FBI has 180 agents on mortgage fraud, according to a Liz MacDonald report a few days ago. They’re just barely into individual mortgages, working upward, and have some 60,000 ‘problems’ already, involving 38 lenders, including the ‘very biggest’. If FBI isn’t politicized the USA may have a chance in this world. FBI, please, be what your country needs you to be.

Paul Gigot just mentioned that it was Lehman that led the way into the thicket, which we had figured out already. A major broker/dealer/investment bank as a sacrified pawn to put USA into a pre-election crisis is i admit a pretty james bond ish notion. but it did start the blowoff in September, and Soros was buying in heavily in August. I’ve got a couple URLs i need to put up, i’ll go chase ‘em down.

Fox has a panel on right now, Dagen McDowell abd Eric whazziz, they’re incredulous over geithner is sowing confusion –with example after examp;le of inexplicable mixed and crossed and flip flopped policy suggestions. A realtor is describing how the end user market is just frozenm waiting for the noise to abate. Geithner, who is a spitting image of Ted Bundy except less coherent, is ‘spose to reveal a “housing plan” this coming Wednesday.