USA Conflicts of Interest in the Robosigning debacle (audio)


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I found this very interesting. The founder of Naked Capitalism was on Le Show this week, and she detailed how borrowers were compensated for being wrongly forclosed.

Basically, the banks set up a fund and arbitrary amounts to pay people, without investigating who was wronged, and how much that wrong actually cost. She goes into how the auditors who blew the whistle uncovered the wrongdoing and the seeming coverup that followed. it's really fascinating. The interview starts around 10 minutes in.

I'm not allowed to post a link yet, but google le show, and it's the April 28th show.
 
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