Living Lies Narrative Corroborated by Increasing Number of Respected Economists It has taken over 7 years, but finally my description of the securitization process has taken hold. Levitin calls it “securitization fail.” Yves Smith agrees. Bottom line: there was no securitization, the trusts were merely empty sham nominees for the investment banks and the “assignments,” […]

Tags: Empty Trust, false securitization, fraud, holder in due course, LEVITIN, Mortgage, Naked Capitalism, note, REMIC TRUST, securitization fail, servicer misconduct, student loans, yves Smith
Posted in Corruption, evidence, expert witness, foreclosure defenses, Modification, Motions, Pleading, securities fraud, Servicer |

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Tags: assiignments, Bernanke, Deny and Discover, endrosements, false securitization, Fed, Federal reserve, mortgage bonds, origination of loans, Payee, SECURED PARTY, shadow banking, TBTF, too big to fail
Posted in bubble, Corruption, Eviction, securities fraud |