Tuesday, October 26, 2010
The Housing Bubble Fraud & The Truth
Whether the truth about the mortgage-backed bonds, the investment bankers that underwrote them, the credit rating agencies that rated them, the banks and mortgage brokers that made the liar loans, and the cover up by the Federal Government, the Federal Reserve Bank and the press, will ever come out at this point is doubtful.
There are a few people on TV and a few people writing books and magazine articles that have attempted to bring the frauds that were committed in the creation of the housing bubble to light, but this has been an uphill struggle.
Whether anyone will be charged with any of the many frauds that were committed and brought to trial is also doubtful.
Certainly, given the above statements, it is understandable that a good many people feel that the system has let them down. The rule of law is to keep the little guys in line, but the big corporations have nothing to fear as their influence buys them the protection they need to carry on.
Eventually, unless everyone that knows the truth about the housing bubble fraud is silenced, the truth will come out some day.
Money talks and bullshit walks, but in the long run, the truth will be known!