Loan origination fraud, sub-prime mortgages and foreclosure fraud dominates the discourse when it comes to the mortgage loan meltdown that started in 2008 with Lehman Brothers filing for bankruptcy protection.
As James O’Toole reports below, the IRS settlement with UBS amounted to $780 million and the whistleblower Bradley Birkenfeld received $104 million.
We are huge fans of Neil Garfield and his Living Lies Site–This is just too good not to post it in it’s entirety.
We decided to publish one of yesterday’s entire blogs from naked capitalism — guest blogger George Washington did a thorough, well sourced, job of identifying the elephant in the living room that underpins our slide into the financial abyss.
The strange code associated with the callers mortgage on the Today Show was WFALT 2007 PA2.
A paltry $4.5 Million has been paid out to whistleblowers since the new whistleblower legislation took effect in December of 2006.
Finding your loan in the sea of securitization vehicles is no easy feat and requires training and access to sophisticated software.