FDIC Lawsuits Yielded Big Penalties, But Bankers Haven't Paid Up

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FDIC Lawsuits Yielded Big Penalties, But Bankers Haven’t Paid Up

FDIC Lawsuits Yielded Big Penalties, But Bankers Haven’t Paid Up

We already know who runs the government. [PERIOD]

They settle for pennies on the dollar and they don’t even pay a single penny!

HuffPO-

WASHINGTON, Feb 23 – Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn’t require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.

Last year, the Federal Deposit Insurance Corporation sued two former senior executives of the defunct bank for alleged negligence and breach of fiduciary duty, hoping to recover nearly $200 million in losses that it tied directly to those executives’ decisions. The two men denied wrongdoing and settled for $40 million.

But they didn’t pay a dime.

[HUFFINGTONPOST]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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