Working America to Hold Banks Accountable For Mortgage Crisis

Discussion in 'Labor & Employment' started by gamewell45, Jan 15, 2012.

  1. gamewell45

    gamewell45 Well-Known Member Past Donor

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    Working America is urging the White House and Attorney Generals from each of the 50 states to work to not let big banking off the hook in the mortgage crisis.

    http://www.laborradio.org/Channels/Story.aspx?ID=1638210


    The laws pertaining to banking need to be modified so they have some "teeth" to them so that banks violating the laws will not end up with what amounts to a slap on the wrist.
     
  2. gingern42

    gingern42 Banned

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    I wonder if "holding them accountable" will include bonuses.
     
  3. PatrickT

    PatrickT Well-Known Member

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    No, you're think of Fannie Mae and Freddie Mac. And, Gamewell, you probably should have skipped your citation. "Workers America"? Really? Is the Daily Worker defunct?
     
  4. waltky

    waltky Well-Known Member

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    2 NY pleas in federal sub-prime mortgage probe...
    :fart:
    Credit Suisse exec charged in NY mortgage probe
    Wed Feb 1,`12 – The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorating condition of the U.S. housing market in 2007 to keep the value of bonds based on subprime mortgages artificially high, authorities said Wednesday.
     

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