During today’s show we try to understand the outrage that has spawned movements like “Occupy Our Homes” and why so many of us are impatiently waiting for prosecutions of bank executives which are usually highlighted by the “Perp Walk”. Real Estate Weekly discusses the various “actors” in the housing crisis, including the Banks who did not listen to their own compliance and fraud officers as the real estate investors and amateur “speculators” who fueled the demand for the bogus loans.
Important links for todays show:
Occupy Protesters take over foreclosed homes
6o Minutes show segments on the former bank employees and lack of Federal Prosecution
New York Federal Reserve Bank Staff Report on Real Estate Investors, the Leverage Cycle, and the Housing Crisis
Michael Moore on Wall Street and Obama
The Story that got away this week….
Barclays Analyst See Housing Rebound Coming in 2012