please provide proof, link or article to support your comment that they deem them civil matters. I know that the banks and their attorneys do- of course “they” would. but why would the mortgage fraud division of the fbi deem theft of property a civil matter, why would the police department when presented with the facts deem it civil, illegal securitization and forged/fabricated documents submitted as fraud on the public record and court not be considered criminal? something isn’t adding up.

Because the “authorities” deem these “civil matters”.

I am glad to see you publically talking about the lack of prosecutions for ‘fraud’. However, you’re opinion about the housing market collapse being totally about people being lent money to buy houses that couldn’t afford them was only one piece of the fraud that went on. You left out very important elements such as inflated values and incomes WHICH IS WHAT ALLOWED THE BUBBLE TO KEEP GROWING, therefore, causing a much wider and deeper collapse then what would have occurred with a few people buying too much house. Second, with the housing collapse also went the collapse of many many jobs, therefore, people such as myself, suddenly found their income falling right along with the housing market…what about those people Mr. Ritholtz? What about all the jobs lost by others who also had homes that could afford when they bought them, but find their jobs being sent overseas, therefore, now without income???? How about companies like BAIN CAPITAL, who went and consulted with companies telling them how to cut back their staff, meaning LAYOFFS, or destroying the company altogether?? What about those people who bought homes that they COULD afford. I hate to see people get the opportunity to spread the word publically to the masses about what is happening in this country…but tell the whole story not just parts of the whole story.