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Best Web OpEds    H3'ed 1/10/16

Bernie Sanders Decries Lack of Wall Street Prosecutions

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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. 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

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...)
 

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