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Spire Law Group Announces Massive Violations of National Bank Settlement
Legal Watchdog Sees Large Waive of Lawsuits and Governmental Intervention On The Immediate Horizon
The so-called "national bank settlement" was entered into on April 4, 2012 between the major banks (Bank of America, Wells Fargo Bank, J.P. Morgan Chase, Ally Bank and others), on the one hand, and the United States of America and most of the 50-States thereof, on the other hand, calling for homeowners nationwide to receive, among other things:
a. Billions of Dollars of reductions in principle and interest on their home loans;
b. Billions of Dollars of payments for wrongful foreclosure by the settling banks;
c. Assurances that their bank would assign a single point of contact with which to interact, and thus secure for homeowners all benefits to which they are entitled to under the Settlement;
d. Assistance on short sale attempts by homeowners so that a bank cannot derail an otherwise good faith short sale effort by homeowners; and
e. Salutary protection for homeowners that "Third Parties" (law firms or foreclosure agents) not be permitted into the bank servicing process without daily monitoring by banks and their affiliates.
If followed, the so-called “national bank settlement” was calculated by governmental agencies to mark the beginning of the end of the 2008 bank crises which ultimately led to the artificial housing crises. According to Mr. Fiedler, "what Spire was the first to discover, and the first to disclose, was international money laundering being at the root of every bank action taken toward a United States citizen. These facts were then confirmed in a 300-plus page Senate report. All of the foregoing bank problems would finally end if the so-called "national bank settlement" were complied with. Unfortunately, most of the larger banks like Bank of America, Wells Fargo Bank and J.P. Morgan have ignored their obligations and conducted business as usual through their attorneys and other agents."
In one case emblematic of the fraud and deceit of these banks, the Firm reports that representatives of Wells Fargo Bank have been caught on a tape-recording stating there is no "national bank settlement" and it has no "single point of contact."
Mr. Fiedler has outlined the arsenal used by the Firm in protecting its clients as including qui tam actions, more specifically tailored “one-on-one”
Spire recommends that each homeowner read the bank settlement and directly talk to his or her bank requesting compliance therewith. Copies of the bank settlements are available for easy viewing on the Firm's website, "www.spirelawgroupllp.com."
"In the end, the corruption and ‘drug cartel-like bank misconduct’ will ultimately yield to robust national police enforcement of the ‘bank settlement.’
About the National Bank Settlement
The so-called “national bank settlement” was entered into after Spire Law Group, Inc.’s founding partner -- Mitchell J. Stein -- formerly a lawyer for the FDIC during the 1990 Savings and Loan Scandal, filed (on behalf of homeowners) the first “post-meltdown”
About Spire Law Group, LLP
Spire Law Group, LLP is a national law firm whose motto is "the public should be protected -- at all costs -- from corruption in whatever form it presents itself." The Firm, registered in Delaware and elsewhere nationally and internationally, is comprised of lawyers with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the public at large. The Firm is always at the front lines litigating against corrupt government officials, banks, defunct loan pools, foreign money laundering agents of the foregoing, and other enemies of the State and its citizenry. The foregoing description, or this entire press release, may constitute attorney-advertisement and represents only the opinions of Spire Law Group, LLP and merely constitutes achieving the Firm’s intention of disclosing general information it deems important or helpful to the public. The foregoing does not constitute legal advice or the creation of an attorney client relationship. No person may have an attorney client relationship with Spire Law Group, LLP absent a fully signed, authentic, retention agreement countersigned twice by James N. Fiedler as the Managing Partner of Spire.
Contact: James N. Fiedler, 877-438-8766 http://spire-