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TIME: Will Bankers go to Jail for Foreclosure-gate?

 
Anonymous Coward
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10/20/2010 03:33 PM
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TIME: Will Bankers go to Jail for Foreclosure-gate?
Will Bankers go to Jail for Foreclosure-gate?

More and more, Foreclosure-gate is looking like the housing bust's Enron.

One of the amazing developments of the unraveling of the financial crisis has been the fact that there have been so few people we can actually point to and say without a doubt that guy or gal is a crook. Yes, Bernie Madoff and his fellow ponziers, but they were only flushed out by the financial crisis. They didn't really cause it. The Bear Stearns hedgies beat their case. The mastermind of AIG's demise Joe Cassano looks to have made a clean getaway. Lehman's Dick Fuld is still in the clear. Goldman and just last week Countrywide's executives had to pay out large fines. But none of them are headed to jail. John Paulson and other hedge funds that help construct CDO debt bombs and bet against them, haven't even been forced to give some of their winnings back. I can't think of anyone of any real consequence who is facing hard time.

Thanks to foreclosure-gate that may soon change.



Read more: [link to curiouscapitalist.blogs.time.com]
Anonymous Coward
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10/20/2010 03:34 PM
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Re: TIME: Will Bankers go to Jail for Foreclosure-gate?
i refuse to go to the "times" site. i still hope there is some accountability though.
Anonymous Coward
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10/20/2010 03:35 PM
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Re: TIME: Will Bankers go to Jail for Foreclosure-gate?
muaha
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10/20/2010 03:38 PM
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Re: TIME: Will Bankers go to Jail for Foreclosure-gate?
Are you fucking serious ? What a question ! You must watch DWTS, et al !





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