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The Lie that Prosecuting Bank Fraud Will Destabilize the Economy

By gnadivi   2012 Dec 23, 7:13am   ↑ like (1)   ↓ dislike   622 views   3 comments   watch (1)   share   quote  

http://www.zerohedge.com/contributed/2012-12-22/lie-prosecuting-bank-fraud-will-destabilize-economy-what-really-destroying-ec?source=Patrick.net

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1   Tenpoundbass (44/44 = 100% civil)   2012 Dec 24, 5:21am  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

Great comic, it made my day.

2   The Professor   2012 Dec 24, 12:07pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

From the article:
"In 2004, the FBI warned publicly of “an epidemic of mortgage fraud.” But the government did nothing, and less than nothing, delivering instead low interest rates, deregulation and clear signals that laws would not be enforced. The signals were not subtle: on one occasion the director of the Office of Thrift Supervision came to a conference with copies of the Federal Register and a chainsaw. There followed every manner of scheme to fleece the unsuspecting …"

And a couple years later if the banks did not get trillions of dollars life as we knew it would end...

3   APOCALYPSEFUCKisShostikovitch   2012 Dec 24, 12:10pm  ↑ like (7)   ↓ dislike   quote   top   bottom   home   share  

America's only hope is the ritual beheading of banksters.

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