Posted on 01/02/2014 7:30:18 PM PST by grundle
link only:
The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.
There have probably been more people adversely affected by small businesses that fail - so why haven’t owners of failed small businesses been prosecuted! (Okay, just in case - SARCASM)!
“If Justice was truly blind, there would have been nightly perp walks for years.”
Bingo.
There is no law against selling MBS, and as far as I'm concerned there shouldn't be, but fraudulently marking them up to hide the true risk to the buyer is against the law. That law was broken and no one was charged. Why?
Why haven’t Barney Frank, Chris Dodd, Charlie Rangle, et al been prosecuted also?
Jaime Gorelick?
We have been paying hundreds of billions for border security we never received...
Who was made responsible?
Who was made to pay?
Who was made accountable?
Who was held accountable for the tens of hundreds of thousands of foreigners allowed to flood into the U.S., when half our population is unemployed or underemployed?
And Chris Dodd!
Because they can all point their fingers right back at the federal government, starting with Barney Frank, Franklin Raines and Jamie Gorelick.
Who, like John Corzine? The current DOJ will never take down a democrat hack and/or patron.
The Fed didn't do TARP, that was the Treasury.
What foreign banks got TARP money? You have a list?
Good luck prosecuting the President and the Democrat party.
http://www.zerohedge.com/article/meet-35-foreign-banks-got-bailed-out-fed-and-just-cpff-banks
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
http://money.cnn.com/news/storysupplement/economy/bailouttracker/
That’s a start. Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed - they were AAA rated by our financial leaders. The affirmative action bubble bonanza was poised to take down lots of banks here and abroad so the banksters that promised them the junk we sold them were good as gold stepped up and found them dollars to cover the losses.
By the way - the Fed owns the Treasury. They have an incestuous relationship and even though they are two entities on paper it is obvious that the Fed Chairman carries the big stick.
Add Allan Greenspan to this list.
A start to what? TARP was the Treasury, not the Fed.
If you think foreign banks got TARP money, post your proof.
Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed
Those banks also had plenty of their own, home grown toxic mortgages.
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