Banks Fail Basic Business Ethics

wn15-27Banks Fail Basic Business Ethics

Freddie Mac Unaware Of Homeowner Complaints, Inspector General Concludes

For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a financial stake in keeping them in their home was paying attention. On Thursday, with the release of a new report from a federal watchdog, they got their answer: No.

The report, by the inspector general of the Federal Housing Finance Agency, says banks and other companies that manage more than 10 million home loans for Freddie Mac “largely failed” to alert the mortgage giant to the most serious category of homeowner complaints, despite a requirement they do so. These “escalated complaints” often include the most serious allegations of misconduct, including improper fees, misapplied mortgage payments and a frustrating cycle of lost paperwork and unreturned calls. In some instances, the mismanagement has led to a wrongful foreclosure.

“The results are shocking on a number of different levels,” said Steve Linick, the FHFA inspector general, in an interview with The Huffington Post. “It is surprising that servicers were not reporting in such large numbers, that Freddie was not on top of this, and that [the FHFA] did not catch it in its exam.”

Four of the largest bank servicers — Bank of America, Wells Fargo, Citigroup and Provident — reported no escalated cases to Freddie Mac, despite handling more than 20,000 over a 14-month period, according to the report. Freddie Mac examiners did not notice that the mortgage companies were failing to disclose the complaints, nor did the FHFA, which relied on “incomplete” Fannie Mae examinations, the report concludes. The FHFA oversees the bailed out lenders Freddie Mac and Fannie Mae.

Freddie Mac Unaware Of Homeowner Complaints, Inspector General Concludes

 

Enhanced by Zemanta

Police Work is not a Business

husbandmPolice Work is not a Business

Officers Say NYPD Sets Quotas For Stop-And-Frisks And Arrests | ThinkProgress

New York police officers testified this week that their office set quotas for both the number of police stops and arrests. Officers Adhyl Polanco and Pedro Serrano are two of the more than 100 witnesses to testify during a trial in a class action challenge to the New York Police Department’s rampant use of “stop and frisks,” a practice with constitutional implications in which an officer stops someone suspected of a crime, and may subsequently frisk that individual if they have justification for doing so.

The Department has conducted more than 5 million stops since Mayor Bloomberg took office in 2002, more than 85 percent of which targeted blacks or Latinos and only 12 percent of which resulted in criminal charges. Both Serrano and Polanco testified that supervisors required at least 20 summonses and one arrest each month, and that they were pressured to stop individuals — regardless of the grounds for doing so —  under threat of punishment. Polanco also said police later added a stop-and-frisk quota of five per month. During the trial, Polanco played an exchange he recorded in 2009. The New York Daily News reports:

In the tapes, one of Polanco’s supervisors is heard demanding that cops make their “20 and 1” quota and lambasting those who came up short.

“If you want to be a zero, I’ll treat you like a zero,” patrol Sgt. Marvin Bennett fumed on tape.

Polanco also recorded his patrol commander, Lt. Andrew Valenzano, telling officers to meet their quotas by ticketing bicyclists.

“If you see people over there on bikes, carrying the bags, you know, good stops,” Valenzano says on tape. “That’s what we need.”

Officer Angel Herran, a union delegate, was taped telling officers the quota was agreed to “in this last contract.”

“They’re telling you to ‘go make money,’ ” Herran is heard saying.

Officers Say NYPD Sets Quotas For Stop-And-Frisks And Arrests | ThinkProgress

 

Enhanced by Zemanta

Best Use of Police Time?

img15_thBest Use of Police Time?

NYPD Spent 1 Million Hours Over Last Decade On Marijuana Arrests, Analysis Finds | ThinkProgress

New York Police Department officers have spent 1 million hours making 440,000 marijuana arrests between 2002 and 2012, according to a new report from the Drug Policy Alliance. DPA put together the data in response to a request from New York City and New York State, as they consider measures to decriminalize marijuana. Each of these arrests can cost $1,000 to $2,000, according to a 2011 DPA estimate, costing New York City $75 million in just a single year (2010). The report explains:

In our ongoing research about marijuana possession arrests in New York, we have found that a basic misdemeanor arrest for marijuana possession in New York City varied from a minimum of two or three hours for one officer, to four or five hours or even longer for multiple officers. […]

NYPD Spent 1 Million Hours Over Last Decade On Marijuana Arrests, Analysis Finds | ThinkProgress

 

Enhanced by Zemanta

Time for a Legal Revolution

063Time for a Legal Revolution

Public defender system struggles under huge caseloads | McClatchy

Anyone who’s ever been arrested or watched a television cop show knows the fundamental right Gideon helped win for every American:

“If you cannot afford to hire a lawyer, one will be appointed to represent you.”

