Thursday, November 18, 2010

Jamie Dimon and Robert Rubin: Evasive on "Fraud as a Business Model"

Foreclosure fraud isn't about losing paperwork or having incorrect paperwork. It is about committing fraud and trying to manipulate the U.S. legal system. No one -- not even a bank -- can show up in court with phony evidence.

Banks that committed fraud on the court do not get a do-over. Even if they can show up later with correct documents, it does not erase the original crime of fraud on the court. Anyone who presented phony documents as evidence in court broke the law.

http://www.huffingtonpost.com/janet-tavakoli/jamie-dimon-and-robert-ru_b_782930.html

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