Thursday, September 08, 2011

States Offer Banks Immunity

State prosecutors should protect the people. When banks are committing fraud, the prosecutors are looking for a payoff to not prosecute the bank. If Average Joe committed fraud, a small payoff fine would not be offered. When will fraudulent bankers go to prison?

States Offer Banks Immunity From Mortgage Lawsuits
State prosecutors are offering big banks an expensive Get Out of Lawsuits Free card. Prosecutors have offered a variety of banks caught up in the “robosigning” scandal immunity from some litigation in exchange for a total of $10 billion to $25 billion in penalties ...

No comments: