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They could fool around for a decade making laws to rename, restructure, line their own pockets (and end up with govt subsidizing housing anyway) and the public will be none the wiser. (sure the stock will have wild swings during the circus). The only hope for justice in my opinion is a court of law. My biggest fear is that the US govt pays off Fairholmes. After all they are in it for money and power also. We would never know. And if Fairholmes drops the case or sells out and loses no other lawsuit has a chance. The corruption in this country is unbelievable. I've always been patriotic but this is making me more skeptical of our leadership.
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richeydouglas • 56 minutes ago
I served this country hercmeg during two wars and always believed the rule of law would prevail and no American citizen should be stripped of any of its rights. Yeah I bashed the heck out this before thinking that investors some how were at fault or connected to this collapse when it was the banks on loose regulation that caused all this fraud and corruption to take place in the housing markets. They took advantage of taxpayers and investors and now have political ties strong enough to protect them. These political people that support this moral hazard (crapo bill) have no ethics and are the real enemy to its own citizens. Less
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I believe discovery has already produced mountains of proof of criminal activity. Now they are trying to figure out whats "best for the country". Settlement or reform would be a breach of justice. Fairholmes and Sweeney need to take the government to task for us to see real justice. That would certainly include criminal activity on all parties. Govt, Banks and FnF. They're all as dirty as can be. BUT the FnF model saved our economic system in spite of greed for power and money. The LAST thing we want to see is taking apart the only thing that saved us. It's just plain crazy. Less
Sentiment: Buy
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