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New York Times: Prosecution of Financial Crisis Fraud Ends With a Whimper

4 Comments / foreclosure / By

White Collar Watch By PETER J. HENNING AUG. 29, 2016   Photo In 2011, Robert Khuzami of the Securities and Exchange Commission announced charges against top executives from Fannie Mae and Freddie Mac. Credit Win Mcnamee/Getty Images One source of great frustration from the financial crisis has been the dearth of cases against individuals over …

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Appraisal Fraud: Triaxx Inching Toward the Truth

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

Editor’s Comment: At the heart of the entire scam called securitization was the abandonment — in fact the avoidance of repayment of the loans. The idea was to make bigger and bigger loans without due any evidence of due diligence, so that the “lender” could claim plausible deniability and more importantly, make a claim for …

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