In a 2009 report issued by the Florida Supreme Court, The Task Force on Residential Mortgage Foreclosures described the foreclosure crisis as a hurricane bearing down on the state.
Well the hurricane came and it has stayed here ever since….soaking our streets, the winds blowing homes down, the whole impact destroying communities and in fact the entire state.
Our government at all levels failed to protect us. It failed to fulfill the most basic function…to protect this country from harm. And those that destroyed the country’s economic foundation committed treason just as surely as if they sold military secrets to the enemy.
The question is whether they will ever be held accountable? From Reuters:
(Reuters) – Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.
The federal government, as has been widely noted, has pressed few criminal cases against major lenders or senior executives for the events that led to the meltdown of 2007. Finding hard evidence has proved difficult, the Justice Department has said.
The government also hasn’t brought any prosecutions for dubious foreclosure practices deployed since 2007 by big banks and other mortgage-servicing companies.