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Foreclosure Fiasco

Amazingly, the mainstream media has downplayed the rather blockbuster news that tens of thousands of foreclosures have been halted by all the major banks, including B of A halting all foreclosures in all 50 states.  This is yet again more fraud that being unearthed, and again these banks, bailed out by the taxpayers just two years ago, are doing their best to reveal as little as possible about the issue, including not letting pension funds see the individual mortgages that make up the mortgage securities that they own. The gall of these banks is truly remarkable.

Anyway, here’s an 8 minute video of Dylan Ratigan interviewing a congressman about the situation and potential ramifications of this mess. Any talk of recovery can be truly laughed at after you ponder this fiasco.

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