Since the Fed can create unlimited money, why not pay off every mortgage in the land? That’s only $9.7 trillion, and if the Fed wanted to unleash an orgy of spending, that would certainly do it. Trillions in losses would be filled with “free money,” since the Fed would pay the full value of all …
Federal Reserve Money Laundering For Dirty Banks Read More »
Editor’s Note: It’s not final but it looks like Ireland is going to do pretty much the same thing that Iceland did, except this one is based upon the heart of the crisis — housing and bad mortgages, falsely presented to lenders and borrowers alike. The answer? Reduction in the balance due on mortgages that …
Ireland Joining Iceland for Mortgage Principal Corrections Read More »
“I can’t predict the next scandal,” Mr. Berger said. “But I know that fraud is a growth industry, and so is greed.” Editor’s Comment: Max W. Berger, partner of Bernstein Litowitz Berger & Grossmann, based in Manhattan has brought in over $1 Billion in damages for class action lawsuits filed ion behalf of investors. I’ve …
Lawyers cashing in on Class Action Lawsuits for Investors: What About Homeowners? Read More »
