Here's an article about the extent of mortgages and securitisation fraud, which ... | Hacker News

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ktizo on Sept 15, 2012 | parent | context | favorite | on: U.S. Taxpayers Are Gouged on Mass Transit Costs

Here's an article about the extent of mortgages and securitisation fraud, which the FBI characterised as an epidemic.

http://rwer.wordpress.com/2012/05/26/mortgage-and-securitiza...

yummyfajitas on Sept 15, 2012 [–]

The FBI characterized mortgage fraud in which banks are the victim as an epidemic, according to the only source cited by your blog post.

Criminals attempting to rip off banks via schemes involving mortgages != fraudulent accounting in the financial sector.

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