Mitt Romney’s Bain Capital Colleagues - Development of Mindbox Rules - Automated Debt Recovery - Mormon Life-Insurer Beneficial's Robo-Signers

From the Abel Danger White House Group to those whom it may concern

February 9, 2012

McConnell links Romney MindBox rules to Mormon MBS fraud

Field McConnell has linked Mitt Romney’s Bain Capital colleagues to the development of MindBox rules for automated debt recovery by Mormon life-insurer Beneficial's robo-signers which (who?) allegedly triggered the mortgage-backed securities frauds of 2008.

Prequel:
Sold Liquidation Rights - Small Business Administration’s 8(a) Program - Wells Fargo - Recovered Debts - MERS/MindBox Software - Matrix 5 Propaganda

“ROMNEY PROFITED FROM MORTGAGE LENDERS FORECLOSING ON THOUSANDS OF FLORIDIANS”

“Real Estate Massacre”


“CNBC LIES- THE FRAUD IS IN REMIC, MERS, MBS, PSA_S AND CDS_S 10-4-2010.mp4”



“THINK PROGRESS | MITT ROMNEY PROFITED FROM MORTGAGE LENDERS FORECLOSING ON THOUSANDS OF FLORIDIANS Posted by 4closureFraud on January 27, 2012 · 8 Comments A ThinkProgress examination of Mitt Romney’s presidential personal financial disclosures from May 2011 reveal that the former Massachusetts governor and his wife own or owned millions of dollars worth of a Goldman Sachs investment fund invested heavily in mortgage-backed obligations. And the current owners of those mortgage debts began foreclosure proceedings against thousands of Floridians. Along with his investments in Bain Capital funds linked to offshore tax havens, the Romneys have large investments in the Goldman Sachs Strategic Income Fund (institutional class). The firm’s March 2011 annual report for the fund notes that about 8 percent of the fund is invested in banks and 24.5 percent is invested in mortgage-backed obligations. Romney’s form says he has invested between $1,000,001 and $5,000,000 in the fund and his wife Ann has invested an additional $1 million-plus. Since the 2008 economic meltdown and the enactment of the Troubled Asset Relief Fund, this fund has done quite well, growing 7.88 percent between April 2010 and March 2011. The mortgage-backed securities in the fund include adjustable rate mortgages from Bear Stearns, Countrywide [developed MindBox with Macdonald Dettwiler and Associates - the Canadian company which developed the Federal Bridge to Instrument and Final Approach Procedure software used in the al-Qaeda war game of 9/11!], IndyMac, and Washington Mutual. A 2009 Center for Public Integrity report identified all four of those companies as among the top-25 subprime lenders in the lead-up to the market’s collapse. Countrywide ranked first in that report and Washington Mutual ranked second. While the remnants of those companies have been purchased by major financial institutions, an array of mortgage loan service companies bought up the individual mortgages.”

“Beneficial Financial Group is an insurance and financial services company based inSalt Lake City, Utah. It is a subsidiary of Deseret Management Corporation, which is in turn owned by The Church of Jesus Christ of Latter-day Saints. The company was founded in the early 20th Century and as of fiscal year end 2005 had assets of $3.1 billion with yearly revenues of $600 million. The Insurance side of the company was known for many years as the Beneficial Life Insurance Company. Beneficial is certified by the Insurance Marketplace Standards Association for ethical business practices. It is a subsidiary of Deseret Management Corporation (DMC), a for-profit management company of assets for The Church of Jesus Christ of Latter-day Saints. Beneficial held an "A+" (stable) rating from Standard & Poor's for financial strength, when S&P downgraded the rating to "A" due to exposure to MBS [allegedly a consequence of Romney MindBox rules of robo-signer fraud], and warned of further possible devaluations unless Deseret Management replenished some of Beneficial's capital as it deteriorates "from its currently strong level.” On June 16, 2009, it was announced that Beneficial would stop writing new policies at the end of August. Deseret Management reiterated its commitment to back existing policies, but said that Beneficial's relatively small size rendered it unable to compete with larger insurers”

“In 1998, the US Patent and Trademark Court issued what is a called The State Street Bank Decision [courtesy of sexual extortionists hired through patent lawyer Hillary Clinton]. That decision allowed business processes to be patented. Up until then, such things were not possible. What changed was that essentially, the plaintiff’s attorney argued to the court that due to the push through the 90’s for informational systems automation (think Electronic Medical Records, The Depository Trust Corporation) the software which ran that automatically crunched information was a patentable item. The court agreed. One of the industries which saw benefit of this decision was the Real Estate and Mortgage Banking Industry. All throughout the 90’s, in a push spear headed by FANNIE & FREDDIE and a visionary man named Bill Dallas, the entire business channel of the buying and selling of residential real estate mortgages and debt became automated. This business channel shed labor as software automation came to the information intense process of creating loan products for the residential real estate market. Also during this time, another man, Richard Barfus, brought a software product to market. It was an artificially intelligent (AI) control software called Mindbox. I call it HAL. HAL applied his expertise in his very early years to various small aspects of the mortgage business process starting with FANNIE & FREDDIE. In 2004, Richard Barfus and Bill Dallas teamed up and brought Mindbox (HAL) to the vertical market of residential real estate loan production.”

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