Banks Sold The Same Mortgages To Multiple Investors!


No, They Didn’t Sell The Same Thing Twice….

Oh wait…. they did!

It appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies.

There’s only one profession where that takes place on a routine basis and doesn’t involve ripping someone off – prostitution – where you can sell something and still have it.

In banking and finance, however, selling the same thing to two people is rank fraud.  And yet this very event is being alleged by one of the banks that claims Foreclosuregate is just a “technicality” – Bank of America – in the below filing.
Boa Answer to Freddie Objection in Re Taylor Bean & Whitaker Mortgage Corp.

And here I thought that all the missing paperwork and “re-created” foreclosure documents were all a mistake, and not an attempt to cover up something nefarious that happened earlier?

Gee, you mean I was right three years and change ago, and despite the protests otherwise by bank executives on CNBS and other “mainstream media” outlets they are in fact filing court process agreeing with me, meaning that they’re intentionally LYING on national television?

Hattip Washington’s blog.

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