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Federal judge asks: Why haven’t any top executives been prosecuted for financial crisis? [link only]
Raw Story [link only] | January 2, 2014 | Travis Gettys

Posted on 01/02/2014 7:30:18 PM PST by grundle

link only:

http://www.rawstory.com/rs/2014/01/02/federal-judge-asks-why-havent-any-top-executives-been-prosecuted-for-financial-crisis/


TOPICS: Miscellaneous
KEYWORDS: barackobama; obama
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To: Wingy

The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.


21 posted on 01/02/2014 8:00:49 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: grundle

There have probably been more people adversely affected by small businesses that fail - so why haven’t owners of failed small businesses been prosecuted! (Okay, just in case - SARCASM)!


22 posted on 01/02/2014 8:03:00 PM PST by zencycler
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Comment #23 Removed by Moderator

To: grundle

24 posted on 01/02/2014 8:08:14 PM PST by Vince Ferrer
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To: Wingy

“If Justice was truly blind, there would have been nightly perp walks for years.”

Bingo.


25 posted on 01/02/2014 8:14:03 PM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: BenLurkin
The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.

There is no law against selling MBS, and as far as I'm concerned there shouldn't be, but fraudulently marking them up to hide the true risk to the buyer is against the law. That law was broken and no one was charged. Why?

26 posted on 01/02/2014 8:23:44 PM PST by Wingy
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To: grundle

Why haven’t Barney Frank, Chris Dodd, Charlie Rangle, et al been prosecuted also?


27 posted on 01/02/2014 8:23:45 PM PST by BwanaNdege (Those who make peaceful revolution impossible will make violent revolution inevitable. J.F. Kennedy)
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To: grundle
Who let AIG off the hook?

Jaime Gorelick?

28 posted on 01/02/2014 8:33:29 PM PST by Paladin2
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To: grundle

We have been paying hundreds of billions for border security we never received...

Who was made responsible?

Who was made to pay?

Who was made accountable?


29 posted on 01/02/2014 8:50:13 PM PST by dragnet2 (Diversion and evastion are tools of deceit)
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To: grundle

Who was held accountable for the tens of hundreds of thousands of foreigners allowed to flood into the U.S., when half our population is unemployed or underemployed?


30 posted on 01/02/2014 8:52:25 PM PST by dragnet2 (Diversion and evastion are tools of deceit)
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To: Wingy; BenLurkin
The risks were there for the buyers to see, in the prospecti and the footnotes to the banks' financial statements.

Goldman Sachs was hauled before Congress for a MBS it had sold, when the buyers themselves weren't suing them for it. And it had nothing to do with the financial meltdown.

What there was was a bubble economy and concentration of investment risk on U.S. home prices, which grew out of whack in relation to household income.
31 posted on 01/02/2014 9:13:58 PM PST by kenavi (Debunk THIS!)
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To: Viennacon

And Chris Dodd!


32 posted on 01/02/2014 9:19:40 PM PST by Taxman (So that the beautiful pressure does not diminish!)
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To: grundle

Because they can all point their fingers right back at the federal government, starting with Barney Frank, Franklin Raines and Jamie Gorelick.


33 posted on 01/02/2014 9:32:19 PM PST by kaehurowing
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To: grundle

Who, like John Corzine? The current DOJ will never take down a democrat hack and/or patron.


34 posted on 01/02/2014 9:40:54 PM PST by Go Gordon (Barack McGreevey Obama)
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To: volunbeer
If you think I am wrong, why did the Fed give so much of TARP to foreign banks?

The Fed didn't do TARP, that was the Treasury.

What foreign banks got TARP money? You have a list?

35 posted on 01/02/2014 9:48:02 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: grundle

Good luck prosecuting the President and the Democrat party.


36 posted on 01/02/2014 9:53:46 PM PST by <1/1,000,000th%
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To: Toddsterpatriot

http://www.zerohedge.com/article/meet-35-foreign-banks-got-bailed-out-fed-and-just-cpff-banks

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-

That’s a start. Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed - they were AAA rated by our financial leaders. The affirmative action bubble bonanza was poised to take down lots of banks here and abroad so the banksters that promised them the junk we sold them were good as gold stepped up and found them dollars to cover the losses.


37 posted on 01/02/2014 10:36:41 PM PST by volunbeer
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To: Toddsterpatriot

By the way - the Fed owns the Treasury. They have an incestuous relationship and even though they are two entities on paper it is obvious that the Fed Chairman carries the big stick.


38 posted on 01/02/2014 10:39:55 PM PST by volunbeer
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To: Oldeconomybuyer

Add Allan Greenspan to this list.


39 posted on 01/02/2014 11:36:44 PM PST by Steelfish (ui)
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To: volunbeer
That’s a start.

A start to what? TARP was the Treasury, not the Fed.

If you think foreign banks got TARP money, post your proof.

Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed

Those banks also had plenty of their own, home grown toxic mortgages.

40 posted on 01/03/2014 7:12:49 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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