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Politics : Politics for Pros- moderated
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To: alanrs who wrote (442625)8/25/2011 8:47:37 PM
From: Whitebeard  Read Replies (1) of 793872
 
"The issue goes beyond fraudulent paperwork to an intentional, far-reaching theft scheme designed to take junk subprime loans and disguise them as AAA-rated investments. The banks lent money to corrupt companies like Countrywide, who made masses of bad loans and immediately sold them back to the banks."

Here it is, and nobody is doing anything about it. Obama, the smart left, supports this. Might as well nationalize the banks. Crony capitalism. Finance owns the govt.

Taibbi had this area until Gretchen Morgan came along. From the NYT. Wonder what Charlie Rose thinks, since they're all such good friends.
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