GOLDMAN SACHS settles mortgage FRAUD case for $5 billion

http://www.washingtonexaminer.com ^ | 4/11/2016 | Joseph Lawler

[dragnet2]

The special inspector general for the TARP bailout, said that "Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage-backed securities.

[TexasGator]

"Btw, you can always spot fraudulent smile, like this one right here. "

[Mouton]

Chap 11 is a reorganization.

[Jan_Sobieski]

Can they counter sue the Goverment for forcing banks to make bad loans and creating a government entity (Fannie Mae) to buy all the bad loans?

[Jan_Sobieski]

Stupid article for low information people. The Goverment CRA Act is the root cause of the financial meltdown...

[Lockbox]

My opinion is that the politicians forced the lending institutions into issuing mortgages to less then credit worthy individuals. The mortgage companies package and sell their mortgages in order to have capital to start the cycle over. The problem the politicians created a mortgage which a normal investor would not want to buy since it was sub-par. So a plan was developed to move these sub-par mortgages. The only problem is that the sub-par mortgages were backed with the full faith and credit of the US Government.

So the tax payer just keeps on paying for the politicians' effort to buy votes!

[huldah1776]

Do you have the source for the image?

[dragnet2]

“”My opinion is that the politicians forced the lending institutions into issuing mortgages to less then credit worthy individuals””

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to the Bush speech above where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.

[dragnet2]

Yet another Texan?

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to the Bush speech above where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.

[dragnet2]

Community Reinvestment Act is to blame?

https://www.youtube.com/watch?v=GkAtUq0OJ68

Listen to Republican Bush at a speech where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.

[dragnet2]

That’s not a smile Tex, try to stay focused.

[Jan_Sobieski]

Listen to Republican Bush at a speech where he is demanding home loans for totally unqualified minorities. This Bush speech was just a couple years prior to the housing collapse.

Yes, very good. Bush is only parroting what the left (Bill Clinton, Chris Dodd, Bawney Fwank, etc.) was saying for years. Definitely bipartisan, though a few Conservatives sounded the alarm early...

[Jan_Sobieski]

Yes, bipartisan approval of the CRA under Bill Clinton opened the floodgates of bad credit...

http://spectator.org/articles/42211/true-origins-financial-crisis

[jmaroneps37]

“GOLDMAN SACHS settles mortgage FRAUD case for $5 billion” Ted Cruz seen amending his FEC filings AGAIN>.

[Fresh Wind]

They should have hired Teddy instead of his wife.

The Best Lawyer In The World would have gotten them off for a billion or less.

[dragnet2]

That’s it, Rafael Cruz is the best lawyer in world!

Just what we need, yet another lawyer instead of a leader.

No Trump, no vote.

[dragnet2]

LOL!

[dragnet2]

They’ve corrupted our system in every direction. The jig is up.

No Trump, no vote.

[meadsjn]

Horses are hung.
Horse thieves are hanged.

[Jan_Sobieski]

I will vote Trump or Cruz. The big commercial players had little culpability in this mess. When Government Statutes are passed by our feckless leaders, businesses must comply, or get in trouble. Heck, if I were running a mortgage firm and the government forced me to make loans by assuring me that Fannie and Freddie would take all the risk, compliance is only natural. Cruz's wife, was a low rank officer in the company with little power or influence.

That said, I do not like what transpired in Colorado with the delegate thing...

[dragnet2]

Do what ya gotta do.

Cruz would have a better chance juggling flaming chain saws while unicycling, than getting my vote.

They’ve defecated on my country. And I no longer suffer from BVS, Battered Voter Syndrome, and I refuse any further abuse.