From liars' loans to liars' liens, the financial and foreclosure crisis has been one big story of banks defrauding their customers -- a vast criminal enterprise. You wouldn't know it from a lot of the media coverage, though. Regulatory hero and criminologist William K. Black helps connect the dots.
If it wasn’t already blindingly obvious that pervasive fraud was at the heart of the financial crisis and the ensuing foreclosure catastrophe, you would think that the latest news -- that banks have routinely been lying their heads off in the rush to kick homeowners off the properties they fraudulently induced them to buy in the first place -- would pretty much clinch it.
And yet the mainstream media still by and large hasn’t connected the dots.