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Indybay Feature
Government Sanctioned Racketeering
by allen sanford
Tuesday Apr 23rd, 2019 5:29 AM
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!
The real estate crisis was caused due to the collaboration between Jerry Brown, Steve Mnuchin and Henry Paulson.
HSBC supervised.
Deutsche Bank laundered the money.
Ocwen Financial provide the notary service.
GMAC provided the "dummy" companies.
Lehman Brothers provided the illegally generated mortgage documentation that came from Indy Mac banks and associates in 2006.(the list of banks closed by the FDIC in 2006 in 29 pages)...
conditions in Oakland are the result of cuts to city services made by Brown during his two terms as Mayor of Oakland.
The Ghost Ship warehouse fire and the fire on 25th and San Pablo are due to cuts in city services that were never restored.
Libby Schaff, who the Judge claims knows nothing, was Jerry Brown's protege!!
Steve Mnuchin bought Indy Mac Bank in 2006.
Steve Mnuchin's father brought Henry Paulson into Goldman Sachs.
Paulson was the primary architect of the bailout.
Goldman Sachs was the primary beneficiary of the bailout.
Barack Obama, Eric Holder and Franklin Rains were front men for the banks!!!

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