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.
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.
The funny thing is that NONE of the names those bankers involved will ever be known to the public. They are protected by the government, who utilize their services for illicit funds.
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.
If this is happening I'm guessing some folks get to go to jail.
If this is happening I'm guessing some folks get to go to jail.
Did you ever hear of the BCCI or the Savings and Loans scandals? Thousands of people were involved and hundreds of billions were lost and stolen. Barely a handful of people ever went to court and instead the public had to pay to fix the mess your dear bankers created.
Quote:
Originally Posted by summers73
Wow, not blaming the 'Pubs this time, fb? Slacking you are!
You are part of the problem. The financial robber barons have no allegiance to party or country and pretending like its not both sides working together is disingenuous at this point.
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.
The funny thing is that NONE of the names those bankers involved will ever be known to the public. They are protected by the government, who utilize their services for illicit funds.
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.
If this is happening I'm guessing some folks get to go to jail.
Atty Generals in every State are looking into it. Multiple Billions are involved. They report about one Doc mil, called Dox in Georgia, that process fake paperwork for the Pres/CEO of 30 some Mortgage Cos and Banks. The same person was that CEO name, ... at the same time. The actual person was a former stock cleark who took a job creating the documents for $10/hr.
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.
Don't bet on the Obama Justice Dept going after the banksters.
Holder would probably like too- he strikes me as a guy sincere in his concern for social justice.
But Obama would never go for it- the financial pirates who almost literally tore this country down around his over-sized ears are Obama's "base" .
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.