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View Diary: BREAKING: Justice Dept Misled Public on Mortgage Fraud Probes, Eviscerated By Inspector General (248 comments)

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  •  $TRILLIONS in Mortgages (10+ / 0-)

    The FBI is also spying on you through your webcam, evidently a higher priority than mortgage fraud. There are obviously lots of other crimes it prioritizes below those you mentioned, but also above mortgage fraud.

    The mortgage frauds we're talking about isn't the single crime you're talking about (though that was worth probably $100-200K, times 2-5 when mortgage/ARM interest is counted).

    It's the $2-10 TRILLION in fraud perpetrated on the mortgage holders. Underlying $45-65 TRILLION in derivatives that were thereby a fraud. And costing the US $8-10 TRILLION in direct bailouts, but probably $40-100 TRILLION in consequential losses (which have continued to multiply).

    We're talking about the entire banking system, US and global. Entire foreign countries lost for decades, like Greece and Spain. 40% of the US stock market (AKA "US pension savings").

    Then there's the layers of government corruption enabling bankers and their gangs first to pull it off, then (now) to get away with it. Right down to the FBI corruption dropping cases as exposed by the IG in this story.

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

    by DocGonzo on Fri Mar 14, 2014 at 05:41:32 AM PDT

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    •  precisely n/t (0+ / 0-)

      Follow me on Twitter @jonathantasini

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      by Tasini on Fri Mar 14, 2014 at 07:39:09 AM PDT

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    •  so glad the same people are so worried about (1+ / 0-)
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      having Responsible MJ legislation..and why not, they fucked up the banking and mortgage industries, so it's to be expected and only fair they fuck up something as simple as unrestricting something that shouldn't ever have been restricted.

      God, if just one kid is saved from smoking some pot it will all be worthwhile.!!!!! yeah, snark

      These people act like they just CAN"T be the ones blamed for widespread pot use but yet don't mind being to blame for lack of enforcement at the heart of the financial structures of the country and world.
      It is pathetic.

      This machine kills Fascists.

      by KenBee on Fri Mar 14, 2014 at 01:13:33 PM PDT

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      •  They're Obviously Corrupt (1+ / 0-)
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        It's obvious they don't care about anything except what their bribers (and perhaps blackmailers) tell them to care about. The pot thing has been obvious corruption for generations. Banking probably even more so. But now it's not just obvious - it's undeniable. Yet they proceed as if nothing has changed.

        Because the bribery (and perhaps blackmail) hasn't changed. Except maybe gotten stronger.

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

        by DocGonzo on Fri Mar 14, 2014 at 01:34:49 PM PDT

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