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In reply to the discussion: Bank Bailout 2: Obama Lets Mortgage Abusers Off the Hook Leave No One Accountable [View all]sabrina 1
(62,325 posts)ONE CEO was indicted on that charge. So I guess they needed to hurry up to prevent any other small town DA from going ahead and indicting a few more of them. All of them are now off the hook for that crime.
And it's no thanks to the DOJ that this part of the whole fraudulent scheme was even discovered. The corruption of the record-keeping of home ownership was only revealed when ordinary people fought back against wrongful fore-closures and took their cases to court. One of those suits, in Florida, uncovered the robo-signing on behalf of Banks that could not produce proper documentation showing them to have the right to foreclose. From there it was discovered to be widespread across the country. So, I guess something had to be done to protect the criminals, and now it has.
And, robo-signing was not the only crime, but it is the one they have now been given immunity from and the one that could have landed lots of people in jail.