It doesn’t have to be this way. Stop the fraudsters. Stop the foreclosures. There should be an immediate 5 year Country-Wide moratorium on foreclosures. Investigate the fraud. Jail the fraudsters. Put the biggest banks into receivership. Begin to clean-up the document mess created by the banks and MERS (the banks lost or destroyed all the records of property ownership). Our economy will not recover until this is done.Economonitor — Great Leap Forward
Setting the Record Straight One More Time: BofA’s Rebecca Mairone Fined $1Million; BofA Must Pay $1.3BillionL. Randall Wray | Professor of Economics, University of Missouri at Kansas City
Crossposted at New Economics Perspectives
1 comment:
BOA rigged my business line of credit interest rate. Intro letter states WSJ prime plus 4.25% margin. When interest rates dropped during year 2008-2010 my LOC stayed at peak.
Meanwhile they rigged the LIBOR to
Fall so they BoA would not have to pay the municipalities the CDO swaps
Win win
Baseball hotdogs apple pie
And LIBOR rigging.
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