The “fraud” described here doesn’t involve the people who are being foreclosed out of their homes . . . it involves banks and other lenders who fraudulently packaged loans into securities and sold these securities off to investors. That’s why the victims in this fraud are the investors, not the homeowners. I’m sure the Local #562 is the plaintiff in the case documented above because their pension fund lost a ton of money after buying these mortgage-backed securities.
What’s so fun about FR is the wide variety of opinions expressed and founded exclusively on political persuasions:
http://www.freerepublic.com/focus/f-news/2537514/posts