With a Representative from CountryWide, and UBS Discussing, concerns, what is it exactly the OTS hopes to gain?
They will be discussing Predatory Lending, which we know , and the OTS knows it exists, to current date regulations have still not been made to Stop these activities. So what is the point of their Meeting?
They've known of it's existence for years and STILL have not made regulations, that either STOP the PRED. LEND. or hold the Pred Lenders accountable, whence they have committed a fraudulent loan.
Sorry folks the only "NON FORUM" attendees allowed are the following:
"The event will be open to members of the news media."
For further information, please contact Claude Rollin at (202) 906-6634. http://www.ots.treas.gov/docs/7/777055.html
An absolute waste of tax payer's funds.
If they want to SOLVE the issues, then they need to have an OPEN forum with Public Attendance allowed, otherwise loans and servicing of will continue to hold Americans and all their buying power hostage.
This was taken from their web page:
The Office of Thrift Supervision, an office of the Department of the Treasury, regulates and supervises the nation's thrift industry. OTS's mission is to ensure the safety and soundness of, and compliance with consumer protection laws (Well, OTS look at America you're not doing your damn job are you? Where is the "soundness" of allowing the Predatory loans to continue? Where is the soundness of allowing the Companies to still run a business illicitly without repercussions? Where is the compliance you the OTS speaks of? WHERE ARE THE WRITTEN RULES, THAT SAY WE WILL WITH-OUT A DOUBT PROSECUTE YOUR COMPANY FOR MISBEHAVIOR AGAINST THE CONSUMER?............OTS, YOU MAKE THOSE RULES AND ENFORCE THEM, THEN AMERICA WOULD SHINE LIKE IT NEVER HAS BEFORE!)
by, thrift institutions, and to support their role as home mortgage lenders (YES OTS, it's obvious YOU SUPPORT THEM, AND NOT THE AMERICAN PEOPLE.)
and providers of other community credit and financial services. OTS also oversees the activities and operations of thrift holding companies that own or control thrift institutions. (if it is OTS responsibility to oversee Activities, then why are they allowing these companies to continue the paths they have brought AGAINST America? America is faltered because the Mortgage Companies are allowed to defraud America and it's citizens, and the OTS "CONDONES" THEIR BEHAVIORS BY DOING NOTHING ABOUT THEM; & THEIR (OTS') NEGLIGENCE TO HOLD THEM ACCOUNTABLE FOR THEIR ACTIONS.)
Copies of OTS news releases and other documents are available at the OTS web page at http://www.ots.treas.gov.
Now give us a real FORUM that might actually accomplish something OTS!
Hold a PUBLIC Forum with borrowers, HUD, and the news-press allowed!!!!!