"Too big to comply” is a saying that means a company or a government agency is so big that it must have its own law—and can’t comply with laws that apply to everyone else. “These companies that are too big to fail apparently also think they’re also too big to comply with the law of the land and it’s beyond outrageous” was cited in print in October 2010. “The banks are too big to fail—too big to comply” was also cited in print in October 2010.
“Too big to comply” became popular in June 2014, when the National Security Agency said that it couldn’t comply with a court order because its spying operation was too massive.
Similar phrases include “too big to fail” (TBTF), “too big to jail,” “too big to prosecute” and “too small to bail.”
Embattled homeowner to bank: You don’t own my loan
By Allan Chernoff, CNN Sr. Correspondent October 18, 2010: 10:55 AM ET
D’Amelio and her attorney, Linda Tirelli, are taking aim at the way the mortgage industry prepares legal documents used against delinquent homeowners. They charge the electronic filing system that the mortgage industry devised to facilitate the selling of mortgages from one financial party to another results in documentation that is faulty and therefore not legally binding.
“These companies that are too big to fail apparently also think they’re also too big to comply with the law of the land and it’s beyond outrageous,” charges Tirelli.
Foreclosure Defense Resource Center
More window dressing from the White House and “the regulators” in regard to Robo Signers and Foreclosure Process of Servicers…….
Posted by California Foreclosure Lawyer+ on October 28, 2010
“THE BANKS ARE TOO BIG TO FAIL – TOO BIG TO COMPLY. WHEN ALL ELSE FAILS, REOSRT TO WINDOW DRESSING TO BUILD PUBLIC CONFIDENCE!” SAYS BEVERLY HILLS FORECLOSURE DEFENSE LAWYER STEVE VONDRAN.
Is Apple Too Big to Comply with American Laws and Practices http://bit.ly/mEICz2
3:43 AM - 25 May 2011
June 9, 2011 at 10:40 AM
Too Big to Comply
posted by Alan White
Treasury released a detailed report for the HAMP mortgage modification program today, for the first time rating the major banks and servicers on a variety of metrics. Worst in three of four categories was BankofAmerica. BofA, along with Wells Fargo and Chase, will have payments from Treasury suspended until their compliance under the HAMP contracts improves. The report provides a trove of statistical confirmation of what homeowners, counselors and legal aid lawyers around the US are experiencing - temporary agreements that never become permanent, servicers losing and misrecording borrower information, and not communicating effectively with homeowners about applications and decisions.
Banks are “too big to comply,” @CenkUygur says, because they look at government and say “what are you going to do about it”?
6:36 PM - 22 Mar 2012
ACLU (American Civil Liberties Union)
Too Big To Comply? NSA Says It’s Too Large, Complex to Comply With Court Order
By Patrick C. Toomey, Staff Attorney, ACLU National Security Project at 9:52am
In an era of too-big-to-fail banks, we should have known it was coming: An intelligence agency too big to rein in — and brazen enough to say so.
In a remarkable legal filing on Friday afternoon, the NSA told a federal court that its spying operations are too massive and technically complex to comply with an order to preserve evidence. The NSA, in other words, now says that it cannot comply with the rules that apply to any other party before a court — the very rules that ensure legal accountability — because it is too big.
The NSA Claims It Is “Too Big to Comply” With A Court Order
Submitted by Tyler Durden on 06/11/2014 21:31 -0400
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
The fact that that the NSA is now claiming it is “Too Big to Comply” with a court order is an extremely important revelation since it further proves that the super rich and super powerful are in no way shape or form subject to the same laws as the rest of us. The mega banks are “Too Big to Fail,” multi-national corporations are “Too Big to Pay Taxes” and the government is just “Too Big to be Useful.” The rule of law no longer exists in America (remember Jon Corzine), which in turn means there is no longer a functioning society. This may not be obvious to most people at the moment, but it will become painfully clear to everyone in time unless these trends are reversed.
New York City • Banking/Finance/Insurance • Wednesday, June 11, 2014 • Permalink