It's still all about fraud for those who don't swallow every steaming pile Wall Street dumps on their plate.
"As Matt Taibbi has alleged, a good part of the mortgage market has in a sense been operated as a giant criminal enterprise. However, a recent landmark ruling in a Kansas Supreme Court case seems to have given millions of distressed homeowners the legal wedge they need to avoid foreclosure..."
William Black was a central figure in exposing the congressional corruption during the Savings & Loan looting of the late 80s, and he thinks the latest examples of Wall Street control fraud is essentially a big Ponzi scheme:
"This economic and financial meltdown originated from, and is even now being driven by, fraud, says Black.
Massive fraud. The essence of fraud is, 'I gain your trust so as to get you to give me something of value on the promise that I will provide something of greater value for you, and then I betray your trust.'
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And there's no more effective way to destroy trust in an entire society than by way of fraud systemically perpetrated by top elites.
"Sadly, that's exactly what we have happening in America today, he says."
OpEdNews - Article: Wall Street theft on a scale unimagined, and Obama wants to keep it covered up