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In this day and age of corrupt Gov, being a member of a protected class is advantageous. Twins were targeted as a source of funding by both sides of the aisle at shareholders expense, plain and simple.
Spot on. If there's one redeeming characteristic that defines DNC today, it's theft. Maxine Waters, Nancy Pelosi, Obama's, Clinton's are about as crooked as they come. Alabama voters warned us all of this when Clinton was governor there. Not that REPS are that much better. They allowed DNC to get away with it. And George Bush, a RINO, falsely imprisoned the GSE's, the grandest theft of them all.
Yet another unelected mafia bankster bureaucrat assuming an elite role in housing finance. Add her name to the ever growing list. Treasury now a for profit agency. Gary Gensler now Director of SEC. Note his name at the bottom of the venn diagram below. We've come full circle. Investing has turned into a vehicle for transfer of wealth to the banks. But that's OK, all in the name of Affordable Housing they say! Revolving door spinning faster than ever. Will we ever learn?
HERA is NULL and VOID as it was crafted by mafia banksters, not Congress. It is INVALID legislation. Stop treating it as law. It is not.
https://archive.nytimes.com/dealbook.nytimes.com/2013/05/23/banks-lobbyists-help-in-drafting-financial-bills/
But Kevin McCarthy is going to read The Constitution on The House floor in an attempt to earn more bennies from the TBTF banks who are in full control. Even Biden's speeches are totally scripted by them. As if that is going to accomplish anything other than further pacify a fast asleep populace.
More Treasury Obstruction blocking release of critical documents to Congress.
Biden family has 150+ ‘suspicious activity reports’ but Treasury ‘obstructing’ release says House GOP
President Joe Biden pauses as he delivers remarks on Protecting Access to Reproductive Health Services in the Roosevelt Room of the White House on July 8, 2022, in Washington, D.C.
(Yuri Gripas/Abaca Press/TNS)
NOVEMBER 22, 2022 RYAN MORGAN
The recently announced House Republican investigation into President Joe Biden and his family’s business dealings will focus, in part, on at least 150 banking suspicious activity reports (SARs) allegedly related to the Biden family and their business dealings. The new investigative effort comes after the Treasury Department, under Biden’s control, has refused to produce the records after previous Republican requests.
In a Thursday report, Republican lawmakers described several evidence and whistleblower testimony suggesting President Biden had knowledge of his family’s foreign business activities. The report also said “Committee Republicans are aware of the existence of additional evidence implicating the Biden family business ventures in suspicious activities but have been obstructed in our attempts to obtain that information.”
“The Department of Treasury is in possession of at least 150 Suspicious Activity Reports (SARs) related to Biden family members’ financial transactions,” the Republican report states. “Despite numerous formal requests by Committee Republicans to review those SARs, and despite
decades of precedent of Treasury making SARs available pursuant to congressional requests, the Biden Administration changed longstanding policy and now refuses to produce Biden family SARs or to make them available for Committee Republican investigators’ in camera review.”
These SARs are records produced by banking and financial institutions file with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) whenever there is a suspected case of money laundering or fraud.
A FinCEN guide to SARs describes several suspicious behaviors for which SARs may be used, including:
*a lack of evidence of legitimate business activity, or any business operations at all, undertaken by many of the parties to the transaction(s); unusual financial nexuses and transactions occurring among certain business types (e.g., food importer dealing with an auto parts exporter);
*transactions that are not commensurate with the stated business type and/or that are unusual and unexpected in comparison with the volumes of similar businesses operating in the same locale;
*unusually large numbers and/or volumes of wire transfers and/or repetitive wire transfer patterns;
*unusually complex series of transactions indicative of layering activity involving multiple accounts, banks, parties, jurisdictions;
*suspected shell entities;
*bulk cash and monetary instrument transactions;
*unusual mixed deposits of money orders, third party checks, payroll checks, etc., into a business account;
*transactions being conducted in bursts of activities within a short period of time, especially in previously dormant accounts;
*transactions and/or volumes of aggregate activity inconsistent with the expected purpose of the account and expected levels and types of account activity conveyed to the financial institution by the accountholder at the time of the account opening;
*beneficiaries maintaining accounts at foreign banks that have been subjects of previous SAR filings;
*parties and businesses that do not meet the standards of routinely initiated due diligence and anti-money laundering oversight programs (e.g., unregistered/unlicensed businesses);
*transactions seemingly designed to, or attempting to avoid reporting and recordkeeping requirements; and
*correspondent accounts being utilized as “pass-through” points by foreign jurisdictions with subsequent outgoing funds to another foreign jurisdiction.
