Dylan Ratigan Tells the Foreclosure Fraud Truth
This may be the best analysis yet since the financial crisis first hit the airwaves two years ago.
The slime swept under the rug two years ago is seeping to the surface. The banks are illegally using false documents to foreclosure because the liens can’t be perfected. This toxic stuff was marked up to model after FASB capitulated and remains on bank balance sheets, or have been sold to pension funds that now requires a bailout. This is why TARP will cost so much more than $2.7 trillion. This is the bull case for Gold.
Excerpt: "Why would banks be so eager to behave this way? And why would politicians and the Treasury Department allow them to do it? ....Why isn't our government dealing with it now? Perhaps because that would reveal systematic criminal and civil fraud at the highest levels of America's banks and political corridors."
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Tags: Federal Reserve, Financial Frauds, Government Debt
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