Posted by 4closureFraud on July 26, 2010 · 4 Comments
Ahhh but I say yes it is. He claims that the abuse of securitization is to blame. Well, I say if it is abusable, then securitzation IS to blame. “Securitization is not the villain. Abuses in securitization are to blame,” Mr. Ranieri wrote. In Mr. Ranieri’s view, the practice he invented wasn’t the culprit in … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, bankruptcy, cdo, cds, conspiracy, criminal, Fannie Mae, foreclosure, Foreclosure Fraud, fraud, freddie mac, homeless, Lewis Ranieri, MERS, Michael Lewis, mortgage backed security, mortgage electronic registration system, Obama administration, predatory lending, Salomon Brothers, securities fraud, securitization, securitized, subprime, wall street fraud
