SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S RANT: They turned the financial world upside down, taking our society with it. So it should come as no surprise that they would accuse homeowners of trying to get what the banks have been doing now for over three years — GETTING A FREE HOUSE. They never funded …
WHY? BECAUSE THEY WANT A FREE HOUSE — THE BANKS, THAT IS — NOT THE BORROWERS Read More »
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: The government maintains its complicity in the securitization scam. The mortgage bonds were fake instruments that created non-existent pools containing non-existent assets. The investment banks took the money, pocketed a large portion of it as fees and used the rest to fund mortgages that couldn’t work, but …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The act’s emphasis on preserving homeownership was particularly vital to passage. Congress was told that TARP would be used to purchase up to $700 billion of mortgages, and, to obtain the necessary votes, Treasury promised that it would modify those mortgages to assist struggling homeowners. Indeed, the act expressly …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: That housing prices are continuing to fall is no surprise to anyone other than the “economists” who are mouthpieces for Wall Street and the government puppets that spout the spin — misdirecting attention from the fact that securitization of debt has been a giant illusion and that …
