At long last we are FINALLY hearing some U.S. government officials (at the state level) talking about sending bankers to PRISON.

These were the opening, encouraging remarks (by New York AG Eric Schneiderman) from a Bloomberg article on this announcment:

"This was a man-made crisis, it was created by regulatory neglect and greed."

While it seems utterly incredible that it took FOUR YEARS for someone in U.S. government to reduce the Wall Street crime spree down to this simple summation, as they say "better late than never!"

Of course then almost immediately things return to the realm of FANTASY...

"“Beau Biden, who is the attorney general of Delaware, and I thought we really needed to dig in a little bit deeper,” Schneiderman said yesterday in an interview with MSNBC’s Rachel Maddow. “We’re also looking at the conduct of individual institutions and individuals to see if there were misrepresentations made, to see if there was any fraud committed, to see if criminal acts were also a part of this, and that’s what Beau and I are looking at.”"

After the largest white-collar crime-spree in the history of humanity (by a factor of AT LEAST 100), they want to determine IF there were "misrepresentations" and IF there was "fraud"???????



What do these f%&king idiots call it when they see a SERIES of mortgage documents where the mortgagee is LITERALLY listed as "Bogus Assignee"?

What do these idiots call it when some CLERK for one of these fraud-factories claims to SIMULTANEOUSLY call herself a "vice president" of more than a half-dozen of these fraud-factories?

What do these idiots call it when the banksters CREATE a new "fund" for their own clients - just so THEY can massively "short" that investment (and inflict HUGE losses on their own clients)?

This would be like U.S. investigators announcing the day AFTER the Kennedy assassination that they "were beginning to suspect foul play."

Nonetheless, at least these suit-stuffers are a TINY BIT less blind, deaf, and dumb than yesterday. I guess that's "progress"...


"New York Working With Delaware Officials on Criminal Foreclosure Inquiry"

www.bloomberg.com/news/2011-10-26/new-yo...closure-inquiry.html

New York Attorney General Eric Schneiderman is working with Delaware Attorney General Beau Biden to investigate possible “criminal acts” by financial institutions tied to the foreclosure crisis.

“This was a man-made crisis, it was created by regulatory neglect and greed,” said Schneiderman in an interview last night on the cable news network MSNBC. He has been investigating mortgage practices of banks as state and federal officials negotiate a settlement with lenders over foreclosure and mortgage-servicing conduct.

“Beau Biden, who is the attorney general of Delaware, and I thought we really needed to dig in a little bit deeper,” Schneiderman said yesterday in an interview with MSNBC’s Rachel Maddow. “We’re also looking at the conduct of individual institutions and individuals to see if there were misrepresentations made, to see if there was any fraud committed, to see if criminal acts were also a part of this, and that’s what Beau and I are looking at.”

All 50 state attorneys general last year announced they were investigating the foreclosure practices of banks following disclosures that faulty documents were being used to seize homes. Negotiations with banks including Bank of America Corp. and JPMorgan Chase & Co. have yet to achieve a settlement more than a year since the investigation began.
Bank of America

Representatives of Charlotte, North Carolina-based Bank of America and New York-based JPMorgan didn’t immediately respond to e-mails seeking comment after normal business hours.

Schneiderman and Biden have said any settlement with the banks shouldn’t provide liability releases to the companies for matters that haven’t been fully investigated, including the packaging of loans into securities.

Joe Rogalsky, a spokesman for Biden, didn’t immediately respond to an e-mail and phone message seeking comment after normal business hours.