Tag Archives: bear stearns

Teri Buhl: Lawsuit shows more Fraud and Coverup from Bear’s Mortgage Team

You heard it on the Keiser Report first! Teri Buhl warned there would be more than a dozen new whistleblowers coming forward to explain how Bear Stearn’s and their mortgage trades raped their own clients and knowingly sold them mortgage securities full of garbage. But now we learn in a new lawsuit against Bear and it’s new overlord J.P.Morgan how far they went to cover it up when the clients asked for their damn money back. J.P. Morgan could have to pay out billions for the sins of Bear Stearns. Ha ha ha ha, I know, I know . . . if there were justice. But at least in a theoretical world they could have to pay for their crimes. But the Bear mortgage traders might want to start hiring criminal defense lawyers, cuz the morgue ain’t got their backs . . .

Teri Buhl: Lawsuit shows more Fraud and Coverup from Bear’s Mortgage Team

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Report Says: Bear Stearns Executives Sold Illegal RMBS and Covered It Up

Stacy Summary:  Great work from Teri Buhl:

J.P. Morgan who bought Bear Stearns and EMC in 2008 also assumed litigation risk. It’s JPM’s deep pockets that institutional investors in Bear’s RMBS are counting on paying out billions in damages for the actions of these dubious Bear executives. Stay tuned because the New York A.G. questions don’t appear to be ones JP Morgan can delay or ignore. There’s an old saying that you don’t get in trouble so much for what you are doing as for what you have done — and this is a perfect example. These things have a way of catching up with you over time.

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[KR171] Keiser Report – False Flag Finance

We interview Teri Buhl.

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Swallowing Bear for JPMorgan, Spreading Bubbles with Fake Workers

Stacy Summary:  Good morning.  Max is on Irish radio this morning, looking for any links for you . . .

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Ireland’s 54 bil euro gamble & White House tarps TARP

Stacy Summary:  It grows more evident every day that the global economy is truly in the hands of jokers.

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Business as usual in global finance: profiteering, speculating & gambling

Stacy Summary: A week or two ago I posted a piece by Frank Rich regarding the absence of justice.  I think the headlines today show the consequences of zero justice for the financial fraud and the bankers that committed the fraud.  Back to business as usual, as the first article points out, so one can only expect the next crash down will be even bigger . . . and by the end I imagine the population at large will have meted out the justice that Government Sachs / Obama Admin refuses to.

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