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Posts Tagged ‘Federal Reserve oversight of foreclosure settlement’

Rackets + Inmates Run Asylum = Banana Republic Recommended

Posted by Larry Doyle on April 12th, 2013 8:06 AM |

Not that we needed any further evidence that the inmates on Wall Street are running the asylum in Washington or that our nation is seriously eroding from within, but recent testimony regarding the settlement of the mortgage foreclosure debacle provides it.

You recall the shenanigans within this foreclosure fiasco where the banks often employed individuals for $10/hour to robo-sign documents and illegally foreclose on people’s homes, don’t you? I defined this specific practice and much of what it encompassed as part and parcel of an enterprise that could only be described as racketeering. Well, there’s more.  (more…)






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