Obscure Law May Hang 2008 Bad Loan Bankers

[Locutus]

via Fark:

Looks like all those greedy, dishonest mortgage bankers who knowingly caused the 2008 financial collapse are gonna get away with it now that the five-year statute of limitations is about to run out. Just kidding. They're all gonna fry



Federal Prosecutors May Charge Wall Street Bankers Who Sold Bad Loans Under An Obscure 1984 Law

NEW YORK (Reuters) - U.S. federal prosecutors are considering a new strategy for criminally charging Wall Street bankers who packaged and sold bad mortgage loans at the height of the housing bubble, according to a federal official familiar with the investigation.

The official said federal authorities are finding new evidence they say indicates intent to commit fraud over the packaging and sale of mortgage bonds backed by subprime home loans in some of the civil lawsuits plaintiffs' lawyers have filed against large banks.


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Federal Prosecutors May Charge Wall Street Bankers Who Sold Bad Loans Under An Obscure 1984 Law - Business Insider

 

[taxslave]

Fried banker. Dipped in lawyer sauce. Yummy.

 

[SLM]

I love the smell of burning banker in the morning.

 

[Nuggler]

A lovely thought, that smell of burning banker, but, fuggetaboudit...........ain't gonna happen.

another worthy but modest Nuggler prediction.

 

[Palindrome]

They'll find one or two minor players to throw under that train. The really big culprits won't even be inconvenienced.

 

[karrie]

Yeah, Palindrome's probably got the truth of it.

 

[shadowshiv]

They'll find one or two minor players to throw under that train. The really big culprits won't even be inconvenienced.

As AC/DC sang, "Money talks, BS (Banking Slime) Walks". How sad.

 

[damngrumpy]

Too true the government and legal system was invented to protect the banks and
the richest of the rich. That system will protect the guilty until the very end. Its
these thugs (bankers) that destroyed the America people knew.