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The Robo-Signing Mess Is Just the Tip of the Iceberg, Mortgage Putbacks Will Be the Harbinger of the Collapse of Big Banks that Will Dwarf 2008!

By Implode-Explode Heavy Industries

"Now that the Robo-Signing scandals have achieved full notoriety through the media, it is time to address the real issues facing investors in bank stocks. I also believe that the media is staring at the wrong target. Each major media outlet is copying what is popular or what the next outlet broke as a story versus where the true economic risks actually lie ? which is essentially the real story and where the meat actually is. Here's what's truly at stake ? the United States is now at risk of losing its hegemony as the financial capital of the world!"

Full post as published by Mortgage Lender Implode-o-Meter on October 12, 2010 (boomark / email).