Posts Tagged ‘Mortgage Fraud’

Matt Taibbi’s Rolling Stone Article: Wall Street’s Naked Swindle – Must Reading

Tuesday, October 20th, 2009

If you’re looking around at the available reading material on the subject of the current financial crisis and trying to decide where to invest your time, look no further than this October 15th Rolling Stone Magazine Article by Matt Taibbi

Sure, it’s 8 full pages of reading, and that’s a LOT in the world on online jibberish, one liners, sound bits and photo opps but it is the best damn 8 pages of reading you are likely to do in a while on the subject and in terms of providing clarity, let’s just say it will leave you unsettling clear and wondering WTF as well as askign yourself how we get control of what is clearly now firmly in control of our government and our financial system: namely a massive, deeply entrenched system of fraud.

In Wall Street’s Naked Swindle you will discover just how far gone our current financial system is, and just how at this very moment it is being handed over without reservation to the largest and most corrupt banking powers of our day.

You might say, “well who cares?” or “what can I do about that?” but the truth is, if more people in this country knew the truth about the current financial crisis the polls asking who is to blame would not be coming up with the lame-o answers of “Democrats” or “Republicans” and the cherade of blaming politicians for what is now a systemic propblem of mass corruption would be set aside to deal with the real issue which is the wholesale theft of our government by the banking elites. Not to mention that people responsible for this huge swindle would start going to jail, perhaps… just perhaps. The truth is that if they do not, then our system of money and governance as we know it will not be around much longer to talk about.

If you are looking for the facts underlying the realities we are all experiencing, this is a great place to start.

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The Planet Money Adam Davidson Elizabeth Warren Interview

Sunday, October 11th, 2009

Elizabeth Warren gets into it with Adam Davidson of NPRs Planet Money – This is one of those pieces to listen to just to see where people think people are on the issues – but while it’s great intellectual food for thought (maybe) it still leaves aside the most major of all the underlying issues which is when does the corruption and pilfering stop?

Apparently, not here.


Planet Money Interview Adam Davidson and Elizabeth Warren May 2009

We note that all pontificating aside, not much has changed in the five months since this interview came out – the banks are still foreclosing on homeowners at a record clip; the government is now subsidizing private investor’s acquisitions of those “troubled assets”; new hedge funds are springing up to purchase the housing inventory left in the wake of the “credit induced housing bubble”; and, just by coincidence, no one has made a single move to begin prosecution of the most massive control fraud and public fleecing in America’s history. We note that the COP (Congressional Oversight Panel) under Elizabeth Warren DID come out last week and chastise the Tresury for its failure to provide any type of meaningful relief to the millions of Americans still facing foreclosure.

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Meet William Black: Federal Investigator Charges “Control Fraud” Against Mortgage Lenders

Sunday, October 11th, 2009

Unlike the movie Meet Joe Black, there is no good guy wealthy Anthony Hopkins character in this modern day real life drama. William Black is the former Savings and Loan investigator responsible for putting over 1000 S & L execs behind bars in the Savings and Loan Scandal.

In this interview with Bill Moyers, Black explains just what he sees having gone on in the current mortgage crisis.

Read the

Full Transcript of Bill Moyers and William Black Interview

Watch the

Flash Video of the Complete Bill Moyers and William Black Interview

If you really want to understand what has gone on in the creation and expansion of what William Black calls a top down control fraud engineered entirely by top level bank executives looking for “off the chart profits”, this is the place and Mr. Black is the man.

William Black is no conspiracy theorist; he is a hard nosed investigator with a stellar track record of uncovering and prosecuting those responsibie for financial fraud. It is his position that the current mortgage crisis is was brought about by just that – a massive internally driven fraud by top level bankers.

BFR Webmaster Note: We give Mr. Black and this information our highest rating.

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American News Project: Road To Ruin – Mortgage Scandal Brewing May 2009 Report

Sunday, October 11th, 2009

Road to Ruin: Mortgage Fraud Scandal Brewing

By Lagan Sebert on May 11, 2009

35 Comments

Criminal fraud may be the most underreported aspect of our current financial crisis. In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

BFR Webmaster’s Note: This story is now five months old. Here it is October and the Scandal is still only “brewing”? At what point do the Regulators, Politicians and Bureaucrats actually step up to the plate and DO something?

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