Click the link below for a fascinating 60 Minutes interview with the author of a book that details the collapse of the subprime mortgage industry….the effects of which you and I will pay for for decades to come. Plaintiffs continue to be rewarded for improper and counter-intuitive behavior.
A handful of Fat Cats bet big against Americans while the subprime industry created the bad mortgage products that were necessary to fund the bad bets.
THEY KNEW THE SUBPRIME MARKET WOULD COLLAPSE. HOW CAN IT BE RIGHT FOR JUDGES TO REWARD THIS CONDUCT BY GRANTING FORECLOSURES?