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Forum Post: Since housing market began its collapse, SEC accusing major Wall Street institutions of misleading customers about who was putting together a security and about their motive. Citibank,Goldman Sachs and JPMorgan Chase settled similar cases in the last yr

Posted 12 years ago on Oct. 27, 2011, 3:01 p.m. EST by FedWallFedWellFedUP (183)
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Since housing market began its collapse, SEC accusing major Wall Street institutions of misleading customers about who was putting together a security and about their motive. Citibank, Goldman Sachs and JPMorgan Chase settled similar cases in the last year. Credit Suisse Charged last Wed.

http://www.nytimes.com/2011/10/20/business/citigroup-to-pay-285-million-to-settle-sec-charges.html?_r=1&hp

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[-] 1 points by FedWallFedWellFedUP (183) 12 years ago

The private corporation We call the Federal Reserve raised the interest rates 17 x in a row from "03 to '06 in their greed and not in the best interest of the people. These actions sent millions into foreclosure. Thereby devaluing real estate & robbing the middle class of its security blanket.