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The Great Real Estate Swindle All things related to the housing debacle including sub-prime lending practices, foreclosure fraud, MERS, REMICS and banking and political malfeasance.

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Old 11-17-2011, 03:03 AM   #1
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Thumbs up First Felony Charges for Robo-signers -Nevada!

606 count indictment against two officers for filing tens of thousands of fraudulent foreclosure documents.
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If they're guilty; may they burn in hell.
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Old 11-17-2011, 03:06 AM   #2
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I hope other state AGs are watching this, and follow suit.
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Old 11-17-2011, 03:10 AM   #3
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Quote:
Originally Posted by Ought Six View Post
I hope other state AGs are watching this, and follow suit.
You and me both.
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Old 11-17-2011, 12:06 PM   #4
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I hope this is The first of many to come, but I fear this is just a token sacrifice at most.
Note that there's no mention of the Bank's name. The two persons being charged are just mid to low-level managers and not the well connected, To Big to fail, Corporate level criminals who openly operate with blatant impunity and with the full support of our elected officials..

Just a token sacrifice, No real change at all.

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Old 11-17-2011, 12:11 PM   #5
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Quote:
Originally Posted by Sonny View Post
I hope this is The first of many to come, but I fear this is just a token sacrifice at most.
Note that there's no mention of the Bank's name. The two persons being charged are just mid to low-level managers and not the well connected, To Big to fail, Corporate level criminals who openly operate with blatant impunity and with the full support of our elected officials..

Just a token sacrifice, No real change at all.

!
I hope you're wrong. Perhaps a deal for bigger fish up the food chain in exchange for a lesser sentence.
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Old 11-17-2011, 04:30 PM   #6
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Quote:
Originally Posted by Sonny View Post
I hope this is The first of many to come, but I fear this is just a token sacrifice at most.
Note that there's no mention of the Bank's name. The two persons being charged are just mid to low-level managers and not the well connected, To Big to fail, Corporate level criminals who openly operate with blatant impunity and with the full support of our elected officials..

Just a token sacrifice, No real change at all.

!
I think not. State AGs are an independent and ambitious lot. If they see going after banks as a way to get positive publicity and further their careers, they will be all over it. I expect similar indictments from other states in the next few months.
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