I want to see people going to jail - left and right. THEN confidence will be restored in the markets.
“I want to see people going to jail - left and right. THEN confidence will be restored in the markets.”
Sorry, but I’ll have not confidence in the market until the current socialist regime is thrown out of office.
Who should go to jail the robo signer’s. In some of the cases I read about people have not paid thier mortgage for 3 years but are still in thier homes should they go to jail?
Why do I have to pay my mortgage
Yeah-boy-howdy! Nothing like good perp walk to make people feel safe.
Paging Eliot Spitzer!
AMEN
ABSOLUTELY! Laws were broken in this mess. I am an accountant who saw this for years. I would love to talk to the FBI about it.
They faked appraisals for mortgage companies who then sold the loans and did not have to worry about them not being repaid.
Banks trained employees to NOT ask any questions or VERIFY data on mortgage applications. I was told by a banker that if a person put down they worked for McDonald’s and earned $100,000.00 annually, they were to take their word for it.
Banks sold the mortgages and did not have to worry about repayment.
5 to 10 credit offers with 0 % interest arrived in the mail to almost EVERYONE suckering them in. Many filed bankruptcy.
The financial industry standards of the past few years were insane compared to when I bought my home in the 1980’s.
Yes, these people need to go to jail! All of them, not just a few scapegoats.
I want to see people going to jail - left and right. THEN confidence will be restored in the markets.
I want to see laws upheld, even if it means that precious elites go to jail, so that confidence in our political system will be restored.
I agree.
Dodd and Frank should be led away in handcuffs for defending Fannie and Freddys relaxed lending standards under the egalitarian ideal that even poor people should be able to buy condos and McMansions.
Instead of a perp walk they get their name on a bill to “solve” the problem they created.
It’s like having a Berkowitz/Dahmer sponsored mass murderer sentencing law.
I don't believe that for a minute particularly if it just means going after lenders and not democrat politicians. What I want to see are the dems punished big time for creating the conditions that led to the problems.
If we are going to toss people in jail willy-nilly, can we start with you? This is a very dangerous attitude at any time, but considering who is in charge these days, it's particularly reckless.