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Fraud about Fraud: Obama administration wildly overstated its mortgage fraud convictions

August 16, 2013
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Fraud about Fraud: Obama administration wildly overstated its mortgage fraud convictions

So here is a story of a fraud about a fraud about a fraud: Even the feds lied about how much enforcement they were doing. As the Columbia Journalism Review notes, Bloomberg News actually uncovered last week that the Obama administration had overstated its mortgage fraud convictions. I’m just getting to it now in...
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“They knew it. They knew that they were frauds.”

April 6, 2009
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How do we know that the root of this financial crisis is massive fraud? Consider this: The people responsible for the current meltdown are understood to be the smartest guys in the room. Yet, on the other hand, these same men claim they didn’t know that the financial instruments they created and traded would...
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