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Thread: Chase Accused of Brazen Bankruptcy Fraud

  1. #1
    King Obama is a traitor! michaelr's Avatar
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    Chase Accused of Brazen Bankruptcy Fraud

    Chase Accused of Brazen Bankruptcy Fraud

    This places JP Morgan's fraud beyond the realm of a civil suit and jumps it right into the criminal action category. Photo shopping these trusts is by definition, counterfeiting as the trust lead to the MBS.

    Prison Jamie Dimon, now!

    Bakenie adds: "That said practice allows Chase to dump defaulted loans that were never properly securitized by WAMU and other originators acquired by Chase into private mortgage backed security trusts by creating the illusion of a valid transfer.

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    Love ya,,mean it. anonymous's Avatar
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    The people don't really care. Hell, they are frothing at the bit to re-elect the guy who refuses to let his justice department go after these guys. To hear the obama clan saying he reformed the banking system is laughable.

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    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by michaelr View Post
    Chase Accused of Brazen Bankruptcy Fraud

    This places JP Morgan's fraud beyond the realm of a civil suit and jumps it right into the criminal action category. Photo shopping these trusts is by definition, counterfeiting as the trust lead to the MBS.

    Prison Jamie Dimon, now!
    This should be a lead story on any national news network. First I heard of it. I used to be a Wamu/Chase customer moved my money to a Credit Union. These CEO's need to go to jail, and people wonder why the 99% are pissed off.

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    King Obama is a traitor! michaelr's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    This should be a lead story on any national news network. First I heard of it. I used to be a Wamu/Chase customer moved my money to a Credit Union. These CEO's need to go to jail, and people wonder why the 99% are pissed off.
    Yes it should.

    Good job moving to a credit union, but when the EU stops playing their games and the banks topple, please be ready to pull your funds. The credit unions are somewhat safe, but the doesn't last.

    They can't have this as a lead story because of the example you gave. Something else that you will not see covered is the leverage on US banks. I think it is 53 to 1. A small run disintegrates them.

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