Comments on: Crisis Mismanagement | How America Bailed Out The Banks Rather Than Its Citizens https://4closurefraud.org/2012/11/01/crisis-mismanagement-how-america-bailed-out-the-banks-rather-than-its-citizens/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 15:07:44 +0000 hourly 1 https://wordpress.org/?v=7.0.8 By: Bill Paatalo https://4closurefraud.org/2012/11/01/crisis-mismanagement-how-america-bailed-out-the-banks-rather-than-its-citizens/#comment-404632 Thu, 01 Nov 2012 15:40:51 +0000 https://4closurefraud.org/?p=54963#comment-404632 Last paragraph – “Oddly for a financial expert, Ms Bair repeatedly writes that banks “hold” equity when they actually sell it to investors.”

Folks, this is what happened with all of the WaMu securitized loans. WaMu sold the loans to the trusts but never delivered the goods. This is why Chase takes the contradictory position that it retained WaMu’s servicing rights AND acquired the assets as part of the PAA. Can’t have it both ways. The OTS and FDIC could not sell to Chase that which WaMu DID NOT OWN!

Bill Paatalo
Private Investigator
BP Investigative Agency

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