“We did not service the loan,” Mr. Dale said. “We did not originate the loan, and we were not the financial entity that placed it into foreclosure. Do you understand what a trustee does?” Editor’s Note: Well, Yes Mr. Dale, we do understand what a trustee does and can do —- nothing. So why are [...]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: foreclosures, derivatives, discovery, disclosure, trustee, SPV, REMIC, Goldman Sachs, mortgages, Los Angeles, forensic analysis, New York Times, conduit, U.S. Bank, Citigroup, securitized mortgages, Louise Story, research, UNIONS, STEVEN GREENHOUSE, labor union, Peter Dreier, Occidental College, Americans for Financial Reform, A.F.L.-C.I.O, Richard L. Trumka, private equity firms, Service Employees International Union, Richard Alarcón, Bank of New York Mellon, variable-rate bonds, Andy Stern, Alex Samuelson, Steve Bartlett, Financial Services Roundtable, S.E.I.U., Aramark, Lloyd C. Blankfein, Steve Dale, JPMorgan Chase, Richard K. Davis, Javier Morillo-Alicea, Minneapolis local, contingent agent, pool of loans | 2 Comments »
