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Is ForeclosureGate About To Become The Banking Industry's Stalingrad?

By Implode-Explode Heavy Industries

"Will the High Frequency Signing scandal be the proverbial straw on the camel's back. Perhaps. In the meantime, here is a soon to be viral, and all too real, parody of foreclosure gate. At this point the guilty parties are irrelevant. All that matters is that America's terminal collapse into a banana republic status is now obvious for all to see. And as for Cramer saying foreclosure gate will only force home prices to go higher, pray tell dear Jim, just which buyers will put their own money into a home when they have no idea at what time the real title holder shows up with a restraining and eviction order, and demands immediate access."

Full post as published by Mortgage Lender Implode-o-Meter on October 10, 2010 (boomark / email).