Tuesday, September 11, 2012

More On Banksters' Big Win In Foreclosure Fraud Mess

David Dayen at Firedoglake writes:
  • I don’t need a source to tell me that there will be no criminal charges arising from the Residential Mortgage Backed Securities working group, the task force set up to “hold accountable” those financial institutions who crashed the economy through misdeeds in the securitization process.

    Take only this piece of evidence: all of the subpoenas so far issued by the RMBS working group have been civil in nature, not criminal. That’s about all the evidence I need.