on-line complaint filed recently with the FDIC as to issues with JPMorgan Chase Bank, N.A., Washington Mutual Bank, F.A. and Washington Mutual Bank "the failed bank." It comes just as Sheila C. Bair, Chairman of the FDIC appeared on Sixty Minutes to address the "mortgage meltdown." Here goes this tale that has probably been the same as that of thousands of customers of these aforementioned banksters:
‘Banksters’ is a term seen increasingly in the Blogosphere. It is used to describe the top executives at the “Too Big To Fail” banks and financial institutions. By alliteration, it suggests that these people are gangster-like. -- And indeed they are!
However, the dead-bank WASHIINGTON MUTUAL BANK, F.A. continued to make loans in that name after April 4, 2005, and in fact listed itself as Lender/Beneficiary in a Deed of Trust in author's name filed in the Alameda County Recorder's Office in Oakland, California in October 2007, 2 1/2 years after WASHINGTON MUTUAL BANK, F.A. ceased to exist. JPMorgan Chase Bank, NA (the alleged successor bank to WASHINGTON MUTUAL BANK) is now foreclosing on homeowners across America citing the beneficiary as one WASHINGTON MUTUAL BANK, FA.
According to California Civil Code Section 1558: an entity MUST EXIST (be alive) in order to enter into a contract. I wanted to know what position the FDIC had on this issue so I filed the complaint to find out.
Today Gary Uchino, Manager of Customer Service for the FDIC in Irvine, California, telephoned me from 949-208-6331 to discuss my complaint. He stated that he was calling regarding my complaint but that the Office of the Comptroller of the Currency was the regulatory entity for complaints against JPMorgan Chase Bank, N.A. He asked if my loan was in foreclosure and made a statement that I should have paid my loan. Any other words -- blame the borrower and throw the borrower under the bus and NEVER do anything about the high crimes, fraud, and misdemeanors being perpetrated by the banksters.
I reminded him that FDIC Chairman Sheila C. Bair was on Sixty Minutes and that she admitted that the banks had made mistakes. She never used any words such as criminal behavior. She stated merely that the banks needed to get ahead of the situation -- nothing about criminal prosecutions.
I referred Mr. Uchino back to the issues of Washington Mutual Bank, F.A. and its legal status after 4/4/2005. He kept coming back to "well if you'd paid . . . " I reminded him that the big banks have committed egregious acts against borrowers, i.e. robosigning, falsifying documents, just for starters.
Mr. Uchino provided me with NO INFORMATION.
The result of my complaint is this:
- Mr. Uchino will log into the file that I filed a complaint.
- No further action will be taken.
- Log will show a record of the call.
- The log is available to those with access to FDIC records.
- In order words my complaint is just so much garbage to the FDIC -- never mind that I am a taxpayer.
SHAME ON YOU!