There's a curious article at Forbes, by Daniel Fisher, ridiculing the possibility of Mortgage Fraud. Fisher specifically calls the concept of predatory lending "nonsense." He also goes on to say that if there was any "nonsense," it was all done by legions of evil middlemen, preying upon both innocent banksters and the gullible public. Makes you wonder who's payroll Daniel is on.
Finding Little Evidence Of Foreclosure Fraud, Feds Give Up
I tried to leave the following comment, but was told that "comments are closed"
"Roger Erickson:
Daniel, in a Control Fraud, the lender is SUPPOSED to lose $. It's the fraudulent management that makes $, by looting both the lender and whomever bails them out. Surely Forbes knows the concept of Control Fraud? Please review the S&L crisis, and interview Bill Black again, in case you've forgotten."
More likely his job depends upon him being completely wrong about financial fraud?
We need an on-line art gallery, one where we can feature classic paintings in a specific genre "Shill Life of Banksters."
2 comments:
ok, here's entry catch22A
AIG Considers Joining Suit Claiming Its Government Bailout Harmed Shareholders
http://www.abajournal.com/news/article/aig_considers_joining_suit_claiming_its_government_bailout_harmed_sharehold/
top THAT! may be from the same propaganda studio
normally, stockholders find it difficult to win lawsuits against the gov, but THESE stockholders think they own both the Courts & Gov (e.g., Norquist owns half the GOP all by himself - or did)
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