"If one of your tellers took a handful of $20 bills out of the cash drawer, they'd probably be looking at criminal charges," Warren tells the bank's CEO.
Dayen's new book explores the criminal conspiracy that destroyed the lives of millions
What Really Happened When You Get a Mortgage?
Does your so called lender actually owe you the money which YOU created – back?
To see what is really going on with mortgages and YOU are the only one brining in the value to the transaction, so let’s start with the so called “loan” application to open an “account’. On that application you are required to provide the PERSON’s SSN (the ALL CAPS NAME ENTITY with that NAME and SSN you have been using your whole life), and other identifying information. However, to create the promissory note curiously does not require that information…because you and your magical signature are the provider of the funds, which then re-appears as a credit coming in from the bank at closing. Follow the link below for more...