MAYBE THIS WILL PUT SOME BANKSTERS IN JAIL

The HuffPo has broken a story about how the 5 biggest mortgage companies defrauded the Federal government.  The cases have been referred to DOJ!!!

Here's the key passage:

The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.

You may ask why did they do this but I think you can guess the answer:

By taking shortcuts in processing troubled borrowers' home loans, the nation's five largest mortgage firms have directly saved themselves more than $20 billion since the housing crisis began in 2007, according to a confidential presentation prepared for state attorneys general by the agency and obtained by The Huffington Post in March.