Tuesday, October 26, 2010

Foreclosuregate Status - Karl Denninger provides a candid look at the foreclosure problem

Nicely done .. check it out here

Please take the time to listen to the audio from the KOH radio show - interviewee, a foreclosure defense attorney in Nevada, does an excellent job of exposing the credit default swaps and their use to incentivize the banks as they proft from defaults of loans.

Direct link here

Be sure to check out the first few minutes, a couple of minutes starting at 12:30 in.  Then listen to 16:30, and 42:30, right around 50:00 and then again at 70:00 and finally, at 78:00 in.

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