You say “fraud,” I say “business as usual.”
From CNN ticker:
— The FBI has launched an investigation into possible fraud at now-defunct IndyMac bank corporation.
Investigate away FBI (for all the good it will do.)
In these lawless times how can anyone be accused of fraud?
“In these lawless times how can anyone be accused of fraud?”
You’re the one who said you were Delaware’s hottest blogger.
Glad you posted that Jason. Why didn’t Fed Reserve guru Ben V, not know that Indy was failing last Friday, they werent even on the list.
There are already some banks on the list, Wachovia is one of them. Citibank has serious problems too.
So why is Congress bailing out these banksters. On Cspan today, they were arguing against giving them a bailout, stating that Indy Bank has lots of money.
Is this just another scheme to get the american people to bailout the banksters, when they should be bailing out the citizens? Instead of foreclosing on people, the Congress should force the mortgage companies to charge everyone 5% and get a new mortage. They stay in their homes and pay taxes….isnt that a better solution, than bailing out these cheaters and fraudsters? Look at the Countrywide debacle, why aren’t those people in jail. White collar crime is rampant in this country and and no one is accountable including the Congress and Senate.
Friedman would be/is so proud of this moment
Timely new Onion:
WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.
“What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future,” said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. “We are in a crisis, and that crisis demands an unviable short-term solution.”
http://www.theonion.com/content/news/recession_plagued_nation_demands
The Onion nails it once again.