Comments on: Did Bankster’s Crash the Stock Market to Send a Message to Congress?

By: stopGOVTwaste

stopGOVTwaste — Tue, 11 May 2010 01:32:04 +0000

If these guys were MEN they would step up and answer some basic questions!

By: stopGOVTwaste

stopGOVTwaste — Tue, 11 May 2010 00:07:30 +0000

email: robert.partlow@suntrust.com & sterling.edmunds@suntrust.com & ask them all about SUNTRUST’S warm and fuzzy television commercials… oh yeah, don’t forget to mention that BEARS STEARNS ASSET BACKED SECURITIES 1 LLC (depositor) series 2006 1-F was involved in MY loan and that the MULTIPLE COPIES OF THE NOTE & FAKE AOM will not hold up in court!

You seriously want me to believe that SUNTRUST MORTGAGE didn’t SECURITIZE THEIR LOANS??

…so all of the calls to Ms. Pauline Tracy: 804-291-0310 (Exec Asst to Mr. Sterling Edmunds – CEO of SunTrust Mortgage) lead me to NOWHERELAND??

How about you call Mr. Robert Partlow: 804-291-0949

& ask him about Suntrust’s involvement in the BEAR STEARNS ASSET BACKED SECURITIES 2006 issuance and see if they can supply you with an XL spreadsheet containing the loans (2,000+) that were supposedly registered in the trust (if the trust even existed – NOT a “dark” trust) and see what they say!

Suntrust Corporate Library – SUE MILLER: 804-782-7452

LOST NOTE? COME ON BRO… WHO ARE YOU FOOLING???

By: Michael

Michael — Mon, 10 May 2010 19:48:59 +0000

This isn’t a conspiracy theory. In the book House of Cards Jim Cayne, chairman and effective head of Bear-Stearns, prodded the Board of Directors to tell JP Morgan to jump in a lake so they’d get a bailout; he wanted to show them what’d happen if they crashed the system. Instead the Board took the $2/share offer, eventually bumped to $10/share. Lehman tried the same and folded. The fallout from Lehman’s failure was enough to get Congress to fork over trillions in direct and indirect corporate welfare with no strings attached.

Of course we’ll never know what would have happened if we’d just let all the rest collapse then let new creditors purchase the liquidated assets — all the debt swooshing around — at market value (at one point about 4-7% of face value) then renegotiate terms that the borrowers were able to make. So they would have bought a $500K mortgage for about $35K then renegotiated it for $70-100K making a killing and allowing the debtor to keep their home. A win/win for real banks and debtors but a major loss for the original investors; the only group who knew for sure the risks involved.

That’s how the free market is supposed to work; not one-side gets a giant bailout and holds the other to the original financing terms as if their existence wasn’t due to a massive amount of tax money financing their ability to function.