Bank Fraud Revealed

Elizabeth Warren gets into it with Adam Davidson of NPRs Planet Money – This is one of those pieces to listen to just to see where people think people are on the issues – but while it’s great intellectual food for thought (maybe) it still leaves aside the most major of all the underlying issues which is when does the corruption and pilfering stop?

Apparently, not here.

Planet Money Interview Adam Davidson and Elizabeth Warren May 2009

We note that all pontificating aside, not much has changed in the five months since this interview came out – the banks are still foreclosing on homeowners at a record clip; the government is now subsidizing private investor’s acquisitions of those “troubled assets”; new hedge funds are springing up to purchase the housing inventory left in the wake of the “credit induced housing bubble”; and, just by coincidence, no one has made a single move to begin prosecution of the most massive control fraud and public fleecing in America’s history. We note that the COP (Congressional Oversight Panel) under Elizabeth Warren DID come out last week and chastise the Tresury for its failure to provide any type of meaningful relief to the millions of Americans still facing foreclosure.