Forum Post: The real smoking gun to topple Wall St
Posted 13 years ago on Nov. 16, 2011, 3:06 a.m. EST by Novista
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http://www.theburningplatform.com/?p=25051
Suppose this proves out: MBS contained no mortgages. Selling a pig in a poke without the pig exceeds anything else the vampire squids have done.
Robosigning and the fraudclosure exposed thus far is only the tip of the iceberg.
It might be easier, and more accurate, to simply blame the government and the federal reserve for handing over home foreclosure responsibility to wall street about 10 years ago.
This freed up the U.S. government to go to war and the federal reserve to print up money for the wars. Allegedly the wars were fought on "credit", however even so, the huge debt the wars caused means massive residual profits for whomever is being paid the interest on that debt.
Perhaps if the government and the federal reserve had focused more on home mortgages in the U.S., we would be far far better off economically.