What In The World Is Going On Inside Bank Of America? - Dan Froomkin/HuffPo

[WillyT]

What In The World Is Going On Inside Bank Of America?
Dan Froomkin/HuffPo
First Posted: 11- 8-10 11:13 AM | Updated: 11- 8-10 12:52 PM

<snip>

WASHINGTON -- You could do a lot worse things with your time than read every word of what William K. Black and L. Randall Wray have written for the Huffington Post in the last two weeks -- even though it would take a while.

Black and Wray both teach economics at the University of Missouri-Kansas City. Black, himself a regulator during the S&L scandal of the 1980s, has emerged as one of the most blistering critics of the Obama administration's limp response to the mortgage and foreclosure crisis. For an introduction, read my article on Black and his list of nine stories the press is underreporting - most of them involving fraud, fraud and more fraud.

In their first piece, back on Oct. 22, Black and Wray described how the ongoing foreclosure fraud epidemic is the work of precisely the same unrepentant bank officers whose fraudulent mortgage schemes crashed the financial system in the first place. They called on the FDIC to put some of the nation's biggest banks into receivership, in order to clean house. "Foreclose on the foreclosure fraudsters," they wrote -- and start with the worst: Bank of America.

<snip>

Much More: http://www.huffingtonpost.com/2010/11/08/what-in-the-world-is-goin_n_780310.html

:kick:

[Dawson Leery]

1. LET THEM FAIL!

LET THEM FAIL!

[PBS Poll-435]

4. How exactly? nt

[Octafish]

2. Black wrote the book on control fraud: 'The Best Way to Rob a Bank is to Own One.'

Helped DUers understand the Bail Out bust out:

Know your BFEE: Goldmine Sacked or The Best Way to Rob a Bank Is to Own One

[grasswire]

3. kick to read my pal Dan Froomkin later

Thanks

[WillyT]

5. Kick !!!

:kick: