NBC NIGHTLY NEWS: FORECLOSURE DOC'S FABRICATED AND IT MATTERS

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM

NBC NIGHTLY NEWS WITH BRIAN WILLIAMS

MAINSTREAM MEDIA GETS IT AND RUNS WITH IT

As I have said, for years, this will be long process. The banks will spin their tales and the mainstream media will pick up on the bank’s version of events because the banks seem more credible. For one thing, the claims on this blog that led to thousands of lawsuits against the banks did not seem possible. Why would banks who practically invented the dotted i’s and crossed t’s in piles of documents sometimes 3-4 inches think get it wrong? It seemed even less credible that they would intentionally get it wrong since the defective documents would undermine their claim to a lien on homes — a lien that was the last-ditch protection against non-payment.

But they did get it wrong and they got it wrong intentionally. They did it because THAT was the way they were making outsized profits from inflated fees and profits that never existed before. They even acted on the premise that the worse the loan, the more screwed up the documentation, the more money the banks were and servicing entities (owned by the banks) were making.

NOW WITH MAINSTREAM MEDIA ACCEPTING THE PREMISES OF THE LIVINGLIES BLOG, MAINSTREAM THINKING WILL CHANGE AS WELL, AS WILL DECISIONS BY MORE AND MORE JUDGES WHO START APPLYING THE LAW RATHER THAN IGNORING IT.

Tags: Bank of America, borrower, BRIAN WILLIAMS, disclosure, Eviction, Florida, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, MERS, NBC, note, predatory lending, quiet title, rescission, securitization, TILA audit, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |