Trump's Fed Now Buying Junk Bonds

[georgephillip]

Feel free to cut and paste the part where it said robo-signing means the evicted were current on their mortgages.

Robo-signing fraudulent affidavits works for you?
Sure, it does.

Mnuchin Lied About His Bank’s History of Robo-Signing Foreclosure Documents

"The robo-signing scandal involved mortgage companies having their employees falsely sign hundreds of affidavits per week attesting that they had reviewed and verified all the business records associated with a foreclosure — when in fact they never read through the material and just blindly signed off.

"Those records, in many cases, were prepared improperly, but the foreclosures went ahead anyway because of the fraudulent affidavits."

 

[Toddsterpatriot]

Feel free to cut and paste the part where it said robo-signing means the evicted were current on their mortgages.

Robo-signing fraudulent affidavits works for you?
Sure, it does.

Mnuchin Lied About His Bank’s History of Robo-Signing Foreclosure Documents

"The robo-signing scandal involved mortgage companies having their employees falsely sign hundreds of affidavits per week attesting that they had reviewed and verified all the business records associated with a foreclosure — when in fact they never read through the material and just blindly signed off.

"Those records, in many cases, were prepared improperly, but the foreclosures went ahead anyway because of the fraudulent affidavits."

"Those records, in many cases, were prepared improperly, but the foreclosures went ahead anyway because of the fraudulent affidavits."

Yup, some people who defaulted on their mortgages were foreclosed on with robo-signing.

 

[georgephillip]

Yup, some people who defaulted on their mortgages were foreclosed on with robo-signing.

"'Did OneWest ‘robo-sign’ documents relating to foreclosures and evictions?' Sen. Bob Casey, D-Penn., asked Mnuchin as a 'question for the record'.

"Mnuchin replied that “OneWest Bank did not ‘robo-sign’ documents, and as the only bank to successfully complete the Independent Foreclosure Review required by federal banking regulators to investigate allegations of ‘robo-signing,’ I am proud of our institution’s extremely low error rate.”

"But even that review – which was not really so 'independent,' since the banks hand-picked and paid for their own reviewers – found that nearly 6 percent of the OneWest foreclosures examined were not conducted properly."

Mnuchin Lied About His Bank’s History of Robo-Signing Foreclosure Documents

 

[Toddsterpatriot]

Yup, some people who defaulted on their mortgages were foreclosed on with robo-signing.

"'Did OneWest ‘robo-sign’ documents relating to foreclosures and evictions?' Sen. Bob Casey, D-Penn., asked Mnuchin as a 'question for the record'.

"Mnuchin replied that “OneWest Bank did not ‘robo-sign’ documents, and as the only bank to successfully complete the Independent Foreclosure Review required by federal banking regulators to investigate allegations of ‘robo-signing,’ I am proud of our institution’s extremely low error rate.”

"But even that review – which was not really so 'independent,' since the banks hand-picked and paid for their own reviewers – found that nearly 6 percent of the OneWest foreclosures examined were not conducted properly."

Mnuchin Lied About His Bank’s History of Robo-Signing Foreclosure Documents

It's awful!!! Just terrible!!!!

Several people who were defaulting on their mortgages were foreclosed on in a sloppy, fraudulent manner.

No one should ever be foreclosed on, eh comrade?

 

[georgephillip]

It's awful!!! Just terrible!!!!

Several people who were defaulting on their mortgages were foreclosed on in a sloppy, fraudulent manner.

No one should ever be foreclosed on, eh comrade?

Not until the thieves on Wall Street die in prison.

American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout

"The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers.

"They are going to last longer than they did during the 2008 financial crash.

"The New York Fed’s Term Asset-Backed Securities Loan Facility (TALF) will last three years.

"The Primary Market Corporate Credit Facility (PMCCF) will last for four years and buy up investment grade as well as junk-rated corporate bonds to shore up the balance sheets of mega banks on Wall Street.

"The Secondary Market Corporate Credit Facility (SMCCF) will last for five years, buying up everything from investment grade to junk corporate bonds as well as junk-rated exchange traded funds (ETFs)

How will you profit from Covid-19?

 

[Toddsterpatriot]

It's awful!!! Just terrible!!!!

Several people who were defaulting on their mortgages were foreclosed on in a sloppy, fraudulent manner.

No one should ever be foreclosed on, eh comrade?

Not until the thieves on Wall Street die in prison.

American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout

"The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers.

"They are going to last longer than they did during the 2008 financial crash.

"The New York Fed’s Term Asset-Backed Securities Loan Facility (TALF) will last three years.

"The Primary Market Corporate Credit Facility (PMCCF) will last for four years and buy up investment grade as well as junk-rated corporate bonds to shore up the balance sheets of mega banks on Wall Street.

"The Secondary Market Corporate Credit Facility (SMCCF) will last for five years, buying up everything from investment grade to junk corporate bonds as well as junk-rated exchange traded funds (ETFs)

How will you profit from Covid-19?

There was no national emergency of any kind to warrant bailing out Wall Street. But within 24 hours the New York Fed had pumped $53 billion to the trading houses on Wall Street. No questions asked. No clogged phone lines. No paperwork to fill out. No standing in lines. No asking Congress for a vote. Just $53 billion created out of thin air by the New York Fed and instantly funneled out to Wall Street’s trading houses with the push of an electronic button.

I agree, overnight loans are outrageous!!!! LOL!

The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers. They are going to last longer than they did during the 2008 financial crash.

Loans that will be paid back. Are you going to pay back your benefit?

Congress saw fit in the CARES Act to provide $454 billion of taxpayers’ money to go into this alphabet soup of Wall Street programs to backstop any losses they suffer.

That's to backstop the Federal Reserve.

Once again, just as in 2008, Wall Street has privatized the profits for the one percent and now the losses will be socialized to workers

Nah.

 

[georgephillip]

Loans that will be paid back. Are you going to pay back your benefit?

At what rate of interest?
If I use my benefit to buy a new computer, I'm contributing to the productive sector of the economy as opposed to the FIRE (parasite) sector.

America’s FIRE Economy

 

[Toddsterpatriot]

Loans that will be paid back. Are you going to pay back your benefit?

At what rate of interest?
If I use my benefit to buy a new computer, I'm contributing to the productive sector of the economy as opposed to the FIRE (parasite) sector.

America’s FIRE Economy

At what rate of interest?

Depends.

If I use my benefit to buy a new computer, I'm contributing to the productive sector of the economy

How unlike you.