Tuesday, October 26, 2010

How Did the Banks Get Away With Pledging Mortgages to Multiple Buyers?

via Yves Smith's BLOG Naked Capitalism, by Washington’s Blog:
"I’ve repeatedly documented that mortgages were pledged multiple times to different buyers. See this, this and this."

Rest here, and the answers from "some of the leading experts on mortgage fraud – L. Randall Wray (economics professor), Christopher Whalen (banking expert with Institutional Risk Analytics), and William K. Black (professor of economics and law, and the senior regulator during the S & L crisis)"

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