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WANT A GOOD LAUGH?...Dozens OF Financial Institutions Are Being Sued By The Federal Government!!!
I have been talking about this for awhile now.  Thanks to Paula for this blog.  Unfortunalty, it isn't funny for the taxpayer anymore and I think the damage has been done.  How do we re-cover? I think education and awareness are key.
WANT A GOOD LAUGH?...Dozens of Financial Institutions Are Being Sued By The Federal Government!!!
The Federal Housing Finance Agency is seeking unspecified compensation, claiming that these institutions knowingly peddled shoddy deals without informing the investors of the questionable paper....
AND:
"Securities and Exchange Commission officials are trying to make it easier on themselves to hold more individuals responsible for wrongdoing during the financial crisis.
In a major shift from the agency's traditional enforcement strategy, the SEC could file more civil cases in which defendants are accused of negligence only, rather than harder-to-prove charges of intentional wrongdoing or recklessness, according to SEC officials.
 
In the past, the SEC sometimes persuaded individuals to agree to narrow negligence charges in order to settle the case, rather than fight the agency in court over more-serious allegations, according to defense lawyers."
This action comes after how many years of suffering and loss of income, jobs, homes and retirement savings of the average American???.....
This is outlandish, in ... more

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