Bank probes expanding with new investigation

Bank probes expanding with new investigation

www.reuters.com

U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

(visit the link for the full news article)

YES! This is what needs to happen.

All signs point to massive corruption by our largest banks and investment companies to rob the public of their wealth through deceptive means. The GW admin looked the other way while this went down, just as they looked the other way when California's phony energy crisis was created.

How convenient that just as the boomer generation was beginning their retirement, the time when they would begin to pull their money out of the stock market to finance their retirements, that the big investment companies conspired together to perpetrate massive widespread fraud on the people who had invested in the markets in order to finance their retirements.


www.reuters.com
(visit the link for the full news article)

You have to admit its an irony that reuters is bringing this news as its owned by the rothschilds, lol.

Can reuters and ap bring us some dirt on the rothchilds?

The timing is more than a coincidence. One can wonder how long in advance this plan was hatched. Finance CEOs have been lining their pockets with the money going into the stock markets from people investing their money for retirement ever since banking de-regulation was enacted. They have robbed the public by fixing the system to their advantage in a way that Vegas casinos could only dream about.

It is one thing to gamble your money when you know the odds, but when you are told you are putting your money into sound investments which are worthless crap, then you are being conned.

The actions of these Wall Street crooks in this unraveling of our economy should not go unpunished.

reply to post by andy1033


Doesn't matter who is reporting it, as long as it is happening.

It just means that the story will be twisted by mainstream press, which is what we see daily anyway.

Taking down this criminal system isn't going to be easy, and they will fight every step of the way.

Sad that some people will bury their heads in the sand at the first opportunity.

Looks like the Obama admin is continuing to do their job in dealing with this matter.

www.latimes.com...

Saying it had been stonewalled, the federal commission investigating the financial crisis on Monday took the unusual step of issuing a subpoena to Goldman that demanded information about the investment bank's role before and during the mortgage meltdown and credit crunch.

It is starting to look like the fed has drawn first blood, and the chase is on. Hopefully Goldman Sachs is just the first of the big prey Obama needs to bring in.