Photo by dctim1
Citigroup isn’t the only bank that’s been held accountable for processing bad mortgages. In February, Charlotte, North Carolina-based Bank of America Corp. settled a false-claims case with the government for $1 billion, without admitting wrongdoing.
In May, Frankfurt-based Deutsche Bank AG agreed to pay $202.3 million for endorsing unqualified mortgages for FHA insurance, and admitted wrongdoing.Nobody went to jail. They're part of the problem that caused the financial collapse in America. Nobody went to jail.
Meanwhile, Iceland is arresting their bankers who caused their country's economy to collapse.
Meanwhile, a California man is facing life in prison for theft of $21 dollars worth of goods.
Meanwhile, another California man is facing life in prison for allegedly stealing 50 cents worth of donuts.
Is this the criminal "justice" system you want, America?
Update: and I just found this story about a current Senator being allowed to walk away from a bad mortgage and avoid paying a quarter of a million dollars to his troubled bank. No, that doesn't look odd. It doesn't look odd at all. It looks corrupt.