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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
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Bank of America employees could face charges in U.S. fraud case: Prosecutor
"Potentially, the government may amend its complaint to include individuals, present or former employees of Bank of America," Assistant U.S. Attorney Pierre Armand told U.S. District Judge Jed Rakoff.
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This would be welcome. but how sad that the only crimes pursued waould be those against the Federal gov’t. How many homeowners have lost houses due to fraud, forgery, and fabricated documents. Yet the big banks get off with a slap on the wrist via the atty gen’l settlement.
I have been on the line to hear bank employees tell bald-faced lies to borrower-clients. That can only happen with the direction, express or implicit, of senior management. Whistleblowers confirm such policies. Yet fearful of “too big to fail” gov’t does nothing more than say, “Don’t do that again.”
October 27, 11:03 pm | [comment link]