SPDBRNR – Eyes Wide Open
Sports, Politics, Financial Markets, Silver & More

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.


No Responses to “Foreclosure Fiasco”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: