Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IF HOLDER did not investigate??? I think it's pretty obvious he did not. IF HOLDER's DOJ went after the criminal/perpetrator banks and Gov officials with the same intensity and vigor that Mueller and Cheney went after Trump for Russian collusion and 6 Jan 'insurrection' respectively, the criminals would all be sitting behind bars for life, F&F would be sitting at $200+/share, we'd ALL be enjoying retirement beyond our wildest dreams, US economy BOOMING, factories running 3 shifts, unemployment and inflation less than 3%, gas at $2/gal, COVID a distant memory, lines of division melting, war drums ceasing, etc., etc., etc. The roaring '20's all over again. But nooooooooo, the ruling elite would rather have open borders, drag queen storytime in our public schools, rampant crime everywhere, gender confusion, broken families, two-tiered justice system, high inflation and unemployment, rumors of wars and division.
All because OUR justice system decided to remove all deterrence to wrong doing. Kinda seems intentional, doesn't it?
All the jury needs to see are the Gary Hindes articles, plain & simple to understand.
That's a fact Jack! Good post Robert.
Where was "no proof" Holder in the 6 years following Paulson heist as Attorney General of DOJ whose job one responsibility was to convict and prosecute criminals like Paulson who were guilty of removing $30 TRILLION in wealth from world financial markets? Holder who claimed big corporations like JPMC, Citi, BOA, Deutch and many others should have "collateral consequences” taken into account when “conducting an investigation, determining whether to bring charges, and negotiating plea agreements", i.e., be given a pass as in they are above the law. Bernie Madoff rots in jail for much much less.
Straight from the Gov playbook.
Too many times I've seen jury's asked to rule on what they've seen, not on what they haven't seen.
Defendant: No crime has been committed.
To the jury: Do you know beyond a reasonable doubt that a crime has been committed?
Quote:
Eric Holder Jr. Former Attorney General of the United States
2009 to 2015
In 1999, when Holder was deputy attorney general in the Clinton administration, he wrote a memorandum titled “Bringing Criminal Charges Against Corporations.” The memo states that prosecutors should take “collateral consequences” into account when “conducting an investigation, determining whether to bring charges, and negotiating plea agreements.” The memo got more attention after the 2008 financial crisis when it became clear that big bank executives would not face criminal prosecution. He declined our request for an interview, but in 2016, Holder told CNN, “We simply didn't have the proof. If we could've made those cases, we certainly would've brought them. These would've been career-defining cases for assistant U.S. attorneys.”
It couldn't be more clear to see where this is going. Holder is a member of a protected class. Holder et al can do no wrong. They are above the law along with the banks and Gov officials who planned it all. Fair trial? That ended eons ago. BUT, justice will be coming. That much is assured.
And if that ain't bad enough, you have the admins here protecting the criminals through censorship. You can't say anything bad about the criminals, true or not. What a country.
Quote:
to jury " they are hiding 10,000 docs, why? what is there to hide? a lot" and case over.
There's certainly no doubt FHFA is a rogue agency, created for the sole purpose of taking down the GSE's. I truly hope you're right.
Straight from the Gov playbook.
Too many times I've seen jury's asked to rule on what they've seen, not on what they haven't seen.
Defendant: No crime has been committed.
To the jury: Do you know beyond a reasonable doubt that a crime has been committed?
That very notion is highly unconstitutional as it sets up a two-tiered justice system, one for elites and one for the rest of us.
That juror type will be screened out in the jury selection process. These non-elected Gov tyrants are above the law.
...and how many redactions? The cover-up continues as no one acts against it. Justice is coming and in what form is abundantly clear.
Here’s a guide to some of the key players of the 2008 Financial Crisis. Where are these players today? Why have they stopped in their efforts to expose the fraud? Has their mission changed? What could possibly be more important than their duty to our country for which they were hired? Do they really think they are going to escape justice?
Preet Bharara Former U.S Attorney for the Southern District of New York
2009 to 2017
Under Bharara’s supervision, the office brought several insider trading cases to court and collected millions of dollars in civil fines from banks like CitiMortgage and Bank of America for fraud relating to the financial crisis. Bharara declined our interview request.
