bribe the compliance department as i've explained on the show many times when i was working at paine webber oppenheimer shearson alex brown the first thing it is is you brought the compliance officer that's how they make their money they're in every office that's the key guy to bribe number three she says although be exposed to some kind of civil lawsuits forget the civil lawsuits about the criminal lawsuits we want to see a people in jail big capital punishment needle in the arm death death to bankers mary shapiro you lamed milk toast eating slob as she says people won't settle with us if they have to admit wrongdoing but look at across america how many people have died from being tasered because they couldn't respond to an answer because they were having an epileptic fit for example so they get tasered how many people are presumed guilty and murdered in america for failing to comply why doesn't she just whip out her taser and say admit your guilt jamie diamond yeah well i mean that's an excellent point everywhere else in the legal system they assume guilt until proven innocent they taser

when you work at a firm like paine webber or oppenheimer or alex brown as i did for many years just break any law you want we got lawyers and that's the montra and you see this all the time if that doesn't work then they put a gun to the market said they use high frequency trading and they crash the market as hank paulson did in two thousand and eight to weasel seven hundred fifty billion out of congress using financial terrorism well you're argument there that you're allowed to commit crimes and just do it we'll we'll deal with it the lawyers say that at these banks the top twelve reasons you should hate the mortgage settlement this is from the smith a naked capitalism and she says we've now set a price for forgeries and fabricating documents it's two thousand dollars per loan it is less than the price of the title insurance that banks fail to get when they transfer the loans for the trust it is a fraction of the cost of the legal expenses when foreclosures are challenged it's a great deal for the banks because no one is that any of the servicers going to jail for forgery and the banks h