Where Hortgage-Related Fraud Is Found, Justice Is Not Equal
Original Author:
(James Rowen)
The feds are bringing criminal charges against some alleged local mortgage fraud perpetrators. The charges are serious and
it looks like jail or prison time is coming.
So be it. Anyone who had a hand in this national economic scandal should face criminal charges.
But where we have already had banks too big to fail, we've got some bankers who apparently are too big to jail.
The feds are alleging a massive mortgage-securities related scheme perpetrated by Citigroup by letting the Wall Street giant
settle and buy its way out through
a civil complaint process...though Citigroup continues to report billions of dollars in profits that dwarf the amount of the proposed settlement...after having received
the largest taxpayer-paid bailout to survive the crash
it helped bring on by creating and selling and profiting from shady, toxic mortgage securities and manipulations.
Recent comments
1 year 43 weeks ago
1 year 51 weeks ago
2 years 1 day ago
2 years 13 weeks ago
2 years 37 weeks ago
2 years 46 weeks ago
2 years 46 weeks ago
2 years 48 weeks ago
2 years 51 weeks ago
3 years 5 days ago