Economic Policy: Foreclosuregate in 30 seconds

At Mother Jones, Andy Kroll neatly summarizes the complex mess otherwise known as "Foreclosuregate:"

You've got "robo signers," the mortgage servicing employees who scrawled their signatures on hundreds of thousands of crucial legal filings without knowing what they said (violating federal rules), and "foreclosure mills," the full-steam-ahead law firms that cut corners and allegedly broke the law in foreclosing on homeowners quick and dirty (and are now facing multiple investigations). There's trusts and mortgage-backed securities and securitization itself. The list goes on and on.

Or, he says, you can cut to the heart of the problem as Damon Silvers, policy director at the AFL-CIO and member of the bailout watchdog Congressional Oversight Panel, did in recent  testimony: