Via Truthout:Eugene Robinson | Bad Guys of the Foreclosure Crisis

Eugene Robinson: "Don't blame the lawyers. The crisis over faulty or fraudulent paperwork in mortgage foreclosures - which is either a big deal or a humongous deal, depending on which experts you believe - is the fault of arrogant, greedy lenders who played fast and loose with the basic property rights of homeowners.... But it's the bankers' own fault that there are so many instances of foreclosure documentation with legal loopholes big enough to drive a moving van through. During the years of the real estate boom, lenders cut corners with paperwork in order to make as many loans - and sell them to other lenders, who often sliced and diced them into securities that were then sold to investors - as quickly as possible. This haste and inattention to detail, now coming to light, are partly responsible for the current crisis."

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