Skip to main content

View Diary: Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived? (154 comments)

Comment Preferences

  •  So Capitalists Were Protected (1+ / 0-)
    Recommended by:

    This landmark is good news for justice. But it's specifically good news for Flagstar's insurer, which will receive the $90M penalty from Flagstar. So the system worked. For the mortgage insurer.

    I'm not that surprised that the publicly funded court system has eventually turned a profit for the other bank that had to cover Flagstar. It's a bank - we pay for the justice that benefits banks.

    I don't see anything in this case that says borrowers can expect justice for the damage done them by lenders. Or the public getting a return on its investment in either the upfront funding these crooked banks, or on the bailout that has made them even bigger than too big to fail was.

    "When the going gets weird, the weird turn pro." - HST

    by DocGonzo on Thu Feb 07, 2013 at 05:37:59 AM PST

    •  Your observations are 100% accurate, IMHO n/t (0+ / 0-)

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Thu Feb 07, 2013 at 06:36:41 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site