Despite the pronouncements by Eric Holder, the chief law enforcement officer of the United States, and the obvious reticence of the Securities and Exchange Commission, the vast majority of securities attorneys believe that the banks were (a) trading on inside information and (b) committing securities fraud when they funded and then traded on mortgages that […]

Tags: Assignment and ASsumption Agreement, common law fraud, insider trading, Master Servicer, mortgage bonds, Occupy wall Street, Pooling and Servicing Agreement, Prospectus, securities fraud, underwriting bank, Wall Street
Posted in Corruption, securities fraud |

COME TO THE ANAHEIM 1/2 SEMINAR WEDNESDAY MORNING It appears as though LIBOR is being thrown under the bus as a distraction from the much larger mortgage securitization scam. Both cases relied upon trust that was breached, money that was invented, figures that were fabricated, lying, cheating and inside trading to the detriment of the […]

Tags: borrowers, distressed properties, fraud, homeowners, insidekr trading, insider trading, intermediaries, Libor, nominees, securitization scam, taxpayers, VICTIMS, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

“Yet on a wholesale basis, Goldman Sachs and others not only had the inside information, they had created it. That is why Goldman started trading against the the interests of its clients to whom it was selling mortgage backed securities that were designed to fail” “Both the investor and the borrower would have understood that […]

Tags: credit default swaps, damaes, insider trading, investors, loan as security, rescission, SEC, undisclosed fees and profits
Posted in bubble, Corruption, Eviction, securities fraud |