The Minnesota Attorney General is confirming a series of fraud cases they are investigating and attempting to prosecute in their state along with almost every other state in America.
The tricky part, however, is that there is no paper trail when loans have been sliced, diced, repackaged and resold, making the MO AG’s work and others’ prosecutions difficult.
The above video is not only confirmation that many fraud cases may go unprosecuted, but a quick primer for those not up to speed on the mortgage crisis.
