Eric Holder didn't send a single banker to jail for the mortgage crisis. Is that justice?

[grahamhgreen]

And banks and lenders carried through that fraud to every level of the mortgage process. They committed origination fraud through faulty appraisals and undisclosed trickery.

They committed servicing fraud through illegal fees and unnecessary foreclosures.

They committed securities fraud by failing to inform investors of the poor underwriting on loans they packaged into securities.

They committed mass document fraud when they failed to follow the steps to create mortgage-backed securities, covering up with fabrications and forgeries to prove the standing to foreclose.

http://www.theguardian.com/money/us-money-blog/2014/sep/25/eric-holder-resign-mortgage-abuses-americans

[lame54]

1. but he did fine them a few pennies on the dollar...

that'll show 'em

[DontTreadOnMe]

2. When a national level crime occurs... do we expect the Attorney General to take action?

Has any reporter asked that question directly to him?

[leftstreet]

3. A 'national level' bailout occurred, so what's the difference?

[gladium et scutum]

4. National level crime

The AG would not launch into a major prosecution effort of national level financial figures without the concurrence of his immediate superior. Has anyone asked the President at question directly? JMO

[grahamhgreen]

5. Fair question.

[QC]

6. BUT NONE OF THAT IS ILLEGAL!!1!!!

You meanie!!!!! You just hate him!!!!!!!!!!! HATER!!!!!!!!111!!!!



That's the official Loyalty Brigade talking point, anyway.

[grahamhgreen]

7. LOL

[el_bryanto]

8. That's not justice

But I don't think that was his call either. I think the fix was in before Obama took office - although it is clear that had he been in office he would largely have done what Bush did.

Both parties are wall street parties - they might differ on other issues, but not as much on that one.

edited to add - the tragedy is that by not holding Wall Street accountable, they have set the table for the next meltdown and the meltdown after that until someone finally has to get tough with Wall Street (or until the United States economy permanently collapses).

Bryant