[GPSCC-chat] Bill Black and Foreclosurehamlet.org on MSNBC

[Brian Good]

Foreclosure crisis and fraud









http://www.msnbc.msn.com/id/3096434/#39836703




Lisa Epstein:  
http://www.foreclosurehamlet.org/



But that's not all!  At 5:30 see Bill
Black, Professor of Law and Economics atU of Missouri KC law school:  




By 2006, 49% of mortgage originations
were liars' loans.



There were millions of acts of frauds. 
The banks made incentives to attract the worst possible loans.



The Fed got Congress to pervert
accounting standards so the Fed would not have to recognize that it
took $1.5 billion in toxic assets.  Bring in the FDIC and the GAO to
investigate. 




In the S&L crisis there were 1000
convictions.  None today.  Fire Holder, fire Geithner, fire Bernanke.
Foreclose on Bank Fraudsters: 
http://www.huffingtonpost.com/william-k-black



Bill Black first came on my radar from Carol Brouillet's report here:
http://www.communitycurrency.org/chicagoreport.html

 		 	   		  
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