How did you fix deliberate and willful fraud?
You don't!
Unless your helping to cover it up.
So what Ben is saying is that it was not only OK to fuck over a nation of individual people doing business with the banks but it was actually OK to fuck over the investors of the products the banks were selling.
Only in America folks.
A criminal investigation needs to be started now and not by those that would help to cover it up!
"Chairman Bernanke informed us that they have in fact discussed the issue with the major lenders, and that they are meeting with other regulatory agencies to review the problems associated with foreclosures; that they will pursue appropriate remedies relative to document signing and MERS issues," National Community Reinvestment Coalition President John Taylor said in a statement.This from the regulator that allowed all these hinky securities to be assembled by the very institutions he oversees, who stuck his head up his ass while they were being packaged and marketed, who has done nothing about the apparent refusal of these firms to actually adhere to the quality standards under which they sold these things to investors, and who now seems to think that national banks hiring a gang of thugs to literally break into someone's house meets the standard of a firm that should have a banking license.
John Dillinger had nothing on these guys.
