Economy

Fuddnik

(8,846 posts)

34. Isn't that called perjury?

Sat Dec 17, 2011, 07:07 AM

Dec 2011

Financial penalties? How about at least the threat of some serious jail time, to get the rats squealing?

Financial penalties my ass. It just becomes the cost of doing business. And if you don't get caught, it's all gravy.

"According to court documents, "This action arises out of a series of materially false and misleading public disclosures by the Federal National Mortgage Association ("Fannie Mae" or the "Company"." Between December of 2006 and August of 2008, the case alleges, those charged "made or substantially assisted others in making materially false and misleading statements regarding Fannie Ma e ' s exposure to subprime and Alt-A loans."

...Finally, we are holding the greedy thieves who wrecked the economy accountable for the disasters they created. I wonder what Occupy Wall St. might have to do with that?"

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Isn't that called perjury? Fuddnik Dec 2011 #34

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