Forum Post: RESGA RES-GA ELEVEN, LLC Rialto Lennar are profiting at our expense!

Lennar stopped home-building after sticking us with billions of dollars in upside-down mortgages then paid off politicians to get a sweetheart deal with the FDIC where they are able to take over their competitors, steal land, and destroy the communities they attack prolonging the recession while making billions of dollars using our tax money! They proudly mention in their quarterly reports that their Rialto Capital division (collections agency) is making them substantial profit. Look at the executive compensation. For what? For sticking it to the taxpayer both coming and going. These guys are the 1%!!!

http://www.forbes.com/lists/2006/12/24PY.html

http://sfpublicpress.org/news/2010-06/homebuilder-lennar-uses-federal-taxpayer-funds-to-balance-its-books

http://reactioncommittee.com/

http://www.landrights.org/

res-ga, resga

res-ga eleven, llc, res–ga mills Cove, llc and res-ga Cobblestone, llc are Florida limited liability companies, whose sole member is Multibank 2009–1 res-adc venture, llc.

(A) Multibank 2009–1 res–adc Venture, llc is a Delaware limited liability company, comprised of two members: rl res 2009–1 investments, llc(manager) and the FDIC.

(1) rl res 2009–1 Investments, llc is a Delaware limited liability company comprised of only two members: rl res 2009–1, llc and Lennar Distressed Investments, llc.

(a) rl res 2009–1, llc is a Delaware limited liability company whose sole member is Rialto Capital Holdings, llc a Delaware limited liability company.

(i) Rialto Capital Holdings, llc is a Delaware limited liability company whose sole member is Rialto Capital Management, llc. (rcm is Member/Manager of rca)

(A) Rialto Capital Management, llc is a Delaware limited liability company whose sole member is Jeffrey Krasnoff, a Florida citizen.

(b) Lennar Distressed Investments, llc is a Delaware limited liability company whose sole member is Lennar Corporation.

(i) Lennar Corporation is a Delaware corporation with its principal place of business in Florida.

(2) The FDIC is a federally chartered corporation