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Archive for the ‘Fraud’ Category

By L Randall Wray United States Bankruptcy Judge Robert Grossman has ruled that MERS’s business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately [...]

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Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. Mr. Schneiderman, co-chairman of a new mortgage crisis unit under President Obama, filed a [...]

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By Paul Joseph Watson Top US government insider Dr. Steve R. Pieczenik, a man who held numerous different influential positions under three different Presidents and still works with the Defense Department, shockingly told The Alex Jones Show yesterday that Osama Bin Laden died in 2001 and that he was prepared to testify in front of [...]

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By Halah Touryalai A Senate panel released a damning report accusing the likes of Goldman Sachs of engaging in massive conflicts of interest, contaminating the U.S. financial system with toxic mortgages and undermining public trust in U.S. markets in the months leading up to the financial crisis. Just when you thought Washington lawmakers were over [...]

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By Kevin G. Hall Analysts who reviewed complex mortgage bonds that ultimately collapsed and ruined the U.S. housing market were threatened with firing if they lost lucrative business, prompting faulty ratings on trillions of dollars worth of junk mortgage bonds, a Senate report said Wednesday.The 639-page report by the Senate Permanent Subcommittee on Investigations confirms [...]

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