Comments on: FBI Cutting Other Criminal Investigations To Focus On Mortgage Fraud

By: Russ

Russ — Sun, 15 Jun 2008 15:50:54 +0000

(Crossing fingers) Please let it be Casey, please let it be Casey.

By: freemonster

freemonster — Sat, 14 Jun 2008 23:46:05 +0000

Rob,

No need for any of our deaths in Iran and Syria. We have all the oil we need. The U.S. needs to default on our debt. Screw em all. That would crash the Middle East. China would crash. We wouldn’t even have to fire a single round. Break up the U.S. banking cartel. Break up the Insurance cartel. Break up the lawyer cartel. zzzzzzzz. Wow, I just had the weirdest dream.

By: Rob

Rob — Sat, 14 Jun 2008 22:02:32 +0000

All the Banks had to do was just say “no” and use the old, true and tried standard underwriting practices and America would not have been fleeced of their equities. Bankers slinging loans like dealers sling crack, what do you expect from our society? Bush, et al, ordered the OCC in 2003 to hamper the 50 States to leave the bankers alone from challenging the Banks’ part of the whole deception. When your kids are dying in IRAN and SYRIA – next – just sleep well at night knowing that the 5 wealthiest banks (families) in the last 100 years, are getting richer gobbling up the 100′s of failed banks and failed companies, the FED will finally have absolute power to print up more worthless dollars for us to buy $10.00 milk, and our National debt can be walked away from as a tool to screw over the Chinese and Saudi’s, unless they can own the deeds on a few million U.S. houses… Who do you love? Certainly not ourselves! God Bless us all – pass the grass soup, please! Oh, make sure to vote for the bought and paid for party, (either one will suffice.)

By: toysarefun

toysarefun — Sat, 14 Jun 2008 15:33:36 +0000

Nice post mountain Mike. It’s pretty sad they’ve had to put the FBI on it, where I live we’ve had a string of murders and solving those crimes which is what the FBI is good at is just not happening. Taking apart the mortgage industry and prosecuting some of the players should not be all that difficult, the paper trail is right their in front of them. They’ve already been hoodwinked, for the most part with terrorism, and now mortgage fraud, the FBI is more or less, simply chasing their own tails.

By: JimAtLaw

JimAtLaw — Sat, 14 Jun 2008 00:38:58 +0000

Why does it have to be one or the other?

To the extent Greenspan, Bush and their cronies have committed crimes, prosecute them and send them off to jail. If no crime against the laws of the U.S. was committed, but great crimes against humanity were, that’s what lynchings are for, and good luck with that, but don’t hold your breath.

If you lied on your mortgage app and fleeced a bank for hundreds of thousands of dollars so you could play housing roulette, and now won’t repay, then you, too, rightfully get to go to jail. There’s more than enough blame, lying, and criminality to go around.

By: Keith

Keith — Fri, 13 Jun 2008 19:54:11 +0000

Twist-

If mortage fraud is indeed the new national pastime, it’s about time for the 7th inning stretch.

Someone get me some peanuts.

By: Linenoise

Linenoise — Fri, 13 Jun 2008 19:46:37 +0000

freemonster,

I agree, but there’s a few high-profile people that committed huge amounts of mortgage fraud, even admitting to doing it (Casey Serin, anyone?). Take your victories where you can, I suppose..

By: freemonster

freemonster — Fri, 13 Jun 2008 17:33:55 +0000

mtnmike,

How true it is. It’s amazing how short the memory becomes when looking for a scapegoat. If anybody should be going to jail it should be Greenspan and his cronies. Nobody forced the banks to do anything. What a joke.

By: mtnmike

mtnmike — Fri, 13 Jun 2008 17:11:11 +0000

Looking for crooks in all the wrong places!

The Government should be on trial along with their accomplices in the Fed. When housing was the only thing holding up our economy and the President could brag about increased homeownership, there were no crooks, America was on a roll.

The Fed dropped the interest rate to 1% in June 2003 and government lending fed the housing industry Miracle Grow to drag us out of a recession, depending on inflated wages to work their magic. But wages didn’t inflate, only prices. Uh-oh.

Now the crooks are investigating the crooks. After all it certainly couldn’t be the fault of the finest government that money can buy.

By: Tobby

Tobby — Fri, 13 Jun 2008 17:05:46 +0000

As I posted some months ago all we need are a few high profile prosecutions of borrowers who lied on their applications. Essentially a back door shakedown with the threat of criminal prosecution. “Thinking about walking away from your mortgage?” “Did you lie on your application?” Walk away and go to jail.

By: twist

twist — Fri, 13 Jun 2008 15:02:38 +0000

Keith-

The level of mortgage fraud pretty much indicates that ripping off banks has become the national pastime.

Sad, isn’t it? Your average bank robber won’t ever walk away with as much as some of these fraudsters have- and mortgage fraud isn’t near as risky.

By: Keith

Keith — Fri, 13 Jun 2008 13:14:47 +0000

Whew. I’m glad I’m just a bank robber. Given the climate in finacial services today, turn-about is fair play, right?