Once again, two-fisted ex-regulator Bill Black takes a baseball bat to the kneecaps of the myth that "stupidity" and "greed" were to blame for the mortgage crisis. And if that doesn't work, let's blame it all on the FMs.
Fraud. We don't say it, you certainly won't hear it in the mainstream media, but it's there, and it remains unpunished and undeterred.
By William K. Black
July 9, 2013 | Huffington Post