Home > Miscellaneous Musings > They are only kidding themselves now…

They are only kidding themselves now…

Get this:

The major US banks are baulking at agreeing to a settlement over BLATANT AND MASSIVE MORTGAGE FRAUD unless they get an exemption from State prosecution over CDS fraud and unconscionable loan issuance.

So…  the government first grants MASSIVE bailouts for the banks when they are in trouble, then asks for the money back because of illegality.  But if they get into trouble again because of the payouts, the government will give them BACK the money secured through prosecutions because they are too big to fail.

Just who is kidding whom here?

Why not just bail them out for less and not worry about the prosecutions (set off the claims) or let them even go bust as punishment for the fraud?  Why the merry go round?

Who the Hell do they think they are fooling?

Categories: Miscellaneous Musings
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