Will Bankers Go To Jail For Foreclosure-Gate?

Will Bankers Go To Jail For Foreclosure-Gate?

curiouscapitalist.blogs.time.com

One of the amazing developments of the unraveling of the financial crisis has been the fact that there have been so few people we can actually point to and say without a doubt that guy or gal is a crook. Yes, Bernie Madoff and his fellow ponziers, but they were only flushed out by the financial crisis.....

I'm just saying it could get messy for some bank higher-ups.

But the real blood on the Street would be......

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Related AboveTopSecret.com Discussion Threads:
All 50 States Launch Investigation In Foreclosuregate, Wall Street Nightmare Becomes Real

If they do, then its about time they deserve it.

Mortgages were pledged to multiple buyers at the same time!!!

The FBI is brought in to investigate criminal intent.

Were the Banksta's just victims of the overwhelming housing market collapse, or are they deviant greedy crminals?

Banks were selling the same loan over and over to multiple investors. It’s why property right protections are not just ‘paperwork’, they actually protect property rights.

Of course there will be the sacrifical lambs...the targeted ones who are scapegoated for the real criminals.

Send them all to jail, and no get out of jail free cards.





curiouscapitalist.blogs.time.com
(visit the link for the full news article)

The people have to do it.

You can't expect the richest people to not buy off individuals in positions of power.

You want something done? YOU have to do it.

Look at the state of Britain. The bankers here have completely got away with their evils here and are still up to the same old tricks. Nothing has changed, the people here are too afraid of the consequences of taking action.

reply to post by burntheships


The higher ups in the banking will go scot free.
They probably already have their scape goat
victims ready to serve a prison sentence.

reply to post by burntheships


Meh...

It'll be a bad day for one or two middle management types who didn't pay their good ol' boy dues, or who didn't play by the rules of the club. But other than that - a token prosecution or two - nobody of any consequence will ever see prison time, or even have to pay back a single penny.

Look at the reality here... A small group of megabanks nearly capsized the entire western world and what was the very first thing that happened?

We handed them billions of dollars more.

Let's face it... Money talks and everything else walks. And these folks control all the money. Therefore we can pretty quickly guess who Washington will be listening to regarding all this - the ones with enough money to do all the talking.

~Heff

Not a chance. They'll point the finger at contractacted law firms and the whole thing will die procedurally.

No one went to jail for the shenanigans that tanked the economy did they? Widespread fraudulent appraisals, fraudulent applications, manipulated investment products, insider betting against their own investment products. The entire system is cooked.

Save the World --- Eat a Banker.

reply to post by jtma508

I have the feathers, anyone got any tar??

I got a feeling this one might be big enough to sacrifice some of those too big to fail banks..but well...as far as jail time....
ya, probably for those poor hairdressers and pizza delivery guys that they bribed into doing the dirty work.....

you will find the real masterminds probably in the white house as advisers to our new president in 2012!!

I wrote a letter to one of my elected representatives to the house about a week ago....
just wondering, if the banks have to go to the extent of fraud to foreclose on someone, well, will they be delivering me a fraudulent title after I pay off the mortgage??
I haven't received an answer as of yet....which I imagine if the guy thought their wasn't a chance of that being the case, well, he would have gotten back to me by now, assuring me that all was fine, and please, please, keep paying on the thing!!!

if I am right on that, and they have screwed up the property rights of most of the real estate in this country, well....
they should be tried as traitors to the country..along with their buddies in the gov't!

I think they have managed to devalue our homes to next to nothing...ya, you can live in it, as long as someone doesn't come out of the woodwork claiming to be holding a share in that mortgage, and then well....
it won't be yours anymore, because well, ya see...the gov't and their laws stopped working for us.....it's the investors, and too big to fails that matter...
without a clear chain of ownership, no title insurance company is gonna want to insure it, you won't be able to sell the house, probably won't be able to refi it, but, oh ya, please, please, keep on paying on it!!

I bet it's the fine gov't that ends up owning most of the real estate in the country!!
like I've said over and over again, dem, republican, doesn't matter, they're just two sides of the same coin, rolling in the same direction...communism, socialism, whatever you want to call it...but to put it simple, they own everything, and you kiss you know what to get whatever they decide you are worthy of!

reply to post by Zamini


That is exactly correct, the People have to be the ones to insist that the law be applied. Basically every banker that has taken part in the Federal Reserve scam on the American People needs a very long prison sentence. Americans were warned on the dangers of a central bank, and they did not listen, so here we are now. The dollars in your pocket are basically worthless, and you owe them all back, plus interest, to the FED. The Federal Reserve and the Internal Revenue Service are not a part of government, never were, nor are either "Federal," one is the crime boss, the other is the enforcer.

