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View Diary: 60 Minutes uncovers the blatant Fraud, behind Mortgage Foreclosure Document Mills (204 comments)

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  •  FINALLY. That's news. (0+ / 0-)

    That's a good start.  If they've sued over the right issues, that might crack this wide open.

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Mon Aug 08, 2011 at 06:58:05 PM PDT

    [ Parent ]

    •  No good. Suing over the wrong issue. (0+ / 0-)

      They're suing on the grounds that BoA lied about the quality of the mortgages put into the trusts.

      They should be suing on the grounds that BoA lied about the existence of the trusts and about the presence of mortgages in the trusts, as Yves Smith as pointed out repeatedly.

      Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

      by neroden on Mon Aug 08, 2011 at 07:23:25 PM PDT

      [ Parent ]

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