They assign loans that were paid off in new tranches as new loans then sell them to the investors - another form of securities fraud - they get to keep all the money on the false note and the CDOs they sell to investors. Apparently there is no one from the gov checking to see if the assigments or securities are legit. I had told several attorneys about this when I discovered it on my assigments and they ignored me.
Posted on: Thu, 14 Nov 2013 17:19:09 +0000
Recently Viewed Topics
© 2015