http://www.bloomberg.com/news/2010-10-14/foreclosure-fiasco-s-trail-leads-to-washington-jonathan-weil.html
See why Ben wants to make this go away?
Because his ass was continuously lying through his teeth about it, as well as covering it up.
And since JP Morgan as well as Goldman Sach's turned into a depository in 2008, only the FED was supposed to be auditing the accounting practices, so it's not like Ben can actually say we didn't know what they were doing, because BEN KNEW and is now caught in the cover up.
He needs to be fired ....now
AS WELL AS LITTLE TRANSPARENT TIMMY
I'm pretty sure the constitution of the United States calls what they have been doing
A high act of Treason.
Regulators’ Role
Now let’s look at the bigger picture. Where were the banking regulators while all this mischief was going down? For years the leaders of the Federal Reserve and the Office of the Comptroller of the Currency, among others, have been assuring the public they have onsite examiners and supervisors at all of the country’s largest banks. Before IndyMac was seized, its primary regulator had been the Office of Thrift Supervision.
Yet there’s no sign these agencies did anything to stop any of these institutions from treating the country’s courts so contemptuously. Perhaps the regulators were clueless. Or maybe they knew there was a problem and decided to let the banks run wild in the interest of keeping their foreclosure mills humming.
Whatever the case, they let the banking industry deal another huge, self-inflicted blow to its reputation. That’s the sort of damage regulators are charged with preventing, as part of their mission to preserve public confidence in the financial system. And to think Congress just gave the banking regulators, including the FDIC, even more authority under the Dodd-Frank Act. The more they fail, the more power they get.
Shady Tactics
