it is to fraudsters like this YOUR money is going!
How the NY AG built his RMBS case against JP Morgan for Bear Stearns Sins « TERI BUHL
Bear Stearns whistleblowers were on the record saying they were directed to make up loan level detail for the mortgage bond raters. From there I broke news again at The Atlantic in January 2011 detailing how Bear’s own internal documents showed the RMBS traders, under Tom Marano, were literally stealing billions from the clients they’d sold the mortgage bonds to via a double dipping scheme.
The documents to outline the double dipping by Bear traders was discovered by PBWT attorney Eric Haas – who has also an accounting background. It was this evidence that enabled him to add a fraud claim, that survived a motion to dismiss, to Ambac’s suit and year and a half later JP Morgan had to admit in their regulatory filings for shareholders that they were now looking at $120 billion in possible RMBS fraud and putback suits. These additional suits filed by the FHFA for the GSE’s and tons of other mortgage investors would have never happen if PBWT hadn’t been first to do the gritty research and detail to build their claims against $JPM/$BS/$EMC.
Didn't see the program last night, but thought the thread was about Product Placement in the latest 007 film.
There is no commitment to either growth or jobs. it's simply about asset stripping.
As Donnelly put on his bn e note 1bn = 2( value state forestry)
Bord gais for sale next year.
All profitable state assets nd companieswill be sold for next to nothing.
in around about way we swop profitable asstes for dead banks.
I think that this government and the last have slavishly being loyal to Europe at all costs.
The hope seems to be that the €65bn that was “invested” into the banks to pay back bondholders and give the banks capital reserves will be in someway taken over by the ECB.
It is a high risk strategy and if the ECB do not pony the money up all the traditional main parties will have to live with putting that €65bn onto generations of Irish citizens.
What makes you think they care two hoots about future generations.
They just want to keep the system ticking until they walk with their pensions like
Cowen and Bertie.
We just saw how annoyed they were with Roisin Shortall for rocking the system.
They just want to forget she ever existed never mind what she said,
So she's actually not doing a good job and when you consider the delay in appointed a head to the Suicide Prevention Quango, she's actually doing a p1ss poor job.However, the €35m budget allocated for Mental Health.....was ringfenced...but is now unringfenced.
"She asked and requested....she is someone else from the Department of Health who has been sent over to play
with her toys in the corner." - Glenna Lynch