Banks' Self-Dealing Super-Charged Financial Crisis

[catleg]

http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisis

[frogger]

It's always the same crowd doing the same thing. Only the products change.

From securities to stocks, and to lesser known things, such as rice and garlic.

Create an artificial demand or an artificial shortage and watch them make money off the backs of people that actually work for a living.

I could really start ranting on this one....

[jjim120]

The self-dealings go much, much deeper and are more widespread than the public knows. Regulators are part of the problem; they believe and bow down before the bank lawyers. The games perpetrated by the heads of the regional banks and commercial mortgage institutions to line the pockets of their own insiders are legion, and are very difficult to uncover, primarily because they involve verbal fraud, never easy to prove. These fraudulent activities, mostly perpetrated by unethical lawyers who know how to play the game without any sort of written documentation, allow the perpetrators to steal valuable property under the terms of massive lending documents at will, bankrupting the owners in the process to stop any legal action in its tracks. Our banking system and our legal system are broken.