This was just too funny to not pass on. Funny and sad at the same time.
The fellow who created this chart performs securitization audits, a fancy phrase for a guy who follows the mortgage money trail. He spent a year putting this chart together of the mortgage for his own home.
This week the The Congressional Oversight Panel, a bailout watchdog, released a statement that says the scandal over alleged “robo-signers“, foreclosure processors who approve documents without reading them, “may have concealed much deeper problems” in the mortgage industry.
Saw this on the Huffington Post where they picked it up from the Zero Hedge (all credits must be given).