But this month, the 50th anniversary of that landmark Supreme Court ruling, here in Gideon’s home state and elsewhere around the country, the criminal justice system continues to struggle to live up to the promise demanded by the Supreme Court in 1963.

“The truth is we clearly haven’t,” said Abe Krash, a Washington, D.C., lawyer who helped represent Gideon in his Supreme Court case. “In public defender offices, there are many extremely conscientious attorneys, but they are tremendously underfunded and overburdened.”

A 2011 report by the Justice Policy Institute found that most of the country’s public defender offices and systems lacked enough attorneys to meet nationally established caseload guidelines. Also, the report found that most defender offices did not have sufficient support staff, such as investigators and paralegals.

“When defenders do not have access to sufficient resources, they may be unable to interview key witnesses, collect or test physical evidence, or generally prepare and provide quality defense for their client, resulting in poorer outcomes for the client,” according to the institute’s report.

Public defender system struggles under huge caseloads | McClatchy

 

Enhanced by Zemanta

BP Rewrites its History

 

Changing memory
Changing memory

BP Rewrites its History

BP edited its own environmental record on Wikipedia – Salon.com

Wikipedia editors have accused BP of editing its own page entry to whitewash its environmental impact in the public record. As CNET reported Thursday, “angry Wikipedia editors estimate that BP has rewritten 44 percent of the page about itself, especially about its environmental performance.”

BP edited its own environmental record on Wikipedia – Salon.com

 

Enhanced by Zemanta

The United States and The Imprisonment Rate by William Denton

(Originally put up on May 24, 2012 – now reissued!)

It is my privilege to present my colleague, William Denton. Some days ago he showed me this article and I was very impressed. He has very kindly offered to share it with my readers. It is my pleasure to present the work of our guest columnist, William Denton.

James Pilant

The United States and The imprisonment Rate

By:  William Denton

America is known throughout the world as a place of freedom, where anyone has the chance to do and become whatever their heart desires also referred to as “The American Dream.”  America is considered home to approximately 5 percent of the world’s population, although America is known for its many attributes and liberties it holds 23 percent of the world’s prison population making the United States the highest prison populated country in the world, (“Wikipedia, 2012).  Our prison rate along with our continuous dilemma of overcrowding prisons can be attributed to our enacted draconian laws that make any chance of success to reduce our prison rate and subsequently alleviating our over-crowded prisons impossible.  In a 2009 statistical study 754 per 100,000 American Citizens are incarcerated.  In the previous year, “a report released in February 2008, indicates that more than 1 in 100 adults in the United States are in prison,” (“Wikipedia, 2012).

Each U.S. state is responsible for the United States ranking 1st in the world for its high incarceration rate.  However, when examined individually each state incarceration rate can vary from 854 per 100,000 to 151 per 100,000 citizens, (“Wikipedia,” 2012).  The infamous three strike laws and the mandatory minimum sentencing have caused the explosive increase in the incarceration rate nationwide, leaving each to implement methods if any, to alleviate the growing issue of their overcrowded prisons.  Some will argue that a state with a higher incarceration rate compared to a state with a lower incarceration rate is due to the state that has the highest and lowest crime rate.  Although that can be an arguable point it still doesn’t explain why for example Louisiana incarceration rate is 854 per 100,000 citizens and other states have incarceration rates anywhere from 151-300 per 100,000 citizens, (“Wikipedia,” 2012).  Another aspect that is irrelevant into claiming why one state has a higher incarceration rate than another is because of the state’s population which is going to subsequently have a higher crime rate.  We know that Louisiana has the highest incarceration rate, but ranks 25th for population, while New York ranks 3rd for highest population and is ranked 37th for incarceration rate at 307 per 100,000 citizens, (“Wikipedia,” 2012).  The population of a state and crime can be determining factors of a states incarceration rate, however, other factors that have remarkable results in having low incarceration rates are the states who have sufficient “parole and probation programs; diversion programs, increasing good-time programs for people incarcerated, and sentencing reforms for non-violent offenders,” (Morris, 2009).  Without any implementations to reduce the incarceration rate states will continue to have these unnecessary draconian numbers.

