Mortgage Companies Seek Time Travelers to Find Missing Documents

By William Hudson

Expecting the United States Government, a for-profit entity, to enforce its own laws against the banks will likely not happen. Numerous leaders and officials of the United States Inc. have already admitted that the banks write the rules. Since the 2008 collapse-the lack of response, the gross violations of due process and the overall impotence of the judiciary, law enforcement and regulatory agencies clearly demonstrates who the U.S. government caters to- and it is not the American homeowner or taxpayer.

Although law does not, at the present time, regard official or governmental corruption as a human rights violation there can be no doubt that inside corruption is as life altering an event as rape, robbery, discrimination or other acts deemed to be illegal and against public policy. Allowing a bank with no standing that has not paid a dime for a property, to foreclose with fabricated documents…

Law360, New York (July 1, 2016, 11:00 PM ET) — Citibank NA, Bank of America and dozens of other financial institutions were hit with a putative class action in New York federal court Friday by investors alleging a “massive conspiracy” to rig the prices of financial derivatives linked to Singapore’s benchmark interest rates.

The suit filed Friday by FrontPoint Asian Event Driven Fund and Sonterra Capital Master Fund stems from an investigation by the Monetary Authority of Singapore that found that 133 traders at 20 banks around the globe had attempted to manipulate submissions used to…

Source: Law360

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https://newrepublic.com/article/134722/foreclosure-sleuth

Deal Breaker:

Have you recently sold a product to clients that basically lost all of its value? Do you want to do something to help your investors but have received some pushback from management? Consider taking the following steps:

• Get your boss on the phone and get him talking about how he knows the investment is a real dog but doesn’t want to make a big deal of it; have a recording device secretly running the whole time
• Secure a gig at another bank
• Once you’ve settled in at the new shop, file a whistleblower complaint against your former employer
• Profit!

The Securities and Exchange Commission is preparing a civil enforcement case against Merrill Lynch over an investment that fell as much as 95% in value and was marketed in a way that one of the firm’s financial advisers called “borderline crooked,” people close to the probe said…With clients complaining after…

This election year has exposed widespread voter anger directed at Wall Street, and U.S. Attorney for the Southern District of New York Preet Bharara agrees that “to an extent, people are right about the system being rigged.”

“I think people have a right…given the track record of this office and other offices of exposing fraud, to be worried about that,” Bharara told ABC News’ George Stephanopoulos.

That track record of rooting out fraud has earned Bharara the nickname “Sheriff of Wall Street,” but he has also set his sights on the corruption plaguing New York’s state capital. Since taking office, he’s prosecuted cases against more than a dozen state officeholders.

“We have found that corruption is rife in a lot of institutions in New York and throughout New York. That’s true in the legislature,” he said. “It’s also the case that there’s corruption, we believe, in the executive branches…