Attention WalMort Shoppers!

UPDATE: As usual, comix nail it, while our deeply incompetent and corrupt corporate media tie themselves in knots attempting to avoid the direct, aggressive reporting desperately called for.

In this case, behold the master, Tom Tomorrow at work:

Here is all you need to know to understand the foreclosure fraud pandemic, brought to you by the good folks at BankWorld Discorporated:

NEW YORK (AP) — In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in "foreclosure expert" jobs with no formal training, a Florida lawyer says.

In depositions released Tuesday, many of those workers testified that they barely knew what a mortgage was. Some couldn't define the word "affidavit." Others didn't know what a complaint was, or even what was meant by personal property. Most troubling, several said they knew they were lying when they signed the foreclosure affidavits and that they agreed with the defense lawyers' accusations about document fraud.

The deposed employees worked for the mortgage service divisions of banks such as Bank of America and JP Morgan Chase, as well as for mortgage servicers like Litton Loan Servicing, a division of Goldman Sachs

For a housing recovery to occur, all the foreclosed properties — which could account for 40 percent of all residential sales by 2012 — need to be re-scrutinized by the banks and resold on the market. Now, with so much inventory under a legal threat, the process will become severely delayed.

And a taste of what is coming down the foreclosure pipeline:

Meanwhile, the public outrage continues to mount. In what is perhaps a sign of things to come, a Simi Valley, Calif., couple and their nine children broke into their foreclosed home over the weekend and moved back in, according to television station KABC of Simi Valley. The couple, Jim and Danielle Earl, say they were working with the bank to catch up on payments until they discovered a $25,000 difference between what they owed and what the bank said they owed. The family was evicted from their Spanish-style two-story in July. The home has been sold, and the new owner was due to move in soon.

The Earls and their attorney now allege that they were victims of fraudulent paperwork.

Please go to the above link and read the rest of the report.

If you want more detail in an easy-to-grok format I urge you to check out Foreclosure Fraud For Dummies, this series at the well informed site Rortybomb

It would all be so very  hilarious if human misery were not involved. The Keystone Kops truly run our clown car of a financial system.