Tag: bbb

Here’s how we know Wall Street needs to be behind bars

Sometimes when I look at everyone involved in the mortgage scam I get a headache. Everyone at almost every stage of the process was trying to rip off the American consumer. We have the mortgage lender who was changing mortgage applications to get Americans who were not qualified for mortgages qualified. First lie. Then we have those same mortgage lenders telling Americans that they have fixed mortgages, when in fact they had highly adjustable interest rate mortgages. Lie #2. These lenders would then sell those mortgages to Wall Street. Wall Street would package the mortgages into securities which were sold to

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There’s right and there’s wrong; this is wrong

Just a couple of items: I know that the progressive thing to do is to talk about the riots in Egypt. I’m sorry, I’m not an expert on Egyptian politics, but my friend Brian Katulis at the Center for American Progress is an expert. He’s laying down his insight. It is no surprise to me that any objective panel would find that Wall Street may have violated federal securities law. The whole mortgage-backed security debacle was dependent upon two critical deceptions – first, someone had to be set up with a loan that was bigger than they needed. This was done

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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