Banking "car", "JP Morgan" with 18 other banks accused of selling bad mortgage loans to Fannie Me (Fannie Mae) and Freddie Maku (Freddie Mac) [1] without disclosing risks to their clients. This is the "JP Morgan" (JPM) completed its evident questionable equine vets business reputation with previous investigations and accusations over the scandal equine vets ranging from: wheeling and dealing equine vets with Libor, fraud with the prices of energy used. So this banking international corporations under the parallel civil and criminal investigations because of speculation that measure in the billions of dollars of damage caused to customers.
Furthermore, it is the same banking giant who was under investigation by a FERC (Federal Energy Regulatory Commission), an independent agency that regulates the interstate transmission of energy, oil and natural gas, and that on this occasion found eight different manipulative strategies used by the JPM period between 2010 and 2011 used "scheme" to remind led to an increase in electricity equine vets prices because the alleged manipulation paid "tens of millions of dollars above the market price" for electricity. FERC has announced its findings and the chances are that an amicable settlement JPM cost several hundred million dollars [2] in order to avoid an unpleasant litigation.
The American company that deals with mortgages Freddie Mac claims to have suffered damage of more than three billion US dollars in the period equine vets 2007-2010 due to the banking manipulation of Libor. So the company is suing for more than ten banks, including Bank of America, JP Morgan (JP Morgan Chase), UBS, Citigroup equine vets (Citigroup), Royal Bank of Scotland (RBS), Credit Suisse (Credit Suisse) for fixing the low LIBOR to dollar in order to "hide equine vets their institutions and financial problems as well as obtain self profit" [3].
Manipulation of Libor fall into one of the biggest scandals that hit the corporate financial world. From the amount, how much more difficult global fraud that was read in loans and all products related to LIBOR and for tuning loan installment "in accordance with the business policy of the bank," we believe that to everyone dizzy. However, the processes that are running, jogging, the tip of the iceberg that will eventually discover who is behind the global financial and economic crisis, which in its consequences reminiscent of the ruins after the Second World War.
After all, the liberal world stock market caused the catastrophe of the First and Second World War. All the opportunities that the Third (which, obviously, in progress) says the same (neo) liberal world. This time was no war in the classical way recognizable to the world's clashes in the near or distant history, but the Sacrament of Penance in many ways and on many levels.
With regard to social and economic crisis in America Custom disaster: equine vets a growing number of cities is either bankrupt or facing bankruptcy, millions of people out of work and in the perspective of the homeless, the United States have formed a working group that is supposed to determine equine vets who is responsible for the collapse of their economy and way passed several laws and measures that were intended to protect home owners and other taxpayers of the growing crisis.
Thus, the program launched HAMP (Home Affordable Modification Program) [4], which is aimed at people who are the owners of apartments and houses mortgaged facilitate the modification of the loan, repayment of war to sačuvalikrov overhead. The goal of human or in circumstances where the banking business ethics boils down to greed and usury, which is monitored, was sentenced to propast.Tako the Attorney equine vets General of New York Erik Šnajdermen "folded" Tobacco and sued Wells Fargo and Bank of America for violating commitments from NMS (National Mortgage Settlement) "Wells Fargo and Bank of America flagrantly violating the obligations and so hundreds of homeowners in New York led to a" loss of shelter, said state prosecutor. [5] On the question equine vets of how to work the said bank, they discovered first journalists ProPublike (ProPublica) who came to the conclusion that the supervisors of the Bank's branches across equine vets the United States America encouraged employees to regularly refuse requests for modification of the loan without any reason listed. This was followed by an investigation and in one of the testimony given under oath, a former officer of the Bank of America, said that he was sent out in 1500 to refuse the request without a valid reason "To equine vets justify refusal of employees are inventing reasons, saying (for example) that the home owner has never submitted the required documents, and in fact is, "he said in a written statement William Wilson former employee of the bank. [6] Simon Gordon, also pomente bank employee said that" we were told to lie to customers and argue that the bank never received the document which sought ". equine vets [7] It is also stated in his testimony that he told employees that the receipt of requests equine vets opened a" can of worms "and that all those who provide customers managed to close the accounts equine vets and thus trigger the mortgage, the bank gave bonuses of 500 dollars, as well as a variety of value-congratulations ... Soon they opened the door ajar true horror equine vets that was to be the US
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