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TIME Asks ?Will Bankers go to Jail for Foreclosure-gate??

By Implode-Explode Heavy Industries

"But the real blood on the Street would be if the Feds are looking into the some of the more salacious charges that are coming out about the securitization of mortgage bonds. One being that the bankers knew many of the loans they sold to investors were deficient, and got a discount when they bought them, but then passed those loans along to investors at full face value anyway. Or, two, a charge that surfaced again today, that bankers sold the same mortgage to numerous bond pools ensuring that investors would lose money."

Full post as published by Mortgage Lender Implode-o-Meter on October 20, 2010 (boomark / email).