Second, they enriched themselves by bundling and selling the mortgage backed securities, and “credit default swaps”.
Jammie Gorelick, and Franklin Raines, each made TENS of MILLIONS of dollars off of this scheme, and belong in jail.
Whole lot of that going on. Whole lot of people belong in jail.
But unfortunately the SEC's investigators evidently couldn't find their own arse(paper) with both hands and a SQL statement telling them exactly where to find it... and the thousands of loan applications for which Argent Mortgage had fabricated the FICO score.
They're about as blind as the UberManager-monkey in this here photeegraph:
