Do you think that the biggest mortgage lenders in the US will be ‘punished’ for their involvement in the current economic crisis…fraud fed foreclosures, NIJA mortgage originations, robo-signers, half baked loan mods….?
…well, think again.
The folks who many believe knowingly engaged in fraud are being allowed to continue business as usual in exchange for money. Granted, a whole lot of money…30 Billion. However, don’t forget that the biggest lenders were bailed out by the US Government (US Tax Payers).