...will all come out in the “prosecutions”
Diversion from the fraud of misrepresentation of facts to the MBS buyers, Denninger is on top of this today, the WSJ like other lamestream media outlets is way behind.
All the government has to do is arrest two politicians barney Frank and Chris Dodd. Suddenly everything will come out in the open. We know Barry will not take a fall for this disaster. Frank and Dodd are the sacrificial wolves for this fiasco.
The banks are going to be made to look bad, even as the Treasury continues to lend them risk capital at 0%.
It's all theater.
Can someone explain to me why stopping foreclosures will have a negative impact on housing? You’d think the opposite would be the case since foreclosed homes would flood the market bringing prices down even lower.
We don’t need no stinking investigations, Most of the Banks have already ADMITTED TO THEIR FRAUD AND FELONIES in official court documents (see Market-ticker). Just start rounding them up and putting them in Jail, Argue for NO BAIL, Refuse to allow them to use any proceeds from said criminal violations for Bail or Defense purposes. Immediately Seize All Assets as Ill Gotten Gains from a criminal Enterprise. Let them all rot in jail til they die and goto hell for eternity. There is nothing to Investigate, THEY ADMITTED IT