WALL STREET AND THE FINANCIAL CRISIS: Anatomy of a Financial Collapse
A voluminous report on the financial crisis by the United States Senate — citing internal documents and private communications of bank executives, regulators, credit ratings agencies and investors — describes business practices that were rife with conflicts during the mortgage mania and reckless activities that were ignored inside the banks and among their federal regulators.
The 650-page report, “Wall Street and the Financial Crisis: Anatomy of a Financial Collapse,” was released Wednesday by the Senate Permanent Subcommittee on Investigations, whose co-chairmen are Carl Levin, a Michigan Democrat, and Tom Coburn, a Republican of Oklahoma. The result of two years’ work, the report focuses on an array of institutions with central roles in the mortgage crisis: Washington Mutual, an aggressive mortgage lender that collapsed in 2008; the Office of Thrift Supervision, a regulator; the credit ratings agencies Standard & Poor’s and Moody’s Investors Service; and the investment banks Goldman Sachs and Deutsche Bank.
Full report below…
~
4closureFraud.org
~
WALL STREET AND THE FINANCIAL CRISIS: Anatomy of a Financial Collapse
WALL STREET IS THE PROBLEM LET IT DIE
IT IS AN ENTITY A MACHINE JUST LIKE MERS A VENDING MACHINE
STOP GIVING IT LIFE LEAVE IT ALONE A IT SHALL SHIERLY DIE
OK…so another report, another investigaton comes out…. 2 years in the making….so..what are they going to do about it? That is the question..we already know the deep crime done, we know the people were swindled..robbed..put thru hell and lost everything. BUT we have not lost POWER, we number in STRENGTH, and enough time has gone with nothing done but a repeat of the same crimes being reported in each investigation. Forget the fines…stick them where the sun don’t shine….we want JUSTICE….that means PRISON…..NOTHING has been done for the homeowners…..NOTHING….NO ONE HAS LISTENED TO THE ONES WHO HAVE SUFFERED THIS MASSIVE PLANNED SCHEMING SWINDLING FRIG’N CRIME….YOU TALK TO THE LYING BASTARDS FROM THE FEDERAL RESERVE, THE BANKS AND WALL STREET, THE REGULATORS, AND THE LIST GOES ON…BUT THE HOMEOWNERS ARE STILL BEING TAKEN TO COURT AND LOSING THEIR HOMES CA– USE WE HAVE COURTS WHO FOLLOW THE RULES OF THE FINANCIAL INDUSTRY….THESE HOMES DO NOT BELONG TO THE CRIMINALS…..GET THAT STRAIGHT.
STOP THE DAMN FORECLOSURES…..EVERYONE NEEDS TO DRAW ALL MONIES OUT OF THE BANKS…STOP MAKING ANY AND ALL PAYMENTS…..CHOKE THEM. UNTIL SOME ACTION IS DONE TO EACH AND EVERY CRIMINAL THAT CA– USED ALL THIS FOR THE SAKE OF GREED AND CONTROL…WE ARE FED UP WITH THE STALL TACTICS. DO YOUR JOB OR GET THE HELL OUT OF WASHINGTON.
Kinda like the Warren Commissions investigation into the J.F.K assassination? In 30 years they will come out and say yeah, that Foreclousregate thing, that was a GIANT CONSPIRACY. WE ALREADY KNOW IT WAS AN INSIDE JOB AND THERE ARE MANY TREASONIST AMERICANS RUNNING AROUND AMERICA WHO ARE ALSO TERRORISTS AND SHOULD BE THROWN INTO GUANTANAMO WITH THE REST OF THE SO CALLED TERRORISTS AND WATER BOARDED BY WE THE PEOPLE. Just rescind our FAKE MORTGAGES and give the STOLEN GOODS back to the people. WE THE PEOPLE ALREADY WANT TO LYNCH ALL OF THESE BASTARDS. THE 2012 ELECTION should be really interesting. The people are going to be on these repub/dem assholes who are running like white on rice. The next one after that should be even better. That will be when all of the Dems/Repubs get thrown out of CONgress on their asses. I wouldn’t be surprised if the people don’t demand their removal even sooner. The mainstream media is downplaying the anger of the people to their own detrimant. DEATH TO THE TYRANNY.
Yes, 2012 election will be VERY interesting…..NEW BLOOD IS NEEDED…. i HAVE 2 IN MIND….AND MAINSTREAM MEDIA NEED NOT STICK THEIR NOSE IN….WE HAVE HAD ENOUGH EXPERIENCE WITH YOUR COVER UP LIES AND NEWS THAT DOES NOT SPEAK THE TRUTH.
Nothing but puppets putting on a act … I never did like puppet shows.
Sure, it was/ and is an inside job….combined with an outside job. Plus all these ‘ fake ‘ wars …criminals working behind the curtains….behind closed doors… but some names have now come to surface…the treasonists are here, Americans …terrorists… So what the hell does HomeLand Security stand for? Is there even a HLS ? Do we really have a Justice Dept. ? This does not comapre to Watergate…..and a big deal was made of that…. this is so disgusting….
The Banks MBS systemic crimes, the Federal government subsidized through Fannie and Freddie and the Too Big to Fail philosophy that continues to financially ravage the Average American Homeowner, are also Too Big to Hide. There are so many opportunities to prove over and over again that predatory lending, sloppy securitization and, due process liberties were the norm and throw serious doubt into the banks claim that “there is nothing to see here and that fine is Too Big”. If, the Banks followed the rules… the properly executed original documents will support that. Once the Federally required records are made public through litigation and the rules of discovery there are plenty of records on each loan from every involved institution. Through true impartial investigation careful scrutiny will document clearly any individual story. Or the Banks can avoid the cost of litigation and do the right thing by agreeing to just terms that are sustainable for all parties using the same formulas that were ignored in the first place. There is a proper formula we must be responsible to find one loan or staggering American Homeowner at a time. I do believe that the American Economy and financial Free Markets are horribly corrupt, at the same time that is the huge opportunity that any individual could prove they were a victim of that corruption. http://diligencegroupllc.net/ -AH