Home > Uncategorized > Tyler Durden – The Nine Most “Inconvenient” RoboSigning Admissions BofA Would Love To Disappear

Tyler Durden – The Nine Most “Inconvenient” RoboSigning Admissions BofA Would Love To Disappear

From Zero Hedge:

The Nine Most “Inconvenient” RoboSigning Admissions BofA Would Love To Disappear

Submitted by Tyler Durden on 11/13/2010 10:46 -0500

As if the fact that the world economy has once again taken a turn for the worse (rising inflation in China, sinking everything in Europe, endless QE in the US) wasn’t enough, that pesky problem of robosigning and fraudclosure just refuses to go away. And even though the major banks are doing their best to remove any reference of this problem, which will eventually be the final nail in the coffin sealing the first truly global great depression, from the mainstream media, here is a sampling of some of the choicest admissions by robosigners, which will continue to serve as the basis for thousands of lawsuits (both RICO and otherwise) to come. While we know that BofA’s Reps & Warrantees reserve is woefully underfunded (with everyone and their grandmother now seeking to putback RMBS to BofA, anything less than ‘infinity’ is underfunded), we hope Bank of America has set up a sufficiently large legal expenses reserve. It will need it.

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