“The Justice Department claims that the faulty projections were not simply naïveté, but rather a deliberate effort to produce inflated, fraudulent ratings. “The complaint asserts that S.& P. staff chose not to update computer programs because the changes would have led to harsher ratings, and a potential loss of business,” (e.s.) “I was there. It […]

Tags: AGGREGATOR, Ben Bernanke, financial analysis, Fitch, Hank Paulson, MasterCard, nominees, Ponzi, rating agencies, REMIC, S&P, securities analysis, securitization, SWIFT, trustee, Visa
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: This is why I am re-starting my seminar tours. The information out there is disinformation and in this case sellers don’t realize […]

Tags: 16 Million homes underwater, case-shiller, clear title, David M Blitzer, deadbeat, Home Price Indices, HUD 1 settlement statement, MERS, negative equity, Robo-Signing, S&P, securitization, seminar, short-sale, Stan Humphries, the KCM Crew, Wall Street, zillow
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Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 […]

Tags: accounting watchdog, Attorney Misconduct, Bank of America, Bar Association, behavior of lawyers, BOA, CFTC, Claudius Modesti, Commodity Futures Trading Commission, David Tamman, discipline lawyers, disclosure, document trail, fabrication, financial crisis, Fitch, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, GlaxoSmithKline PLC, home and commercial mortgages, Hughes Hubbard & Reed LLP, investment banks, Jeffrey Hoffman, John Wood, Justice Department, Kenneth Lench, Lauren Stevens, Lender Liability, Moody's, Mortgage, mortgage-bond deals, mortgages, Nixon Peabody LLP, predatory lending, professional misconduct, Public Company Accounting Oversight Board, regulate lawyers, Reid Weingarten, Robert Khuzami, S&P, Sarbanes-Oxley Act, SEC, Securities and Exchange Commission, securitization procedure, securitization structure, Stanley Stone, Steven Altman, U.S. Attorney for the Western District of Missouri, U.S. District Judge Roger Titus, US BANK, Wells Fargo
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According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers […]

Tags: AAA rating, BEAR STEARNS, BlueChip Films, Confidence Game, congress, criminal violations, Cuomo, EMC analysts, fabricated documents, Falsified Information, HERS, ratings, S&P, Standards and Poor's, Susan Barnes, Van Leeuwen
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