Wow, Just Wow! (companies, biased, federal government, federal)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Banker butt? You mean guys like rahm emanuel who made a fortune in investment banking and just happened to finance his political career largely as a result of donations by his friends in the banking community? You mean guys like that?
This isn't new, it was first discovered late last year. Most of the big outcry came from Florida foreclosures where BofA stopped processing them for a while so they could "get their paperwork in order".
This from April 2011: 60 Minutes Exposes Foreclosure Paperwork Fraud « Foreclosure Defense Blog
"60 Minutes identified several of the worst offenders–Wells Fargo, Citibank, U.S. Bank, Bank of America (likely in connection with their acquisition of CountryWide), HSBC, and Deutsche Bank. Not surprisingly, none of the big banks would talk to 60 Minutes."
60 minutes is doing a piece on Banks creating false paper work for Mortgages they are trying to forclose on. Thousands of them. They issued the Mortgages without paper work for several years during the feeding frenzy of sub prime bundled assets. That is illegal, it was found out over a year ago, about no documents, now all of a sudden they show up, and they are forged. Stunning stuff. I hope these Banks have to eat these foreclosures.
Except for two points:
1. No bank FORCED these "people" take these loans. While I'm not letting the banks off, no one ever discusses the greedy people who took out these loans, knowing full well they couldn't afford them. But of course, its always someone else's fault. Personal responsibility is always someone else's fault.
2. The banks aren't going to "eat" anything. YOU are. If the banks lose any money, that will be passed on to you. Credit card interest rates, bank fee's, borrowing rates, etc will just be raised, to make up the difference. So YOU and I will pay. Not the banks themselves. Believe me, the CEO of Wellsfargo will get his and then some.
This isn't new, it was first discovered late last year. Most of the big outcry came from Florida foreclosures where BofA stopped processing them for a while so they could "get their paperwork in order".
This from April 2011: 60 Minutes Exposes Foreclosure Paperwork Fraud « Foreclosure Defense Blog
"60 Minutes identified several of the worst offenders–Wells Fargo, Citibank, U.S. Bank, Bank of America (likely in connection with their acquisition of CountryWide), HSBC, and Deutsche Bank. Not surprisingly, none of the big banks would talk to 60 Minutes."
HSBC has had their credit downgraded several times...they should NEVER have been in business...wells fargo too, lol....they were begging illegals in fl to take loans in 2001......TRASHBANKS...unregulated......garbage in garbage out......NYC is backlogged with lawsuits against wells and JPMorgan....and ********* attorneys in FL who did illegal foreclosueres..,..
HSBC has had their credit downgraded several times...they should NEVER have been in business...wells fargo too, lol....they were begging illegals in fl to take loans in 2001......TRASHBANKS...unregulated......garbage in garbage out......NYC is backlogged with lawsuits against wells and JPMorgan....and ********* attorneys in FL who did illegal foreclosueres..,..
And now HSBC is selling off many of their US branches and getting back into international banking.
1. No bank FORCED these "people" take these loans. While I'm not letting the banks off, no one ever discusses the greedy people who took out these loans, knowing full well they couldn't afford them. But of course, its always someone else's fault. Personal responsibility is always someone else's fault.
This is about the dumbest statement I've seen in at least a week.
60 minutes is doing a piece on Banks creating false paper work for Mortgages they are trying to forclose on. Thousands of them. They issued the Mortgages without paper work for several years during the feeding frenzy of sub prime bundled assets. That is illegal, it was found out over a year ago, about no documents, now all of a sudden they show up, and they are forged. Stunning stuff. I hope these Banks have to eat these foreclosures.
Repukes didn't see it coming and in this video you can see our wise, intelligent and obviously well educated democratic party members trying to sound an alarm.
Repukes didn't see it coming and in this video you can see our wise, intelligent and obviously well educated democratic party members trying to sound an alarm.
LOL, more goodness on our educated folks. I miss saggy...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.