Considering the fact that congress is holding a debate as to whether or not they should be allowed to engage in insider trading, the charade put on by the AGs is and always was political grandstanding.
I'll be speaking with several excellent and succesful attorneys today who engage in this highly nuanced and technical area of legal practice.
It will be interesting to get their "take" on this; and what impact it may or may not have on their own cases presently in litigation.
I'll go out on a limb and guess that on an individual level it is those who did not, or could not, retain competent legal counsel on their own who will be hurt most.
This gal here is preparing a Press Release and intends to bring many facts to light by week's end.
I'm hoping she gets support.
FWIW...I've remained in contact with the feisty freshman and will do my best to spread the word here and on little Hamlet.
R.I. Senator Moura Complaint To The Department of Treasury RE: Wells Fargo
URGENT FAX FROM RI SENATOR MOURA TO SENATOR JACK REED
"I DEMAND THIS BE PUT TO AN END, AND SANCTIONS IMPOSED FOR WHAT I PERCEIVE TO BE TWO CRIMINAL ORGANIZATIONS."
For Immediate Release FROM Senator Bethany Moura [R-RI] Jan. 10, 2012
"Freshman RI Senator levels serious allegations at Fannie Mae & Freddie Mac - Jan. 10, 2012"
Just goes to prove the old adage: “If you are going to steal steal big!”
And I will add: “And do it in a three piece suit and cut the politicians in on the take.”
They are just binding Americans to more debt. The banks got the money, did it illegally, now paying government to cover for them and put homeowners back in debt again.
I have a question - Where are the criminal charges against those bank executives and employees who engaged in criminal activities in the whole mortgage fiasco?
Answer - there won’t be many at all (maybe a few “token” charges to make it appear that something meaningful is coming of this). Too many of those who should be in jail are buddies with those in office making the rules/laws and holding the purse strings.
As usual - no real justice.