According to the Republicans, there are at least 150 SARs associated with Joe Biden’s brother, James Biden, and the president’s son, Hunter Biden.
The Republican report states that Republicans on the House Oversight and Reform Committee began seeking these 150 SARs in May of this year, reaching out to both the Treasury Department and various financial institutions the Biden family members may have used.
The report said many of the banks would only provide the requested SARs under a subpoena, which is a power the Republicans have not had as the minority party in the House in recent years.
The report said the Treasury Department — which is an executive branch department under President Biden’s authority — has also withheld the SARs thus far.
While the Biden Administration’s Treasury Department publicly claims it is cooperating with Committee Republicans’ investigation, this is not true. According to Treasury, SARS are made available to Members of Congress “regardless of party.” Treasury has publicly stated it has made SARS “available for every request [they’ve] received,” but this is not true as not a single request by Republicans working on this investigation has been accommodated.
Just as concerning, the Biden Administration changed longstanding Treasury policy of providing SARS to congressional committees. Under the Biden Administration’s policy, no committee is able to obtain SARS for review. Instead if the Department of Treasury chooses to cooperate congressional staff must review these complex financial documents in camera at Treasury.
Republicans have not received an adequate explanation for this change in policy and question whether Treasury changed the rules to hamper congressional scrutiny of certain individuals, entities, or organizations, including the President and his family.
The GOP report further warned that “if the President or his agent used the federal government to obfuscate his role in his family’s ventures, he is abusing the power of the Office of the President.”
That Republicans raised the prospect that the President Biden may be “abusing” his power is significant. Democrats accused then-President Donald Trump of an “abuse of power” during their 2019 impeachment effort.
The SARs could be relevant to the Republican congressional investigation as well as any other law enforcement investigations into the Biden family.
In December of 2020, Hunter Biden released a statement acknowledging he is under investigation over his taxes. In October, unnamed sources familiar with the investigation told the Washington Post that investigators have enough evidence to charge the younger Biden.
The Republican report states that James Biden also told investors in a healthcare business known as Americore Health, that the company would be able to get millions in investments from the Middle East, Russia and China. The Republicans stated the Americore Health business collapsed “partly because of the fraudulent claims James Biden made.” According to a witness for the Republican report, James Biden would tell Americore Health investors over the phone that Joe Biden was in the room with him and was aware of the business deal.
Earlier this year, the Wall Street Journal reported James Biden agreed to pay $350,000 to settle a lawsuit over his alleged role in Americore’s bankruptcy.
The Biden White House has criticized the renewed Republican investigation efforts.
“Instead of working with President Biden to address issues important to the American people, like lower costs, congressional Republicans’ top priority is to go after President Biden with politically-motivated attacks chock full of long-debunked conspiracy theories,” Ian Sams, a spokesperson for the White House Counsel’s Office told Newsweek on Thursday.
You can say a lot of things about Trump, but he is definitely spot on with this letter.
Excellent.
Could be something as simple as, "We are not a banana republic".
Very well stated. Bravo! Excellent!
Distinctly remember Paulson/Bush Admin announcement ordering GSE's to buy up all under-performing mortgage bonds in order to restore calmness to the housing markets. Was like Sept/Oct 2008 timeframe. VW short squeeze was happening about the same time. Just because TH claims no record of it in the books doesn't mean it didn't happen. Many ways to skin a cat without it appearing in the books.
If the jury trial showed us anything, it showed us FHFA is a rogue Gov agency force funded by the GSE's. Let the facts and evidence that came out in the trial be your guide, not political winds which will lead you astray. Consider:
1.) DeMarco, a unelected bureaucrat who himself as acting Director never approved by The Senate, stated no one else was consulted in his decision to nationalize the GSE's.
2.) There were never any plans in place for exit from CONservatorship.
3.) Profit sweep was set up in perpetuity with no end in sight.
4.) Accounting books were cooked to support the Gov created, false "death spiral" narrative.
5.) Proven GAAP accounting standards that were in place for decades were suddenly abandoned in favor of radical extremist "Mark-To-Market" 'accounting' to give the illusion of insolvency which was later debunked by former CFO McFarland in her testimony.
