Not resolved
1 comment

With so many homeowners losing their homes to foreclosure policy makers and wall street bankers all point fingers at homeowners for causing the problem by purchasing homes they could not afford.Investigativeguy John Mattes says not so fast bankers.

His investigation points to liar loans crafted by banks as the problem.Liar loans were loans created by bankers to fudge the numbers to put people in loans the bankers knew the home buyer could not afford. The loans were designed to fail but so long as mortgage brokers and bankers got their commissions who cared. In legal terms it was fraud .

Mattes interviewed one mortgage CEO who admitted his staff forged loan documents .Now you ask yourself did the loan officer go to jail ; no .Experts say how few if any bank presidents went to jail ,most just got bonuses..

Had an Experience with Wall Street?

Write a review

Comments

Terms of Service
Post Comment
Cancel
ericbradshaw
#397663

Eric Bradshaw Business Consultants-Bonner kansas

www.ericbradshawikkidot.com

Sad day in America...We will get through this situation just like Pearl Harbour....

You May Also Like

World Financial Group - Big Class-Action Lawsuit against Transamerica’s FFIUL? Can You Join? World Financial Group "Transamerica’s Financial Foundation Indexed Universal Life (FFIUL) policy is WFG’s top life insurance product. It’s the fat-commission policy my upline always pushed me to sell. I worked for WFG..." Read more World Financial Group - WFG is a Great Way to Go BROKE and LOSE FAMILY and FRIENDS World Financial Group "Mr/Ms WFG No-name from Nowhere. Please spare us your big fat lie about "many big earners" at WFG. It's total bull cr*p and you know it. Here I give you..." Read more World Financial Group - Why the FFIUL--WFG’s Flagship Policy--is a *Disaster* World Financial Group "Please see attached the chart page from a Transamerica Financial Foundation Indexed Universal Life (FFIUL) policy. A California WFG agent sold this policy to a client earlier this year. Transamerica..." Read more Agora Financial -  Weekly Wealth Alert " Scam / Refund requested Agora Financial "They had an online webinar regarding Weekly Wealth Alert about stock. They said its about Stocks, I mean they send me email alert about buy stocks. But its not about..." Read more Kenneth Cole - Poor Product sold. Kenneth Cole "I brought a wallet from Blue water Bridge duty free shop ,Point edward ON,N7V4JS Canada. on july 12,2017 while going to USA to meet my sister along with my wife..." Read more Hewlett Packard - Product falling apart! Hewlett Packard "I bought a HP Laptop this past January ( less than a year) and about a month ago the USB port and the SD card port both stopped working on..." Read more Kenneth Cole - WALLET DEFECTED ,WITHOUT USING IT WAS TORN Kenneth Cole "WORST PRODUCTS....INFACT SPURIOUS MATERIAL USED..... NO COMPARISON WITH MK OR WITH COACH...KENNETHCOLE REACTION ....A BIG NO TO KENNETHCOLE REACTION... THE COMPANY HAS NO ANSWER.....THEY SAY GET IT REPAIR FROM A..." Read more Top Top Renovation LLC is Top Top Unprofessional Top Top Renovation Llc "In mid-September 2017, we needed a handyman to do a series of home improvement work in our Fort Lauderdale, Florida house. Improvements would include dry wall repairs, install new bedroom..." Read more