Derivative market explained.

[merrylander]

Originally Posted by noonereal

Well I know it was common practice to submit fictitious and falsified documents
and it was common knowledge. It would be easy to strike a deal with the thousands of appraisers and mortgage brokers who did this to see how far up the ladder it went. My guess would be everyone was aware at all levels.
I do not know what laws apply when but no one is looking into it and I doubt all laws were followed.
I'd be shocked if some important bankers could not be convicted.

I have been telling you for some time that our mortgage laws were designed by thieves, for thieves. There are so many holes in them that I truly doubt you could get a conviction.

[noonereal]

Originally Posted by merrylander

I have been telling you for some time that our mortgage laws were designed by thieves, for thieves. There are so many holes in them that I truly doubt you could get a conviction.

It became so greedy and so matter of fact that the atmosphere would lead to to believe that many crossed the legal line. Even if you are right to not even investigate?
And what about the bottom feeders who made hundred of thousands a year? This would be a lay up.