The problem of perjury and forgery by the banks are but isolated incidents, I submit.
This veto is but one more step toward the Marxist Utopian dream of no private capital.
Something for nothing writ large.
“The problem of perjury and forgery by the banks are but isolated incidents, I submit.”
JPMorgan admitted their people did not read the documentation for 56,000 cases. Thats 56,000 individual cases.
One lawyer, who was fired by one of the large banks, has stated they set up assembly lines to process 250 packages a day. Fake notaries, fake signatures, nobody had time to read anything. Just sign and send to the next station.
There are tens of thousands of these cases. Under marxism state approved or connected organizations don’t have to abide by the law. They receive special exemptions which is what has been granted to these big banks.
As a banker you should be aghast at the business practices of these big banks and not defending them. Nobody held a gun to their head and forced them to make ALL of those bad loans. CRA certainly did not apply to all of these loans.