The American Bear


For most of the last ten years, you could walk into any major bank in America and find whole departments committed to the practice of writing false, robosigned affidavits. We’re not talking about crime that is hidden in a line item, or has to be deduced by checking and re-checking the numbers of dozens of accounts: we’re talking about groups of flesh-and-blood human beings, sitting there in plain view with huge stacks of folders on their desks, openly committing fraud and perjury. Walk in any direction in lower Manhattan with a badge, you’re going to hit a fraud case whether you want to or not. Matt Taibbi | SEC: Taking on Big Firms is ‘Tempting,’ But We Prefer Picking on Little Guys