Sunday, October 17, 2010

Sorry Folks, The Put-Back Apocalypse Ain't Gonna Happen - CNBC

Sorry Folks, The Put-Back Apocalypse Ain't Gonna Happen - CNBC: "Because the politicians will not let the financial stability of the largest bank in the nation be threatened by contractual rights. Not when there’s an easy fix available that won’t cost taxpayers a dime.

Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act.

There’s a big difference between the financial crisis of 2008 and the new crisis. In 2008, banks were destabilized by the growing realization that they were over-exposed to the real estate market. Huge portions of their balance sheets were committed to mortgage-linked investments that were no longer generating the expected revenues or producing losses. That was a problem of economics that could only be solved by recapitalizing banks or letting some of the biggest banks in the U.S. fail.

The put-back crisis is not driven by economics. It is driven by legal rights. And there’s simply zero probability that the politicians in Washington"

2 comments:

leslie said...

5.SUBJECT: GOLDMAN SACHS EMBEZZLEMENT SCHEME – SECRET SECONDS

THE LATEST SCAM – ALERT!!! DO NOT WAIT FOR THE FORECLOUSRE MILLS, SERVICERS OR LENDERS TO GIVE YOU FORECLOSURE DOCUMENTS OR ASSIGNMENTS – THEY ARE NOT GIVING YOU EVERYTHING – ORDER A TITLE SEARCH OR GO TO YOUR COUNTY RECORDER TO SEE WHATS BEEN RECORDED ON YOUR PROPERTY. WE DID AND THIS IS WHAT WE FOUND:

In May 2005 we deposited and invested $200,000 in Real Property, where we recently found out that $118,800 was embezzled out of our property from Mortgage Lenders and Trust Brokerage Companies, namely Goldman Sachs through an escrow Transaction. The $118,800 in funds was paid to these embezzlers from the Investors unbeknownst that the securitization happened by encumbering our property and making up a fraudulent fake Promissory Note and Deed of Trust.

See the link for further information: https://fdaaccount.box.net/shared/a1pjz9sz5c

Or visit my blog at http://bushnellcomplaint.blogspot.com/

Darla said...

You are totally right about getting the records yourself. ALSO you should get document examination. I will go to your blog. I would love to know how you found the security transaction. Often it is very difficult to find just the pooling and service agreement let alone the trust that the "notes" were sold to.

KUDOS to you for finding out the truth. What is happening in America is scandalous!!!! As the article said I am terrified what will happen in america if legalities are covered up and sugarcoated.

NEWS HEADLINES

Followers