General Discussion

Half-Century Man

(5,279 posts)

56. Asset Forfeiture of Wells Fargo

Fri Mar 14, 2014, 07:43 PM

Mar 2014

It is illegal to make a profit off of crime, it costs you your assets (at least in drug cases). Apply it here; seize the complete assets of Wells Fargo. Render their stock worthless. Encourage stock holders to sue the officers of Wells Fargo (or ex-officers, actually) and the banking industry in general. Do not sell, but use the seized assets to start up the banking system for the United States Post Office.

Sentence crimes according to a 1 year for every $100,000.00 in value sentencing guideline. In addition to the sentence for the crime itself. As in Bank Robbery of $57,000.00 = sentenced for bank robbery: Bank Robbery of $400,001.00 = sentenced for Bank Robbery and 4 extra years for value involved.

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Wells Fargo caught with "how to defraud homeowners" manual. [View all] dixiegrrrrl Mar 2014 OP

This is the acid test of Obama Justice department Kelvin Mace Mar 2014 #1

And simply taking a cut of the profits doesn't count. OnyxCollie Mar 2014 #2

Take all the profits, and more. Then jail a few executives. Scuba Mar 2014 #5

I agree about the ... 1StrongBlackMan Mar 2014 #22

"Yeah, a buffer. The family had a lot of buffers." - Willi Cicci , Corleone Family "button man" Hassin Bin Sober Mar 2014 #29

ABout the 443rd time I have said this - there are documented cases of where truedelphi Mar 2014 #69

Two degrees? Scuba Mar 2014 #77

LOL. For those in the know, it's truedelphi Mar 2014 #92

I tend NOT to follow Sixty Minutes; but ... 1StrongBlackMan Mar 2014 #78

I have to check my HD for the sourcing - which is a Rolling Stone's article. truedelphi Mar 2014 #88

Matt Taibbi's RS article and the link - truedelphi Mar 2014 #89

Taibbi has left RS...he can be found here: dixiegrrrrl Mar 2014 #94

Very good to know that. truedelphi Mar 2014 #96

Agree, they guys know how to play the game. It's all a calculated risk for them, jail RKP5637 Mar 2014 #28

Actually ... 1StrongBlackMan Mar 2014 #44

Yes, actually, that would certainly be a better solution for those with insatiable greed! n/t RKP5637 Mar 2014 #47

Having worked with criminals ... 1StrongBlackMan Mar 2014 #49

So, if we made them give up their money dixiegrrrrl Mar 2014 #61

Seems to me, RICO laws where made for this situation tavalon Mar 2014 #66

RICO laws do apply, and had one truedelphi Mar 2014 #93

Actually no. Enthusiast Mar 2014 #72

okay. 1StrongBlackMan Mar 2014 #79

Asset Forfeiture of Wells Fargo Half-Century Man Mar 2014 #56

Unfortunately, you KNOW what's going to happen mindwalker_i Mar 2014 #3

I'll take "Null and Void" for $200 please Alec. LibertyLover Mar 2014 #23

Nope. That is correct. closeupready Mar 2014 #63

Remember when monopolies were illegal? dotymed Mar 2014 #80

We won't even have the full employment that East Germany had. truedelphi Mar 2014 #97

Now hold on just a damned minute!!! bvar22 Mar 2014 #57

After allowing the previous administration's war criminals amnesty, fraud is small potatoes. Enthusiast Mar 2014 #71

Another look at the issue: dixiegrrrrl Mar 2014 #4

As your article mentions:Hedge Fund "Blackstone" is into this. Buying up houses all over country KoKo Mar 2014 #9

See the update to the OP dixiegrrrrl Mar 2014 #13

I saw a Berkshire-Hathawasy Real Estate sign in my neighborhood ... aggiesal Mar 2014 #18

Kick.... daleanime Mar 2014 #6

AND...Did you See This...Both Posted today: KoKo Mar 2014 #7

Thank you!!!!! dixiegrrrrl Mar 2014 #8

Congress wants to close down Fannie & Freddie...I wonder if it's because of the KoKo Mar 2014 #16

DU member Ms. Smiler is suing for fraud, to save her house. dixiegrrrrl Mar 2014 #39

I saw that post...seemed like helpful information the poster had....Good Stuff.. KoKo Mar 2014 #43

Wait, what? Moosepoop Mar 2014 #33

clipping here: dixiegrrrrl Mar 2014 #40

Thanks for the info!! Moosepoop Mar 2014 #59

a handy tip: dixiegrrrrl Mar 2014 #60

Rotten...criminal...morally corrupt...and on and on. SoapBox Mar 2014 #10

Recommend jsr Mar 2014 #11

Throw away the fucking key malaise Mar 2014 #12

This used to be my bank. deafskeptic Mar 2014 #14

Oh, do I ever hate those motherfuckers. Fuddnik Mar 2014 #15

them buying your insurance is illegal. dixiegrrrrl Mar 2014 #21

I tried to join a class action suit two years ago, and for some reason was turned down. Fuddnik Mar 2014 #75

