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Government Sanctioned Racketeering
by allen sanford
The city of Oakland was ground zero for the housing crisis.The collapse of Indy Mac Bank and the failure on the part of Lehman Brothers to correct the documentation before selling the securities to Fannies Mae in bundles of securities is what cause the Chinese government to threaten to liquidate their subprime mortgage holdings of $140 billion with Fannie Mae.
Henry Paulso, Steve Mnuchin and Jerry Brown collaborated.
They used MERS and Ocwen financial to put 67 million illegally generated mortgage transactions into the system between 2006 and 2009.
The present political system in Oakland is the result of Jerry Brown's cuts to city services during his two terms as Mayor. These cuts to city services were accompanied by favoratism shown to developers in "sweetheart" deal that were made in back rooms away from public scrutiny!!!
Oakland still conducts business this way!
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