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Loan Modification

: Mortgage Lender Implode-o-Meter

?Creative? Wall Street and Money-Laundering

By Implode-Explode Heavy Industries

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"I don?t want to get too tinfoil about this. But it strikes me that the efforts to keep Wall Street and all its celebrated creativity intact serves to make it easier for banks like Wachovia to engage in widespread money-laundering. That is, it?s not just shadow banking as it is politely understood, but banking for entire shadow networks, both our own and our enemies."

Full post as published by Mortgage Lender Implode-o-Meter on July 06, 2010 (boomark / email).

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