Mnuchin is a highly paid gopher. He has made his money not by his business acumen but by his willingness to do anything for money. That included putting himself on the front line of one piece of the greatest economic crime in human history.

Nominating him for Treasury Secretary is a direct slap in the face of tens of millions of Americans who suffered grievous losses as a proximate result of illegal activities by the Wall Street banks. He will only do what his bank clients tell him to do. He will only say what they want him to say.

From http://yubanet.com/california/memo-shows-evidence-of-illegal-foreclosure-practices-at-onewest-bank-while-steven-mnuchin-was-ceo/

https://theintercept.com/2017/01/03/treasury-nominee-steve-mnuchins-bank-accused-of-widespread-misconduct-in-leaked-memo/ …

By David Dayen

ONEWEST BANK, WHICH Donald Trump’s nominee for treasury secretary, Steven Mnuchin, ran from 2009 to 2015, repeatedly broke California’s foreclosure laws during that period, according to a previously undisclosed 2013 memo from top prosecutors in the state attorney general’s office.

The memo obtained by The Intercept alleges that OneWest rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions.

In the memo, the leaders of the state attorney general’s Consumer Law Section said they had “uncovered evidence suggestive of widespread misconduct” in a yearlong investigation. In a detailed 22-page request, they identified over a thousand legal violations in the small subsection of OneWest loans they were able to examine, and they recommended that Attorney General Kamala Harris file a civil enforcement action against the Pasadena-based bank. They even wrote up a sample legal complaint

President-elect Donald Trump believes secure communications should be handwritten and delivered through couriers, he said Saturday while celebrating the new year at his Florida mansion.

The tweeting Luddite — who rarely sends emails — fears no computer is immune to hack attacks and suggested rolling back modern communications to a middleman service dating back to ancient Rome.

“If you have something really important, write it out and have it delivered by courier, the old fashioned way because I’ll tell you what, no computer is safe,” Trump told pool reporters when asked about the role of cyber security in his upcoming administration.

“You want something to really go without detection, write it out and have it sent by courier,” he added before entering the Mar-a-Lago resort party alongside his wife, Melania Trump.

Read on.

New York to Wells Fargo: fuhgeddaboudit!

New York City is the latest state or city to consider cutting business ties with the embattled San Francisco banking giant in the wake of a sham-accounts scandal that exploded in September, The Post has learned.

Wells Fargo inked a contract with New York’s Department of Finance earlier this year to process credit-card transactions.

The deal runs from July 1 to June 30, 2021.

Wells Fargo will pocket $1.3 million a year under the deal, according to a copy of the paperwork obtained by The Post.

Read on.

Village Green I, GP v. Fed. Nat’l. Mortgage Ass’n. (In Re Village Green I, GP), 811 F.3d 816 (6th Cir. 2016) –

The debtor sought confirmation of a plan of reorganization where the impaired accepting class consisted of two claims totaling less than $2400 which were to be paid over 60 days. The secured creditor objected that this did not satisfy the Bankruptcy Code confirmation requirements. The bankruptcy court initially confirmed the plan. After bouncing back and forth between the bankruptcy court and the district court, the case was dismissed and the automatic stay lifted. An appeal to the 6^th Circuit followed.

NY Post:

A Long Island couple’s safe deposit box is so secure, even they can’t get into it, they say in a lawsuit.

Brenda and Robert Fox have kept $48,000 in jewel­ry in a box at a Chase Bank in Huntington since 2009.

The Foxes had no trouble with the setup until last year, when Brenda was told there was no record of her owning the box.

Even after a supervisor opened it with Brenda’s key, managers declined to let her have the belongings inside because recently computerized records listed a different owner, the Foxes say in Brooklyn federal court.

U.S. Senate Banking Committee Democrats sent another letter to Wells FargoWFC, +0.07%   on Thursday, asking why their other letters have not yet been answered.

The bank’s management has so far failed to answer all the questions the committee members have put to it, the letter says, following its settlement with multiple regulatory authorities in September for multi-year fraudulent sales practices.

The letter, jointly signed by nine Democrats including Ranking Member Sherrod Brown of Ohio and Elizabeth Warren of Massachusetts, again asked Wells Fargo’s board for a status report on its ongoing investigation of the fraud and a detailed timeline of when the board learned about the illegal practices and actions it took. They also asked why the board didn’t investigate the misconduct sooner.

The senators say Wells Fargo’s management is dodging them, even though its new CEO Tim Sloan told CNBC on October 12 that there were…