July 12, 2014

President Barak Obama

The White House
1600 Pennsylvania ve! "W
Washin#ton, $% 20&00
$ear President Obama,
'The President (s )istenin#!*
This +omment sho,ed u- in my email this mornin#! 'The President is
listenin#!*
When ( .rst read your book ba+k in 200/, The Audacity of Hope, ( thou#ht you
,ere a man ,ho ,ould hear the -eo-le, all the -eo-le, not 0ust the sele+t
1e,!
When ( .rst ,rote your o2+e in 2010, ( thou#ht you mi#ht be una,are o1 the
de-ths o1 the 1raud -er-etuated u-on the meri+an -eo-le due to the
-redatory mort#a#e lendin#, in s-ite o1 all the la,suits and settlements
outlinin# their bad behavior! But you ,ere not listenin# to the -eo-le as they
-ointed out the 1raud and -redatory lendin#, you heard the Wall3treet lenders
as they blamed us 1or their -li#ht!
(n ans,er to our .rst letter, your o2+e re1erred us to the $OJ, ,ho did
nothin# to hel-! We have been re1erred to one de-artment a1ter another, and
then ba+k around a#ain! t the same time our #overnment has settled
la,suits 1or billions o1 dollars as bribes a#ainst the massive 1raud!
We ,ere not behind in our mort#a#e ,hen ,e started our sear+h 1or hel-, but
i1 you are truly listenin#, 4r! President, you must understand that by no,, our
1amily and millions o1 others have been led do,n this -ath in s-ite o1 our
numerous +ries 1or hel-! ll the ,hile more settlements are a+hieved to -our
more money into the #overnment +o5ers, but very little i1 any hel- 1or the
homeo,ners! W6 are su--osed to be the #overnment, yet ,e have be+ome
lambs 1or the slau#hter!
(nstead o1 ho-e, ,e 1eel ho-elessness as ,e see the 1raud +ontinues and our
1amilies and our +hildren su5er under it7s strain!
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,
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v<b<144=22;!html
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htt-899think-ro#ress!or#9e+onomy9201290491>946=2&19+hildren:
1ore+losure:+risi9
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H4P, H?P, and HOP6 ,ere a lie desi#ned to delay the 1ore+losure -ro+ess!
6@-erts 1rom all over the +ountry have ,ei#hed in as to the dama#e this
+risis ,ould +ause and is indeed still +ausin#! Who +ould 1or#et Tim
Aeithner7s '1oam on the run,ay* remarkB
;
We are tired o1 hearin# about 'irres-onsible* homebuyers, ,hen the lenders
are allo,ed to be irres-onsible ,ith no re-er+ussion! They are allo,ed to lie
to us about modi.+ation and use it as a tool to lead us into de1ault! They are
allo,ed to sell and resell our loan ,ithout re+ordin# them and they are not
held to the letter o1 the la, and yet the la, is 't,eaked* to hold us
res-onsible to the 1raud! The investors have to -ay 1or the settlements,
,hi+h a#ain a5e+ts the homeo,ners by the ,ay o1 our retirement 1unds!
(n 2012 ,e had the "ational 4ort#a#e 3ettlement, many o1 us thou#ht ,e
,ould #et hel- then! Cet on+e a#ain, the -a-er,ork ,as lost, do+uments
,ere lost and D,e did not Euali1y to modi1y our loans 1or a lo,er -ayment7 so
,e must -ay the unsustainable -ayment or risk losin# our homes! (t had
already been -roven that they had de1rauded the +ourts, and still the
homebuyers are le1t to +arry the entire burden! Cou ,eren7t listenin# as you
talked about the Dres-onsible7 homebuyer, but never mentioned the
irres-onsibility o1 Wall3treet! But ,e ,rote, ,e ho-ed you ,ould listen!
We have al,ays admired your arti+ulate intelli#en+e, but ,e ,onder, is it
really that your hands are tiedB re you really listenin#B Ho, many
homebuyers have been invited to the table durin# these ne#otiationsB
(n Pennsylvania there lives a ,ido, ,oman ,hose husband, a veteran, died
in 1>>/! Cet a loan +om-any has 1ore+losed on her home, ,hi+h ,as -aid o5,
based on a loan they +laim her husband took out in 200&! Cou ,ould think
that ,ould be a sim-le .@, ,ouldn7t youB Cet she is homeless to this day!
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3he ,rote to the %FPB 1or hel-! The only a+tion they took ,as to ask the
lender i1 they had done anythin# ,ron#, and the lender, o1 +ourse, denied it!
Had they looked at the eviden+e, they ,ould have seen a di5erent story!
(n 4ontana, there lives a ,oman ,ho ,as #iven an utterly 1raudulent loan! (n
1a+t, it ,as -roven in +ourt that the Title +om-any involved +han#ed her
do+uments a1ter she si#ned! 3he ,on her la,suit and the 0ury a,arded her
one million dollars in dama#es and & million dollars in -unitive dama#es, yet
the individual ,ho +han#ed her do+uments a++used her o1 im-ersonatin# an
FB( a#ent and +onseEuently, she is no, un0ustly servin# a term in 1ederal
-rison 1or 12 months! ++used by the one ,ho %H"A6$ H6?
$O%G46"TT(O"! 3he 1ormerly served as a White House -hoto#ra-her 1or 4
or & -residen+ies, hardly a hardened +riminal! The FB(7s o,n ,ebsite states
that they do not -rose+ute 1or im-ersonation unless there is monetary the1t
involved! There ,as no monetary the1t involved on the -art o1 this inno+ent
;
htt-899dailybail!+om9home9baro1sky:#eithner:admitted:to:us:-rivately:
that:obamas:housi!html
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htt-899rt!+om9sho,s9bi#:-i+ture9did:baksters:strike:a#ain:
=/&9+omments9 Hmore in1ormation available u-on reEuestI
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homeo,ner, she did not im-ersonate the FB(! Cet, ,ouldn7t you kno, that
,hile she is in -rison the lender in Euestion has .led an a--ealB
&
ll over the +ountry our youn# -eo-le are seein# a double standard bein#
a--lied! One standard 1or the middle:+lass, one standard 1or the -oor and
stru##lin#, and a 1ree rei#n o1 terror by the +or-orate #iants ,ho are allo,ed
to ,ink at the la,s that the -eo-le are held to ,ith an iron .st!
re you truly listenin#B
(n %ali1ornia, a 1ormer -ro1essional athlete is losin# her home due to identity
the1t! 3he had not taken out the loan on her -ro-erty, she +an -rove this, but
the +ourts +ontinue to i#nore the obvious by "OT:allo,in# +ertain eviden+e to
be -resented be1ore the +ourts!
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While hard:,orkin# meri+ans are stru##lin# to make ends meet you s-eak
o1 needin# ;!& billion to hel- the millions that are over:Jo,in# into our
borders! Where ,ill this money +ome 1romB Will you +ontinue to allo,
Wall3treet to steal 1rom the -eo-le in order to +over the massive e@-enses
that ,e are a++umulatin# as a nationB Ho, do you e@-e+t this to endB
?6 COG )(3T6"("A, 4?! P?63($6"TB
(n our o,n -ersonal +ase, ,e had issues ,ith %ounty,ide Hlater B o1 I! We
+ould #et no hel-, so ,e hired a la,yer in 200= and ,e ,ere 1or+ed to settle
in -art in 201;! We also ,on in -art, a#ainst %ountry,ide7s +orres-ondent
,hom they ki+ked to the +urb! (t ,as too lon# and arduous a battle 1or a
small 1amily ,ith limited 1unds a#ainst these bi# money lenders!
Cet in s-ite o1 our minor vi+tory ,ith %ountry,ide, ,e 1ound that Penny4a+
,as +laimin# o,nershi- o1 our loan! %ountry,ide on+e named the ,orst
+om-any in meri+a
=
, ,as allo,ed to reo-en under the #uise o1 Penny4a+!
/

