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For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
You really think either party will attack those with the money and power?
NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
What crime was committed?
Really....who REALLY committed the crime...
The person who sold the mortgage....
OR...
The person who signed an affidavit stating that the information they claimed on their mortgage application was the truth to the best of their knowledge....knowing dam well that they were lying about their income.
i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
What crime was committed?
Really....who REALLY committed the crime...
The person who sold the mortgage....
OR...
The person who signed an affidavit stating that the information they claimed on their mortgage application was the truth to the best of their knowledge....knowing dam well that they were lying about their income.
With all apologies to my cousin and brother, you prove exactly why Marines are dickheads, nobodt willfully signs anything that they know to be fraudulent.
NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
When Hell freezes over???
i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
I, personally, lost money due to the mortgage meltdown.
I blame no one but myself. I invested with the hopes my money would make easy money for me. If I had won the gamble, I would say "good call"....and if I lost, I would say "bad call"
Bad call.
And I again say...the real law breakers were the ones who lied on their mortgage applications. When you sign an app there is a disclaimer that says when you sign it you are attesting to the validity of the information to the best opf your knowledge.
The NINJA loans opened the door to the consumer to act illegally and unethically....if anyone actually broke a law...it was the ones that lied when they signed the affidavit.
i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
I, personally, lost money due to the mortgage meltdown.
I blame no one but myself. I invested with the hopes my money would make easy money for me. If I had won the gamble, I would say "good call"....and if I lost, I would say "bad call"
Bad call.
And I again say...the real law breakers were the ones who lied on their mortgage applications. When you sign an app there is a disclaimer that says when you sign it you are attesting to the validity of the information to the best opf your knowledge.
The NINJA loans opened the door to the consumer to act illegally and unethically....if anyone actually broke a law...it was the ones that lied when they signed the affidavit.
Some of you bought a brandnew car off the lot that turns out to be a lemon you blame yourself for that and excuse the treachery of those that sold it to you? Retarded, there are laws against it but you wouldn't use them.
What crime was committed?
Really....who REALLY committed the crime...
The person who sold the mortgage....
OR...
The person who signed an affidavit stating that the information they claimed on their mortgage application was the truth to the best of their knowledge....knowing dam well that they were lying about their income.
With all apologies to my cousin and brother, you prove exactly why Marines are dickheads, nobodt willfully signs anything that they know to be fraudulent.
Are you sertious?
Do you not know what took place with the mortgage crisis?
PEOPLE TOOK LOANS THAT THEY COULD NOT AFFORD.
EVERY LOAN WAS REVIEWED BY AN UNDERWRITER AND THE APPROVAL WAS BASED ON THE INFORMATION ON THE APPLICATION.
IT WAS FOUND THAT THOSE THAT KNEW THEIR INCOME AND JOB HISTORY WAS NOT GOING TO BE CHECKED INTO, LIED IN AN EFFORT TO GET THE LOAN.
THEY BELIEVED THAT WHEN THE ARM EXPIRED THEY WOULD BE ABLE TO REFINANCE MAKING THE LAOI AFFORDABLE FOR THEM SO THEY WERE NOT CONCERNED.
You just showed how naive you are as to what happened.
I suggest you retract your insult to the marines.
NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
With all apologies to my cousin and brother, you prove exactly why Marines are dickheads, nobodt willfully signs anything that they know to be fraudulent.
Are you sertious?
Do you not know what took place with the mortgage crisis?
PEOPLE TOOK LOANS THAT THEY COULD NOT AFFORD.
EVERY LOAN WAS REVIEWED BY AN UNDERWRITER AND THE APPROVAL WAS BASED ON THE INFORMATION ON THE APPLICATION.
IT WAS FOUND THAT THOSE THAT KNEW THEIR INCOME AND JOB HISTORY WAS NOT GOING TO BE CHECKED INTO, LIED IN AN EFFORT TO GET THE LOAN.
THEY BELIEVED THAT WHEN THE ARM EXPIRED THEY WOULD BE ABLE TO REFINANCE MAKING THE LAOI AFFORDABLE FOR THEM SO THEY WERE NOT CONCERNED.
You just showed how naive you are as to what happened.
I suggest you retract your insult to the marines.
No, banks gave subprime loans to people with bad credit which isn't the same as giving loans to people who can't afford them you dickhead and its still on lenders. The housing bubble debacle is proof that supply side economics is bullshit.
Nice spin though Comrade.
With all apologies to my cousin and brother, you prove exactly why Marines are dickheads, nobodt willfully signs anything that they know to be fraudulent.
