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Posts Tagged ‘racketeering violation on Wall Street’

Mortgage Settlement Defines Racketeering

Posted by Larry Doyle on March 13th, 2012 5:51 AM |

If the Wall Street mortgage settlement is supposed to define justice, then crime certainly does pay.

Having asked repeatedly in 2011 whether Wall Street mortgage servicing practices qualified as a racket and thus the charges filed should have been addressed as a RICO violation, yesterday we received our answer.

By any measure of ‘sense on cents’, the evidence provided screams of a RICO violation. The verdict delivered?  (more…)






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