Friday, July 15, 2011

And How Did That Happen?

There's a complete mystery regarding just who is responsible for this particular state of affairs.
Jamie Dimon said yesterday that "there have been so many flaws in mortgages that it’s been an unmitigated disaster" and the system is in serious need of an overhaul.

"We just really need to clean it up for the sake of everybody," he said on a conference call, acc cording to Bloomberg, "and everybody is going to sue everybody else, and it’s going to go on for a long time."

Yes, we'd better just clean it up and let the banksters own whatever they say they own.