A WSJ article suggests that the foreclosure crisis was started by lawyers pumping trivial issues...

|By:, SA News Editor

A WSJ article suggests that the foreclosure crisis was started by lawyers pumping trivial issues for their own enrichment, with the housing market as collateral damage. Indeed, the growing risk to banks and housing is that more homeowners and lawyers come to see such cases as attractive to fight. But Yves Smith says it's proof that MBS were imperiled to begin with.