The United States compared to Russia who holds 2nd place for incarceration rates, followed by South Africa ranked 3rd and Europe who ranked 4th is still substantially higher than the runners up.  Russia who has a 611 per 100,000 people incarceration rate compared to the United States is a 134 per 100,000 differences.  That difference alone is substantially higher than that of many other nations worldwide.  The state of Louisiana who again has an 854 per 100,000 incarceration rate is higher than our nation’s current imprisonment rate and every other nation worldwide, (“Wikipedia, 2012).  Although there are multifarious reasons along with speculations of why America has the highest incarceration rate, two factors are true today.  Reason one being that American citizens are “being locked up from writing bad checks to using drugs that would rarely produce prison sentences in other countries,” (Liptak, 2008).  The second reason being the American Citizen is “kept incarcerated far longer than prisoners of other nations,” (Liptak, 2008).

In my opinion only, I think American Law has gotten to the point of everything being political correct and that anyone who commits a crime has to be punished no matter what the crime is.  These draconian drugs laws are really the culprits that are responsible for the major increase in our prison population and overcrowding.  The majority of inmates incarcerated today are for non-violent drug offenses that initially when these laws were enacted during the “War on Drugs” campaign where to mainly target the producers and distributors of the drug trade not the additive customers that are being sentenced today.  As a result of these laws still in effect, although the violent crime rate is decreasing in the country, prison population is still increasing.  I think that is how we stand above all other nations in the incarceration rate because of our drug laws, mandatory minimum sentencing, and three-strike laws.  As I mentioned above, writing bad checks to drug offenses are rarely imprisonment punishments in other countries, and our country has longer prison sentences that contribute overcrowded prisons.  We are punishing for offenses that probably could be resolved through other forms of punishment that does not have to do with imprisonment just like other countries.

I am completely against our statics involving our imprisonment rate and the number of incarcerated inmates we currently have.  There are a couple states that have a higher imprisonment rate than actual countries throughout the world.  These statics need to be pounded into someone’s head and take a hint of what reformalities we need to reduce these harsh rates.  These enacted three-strike rules and mandatory minimum sentences, and all other harshly related drug laws need to change.  They are ruining lives, in lieu of helping people and destroying families for what?  Nothing.  Drugs are an addictive substance that people need help to reform, so putting these non-violent offenders in overcrowded prisons is not going to rectify the problem, but going to make it worse.  I feel like we are wasting our money for no positive gains when it comes to incarcerating offenders for drug offenses and other minor crimes that can be solved in another form of punishment.  Are American laws are in desperate need for reform.

 

REFERENCES

 

Liptak, A.  (2008). U.S. prison population dwarfs that of other nations.  Retrieved March 18, 2012, from

 

http://www.nytimes.com/2008/04/23/world/americas/23iht23prison.12253738.html?_r=2&pagewanted=all

Morris, T.  (2009). Louisianan’s Incarceration rate is No. 1 in nation.  Retrieve March 17, 2012, from

 

http://www.nola.com/news/index.ssf/2009/03/louisianas_incarceration_rate.html

 

Wikipedia.  (2012). Incarceration rates worldwide.  Retrieved March 16, 2012, From

 

http://en.wikipedia.org/wiki/File:Incarceration_rates_worldwide.gif

 

Wikipedia. (2012). List of U.S. States and Territories by population.  Retrieved March 14, 2012, from

 

http://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_population

 

Wikipedia. (2012). List of U.S. States by incarceration rate.  Retrieved March 14, 2012, from

 

http://en.wikipedia.org/wiki/List_of_U.S._states_by_incarceration_rate

Enhanced by Zemanta

Corn Syrup Kills

023Corn Syrup Kills

Big Soda: We’re not mass killers – Salon.com

Harvard researchers have found that over-consumption of sodas and sugary drinks may be linked to 180,000 worldwide deaths a year. The report, released Tuesday, also notes the studied beverages contribute to about 25,000 American deaths a year, placing the country third overall.

