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Loan Modification
: Mortgage Lender Implode-o-MeterCase Against the Fed and Fractional Reserve Lending
By Implode-Explode Heavy Industries
Fractional Reserve Lending (FRL) is fraudulent. Indeed, FRL in conjunction with micro-mismanagement of interest rates by the Fed is the root cause of the financial crisis we are in.
Unfortunately many do not see FRL for the fraudulent scheme that it is. Here are the most common defenses against the allegation of fraud.
Full post as published by Mortgage Lender Implode-o-Meter on May 06, 2009 (boomark / email).
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
The Reserve Fund's Primary Fund
401(k) / ERISA Stock Fraud
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act
The Reserve Fund's Primary Fund
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