Topic: Foreclosure Fraud

Tracy Lawrence, a notary public involved in a massive "robo-signing" foreclosure fraud scheme in Las Vegas, was found dead in her home shortly before her sentencing hearing. While authorities ruled out homicide, the hosts suggest her death was a "suicide" intended to prevent her from testifying against higher-level banking executives. Lawrence had recently pleaded guilty to one count of notary fraud.

The Financial Times reports that the FBI is preparing to arrest hundreds of people for falsifying income on mortgage applications. The hosts dismiss the news as a publicity stunt intended to frighten the public rather than address systemic banking issues. They argue that banks were complicit in the subprime crisis by ignoring documentation requirements.