George Zornick carries a rebuttal from Eric Schneiderman’s team on yesterday’s damaging expose of the securitization fraud working group. Here’s what it has to say: • There are 50 staffers “across the country” working on the RMBS working group (the official title). • DoJ has asked for $55 million for additional staffing. • The five [...]

Barry Ritholtz impressively gets even Larry Kudlow to understand the seriousness of the foreclosure fraud scandal, on the conservative-friendly terms of private property rights. Please keep watching until the end, where Ritholtz savages CNBC’s Diana Olick for trying to explain away the banks breaking into houses, trying to foreclose on people without any mortgages, and [...]