Foreclosure Crisis | We Bailed Banks Out, Now Banks Muck The Muck

Jon Stewart explains the fine print that the banks wrote but didn’t read, or adhere to, or follow.

Here is the crux of the foreclosure crisis: the law requires that a bank own the mortgage that it is foreclosing on. In the overwhelming majority of cases banks do not own the mortgages within the portfolio that they are managing.

Watch Jon Stewart

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Foreclosure Crisis
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