Holocaust Survivor Cleans Up On Foreclosures

 

 

 

 

 

 

 

Countrywide ex-president's profit from home loans gone bad

Stanford Kurland, Countrywide's former president, and his new company have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. Its biggest deal has been with the Federal Deposit Insurance Corp., which it paid $43.2 million for $560 million worth of mostly delinquent residential loans left over after the failure last year of the First National Bank of Nevada.

   

 

 

 

 

 

 

How Does It Work?

Abe lent you $400k to buy a home, you went broke, and then Abe forecloses. Now Abe goes to the Federal Government says his bank is broke. The FDIC bails out the bank, and assumes the mortgages. Next your mortgage is discounted to $25k, and Shem buys them in giant lots from the FDIC.

   

 

 

 

 

 

 

Just A Two Hundred Years Ago

These Zionists slithered out of lower Russia and infested eastern Europe. They went from Rag Peddlers to running the world's governments.
   

 

 

 

 

 

 

 

 

The Key Is The Banks

They started with the Federal Reserve in 1913, which allows them to control the direction of the economy. Then in 1933 Roosevelt passed the 'New Deal' and handed out the bank charters to his fellow Zionists.

When you control the banks, you have a license to steal. When Izzie saw the economy going south there was only one way to unload his strip mall, and that was a sale. Thank God that Jake Colonstein could get the necessary $50 million from a friendly bank. Is it Jake's fault the economy tanked, and he defaulted?
 

 

 

 

 

 

The collapse of Enron

Tyco Collapse

The fleecing of Comverse

 Judicial Index