They knowingly sold Mortgages that were designed to fail. They bundled them and sold them as investments and poisoned our Economy. Legal?
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I was told it was a 'low cost loan.' They never bothered to tell me that the unpaid interest was just being diverted to back end of loan.
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The greatest fraud ever perpetuated on the American Consumer.
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They also tanked the economy and took nearly $1 trillion in welfare without required drug tests, so maybe we should make something illegal?
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Yeah, when you have Congress making sure that anything you do, regardless of how reprehensible, is not a crime... It's actually easy.
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Then our laws are totally inadequate.
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That's not what my MP
@DavidHansonMP &@normanlamb think over@RBS EFG Fraud@GouldsBlog@SMEAllianceLtdpic.twitter.com/TY7k08ecwS
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This is wrong. Just ask the people who lost everything. Ask them if the banks did no wrong.
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LIBOR fraud, ISDAfix, gold/silver spoofing. Haven't committed a crime? Here is an honest article about the banks:http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425 …
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I guess fraudulently presenting loans for approval has a new name?
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Now that's a whopper ! When you employ the lawyers & support elected officials Re- Election campaign. The lack of action is a huge surprise
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"most financial errors aren’t crimes"...Author throws this in this astoundingly ignorant or willfully excusing obvious WS fraud.
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This would be hilarious if it wasn't so fucking sad... how many Americans are STILL suffering bc of these shitbags?https://mobile.nytimes.com/2014/01/22/business/economy/the-cost-of-the-financial-crisis-is-still-being-tallied.html …
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This headline is repulsive
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