VICE on HBO looks at factors that led to the 2008 financial crisis and the efforts made by then-Treasury Secretary Henry Paulson, Federal Reserve Bank of New York President Timothy Geithner, and Federal Reserve Chair Ben Bernanke to save the United States from an economic collapse.
The feature-length documentary explores the challenges these men faced, as well as the consequences of their decisions.
Ultimately, the people – the homeowners – over 10 million – would be sacrificed and not a single Wall St. Banker went to jail.
“It’s not based on any particular data point, we just wanted to choose a really large number.”
— a Treasury Department spokeswoman explaining how the $700 billion number was chosen for the initial bailout.
Indymac Mortgage Fraud: Restitution for Investors But Burke Dishonorably Blocked in Federal Courts for 14 Yrs
Perry told staff that he wanted the name of any underwriter who was not approving loans…staff to inflate applicants’ financial information.
Texas: The $4 Million Dollar Wrongful Foreclosure Judgment Against Deutsche Bank and PHH Ocwen
Texan Dilemma: Will the corrupt Texas Courts and Gov. collude to settle with Deutsche Bank and PHH Ocwen, or obliterate $4M judgment?
The Greatest Theft: Ocwen PHH Mortgage Premeditated Long-Term Scheme to Steal Citizens Homes
Ocwen PHH’s egregious act was to use HAMP to POSTPONE foreclosures and add big balloon payments, NOT to help homeowners keep their homes.
