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Deutsch Slammed with $7 Billion Fine

Livinglies's Weblog

If they really wanted to provide the relief necessary for homeowners and household wealth and thus bolster the economies of the world, they would take down the the shadow banking marketplace with one simple announcement: that the notes and mortgages were illegal, immoral. and improper, as they were designed not for a loan, but a cover-up of outright theft from investors.

You must read between the lines. Here is Deutsch being punished for “improperly” packing loans. Yet part of the deal is to provide the “borrowers” in those “loans” with modifications or other relief. If the settlement was really about improperly packaging the loans then the relief would go to investors, not the homeowners.

This is a concerted effort to hold back the fury of a population that knows it was screwed by the banks and know that government did nothing to protect them or help them get their lives…

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