Where forged documents exist, I expect to see criminal complaints filed and people go to prison. At least that’s what I want to see.
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Every foreclosure has forged documents ,, remember the “robosigning” scandal.. look at recent events ,, OCWEN created millions of forged backdated docs ... their stock price is down 50% this month because of it .. ALL the big banks have paid off the regulators with $Billions$ in fines to allow them to whitewash the crimes...
” ALL the big banks have paid off the regulators with $Billions$ in fines to allow them to whitewash the crimes...”
Absolutely spot on. It was a bribe, or “payoff” to Holder, so that NO INDIVIDULAL BANKERS WOULD BE PROSECUTED.
Thank you Neidermeyer. Look, where actual criminality took place, I have no problem with the government going after them. It still causes me a lot of questions, if regulators are in the banks, and yet all this stuff escapes them.
If they’re that blind, why go in in the first place.
I will also say, that fines from the government is no proof of wrong doing.
I had some friends invest in joint ventures in the oil industry in the 80s. They checked with their accountants who checked with the IRS to confirm certain write-offs. All was kosher, and all of it was later deemed NOT kosher by the IRS.
Large fines were levied, and they had to pay a lot of back taxes.
This was wrong, but there was nothing they could do about it. The IRS is god. So is the federal government and the courts. If they want your ass, they’ll get it.