Foreclosuregate Update – 60 Minutes: The Next Housing Shock

Posted by AzBlueMeanie:

CBS 60 Minutes finally got around to covering the Foreclosuregate story that has been reported since last fall, and it was devastating. Mortgage paperwork mess: the next housing shock? – 60 Minutes – CBS News.

I cannot get the video embed to work. Here is the link http://www.cbsnews.com/video/watch/?id=7361572n&tag=related;photovideo.

I keep saying the American people want "somebody going to emergency, somebody going to jail." The banksters of Wall Street and their foreclosure mill operations, including some well-known national law firms, need to go to jail and to pay back the money they stole with this casino capitalism fraud of securitized mortgages (derivatives).

Instead, we have a Tea-Publican Congress that wants to kill the modest regulations adopted by the last Congress that did not go far enough to regulate the "shadow market" of derivatives. The Tea-Publicans want to return to the "wild west" of unregulated casino capitalism that nearly destroyed the world's financial system and economy. They are insane.

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