{"id":22452,"date":"2016-02-04T11:50:02","date_gmt":"2016-02-04T16:50:02","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22452"},"modified":"2016-02-04T11:50:02","modified_gmt":"2016-02-04T16:50:02","slug":"how-many-lies-can-the-wsj-pack-into-a-chart-on-liars-loans","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/02\/04\/how-many-lies-can-the-wsj-pack-into-a-chart-on-liars-loans\/","title":{"rendered":"How Many Lies Can the WSJ Pack into a Chart on Liar\u2019s Loans?"},"content":{"rendered":"<p>William K. Black has a second article in his series, this one titled <a href=\"http:\/\/neweconomicperspectives.org\/2016\/02\/many-lies-can-wsj-pack-chart-liars-loans.html\" target=\"_blank\">How Many Lies Can the WSJ Pack into a Chart on Liar\u2019s Loans?<\/a><\/p>\n<p>If you don&#8217;t read this article you have no way of knowing just how fraudulent Wall Street has been, nor how clueless are the people that Barack Obama put in charge of prosecutng Wall Street.  I had the &#8220;pleasure&#8221; of engaing one of these clueless appointees in a Facebook exchange.<\/p>\n<p>Here is an excerpt from the article.<\/p>\n<blockquote><p>\nI have discovered even more amazing indicators of fraud in my pro bono efforts on behalf of alleged fraud \u201cmice.\u201d  One of the largest home lenders in America ordered its staff \u2013 in a passage that they put in all-caps to highlight its importance \u2013 never to verify the borrower\u2019s income on liar\u2019s loans even when the underwriters could have done so without any expense.  In particular, while the underwriter was permitted to call the employer and verify the borrower\u2019s employment, the underwriters were forbidden to verify the borrower\u2019s income even though they had the boss on the phone line staring at the employee\u2019s records.  Everything about liar\u2019s loans screams \u201caccounting control fraud\u201d by the lenders\u2019 controlling officers.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>William K. Black has a second article in his series, this one titled How Many Lies Can the WSJ Pack into a Chart on Liar\u2019s Loans? If you don&#8217;t read this article you have no way of knowing just how fraudulent Wall Street has been, nor how clueless are the people that Barack Obama put [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22452","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22452"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22452\/revisions"}],"predecessor-version":[{"id":22453,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22452\/revisions\/22453"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}