Vulture investors buy up distressed mortgages

catherine at 03:59 2010-06-09 said:

we gave them 25 trillion dollars so they didn't have to worry about those time bomb ticking assets in the basement (mortgages)

they didn't deal with the problem at all, they have let people live in the properties for up to 2 years in some places............the taxpayers made them whole.........TEMPORARILY............but dumping these properties has to be done - only way to get to the real value of assets..............but they should have been sold as they appeared...........

to dump 7 million foreclosures on the market just makes the mortgage backed securities that are left with any value - valueless............because our economy can't assimiliate 7 million properties at once without a big hurt. Permalink

Anonymous at 04:05 2010-06-09 said:

http://privateaudio.homestead.com/Exhibit_G_Securitization.pdf Permalink

catherine at 04:22 2010-06-09 said:

Securitization of the signed mortgage is illegal primarily because its fraudulent, and causes specific violations of RICO, USURY, and Antitrust laws. The courts are just begining to address this part of the mortgage fraud.

http://privateaudio.homestead.com/Exhibit_G_Securitization.pdf

rubin and the impeached stain and cuomo and greenspan were in that room when they did the gutting and they have all made their money off the gutting of it. we will see but until they do this - they are just pretending.............

that financial bill they are trying to pass now does nothing but give the executive branch total power........and oh yeah taxes on your savings and checking accounts............

i mean they let that VIP CW DODD write it (wait and see what kind of payback job Dodd gets for this when he leaves in Nov)............. Permalink