The Wall Street Bailout Didn’t End In 2008

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The Wall Street Bailout Didn’t End In 2008

The 2008 financial crisis was the most disruptive political event yet experienced in the 21st Century, but even for professional bank dorks, the material can get pretty dry. So it’s refreshing when authors can offer up strong character-driven narratives to make key elements of the crash accessible. With his first book, Chain of Title, journalist David Dayen joins Michael Lewis (The Big Short) and Andrew Ross Sorkin (Too Big To Fail) as a master of this technique. Dayen follows three homeowners — cancer nurse Lisa Epstein, car salesman Michael Redman and insurance fraud expert Lynn Szymoniak — as they struggle to fend off foreclosure. In the process, all three discover that their banks may be in bigger trouble than they are.

But where other writers have described the meltdown as a colossal mistake, a failure of ideology or a collective delusion, Dayen emphasizes another aspect of the crash: it was illegal. In doing so, he has produced what may be the most important book about the financial crisis to date.

By studying the documents in their own mortgage cases, Epstein, Szymoniak and Redman noticed some glaring irregularities. Signatures on key documents appeared forged. Official dates on those signatures were off by months or even years. Entire documents are clearly fabricated.

Rest from the Huffington Post here…


2 Responses to “The Wall Street Bailout Didn’t End In 2008”
  1. mike Drouin says:

    The Mortgages were a LIE to begin with !! It is an illusion of ownership ! All the sub prime Alleged lenders didn’t lend you a dime and it was hidden from everyone . The Alleged Loan numbers on your bogus mortgage Statements from day one are SERVICING NUMBERS , because the entity was servicing the loan created between you and the Investors who paid forward into a CONDUIT . It was table funding and the Banksters played both ends against the middle . It is double dipping fraud . What they did with your Promissory note is against the Law and is called , THE INTENTIONAL TORT OF CONVERSION . Because they brokered a securities contract instead of a Mortgage and without your permission , its FRAUD IN THE FACTUM and you have a right to RESCIND the Bogus mortgage contract . Conversion is just a nicer word for THEFT and taking your personal property (note) and using it as if it was theirs , is a criminal act !!!!!

    • mike Drouin says:

      So after the initial lie was told , it took multiple lies to cover up what they did . That’s why you have all the fraudulent paperwork following the bogus Mortgage contract . You have to lie , to cover for the lie , to cover for the lie , and so on…… Two things to know , you have a possessory right in the Note ! That is considered paper chattel ( personal property ) was created for one purpose and one purpose only , a promise to pay , not sliced into GOD knows how many securitized certificates and sold to investors without your knowledge and permission !!! And two , You have a proprietary interest in the asset ( HOME ) that gave value to the certificates that were sold behind your back and without your permission …. ( Asset backed securities ) This gives you a right to the OBCENE PROFITS they made !!!! SUE for that money !!!!

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