Tip:
Highlight text to annotate it
X
it may have been big twenty five billion dollar deal where the bank said okay and
we do those uh... well below four pushes which are clearly and wildly illegal
but that's a that's a cell
winnetka
the bank is going to go to jail the first
they did something illegal open so whatever america
so they had twenty five diseases that starts at eleven seconds don't sell it
classical bomb acclaim everything he does is go out and start
so they should be fine now of course we found out later about twenty five
billion
about twenty percent actually comes for the banks guess where the rest comes
from
it's us paying ourselves
maddening right
abt her is that there's a second problem that so
not only are we get to twenty five billion dollars
but we are setting up the topless commission there is the residential
mortgage-backed securities working bro
so that people like any other state attorney general and canceled of all the
banks about what you have been
but that when i was a finished letterman and he was going to get the banks and
then there he was like i don't know if i want to be part of this settlement it
doesn't seem right
ankeny movement which is another working group
all dat out there we had a strong occasion
then i don't know what happened
though settlement and the commission whistles and set up over a year ago as
david and reports at salon their never was a residential mortgage-backed
securities working group
never of so-called past force
dedicated preparing a ferreting out wall street fraud
the
never put it into parts
into the woods
i mean one unbelievable line
they didn't have
any offices any telephones any workers
anytime anybody else wants did any argument which is not that frequent
this group was taken jabbed osteo charlie a great press release
just one giant press release
what a scam
ka at using all bob mom
was a hold of banks accountable or bombers did some other banks
transplant s force was merely did explains
that politically motivated show organization grafted onto that public
relation strategy
so this is one big p_r_ trip
began they've been explains
there are no offices no phones
and no staff
dedicated
to the non passports
uh... experiment didn't do one thing you after
itgroup here right before the election
is jpmorgan chase over their bear stearns fraudulent misrepresentations
back in uh... two thousand eight
okay so that a lot of news guess one outlets
one month before the election
i thought were doing something on a catch all advertisers well that's all
for us
and and that was in the task force that was his own office in new york
and in their task force sends out a press release all-out okay
favor being such a possibility
pratt passports status quo dictum uses me is from robert cruise army he's a
former head of enforcement laugh along with me at their cc securities exchange
commission
he said quote we hire coordinator but most of the investigative work being
done here
is not really being done by a staff
that belongs to the task force
it's being done by individual investigative groups
that make up the passports
so you can take you to believe david in there's a robber whose army totally
verified
aaye tere sort of person
and
but it's different groups like the new york attorney general it senator
kinda part of the past was an if they have been to do something
well than the passports takes credit for it
that was the historic commission
that was supposed to get tough on the banks and regulate
now do you understand what kind of a joke president obama's
for some of the projects i dot socha
panjab all these bank oslo
theirself renovo problem is is sort up on them
and they all go beyond sizzling happened to close the gap what
platforms
exports
ella got notes patent you've got time for a dashboard
soaks out on cement as usual
thinkers shockingly enough will not be held accountable at all 'cause nobody's
even bother him escape