CBS 60 Minutes on Fraudclosure Gate: April 3, 2011

Posted By: Admin April 2, 2011

I think 60 Minutes is the best news expose show. This Sunday they aired an expose on the Fraudclosure scam of the major US banks.

From the 60 minute website:

April 3, 2011 Sunday on “60 Minutes”

The Next Housing Shock
As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus – a condition that’s causing lawsuits and hampering an already weak housing market. Scott Pelley reports. Watch the video.


About the Author

Admin
I am a professor by trade and 100% pure Gongura Gulute by birth. I believe in “survival of the fittest” mantra, but my philosophy is to “live and let live.” Therefore, I am at neither extremes of the political spectrum. I am an independent and I love it that way.