Two months ago, the Obama administration and 49 state Attorneys General announced a settlement with the Big Banks that engaged in fraudulent lending practices that abused homeowners and often left taxpayers with the bill. This settlement was made final last week.
Today, the highly influential conservative newspaper the Washington Examiner editorialized against this settlement, saying that it essentially lets banks “get away” with fraud and that it doesn’t redress the crimes committed:
There is no excuse for banks filing forged or back-dated foreclosure documents with state courts and county recorder offices. Unfortunately, that is exactly what many of the nation’s …
Today, televangelist and long time right-wing icon Pat Robertson addressed the banking crisis on his television show, The 700 Club. Referencing how Iceland dealt with its own economic crisis — it jailed many of the bankers who broke laws and deceived the nation’s people — Robertson praised the European nation and said that we need to deal with the crimes of the financial sector here in the United States the same way. “[Iceland is] putting people in jail,” Robertson said. “They’re going after bankers there. The people said, ‘Those banks were rippin’ us off. We don’t like what …
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