Show Me the America that has Forgotten About Wall Street’s Foreclosure Fraud

[xchrom]

http://www.nationofchange.org/show-me-america-has-forgotten-about-wall-street-s-foreclosure-fraud-1409315356



We all remember the Government Bailout of 2008 – the largest bailout gift by our government to the biggest banks in the country. That was the year when we also learned who is too big to fail: the same banks that brought our economy to the edge of the abyss.

What has changed since then? Have we seen any criminal prosecutions of those responsible for bringing our economy to the edge of collapse? No, but we did find out via the Freedom of Information Act that the official bailout dollar amount reported by our government wasn’t $700 billion, but a breathtaking $7.7 trillion.

Also, as to be expected, after the historic bailout the five biggest banks – JP Morgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs – became even bigger than before.

How to Settle Fraud?

In the last few years, we’ve witnessed numerous settlements between the biggest banks and various government agencies and investors. Many questions surface when you read about these settlements, such as: How and why is our government at peace with this process – to settle a crime instead of prosecuting it? And perhaps more worrisome: Is our society experiencing the frog-in-the-boiling-water effect? Otherwise how else do you explain the almost complete public silence even after many details about the bailouts and settlements are made public?

[daleanime]

1. K&R....

[L0oniX]

2. K & R

[onethatcares]

3. I explain the silence to

an almost total overload of bad news.

I have a feeling that many people know or think that if they step out of line it only takes a phone call to destroy ones credit or life

history. It might sound like a movie plot but how easy is it for the credit rating industry to just post some false shit on an account

that takes years to undo? Or to not post anything at all. Or for a too big to jail bank to post a deposit or payment three days late?


The home of the brave is run by the banksters, the democracy thing has just been dieing a slow slow death.

[Octafish]

4. Our nation's news media have failed to give Banksters their proper attention.

If they followed the story -- every bank, CEO, player, sub-plot and angle -- they would come to the conclusion that the problem is systemic. If people knew that the system was more than broken, it is corrupt, they might get the idea to demand Washington correct the problem. Then the media would have to examine that problem, the corrupt banks have corrupted Washington, too.

Neil Barofsky, once the inspector general for TARP, explained:

Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Linette Lopez
Business Insider, Aug. 1, 2012, 2:57 PM

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

SNIP...

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

For regulators it's something like this:

[font color="green"]"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate," Barofsky said.[/font color]

CONTINUED... http://www.businessinsider.com/neil-barofsky-2012-8

Few bought his book. It wasn't, for some reason, promoted much in print or on the tee vee.

[ReRe]

8. The incentive, it seems, is to...

... do the wrong thing, rather than the right thing, both in the media and in the beltway. We're a rogue nation, Octafish, with two distinct sets of laws. One for us (the 99%), one for them (the 1% and the media and government that promotes them.)

[zeemike]

5. The public is silent because they don't have a voice.

All we have is the internet and they have every news outlet in the country to saturate the conversation with lots of fear and excuses why they are screwing us.
And our political leadership who should be our voice has become silent, to keep the money flowing into their bank account.

[JEB]

6. Many many people are just struggling to survive

their subjugation by the corrupt elites. If they have any time to think about the "big picture", it is easier to get a few canned ideas from the TV. Then back to work trying to pay for mortgage/rent, insurances, transportation, utilities. Life has been reduced to one long hustle for the peons in this country. Most are just hoping to make it through and give their kids a fighting chance.

[leftstreet]

7. DURec

[ReRe]

9. K&R

The eternal question of my life: Why?

[Scuba]

10. Kick.