Duplicitous Mortgage Settlement Deal
Obama betrays cheated mortgage borrowers by a sweetheart deal for banks that cheated them.
by Stephen Lendman
What major media scoundrels call relief is, in fact, business as usual coverup and fraud. Ellen Brown 's important writing explained.
Obama pushed hard to get state attorneys general to settle for a fraction of stolen wealth, but it's worse than that. More on the announced deal below.
At issue is securitized mortgage-backed securities fraud compounded by "robo-signing." it involves "employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed."
It wasn't occasional. It's systemic grand theft since the 1990s. As a result, settling with crooks lets Wall Street shysters "off the hook for crimes that would land the rest of us in jail - fraud, forgery, securities violations and tax evasion."
State Attorneys General Perpetuate Fraud and Coverup