Wednesday, January 5, 2011

Banking and mortgage industry has not changed, regulators hide out afraid to cross the TBTF companies

WASHINGTON - FEBRUARY 11:  (FILE PHOTO) Bank o...Image by Getty Images via @daylifeThese two stories are evidence that nothing has changed in the banking world and the bankers are walking away with bonuses in hand ready to gamble another day.  We have seen months of criminal activity that can be uncontested for the most part yet the bankers are living the high life. 

It has been a long few years of investigation and discovery for the those interested in finding the out the true cause of the housing meltdown.  Brilliant bloggers at nakedcapitalism, credit slips, 4clousurehamlet, Washington's blog, the big picture and many other excellent blogs that should also be given credit for uncovering the root causes of the massive wealth transfer from middle class America, have uncovered the depth of the fraud and malfeasance but it appears to be viewed as a pesky Nat zipping around the head of bank executives.  Find links to the above mentioned blogs here.


At least the truth is out for all to see even if many are making the choice to look the other way in order to not bite the hand that feeds them or because they hope to take advantage of others misfortune whether the banks behaved illegally or by the letter of the law. 

http://www.huffingtonpost.com/arianna-huffington/why-are-bankers-still-bei_b_194242.html

http://www.huffingtonpost.com/ann-pettifor/america-the-bank-owned-st_b_189043.html
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