Matt Stoller: Treat foreclosure as a crime scene

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Matt Stoller: Treat foreclosure as a crime scene

Matt Stoller: Treat foreclosure as a crime scene

“Obama may talk of the “99 percent” but his administration is engaged in an aggressive coverup of bank crimes.”

 

Politico-

Bubbling under the surface of politics is the foreclosure crisis — where the power of big finance is brushing up against the rule of law. The party leaders seem to have decided it is essentially a giant — but unavoidable — tragedy. GOP presidential candidate Mitt Romney said foreclosures have to clear for the housing market to reset. The Obama administration, meanwhile, has spent only about $2 billion of the $75 billion authorized for the Home Affordable Modification Program.

But the foreclosure crisis is not only a few million personal tragedies. It is a few million crime scenes.

[POLITICO]

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