Lightning Fast Mortgage Courts

Matt Taibbi came out with another article on the economic crisis. This time, he’s looking at how implicit the court systems may have become in letting things like robosigning slide, and how some are evening doing it themselves.

“Because in America, it’s far more shameful to owe money than it is to steal it.”

Taibbi’s pieces are sometimes a bit too apocalyptic and doom and gloom, but it does ram home a very important point: the ones who live in the house tend to be blamed for the foreclosure and at times the economic crisis, rather than the banks which construct these systems that profit from absurd rates of turnover and inflated asset values.

Posted on November 16, 2010, in Housing, Neighborhoods. Bookmark the permalink. Leave a comment.

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