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Two New Fraud Deals Show Wall Street's Washington Insiders at Work

Business  (tags: Washington, Wall Street, negotiating table, fraud deals, revolving door, attorneys, government officials, too-big-to-fail, same BS, SEC, reviewers, Promontory, B of A, Fannie Mae, The People NOT )

- 1047 days ago -
Everybody knew the drill: Ignore the potential criminal charges and agree on settlement figures they think the public will swallow - big enough to sound impressive, far smaller than the banks' ill-gotten gains. They've done this dozens of times before.

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Bianca D. (87)
Sunday January 13, 2013, 8:13 pm
Based on the nosedive taken by savings acct interest rates, I used to think, "the banks never lose"... Looks like it's creepier than that. Ugh.

David C. (29)
Sunday January 13, 2013, 11:12 pm
This happens a lot in these deals. Get used to it.

Roger Garin-michaud (139)
Monday January 14, 2013, 1:25 pm
noted, thanks !

Past Member (0)
Tuesday January 15, 2013, 9:28 pm

Robert O. (12)
Wednesday January 16, 2013, 12:30 am
Thanks Judy.

Kathleen R. (138)
Wednesday January 16, 2013, 12:52 pm

Past Member (0)
Wednesday January 16, 2013, 2:42 pm
I plead with the next nut case with a gun, not to go after our children and grandchildren in schools, but go after the criminal banksters on Wall Street, a much more deserving victim.

Rilde WildeThang (9)
Wednesday January 16, 2013, 4:34 pm
There may be quite a few who are leaving the economic system, mortgage market, and mass consumerism altogether. The counter culture ideas of the 60's are even more relevant today. The warfare state is immoral and it is best to stay as far out of it as possible. Buying into the system as if Nixon's impeachment was a victory it was not... what the war machine did was a bloodless sacrifice just in order to begin destroying all vestiges of a counter culture and anti-war ferver in favor of the new Love of War and the S&M of torturing anyone we want, guilty or not. That is just like the witch hunting, if you drowned you were innocent. If you weren't innocent then you were slow-charred at the stake so the devil was driven out of you befoe you actually died

Lois Jordan (61)
Wednesday January 16, 2013, 4:49 pm
Noted. Thanks, Judy. Just depressing! I guess we in the 99% haven't yet reached a "critical mass" to combat these greedy thieves. But, I'll keep signing petitions and sending letters of complaint to my Congress critters and POTUS. Let them know how you feel at

Tim C. (2423)
Thursday January 17, 2013, 10:09 am

june t. (66)
Friday January 18, 2013, 12:38 am
thanks for the article
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