Thursday, September 08, 2011 12:06:39 PM
Not so much business practices as they thwarted legal practices.It was the largest money laundering scheme of all times.The severing of the note and deed opened up for huge money transfers in the name of mortgages.But the actual sales could have been anything from drugs,guns,political payoffs,well you should get the point.
It was and still is a HAWALA SYSTEM.
http://www.gdrc.org/icm/hawala.html
"The reason is the hawala system's alleged role in financing illegal and terrorist activities "
http://www.cbsnews.com/8301-31727_162-20004916-10391695.html
"Law enforcement sources tell CBS News that investigators have determined that Times Square bomb suspect Faisal Shahzad used the "hawala" system in plotting the attack,"
The difference with Times Square Bombing attack Hawala and the fraudulent mortgage Hawala is that all the major banks are assisting it.Instead of banks being out of the picture,what the banks did was take the local governments out of the picture by not properly securitizing the mortgage deeds so nobody knew who owned what and where and for which money came and went.
Bankers are always the ones to cause,finance and profit the most from war.And the government reeps the reward of controlling the common people.
Gonna make a difference !
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