Monday, November 22, 2010

Matt Taibbi: Courts Helping Banks Screw Over Homeowners | Rolling Stone Politics

The size and scope of this thing makes the first financial crisis seem like small potatoes. Scary. [warning: for those who are sensitive, the author drops the f-bomb a few times in this article]

Matt Taibbi: Courts Helping Banks Screw Over Homeowners | Rolling Stone Politics: "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."

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