Good Foreclosure Deal Could Open the Door to Ending Up With Half of Wall Street in Jail

"Last night (January27, 2012) on Countdown, Rolling Stone reporter Matt Taibbi talked about the recent foreclosure settlement deal being negotiated between the state Attorney Generals, including California’s bold Kamala D. Harris, and the banks.

“If they do this for real, if they do this like an Enron-style investigation, you could have half the luminaries on Wall Street doing prison time…. they all made enormous profits from selling mismarked and over-evaluated mortgages to unsuspecting investors,” Taibbi said.

The question in terms of broader national policy, says Taibbi, is whether the Obama Administration has really gotten the Occupy Wall Street message, or “will it be a cosmetic investigation” only?" (snip) ...

NOTE: This article is posted at this website - a 4 minute 8 second interview with Matt Taibbi included:
http://the2012scenario.com/2012/01/taibbi-good-foreclosure-deal-could-open-the-door-to-ending-up-with-half-of-wall-street-in-jail

Lots more interesting and thought-provoking information at the website for the 2012 Scenario - some of which readers will agree and others will disagree:
http://www.the2012scenario.com

The article is also posted at this website:
http://www.alternet.org/newsandviews/article/767935/taibbi:_good_foreclosure_deal_could_open_the_door_to_ending_up_with_half_of_wall_street_in_jail