Who leaned on JPM? I’m surprised they gave up at all.

I mentioned JPMorgan Chase earlier today, in conjunction with Bernie Madoff’s reasoning that the banks “had to know” about his Ponzi scheme.

Maybe JPM is worried wiki leaks has their number and emails about them taking military family homes? I did not see the Dems or GOP mentioning any of this during the election and if either side would have mentioned it this issue would have swayed voters we could have kept the house or the GOP could have won the Senate on this issue.

A Congressional hearing last week detailed how JPM illegally foreclosed on service members while they served on active duty overseas, in violation of the Servicemembers Civil Relief Act. They also charged mortgage interest rates above the cap for active-duty military personnel.

JPM laughs at Congressional Investigations just ask the tobacco CEO’s about swearing under oath. Or GM’s accountants back when they swore they did not need a Nissan merger or the German Government to buy Opel from them.
Nope they just got a bailout and screwed their stockholders and pension fund the bank stockholders however were protected.

I’d bet that when the year end bonuses were being discussed, the POS that originally came of with the idea of ripping off their customers in the military, I’d imagine that person got a hefty bonus for their profitable yet disgusting idea.

There wasn’t any plan to screw members of the military — it was a plan to screw everybody. That necessarily includes members of the military.

Very simple. Got bad press, so must change the public’s opinion of them. Soldiers=warriors=heroes. You can’t mess with heroes. Americans are more loyal to their military might, than any nation on the globe. Everbody else they screwed and are about to? You’re on your own. “But just look at what we did for those brave soldiers fightin’ fer yer freedums”

Check.

Military are not large enough to make a material diff to JPMChase profits.

Are these 1,000 homes that are to be given freely homes where they foreclosed on families after using dirty mortgage scams?

Probably.

Why is it OK to abuse the vast majority of borrowers in the United States, but not military families?

Because, as Naomi Wolf has pointed out, during a fascist shift it’s customary to exalt the military over civilians.

The question I have is simple: Why is it OK to abuse the vast majority of borrowers in the United States, but not military families? Why draw the line there? The answer is equally simple: it’s good politics, and they don’t want Congress breathing down their necks.

Constituencies actually ARE going beyond lobbyists. Between this and carving out current SocSec recipients, and maybe those over 55 too, the PTB are carving out constituencies to maintain illusions.

I say, screw that. Whatever you’re going to do, do to everybody. Either screw the military like everyone else or screw nobody (PREFERRED!)

From what I can tell JP Morgan still has a lawsuit on its hands and the Supreme Court has yet to make some key rulings:

U.S. Marine Capt. Jonathon Rowles was tired and frustrated after more than a year of fending off phone calls from mortgage-collection agents.

Then, while preparing for intense training with live ordnance in late 2009, the 29-year-old Beaufort resident and fighter-jet pilot began receiving repeated collection calls between 4 and 6 a.m. The calls were a clear violation of a federal law designed to protect active-duty military personnel, he said.

After deciding he could not afford to be woken up so early with other Marines’ lives in his hands, he began recording every phone number from representatives of Chase Home Finance so he could send those calls directly to voicemail.

That, in part, was how Rowles began to build a case against the nation’s second-largest bank, prompting its officials this week to admit mistakes to him and thousands of other military members. Because of Rowles’ efforts, Chase officials told NBC News they improperly foreclosed on the homes of 14 military families and might have overcharged 4,000 more.

{ snip }

Bill Nettles, U.S. Attorney for South Carolina, said his district “takes violations of this stature very seriously.” He told Dow Jones Newswires he could neither confirm nor deny whether his office is investigating the matter.

Sen. Jack Reed, D-R.I., said he has asked U.S. Attorney General Eric Holder to examine the issue, Dow Jones reported.

The head of the new federal Consumer Financial Protection Bureau, Elizabeth Warren, said the bank’s errors emphasize why the bureau is needed, according to the Dow Jones report.

Rowles’ lawsuit seeks unspecified actual and punitive damages.

Harvey said he’s not yet sure how many people might be involved or how much money might be at stake, but he said Chase’s $2 million gesture isn’t enough.

(excerpt from “Beaufort Marine’s lawsuit prompts Chase to refund $2M in mortgage overcharges,” The Island Packet, Jan. 21, 2011)

No spin department could possibly make up THIS pig.

The are STILL despicable, loathesome slimebawls!

OT– If you thought Kansas state representative Connie O’Brien’s macaca moment yesterday was detestable enough …

Today 12:03 PM Missouri Lawmaker Seeks To ‘Modify’ Child Labor Laws

In a move that is raising plenty of eyebrows, Missouri state Senator Jane Cunningham has proposed a bill that would “modify” child labor laws, eliminating the prohibition on employment of children under 14. The proposal has sparked an outcry in the state but Cunningham defends the bill, saying that it’s important to cultivate a work ethic in young people and emphasizing that kids are still prohibited from working in dangerous professions.

{ snip }

Cunningham says that children are still protected by law from working in “dangerous jobs, like coal mines, with animals, with blades or involving dangerous stunts.” She says that her bill simply loosens an overly broad prohibition on child labor and would allow kids to work at movie theaters, to babysit or to cut lawns, blaming the hysteria on union “misinformation” and politics.

(excerpt from “Lawmaker Seeks To ‘Modify’ Child Labor Laws,” Feb. 16, 2011)

OMFG! These people truly want to turn the clock waaaaaaay back.

Nobody has yet called out JPMorgan Chase for the fact that in every foreclosure judgment against a military member on active duty JPMorgan Chase had to have filed a sworn affidavit stating that the defendant was not on active duty in the military service. Thus JP Morgan Chase was not only wrong to pursue these cases, it had to have lied to the courts to do so. No one has called them out on these lies. These lies are similar to those that appear in the affidavits that JP Morgan chase and other servicers are filing all over the country.

Uh, that’s a really big deal and if the person(s) able to make that case have the irrefutable goods (evidence), this might be a really good time make it known.

This cartoon has a lot of relevance: Subprime Mortgage Processing (visual aids part II)

It think is a very unacceptable, creepy concept.

While I agree with your point about the fascist shift, the Servicemembers’ Civil Relief Act actually goes back to 1940 or thereabouts (I’m trying to Google it, but my connection today is terrible). It was originally intended to help the poor suckers who were getting drafted even before we officially entered World War II. They were paying buck privates in those days $21 dollars a month, and if a guy had any kind of civilian debt or obligations his life would have been destroyed. The economic conditions don’t exist any more, but the artificial veneration for “our heroes” goes on.