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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (95149)	10/2/2012 8:39:05 AM
From: Haim R. Branisteanu	1 Recommendation Respond to of 218709

To justify Professor L. Randall Wray and what he writes 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. nytimes.com

To: carranza2 who wrote (95149)	10/2/2012 9:16:17 AM
From: dvdw©	Read Replies (3) \| Respond to of 218709

Considering the Source, under the terms of RO/RS=CF This piece is significant. Motive and Opportunity....a state change or something else? Either way its a call for attention...Blowing its own horn in triumph or whistle blowing from a high level? Architects of contrivances........left out or even replaced in some important meetings? Lots to consider. Systems status check.......feedback

To: carranza2 who wrote (95149)	10/3/2012 1:36:49 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 218709

Will he succeed? I only hope so. Unfortunate it seems very political driven and not real justice “There are further losses being incurred,” according to Schneiderman, who called the case a “template” for cases against other issuers of mortgage securities. New York will use at least some of the money it collects from the suits to reimburse investors, Schneiderman said in the Bloomberg interview. “The investors who were defrauded deserve to get money back,” he said. “I don’t think there’s any dispute about that. This is a matter of doing justice. If anything, most folks in the U.S. think there were too few strings on the banks that were the recipients of the bailout and the recipients of taxpayer- backed loans.” bloomberg.com