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Financial Sector Reform

The Ongoing U.S. Mortgage Disaster

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L. Randall Wray writes a devastatingly insightful blog on EconoMonitor as he exposes the massive fraud that is the U.S. mortgage system. Read more about this shameful and illegal situation through the following link.

http://www.economonitor.com/lrwray/2012/03/16/the-7-trillion-dollar-question-that-haunts-banks-when-will-the-obama-administration-recognize-that-mers-destroyed-the-chain-of-title-making-all-foreclosures-suspect/

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  1. […] United States is rapidly deleveraging and the household savings rate remains high, but the mortgage situation remains unresolved and will continue to act as a break on domestic consumption; […]

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