Matt Taibbi on the Foreclosure Crisis

This is a quote from Matt Taibbi's new article in Rolling Stone Magazine on the foreclosure crisis.
"For most people, the former bit about homeowners not paying their damn bills is the important part, while the latter, about the sudden and strange inability of the world's biggest and wealthiest banks to keep proper records, is incidental. Just a little office sloppiness, and who cares?

But in reality, it's the unpaid bills that are incidental and the lost paperwork that matters. It turns out that underneath that little iceberg tip of exposed evidence lies a fraud so gigantic that it literally cannot be contemplated by our leaders, for fear of admitting that our entire financial system is corrupted to its core......" [full article at]

And read this funny post at Zero Hedge... 1,125,000,300 = The Number Of Pages Needed To Be Read For Every CDO Squared Purchase. How does all of this BS end?

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