Published on Mar 21, 2014 by democracynow
http://www.democracynow.org- A new internal report says the Justice Department massively overstated its successes in targeting mortgage fraud while in fact ranking it as a low priority for investigation. The Justice Department’s inspector general says despite playing a central role in the nation’s financial crisis, mortgage fraud was deemed either a low priority or not a priority at all. This comes as a recently revealed internal Wells Fargo document appears to guide lawyers step-by-step on how to fabricate missing documents to foreclose on homeowners. Wells Fargo is the country’s largest mortgage servicer and services some 9 million home loans.
One thought on “As Wells Fargo is Accused of Fabricating Foreclosure Papers, Will Banks Keep Escaping Prosecution?”
To answer the title of this post,yes,they will not be prosecuted.The idiot holder has publicly stated that the big banks are “Too big to prosecute”.I would say that is a green light for more criminal activity from financial institutions.I know many need a bank or similar entity for business ect.,try and if possible use a local community bank or better yet a local credit union,that along with to best of ability join the underground economy thru cash/barter ect.,will be the economy in the brave new world,might as well get on board and familiar with it as much as one can.