Quotes on Banking and the Federal Reserve

Billions for the Bankers, Debt for the People The Real Story of the Money-Control Over America

The Money Changers: The Federal Reserve, Robbery by Deceit

It is YOUR country, not theirs. Think about it.

Given the history of investigations and prosecutions since the economic crisis started (count from either 2000 or 2008 your pick) the number of prosecutions have been negligible. The Tea Party started off with potential to address this as the rampant criminality in the financial system was one of the (now forgotten) main reasons of protest by the very first Tea Partiers. Now that they have been fully co-opted by the establishment GOP(and by its financial interests) they say nothing about the criminality of the TBTF. I don't have much faith that the system will deal with the white-collar-financial-criminals in a manner that is just and shows that they live under the rule of law as the rest of us are expected to.

"Why do bankers have to wear ties? So when you catch one you don't need to find a rope."

heres a pretty good article that lasys out the mortgage processing transgressions...

it wasn't no error involved... it was mostly the need-4-speed in processing the
lucrative fees, commissions, pay-outs that was of the most concern to the agencies.

usawatchdog.com...


Guess what? Some investors are already demanding their money back
from companies like Countrywide Mortgage because it didn’t maintain
“accurate loan records,” and that is “in violation of underwriting guidelines.”
This week, investors asked for $47 billion back in a demand letter
delivered to Countrywide! Because Bank of America bought Countrywide
a couple of years ago, B of A is on the hook for the refund.
(Click here for the complete story from PR Newswire.) This kind
of investor outrage is just the beginning and will only intensify
in the days and weeks to come. Will the Fed be forced to, once again,
save the big banks by printing trillions of dollars? Who knows,
but the banks cannot afford to buy back all their sins without going bust!
[...]

BoA on the hook for $47BN right now, others are sure to follow...

then we will get into the faulty MBSs that were concocted...

and my guess is that $1.4 Trillion of mortgages
were sliced & diced into $2.5 Trillion worth of MBSs
and other fraudulent investment paper so as to generate commissions & fees
and hopefully the mountains of extra bonds and securitization papers
would take decades to be discovered...perhaps when the first
deed and titles were due to be released from the lien holders....
and issued to the people that bought the real estate.

reply to post by burntheships


Nope, congress will retroactively legalize foreclosure fraud.

Get ready to bend over once again, America

Originally posted by EnactedEgoTrip
Look at the state of Britain. The bankers here have completely got away with their evils here and are still up to the same old tricks. Nothing has changed, the people here are too afraid of the consequences of taking action.

You can start by investigating your own end of the bank paper-trail for any discrepancies in their dealings with you (and with third parties regrding you)

Make Subject Access Requests to any financial institution you have a current account/loan/mortgage with, costs £10 to make each one if to separate companies, but if you have any combination of account/loan/morgage with the SAME bank then its a single tenner payment, and the company you make the request to has a legal obligation to supply you with it all within 40days or face a legal liability

You'll be legally entitled to copies of all internal notes and logs regarding your personal information, statements, copies of any letter ever sent, recording of telephone calls held, etc. Just be prepared for a large stack containiing thousands of pages of data!

If we were REALLY minded to create chaos, a well orchestrated large group could file thousands of these requests at the same time...why try and smash the beaurocratic machine, when its far easier to bring the wheels to a shudder with a massive paper-jam

Originally posted by mamabeth
reply to post by burntheships

 

The higher ups in the banking will go scot free.
They probably already have their scape goat
victims ready to serve a prison sentence.

Yes, they will throw out a few sacrificial victims but they will be middle management at best.

It is not like we can all transfer all our accounts to local credit unions and break the monopoly of the banks, interest free liberty dollars, local credit union notes or coins of precious metal. However, if we did it would break the back of the banking industry if we did and put them in fear of 'us'. Unlike JFK or Lincoln the banking cabal would have no one single target to assinate.

Check out the thread I started about the "Foreclosure Mill" employees.

www.abovetopsecret.com...

Yeah, nothing will be done to the banks.

They may give us a bone, one person to blame all this on, so that people will feel "justice" has been served...

What a crock of $&#*.

If this doesn't send them to jail nothing will...At the present these B@stards are untouchable. We as americans cannot continue to allow this any longer....very angry right now.

OUTRAGE: Morgan Stanley banker escapes felony charges for hit and run 'because it could jeopardize his job'

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