Criminal laws don’t apply to big banks, apparently

The 50 state attorneys general investigating foreclosure fraud are opting for settling with the five biggest as civil matters

So the standard is that if you’re a bank, you can break the law.

Any law – and it’s not criminal. At worst it’s a civil matter. Maybe.

And here I thought our State AGs would actually perform their jobs and prosecute.

Silly you.

In related news, the feds just settled with BofA for $0.01 on the dollar. One analyst says “This looks to me like a gift from Tim Geithner… there’s politics all over this.” If this happened in a Latin American country, would we not call it corruption?

Pass the bananas, please.


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