Let’s see;
First, the Fed’s tell the banks they MUST make loans to unqualified buyers,
Then, they fine the banks BILLIONS of dollars for selling bundles of loans that ultimately fail, because the borrowers were UNQUALIFIED!!
Where do these BILLIONS in fines go?
Into Democrat slush funds, as there is NO ACCOUNTABILITY or traceability for these off book transactions.
Aside from stopping these government frauds before they start, we need legislation creating accountability for gov’t fines.
My first recommendation is that they go as a direct offset to the debt.
Those fines went to ACORN type organizations so that they could agitate another crisis.