The report, unveiled during an American Heart Association meeting, links sugar-sweetened beverages to “133,000 diabetes deaths, 44,000 deaths from cardiovascular diseases and 6,000 cancer deaths” a year. The study’s co-author, Gitanjali Singh, also recommended regulations to curb the intake of sugary drinks, specifying that “taxing sugary drinks in the same way as cigarettes, or limiting advertising or access, may help reduce usage.”

Big Soda: We’re not mass killers – Salon.com

 

Enhanced by Zemanta

Prison Population is Falling

 

Fear and Dread?
Fear and Dread?

Prison Population is Falling

The Washington Monthly – Ten Miles Square – Why The Prison Population is Falling

The number of people incarcerated went up every single year from the mid 1970s until 2009. Over that more than 30 year period, there have been economic booms and contractions, changes in the relative strength of the major political parties, alterations in the demographic makeup of the US general population, the waxing and waning of drug epidemics, and countless other changes in American life. What that should tell us is that any simple explanation for why America has the prison policy it does at any given time is wrong or at least incomplete.

Pew notes that over the past 5 years, incarceration fell in 29 states (ruling out another simple explanation: that this is all due to the court order to reduce overcrowding in California prisons). …

The Washington Monthly – Ten Miles Square – Why The Prison Population is Falling

 

Enhanced by Zemanta

MIT to Release Swartz Files

 

Aaron Swartz
Aaron Swartz

MIT to Release Swartz Files

MIT agrees to release redacted Aaron Swartz files – Salon.com

The president of the Massachusetts Institute of Technology announced on Tuesday that the school will voluntarily release public documents related to the prosecution of the free-information activist Aaron Swartz, who killed himself in January as he faced trial on hacking charges.

The email announcement by MIT president L Rafael Reif came in response to a request on Friday by lawyers for Swartz’s estate to have the US district court in Boston make the documents public. The university has come under fire for what critics say is its compliance with federal prosecutors in the legal case against Swartz. Supporters of Swartz have painted him as a zealous advocate of public online access, a martyred hero hounded to his death by the government he antagonized.

MIT agrees to release redacted Aaron Swartz files – Salon.com

 

Enhanced by Zemanta

Change the Legal System?

109Change the Legal System?

Commentary: Right to counsel? It’s stacked against the poor | McClatchy

It turns out there is a gulf between the 1963 promise and the 2013 reality. It turns out one lawyer can be expected to try 400, 500, 600 cases a year. It turns out public defenders are so underfunded and overwhelmed it is not uncommon for a defendant to meet his attorney for the first time in court. It turns out the situation is so dire that in at least one jurisdiction a judge pressed tax attorneys and property lawyers into service in criminal court. It turns out poor people’s justice is to justice as monkey business is to business.

Ask Clarence Jones, who spent over a year in prison just waiting for an attorney — and was still there as the book went to press — on a charge of burglary.

Ask Carol Dee Huneke, a novice lawyer with no experience in criminal law who was hired as a public defender on a Thursday and assigned a case that began Monday. She had never even seen a trial before.

And ask Greg Bright, who spent 27 years in prison on a murder charge he might have easily beaten, writes Houppert, had his court-appointed attorney done even minimal investigation on his behalf. As a later attorney discovered, the single witness the state’s case hinged upon was a mentally-ill heroin addict with a history of hallucinations who physically could not have seen what she claimed she did.

Twenty-seven years. “Make me wanna holler,” indeed.

What is reflected here is not simply incompetence but disdain, contempt for the rights, lives and humanity of the less fortunate. And perhaps your instinct is to look away, secure in the naïve delusion that no one gets arrested unless they’ve “done something.” Truth is, it happens every day.

Commentary: Right to counsel? It’s stacked against the poor | McClatchy

 

Enhanced by Zemanta