The FBI’s 2010 Mortgage Fraud Report Reveals Why the Banksters Love Holder


The FBI’s 2010 Mortgage Fraud Report Reveals Why the Banksters Love Holder

By William K. Black

The Obama administration’s continuation of the Bush administration’s refusal to prosecute the elite banksters (or even the vastly lower status CEOs of the fraudulent mortgage bank) that drove the crisis has made it clear that the rule of law no longer applies to wide ranges of life and that crony capitalism will continue to reign.

One of the difficulties we have is that because the last two administrations have fanatical devotees of the cult of the Virgin Crisis – the myth that the ongoing crisis was the first in modern times conceived without sin (control fraud) – that it is exceptionally difficult to know what their creed is.  DOJ has refused to prosecute any elite banker for mortgage loan origination fraud.  The rare prosecutions it has brought against senior officials of fraudulent loan originator (a large, but obscure regional mortgage bank: Taylor Bean) did not prosecute the officials for their fraudulent origination (or sale) of loans.  The Taylor Bean officials were only prosecuted for their fraud against the TARP program – and only because Neil Barofsky (SIGTARP) made the criminal referral about that fraud and pushed relentlessly to force the Department of Justice to prosecute.  With zero prosecutions of the massively fraudulent home lenders that drove the crisis to we are left with no information on why committing hundreds of thousands of frauds via the twin epidemics of loan origination fraud (inflating appraisals and making endemically fraudulent “liar’s” loans) is no longer a crime that the FBI investigates and DOJ prosecutes.  No senior DOJ or FBI official, of course, is stupid enough to state openly why we no longer prosecute even the CEOs of long-bankrupt mortgage banks that led these accounting control frauds.  The U.S. Attorney for Sacramento, one of the epicenters of accounting control fraud, was foolish enough to attempt to explain why he did not investigate or prosecute the banksters:

Benjamin Wagner, a U.S. Attorney who is actively prosecuting mortgage fraud cases in Sacramento, Calif., points out that banks lose money when a loan turns out to be fraudulent. “It doesn’t make any sense to me that they would be deliberately defrauding themselves,” Wagner said.

Rest here…


2 Responses to “The FBI’s 2010 Mortgage Fraud Report Reveals Why the Banksters Love Holder”
  1. patrick farrell says:

    Get a gun and shoot the thieves.

  2. Rebecca says:

    Now what? New ? I have no clue how or what I’m to do with launch apps? I’m lost worse then last post. Dam it. Plus my Iphone has not been backed up able to be if they want me to delete what I have f them
    I own that house they stole out from under me!! (( tears daily I have not see my family grandchild from Mother’s Day or know where they moved their pissed because every pic from birth gone who took these every thing even his games from his laptop. I am drinking I stopped three years ago. Tell me I’m not a mess. There’s no help I get court docs but I don’t know what’s what some zipped ? Berns Wes’s law both hills ca federal court new judge now not forgel they won’t tell me a thing I only gave docs 2010 my wrongful foreclosure their class action was for 2011 I’m poor no one will speak with me. Why can’t I get my home back. Why can’t I get the justice served IFR said promontory and CFPB wrongs made right bull shit God help me sorry tears I can’t stop then my dam phone is filled with making money online scams wtf. Who’s who? I hate social media I got off my Facebook hate google circles someone other then me set up this feb through April 2013 they moved things around I only got I won judgment in riverside county not san Berdo but need case name number those never came showed. I’m fucked please send someone to speak to me I have tought time articulating I do have every doc. And know my storage was gone through !! Pisses me off they did not get ha But I did see I had renters where the money owed me look homeless displaced wrote DOJ over and over. And FBI have app now other phone I tossed out window they put me through hell June July 2013. How much longer do I have to wait or die first. My kids think I’m nuts every one tells me like I don’t know how I already sound nutty dam it my self esteem. Who’s Greg Anderson ? A guy I met on line prior to loss said his boss gave him the name but he’s in Greece now was la. Does he really work for Morgan Stanley? Show me the note !!! You can’t have duel titles. Pablo was my friend always there I sent him along with my two sons and sister what ever I got I don’t understand legislation dam ignorant to knowegl and today I can’t comprehend. Why keep sending me what I don’t understand there’s no trust or anyone in my life to help me look if this happened to me how many other older Americans have they destroyed ? Why greed thrift wrongs. Bastards I would not spit on them
    They are not worth it guess if your poor as I ssi disability disabled screw me government wins its bull shit to!!!

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