VIDEO: "We Can Either Have a Rational Resolution to the Foreclosure Crisis or We Can Preserve the Capital Structure of the Banks; We Can't Do Both"

Jan 10, 2011 at 1:58 PM
DailyBail in FRAUD, bank fraud, banks, banks, foreclosure, foreclosure, fraud, mortgage, mortgage putbacks, video

Editor's Note: This is another in our series of stories from late 2010, that we are reposting in the wake of Friday's landmark foreclosure ruling from the Massachusetts Supreme Court.

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Runs 30 seconds.  Just found this clip 5 minutes ago.  I believe it is from today's Congressional Oversight Panel hearing on foreclosure fraud by TARP banks.

This is the issue we need to remain aware of - the more banks suffer from mortgage putbacks and foreclosure fraud, the more likely it becomes that a second round of taxpayer assistance is requested next year by Geithner's replacement at Treasury.  Chris Whalen has been warning for weeks -- here, here, and here -- that 2011 will bring another round of bank bailouts.

 

Related:

• Larry Kudlow: Bloomberg To Replace Tim Geithner As Treasury Secretary Is 'Done Deal' (VIDEO)

 

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).