To Mortgage Servicing Fraud victims:
The good news for us in MSF is that although the FBI investigations will
focus primarily on stock and security selling fraud there will undoubtedly
be immunity given for suddenly born again "come to Jesus" whistle-blowers
who have suddenly seen the light in the face of cold hard prison time.
These guys will come clean on *everything* they know to avoid hard time
in the joint. Scoundrels like Ameriquest/ AMC and Bear/EMC that
encouraged and rewarded fraudulent servicing right on up to quick-disposals
of toxic bundles of high risk nitro clunkers to investors.
Indeed criminal mortgage servicing firms like AMC, CW and EMC will go
down right alongside the "Who me?" lenders and quick dumping artists
like Bear Stearns and Merrill Lynch.
Let it be noted that the investors and insurers got snapped off real good in
this financial catastrophe. And let’s make sure that the hidden villains in
this disaster, the rating agencies who made it all possible get their share of
the blame right along with the shameless appraisers.
The losers will spend an estimated $5B defending themselves. Their
defense attorneys will darn sure get paid which ponders the question,
“Where did that $5B come from?”
These are historic times folks..
Ultimate justice? It depends upon one’s perspective.
A depression? No.
A recession? Yes.Final Justice for the oppressed victims who were largely looked upon as
95% deadbeats? Yes but unfortunately not in monetary terms.
The total time frame? About 24-30 months.
Money back for the victims? Likely not much from corporate hulls. We
can only hope that the attorneys like the James, Hoyer firm who will make
a king’s ransom on this historic fiasco don’t rush to settle too quickly.
Innocent families and victims were unjustly deprived of their small individual
“American Dreams.” But this will be of some solace: The mortgage servicing
criminals were finally brought to justice and let it be written in bold caps,
AS IT TURNED OUT ALL VICTIMS WERE NOT
JUST “DEADBEATS WHO GOT IN OVER THEIR HEADS.”
(This is what they were telling us all along.)
Ed Cage | 1804 Cross Bend, Plano Texas 75023 | 972-596-4363 | email@example.com