"Goldman Sachs: FHFA fraud case is ongoing; after a ruling by federal appeals court, a class action lawsuit over MBS will go forward." (from FedUpUSA)The banks are really sick enterprises: too huge to be tamed; too many lawsuits for which they only have to pay fines each year; and too guilty to have to admit guilt for their various offenses. Any human being who never has to admit to his guilt for fraud, for bad ethics and for immoral behavior is not going to change his/her behavior. It may even become a badge of honor for the banks when they consider how little they pay and how much damage they actually do while at the same time vacuuming up all the wealth to be had in the economy.
There is one optimist out there: Eliot Spitzer who thinks that the new year will bring criminal cases. As 4closureFraud states, Not holding My Breath But...Eliot Spitzer: 'We've Turned a Corner'--Wall Street Should Expect Criminal Cases in 2013.
See the comment and the Spitzer video here
See the list of fraudulent banks here
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