Monday, November 30, 2009

09-11-30 Note left on US Congress site - in re: Fraud Enforcement & Recovery Act (2009)

The Sarbanes-Oxley Act (2002), Emergency Economic Stabilization Act (2008) & Fraud Enforcement & Recovery Act (2009) would make no difference whatsoever, as long as FBI, banking regulators, and U.S. courts refuse to enforce the law on major financial institutions. [1]

This note is forwarded from Los Angeles County, California, the "epicenter of the epidemic of real estate and mortgage fraud", and home to a justice system, which "tolerated a subcult of criminality in its ranks".[2] In short - we need U.S. Congress to focus its efforts on more oversight, less legislation.

[1] Responses by Kenneth Kaiser (FBI) and Kenneth Melson (USDOJ) to U.S. Congress (2008), deemed fraud and deceit:
[2] Blue Ribbon Review Panel Report (2006);

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