Archive for August 1st, 2011

The Revolving Door B/T Wall Street and our Government

Many foreclosure defense lawyers and consumer advocates have openly wondered why the U.S. Government hasn’t been more active in punishing Wall Street for its various fraudulent and criminal acts. 

One obvious problem is that the relationship between Wall Street and our government lacks the requisite checks and balances.  For lack of a better term, it’s incestuous.  Quite simply, as this article reflects, many people have gone from working for Wall Street, to our government, and back to Wall Street again. 

With this type of incestuous relationship, is it any surprise Wall Street hasn’t been punished in the manner it should?

Mark Stopa

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