SALT LAKE CITY — Assistant U.S. Attorney for Utah Drew Yeates has been named a recipient of the 33rd annual Attorney General’s Volunteer Awards, which can be given to those in the Department of Justice and individuals of the general public who have proven determination to improve their groups.
The awards, announced Tuesday by using U.S. Attorney General William P. Barr, are separated into categories, the Attorney General’s Volunteer Award for Community Service and the Attorney General’s Citizen Volunteer Service Award. Yeates turned into given the Attorney General’s Volunteer Award for Community Service for his seasoned bona paintings helping victims of domestic violence with the Safe Harbor Crisis Center in Layton. The 2008 economic crash placed a whole lot of human beings out of work. It harms business owners, empties non-public financial savings, destroyed American domestic values, and causes huge foreclosures.
What Many Homeowners Don’t Know
The crony network of large banks, financial institutions, authorities, politicians, the courts, and their corporately owned media have used propaganda, lies, and spin medical doctors to convince Americans that naïve and greedy house owners crashed the global credit score markets in 2008.
They blamed the crash and modern monetary chaos on homeowners who sold too much residence. Yes, a few mortgagers made a few humans agree that they might purchase an extra home to come up with the money for. However, the blame right here is regularly misleading.
Why? Obscene broker commissions have been a massive part of originating mortgages. Banks were on a tear to packaging deal, securitize, sell, and re-promote mortgages. It causes abnormal loan practices.
The bigger reality has been found out that there aren’t any mortgages to lower back the mortgage-sponsored securities. Thus former treasury secretary Hank Paulson informed taxpayers, “We need to bail the banks out; in any other case, the entirety will crumble.”
Iceland Let Their Banks Collapse
In truth, Iceland arrested the financial offenders and put in actual safeguards to repair the capital markets and consumer confidence. We in America were given the toothless Dodd-Frank bill that makes it seem legislators mind the shop. Banking and the financial industry wished predominant reforms. Instead, after the Wall Street monetary crash, our American banks honestly got 38% BIGGER!
Too Big to Fail and Too Big to Jail
Today banks are larger than before the monetary crash, and the Dodd-Frank invoice does nothing widespread to preserve Wall Street from trashing the economy once more. Insanity is doing the same factor you have been doing but anticipating a one-of-a-kind result. Fast forward, and today, those quasi-patriotic cronies hold the lies and prop up the fraud on the taxpayer’s dime. They openly retain to cover up their companions’ crimes while nonetheless receiving a large transfer of wealth from taxpayers without impunity. Can You Name One Banker That Went to Jail?