Homeowners for Justice & an end to unlawful Repossessions By UK based bankrupt Lehman Bros Entities
Friday May 24th 2013

Goodbye to all that & Hello to all this…!



This was posted by Dingle earlier. Not only is the importance of this worthy of front page prominence, the sheer clarity with which Dingle has commented also merits a billing. Here it is.WELL – FANCY THAT!!

Whilst I’ve been a keen supporter of this website for some time now and have contributed to the ’cause’ in as many different ways as possible, the only argument I’ve had difficulty in accepting has been the constant view expressed by the prime movers of the website that the reason why the FSA, FOS and Government have solidly refused to take any enforcement action against Capstone/Acenden has been something to do with Pricewaterhouse Cooper.  I’ve never really been able to buy totally into this viewpoint BUT I DO NOW!

 

According to today’s press, Margaret Cole, former chief enforcer at the FSA and the ONE person who COULD have held Acenden/Capstone to account and singularly failed so to do, has got herself a new job. Guess who she’s got into bed with – allegedly securing a salary of almost £1m a yesr?  That’s right – her new employers are Pricewaterhouse Cooper!  YOU COULDN’T MAKE IT UP!

 

I WHOLEHEARTEDLY APOLOGISE FOR EVER HAVING DOUBTED THE VIEW LONG HELD ON THIS SITE – IF YOU’RE LOOKING FOR A REASON WHY ALL OUR LOBBYING, LETTERS TO MPs, THE FSA, AND THE FOS SEEKING JUSTICE FOR THE THOUSANDS OF VICTIMS OF CAPSTONE/ACENDEN, LOOK NO FURTHER.  IT’S ALL DOWN TO THE PwC CONNECTION – NOW WE KNOW FOR SURE.

Hi Dingle

 

Never doubt for one moment that your support for this cause (and your heartfelt criticism of this site at times) has ever gone unnoticed or been felt badly here. We appreciate your support and all of your constructive criticism.

It is right to cast doubt upon postings which do not convince you at their own face value. We are absolutely sure of this as an abiding principle.

But we do stand by the original story and thank Private Eye in particular for noticing an unhealthy amount of “schmoozing” between HMRC, the then Tory shadow Treasury team and PwC before the least election. The penny only really dropped when PwC themselves proudly announced that the remnants of the Lehman’s estate would be “freed from the burden of unnecessary regulatory fees” in agreement with the FSA. Taking these two separate items of evidence together was enough to convince us. Now that the gamekeeper Margaret Cole has turned poacher I think the argument that Lehman’s are a protected species is now incontrovertible.

Hector Sants -GONE

David Hartnett – GONE

Jonathan Pain – GONE

Margaret Cole – GONE.

Amany Attia – GONE

100,000 families destroyed and NO-ONE is going to be held to account. It’s not only an outrage. It’s an outrage borne out of greed, corruption and lies. The biggest lie of all being that Hector Sants, in his time at the FSA, was a fearless, courageous and outstanding PUBLIC servant. What utter tosh.

One Comment for “Goodbye to all that & Hello to all this…!”

  • madmaria says:

    WELL WELL WELL!!! AS IF WE DIDNT KNOW DO THEY THINK THE BRITISH PUBLIC ARE STUPID OR SOMETHING???
    David Cameron has confirmed he had dinner with “significant” Conservative Party donors at his flat in Downing Street on three occasions since becoming Prime Minister, as well as at a post-election dinner in No 10 in 2010.

    Some people reading this will think what has this got to do with Acenden/SPPL etc etc. Well I will tell you!
    If you didnt know already this is one of the reasons the regulators are so lax with the loverly ~Acenden~ and why they are still not being investigated. (obviously this is only my opinion and I would not want to state anything that is untrue) But it is a fact that on occasion these little dinner parties include people from various accounting firms in the city, various chief bankers and regulators and some have been known to offer a few coffers to the kity out of the kindness of their hearts and the love of the particular party in power at the time. HOW GENEROUS OF THEM AND NOT WANTING ANYTHING IN RETURN!! MMMMMMMMMMMM WHatever Maria x


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A Manifesto

We aim:

1. To name and shame Capstone Mortgage Services as a disgraceful Third Party Administrator which specialises in ripping people off before dispossessing them.

2. To highlight the appalling practices of this firm which are systemic and unlawful and which cause huge consumer detriment.

3. To highlight the fact of insolvent trading by the Lehman Bros entities including SPML, SPPL, and PML; to further highlight their failure to comply with their legal responsibilities to submit accounts or appoint directors.

4. To challenge the locus standi of Capstone Mortgage Services to issue claim on behalf of the originating lender.

5. To campaign and lobby the regulators such as the Financial Services Authority to halt these abuses NOW, by applying the law and regulations as they exist.

6. To assist anyone in the process of fighting unlawful, falsely premised and vexatious repossession claims to mount a viable defence.

7. To campaign for fairer hearings before the courts in repossession claims than the anecdotal evidence suggests is currently the case.

8. To encourage in the media wider reporting of the fall-out for thousands of British families and households of the Lehman Bros bankruptcy.

9. To alert all concerned that the cynical makeover from Capstone to Acenden is nothing more than a PR rebranding exercise and has if anything resulted in more of the same from this appalling 'mortgage servicer.'

This is not just our manifesto. It is yours too. Feel free to post up suggestions and they will be considered for inclusion.


FSA Principle 6

" A firm must pay due regard to the interests of consumers and treat them fairly"

Securitisation and Fair Treatment – As stated by the FSA

In terms of the issues raised around securitisation, we expect a firm to adopt the same approach to forbearance for borrowers with mortgages that have been securitised as for borrowers whose mortgages remain on the firm’s books. Securitisation covenants should not constrict a firm’s ability to treat its customers fairly by exercising appropriate forbearance strategies.

Whither Deterrence..?

Margaret Cole, director of enforcement and financial crime at the FSA said:

"FSA rules ensure that financial services firms operate safely, protecting both their customers and the industry itself. Anyone found flouting those rules will face stiff penalties."

Really? Or did you mean THIS:

When I use a word,' said.... in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less."

FOS Complaints STATS Courtesy of Dingle.

SPML 56% found in favour of complainant

1 July 2009 – 31 December 2009 – new cases

Kensington 50
SPML 56

1 July 2009 – 31 December 2009 – resolved cases

Kensington 50% resolved in favour of complainant
SPML 40% resolved in favour of complainant

1 January 2009 – 30 June 2009 – new cases

GMAC 54
Kensington 70
Preferred Mortgages 31
SPML 92

1 January 2009 – 30 June 2009 – resolved cases

GMAC 74% resolved in favour of complainant
Kensington 37% resolved in favour of complainant
Preferred 56% resolved in favour of complainant
SPML 48% resolved in favour of complainant

SPPL’s VAT (Yeah…I’m the Taxman…)

Direct from SPPL's Tariffs and Charges 2010

"All fees and charges are inclusive of VAT where applicable."

Now, where did we put those SPPL Accounts...?

s.27 of the Land Registry Act 2002

From the many prospectuses...

"Neither the Issuer nor the Trustee currently intend to effect any registration at The Land Registry of England and Wales, the Registers of Northern Ireland or any registration or recording in the Registers of Scotland to protect the sale of the Loans"

Why not? It is a legal requirement that they do so and any failure amounts to a criminal offence.

 

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