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Source:
Mortgage Fraud Epidemic: How the FBI Blew It and Why There’s No ‘Perp Walks’
Aaron Task
Yahoo Tech TIcker Apr 06, 2009 08:00am
http://finance.yahoo.com/tech-ticker/article/225823/Mortgage-Fraud-Epidemic:-How-the-FBI-Blew-It-and-Why-Theres-No-Perp-Walks
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent? A: To prove they have a sense of humour.
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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May 3rd, 2009 at 2:58 pm
[...] Via Barry Ritholtz The Big Picture: [...]
May 4th, 2009 at 10:24 pm
Multiply this by nearly every institution in America and you’ve got the big picture, total corruption. GAME OVER.
May 5th, 2009 at 1:50 am
It’s great to talk about this stuff after the fact, huh?
“Gee Dad, how those rascals get away with it? Well son, you need to understand something about the majority of Americans, they’re fat, aloof and just plain dumbed-down from their idiot boxes. They’ve let their government become huge, expensive and corrupt and they’re too stupid to do anything about it. The only thing they can do now is to talk about it after the damage is done. It keeps them from getting bored I guess….”
May 5th, 2009 at 11:40 am
We would have to put in jail too many people, from CEO’s on down. There is no will and probably not enough money to investigate, indict and prosecute all of the thousands of criminals involved. Think of it, the banks, investment banks, mortgage companies, AIG, and the ratings agencies. Combined with the real estate agents and the scam artists at the lowest level.
There is no will to prosecute those who are guilty of war crimes, much less a “little” white collar mortgage fraud. (cough)
Those who hold all of the ill gotten gains at the top sure ain’t pushing for any investigations, that is for sure and they aren’t talking, either.
May 6th, 2009 at 9:47 am
ronin,
to your point:
“The reality is we are fast approaching a genuine surveillance society in the United States – a dark future where our every move, our every transaction, our every communication is recorded, compiled, and stored away, ready to be examined and used against us by the authorities whenever they want. The ACLU has created this Surveillance Clock to symbolize just how close we are to a “midnight” of a genuine surveillance society.”
http://www.aclu.com/privacy/spying/surveillancesocietyclock2.html
distracted from the *Real action..
May 6th, 2009 at 5:48 pm
[...] Why FBI Blew The Mortgage Investigation [...]