Hartmann: A
French Revolution on Corps - off with their Corporate Heads! ...We learned this week that Wall Street needs to lawyer up - because the Federal Housing Finance Agency is filing suit against more than a dozen of the nation's biggest banks - accusing the
banksters of selling junk-mortgage securities to investors - which was the trigger of Bush's 2008 financial crisis. Mortgage lending giants
Fannie Mae and
Freddie Mac lost more than $30 billion after the banksters hustled them into buying these piles of mortgage junk - and now the government is coming to collect. - Thom Hartmann; The Big Picture
Remember when you point the finger at someone there's three pointing back at you!
ReplyDeleteGovernment is also filing suit against banks for discriminatory lending practices because they are not lending enough money to people who do not qualify for conventional mortgages. Part of the settlement is that the lenders cannot discuss or disclose the terms or amounts of the settlements.Damned if you do and damned if you don't.Where is the MSM on this one? Asleep at the wheel again.Sounds like a recurring nightmare to me.
ReplyDeleteSounds like Bernanke and Geitner as covering their a$$es to me...
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