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William K. Black and L. Randall Wray Posted: Tuesday, October 26, 2010 5:32PM
-After a quick review of its procedures, Bank of America this week announced that it will resume its foreclosures in 23 lucky states next Monday. While the evidence is overwhelming that the entire foreclosure process is riddled with fraud, President Obama refuses to support a national moratorium. Indeed, his spokesmen on the issue told reporters three key things. As the Los Angeles Times reported:
Originally posted by boondock-saint
so please tell me what happens when
Obama's Attorney General comes back
with his results from the banking scandal
and finds everything is legit and legal
and then .......
All 50 States Attorney Generals find massive
fraud in their investigation?
Whose results trump whose?
Could this be the start of war?
Originally posted by Lord Jules
They'll blame it all on one guy, like Maddoff, or the French guy that was an underling and is now forced to pay billions of dollars to the state. The system will blame one individual, most likely a day trader, and give a pass to the system as a whole. I hope this doesn't happen but that's what history shows.
Originally posted by Lord Jules
They'll blame it all on one guy, like Maddoff, or the French guy that was an underling and is now forced to pay billions of dollars to the state. The system will blame one individual, most likely a day trader, and give a pass to the system as a whole. I hope this doesn't happen but that's what history shows.