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Entertain continue to carry a liar loan. and i also want to let you know i didn t kill jfk, either. reporter: walker has also previously denied paying for the abortion of another woman, the mother of one of his children. she has provided multiple news outlets receipts from the abortion clinic and a copy of a $700 check that she says walker gave her to pay for the abortion. did you ever have a conversation with this woman at any time about an abortion? no. reporter: is she lying? yes, she s lying. yeah, she s lying. yes, she s lying. reporter: walker later acknowledged he did give her the check, but claimed it was not for an abortion. as a candidate, walker is a staunch opponent of abortion rights. i m pro-life. i believe i believe in life. i m a christian, i believe in life. reporter: david, the woman who came forward today insists that this is not about politics, she claims that she s an independent and voted for donald trump in 2016 and in 2020. as for walker s oppo ....
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 because of wildfires affecting his state. we ll get straight live to the event in just a moment. first, let s get a preview in a sense of how much this matters in a very busy september. this event here today, three presidential debates. including a tea party debate presented by cnn on october 12th, tampa, florida. yes labor day 2011 but a big impact had month on the presidential race for 2012. ....
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 vooing false information to the bank, which means he shouldn t be guilty of mortgage fraud of but they found him guilty of mortgage fraud anyway. are you ready for this? he s serving 21 months in prison. so mozilo, none of those guys get a prison sentence but this guy is in prison for 21 months. and you know who owns the loan? countrywide, now owned by bank of america. when he gets out, he s got t ....
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 about yet. here is what people should look for. the most common types of fraud are falsifying information on mortgage applications and inflated appraisals. this idea of a liar loan, that s an issue, that s when a mortgage professional knowingly inflates the borrower s income. that s not good. if your mortgage servicer falsifies your information that means you re probably getting a ....
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 if you buy it, you can see the securities and your job as buyer is to say this looks like crap. the other guy was a big german bank. tons of analyst. john paulson should have been warned. at the end of the day, bad accounting standards, bad underwriting standards creates portfolio of liar loan that is ....