Dexia Holding v Countrywide and the Sub-prime Crisis - the Scope of the Fraud May Begin to Unfold

Jan. 27, 2011 - PRLog -- Los Angeles, January 27 - upon review of the complaint in Dexia Holdings Inc et al v Countrywide Financial Corp et al,[[1]] it appears that the scope of the fraud on the People, on the US Congress, and on the international community, which is at the foundation of the financial crisis, may finally begin to unfold. The complaint exposes the essence of the criminality by large financial institutions such as Countrywide and BofA, and the scope of cover-up and deception by US government officers and agencies over the past decade.

The complaint was filed in the State of New York Court in Manhattan. The courts of the northeastern states, Massachusetts, New York, appear as a ray of hope. Removal of the complaint to the US District Court in Manhattan is likely to lead to conduct, similar to that which was seen last year in litigation of SEC v BAC under Judge Jed Rakoff, alleged as Fraud on the Court.  

The public must perform its civic duty and closely monitor the conduct of the litigation.

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LINKS

[1] 11-01-27 Dexia Holding v Countrywide (650185/2011) and the Sub-Prime Crisis - The Scope of the Fraud May Begin to Unfold
http://www.scribd.com/doc/47684467/

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Human Rights Alert, a Los Angeles County, California, NGO, is committed to monitoring Human Rights violations by the US government, and reporting such violations, including, but not limited to the 2010 Universal Periodic Review of the US by the UN.