Systemic Counterfeit Mortgage Securities Fraud Revelations It has just been revealed that Mortgages have individually been pledged, in whole, multiple times as security instruments. "Indeed, it appears as though many loans and other mortgage-related assets have been double- and even triple-pledged to various constituencies." TAYLOR, BEAN & WHITAKER MORTGAGE CORP v. BANK OF AMERICA (2010) To state this more plainly, Wall Street Banks, and their subsidiary banking fronts took a mortgage for 123 Sesame ST and sold the mortgage and delivered copied documents photo-shopped to appear assigned to in blank to other Wall Street Banks, who in turn may have taken what was believed to be the original mortgage and sold it all over wall street, again. Rinse and repeat, and now it becomes understandable how there is a derivatives market that is roughly estimated to range between .25-.5 quadrillion; that is 50-00 trillion, an amount far in excess of the estimated value of the whole planet. The subject matter pertaining to this racket is sure to be the subject of whole books, and movie trilogies. By no means should the following be considered definitive. The money was not made by trading and selling counterfeit mortgage securities like little kids sell and trade baseball cards. The money was made when the Wall Street Banks sold these counterfeit securities to investors in mortgage backed securities. More money was made when the Wall Street Banks bet that their counterfeit ...
Tags: Securities, Mortgage, Loan, Inducement, Conveyane, Fraud, Fradulent, Felony, Common, Law, Crime, Criminal, Syndicate, Federal, Government, Corrupt, Judges, Corruption, FCIC, FDIC, FSHA, Fannie, May, Freddie, Mac, Receivership, Conservator, Bankruptcy, Court, Breach, Contract, Fidicuary, Obligations, detersbb
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