““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 |