https://4closurefraud.org/2010/07/15/oregon-sues-countrywide-over-pension-fund-losses-associated-with-risky-mortgage-backed-securities/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Tue, 28 Feb 2012 23:27:05 +0000 hourly 1 https://wordpress.org/?v=7.0.2 https://4closurefraud.org/2010/07/15/oregon-sues-countrywide-over-pension-fund-losses-associated-with-risky-mortgage-backed-securities/#comment-344245 Tue, 28 Feb 2012 23:27:05 +0000 https://4closurefraud.org/?p=7526#comment-344245 I find it really interesting that anyone would invest anyones pensions in a risky market. That why investors have to read the really, realy small print, it say “its really realy risky and you can’t hold the seller of “risky” bet responsible if anything goes wrong. I used to work at the CME and Board of trade in Chicago and thats how it works, if you lose, well then, you lose. Thats why all investments on Wall Street are RISKY. You don’t go to the casino and lose all your money and go to the management and ask for your money back. You don’t buy a losing lottery ticket and ask for your money back, hell it’s not even tax deductable!

]]> https://4closurefraud.org/2010/07/15/oregon-sues-countrywide-over-pension-fund-losses-associated-with-risky-mortgage-backed-securities/#comment-3254 Thu, 15 Jul 2010 18:24:46 +0000 https://4closurefraud.org/?p=7526#comment-3254 Interesting; they mention families but their “stand” doesn’t seem to have broad state-based foreclosure legislation to slow down their train wreck. It seems to be focused on the public employee pension funds, and the verbiage almost looks like they’re using homeowners to garner sympathy while doing nothing at all to shield homeowners form the practices outlined. If I didn’t know better I may even think it sounds hypocritical. I’m sure that government employees wouldn’t throw homeowners under the bus or use them as pawns to increase the holdings of their own pension funds.

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