““The words PONZI SCHEME and FRAUD applied to the mortgage meltdown has been largely dismissed by policy makers, law enforcement and regulators. Instead we heard the terms RISKY BEHAVIOR and RECKLESSNESS. Now law enforcement has finally completed its investigation and determined that those who set the tone and culture of Wall Street were deeply involved […]

Tags: appraisal fraud, benefit of the bargain, defective mortgages, exemplary damages, fraud, Libor, market manipulation, pattern of behavior, Ponzi, punitive damages, TILA, treble damages
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

The purpose of this article is to support the prior conclusions expressed in my articles and appearances that in addition to being a Ponzi scheme, a necessary component of the illusion of a securitization plan was identity theft in which the identity of a person or entity is used for fraudulent purposes. The latest round […]

Tags: compensatory damages, exemplary damages, fraud, identity theft, punitive damages, treble damages
Posted in Uncategorized |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD I’ve been thinking about this for a while. In fact, when I first started out on the blog in 2007 I spent quite a bit of time interviewing big and small law firms and retired judges and they all said the same thing: wait […]

Tags: attorney fee award, cancellation of instruments, comensatory damages, contingency fee, exemplary damages, punitive damages, quiet titile, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

The REMICS are mirror images of the NINJA loans — no income, no assets, no job the borrower did not realize that the false appraisal and other deficiencies in underwriting had shifted the risk of loss to the homeowner and the investors Editor’s Notes: Our economy and the economic structure in other countries is stuck […]

Tags: appraisal fraud, common law fraud, compensatory damages, deceptive lending, exemplary damages, Federal reserve, NINJA, Ponzi scheme, punitive damages, REMIC, RICO Fraud, risk of loss, TILA, treble damages, underwriting committee, underwriting standards, wrongful foreclosure, wrongful lending
Posted in bubble, Corruption, Eviction, securities fraud |