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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Thehammer who wrote (7566)1/26/2012 3:34:38 PM
From: koan  Read Replies (2) | Respond to of 85487
 
The head of countrywide? How about Moody's and S and P giving AAA ratings to sub prime loans or Goldman Sachs selling loans they knew were shit and were shorting?

Congress did a big investigation and there is a lot of fraud documented, but congress stalled the investigation.

But if there is little fraud, why not investigate it and they they can all be cleared? I can assure you a full blown honest and agressive investigation would put thousands in jail for the simple fraud that if any realtor engaged in would have their license taken away.

<<And no one went to jail, even though much fraud is known

What individual comes to mind? I se a ton of incompetency but not a lot of fraud. I would seriously look at Jon Corzine though as it looks to me that they violated the Securities and Exchange Act of 1934 as well as Sarbannes-Oxley...