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Stipano, who told us by letter on Jthat he had 450 pages of responsive material but it was not going to be released to us or the public. The man who denied Wall Street On Parade’s appeal is Daniel P. JPMorgan Chase pockets the life insurance money each year.
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Profiteering on Banker Deaths: Regulator Says Public Has No Right to DetailsĪ man with a long history of keeping big bank secrets safe from the public’s prying eyes has denied the appeal filed by Wall Street On Parade to obtain specifics about the worker deaths upon which
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Voir dire and cross examination they know nothing in their personal knowledge and are therefore only giving voice to what is contained on the reports he brought to trial - classic hearsay to be excluded from evidence every time.
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So they get a professional witness who testifies he or she is “familiar with the record keeping” at one servicer, but upon The records custodian knows the documents were faked, never delivered, and not in the possession of the foreclosing party. The reason the records custodian of the Bank or servicer doesn’t come into court or at least certify the “business records” as an exception to hearsay as permitted under Florida statutes and the laws of other states, is that no records custodian is going to risk perjury. Indeed we have seen court cases where both foreclosing parties tendered the “original” note to the court as part of the foreclosure process, as is required in Florida. Now they even the the technology to deliver what appears to be an “original” note to as many people as they want. Loan, and create sales and disguised sales over and over again on the same loan, the same loan pool, the same mortgage bonds, the same tranche, or the same hedges. Since the paperwork went into the equivalent of a food processor, theīanks were able to change various data points on each How the Banks Literally “Made” Money Out of Nothing Those plans and other movements in the case were put on hold Thursday, when, according to online court records, an order was entered by Racine County Circuit Court Judge Gerald Ptacek staying the matter until the foreclosure lawsuit is resolved. Plans were being made for a jury trial in the case as early as November, according to online court records. Two Project New Life properties in foreclosureĪ local nonprofit that was given federal funds to fix up and sell an inner-city house has allegedly defaulted on its mortgages and a lawsuit over the matter could cost it and a church their home. They cast aside underwriters, eliminated quality controls, incentivized unqualified personnel to cut corners.” “Countrywide and Bank of America systematically removed every check in favor of its own balance. Listen to Preet Bharara, the United States attorney in Manhattan, two years ago when he filed a lawsuit: Both banks should wear a perpetual shroud of shame. In Queens and the other boroughs, district attorneys did little to stop them.ĭuring the financial crisis, Bank of America devoured Countrywide. Their collective goal was to persuade unwary homeowners to unlock the equity wrapped inside their homes. For a decade now, mortgage and foreclosure scammers have crawled like locusts over the black homeowner belt of southeast Queens.