.......Make your eyes bulge .....will I.....Hmm?
...... Much to learn you still have.....
.insider documents.....bring Yoda.....a must read....

All is possible...........Justice and weapons,..... I carry.......
Kryptonite........ strike deep into the dark  hearts of the evil bankers....... it will........

This is just the beginning! ............The Force is with you!

 



NY Attorney General Eric Schneiderman is suing JPMorgan over "multiple fraudulent and deceptive acts" in selling mortgage-backed securities causing losses of over $20bn.

The complaint contends that Bear Stearns and its lending unit EMC Mortgage defrauded investors who purchased mortgage securities packaged by the companies from 2005 through 2007. The firms made material misrepresentations about the quality of the loans in the securities, the lawsuit said, and ignored evidence of broad defects among the loans that they pooled and sold to investors.

Moreover, when Bear Stearns identified problematic loans that it had agreed to purchase from a lender, it was required to make the originator buy them back. But Bear Stearns demanded cash payments from the lenders and kept the money, rather than passing it on to investors, the suit contends.

The action does not focus on a particular deal that harmed investors or an individual who was central to a specific transaction. Rather, the suit contends that the improper practices were institution-wide and affected numerous deals during the period.

Affidavit of Whistleblower from Clayton + Watterson Prime (Mortgage Due Diligence Firm) in Ambac vs. EMC

 

 

DTI = Debt to Income  LTV = loan to Value  CLTV =  all Client Loans to Total Value

Evil Bankers ......over confident are they,.......

..... the Force of Justice,....... is with us,....... once initiated............ what a powerful ally it be....

....  the very foundations strike we.....an Kryptonite missile launched be , .......targeting the Evil Empires very core .......impaired it be.......

Powerful you have become,.........use the Force wisely.....