If you have a twitter account, feel free to join in on piling on truedelphi Mar 2014 #70

NOW can we prosecute??? cui bono Mar 2014 #17

We always COULD... FiveGoodMen Mar 2014 #51

HUGE K & R !!! - THANK YOU !!! WillyT Mar 2014 #19

I owned a house that was foreclosed on by Wells Fargo about 2012ish Victor_c3 Mar 2014 #20

You can compare your original loan papers. dixiegrrrrl Mar 2014 #24

Thanks for that Victor_c3 Mar 2014 #26

Did they foreclose for a valid reason? dixiegrrrrl Mar 2014 #32

dixiegrrrrl, I greatly value your contribution to DU, you are well informed and ms.smiler Mar 2014 #54

Point taken. dixiegrrrrl Mar 2014 #65

dixiegrrrrl, goodness, do I have a long way to go to catch up to the number of points made by you. ms.smiler Mar 2014 #85

awwwwwwww........thank you for your kind words. dixiegrrrrl Mar 2014 #95

dixiegrrrrl, I'm sure you'll remember this Salon report. ms.smiler Mar 2014 #99

Victor_c3, was it a MERS mortgage? ms.smiler Mar 2014 #30

I'm going to have to look up some information before I can answer any of these questions Victor_c3 Mar 2014 #74

Wells Fargo has a Manual and Fannie Mae has a Servicing Guide ms.smiler Mar 2014 #25

Sadly, here in my county, MERS is still foreclosing dixiegrrrrl Mar 2014 #34

the Fannie Mae gide pdf link is now blank. dixiegrrrrl Mar 2014 #36

It's archived at archive.org bananas Mar 2014 #46

Yeehaw! dixiegrrrrl Mar 2014 #48

And let me make a one word prediction as to what will happen to them... Javaman Mar 2014 #27

Well, they have been fined a lot of money, in many instances dixiegrrrrl Mar 2014 #37

fine smine. they are allowed back in the gulf to drill again. Javaman Mar 2014 #76

Anybody that has had to Madmiddle Mar 2014 #31

Wells Fargo -- Sick Bastards bondwooley Mar 2014 #35

he needs a lawyer so he can sue for damages. dixiegrrrrl Mar 2014 #38

I'd love to see Countrywide's manual on how to sell liar loans! ErikJ Mar 2014 #41

What is interesting is the Countrywide is still being sued. dixiegrrrrl Mar 2014 #42

BofA bought them. LeftyMom Mar 2014 #52

And the banksters keep rolling on. Rex Mar 2014 #45

Finally, proof. idendoit Mar 2014 #50

Don't care AnalystInParadise Mar 2014 #53

AnalystInParadise, rather than a strategic default, may I suggest a strategic Quiet Title? ms.smiler Mar 2014 #55

This is straight out of a John Grisham novel DFW Mar 2014 #58

The worst part is, no one's surprised! n/t Yo_Mama Mar 2014 #62

+1 redqueen Mar 2014 #86

No the worst part is, nothing is going to change from this revelation. Rex Mar 2014 #87

Even guns with the barrel still smoking ain't enough to wake some people up. DeSwiss Mar 2014 #64

Last year, when we had the liberal push to go to Credit Unions, tavalon Mar 2014 #67

How is this any different from MERS? Crash2Parties Mar 2014 #68

Crash2Parties, I�m delighted to welcome such a well informed person to DU. ms.smiler Mar 2014 #73

This appears to be their craptastic way of covering up the MERS mess. reformist2 Mar 2014 #91

Why those dirty motherfuckers! JNelson6563 Mar 2014 #81

Shhhh, listen.... hear that sound? That's the sound of Eric Holder's... pragmatic_dem Mar 2014 #82

And, justice Dept. is too busy spying on the meta-habits of American people to care... pragmatic_dem Mar 2014 #84

Jail doesn't work for bankers. Torches and Pitchforks. sarcasmo Mar 2014 #83

Paperwork? Paperwork is only for the little people!! reformist2 Mar 2014 #90

How are they not a ''Continuing Criminal Enterprise''? Octafish Mar 2014 #98

Why are these people not in jail? Why? No really, why? AllyCat Mar 2014 #100

Because the Gov't is a wholly owned subsidiary of the banks,apparently. dixiegrrrrl Mar 2014 #101