Send a Tweet
Most Popular Choices
Share on Facebook 10 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 1/9/16

Bernie Sanders Decries Lack of Wall Street Prosecutions

Quicklink Submitted By   2 comments
Become a Premium Member Would you like to know how many people have read this article? Or how reputable the author is? Simply sign up for a Advocate premium membership and you'll automatically see this data on every article. Plus a lot more, too.
Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

Day 208/365
Day 208/365
(Image by pheaber)
  Details   DMCA

Bernie Sanders, in his speech JAN 5, carried out a scathing denunciation of Wall Street. Former financial regulator, Bill Black, 'unpacks the meaning:' it's important to reimplement the Glass-Steagall Act - but it's not enough to prevent another financial crisis. He also says that  Documents In the JP Morgan Settlement Reveal How Every Large Bank in the U.S. has Committed Mortgage Fraud. We know that 90 percent of the liar's loans roughly were fraudulent, and that by 2006 they represented 40 percent of all the loans made in that year.-- over 2 million fraudulent loans being made by the lenders in just that single year! We know that from 2003 to 2006, in other words the critical period in which the bubble hyper-inflated, that that was due almost entirely to the massive increase by 500 percent of liar's loans, and we know that these loans produced these enormous losses. 

Read the rest of the story HERE:



Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

To View Comments or Join the Conversation: