Mob of Thieves Swarms Las Vegas Convenience Store

And here I thought 'Wall Street' was regulated by the SEC, not the State of NY. You learn something new every day on LVA. Maybe Jeff Skilling should appeal his FEDERAL 24 year prison term since he was obviously tried in the wrong court.

I wasn't aware Mr. Skilling was charged with filing false affidavits in State Courts perhaps you could enlighten me? Foreclosure actions are filed in state courts not the federal courts so the crimes (at least the ones I am talking about) occurred in whatever state the foreclosure action was filed in.

I'm soooooo confused now. So what is it the SEC is supposed to oversee then? You didn't answer that.or just conveniently glossed over that.

Yes, you are. The specific crime I am talking about is submitting the false affidavits (Perjury). Most people refer to it as the “robo signing scandal”.

DonDiego finds himself in the unusual position of total agreement with with malibber.

Whatever crimes were committed by Wall Street bankers, mortgage officers, and investment agents should be punished in accordance with the law. Whether felonies or misdemeanors, whether in Federal, State, or Local jurisdiction these rapscallions should be tried, convicted, and punished, . . . harshly.
(For the record DonDiego opposed the Wall Street bail-outs altogether; . . . those monies bailed-out lots of evil doers - bankers, investment professionals, and politicians. The bail-outs did not save, f'rinstance, homeowners now under water on their mortgages nor those on fixed-incomes earning ½% on their savings. Some claim the bail-outs were necessary to "save the system"; DonDiego suggests the crisis is not over and the system may yet fail, . . . after the Bankers prepare themselves to escape personal disaster.)

Likewise, those hoodlums depicted in the "latest teen fad", mob thievery, videos should be apprehended and charged with the appropriate crime in the appropriate jurisdiction and tried, convicted, and punished. DonDiego suspects the obvious conspiracy involved may elevate these crimes to felony status.

Oh, . . . and it does not have anything to do with race.

Hehe--- DD reminds me of Mark Twain with the use of the word "rapscallions"

Those teen hoodlums were racing out the door in that DC video.

It humbles me greatly to to know I am in agreement with Don Diego. On the race issue I'd suggest it more of class thing than a pure race thing. The robo signing scandal is sort of a separate scandal within a scandal. What would typically happen is a bank or mortgage servicing company would pick a low paid, often younger, non-sophisticated employee, give them a small raise and tell them their new job was to “sign documents”. The document signers duly signed 100s to 1000s of documents each business day without bothering to read them let alone have any understanding of the legal duties signing those documents carried. This allowed these banks to foreclose homes for $500 or less in fees instead of say $2,500 -$5,000 in fees if the cases were handled like they are supposed to be. That is where the person is aware of the nature of the documents he or she is signing and has performed all the duties the law obligates them to do before they sign them. From the cases I have read its clear these weren’t isolated events and in fact the management and board of directors in most of these cases specifically set the process up this way to maximize profits. In other words you could take a lot of large banks and charge all their upper management and their board of directors because they conspired to submit false affidavits all across the country.

HBO is running some docudrama I happened to catch a little bit of in the middle of the night.It was quite interesting and everything almost domino'd to the point of total mayhem. I was really surprised that GE was closed to getting the rug pulled out from under them.

HUGE mess. I'm not sure theres any light at the end of the tunnel here.

JOHN