Are you sertious?
Do you not know what took place with the mortgage crisis?
PEOPLE TOOK LOANS THAT THEY COULD NOT AFFORD.
EVERY LOAN WAS REVIEWED BY AN UNDERWRITER AND THE APPROVAL WAS BASED ON THE INFORMATION ON THE APPLICATION.
IT WAS FOUND THAT THOSE THAT KNEW THEIR INCOME AND JOB HISTORY WAS NOT GOING TO BE CHECKED INTO, LIED IN AN EFFORT TO GET THE LOAN.
THEY BELIEVED THAT WHEN THE ARM EXPIRED THEY WOULD BE ABLE TO REFINANCE MAKING THE LAOI AFFORDABLE FOR THEM SO THEY WERE NOT CONCERNED.
You just showed how naive you are as to what happened.
I suggest you retract your insult to the marines.
No, banks gave subprime loans to people with bad credit which isn't the same as giving loans to people who can't afford them you dickhead and its still on lenders. The housing bubble debacle is proof that supply side economics is bullshit.
Are you sertious?
Do you not know what took place with the mortgage crisis?
PEOPLE TOOK LOANS THAT THEY COULD NOT AFFORD.
EVERY LOAN WAS REVIEWED BY AN UNDERWRITER AND THE APPROVAL WAS BASED ON THE INFORMATION ON THE APPLICATION.
IT WAS FOUND THAT THOSE THAT KNEW THEIR INCOME AND JOB HISTORY WAS NOT GOING TO BE CHECKED INTO, LIED IN AN EFFORT TO GET THE LOAN.
THEY BELIEVED THAT WHEN THE ARM EXPIRED THEY WOULD BE ABLE TO REFINANCE MAKING THE LAOI AFFORDABLE FOR THEM SO THEY WERE NOT CONCERNED.
You just showed how naive you are as to what happened.
I suggest you retract your insult to the marines.
No, banks gave subprime loans to people with bad credit which isn't the same as giving loans to people who can't afford them you dickhead and its still on lenders. The housing bubble debacle is proof that supply side economics is bullshit.
The Housing Bubble Crisis was proof of heavy Government Regulation, failed policies, and corruption, best to leave it at that.
This argument about Free Market being bad is bullshit. I'll take trading in paper over trading in bullets and Tyranny any day.
i think the question is a bit more complicated than simple politics and who butters the bread. I'll be the first to lineup any Wall Street folks who committed fraud or violated the public trust.
However...if the complaint is that firms sold worthless MBS's and CDO's to other firms, that in-and-of itself is not illegal by any means. It would only be a problem if they sold assets without proper disclosure. We don't have laws to protect Wall Street firms from their own stupidity.
I, personally, lost money due to the mortgage meltdown.
I blame no one but myself. I invested with the hopes my money would make easy money for me. If I had won the gamble, I would say "good call"....and if I lost, I would say "bad call"
Bad call.
And I again say...the real law breakers were the ones who lied on their mortgage applications. When you sign an app there is a disclaimer that says when you sign it you are attesting to the validity of the information to the best opf your knowledge.
The NINJA loans opened the door to the consumer to act illegally and unethically....if anyone actually broke a law...it was the ones that lied when they signed the affidavit.
Are you sertious?
Do you not know what took place with the mortgage crisis?
PEOPLE TOOK LOANS THAT THEY COULD NOT AFFORD.
EVERY LOAN WAS REVIEWED BY AN UNDERWRITER AND THE APPROVAL WAS BASED ON THE INFORMATION ON THE APPLICATION.
IT WAS FOUND THAT THOSE THAT KNEW THEIR INCOME AND JOB HISTORY WAS NOT GOING TO BE CHECKED INTO, LIED IN AN EFFORT TO GET THE LOAN.
THEY BELIEVED THAT WHEN THE ARM EXPIRED THEY WOULD BE ABLE TO REFINANCE MAKING THE LAOI AFFORDABLE FOR THEM SO THEY WERE NOT CONCERNED.
You just showed how naive you are as to what happened.
I suggest you retract your insult to the marines.
No, banks gave subprime loans to people with bad credit which isn't the same as giving loans to people who can't afford them you dickhead and its still on lenders. The housing bubble debacle is proof that supply side economics is bullshit.
You are wrong.
They denied loans to those with bad credit.
They gave loans to people who were unable to afford them. They lowered the income standards for loans and they also lowered the "backgoruind check" standards...not asking for proof of income.
It was believed by all that they will be able to afford the low ARM rate offered...and when the prime+ rate kicked in, they would be able to refinance.
