Pennsylvania court decision over RMBS fraud

Proven wealth creating program available risk free
Federal Home Loan Bank of Pittsburgh Scores Victory in Lawsuit Over Fraudulent Sale of Securities

More information on Sub Prime loans, secruitization, and the housing crisis at SubPrime Shakeout

Quote From SubPrime Shakeout
"In the first substantive decision handed down in any of the five major lawsuits by the Federal Home Loan Banks (FHLB) over RMBS losses, the Hon. Stanton Wettick, Jr. of the Court of Common Pleas of Allegheny County, Pennsylvania dealt a blow to JPMorgan Chase, Countrywide and other securitizers of subprime and Alt-A mortgage loans, while letting the ratings agencies largely off the hook."

Time will tell if the courts will hold the banks accountable.  The country needs to see some penalties levied against those in the mortgage business in order to restore trust in the financial system.  We are seeing continued kid glove treatment of the banks as the current crisis remains an anchor hindering the economic recovery. 

The ratings agencies have gotten  free pass as well as the appraisers and the home builders who had used their own mortgage financing arms to drive prices higher with inaccurate appraisals and by creating scarcity hysteria that was completed fabricated. 
How to Plan, Contract, and Build Your Own Home, Fifth Edition: Green Edition (How to Plan, Contract & Build Your Own Home)
Hurricane-Proof Homes
Improve your financial life quickly, try it risk free