"Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Pr

Published: October 20, 2010, 5:16 pm

Can we smell another TARP bailout for banks because of this? Thud

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"Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Problem Is Really a System of "Push-Button Fraud"

http://www.zerohedge.com/article/foreclosure-expert-confirms-mortgages-pledged-multiple-times-not-actually-securitized-docume?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Entry #2,371

Comments

Rick G - Oct 20, 2010, 8:37 pm

A Senior-something-or-other from CNBC says congress will probably pass a law making all their fraud legal. Maybe that's why BOA has resumed foreclosures...they may have a green light for business as usual.

If they do another bankster bailout against the wishes of 95% of the population, we may see massive defaults on mortgages and credit cards. Time for the too-big-to-fail to do just that.

konane - Oct 20, 2010, 9:14 pm

Thanks Rick! Yep agree. It also seems we may have read about selling the same thing several times somewhere before .... at least if memory serves me. It gets fuzzy sometimes though.

sully16 - Oct 21, 2010, 5:27 am

sad , wake up america

konane - Oct 21, 2010, 10:19 am

Thanks Sully! Looting with impunity is what it looks like.

"Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Pr

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