11 GUILTY OF FRAUD IN VIRGINIA: O GUILTY OF FRAUD ON WALL STREET — WHY IS THAT?

So more money was funded than needed? What about the investors’ money? The banks took far more money than was used to fund mortgage origination or acquisition — and even when they did it, they knowingly and intentionally and fraudulently violated the terms of the agreement with the lender. See Tier 2 yield spread premium.

These defendants did in fact break the law and they should receive the consequences — but let’s not forget that they were doing exactly what their “victims” wanted them to do — the directive was to move as much money as possible covering over the PONZI scheme.

Occupy Wall Street is dead right. The resistance comes from mythology, spin, PR and plain old strong arm tactics funded with more than $1 Billion spent by the banks in law enforcement, legislation and regulatory agencies (and the revolving door between agencies and the firms they are supposed to regulate).

11 found guilty of massive real estate fraud in Northern Virginia
http://www.bizjournals.com/washington/morning_call/2013/05/11-found-guilty-of-massive-real-estate.html

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