The Foreclosure Crisis: Eroding Trust — and Ending the Recovery?

From Charles Hugh Smith in Daily Finance.

Though just about everyone has heard about the scandal over “robo-signing” of foreclosure documents, the issues are so complex that what’s at stake isn’t always clear. After reading dozens of news accounts, editorials and the most widely followed financial blogs, I’ve assembled a basic account of the scandal — and outlined five of its potential implications.

To view the five implications, please read the entirety of this excellent article.