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Loan Modification

: Mortgage Lender Implode-o-Meter

Matt Taibbi On Lehman `Repo 105' Fraud

By Implode-Explode Heavy Industries

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``My guess is that this suit is the beginning of the end for Ernst and Young and, who knows, may be the beginning of a series of investigations that ultimately take down the auditors and ratings agencies that made the financial crisis possible. Without accountants and raters signing off on all the bogus derivative math and bad bookkeeping, a lot of this mess would never have happened.''

Full post as published by Mortgage Lender Implode-o-Meter on December 21, 2010 (boomark / email).

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