Three of our largest Banksters are being sued by the City of New York. This is taking that settlement they just made for undertaking fraudulent mortages of 28 billion a step further.
New York sues 3 large banks!
Basically..suing for the way they traded mortgages like stocks within the MERS electronic filing system. That’s what made it so hard for all of us to comprehend what was going on! I suspect maybe we were not supposed tok know what was going on..that way it’s taken everyone longer to see how absolutely awful the mortgage/lender industry was handling and tanking the housing industry.