Yves Smith: How the Banks Put the Economy Underwater

The major banks and their agents have for years taken shortcuts with their mortgage securitization documents — and not due to a momentary lack of attention, but as part of a systematic approach to save money and increase profits.

http://www.nakedcapitalism.com/2010/10/our-new-york-times-op-ed-how-the-banks-put-the-economy-underwater-2.html

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