Chapter
Mortgage Fraud and Corruption
12:59 - 20:35 (07:36)
The episode discusses mortgage frauds where banks engaged in the predatory practices that cost homeowners everything and almost brought down the economy and the need to redefine corruption.
Clips
The changing definition of corruption has made it difficult for the Department of Justice to prosecute individuals who engage in unethical behavior, unless it is made explicit or defined as corruption.
12:59 - 15:25 (02:25)
Summary
The changing definition of corruption has made it difficult for the Department of Justice to prosecute individuals who engage in unethical behavior, unless it is made explicit or defined as corruption. This issue not only affects the criminal justice system's ability to bring justice to victims, but it also challenges how the system views who is deserving of punishment.
ChapterMortgage Fraud and Corruption
EpisodeThe Trump Indictment and Who We Think Deserves Prosecution
PodcastThe Problem With Jon Stewart
The mass production of documents led to cover-ups for banks in the public records and recording agencies which hampered ownership proofs.
15:25 - 17:10 (01:45)
Summary
The mass production of documents led to cover-ups for banks in the public records and recording agencies which hampered ownership proofs. It became a problem when banks foreclosed on people, leading to mortgage-backed securities created that were not proof of actual ownership.
ChapterMortgage Fraud and Corruption
EpisodeThe Trump Indictment and Who We Think Deserves Prosecution
PodcastThe Problem With Jon Stewart
The consequences of the mortgage crisis included Linda Greens committing fraud in foreclosing homes, people losing their jobs, scams from hedge funds, and DPA-like settlements, where banks had to give principal reductions or mortgage modifications to people.
17:10 - 18:49 (01:38)
Summary
The consequences of the mortgage crisis included Linda Greens committing fraud in foreclosing homes, people losing their jobs, scams from hedge funds, and DPA-like settlements, where banks had to give principal reductions or mortgage modifications to people.
ChapterMortgage Fraud and Corruption
EpisodeThe Trump Indictment and Who We Think Deserves Prosecution
PodcastThe Problem With Jon Stewart
The poverty and despair in communities can lead to desperate actions, including robberies and drug/alcohol use which can put individuals at a high risk of falling into the justice system and paying non-DPA penalties.
18:49 - 19:39 (00:50)
Summary
The poverty and despair in communities can lead to desperate actions, including robberies and drug/alcohol use which can put individuals at a high risk of falling into the justice system and paying non-DPA penalties.
ChapterMortgage Fraud and Corruption
EpisodeThe Trump Indictment and Who We Think Deserves Prosecution
PodcastThe Problem With Jon Stewart
The federal government's standard for investigating civil rights violations is the one for one for one standard, which requires willful discrimination.
19:39 - 20:35 (00:56)
Summary
The federal government's standard for investigating civil rights violations is the one for one for one standard, which requires willful discrimination. This is not just applicable for business corruption, but also for civil rights.