The tip of the iceberg of the housing crisis is coming out.
Not only did the mortgage companies falsify classification/
gradings of these mortgages...not only did wall street hide the
fact that they sold shit mortgages all over the world...not only
did the servicers not really know who owned the mortgages/paper...
but now we're seeing that they were totally inepet in doing the
legal paperwork correctly in the foreclosure process ( banks
were being paid for mortgages they really didn't own)....
but now we're seeing the freezing of the real estate market
for another 2 years.
MTL (mass tort litigation) firms are already planning massive
lawssuits against the banks who foreclosed on homeowners
illegally. And from my information...60% of the foreclosures
were done without proper due diligence.
OBAMA....JUMP ON THIS ISSUE. TELL AMERICANS WHAT YOU WILL DO TO
SOLVE IT. PUT HOLDER ON FULL SPEED WITH INVESTIGATORS ON HOW THIS
MESS HAPPENED. OBAMA AND THE DEMS CAN LAY THIS AT THE REPUBLICANS
FEET....WE MUST RETAIN CONTROL OF THE HOUSE AND THE SENATE...
OBAMA...USE YOUR BULLY PULPIT TO SOLVE THIS HUGE DEMANDING PROBLEM.