Power of Story Send a Tweet        
Best Web OpEds

How America's Biggest Bank Paid Its Mortgage Crisis Fine With Phony Mortgages!

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink

Related Topic(s): ; ; ; , Add Tags  

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H3 10/6/17

Author 40790
Become a Fan
  (20 fans)

'

From flickr.com: Fraud Key | Fraud on Keyboard Please feel free to use this i | Flickr1024 Ã-- 648 - 136k -
Fraud Key | Fraud on Keyboard Please feel free to use this i. | Flickr1024 -- 648 - 136k - jpg
(Image by flickr.com)
  Permission   Details   DMCA

'JPMorgan, it appears, was running an elaborate shell game. In the depths of the financial collapse, the bank had unloaded tens of thousands of toxic loans when they were worth next to nothing. Then, when it needed to provide customer relief under the settlements, the bank had paperwork created asserting that it still owned the properties. In the process, homeowners were exploited, investors were defrauded and communities were left to battle the blight caused by abandoned properties. JPMorgan, however, came out hundreds of millions of dollars ahead, thanks to using other people’s money.The alleged fraud is described in internal JPMorgan documents, public records, testimony from homeowners and investors burned in the scam,now being heard in US District Court in NYC.' 

Read the rest of the story HERE:

At billmoyers.com

 

- Advertisement -

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

Other Series: View All 114 Articles in "Economics and the propaganda/lies"

Other Series: View All 228 Articles in "FRAUD & Mendacity."

Other Series: View All 563 Articles in "Public ignorance & those who use this"

Other Series: View All 446 Articles in "Shameful"

Other Series: View All 104 Articles in "WEALTH"

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -