Tuesday, February 09, 2010

The Fraud Of Foreclosure

It's no great surprise that Wall Street, banks and mortgage companies conspired in unprecedented fraud to create the housing bubble so why would it be a surprise to see similar fraud in the foreclosure process?

There would have been no housing bubble with a public banking system. There would have been no internet bubble. There would have been no collapse of Wall Street in 2008 where the government has backstopped more than $100,000 for every working American to keep our financial system from collapsing.

The greatest fraud of all is that our government entrusts private interests to protect society's money.
posted by TimingLogic at 9:31 AM