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


We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

Read the Oct 21
Green Edition

Browse the print edition page by page, including stories and ads.

Browse the archives.

Friends to Follow

View All Updates