This week’s 60 Minutes shed some light on the magnitude of the fraud in the banking system due to robosigning. This is so outrageous you won’t even believe the extent of the fraud. Unfortunately, this is all causing a massive bottleneck in the process of finding a housing bottom. And that means this fraud is only going to prolong that pain that millions of Americans are confronting.
Source: CBS News
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.