OHIO ATTORNEY GENERAL SUSPECTS 'THOUSANDS' OF CASES OF FORECLOSURE FRAUD

http://stopforeclosurefraud.com
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Ohio's Cordray Interview About Lawsuit Against Ally
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Oct. 6 (Bloomberg) -- Ohio Attorney General Richard Cordray talks about the state's lawsuit against Ally Financial Inc. Ohio's suit alleges that Ally's GMAC mortgage unit violated state consumer law and committed fraud by filing false affidavits in foreclosure proceedings. He talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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LINK: http://www.bloomberg.com/news/2010-10-06/cordray-suspects-thousands-of-fraudu...
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Category:

News & Politics

Tags:

• ohio
• foreclosure fraud
• mers
• assignment of mortgage
• affidavits
• robo signers
• richard cordray

[itillbeme]

Do you know what this means? Here goes my stab at it. The 700 Billion bailout ended up buying the Wallstreet banks bad assets. These same banks are the ones who committed the fraud stated in the video. These banks sold these illegal mortgages to investors as good AAA credit investments they then bet against this investment knowing the mortgages would not be able to be paid back. They got paid again with the govt. bailout. This is a Rico conspiracy of unprecedented proportions.

[zeno57]

@ComancheChiefSD ;;I have noticed that people who fight them die,,like the bloomberg reporter who sued the fed to get info on the bailout,,heart attact?They r like money vampires,they will suck us dry.

[anonwoohoo]

Why do we have public officials handling these cases? Do we really need a consumer protection agency? Can't consumers and private attorneys handle this kind of thing?

[Karmahinc]

wow!!!! Sue there asses!

[Shockofsanta]

@itillbeme Ahh, and you miss the biggest part of the scam. They sold the mortgages as those AAA investments.. They dont own the house anymore. If its foreclose then they steal it back. A family gets kicked out, and stuck with a bill for all sorts of fees and bs.

This is free market capitalism??? Insane.

[ComancheChiefSD]

2:30

Aaahhh!!! Poor banks!

They fucked the entire system... intentionally!

Just like described in The Protocols of the Learned Elders of Zion!!!