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Wells Fargo and EMC Mortgage Corp. are heinous perpetrators of mortgage servicing fraud - www.ftc.gov:80/opa/200...
Jan 19 15:17 pm
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All Comments by MutantCapitalism »What Should the 'Aggregator Bank' Do with All Those Troubled Assets? [View article]
They are among many egregious servicers manufacturing bogus defaults, i.e. stealing homes in order to rig CDS bets for big 'credit event' payouts. Take a good look at origin of ABX subprime index, CDS IndexCo and IIC International Index Company Limited consortiums, now Markit Partners and tell me this game wasn't 'fixed' from the get go. There are no firewalls betweening trading desks and subsidiary servicers making this the biggest insider trading scheme of all time. All participants must be prosecuted and these abuses stopped if we ever hope to regain any semblance of trust at all.