The 2008 financial disaster —
which was ignited about five years ago by banks and mortgage lenders who
maintained that deadly loans were, in reality, AAA-worthy — obliterated
trillions of dollars of wealth and produced calls for accountability. There had
been extensive fraud, after all, and somebody had to pay.
Hence, federal prosecutors joined
up with three other federal bureaus to initiate and implement a major criminal
inquiry. Here is the target of the most top-level indictment to come out of the
financial crisis:
They took down Teresa and Joe
Giudice, main characters of Bravo’s “Real Housewives of New Jersey.” Their
violation? Deceiving banks on mortgage documentations...
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