Denninger: Massive, Pernicious Fraud
From Denninger's Market Ticker:
Let's not mince words here:
The entire finance and real-estate "industry" is filled with massive, pernicious fraud, and we now have only one question remaining - will The Government do its lawful and mandated job, that of prosecuting the bad actors, or has it joined with the fraudsters, become one with them, and thus, declare itself as a gang of mobsters rather than a legitimate government? The latter, of course will beg only the question of what should be an ordinary American's response...
Read it all, please, then pass it on.