How surprised are we to find that banks are foreclosing on people’s homes for no reason at all, and often on homes where they don’t even own the mortgage.
Of course, the criminal malfeasance of banks can barely be discussed in this country. I still hear economists blaming the recession on “spending beyond our means” rather than the credit default swaps. I still hear pundits talking about a culture of consumption but not a culture of institutional theft.
But hey, no worries, right? I’m sure the Obama administration will get right on this. He would never allow the American people to be robbed blind by huge wealthy corporations, right? Right?