You the jury
Subtitle: how Wall Street cashed in on the American dream and nearly killed it
By: Anthony T. Accetta
Publisher: Anthony T. Accetta
Published: 2009
Place of publication: New York
Language: eng
Number of pages: 175
ISBN-13: 9780615496535
Subjects: Investment banking; Financial crises; Bank failures
Description: An insider's view of the mortgage fraud that caused the collapse of the US housing markets and the US, if not the world's, economy. It describes how Wall Street perverted the mortgage origination business and created the toxic markets from which it made trillions in profit, while destroying the equity, jobs, and futures of millions of Americans. You the Jury is a wake up call for the reestablishment of the rule of law. It is an inside view of Wall Street and law enforcement at their worst. The history of crime teaches that punishment is essential to the prevention of behavior which endangers society. The rule of law in America has always been held as a fundamental value. No one is above the law, the sages say. It is about over 40 years of mortgage fraud and the decision of Wall Street to commit crimes which led to the greatest economic collapse in history, the destruction of trillions of dollars of wealth, record unemploymeent, trillion dollar bailouts, and the effective repudiation of the rule of law. It is about a Republican Attorney General who likened mortgage fraud to street crime and said its prosecution should be left to "local authorities." It is about an FBI which has pursued purchasers, brokers, appraisers, mortgage originators, scam artists, and their ilk, while not arresting a single head, or even executive officer, of a major financial institution for mortgage origination fraud, securities fraud, theft, wire fraud, or any number of other crimes committed by Wall Street institutions and their governing individuals. This book tells you who did it, how they did it, why they did it, and how they could be caught and successfully prosecuted. It rejects without exception those who blame a perfect storm or bad bets or mere greed for the greatest economic collapse in American history. It seeks your voice to demand that law enforcement enforce the law-even against the rich and powerful. It warns that those in power, in government and out, have set the stage for a repeat performance. In the end You, the Jury, will have to demand that most precious of commodities: Justice.