Fraud
Lending Fraud Could Wreck Economy – Again – UT News UT News | The University of Texas at Austin
Fraud and the Housing Bubble Crash – DSNews DSNews.com
Such policies are aimed at ensuring the housing market didn't experience a catastrophic U.S.-style meltdown. Mr. Cashin argues that they have had the opposite effect, pushing otherwise creditworthy borrowers who would have qualified for a conventional …
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New Princeton-University of Chicago research reveals that, in low-income zip codes, IRS-reported incomes and earnings reported on mortgages in fact differed wildly from 2002 to 2005. The researchers place the blame for …
S&P will pay $210 million to California as part of a deal with 18 other state attorneys general and the District of Columbia that will net them and the federal government $1.37 billion to end litigation over the shenanigans that supercharged the …
The main problem was that Lehman Brothers had a significant portion of investments in housing-related assets vulnerable to a financial downturn. Lehman Brothers profited when the economy was stable, but it also meant that any … We conclude the …
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“In the wake of the housing crisis and the collapse of the global economy, credit agencies like S&P promised not to contribute to another bubble by inflating the ratings on products they were paid to evaluate,” Schneiderman said in a statement …
http://realestatemarketingthisweek.com – Real Estate Marketing – CDOs and the disgraceful actions of the Bond Rating Agencies – With Michael J Barnes, Brett …
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Find More TRUTH EXPOSED and SCANDALS UNCOVERED: ******************************************************************** The Money G. ECONOMIC COLLAPSE IN AMERICA UPDATE: Inflation before economic…
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Following the financial crisis, the synthetic collateralized debt obligation (“CDO”)—a complex derivative that received little mainstream attention prior to the housing meltdown—became big news. Journalists wrote numerous …
So while the millions of victims of Goldman Sachs' fraud still try to recover from the housing crisis Goldman and Tourre created, the Fabulous Fab moves on to greener pastures despite being one of the few banksters to enter a courtroom and be found liable.
[In] the case of privately securitized mortgages, [principal] write-downs are almost impossible to carry out, since loan modifications on the scale necessitated by the housing market crash would require collective action by a multitude of …
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S.&P., Moody's and Fitch have come under widespread criticism in the wake of the financial crisis. Questions have been raised about their business practices and whether their independent analysis was compromised in the pursuit of profit. During the …
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acquired by Bank of America in 2008 – sold to Fannie Mae and Freddie Mac just prior to the housing meltdown. The jury also found former Countrywide executive Rebecca Mairone liable for one count of fraud. Mairone, now a managing director at JPMorgan, …
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http://realestatemarketingthisweek.com – Real Estate Marketing – Have we hit the bottom of the Real Estate Market yet? – With Michael J Barnes, Brett Fallon …
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Still, getting a major indictment in the mortgage fraud case is a step in the right direction for the district attorney's office and the nascent recovery in the housing market. One of the aftershocks of this meltdown is the absolute lack of confidence …
… “Fabulous Fab” defrauded investors. Fabrice Tourre, formerly a mid-level employee at Goldman Sachs Group Inc., was found liable on Thursday in a civil trial on charges that he misled investors in a complex mortgage-backed security that imploded …
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Former Goldman Sachs Group Inc. (GS) Vice President Fabrice Tourre, accused of fraud for his role in a failed $1 billion investment tied to the housing market collapse, perpetrated a “very simple” scheme aimed at feeding “Wall Street greed,” a …