Letters to the Editor

Past time to end corruption ‘tax’

I just received my check from the mortgage fraud settlement agreement.

My particular mortgage provider paid a total of $10.9 billion in settlements. This seems large until you consider they were provided $1.3 trillion in bailout money since the 2008 economic meltdown created by other reckless practices from this institution.

This economic collapse precipitated my layoff, months of unemployment, a significant reduction in my income when I found work again, and to my home’s foreclosure. At least the $600 settlement check provides some level of justice.

Now I find out that this institution was implicated in last year’s Libor interest-rate scandal and another related manipulation of interest-rate swaps called ISDAfix.

This time the criminals should go to jail rather than writing a check with the money they stole.

Christian Henry
Bremerton

 

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