60 Minutes exposes banks’ massive mortgage fraud (via Beyond Money)

I hope this makes a difference. I was blogging about this back when it was one step above UFO posts. Things certainly have changed. There is talk of fines as high as 20 billion dollars although the white knights of Congress are already calling these monetary penalties for illegal or borderline illegal, “confiscatory.”

Pleas watch.

James Pilant

My special thanks to Beyond Money.

This is a truly astounding story about how major banks have routinely used falsified documents to foreclose on people who were lured into the housing bubble. http://www.youtube.com/watch?v=UdeFyPC5MNIRead More

via Beyond Money