Skip to main content
Foreclosure Defense Florida

Why Do Banksters Commit Fraud, Cheat, Lie And Commit Financial Crimes? Because They Can…

distrust-banks-americaNow if a thug were pushing around a little old lady in front of her home to take purse with $20 in it an the police walked by and saw it, they would probably arrest the guy and he would probably be prosecuted…..right?

But what if the the same little old lady was targeted by fraudulent sales practices to close a loan, and what if the lender lied and jacked up her payments, then fabricated documents to send her into foreclosure, then committed notary fraud and document fraud to fabricate the documents necessary to foreclose, lied about properly serving the lawsuit on the woman, then went in before a judge, lied committed perjury but ultimately was successful in getting the little old lady thrown into the street?

You know the answer to the riddle….not a damn thing would happen to any of the dozens or hundreds of people who are involved in the crime spree in the second scenario.   And think about the second scenario and all the people and companies and agencies that are involved.   At the state level, at the local level, at the national and even international level.   And not a single lawmaker, agency, board or body (except a few notable attorney generals, property recorders and judges) are willing to do anything at all about it.

The adults across this country, from the local level all the way up to the White House were convinced by the criminals that if they were held accountable in any way for the crimes that led to this crashed economy, we would all be sent into Economic Armageddon.   And largely, they’ve all bought into it.

Well, as Dr. Phil says, “How’s that workin’ for ya?”   We’re three years post collapse and I only see things getting worse…much, much worse.   And the people are only getting angrier.   Not angry enough yet, but that’s coming.   I mean, you can only kick people for so long before they really explode….and as more and more details of the abuse of people continue to be revealed, they’re only getting angrier.

Fannie and Freddie execs getting hundreds of millions while taxpayers are paying them billions?

Fannie and Freddie’s Foreclosure Barons still living high on the hog while throwing obscene parties?

The banks kick down doors and throw people into the streets whenever they want?

The banks continuing to abuse people, soldiers, the citizens that bailed them out?

The banks and their lawyers continuing to abuse the legal process?

Someone please explain to me how there will not be a real price to pay for all this in the end?   I know and it’s not pretty.   And as enraged as I get, the fact of the matter is my cases are largely in really good shape.   Fortunately I practice in an area where the judges treat foreclosure cases just like every other civil litigation case…..and both sides had better be ready to go through their paces. No games, not shortcuts, no ignoring the rules, just because it’s foreclosure court…..I’m proud of the privilege of working in one of the toughest judicial circuits in the state.   And guess what?   When the banksters know they’re going to forced to do their job correctly, they work with people.   They craft solutions, they negotiate.

I frankly have great relationships with the attorneys on the other side.   They know I take my job as officer of the court seriously.   I don’t play games and I’m not a free house guy.   I’m an attorney with an obligation to resolve a conflict that’s before the court.   And both sides have an obligation to work together before coming before the judge to resolve every single issue….reserving only those that are actually contested before taking up court time.   So many times we work our disagreements out and only take the unresolvable before the judge….that’s the way it’s supposed to go.

But back to the story.   The reason why we’re in such trouble is the banks are getting away with crimes and fraud and wrongdoing…again and again and again.

And the reason is simple….because their are no consequences for their crimes and wrongdoing.   We have decriminalized and just failed to go after anyone for anything.

And what’s going to happen?   Well, this will continue to boil and fester until it will boil over and run out of control.   It just will, eventually.

Read This:

Public mistrust for banks may be at an all-time high, but federal prosecution for certain financial crimes is down to a 20-year low.

The federal government is on track to file just 1,365 prosecutions for financial institution fraud in fiscal year 2011, according to a new report from a watchdog group. That would be the lowest number of such prosecutions in at least two decades.

The report, from the Transactional Records Access Clearinghouse at Syracuse University, comes at a time when the protest movement known as Occupy Wall Street has gained nationwide visibility — and no small degree of public support — by criticizing what its members see as a close relationship between big banks and the federal government.







One Comment

Leave a Reply