The fraudulent practices of the mortgage servicers have injected an untold number of forged documents into the legal system, jeopardizing the clean titles to millions of homes around the country. The costs of cleaning up this legal mess will most likely be in the hundreds of billions of dollars, yet this settlement would let Wall Street settle up with the state AGs for just $25 billion. Worse yet, most of this money would come from the pockets of investors who now own the mortgages, not from the perpetrators of fraud, and the rest would come out of the pockets of bank shareholders rather than from the miscreants who perpetrated the fraud.

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Goldman Sachs is behind a heck of a lot...And controls most of the 1% that run the U.S.
- 3 votes
On May 3, 2007, Barack Obama attended an event at the Museum of Modern Art in Manhattan that was not on his public schedule and is only now surfacing. The exclusive private dinner was for Goldman Sachs traders and featured a discussion on issues by Obama moderated for the Wall Street firm by NBC's Tom Brokaw. Once again the circumstances are strange as a year later Brokaw would be moderating the second presidential debate between Obama and McCain and the economy and Wall Street were the main points of discussion. Of course the debate commission and McCain were unaware that Obama and Brokaw had already held a practice session the year earlier.
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- 2 votes
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