U.S. Mortgage Fraud: The Next Chapter
Bullions Bull Canada) -- In the first decade of this century, the Wall Street crime syndicate perpetrated the
This initial crime wave was conducted in order to facilitate an even larger crime wave (by dollar value): the "securitization" of these fraud-tainted mortgages.
None of the ring leaders of this crime wave have even been charged, let alone prosecuted, let alone convicted. An estimated 60+ million U.S. mortgages (more than half of all outstanding mortgages) have been tainted by Wall Street mortgage fraud primarily through the invalid/illegal use of a private "land registry" known as MERS, or Mortgage Electronic Registration System, as opposed to the official/legitimate land title registry required by law.
The Wall Street fraud factories never even sought permission to bypass official registry requirements. They simply collectively and unilaterally
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