Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Profiting From The Meltdown

Robert Lenzner, 08.08.07, 6:00 AM ET

A consortium of the nation's leading investment banks have quietly created an index that is not only protecting them against the recent market meltdown but also promising to make them bundles of money in the process.

The index, known as LCDX, was created just weeks before the meltdown began by shrewd financial operatives like JPMorgan Chase (nyse: JPM - news - people ) and Goldman Sachs (nyse: GS - news - people ), which suspected trouble was brewing in the leveraged loan market and needed a way to protect themselves and their hedge fund clients.

This was just-in-time financial engineering.     READ ON........

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"LCDX, ABX and over 20 other indexes are the creation of CDS Index--a private concern owned equally by 16 major financial institutions like JPMorgan, Goldman Sachs, Deutsche Bank, Morgan Stanley (nyse: MS - news - people ) and Barclays Capital. The other members are Bank of America (nyse: BAC - news - people ), BNP Paribas (other-otc: BNPQY - news - people ), Citigroup (nyse: C - news - people ), Credit Suisse (nyse: CS - news - people ), Lehman Brothers (nyse: LEH - news - people ), Merrill Lynch (nyse: MER - news - people ), RBS Greenwich, UBS (nyse: UBS - news - people ) and Wachovia (nyse: WB - news - people ).

The banks claim that in creating these indexes they were simply responding to the demands of their clients, including a host of top hedge funds, which also have made money on many of these trades." 

This is an excerpt from the article above.

What an outrageous lie these are the criminals who threw the system in default on purpose for at least 2 reasons to collect on the downside hedge and to create an economic disaster so they can get homes and businesses for free. These are the major players in laundering ms fraud assets.
They are a financial chop shop for stolen homes. On top of all that the Fed and the politicians want to use more of our money to bail out these crooks?
What about returning the stolen homes to the owners to inject liquidity and stability into the economy instead of paying the criminals more money to keep afloat and stay out of jail. Outrageous the politicians would pay these criminals to steal our homes and leave us in the streets to die.
Where are the murder and treason charges isn't Hillary Clinton and the rest of the gang going to be arrested and charged?

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