FORECLOSURE/ MBS FRAUD 101. MBS investors calling lawyers!

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Uploaded by on Oct 23, 2010

http://stopforeclosurefraud.com

Christopher Whalen, managing director of Institutional Risk Analytics, talks with Bloomberg's Mark Crumpton about the impact of U.S. mortgage foreclosures on banks and the housing market and the outlook for the economy.

Whalen is author of the book "Inflated: How Money and Debt Built the American Dream." (Source: Bloomberg)

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  • I just read at zero hedge that goldman sachs has reported an upcoming need for more than 4 trillion.this is no bailout for main street. More money for wall street to cover their crimes. commodities are taking off. How soon before we cannot afford to buy groceries, tomorrow? will there be groceries to buy?

  • I don't think anyone is going to feel one least bit of sympathy for these disgusting banks who have been screwing and enslaving us all with their incomprehensible fraud! For once, those fat hog CEO's are probably worrying their asses off, instead of eating and gloating on their multi-million dollar bonuses!

  • it's Main Street's bailout.

  • Holy smokes... this is unreal. What this guy is saying is that potentially every home mortgage that has been securitized is potentially foreclosure proof. And more importantly, the title of these homes - even of owners who are not delinquent - is clouded - that is no one knows who actually owns the property?! Now what???

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