Words from the Rising Republics

November 20, 2015

 

$25 Billion Fine for A $32 Trillion Foreclosure Fraud Proof of Gov’t + Bank Conspiracy

November 16, 2015 eClinik Learning Leave a comment

Multiple global banks have been fined “record breaking amounts” for foreclosure fraud and interest rigging, yet when we compare it to the actual damages that should have been awarded to the actual victims of the whole Ponzi scheme it would appear that the so-called “record breaking amounts” are just a trickle in the grand swindle bucket.

What’s more ridiculous is the fact that a major portion of these fines are tax deductibles. What?

“It’s our understanding that the $2 billion penalty will not be tax-deductible,” JPMorgan Chief Financial Officer Marianne Lake said, “but that the remaining $7 billion of compensatory payments will be deductible for tax purposes.”

http://www.npr.org/sections/thetwo-way/2013/11/19/246143595/j-p-morgan-chase-will-pay-13-billion-in-record-settlement

After they have plunged the people into some suicidal tendencies out of sheer financial desperation, not a single bank CEO has been put to prison in the US or the UK. The punishment is so trivial they could just write it off as part of the normal cost for conducting business.

However, victims of these bank foreclosure fraud can get back at the system if they bond together and use the template of one case that‘s been successfully pursued through a jury trial resulting to a $5 million jury award for one foreclosure fraud.

$5M Jury Award for One Foreclosure Fraud Makes U.S. Punishment Look Trivial

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