What I've been saying all along...

As we discussed last week in our post "The unindicted co-conspirators in the Plantation cops mortgage fraud case...", whether we've talked about the Plantation cops mortgage fraud case, the City of Miami assistant fire chief fraud case or any of the other mortgage fraud cases we've discussed over the last few years there's always been a conspicuous absence from the list of defendants in these fraud cases, the lenders themselves.  Charles Ferguson who directed the fantastic documentary "Inside Job" said it best during his Academy Awards acceptance speech, check it out...



I couldn't have said it better myself...

"Forgive me, I must start by pointing out that three year after a horrific financial caused by massive fraud, not a financial executive has gone to jail and that's wrong."

While prosecutors across the country are spending tens if not hundreds of millions of dollars prosecuting street level mortgage fraudsters, no one has lifted a finger to go after the real culprits.  Oh well.


In case you missed it, here's a trailer for the documentary "Inside Job", it should be required viewing for anyone with a pulse!