the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
May 2, 2011
On April 19th, a jury convicted Lee B. Farkas of 14 counts of fraud and conspiracy for pyramiding 2.9 billion dollars of fraudulent mortgages.
A witness recalled Farkas saying, “I could rob a bank with a pencil.”
In his defense, Farkas stated, “It’s very common in our business … to sell loans that don’t exist. It happens all the time.”
Yes, the frauds happen all the time. It’s only prosecutions and convictions that are rare.