What Country Is This Again?

Matt Taibbi: Courts Helping Banks Screw Over Homeowners

When I went to sit in on Judge Soud’s courtroom in downtown Jacksonville, I was treated to an intimate, and at times breathtaking, education in the horror of the foreclosure crisis, which is rapidly emerging as the even scarier sequel to the financial meltdown of 2008: Invasion of the Home Snatchers II.

Dig it:

It turns out that underneath that little iceberg tip of exposed evidence lies a fraud so gigantic that it literally cannot be contemplated by our leaders, for fear of admitting that our entire financial system is corrupted to its core — with our great banks and even our government coffers backed not by real wealth but by vast landfills of deceptively generated and essentially worthless mortgage-backed assets.

I made that quote bold red.

Like the blood that is going to flow into the sewers after the rain of Justice comes down on their goddammed heads.

1 Comment

Filed under Collapse, Pottersville

One response to “What Country Is This Again?

  1. Man, the red quotation says it all. I don’t see how that goes on forever.

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