ndK,e the -eo-leKare not su--osed to be o5ended by thisB
re you still listenin#B Or have you tossed my letter in the round .le yetB
$urin# the time %ountry,ide +reated it7s ,orst .nan+ial mess, 3tan1ord
Lurland admits that he ,as at the helm8
From the O+tober 1, 200/ de-osition o1 3tan1ord Lurland8
16 Q Let's focus on the 2004 to late 2006 time period. 17 Can you just describe for
&
htt-899-i##ybankblo#!+om9201490692/9mary:m++ulley:vs:u:s:bank:o1:
montana9
6
(1 you are truly listenin# ( +an #et -ermission to -rovide you ,ith
details!
=
htt-899+onsumerist!+om9200/90=92/9+ountry,ide:home:loans:,ins:
+onsumerists:,orst:+om-any:in:ameri+a:+ontest9
/
htt-8991ortune!+om920129109029+ountry,ide:its:baaa+k9
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me enerally !hat your job duties 1" !ere as president and C## of Country!ide
durin that time 1$ period%
20 & Operations of the company, like segments of the 21 operations reported up
to me. I provided guidance and SEC_E!_!CIC_""#1$%
22 direction to the managers and to my su&ordinates. I 2$ directed, you kno', a
lot of the strategy in the 2( organi)ation, structure and development, and I
represented 2# the company to outsiders as 'ell.
24 1 Q 'id Loan (roduction report up to you as president 2 and chief operatin
officer%
) & *es.
4 Q 'id Credit *is+ report up to you as president and , chief operatin officer%
6 & *es.
7 Q 'id the -inance 'epartment report up to you%
" & *es.
(n the February 2014 36% ?e-ort 1or Penny4a+ Hother 'lenders* have
in+luded this dis+laimer as ,ellI, they in+luded the 1ollo,in# dis+laimer8
We may be subject to liability for potential violations of predatory lending laws, which
could adversely impact our results of operations, financial condition and business.

(n addition8
New state laws are also addressing "robo-signing"
concerns by creating new requirements to validate the
evidence of the right to foreclose and the accuracy of the
foreclosure documents. We believe that additional states
will adopt similar requirements. (Page 1!"
Fore+losures are not do,n, 4r! President, and ,hy should they be, ,hen the
Wall3treet lenders have been #iven a 1ree rei#nB
>
Have you +onsidered ho,
many homes need to be 1ore+losed u-on to -ay a nine:million dollar a year
salaryB What about 20 nine:million dollar salariesB ;0B That does not even
be#in to take into a++ount the investors ,ho are su--ortin# the massive
settlements ,hile e@-e+tin# their shares to be -aid!
The meri+an -eo-le +annot sustain this! The nations o1 the ,orld +annot
sustain this! re you truly listenin#, 4r! PresidentB
3in+erely,
>
htt-899,,,!market,at+h!+om9story9&:states:,ith:the:most:and:least:
1ore+losures:2014:0=:0/
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