Loan Modification

Matt Taibbi's Great Squid Hunt

By Implode-Explode Heavy Industries

Pretty comprehensive review of Matt Taibbi's "Griftopia", his book on the financial crisis. Lots of good facts and arguments excerpted here. The quote below, with Taibbi paraphrasing the bankster attitude towards the popular ire they have stirred up, is representative of the general tilt (which we find pretty accurate).

"If the people must politick," as he paraphrases their thinking, "then let them do it in the proper arena, in elections between Wall Street-sponsored Democrats and Wall Street-sponsored Republicans. They want half the country lined up like the Tea Partiers against overweening government power, and the other half, the Huffington Post crowd, railing against corporate excess. But don't let the two sides start thinking about the bigger picture and wondering if the real problem might be a combination of the two."

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