6.) Parrott internal Treasury emails were blocked from being admitted as key evidence which showed clear intent in denying any future GSE profits.
7.) FHFA was not acting as an independent agency, but rather a front for carrying out the will and actions of Treasury who was answering to The Federal Reserve who is owned by 24 member banks which is a major CONFLICT OF INTEREST. FHFA has always deferred to Treasury for any decisions that needed to be made.
8.) GSE's were ordered to buy up all the crap subprime, alt-A, no-doc mortgages the TBTF banks pushed on unsuspecting borrowers and were holding, to clear up their insolvent books.
FHFA can never be part of an acceptable shareholder solution to exiting CONservatorship going forward. Not if we ever expect any justice here. FHFA was built on a foundation of deception, fraud and corruption and must be disbanded along with the legislation barring judicial review that created it.
FHFA was created for the purpose of hijacking the GSE's which is totally un-Constitutional. Any conscience minded justice can clearly see this without much difficulty. It's not rocket science. They all are badly in need of ethics training and a Constitutional whipping. It's thoroughly disgusting the way they are allowing this country to descend into ruins.
Mike Capuano & Richard Epstein would be excellent witnesses for us.
That is by definition, THEFT.
It was a PREMEDITATED act, carefully planned, methodically executed. Of course it would rile the markets if the truth got out. Gov continued course down this path since will eventually rile the markets anyway unless this is put to a stop.
Gov is in violation of The 5th Amendment US Constitution which is quite clear on the subject. Hijackings are specifically prohibited without just compensation and even then not permitted under false pretenses, which this was. Accountability is severely lacking. It is TREASON and nothing less and needs to be tried as a criminal case in a court of military tribunal. Why are our attorney's not acting on this???
No accountability in the courts or anywhere. ARREST THE CRIMINALS! We won't see justice here or anywhere until there's a return to accountability as MAGA is failing miserably. Accountability is dead. In fact, it's swung negative. Down the rabbit hole we go. The worst is yet to come.
Obama's
...has removed all deterrence. They mean to reduce the world's population from 7 billion down to 0.5 billion. Don't believe it? Just check out WEF Klaus Schwab.
More accounting trickery. It's FHFA's main function and SCOTUS has blessed it.
Agreed
I like it. Do over. Right the wrongs.
Wasn't sure about that. Thanks for clarifying. Guess I'm one of the super ignorant.
Could be.
Exactly! They can be sharply different.
Deeply divided most likely because key evidence was kept from the jury (ie., Treasury emails showing intent, etc.) and they were denied requested transcripts and depositions for review.
This is a problem. We have half the jury wanting to rule based on emotions/feelings rather than fact, the half that was selected by Gov attorney's. They are completely unobjective in their analysis. Feelings change with the wind, facts don't. It is a major problem in this country.
The fact that a Judge can disallow key damming evidence like that is nothing short of case tampering. MISTRIAL.
Thanks for bringing that up. They changed decades of GAAP to ram conservatorship through. These are all facts that need to be brought up in trial to paint a more complete picture of what actually transpired. Again, Gov meddling with definitions to control the narrative. That's like changing the rules for a touchdown during the Superbowl to enable one team victory over another.
Lame excuse. The fact that the Treasury email is legit and clearly shows intent, makes it far more than heresay. It's direct evidence and should be included as such. The Judge, like so many before him, is bending over backwards for Gov looking for any hangnail he can find to weaken P's case. Evidence is evidence.
American's would recognize Gov defeat in a theft case involving 100's of BILLIONS that's sure to get media attention. Amplify that by the size of the damage award, if any.
Exactly, it's about right vs wrong, not DEM vs REP.
Most of the GSE’s losses were from sub-prime and Alt/A loans..
Suspect the jury was about to make a decision, but wanted to be crystal clear on the definitions used and wanted it fully documented to minimize appeals, possibly per Judge's instructions.
PPS has been heavily moderated by the powers that be for quite some time now.
This is beginning to sound promising. Ladies are getting down to the nitty gritty. No beating around the bush like past courts have done. Sounds like the 4 jurors in favor of P's are attempting to convince 4 jurors in favor of D's that DeMarco's NWS decision was arbitrary and unreasonable. I'm impressed. Also, definitions supplied by Lamberth appear to be untainted.
These days, Gov lawyers are in the business of redefining terms. Forget Merriam-Webster's, it's been replaced with DOJ. It's how they maintain control. It needs to be fought head on. No more bowing down to it.