seem to be available past 2006-2008.
Granddad was a WW2 vet with experiences at D-Day and the Battle of the Bulge. Dad was a Nam vet and career man who was right in the middle of Tet.
Both said military suicides have ALWAYS been common after the battle and in the years after. Most bounce back but a few never will.
Prayers for the military.....
Filner is not “Congress” and in typical left wing socialist style he manages to shift individual responsibility to the evils of society in general and corporate greed in particular.
His accusations of “homicide” and “wrongful death” are reckless and irresponsible.
for later
Well that didn’t take long.
Socialists are reckless period
Our soldiers are fighting for a way of life that doesn’t exist anymore.
Upon returning from active duty I’m sure our soldiers will be pleased to learn they’ve been foreclosed by corrupt banks. Might as well spit on them when they hit the ground.
Where the heck do they come up with these headlines that say “Congress Blames” when it just one liberal kook?
Your derogatory attitude toward banks fit my template nicely so I decided to reply to you.
There has been some meaningful discussion recently about restructuring the banking industry to promote small local banks and require them to hold onto their loans. The adage “too big to fail” should be replaced with “too big to be in business.”
The calloused policies of big banks is legend. BA is the most notorious. They are destroying our economy especially with their joined at the hip marriage to the Marxists in government. We would thrive, not just survive, if every national bank were closed and broken up into regional, at max, busiesses.
Splitter.
“mistakenly charged too much interest on thousands of mortgages of activated troops”
Amazing how they never “mistakenly” charge too little interest on thousands of mortgages, hmm?
Dunno if it’s “homicide”, but sounds like a clear violation of the Soldiers and Sailors Relief Act. Maybe the penalties for that need to be cranked up a tad.
Your derogatory attitude toward banks fit my template nicely so I decided to reply to you.
“There has been some meaningful discussion recently about restructuring the banking industry to promote small local banks and require them to hold onto their loans. The adage “too big to fail” should be replaced with “too big to be in business.”
The calloused policies of big banks is legend. BA is the most notorious. They are destroying our economy especially with their joined at the hip marriage to the Marxists in government. We would thrive, not just survive, if every national bank were closed and broken up into regional, at max, busiesses.”
Excellent and well said! esp. about B of A
It is certainly is ‘Amazing’.
Let's not lose sight of the very real possibilty that many of these innovative financial products include the following:
Mail Fraud (state and federal)
Wire Fraud
Multiple FDCPA violations
Multiple state debt collections
Unfair and deceptive acts and and practices under state law
Conspiracy
Money Laundering
Fraud upon the court and/or bankruptcy fraud
Uttering fraudulent documents
Fraudulent conveyance
Slander of title
Financial institution fraud
Securities violations
Identity theft
It appears that (snicker) one or more banks (the servicers and/or trustees) do not have the proper controls in place to keep them from committing one or more of the above acts. If a national bank does not have the proper controls in place it is acting against public policy and against it's charter. It is my belief that such a national bank would be operating ultra vires or without capacity. Any of these issues (violations of law or lack of internal controls) would be SOX violations.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.