It’s pretty obvious to anyone studying securitization in foreclosure defense that the mortgage-backed securities scheme is fraught with fraud and teetering on the brink of disaster.
And when the next crisis happens it will be a non-partisan financial force majeure.
Affirmations have been coming out more recently by those fed up with the dealings of Wall Street’s greed and fear operations. This post by John Meyers in Personal Liberty rings all too true. Continue reading →
As the Wall Street mortgage-backed securities fraud collapsed the United States economy Florida began to get hammered. Heavily weighted in Florida loans, targeted Florida homeowners of these failing trusts were the first to feel the brunt force of foreclosures.
From the financial force majeure grew a group of “warriors” that knew something was wrong and they began combing the county records for clues. Among the first of the warriors was Lisa Epstein, an oncology nurse in Palm Beach County, Florida who started noticing something new — and unsettling — as patients talked about their struggles. Not only were her patients and their families coping with a serious diagnosis and the cost and side effects of treatments, but more and more of them were also facing the loss of their homes. Continue reading →