Thursday, November 11, 2010

Insurance fraud added to banks woes. How long can they get away with breaking the law?

It seems to be getting deeper and deeper for the banks.  It is amazing they are getting away with such flagrant violations of law.  The abuses were over looked as long as the banks were making money and the politicians were getting their campaigns funded and perks provided.  The trust in the government and banking system will be shattered for years if this is allowed to continue.  If we do not see people prosecuted for knowingly and willfully violating nearly every statute on record  regarding real estate, mortgages and ownership rights, we may never see the bottom. 

The only moral hazard is letting the banks get away with steam rolling multiple laws regarding real property.

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