mortgage crisis

Journalist David Dayen, explains how the mortgage industry is still defrauding homeowners, why the loan interests incentives are misaligned, Bank Of America’s obscene record of mortgage fraud, the failure of the Obama Administration’s regulatory framework, why tort “reform” has made the housing crisis even worse and how the Obama Administration has adopted a terrible sequester […]
Matt Taibbi from Rolling Stone on corrupt culture of Bank of America; how CEO rivalry and government regulation created the banking behemoth that conned
Robert Kuttner from The American Prospect magazine on status of proposed multi-billion dollar settlement in mortgage meltdown; will Obama’s Financial