Rolling Stone gets it right on serial foreclosure fraud by banks and their courtroom accomplices

Rolling Stone reporter Matt Taibbi is a morally detestable human being, but he gets it right on the looming foreclosure fraud bank crisis:

You've heard of Too Big to Fail the foreclosure crisis is Too Big for Fraud. Think of the Bernie Madoff scam, only replicated tens of thousands of times over, infecting every corner of the financial universe. The underlying crime is so pervasive, we simply can't admit to it and so we are working feverishly to rubber-stamp the problem away, in sordid little backrooms in cities like Jacksonville, behind doors that shouldn't be, but often are, closed.

Read it all, as they say.

Posted by: Barbarossa at 07:05 PM


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