US mortgage fraud drama continues - Taylor Bean though a small fish compared to BoA & JP Morgue scandals.
My focus here is on the audit firm Deloitte, which is accussed of failure to detect phantom mortgage assets. If you study classic cases of epic enterprise corruption such as enron, worldcom etc there is always a big four auditing firm lurking behind the scenes. Initial audit firms had a big five tag, but authur andersen was crashed by the enron 2001 scandal, thus big 5 became 4 - PWC, Deloitte, KPMG & fill the blank.
The most difficult thing in unearthing ponzinomics is wearing the money goggles. Once you perfect that following the money becomes easy just like using night vision gear... This will never be taught in class etc & enough wealthy guys have told you they didnt attain those hyped degrees, masters, phds etc. How can the ponzi secrets be openly taught in class and a wage slave aka middle class is needed to propel the system? For those in the banking world, who are your largest borrowers? If you remove the middle class from society, the system falls apart
http://www.bloomberg.com...aylor-bean-collapse.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!