The Huffington Post has revealed that a set of confidential
federal audits accuse the nation’s five largest mortgage companies of
defrauding taxpayers in their handling of foreclosures on homes
purchased with government-backed loans. The audits conclude the banks
cheated the government by overvaluing their losses on foreclosed homes
and submitting faulty and defective documents to get federal
reimbursement. According to the audit, the banks—Bank of America,
JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial—violated the
False Claims Act, which protects the government from fraudulent billing.
The findings have been referred to the U.S. Department of Justice.

By John Earl
Surf City Voice

Huntington Beach Planning Commissioner Fred Speaker is no doubt one of the leading candidates from the pack of 20 locals running for one of four open City Council seats on the November 2 ballot.

Speaker—in his own words—is a “fiscally responsible” and “pay as you go” candidate who as an experienced small businessman knows “how to balance a budget” and who promises that he “won’t treat taxpayer dollars any less carefully.”

He recently received the endorsements of the City’s two most powerful unions, the HB Police Officers Association and the HB Firefighters Association.

Speaker is also expected to get the full endorsement of the Orange County GOP in a vote to take place Monday, according to publisher Chip Hanlon writing on his blog, Red County.

Red County is the voice of Orange County’s Republican partisans who hope to get “real” Republicans in office and do their part to take back control of America—by following the tenets of “revolution” proclaimed by Party leader Scott Baugh.

The union and OCGOP endorsements combined with the PAC money and campaign donations that they will generate will make Speaker a “virtual shoe-in” on election day, says Hanlon.

But Hanlon and other Red County revolutionaries are wondering what Speaker has done to deserve an endorsement and why more credible Republicans like council candidates Billy O’Connell and Barbara Delgleize have been rejected by the OCGOP.

Hanlon explains that those two leading candidates were denied their endorsements because Delgleize supports gay marriage and abortion rights for women and O’Connell gave campaign money to a few Democrats in the past.

One of the underlying problems with the Speaker endorsement, however, is that it would violate one of Baugh’s most important revolutionary decrees: the Party shall oppose union backed candidates. Read the full story