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

Last night 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? 

AlterNet / By Sarah Seltzer

Posted at January 28, 2012, 7:58am

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