Barney Frank, BAC & Fannie Mae Must Go to Jail for Good
Lies, cheat, steal - pay small fine and do it again. Fraud as a business model.Banks are the nest of corruption. I wait the day americans wake up and really get mad.A slap on the wrist, then these criminals will ask for a bailout to pay the fine. Nobody jailed so onward to larger and more profitable criminal capers. Still plenty more accounts to raid/steal as well as people to bankrupt and swindle their property.
10 billion is a drop in the bucket for what was lost and sufered. Those BILLIONS in fines equals $0.002 on every felonious dollar the managed to get from the troubled mortgages they sold for profit three times.
Every time Bank of America gets fined an angel gets its wings. Bank of America has to buy back ALL their fraudulent mortgages.
By settling for a small fraction of the amount that BofA profited, the government is sending a message that if banks engage in fraud on a scale so massive that no one can clean it up, they will be forgiven with just a slap on the hand so the government doesn't need to clean up the mess. Great and they paid the settlements with Tax Payer Bail Outs... What a deal!
U.S. Government spending hundred of billion to bail out these fraudulent banks and giving them next 0% interest rate. These crooks turn around and charging us 4-5% and more with hundred million in bonus every year. Whoa so they gave back 3.6 billion of the 870 billion taxpayer bailout, thats got to hurt! We have to stop these parasites and their untouchable allies.Too big to fail, too big to jail!
B of A should be liquidated and some real criminal charges need to be brought against the racketeers masquerading as bankers who were in charge at the time of their various frauds.
Banks pay a fine (The Consumer would go to prison) for the same crimes. BOA to raise customer fees to recover their costs of acquiring Countrywide. Why American taxpayers are always the victims?