Has always been a BIG fraudulent business on Wall Street, how else do ya think they made it this far? Take the fraud away and let see them become successful. They’re only doing this because their other ponzi methods have been exposed. Now move on to the next ponzi…of course.

AND Who needs insider trading? Like US Rep. Marcy Kaptur said: “LOOK AT THOSE OVER AT THE JUSTICE DEPARTMENT AND WHERE THEY WORKED BEFORE THEY GOT THERE”, and go with their former/current clients.

Find the most fraudulent players and stick with them because there will always be an APP for that..

Reuters-

Delinquent and defaulting mortgage loans to struggling US borrowers have become big business on Wall Street, as investors scoop up bonds backed by non-performing loans (NPLs).

With millions of borrowers still under water or facing foreclosure, real estate investment trusts (REITs) and others are snapping up NPLs at a discount, hoping to earn returns from their eventual resolution or liquidation.

And the more value that can be extracted from each loan, the better the returns – which means it is in the interest of investors to work with troubled borrowers to find solutions.

[REUTERS]

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