Tanta at Calculated Risk has a great post on Cramer vs. Cuomo vs. eAppraiseIT vs. WaMu vs. Fannie Mae. The latter three are playing a game of hot potato with pools of fraudulent mortgages. Cuomo is shining a light on the sordid mess. Cramer is crying that if you drive the fraud out of the mortgage business, there won't be a mortgage business.
It's an enlightening post on the possibility of pushbacks from the investors onto the originators. That possibility is likely to be the end of Countrywide.
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
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