PHOTO: Drew Angerer/Getty Images
Lanny Breuer Former Assistant Attorney General for the Criminal Division of the U.S Justice Department
2009 to 2013
Before his appointment at the Department of Justice, Breuer worked for Covington & Burling, a white-shoe law firm in Washington, D.C. — along with Eric Holder Jr. He didn’t respond to multiple interview requests for this story.
PHOTO: Ramin Talaie/Getty Images
Eric Holder Jr. Former Attorney General of the United States
2009 to 2015
In 1999, when Holder was deputy attorney general in the Clinton administration, he wrote a memorandum titled “Bringing Criminal Charges Against Corporations.” The memo states that prosecutors should take “collateral consequences” into account when “conducting an investigation, determining whether to bring charges, and negotiating plea agreements.” The memo got more attention after the 2008 financial crisis when it became clear that big bank executives would not face criminal prosecution. He declined our request for an interview, but in 2016, Holder told CNN, “We simply didn't have the proof. If we could've made those cases, we certainly would've brought them. These would've been career-defining cases for assistant U.S. attorneys.”
PHOTO: Tim Sloan/AFP/Getty Images
Angelo Mozilo Former CEO and co-founder of Countrywide Financial
By 2006, Countrywide was one of the largest mortgage lenders in the United States. Countrywide was a Wall Street superstar, and Mozilo was seen as one of the most innovative financial executives out there. Eventually, Countrywide found itself at the center of the subprime mortgage meltdown. It nearly collapsed into bankruptcy as its financing dried up, and Bank of America agreed to buy Countrywide for $4.1 billion in January 2008. Mozilo didn’t respond to our interview request. In an interview with the Wall Street Journal from 2018, Mozilo stated that neither subprime mortgages nor Countrywide were the primary causes of the financial crisis.
PHOTO: Brendan Smialowski/AFP/Getty Images
Phil Angelides Chairman of the Financial Crisis Inquiry Commission
The Financial Crisis Inquiry Commission was created by Congress and the White House in 2009 to investigate the causes of the financial crisis. According to Angelides, the commission sent 11 separate criminal referrals — recommendations to investigate or prosecute — involving multiple high-level executives and companies to the Justice Department.
PHOTO: courtesy of Phil Angelides
“It is one of, I think, the very disappointing legacies of the financial crisis. The simple fact is the Department of Justice never mobilized the resources to thoroughly investigate the wrongdoing that occurred in the runup to the financial crisis. And having failed to investigate, and never then applied the resources and the will to prosecute — it remains an enigma to me.”
William Black Criminologist and Associate Professor of Economics and Law, University of Missouri, Kansas City
Black worked as a banking regulator and helped bring about hundreds of convictions after the savings and loan crisis of the 1980s and early 1990s. Before the savings and loan crisis, the Justice Department and bank regulators did not have a coherent system for letting prosecutors know about possible criminal misconduct in the banking industry. So the Justice Department and the Federal Home Loan Bank Board, where Black worked, created a uniform system called Suspicious Activity Report, also known as “criminal referrals.”
PHOTO: Courtesy of William Black
“We, just one agency, made over 30,000 criminal referrals [in the savings and loan crisis]. … All the federal agencies combined in the Great Financial Crisis, the 2008 financial crisis, made fewer than a dozen criminal referrals.”
Ilene Jaroslaw Former Assistant U.S Attorney for the Eastern District of New York
Ilene Jaroslaw worked on the prosecution of two Bear Stearns hedge fund managers who were acquitted. It’s one of the only cases of high-level banking executives going to trial for their roles in the financial crisis.
PHOTO: Courtesy of Ilene Jaroslaw
“An acquittal says that at least one or more of the jurors were not convinced beyond a reasonable doubt. That's a very heavy burden, and it's a burden that we embraced in the U.S. attorney's office for the Eastern District of New York, and it's a burden that we weren't afraid of.”
Paul Pelletier Former senior prosecutor in the U.S Justice Department Criminal Division’s Fraud Section
Pelletier worked as a federal prosecutor for 27 years. During the Justice Department’s crackdown on Enron executives, he was acting chief of the Criminal Division’s fraud section. In the wake of the financial crisis, he became frustrated by lack of action from the Justice Department’s leadership and left the agency.
PHOTO: Courtesy of Paul Pelletier
“People didn't get prosecuted during the financial crisis or high level executives simply because of a lack of commitment, competence, and courage by the political leaders in the Department of Justice. That's what I observed. That's what I saw. That's what I felt. And that's why I left the Department of Justice.”
