http://www.reuters.com/article/us-otc-pimco-idUSKBN19X2NV Alison Frankel (Reuters) – Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses. In a newly filed complaint in Manhattan State Supreme Court, the Pimco funds are asking for a declaratory judgment that Wells Fargo is not entitled to use MBS trust […]

Tags: MBS, Pimco Group, Wells Fargo
Posted in Uncategorized |

NOW AVAILABLE ON KINDLE/AMAZON! SEE calhoun_testimony LITANY of MORTGAGE LENDING ABUSES AND OTHER BANK ABUSES Admitted by Responsible Lending Association Isn’t it interesting, frustrating, maddening that not only did Wall Street do it to 20 million homeowners in one form or another, they did it to the Federal Government too, which means they spread their […]

Tags: Brazil and China, Concord Coalition, Edmund Andrews, Fed, Glass Steagel, Goldman Sachs, It Takes a Pillage, Michael Calhoun, Nomi Prins, Ny Times, Pimco Group, Responsible Lending, Robert Bixby, teaser rates, William H Gross
Posted in bubble, Corruption, Eviction, securities fraud |