Financial fraud in the mortgage market 1.

Catherine Austin Fitts talks about it in 2004.
As President of Solari, Inc., Catherine is currently spearheading the Solari Circles Campaign to help make healthy local living economies the best investment worldwide.

Catherine previously served as Managing Director and Member of the Board of Directors of the Wall Street investment bank, Dillon, Read & Co., Inc. She also served as Assistant Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Administration, and was the President and Founder of Hamilton Securities Group, Inc., a broker-dealer/investment bank and software developer that successfully completed $12 billion of transactions and $500 billion of portfolio strategy prototyping the solari model. Catherine has a BA from the University of Pennsylvania, an MBA from The Wharton School, and studied Chinese at the Chinese University of Hong Kong. Catherine serves on the advisory board of Sanders Research Associates in London, and publishes the column Mapping the Real Deal in Scoop Media in New Zealand.

http://www.financialsense.com/Experts/2004/AustinFitts.html
http://www.scoop.co.nz/stories/HL0310/S00223.htm

Category:

News & Politics

Tags:

• Fannie
• Mae
• Freddie
• Mac
• HUD
• Barnenke
• Paulson
• Bush

[spectrum2000now]

Catherine should reveal this scam much earlier as soon as she finds out the fraud. But anyways, hopefully at this point of time we can are able to learn from the terrible experience. The positive effect of the past crisis that people are now much aware about financial industry.

[madashelldude]

@spectrum2000now She did, she was sued and prosecuted for it, she lost most of her money defending herself against wall street.

[kmarinas86]

Ideally, property valuation should all be linear depreciation. Linear depreciation of land-based property is in fact foretold in the Jubilee, "[T]he seller shall charge you ONLY FOR the REMAINING crop YEARS. If the YEARS are MORE, you shall INCREASE the price, and if the YEARS are FEWER, you shall DIMINISH the price; for it is a certain number of harvests that are being sold to you." Consistent use of linear depreciation of property can replace the needless instrument that we call "home equity".

[ohboymaestro]

Catherine is so intelligent and it's no secret that there was fraud in the mortgage sector, however, she explains how it happened and why.....

[shafroman81301]

@silverhawks Because the criminals that she is exposing run the governments of almost every nation in the world. So even if she got on primetime network news, no one would do anything because they'er afraid of them.

[centurion180ad]

Al Capone or Herman Goering, were both clever guys.

Clever guys, are better known by other terms that are both accurate & descriptive.

Thief. Felon. Pirate. Gangster. War Criminal. Mafioso. Mass Murderer. Plunderer.

[centurion180ad]

Ms. Fitts said, I was convinced that there was a tremendous opportunity to finance neighborhoods and places and securitize small business and small real estate income and finance in the equity markets.

She was mistaken because the mass murdering Debt Syndicate is flying around exterminating populations, pushing dope, assassinating government officials and our own military officers, to plunder the planet and launder profits of Crimes Against Humanity through HUD and corporation coffers.

[BlacksAreBeautiful]

all great leaders were once great followers...there is no shame in following, but there is shame in blindly following...Not everyone is built to lead and there is no shame in that!!!

[OrfeoTreshula]

....Regardless of any guilt he incurs through having incorrect ancestry, have you read him yet? All our sparing will be immaterial when you see how truly good and brilliant Byrne himself is, regardless of genetic taint. Honestly, if you see Fitts's genius, you'll appreciate Patrick Byrne as well.

If I may philosphize (the gall!), our principles should be based upon our experiences, which of all things are the most trustworth base for making judgments. Experience Byrne first, then....