March 22, 2018
Prescott Lovern, Sr. (Lovern) has been sitting on a private attorney general (PAG) securities lawsuit (S-lawsuit) for over a year waiting on the U.S. Supreme Court (SCOTUS) to issue an opinion that could have derailed the S-lawsuit. INSTEAD, the unanimous SCOTUS decision paves the way for the S-lawsuit, and it will bankrupt Bank of America (BOA) with strict liability, no proof of damage requirement.
The S-lawsuit is connected to Mastercard, Inc.’s and Visa, Inc.s racketeering enterprise. (PAG / RICO case). Federal Regulators [Federal Reserve, OCC & FDIC Safety & Soundness] have been covering this up for years, especially under Obama. FDIC Officials have reached out to Lovern telling him to contact the consumer relations group. How stupid is that? Other FDIC Officials want Lovern to talk to the very FDIC lawyers who have been covering this up. That’s how corrupt the FDIC is. Nothing has changed at the OCC. The President is unaware of what’s going on and Steve Mnuchin is intentionally keeping him in the dark. Mnuchin is trying to protect the banks.
The legal roadblocks are now gone thanks to SCOTUS. BOA can be bankrupted without filing the PAG / RICO case, only the securities case.
Other banks like Wells Fargo, Citibank, Chase [Jamie Dimon put on Notice], PNC et al can suffer the same fate as BOA, as wells as Mastercard, Inc. & Visa,Inc. No public stock PAG / RICO Defendant is out of reach including affinity partners like Carnival Corporation. The Chickens are coming home to roost.