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Ambac Clients May Receive 25 Cents on Dollar in Cash

7 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, HERS, Investor, Mortgage, securities fraud / By

Editor’s Note: The significance of this announcement is that the bondholders, who were insured directly by AMBAC (as opposed to the investment bankers who bought “bets” like credit default swaps) are receiving 25 cents on every dollar they funded as creditors for the funding of loan to homeowners (debtors/ borrowers). This supports and corroborates two …

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Taxing Wall Street Down to Size: Litigation Guidelines

8 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

The mistake I detect from those who are not faring well in court is the attempt to treat preliminary motions and hearings as opportunities to prove your entire case. Don’t talk about conspiracy and theft, talk about evidence and discovery. every debtor is entitled to know the identity of the creditor, the full accounting for …

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