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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Bank Bailout 2: Obama Let... » Reply #23

Response to Robb (Reply #15)

Thu Feb 9, 2012, 05:24 PM

23. And there are so many things wrong with that one issue it's hard to keep track of them all

Without the suits on robo-signing, what happens to the chain of title question? That's kind of a big deal.

As was stated brilliantly here: "Weve now set a price for forgeries and fabricating documents. Its $2000 per loan."

The civil lawsuits on robo-signing were the EASY suits to investigate/prosecute. You realize how incredibly difficult and insanely expensive it is to investigate and prosecute the easy ones, right? The criminal cases (if any actually go forward to trial, which I doubt, primarily because of the difficulty of prosecution) will be nightmares. Yet we sold them away for NOTHING.

If all it was was to settle one issue, why give the banks $20,000,000,000.00 in NEW MBS business to pay for the write-down/refi part? Why throw another bailout into the mix?

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