4 ms·
>Wall Street banksters who received big bonuses for packaging up mortgages they knew would not be repaid Who underwrite the loans? Who recommended the loans be
by Lkjhmnbv 8y ago
>Wall Street banksters who received big bonuses for packaging up mortgages they knew would not be repaid
Who underwrite the loans? Who recommended the loans be written?
The whole thing is complicated. A single article is nothing more than a start.
I'm ony phone, but I highly suggest researching each party and their justifications for their actions and make your own conclusions rather than expecting some external source to spoon feed it to you.
- cityzen 8y agoIt's my opinion that big banks are good for nothing. yes, I do believe people should take a little moral inventory before joining an institution that has a history of penalties like this: Top 10 Primary Offense Types toxic securities abuses $13,450,500,000 mortgage abuses $5,411,600,000 banking violation $4,012,350,341 anti-money-laundering deficiencies $2,161,000,000 False Claims Act $614,000,000 foreign exchange market manipulation $550,000,000 consumer protection violation $520,500,000 investor protection violation $434,054,000 securities issuance or trading violation $427,324,210 energy market manipulation $410,000,000 this is the top 10. That is around 27 billion in penalties for non-trivial violations. You can download every one of these records here: https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase https://violationtracker.goodjobsfirst.org/parent/jpmorgan-c...
- Lkjhmnbv 8y agoSo you agree with Steve Bannon. I'm not saying you're wrong, I'm saying you're over generalizing. And you would never accept other generalizations like the one you're making. For instance the democratic party is good for nothing because Anthony weiner is in jail for soliciting sex with a minor. You could make that argument. Still too one sided.