Even if there is a corporate setttlement, it's still critical that the investigation get to the heart of the matter: the criminal fraud committed by Gorelick, Raines, Mudd et al.
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PLEASE call the US Attorney's Office in NY to URGE that they include Jamie Gorelick, Franklin Raines and Daniel Mudd in their investigations.
Contact:
Michael J. Garcia United States Attorney - Southern District of New York
Criminal Division
1 St. Andrews Plaza New York City, NY 10007
Phone: (212)637-2200
Fax: (212)637-2390
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Talk about a RICO suit waiting to happen.
I wonder how much Freddie/Fannie employees gave to B-HO?
I don’t understand why they’re only going back to 2007. IIRC there were things that should be investigated between 2003-2007 (and probably earlier).
Although I doubt it will be because those in the do nothing helpful Congress will probably be pulling strings and jerking chains to make sure their names are never mentioned.
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chortle .
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BWAHAHAHAHAHAHAHAHAAAAA!!!!! Sometimes I crack myself up....
Raines and Johnson should be jailed. Their books made Enron look saintly.
Pray for W, Gov Palin and Our Troops
He is a Bush appointee...maybe we have a chance here...but I doubt it. Tired of holding my breath on this kind of stuff. Will call though like you suggest.
http://en.wikipedia.org/wiki/Michael_J._Garcia
What about Frank, Dodd and other corrupt pols who aided and abetted Fannie and Freddie?
I’m too cyncial to think this is going to amount to more than a little noise, but there’s always hope. I read this is the prosecutor who investigated Spitzer.
US Attorney’s Office - NY
email: usanys.crcomp@usdoj.gov
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Useful contact numbers at the SEC:
http://www.sec.gov/contact/phones.htm
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Michael Garcia has had several successful terrorism prosecutions:
In 2001, he was involved in prosecuting four defendants accused of conspiring with Osama bin Laden and 17 others in the bombings of the United States Embassies in Kenya and Tanzania in 1998. The four defendants were convicted in May 2001.
In 1993, Mr. Garcia also took part in the successful prosecution of four defendants accused of involvement in the first terrorist attack on the World Trade Center.
http://www.nytimes.com/2005/04/11/nyregion/11senator.html
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LET THEM HEAR FROM US!
Why are they limiting it to Jan 1 of last year? The fraud has been going on for well over a decade. My well-educated guess is that some very powerful people would be caught up in the net if it were expanded. And ass we know, the powerful DO NOT have to answer to the law as we mere mortals do.
This should be is an essential part of any remedy to this crisis. There should be criminal penalties, asset liquidation, and punitive damages applied as appropriate.
At least one of the guilty parties, Barney Frank, has no concern about doing jail time. Think about it......
you forgot david gregory’s wife, beth wilkerson.
I just had a conversation with the vp of our little town bank. She said they have to make examples of some of these crooks just like they did with Martha Stewart.
She’s a little frustrated that “all banks “ seem to be getting the blame from people. This bank is very conservative and doesn’t give out mortgages easily. She said you would be amazed at how many people come in looking for a mortgage that they’ll have a tough time paying. This bank won’t give it to them. The town is filled with waterfront McMansions and I’m sure many of these will be on the market.
Problem is we are really late trying to solve things now after all the dirty work has been done, we need to demand they stop next time we catch them with hands,feet and lips inside the cookie jar.