Michael Winston Former executive at Countrywide Financial
Winston became a whistleblower while at Countrywide Financial, one of the companies at the center of the subprime mortgage meltdown. He was discharged from the company after its acquisition by Bank of America in 2008.
PHOTO: William J. Emilio Flores (for the New York Times)
“I co-founded a group called Bank Whistleblowers United. And we're still trying to — we keep showing evidence of not just civic fraud... No one wants to hear it.”
https://features.marketplace.org/why-no-ceo-went-jail-after-financial-crisis/
Classic definition of hypocrisy. What US Gov fails to understand is, "what goes around comes around".
Here's another:
SCOTUS even admitted this.
SCOTUS even admitted this.
That is surprising. The politicization of the housing industry has been and continues to be so destructive to taxpayers. I suppose is possible Bair was just doing what she was told to do. Still, people in that position of power and authority need to buck the system and do what's best for the country irregardless of the political winds. But then they get quickly replaced by a yes robot. 4-year term limits are badly needed in Congress to help prevent hijackings such as this.
Not only did they hide Gov/TBTF bank mess, they just armed the TBTF banks/Treasury/IRS with 87,000 foot soldiers who are authorized to burst into homes and use deadly force against non-complaint citizens. Soldiers hired by IRS which is part of Treasury whose directors are all former bankers. That sizeable army, which Obama mentioned they would do back in a 2008 speech, is currently under the direction of Q-tip.
Who has been holding plaintiff attorneys accountable? Anyone? Who hired them? Who bought them off? How many beachfront properties have they purchased? How many Lambo's are sitting in their garages? Just how much have they bagged over the past 14 years? An investigation of financial records is in order.
Show trial. Straight facts? Far from it. More like lies and manipulation. Just like we've seen here with the GSE's. Courts have been completely compromised. Judge and plaintiff attorneys (funded by George Soros) political hacks. This case is far from over. Appeals will be filed.
With very few exceptions, that is the problem with the entire REP Party. Leadership very weak. They allow DEMS to walk all over them. Most are RINOS and in it only for the money and the privileges.
Only difference being Apple consented to Gov tyranny whereas the GSE's did not. Apple consented to placing a spy device in everyone's hand, an offer that was just too good for tyrannical Gov to pass up. All in compliance with Bush's Patriot Act to keep terrorist US citizens under control. The GSE's rebelled until Paulson threatened them with hostile takeover. So happy to have the watchful eye of Gov keeping us all safe. LOL!!!
I recall having this discussion with Sogo eons ago.
From a liberal justice no less. What FHFA did was criminal. They are a criminal organization with meditated intent.
Still not buying it? Consider the following quote by Putin from Feb 2015:
Housing policy in this country was hijacked well over a decade ago during the first Bush Admin (NWO) and placed on track and in alignment with WEF/Klaus Schwab NWO/Great Reset /Agenda 2030. Follow the money. Bush's, Clinton's, Obama's, Biden's all on board with Agenda 2030. In short, WEF/Agenda 2030 is all about advancing policies of The Fourth Reich. And you thought the Nazi's were dead and buried. They're all about bringing into power a one world government where financial, medical, communications, food supply, climate change, AI, transportation, military, education, depopulation are all brought under the control of a modern 'Hitler'. WEF meets regularly in Davos Switzerland, is funded by over 1000 multi-national corporations and was founded in 1971 by Klaus Schwab. Recently, UN announced it has joined forces with WEF.
Been going on for well over a decade now, since Clinton Admin. It's just they're no longer hiding it. Charters, Constitution no longer matter. All with support of SCOTUS. Treasonists, all of them. All brought to you by Bush's, Clinton's, Obama's. GSE's were hijacked, plain and simple. There you have the reason for the Presidential privilege docs.
Unfortunately, I'm forced to agree with you. Politicians today are not transparent when speaking policy. Then again, they rarely are. It's what's between the lines that you have to pay attention to.
2Q Net Income
FNMA $4.7 BILLION
FMCC $2.5 BILLION
Why are we still in CONservatorship?
This is what Pelosi rule-of-law looks like. Homes for the irresponsible and lawless as mandated by Pelosi policies.
CHINA PROVOCATION
DNU