Wednesday, February 15, 2012

Godfrey Bloom: Time for Fiscal Crimes Tribunal

I could not agree more with Godfrey Bloom.

Speech at EU Parliament:

Godfrey Bloom, MEP for UK's Yorkshire Dales region is on the right track.  Sadly he can only speak for the EU. 

It is now time for an American Godfrey Bloom to stand up in either chamber of Congress and proclaim the same thing.  It is time that a full investigation to address the HOW, WHY and WHO involved with the 2008 mortgage crisis and overprinting at the Federal Reserve.  The follow as Mr. Bloom suggested and throw them in the slammer until they expire. 

Seriously.  Catalog and review every piece of legislation such as the Community Reinvestment Acts of 1997 and 1993; and action by the U.S. Federal Reserve to artificially lower interest rates to support such acts to create housing bubbles.

More than four years after the start of the collapse, the housing sector is no where near where it once once and millions of homeowners have either been forced into foreclosure or see their homes go underwater.  Those homeowners were lied to, deceived at every turn and deserve answers.


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