'Occupy' types

[JoeRedskin]

Originally Posted by NC_Skins

Feds sue mortgage broker, alleging lending fraud - Yahoo! News


Nope. Nothing was done illegally.

"The prosecutor said the investigation continues and 'if and when we have sufficient evidence for a criminal case, we'll bring it.' "


Hey look. Specific violations, specific actions and all wrapped up in due process. But of course, the police & government are in the pocket of the mortgage lenders/bankers so they'll never be charged with anything.

Oh wait ...

[NC_Skins]

Originally Posted by JoeRedskin

Hey look. Specific violations, specific actions and all wrapped up in due process. But of course, the police & government are in the pocket of the mortgage lenders/bankers so they'll never be charged with anything.

Oh wait ...

I wouldn't make that mocking quote until charges actually come out of this "investigation". How many investigations have we seen with it swept under the rug? Give me a break. The only way they'll prosecute is if there is big time pressure from above or it'll advance their careers and get them elected.


It's been since 2007 and no investigation yet?

[JoeRedskin]

Originally Posted by NC_Skins

I wouldn't make that mocking quote until charges actually come out of this "investigation". How many investigations have we seen with it swept under the rug? Give me a break. The only way they'll prosecute is if there is big time pressure from above or it'll advance their careers and get them elected.


It's been since 2007 and no investigation yet?

Lordy ... I am quoting your cite - A cite that explains a govt. investigation into and the govt.'s request for significant civil penalties against companies and individuals in the the finance industry AND a cite which you rely on to say that fraud/misdoing existed. So ... the fact the govt. filed a civil suit that will likely result in significant fines is evidence that fraud existed in the finance industry but it is not evidence that the govt. is actively investigating or taking actions against the finance industry?!? :frusty:

Also, it seems pretty clear that investigations have been going on - in arguing your various points you have cited to several (including this one). Some have come to fruition, some have not. Criminal investigations of white collar crime are time & document intensive - believe it or not, it takes a lot more then "cause we think so" to bring and prove criminal charges.

[As a side note, this is one of the reasons that I think white collar crimes should carry much stiffer penalities than they generally seem to - b/c of the nature of the crime, they are resource intensive and generally difficult to prove so when a conviction is secured it generally represents a significant state expenditure. As such, penalties should be much stiffer to increase the detterent value].