Friday, October 29, 2010

Mortgage Fraud and Foreclosure Fraud The Perfect No-Prosecution Crime | Greg Hunter’s USAWatchdog

Mortgage Fraud and Foreclosure Fraud The Perfect No-Prosecution Crime | Greg Hunter’s USAWatchdog: "Did you know that in the aftermath of the Savings and Loan (Thrifts) scandal there were more than a thousand felony convictions of financial elites?� The cost of the wrongdoing associated with the rip-off and closure of nearly 800 Thrifts cost taxpayers more than $160 billion.� The current sub-prime/mortgage-backed security scandal is 40 times bigger according to Economics professor William Black. �That means the size of the crime is $6.4 trillion by my calculation.� Can you guess how many indictments there have been on financial elites who created this enormous mortgage crisis mess? �Zero, none, nada, zip.� Yes, not one single prosecution or conviction has been started of achieved."

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