“People have an absolute right to be protected in their homes and their homes to be protected,” said Christopher Conley, High Sheriff of Carroll County NH, who held a press conference announcing that he is forming a task force to investigate mortgage fraud.

Mortgage Movies, 4closureFraud, and zerohedge posted Sheriff Christopher Conley’s press conference announcing his new task force and proudly stating, “I am announcing the formation of a task force to investigate mortgage fraud throughout Carroll County – criminal fraud.”

Every city and town in every state across America should be doing the same thing. The Sheriff states, “There are thousands of property owners throughout the county that may be affected…

During the past year, there have been many events, that have come to my attention or I have been involved with, affecting property owners, i.e. properties being foreclosed on that were owned outright, financial institutions that staked claim to a property but did not have a deed, note or mortgage history, persons who owned property and were told they were in arrears on a mortgage they paid.”

“A common thread in each case is there was no accountability by the financial institution, no one to present a reply, no decision maker to speak with,” says Sheriff Conley.  Oh yeah, the Sheriff gets it!  As noted before – it takes a high IQ and an aptitude for uncovering white collar crime in order to understand the complexity of the securitization Ponzi scheme.

If you are a property owner in Carroll County, NH and are experiencing any of the issues covered in Sheriff Conley’s press release, contact the Sheriff at CarrollCountysheriff@carrollcountynh.net, Carroll County Sheriff’s Office, Attn: Deputy Brian King, PO Box 190, Ossipee, NH 03864, (603) 539-2285 x317.
For more see http://www.governmentoversite.com/

The Sheriff’s press release preceded another massive Congressional Report by just a few days – “How Countrywide Used its VIP Loan Program To Influence Washington Policymakers.” On July 5, 2012, the U.S. House of Representatives Committee on Oversight and Government Reform and Darrell Issa, Chairman released its 136 page report.

Findings of the report include:

• A log of all loans processed by Countrywide’s VIP unit showed 17,979 loans between January 1996 and June 2008. Borrowers included Members and employees of Congress, the White House, Fannie Mae, Freddie Mac, federal agencies, and other government entities. (Although there were some duplicate loans the figure may be a little exaggerated; however, the report doesn’t say precisely how many loans were made… but it was apparently more than a bread basket).

The report states:  “Between January 1996 and June 2008, Countrywide’s VIP loan unit made hundreds of loans to current and former Members of Congress, congressional staff, highranking government officials, and executives and employees of Fannie Mae, including
Chairmen James “Jim” Johnson, Franklin Raines, and Daniel Mudd. VIPs who worked at Fannie Mae enjoyed expedited loan processing and pricing discounts. Countrywide also waived company guidelines for Fannie Mae’s senior executives to a greater extent than it did for “regular” VIPs.

Fannie Mae and Countrywide lobbied against government-sponsored enterprise
(GSE) reform legislation that would have diminished Fannie Mae’s ability to acquire and
hold subprime mortgages originated by Countrywide. Countrywide also lobbied against
predatory lending bills. Documents obtained by the Committee show that several Members of Congress and congressional staff positioned to affect the legislation received
VIP loans. In fact, Countrywide lobbyists – and CEO Angelo Mozilo himself – referred
several Members and staff from the Senate Committee on Banking and the House
Committee on Financial Services to the VIP unit. Those are the committees of primary
jurisdiction for consideration of legislation related to the mortgage industry and the GSEs.

Click here for a Bloomberg video news story of the Congressional Report.

Countrywide’s VIP unit processed loans for key Senators and Senate staff who could be helpful when legislation that affected the company was drafted or up for a vote. Countrywide gave VIP loans to former Senate Banking Committee Chairman Christopher Dodd; Senate Budget Committee Chairman Kent Conrad; and Mary Jane Collipriest, Communications Director for former Senator Robert Bennett, who served on the Banking Committee. Dodd referred Collipriest to the VIP unit.

Countrywide also forged relationships with Members and staff of the U.S. House of Representatives. The VIP unit processed loans for Congressmen Howard “Buck” McKeon; Pete Sessions; Edolphus Towns; and Elton Gallegly.

Several of these politicians left office citing such clever exit lines as their “districts had changed,” however, it appears it was just getting too hot in Washington …and that’s not referring to the weather.

In the last few days we’ve had major game changing events. A local sheriff stopping foreclosures and investigating the banks, a Congressional Report defining the Countrywide bribery scandal, and a Drug Cartel that Laundered Money Through BofA – again. Drug money has a way of sprawling. And apparently “some of it may have reached Bank of America” – [again], writes the Huffington Post.

“A federal probe into Los Zetas, a Mexican drug cartel, claims that the group has been laundering money through accounts at BofA, according to a recent report in The Wall Street Journal.

An FBI affidavit filed in Texas last month says that the Mexican drug cartel has been reportedly funneling cash through a Texas-based racehorse business with BofA accounts. The U.S. government has described Los Zetas in the past as “the most technologically advanced, sophisticated and dangerous cartel operating in Mexico.” Tremor Enterprises LLC, the horse business, was for its part allegedly run by Jose Trevino Morales, a U.S. citizen with two brothers in Los Zetas.

In the past, Mexican drug syndicates have allegedly used BofA accounts to buy planes to transport cocaine, according to Bloomberg. Between 2004 and 2007, the bank was also the alleged destination for almost $10 million in illicit funds from an influential political family in Equatorial Guinea.

BofA has admitted such errors in the past. In 2006, officials acknowledged they’d failed to catch South American clients laundering $3 billion through one of its Manhattan branches, according to The New York Times.”  [Read more of this story…]

And all that’s after a June 2010 Bloomberg news story of a subsidiary of Wells Fargo Bank, Wachovia moved more than $ 378 BILLION dollars over three years funding Mexican Drug Cartels and anrcotics trafficking 22 tons of COCAINE into the United States. Bank of America was also implicated in that as well.

Courtesy Bloomberg.com & ZenoEffect.

Bloomberg reports: “They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else.

The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.:Wachovia Corp. and Bank of America Corp., Bloomberg Markets magazine reports in its August 2010 issue.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers — including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.”

As the Huffington Post noted, “[J]ust to be clear, BofA hasn’t been accused of any wrongdoing, and according to sources cited by the WSJ, the bank is cooperating with the FBI investigation.”

But does anybody wonder why our kids are exposed to the worse drug culture imaginable?

Or why drug related crimes have dramatically increased and local police feel like they need swat teams to control?

Not too difficult to connect the dots… Apparently all you have to do is ask your local banker.

“Still,” Huffington continues, “if Los Zetas has indeed been shifting a million dollars a month through accounts held at BofA, as the federal probe claims, it suggests the bank might still have some kinks to work out in its defenses against money laundering.”  Yeah, ya think?!  Ahhhh, let’s let this one get to a jury trial…