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Bank Fabrication and Fraud Causes Rise of New "Industry" — Phantom Debt

3 Comments / foreclosure / By

It was inevitable that smaller players would seize upon the “irresistible” opportunity to create or sell phantom debt. With the justice system lining up to approve the practice of stealing debt owned by investors and claiming the right to collect, it did not take a genius to come up with a plan to invent the …

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Documented Faked Debt vs Undocumented Real Debt:

16 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

Editor’s Note: I don’t want to get technical but it is quite necessary in order to understand a corroboration of my statements regarding (a) whether a loan is secured (b) whether the terms of repayment to the creditor were stated the same way in both the offer to the investor-lender and the borrower and (c) …

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