You just can't keep up with this stufff , and you want to moan about Tax breaks for the rich , while they're stealing the money anyway !

Well , here's today's piece , compliments of nasus25438 on the IV PM board  :

You Can't Make This Stuff Up...

 

SECRET DEALS, FORECLOSURE SETTLEMENTS, STRESS TESTS, AND VAMPIRE SQUID WHISTLE-BLOWERS: YOU JUST CAN’T MAKE THIS STUFF UP

Author: L. Randall Wray  ·  March 15th, 2012  ·  Comments (0) Share This Print  0  0

No Hollywood scriptwriter could plot a more implausible story. Here is the plotline sequencing:

1. Bankers make NINJA loans, securitize them, and sell on to government GSEs

2. Bankers destroy all the loan documents and begin random and fraudulent foreclosures, throwing millions of innocent victims out on the street

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Read on , it gets MUCH worse :

http://www.investorvillage.com/smbd.asp?mb=144&mn=92543&pt=msg&mid=11555669