Liar Loan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

you're a democrat or a republican, maybe not so sure. it's a good opportunity for you to hear from these candidates in extended form as they offer a presentation, answer some questions. the republican congresswoman, michele bachmann of minnesota is here. the georgia businessman herman cain, the former speaker of the house, newt gingrich. the texas congressman and libertarian ron paul and the former massachusetts governor, mitt romney all appearing at senator demint's at this forum in south carolina. missing, the texas governor, rick perry. at the last minute he decided to go home bec...

Many people have done and many people lost money as engel did. engel also mentioned that he had a liar loan his broker had written down. they're like a ha! we got him, finally after all the dumpster diving. there were two mortgages in particular, right? one claimed he made $15,000 a month. and he made $180,000 for the whole year. so he did make $15,000 a month. the other said he made over $32,000 a month, which he didn't. now, engel said he didn't know about that $32,000 claim. now jurors kind of believed him, kind of didn't believe him and got confused. they found him not guilty of pro-i had ...

Hasn't oversight stepped up over the past few years? >> and you thought people start passing out halos and all of a sudden people stop the fraud? no. it doesn't work that way, tony. it's true, fraud often changes what w. the times, so it's hard to completely get rid of it. the number rose 7% last year. that's better than the 26% jump we saw in 2000 but economists say this study is only the tip of the iceberg because fraud isn't usually detected until the loan goes bad. when things get bad that's when we see who is up to the bad stuff. there are probably a lot more cases that we don't even know...

Goldman sachs best legal defense based on what we know, it comes down to not whether goldman built it, customers fail, it comes down to whether goldman represented what it was fairly and accurately to the buyer. that's the s.e.c.'s charge in a nutshell. >> the argument of goldman is that maybe we should have in some materials said paulson, hedge fund manager, played a role in the creation of this product but he didn't put the final stamp on it he played a role. it wasn't material. back then people didn't think john paulson was a genius. >> buyer could see the securities even if he was a genius...