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Did Tim Geithner say that- foreclosed homeowners were consenting adults?

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~Criminal conduct anyone – Two foreign banks – regulated by New York Fed
When it comes to corruption, dis-loyalty, greed and illicit conduct from banking institutions, servicers, mortgagee’s- their employees – they request that prosecutors, regulators go easy on them. They can destroy people’s lives but, let’s make a deal. Too bad Tim Geithner  didn’t feel that way about homeowners when servicers inflated their payments with illegal fees not crediting payments on time or not at all- According to New York Times – “two banking giants implore United States authorities to go easy” – two of the world’s biggest banks – looking at criminal charges now want leniency. The two banks BNP – France – doing business with US blacklisted countries – credit suisse-tax shelters for avoiding US taxes. Compare these illegal actions with what the big US banks have been guilty of- will the actions prove beneficial to help prosecute American banks like Citigroup – Bank of America or J.P. Morgan Chase. Big US banks answer to a different drummer than foreign banks with New York operations- US banks look to the Comptroller of the currency. The Comptroller being Thomas J Curry – let’s open this can of worms of J.P. Morgan Chase. How do we get around no criminal charges people, you see, if criminal convictions showed up, Mr. Curry could have been required to take a look at the bank’s charter. Can’t let that happen – so how do we get around that – when there was evidence of records showing J.P. Morgan Chase with ties to Bernard L Madoff. So, Mr. Prete Bharara the US attorney in Manhattan goes to Washington, to see Mr. Thomas Curry- the Comptroller. Well, well – JP does not have to plead guilty but a slap on the wrist of 2 billion. From Mr. Curry and Mr Bharara, astronomical amount for any working-class or struggling homeowners- Those people that Tim Geithner labels as consenting adults. Forget the homeowners being foreclosed on – bailout the big banks, little banks- when they fail – bail them out again to the tune of trillions. 2 billion fine for the nation’s biggest bank. Hardly the big picture. Citigroup – Bank of America, more on J.P. Morgan coming up – take a look at how these “too big to fail banks”, made deals. They were fined for their abusive behavior but a dribble to what they did to homeowners and where did that money really go?  You would be surprised.  And, what did Bank of America pay the SEC? Well, J.P. Morgan Chase fined 13 billion – Citigroup fined 7 billion – but what were the loopholes? Tip of the iceberg – more to come – stay tuned – Geithner gets scared that Citigroup and AIG are going down time for Timmy to put on his cape to the rescue. 
You can read Tim Geithner’s book from your local library!
This article is an opinion – The writer is not an attorney- This article is not intended to give any legal advice.



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    • DK

      In a moral world, banks would not treat customers as cattle but members of a good mutual, and reduce interest or freeze it altogether however they are exploitative money creating businesses with no morality forcing the world to live in an inflationary currency where every currency unit is worth less each day with compound interest due on loans creating price inflation. In the ideal world there would be no private banks, a greenback currency and price deflation, but like it or not it is the property owners who buy on credit who have mostly caused the 1000% inflation rate since 1913%, the banks gave out loans, noone needed to take them.

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