The Boy Who Cried Force-Placed Insurance 2012

“You’re on your own. And you know what you know. And you are the one who’ll decide where to go…” Theodor Seuss Geisel


Q1 2012 – I’m feeling stronger. Living with my parents isn’t an ideal situation, but I’m alive and safe for the time being. Although they don’t agree with my decisions, my parents begrudgingly provide me with room and board. Regulators are finally using the inside information I provided to uncover the truth, the media is finally beginning to cover the story, and I finally have the shot I’ve been waiting for…


I begin contacting journalists again. It’s much different than last year when I was doing the same thing. This time around I’m more experienced. Force Placed Insurance is beginning to garner the attention of both regulators and the media. More journalists are beginning to understand the terminology I’m using. I sound less like a fringe lunatic speaking in a made up Sigur Ros language and more like an expert in a dark, shadowy corner of the mortgage & insurance industries. I’m able to secure meetings with organizations that laughed me out of their offices a year prior. While I appreciate the sudden shift in attitude, I still remember the pain of last year. I’m no longer an amateur with the media. I know how to handle them like a pro now.


Ben Lawsky NY DFS
Ben Lawsky – Head of the NY Dept of Financial Services

With the inquiry in New York pending, I have a lot of studying to do. Who is Benjamin Lawsky? What is Andrew Cuomo’s goal? What can these guys do to the banks anyway? I’ve already seen my deposition get hidden away under the table by white collar criminal investigators. I watched as so-called regulators chose to watch out for their own best interests rather than those of their constituents. What makes Lawsky any different?


February 2012 – While I’m gaining traction in my journey, Wall Street strikes another blow to Main Street. This month the Department of Justice and most of the 50 State Attorneys General will give the Wall Street banks a “Get Out of Jail Free” Card. The foreclosure settlement is essentially a joke. Homeowners will consider themselves lucky to pull $1000 each out of it. Losing your home is devastating. Having it stolen from you by the banks adds insult to injury. When those who are supposed to be protecting and defending your interests blow you off with such a minute sum, it becomes almost unbearable…


On February 9, 2012 the State Attorneys General Coalition announces their $25 billion foreclosure settlement, which is by far the largest bank payout since the housing crisis began. On the surface it sounds great, but underneath the sparkling marquees, we all know it means nothing to the consumers who have been struggling the most. The only good news I can find in the settlement is that media outlets are finally finished chasing this carrot and are looking for new stories related to the housing crisis. With over a year to prepare, I have it on a silver platter for them.



I spend my days training financial journalists from every news outlet I can think of on the inner workings of the banks and the implementation of Force Placed Insurance. Many of them still have ridiculous requests. I’m asked to do very questionable and immoral things by the mainstream media outlets. They all want to be the one to break the story of the century, but they aren’t listening when I give them all the information they need to do so. They think the kickback scheme is going to be easy to see. They fail to realize how easy it is to see if they’d just think and stop looking for an easy answer. I find myself wondering how these people are considered professionals in the first place.


This is when I lose what’s left of my faith in mainstream society and start believing more and more in the Anonymous ideals. None of the followers of Anonymous ever uses my situation for personal or professional gain. It was the politicians and regulators who tried that. No follower of the Anonymous ideals ever attempts to convince me to do anything illegal or immoral. It’s the members of the mainstream media who are requesting that.* It becomes more and more evident with every step I take that the only people I can ever trust are those who support transparency…


…and as the one year anniversary of my document leak with Anonymous approaches, Benjamin Lawsky and his New York Department of Finance put the banksters on the hot seat in a live public webcast…and I watched as the same fraud I spoke about for over a year is admitted in sworn testimony…and I caught the banksters lying on the stand about their fraud…and I called them out…and I watched them react to it live…


Now I know the banks are watching me. I know they’re afraid of me…and I know why…


*Note – The journalists for The Huffington Post and American Banker were not among the members of the media who asked me to do anything illegal. I included them in my blog because they acted with the high level of journalistic integrity one would expect from a respectable news outlet. I refuse to mention the names of “journalists” or publications who acted immorally or unethically. As far as I’m concerned, those unscrupulous outlets no longer exist.


Dr. Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer. You can find his work in Cracked, High Times, HuffPost, Lifewire, Forbes, Fast Company, and dozens of other places, although much of it is no longer under his name. Dr. Penny loves annoying fake media.

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