tag:blogger.com,1999:blog-5764290.post2686209254451567572..comments2024-03-22T08:01:16.236-04:00Comments on Rebecca Tushnet's 43(B)log: "I wouldn't have bought it if I'd known" is enough for standing, 9th Circuit says againUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5764290.post-20995102653733045522014-04-04T11:06:58.230-04:002014-04-04T11:06:58.230-04:00Finally!
As Atty Lenore Albert had argued the Lo...Finally! <br /><br />As Atty Lenore Albert had argued the Loan was a LIBOR loan from the beginning. What she was paying had no relation to what was owed. <br /><br />Hon. Judge Richard Paez, blared at the defendants that Galope committed to pay them for 30 years! (Unaware that she was bound to fail because of the LIBOR rate trap that she had bit into)<br /><br />It was true that she defaulted 2x. ( first because of an illness, 2nd because she realized the scam) But what was not made clear here was that at each of those times she defaulted, insurance claims from credit default swaps were triggered. The amount gained by the banks at each default event is equal to 30 times her mortgage payment!<br /><br />Credit default bets were made against her by the very same banks who gave her the loan!<br /><br /><br /><br /><br />Anonymousnoreply@blogger.com