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Three Years Later, the Housing Crisis Continues

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Mortgage Fraud, 'Reckless Endangerment' and Public TrustThree years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices. In several states, attorneys general say they're trying to rebuild public confidence in the home loan industry by going after banks and lenders for fraud. Could criminal convictions restore public confidence or is it already too late?

Credits

Guests:
Michael Troncoso - California Attorney General's Mortgage Fraud Strike Force, Mark Calabria - Cato Institute, Joshua Rosner - Graham Fisher & Company - @JoshRosner‎, Matt Taibbi - Rolling Stone - @mtaibbi

Host:
Warren Olney

Producers:
Karen Radziner, Andrea Brody