The U.S. FED being an arm of the banks is something informed persons take for granted anymore. We all know how corrupt it has become and how seriously it needs to go away. Bernanke is a total shit if ever there was one. We see today still another proof of that. In a month long internal audit by the FED they couldn’t find a single instance of fraudulent foreclosure activity by a bank. I repeat: In a month long internal audit by the FED they couldn’t find a single instance of fraudulent foreclosure activity by a bank. I don’t know whether to laugh or cry. Government seems to launch a crazy report like this every Friday. Like if I need an excuse to indulge in another glass of wine. It’s a few minutes past 4:00 PM. My Happy Hour starts now. LINK
WASHINGTON, D.C. — A months-long internal investigation into abusive mortgage practices by the Federal Reserve found no wrongful foreclosures, members of the Fed’s Consumer Advisory Council said Thursday.
During a public meeting attended by Fed chairman Ben Bernanke, consumer advocates on the panel criticized the central bank’s examiners for narrowly defining what constitutes a “wrongful foreclosure.” At least one member of the panel, comprised of consumer finance experts not employed by the Fed, voiced concerns that the public would not take the Fed’s findings of improper practices seriously, since the wide-ranging review did not find a single homeowner who was wrongfully foreclosed upon.