Matt Taibbi is as usual dead on target. He does a veritible Indian War Dance on the horrors of the foreclosure crisis. Read the paragraph below and then go spend a delightful (quality of writing) and painful (financial corruption) story.

The moral angle to the foreclosure crisis — and, of course, in capitalism we’re not supposed to be concerned with the moral stuff, but let’s mention it anyway — shows a culture that is slowly giving in to a futuristic nightmare ideology of computerized greed and unchecked financial violence. The monster in the foreclosure crisis has no face and no brain. The mortgages that are being foreclosed upon have no real owners. The lawyers bringing the cases to evict the humans have no real clients. It is complete and absolute legal and economic chaos. No single limb of this vast man-­eating thing knows what the other is doing, which makes it nearly impossible to combat — and scary as hell to watch.

Excellent, exactly. This is not a moral crisis where six million Americans suddenly decided to buy too much house. This is a moral crisis where the biggest financial institutions in the world decided to take the home owners of America on a little trip into world finance. The banks had a hell of a vacation. The home owners never made it back.

James Pilant