Friday, November 12, 2010

More in-depth on the mortgage fraud crisis

A new deep article in Rolling Stone takes apart the mortgage fraud mess (warning: potty mouth.)
"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..."

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