Forum Post: NY TIMES reported that Citibank (Credit Suisse, JP Morgan & Chase have also paid fines or will be paying fines) must DISGORCE its profits fo creating TOXIC MORTGAGES selling to homeowners then investors then betting against ALL with derivatives
Posted 13 years ago on Oct. 26, 2011, 2:46 a.m. EST by FedWallFedWellFedUP
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NY TIMES reported that Citibank (Credit Suisse, JP Morgan & Chase have also paid fines or will be paying fines) must DISGORCE its profits fo creating TOXIC MORTGAGES selling to homeowners then investors then betting against ALL with derivatives
Will they be forced to admit guilt to charges of fraud?
Will they be indcited for fraud?
Will they be held responsible for the relief of the debt that they put on the backs of home owers through their fraudulent practices?
Or do they just pay out a bunch of bucks and just keep going forward.
Somehow I think the last scenario is the most likely.
huh?
DISGORCE?
Do you have a link?
http://maxkeiser.com/2011/10/10/99-to-bankers-weve-got-the-guillotine/
just like like Max Keiser says these guys are financial terrorists. It's time to erect a gallows or a guillotine in a prominent public place in New York City.
I second that motion.