As everyone knows by now, Attorney’s General from around the Country are on a “rush” to settle with those that have committed the biggest Real Estate fraud in U.S. History. My question is why? Why do they are so eager to settle?
Victims of the “financial criminals” are very concern of a possible settlement. The crimes and complaints have been reported to the Attorney’s General without results. I personally have reported the crimes to my Attorney General since 2007 and “justice” is not mention at all. So our questions remain, “why are prosecutors so are eager to settle with the criminals that have victimized the Nation”? Why there is no mention of anyone going to prison?
The crimes
The evidence is clear, the crimes are of massive proportions. Here are a few of the long list of criminal activities and racketeering: mortgage fraud, notary fraud, investment fraud, forgeries, duplicate documents, wire fraud, mail fraud, Title fraud, escrow fraud, business fraud, loan modification fraud, securities fraud, trading fraud, bond fraud, consumer fraud, banking fraud, equity fraud, assignment fraud, auction fraud, lending fraud, mortgage servicing fraud, accounting fraud, insurance fraud, securitization fraud, money laundering, income fraud on loans, employment fraud on loans, failure to disclose liabilities, appraisal fraud, fraud for profit, cash back schemes, Deed of Trust fraud and Assignment of Note fraud. The tsunami of crimes that have taken placed is beyond anything seen. As a matter of fact, many of the mentioned “are still taking place”. The more they investigate the more corruption is found.
Military Families
Let us not forget the fraud that was committed against the Military families! Armed Forces are protected by the Service Members Civil Relief Act, yet the Banksters have ignored the Law and acted against the Serviceman/woman criminally to steal their houses while serving to protect our Nation.
Broken System
What we are seen is a breaking down and weakness of the “Justice System”. We are a country of Laws and Justice, so why are the laws not being enforce against those that have victimized the Nation? History repeats time and time again, big time Banksters who that have caused massive damage to the “people” who walk away with just a slap in the hand. Not too long ago we saw how the biggest fraudster, Countrywide Mozilo walked away without prosecutions. Does the law matter anymore? Are Banks above the Law? Is there a dual “Justice System”? Those responsible for the housing and economic crisis should pay for their sins. Our Court System has big problems. They are broke and over flooded with new fraud cases. Many Judges have their hands dirty too. They are ruling on cases that clearly show evidence of fraud, but refuse to follow the Law. They side with Big Banks without shame, even when the Law clearly shows that crimes have been committed.
Politics
Attorney’s Generals need to stop politicizing the issue and do what they got elected to do, “enforce the law”. The crimes have affected Republicans, Democrats, Independents, Libertarians, black, white, hispanic, asian, rich, poor. As 2012 Elections approaches, Politicians are coming out of the woods and speaking about the crisis. They have sat on this issue for at least couple of years and done nothing about it. They have failed to represent the people who elected them. Many have sided with the Banksters without shame, even when their communities are falling apart. They are now preparing their talking points for the coming Election. So lets see when they will get over the politics of the issue and prosecute the criminals!
The American people are not anti-banks, they are anti-crime. When people signed contracts with the banks, they always enforce them to the letter. Now that fraud and other violations are discovered, they don’t want the same contract to be enforced! If there was fraud committed, fraud must be prosecuted! IT’S TIME TO ENFORCE THE LAW ! If they let the criminals walk away with small settlements and without prosecutions, what kind of message will they be sending a victimized Nation?
Related links:
http://www.foreclosurehamlet.org/profiles/blogs/foreclosure-banks-racketeering
http://4closurefraud.org/2011/05/23/abigale-fields-sizing-up-a-sweeping-mortgage-settlement/
no2housingcrime 