Thursday, May 12, 2011

Attorney Michael Dennis Walsh still MIA, also a great story about Goldman-Sachs...

From what we're told defense attorney Michael Dennis Walsh is still missing.  We've been told that he could possibly be suffering from a nervous breakdown or a possible heart attack.  Regardless, he's still missing, we hope the best for Mr. Walsh, his family and his clients.

Now, while we're all waiting for the second phase of the Plantation Cops mortgage fraud trial to proceed, let's take a quick look at this fantastic article from Rolling Stone magazine regarding Goldman-Sachs role in mortgage and real estate meltdown.  From the article...
To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it believes in the product even as it's betting $2 billion against it. When its victims try to run out of the burning house, Goldman stands in the doorway, blasts them all with gasoline before they can escape, and then has the balls to send a bill overcharging its victims for the pleasure of getting fried.
Now consider that we just spent the last year or so watching the federal prosecution of former police officers unfold who were essentially accused of doing no more than simply lying or misstating their incomes on their loan applications.  Think about how much the prosecution of the Plantation cops must have cost the taxpayers then try to reconcile how minuscule the economic impact of their alleged crimes were on the overall economy when compared to the role Goldman-Sachs played in the mortgage meltdown.  As you know, three years after the shit officially hit the fan hundreds if not thousands of street level mortgage fraudsters are either behind bars or being currently prosecuted, yet despite the billions of dollars of damage the folks over at Goldman-Sachs did to our economy, not a single Goldman-Sachs employee or executive has been charged, despite the fact that if nothing else GS executives went before a senate subcommittee and LIED UNDER OATH!  From the article...
...and when called to Washington last year to explain their behavior, Goldman executives brazenly misled Congress, apparently confident that their perjury would carry no serious consequences. Thus, while much of the Levin report describes past history, the Goldman section describes an ongoing? crime — a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.
"Article 18 of the United States Code, Section 1001," says Loyola University law professor Michael Kaufman. "There are statutes that prohibit perjury and obstruction of justice, but this is the federal statute that explicitly prohibits lying to Congress."
The law is simple: You're guilty if you "knowingly and willfully" make a "materially false, fictitious or fraudulent statement or representation." The punishment is up to five years in federal prison.

WTF FOLKS?!   When will a state or federal prosecutor get the balls to go after these guys?  Enough with prosecuting people who lied on their mortgage applications, when are we going to get serious about getting the real villains behind the mortgage and real estate meltdown?!

No comments:

Post a Comment