Run Casey Serin, Run!!!!

"If there is any indication that you falsified information on your new loan application, the OIG is “absolutely” going to refer you for criminal prosecution, Wolfe said.  ”We’re not just going to demand repayment,” he said.  ”We’re going to lock people up.”

But then on the other hand....

"So a 45-person enforcement office at the FHFA has the resources and incentive to put strategic defaulters in jail, but mention the name Jon Corzine to the 5,000 prosecutors at the Eric Holder Covington & Burling Department of Justice and they stick their heads so far down in the sand, their asses sprout beach umbrellas."

Bwahahahaha!!!

"Chicago Tribune - Strategic defaulters, beware.  The feds are coming for you.  And they are not happy."

"And if you think the mortgage cops won’t find you, think again.  The OIG’s investigative office has a 45-person staff, “all experienced people with 15 to 20 years as investigators and prosecutors,” according to Peter Emerzian, deputy inspector general in the Office of Investigations.  They work out of 11 field offices, soon to be 14, nationwide, and they’re looking for you."

Got popcorn?  If you were a more or less honest person sitting on the sidelines watching this clusterfuckesque perfect storm gather on the horizon, this is where the show gets interesting and funny and maybe a little tragic.  To borrow a phrase that the ex-Mrs. Bing's pencil-dick equipped divorce attorney once used, "The saga continues" (to which I replied "Go fuck yourself" in a nice way).  This is where you can shake your head in silence with a "I tried to tell you, dipshits" look on your face when in the company of assclowns who actually denied the existence of the credit bubble chasing real estate back in "the good old days".