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Loan Mods or white noise?
I first was presented with this information in a two hour presentation by a totally different source.
It is a real eye opener of the level of deception being fed to us.
The attached video talks about just one of the 'Sweetheart' deals the FDIC has made. It has similar deals with over 52 banks.
So all the talk about Loan Mods......Window Dressing.
According to DSNews, which by the way has no article about the back door deals being made, but does have several articles on different institutions buying up defaulted loans......gee I wonder why.
After you have watched this, do some Google work and see what you think.
I would love to hear your thoughts!