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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  But it's an ongoing crime, especially (3+ / 0-)
    Recommended by:
    ericlewis0, TimmyB, CuriousBoston

    the cover-up part, so can there even be a statute of limitations set?

    •  Yes, good point (4+ / 0-)

      There is also a concept in SOL law that it only begins running from when the crime (or tort) was discovered, or should have been discovered.

      For example, if a missing person case becomes a murder case after a body is found 50 years later, and the SOL for murder is 50 years, then you are not off the hook.

      So, a similar analysis could apply to the securitization of shitty loans, but time will tell.

      You never trust a millionaire/Quoting the sermon on the mount/I used to think I was not like them/But I'm beginning to have my doubts -- The Arcade Fire

      by tomjones on Fri Feb 10, 2012 at 07:29:19 AM PST

      [ Parent ]

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