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I recommend reading Karl Deninger at https://market-ticker.org/ https://market-ticker.org/ ; I don't know if his archive back to 2007 are available to non-subsc
by beagle3 9y ago
I recommend reading Karl Deninger at https://market-ticker.org/ https://market-ticker.org/ ; I don't know if his archive back to 2007 are available to non-subscribers, but he's been documenting these issues, quite well presented, since 2007.
The bottom line is, for the 2007/8 crisis, there are hundreds if not thousands of people guilty of fraudulent misrepresentations, and for inventing their own laws, with no reprecussions. I think the most egregious case is the "robo-signing" and MERS case (which are intertwined), which appear to involve thousands of cases of perjury, non of which were prosecuted, or even investigated -- but the publicly available evidence is damning enough, even if no justice official decided to investigate.
But why go back so far? So far, the recent wells fargo fraudulent account opening case [0] has resulted in a slap on the wrist and no one being charged. I don't know who committed fraud specifically, and it seems no one who can find out wishes to find out either. In 8 years, someone like you is going to ask "but who specifically committed fraud? this always comes up". There are clear examples of fraud; if there aren't clear examples of who committed that fraud, it is only because the powers that be decided they do not want to know.
[0] https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal#Effects_on_Wells_Fargo_and_management https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scan...