Quote:
Originally Posted by camaraderie
Rick...that summary would suggest that some individuals in the banks and the bond rating houses KNOWINGLY rated the bonds at higher confidence levels than justified and committed criminal fraud. So...perhaps the missing piece of this bailout is that some people need to go to jail and have their assets seized. Is there anything going on on that front?
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Cam is singing my song.
How about the brokers who peddled the no-doc loans? That's a clear case of well-documented fraud. Seize their assets and put their entire estate toward the $700 billion bailout. They racked up a lot of money by perpetrating this fraud, and they should the first ones to start paying the damages caused by it.