Dave Kranzler and I examine the weeks greatest frauds brought to you by the greatest Fraud Factory ever known to man, the US Government. First there’s the housing boom, which is quickly turning into a major bust. But don’t worry, there’s a story circulating that the FHFA is planning a new mortage program called the Mirror Mortgage. If you can fog a mirror, the house is yours. Next, car sales, that wonderful economic indicator that shows an oh so healthy economy, that will eventually cost banks, meaning the taxpayer, hundreds of billions. Stay tunded for more. There’s so much fraud going on today that it’s getting harder to find the real economy.
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