The circumstantial evidence is easily sufficient to show that at least some of the banksters who sold real estate mortgage-backed securities to unsuspecting investors had the required mens rea of intent to defraud.
|By: masaccio Tuesday March 1, 2011 4:23 pm|
|By: masaccio Friday February 18, 2011 2:30 pm|
Preet Bharara, the US Attorney for the Southern District of New York, is letting the statute of limitations run on securities fraud related to sales of real estate mortgage-backed securities. He’s very busy with insider trading cases and partying with his buddies at the law firms that got reich creating teh deals and then coping with the fall-out.
|By: masaccio Saturday February 5, 2011 11:50 am|
The Final Report of the Financial Crisis Inquiry Commission talks about Suspicious Activity Reports, but doesn’t connect the dots. Neither did FinCEN, the federal agency responsible for handling them, or Timothy Geithner, who is in charge of FinCEN, or Eric Holder, the AG, charged with prosecuting mortgage fraud and failure to file SARS, among other things.
|By: masaccio Saturday January 29, 2011 5:00 pm|
The sensible members of the FCIC referred criminal violations as they deemed appropriate. They properly did not discuss them. The Final Report gives clues about the crimes the sensible majority suspect.
|By: Jane Hamsher Wednesday December 1, 2010 4:55 am|
Get your fresh catfood! FDL has obtained a copy of the Catfood Commission final report in advance of its official 9:30 release. It can be downloaded here: PDF Their reigning spirit of self-importance comes through on the very first page: “The Moment of Truth.” Here’s a gem. From the “goals” section: Reform social security for [...]